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TTM Technologies, Inc. manufactures and sells mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) and substrates in the United States, Taiwan, and internationally. It operates in three segments, A&D, Commercial, and RF&S Components. The company offers various engineered systems and RF and microwave assemblies; PCBs and IC substrates, custom assemblies and integrated systems, passive and advanced ceramic RF components, hi-reliability multi-chip modules, and beamforming and switching networks; and design-for-manufacturability, PCB layout design, simulation and testing, quick turnaround (QTA) production, and specialized RF assembly and testing. It also provides multi-mode surveillance and weather avoidance radar systems for fixed- and rotary-wing aircraft, Unmanned Aerial Vehicles, and shipboard platforms; AN/APS-153 multi-mode radar; communications suite within the MH-60R/S multi-mission helicopters; and supports maritime surveillance, counter UAS, and advanced air mobility end markets under MOSAIC brand. In addition, the company offers identification friend; monopulse secondary surveillance radars, and air traffic control systems; wired and wireless communication systems; designs, produces, and tests specialized multi-chip RF modules and components; and manufactures off-the-shelf surface mount microwave components. Further, it provides thick-film ceramic substrates, custom designed application specific integrated circuits, and conventional PCBs; custom electronic assemblies; QTA services; and thermal management. The company serves original equipment manufacturers, electronic manufacturing services providers, original design manufacturers, distributors, and government agencies; and aerospace and defense, data center computing, automotive, medical, industrial, instrumentation, and networking markets. TTM Technologies, Inc. was incorporated in 1978 and is headquartered in Santa Ana, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.9B | $403M | $177M | $-1M | 10.1% | 19.0% | 215.2% |
| 2024 | $2.4B | $282M | $56M | $51M | 3.6% | 9.4% | -400.8% |
| 2023 | $2.2B | $209M | $-19M | $27M | -1.2% | -10.5% | -119.8% |
| 2022 | $2.5B | $362M | $95M | $170M | 6.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 2,906.34 |
| Operating Revenue | 2,906.34 |
| Cost Of Revenue | 2,304.66 |
| Gross Profit | 601.69 |
| Operating Expense | 334.16 |
| Research And Development | 28.99 |
| Selling General And Administration | 277.61 |
| Total Expenses | 2,638.81 |
| Operating Income | 267.53 |
| Total Operating Income As Reported | 264.68 |
| EBITDA | 402.84 |
| Normalized EBITDA | 405.69 |
| EBIT | 255.67 |
| Interest Expense | 45.33 |
| Net Interest Income | -45.33 |
| Other Non Operating Income Expenses | -9.01 |
| Other Income Expense | -11.86 |
| Interest Expense Non Operating | 45.33 |
| Net Non Operating Interest Income Expense | -45.33 |
| Pretax Income | 210.34 |
| Tax Provision | 32.89 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.45 |
| Net Income Continuous Operations | 177.45 |
| Net Income From Continuing And Discontinued Operation | 177.45 |
| Net Income From Continuing Operation Net Minority Interest | 177.45 |
| Net Income | 177.45 |
| Net Income Common Stockholders | 177.45 |
| Net Income Including Noncontrolling Interests | 177.45 |
| Normalized Income | 179.85 |
| Diluted NI Availto Com Stockholders | 177.45 |
| Basic Average Shares | 102.60 |
| Reconciled Depreciation | 147.17 |
| Reconciled Cost Of Revenue | 2,185.04 |
| Total Unusual Items | -2.85 |
| Total Unusual Items Excluding Goodwill | -2.85 |
| Net Income Discontinuous Operations | - |
| Special Income Charges | -2.85 |
| Gain On Sale Of Business | 0 |
| Other Special Charges | - |
| Impairment Of Capital Assets | 0 |
| Restructuring And Mergern Acquisition | 2.85 |
| Depreciation Amortization Depletion Income Statement | 27.55 |
| Depreciation And Amortization In Income Statement | 27.55 |
| General And Administrative Expense | 192.15 |
| Other Gand A | 192.15 |
| Gain On Sale Of Ppe | - |
| Selling And Marketing Expense | 85.46 |
| Amortization | 27.55 |
| Amortization Of Intangibles Income Statement | 27.55 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| TTM Technologies, Inc.this co. | TTMI | $19.2B | 108.18↑ premium | 10.89 | 10.1% | 48.96 |
| Fabrinet | FN | $25.6B | 77.02 | 12.92 | 16.8% | 60.40 |
| IonQ, Inc. | IONQ | $24.5B | -48.02 | 6.45 | -13.4% | -42.61 |
| Nextpower Inc. | NXT | $22.9B | 39.05 | 9.80 | 25.1% | 29.35 |
| DigitalOcean Holdings, Inc. | DOCN | $18.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| 72.66 |
| -656.60 |
| -903.7% |
| 55.75 |
| SiTime Corporation | SITM | $18.7B | -434.98 | 16.14 | -3.7% | -922.21 |
| Rambus Inc. | RMBS | $18.3B | 79.46 | 13.42 | 16.9% | 55.81 |
| Applied Optoelectronics, Inc. | AAOI | $16.3B | -425.88 | 22.18 | -5.2% | -1052.31 |
| Vicor Corporation | VICR | $14.0B | 117.69 | 19.61 | 16.7% | 132.12 |
| Peer Median | - | 55.85 | 13.17 | 6.5% | 42.55 | |