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Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and cleaning and analytical services for the semiconductor industry in the United States and internationally. The company offers outsourced solutions for the development, design, component sourcing and cleaning, prototyping, engineering, and manufacturing and testing of advanced systems. It also provides a range of gas delivery solutions, such as precision thermal products, valves, connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, gas lines, and component heaters, as well as complex weldments. In addition, the company offers assemblies, including gas and fluid delivery solutions, wafer transport systems, mechatronic assemblies, process modules, and sub-fab process equipment support racks; weldments and frames with exacting standards; heaters, sensors, and controllers for precise temperature control; integrated device manufacturers and OEMs validated process tool chamber parts cleaning and coating services; and tool part process optimization solutions, analytical verification of process tool chamber part cleaning effectiveness and micro contamination analysis of tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination. It primarily serves customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries. The company was founded in 1991 and is headquartered in Hayward, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $-31M | $-181M | $15M | -25.5% | -2.1% | -864.6% |
| 2024 | $2.1B | $190M | $24M | $2M | 2.7% | 20.9% | -176.2% |
| 2023 | $1.7B | $99M | $-31M | $60M | -3.7% | -26.9% | -177.0% |
| 2022 | $2.4B | $191M | $40M | $-53M | 4.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,374.30 | 1,734.50 | 2,097.60 | 2,054 |
| Operating Revenue | - | 2,374.30 | 1,734.50 | 2,097.60 | 2,054 |
| Cost Of Revenue | - | 1,909.30 | 1,457.20 | 1,741.30 | 1,731.10 |
| Gross Profit | - | 465 | 277.30 | 356.30 | 322.90 |
| Operating Expense | - | 267.20 | 242.10 | 265.10 | 279.20 |
| Research And Development | - | 28.50 | 28.30 | 28.30 | 32 |
| Selling General And Administration | - | 238.70 | 213.80 | 236.80 | 247.20 |
| Total Expenses | - | 2,176.50 | 1,699.30 | 2,006.40 | 2,010.30 |
| Operating Income | - | 197.80 | 35.20 | 91.20 | 43.70 |
| Total Operating Income As Reported | - | 120.40 | 35.20 | 91.20 | -107.40 |
| EBITDA | - | 190.60 | 99.20 | 189.80 | -31.40 |
| Normalized EBITDA | - | 268 | 99.20 | 189.80 | 119.70 |
| EBIT | - | 122.20 | 37.50 | 113.70 | -107.40 |
| Interest Income | - | 0.90 | 4.10 | 4.80 | 3.90 |
| Interest Expense | - | 33.90 | 48.80 | 46.50 | 38.30 |
| Net Interest Income | - | -33 | -44.70 | -41.70 | -34.40 |
| Other Non Operating Income Expenses | - | 0.90 | -1.80 | 17.70 | -3.90 |
| Other Income Expense | - | -76.50 | -1.80 | 17.70 | -155 |
| Interest Income Non Operating | - | 0.90 | 4.10 | 4.80 | 3.90 |
| Interest Expense Non Operating | - | 33.90 | 48.80 | 46.50 | 38.30 |
| Net Non Operating Interest Income Expense | - | -33 | -44.70 | -41.70 | -34.40 |
| Pretax Income | - | 88.30 | -11.30 | 67.20 | -145.70 |
| Tax Provision | - | 37.90 | 10.90 | 32.70 | 25.90 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -16.25 | 0 | 0 | -31.73 |
| Net Income Continuous Operations | - | 50.40 | -22.20 | 34.50 | -171.60 |
| Net Income From Continuing And Discontinued Operation | - | 40.40 | -31.10 | 23.70 | -181.20 |
| Net Income From Continuing Operation Net Minority Interest | - | 40.40 | -31.10 | 23.70 | -181.20 |
| Net Income | - | 40.40 | -31.10 | 23.70 | -181.20 |
| Net Income Common Stockholders | - | 40.40 | -31.10 | 23.70 | -181.20 |
| Net Income Including Noncontrolling Interests | - | 50.40 | -22.20 | 34.50 | -171.60 |
| Normalized Income | - | 101.55 | -31.10 | 23.70 | -61.83 |
| Diluted NI Availto Com Stockholders | - | 40.40 | -31.10 | 23.70 | -181.20 |
| Basic Average Shares | - | 45.20 | 44.70 | 44.90 | 45.30 |
| Diluted Average Shares | - | 45.70 | 44.70 | 45.30 | 45.30 |
| Reconciled Depreciation | - | 68.40 | 61.70 | 76.10 | 76 |
| Reconciled Cost Of Revenue | - | 1,909.30 | 1,457.20 | 1,741.30 | 1,731.10 |
| Total Unusual Items | - | -77.40 | 0 | 0 | -151.10 |
| Total Unusual Items Excluding Goodwill | - | -77.40 | 0 | 0 | -151.10 |
| Minority Interests | - | -10 | -8.90 | -10.80 | -9.60 |
| Special Income Charges | - | -77.40 | 0 | 0 | -151.10 |
| Gain On Sale Of Business | 0 | -77.40 | 0 | 0 | - |
| Impairment Of Capital Assets | - | - | 0 | 0 | 151.10 |
| General And Administrative Expense | - | 184.30 | 162 | 179.50 | 186 |
| Other Gand A | - | 184.30 | 162 | 179.50 | 186 |
| Selling And Marketing Expense | - | 54.40 | 51.80 | 57.30 | 61.20 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ultra Clean Holdings, Inc.this co. | UCTT | $4.2B | -23.18 | 5.91 | -25.5% | -144.65 |
| SolarEdge Technologies, Inc. | SEDG | $4.4B | -10.97 | 10.41 | -94.8% | -12.64 |
| ACI Worldwide, Inc. | ACIW | $4.3B | 19.00 | 2.83 | 14.9% | 10.53 |
| Impinj, Inc. | PI | $4.1B | - | 19.82 | -5.2% | 595.65 |
| Veeco Instruments Inc. | VECO | $3.9B |
| - |
| - |
| - |
| - |
| - |
| - |
| 109.79 |
| 4.39 |
| 4.0% |
| 58.12 |
| Life360, Inc. | LIF | $3.9B | 25.68 | 7.07 | 27.5% | 112.98 |
| Extreme Networks, Inc. | EXTR | $3.9B | - | 59.05 | -11.4% | 98.02 |
| Badger Meter, Inc. | BMI | $3.7B | 26.37 | 5.24 | 19.9% | 16.10 |
| Box, Inc. | BOX | $3.7B | 32.14 | -12.39 | -38.6% | 27.13 |
| Peer Median | - | 26.02 | 6.15 | -0.6% | 42.63 | |