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Ultra Clean Holdings, Inc., ( UCT , the Company or We ) is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, p…
$92.43
$0.17 (-0.18%)
EOD Jul 17, 2026
The business is unprofitable at the operating level (-5.23% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 2.1% YoY. Margins deteriorated 9.6pp alongside, both lines moving the wrong way.
ROIC dropped from 4.60% to -5.83%, capital efficiency is deteriorating. Net debt of $346M represents 22.6x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.07B
▼ -2.1% YoY
Net Income (TTM)
-$194M
▼ -864.6% YoY
Op. Margin
-5.26%
▼ -9.6pp YoY
ROIC
-7.56%
▼ -10.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$43M
▲ +920.0% YoY
Op. Cash Flow (TTM)
$4M
▲ +0.9% YoY
Net Debt
$457M
Cash & Equiv.
$324M
5Y CAGR: +8.0%
5Y CAGR: -24.1%
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Ultra Clean Holdings (UCTT)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Ultra Clean Holdings scores 8/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Ultra Clean Holdings scores 8 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -5.3% operating margin and a -7.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh UCTT's valuation and scores 8/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.