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TTM Technologies, Inc. TTMI R2K

Technology · Electronic Components · United States
https://www.ttm.com

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.

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$173.72
+481.78% 1Y

Market & Price

Market Cap
$18.04B
Current Price
$173.72
High / Low (52W)
$196.95 / $29.84
Beta
2.11

Valuation

Stock P/E
94.41
Industry PE
32.74
Forward P/E
32.17
PEG Ratio
0.36
Book Value
$17.05
Price to Book
10.19
P/S
5.81
EV/EBITDA
42.55
Dividend Yield
-

Profitability & Returns

ROCE
8.88%
ROE
11.40%
ROA
4.86%
Profit Margin
6.29%
Op Margin
8.60%
EPS (Latest Qtr)
$0.47
EPS (TTM)
$1.84

Balance Sheet & Liquidity

Debt/Equity
0.57
Quick Ratio
1.52
Current Ratio
1.89
Debt
$1.05B
Total Assets
$3.84B
Current Assets
$1.86B
Working Capital
$893.21M

Ownership

Promoter Holding
1.80%
Chg in Prom Hold
-
FII / Inst Holding
96.09%
Chg in FII Hold
0.07%

Financial Snapshot

Enterprise Value
$18.68B
Total Revenue (TTM)
$3.10B
EBITDA
$438.90M
Free Cash Flow
$-55.00M
Operating Cash Flow
$324.28M
Shares Outstanding
103.85M
Gross Margin
21.00%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
5.22%
Profit 5Y
23.33%
Revenue (YoY)
30.40%
Earnings (YoY)
51.60%

PROS

  • Profit CAGR of 23.3% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 94.4.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TTMI TTM Technologies, Inc. R2K 173.72 94.41 $18.04B - 8.88% 11.40% 5.22% 23.33%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Sep 2013Mar 2014Jun 2014Sep 2014Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Apr 2017Jul 2017Oct 2017Apr 2018Jul 2018Oct 2018Apr 2019Jul 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------------666.81M663.58M716.89M755.84M536.45M526.88M534.17M497.65M570.30M513.58M526.43M567.38M556.78M581.26M625.55M671.08M544.44M546.51M572.58M570.11M605.14M--648.67M730.62M752.74M774.32M845.98M
Cost of Revenue -----------------------------------517.70M582.51M596.00M608.45M664.79M
Gross Profit 48.44M38.51M38.60M49.11M51.56M61.19M89.12M83.56M97.64M109.56M105.02M95.87M96.83M88.68M116.14M129.58M98.83M92.85M85.26M81.34M100.43M89.28M81.60M99.91M93.18M90.92M117.07M128.57M86.12M98.51M113.27M103.72M117.23M--130.97M148.11M156.74M165.87M181.18M
Operating Expenses -----------------------------------80.00M84.93M84.32M84.90M108.44M
Operating Income -1.19M4.45M3.20M12.31M8.27M-7.06M23.60M18.90M34.68M50.23M52.57M45.06M44.09M30.00M31.73M54.55M30.12M28.99M21.13M16.18M23.00M-40.25M19.80M40.89M32.23M25.87M37.20M49.78M-3.47M21.41M-10.20M17.07M38.99M--50.97M63.18M72.42M80.97M72.75M
EBITDA -----------------------------------88.54M93.54M109.02M111.75M107.64M
Interest Expense -----------------------------------11.46M11.10M10.40M12.38M10.60M
Pretax Income -----------------------------------40.99M45.52M61.81M62.01M58.52M
Tax Provision -----------------------------------8.81M4.00M8.76M11.32M8.54M
Net Income -7.71M-3.80M-3.10M7.66M3.45M-36.61M-2.24M-7.26M18.55M25.58M32.96M20.59M21.45M10.10M84.00M27.00M-3.25M3.42M15.87M-1.17M181.20M-41.45M-3.19M28.26M20.96M17.25M27.79M43.53M-5.81M6.82M-37.07M10.47M26.35M--32.18M41.53M53.05M50.69M49.99M
Diluted EPS -0.09-0.05-0.040.090.04-0.41-0.02-0.070.170.230.280.180.190.090.650.22-0.030.030.15-0.011.69-0.39-0.030.260.190.170.270.42-0.060.07-0.360.100.25--0.310.400.500.480.47
R&D Expense ----------------4.72M4.50M4.36M4.76M5.18M5.22M4.47M4.18M4.42M5.55M5.23M7.32M7.08M6.42M6.17M7.32M8.55M8.05M-8.06M7.01M7.04M-7.81M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Jan 2017Jan 2018Dec 2018Dec 2019Dec 2020Dec 2021Jan 2022Dec 2022Jan 2023Dec 2023Jan 2024Dec 2024Dec 2025
Revenue -------2.53B2.66B2.24B2.13B2.11B-2.25B2.50B2.50B2.23B2.23B2.44B2.91B
Cost of Revenue --------------2.04B-1.82B-1.97B2.30B
Gross Profit 103.21M254.41M301.31M225.00M217.84M194.69M310.14M423.62M429.58M402.67M377.18M359.02M-372.01M457.96M457.96M413.27M413.27M477.38M601.69M
Operating Expenses --------------295.27M-302.50M-317.53M334.15M
Operating Income 18.45M125.56M91.12M-142.02M69.13M46.54M61.34M173.45M212.76M118.97M109.63M28.09M-125.99M162.70M210.41M110.77M42.32M159.84M267.53M
EBITDA --------------362.29M-209.15M-281.59M402.84M
Interest Expense --------------45.52M-48.12M-47.52M45.33M
Pretax Income --------------182.86M-297.00K-83.95M210.34M
Tax Provision --------------88.28M-19.02M-27.65M32.89M
Net Income 4.86M71.53M41.87M-174.59M21.88M14.69M-25.88M34.86M124.21M173.58M41.30M177.53M-54.41M94.58M94.58M-18.72M-18.72M56.30M177.45M
Diluted EPS 0.111.010.51-2.130.260.18-0.280.341.041.380.391.67-0.500.910.91-0.18-0.180.541.68
R&D Expense ---------13.72M17.94M19.77M-18.15M-24.81M-27.27M31.84M28.99M

Compounded Sales Growth

5 Years:5.22%
1 Year:30.40%

Compounded Profit Growth

5 Years:23.33%
1 Year:51.60%

Stock Price Performance

1 Year:+481.78%
6 Months:+153.57%
3 Months:+66.65%
1 Month:+26.34%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Jan 2017Jan 2018Dec 2018Dec 2019Dec 2020Dec 2021Jan 2022Dec 2022Jan 2023Dec 2023Jan 2024Dec 2024Dec 2025
Total Assets -543.06M1.76B1.75B1.68B1.67B1.60B2.64B2.50B2.78B3.46B3.56B2.90B-3.03B3.32B3.32B3.32B3.32B3.47B3.84B
Current Assets ---------------1.49B-1.43B-1.61B1.86B
Cash & Equivalents 148.47M94.35M216.08M196.05M285.43M330.55M279.04M259.10M256.28M409.33M256.36M379.82M451.56M-537.68M402.75M402.75M450.21M450.21M503.93M501.23M
Inventory ---------------170.64M-213.07M-224.99M250.06M
Receivables ---------------473.23M-413.56M-448.61M563.74M
Total Liabilities ---------------1.79B-1.81B-1.91B2.08B
Current Liabilities --418.20M437.14M369.88M458.00M496.01M744.99M689.07M720.36M673.21M946.67M518.05M-558.15M761.33M761.33M703.98M703.98M809.05M962.20M
Long Term Debt --313.00M217.37M--374.64M1.01B909.03M975.48M1.46B1.23B842.85M-927.82M879.41M879.41M914.34M914.34M914.36M912.34M
Total Debt ---------------962.60M-1.02B-1.02B1.03B
Total Equity --728.25M808.92M653.95M705.29M715.46M819.11M820.85M1.01B1.23B1.28B1.44B-1.46B1.54B1.54B1.51B1.51B1.56B1.76B
Shares Outstanding ---------------109.60M-111.28M-113.16M115.20M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Jan 2017Jan 2018Dec 2018Dec 2019Dec 2020Dec 2021Jan 2022Dec 2022Jan 2023Dec 2023Jan 2024Dec 2024Dec 2025
Operating Cash Flow 73.98M125.82M179.34M182.56M71.39M--298.34M332.75M273.14M311.94M287.18M-176.63M272.87M272.87M187.28M187.28M236.89M291.88M
Investing Cash Flow -128.50M32.96M-140.62M-136.44M-35.69M---77.97M-124.09M-746.19M-135.97M404.29M--84.14M-395.46M-395.46M-92.03M-92.03M-146.21M-273.94M
Financing Cash Flow 440.00K-35.37M-55.22M45.07M12.98M---217.11M-58.98M321.06M-31.81M-642.31M--7.23M-11.31M-11.31M-47.67M-47.67M-36.82M-20.92M
Capital Expenditure -11.51M-68.49M-142.75M-139.55M-103.35M-109.62M-99.92M-85.14M-151.34M-150.13M-142.58M-103.29M--81.95M-102.88M-102.88M-160.24M-160.24M-185.74M-292.56M
Free Cash Flow 62.47M57.33M36.59M43.02M-31.96M--213.20M181.41M123.01M169.36M183.89M-94.68M169.99M169.99M27.04M27.04M51.16M-683.00K
Net Change in Cash ---------------133.90M-47.58M-53.86M-2.98M
Share Buybacks -------------64.73M-35.42M-24.43M34.48M17.88M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Jan 2017Jan 2018Dec 2018Dec 2019Dec 2020Dec 2021Jan 2022Dec 2022Jan 2023Dec 2023Jan 2024Dec 2024Dec 2025
Gross Margin % -------16.7%16.2%18.0%17.7%17.1%-16.5%18.4%18.4%18.5%18.5%19.5%20.7%
Operating Margin % -------6.8%8.0%5.3%5.1%1.3%-5.6%6.5%8.4%5.0%1.9%6.5%9.2%
Net Margin % -------1.4%4.7%7.8%1.9%8.4%-2.4%3.8%3.8%-0.8%-0.8%2.3%6.1%
ROE % -9.8%5.2%-26.7%3.1%2.1%-3.2%4.2%12.3%14.1%3.2%12.3%-3.7%6.2%6.2%-1.2%-1.2%3.6%10.1%
ROCE % -9.3%6.9%-10.9%5.7%4.2%3.2%9.6%10.3%4.3%4.2%1.2%-5.1%6.3%8.2%4.2%1.6%6.0%9.3%

Shareholding Pattern

Insiders
1.80%
Institutions
96.09%
Public Float
97.84%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 13.13% 13.64M $2.37B
2 Vanguard Portfolio Management LLC 6.16% 6.40M $1.11B
3 Invesco Ltd. 4.99% 5.18M $899.79M
4 Vanguard Capital Management LLC 4.30% 4.46M $775.41M
5 Dimensional Fund Advisors LP 4.15% 4.31M $748.92M
6 State Street Corporation 3.67% 3.81M $662.53M
7 Whale Rock Capital Management LLC 3.38% 3.51M $610.55M
8 Geode Capital Management, LLC 3.04% 3.16M $548.29M
9 Polar Capital Holdings PLC 2.82% 2.92M $508.01M
10 FMR, LLC 2.41% 2.51M $435.56M

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