TTM Technologies Inc (TTMI)

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.

Symbol
TTMI
Exchange
Nasdaq
Sector
Technology
Industry
Electronic Components
Market cap
$13.43B
52 week range
51.09 - 223.83

Valuation

Share price
$125.82 (close of 2026-09-23)
P/E (TTM)
55.91x
Price to book
6.94x
Price to free cash flow
-886.99x
Enterprise value
$14.02B
Book value per share
$18.36

Price performance

PeriodChange
1 day+1.45%
5 days+11.88%
1 month+13.82%
3 months-40.98%
6 months+24.06%
Year to date+82.35%
1 year+122.53%
3 years+901.76%
5 years+909.79%
10 years+1011.49%
All time+443.97%

Profitability and growth

Return on equity
10.07%
Return on invested capital
10.12%
Return on assets
4.62%
Return on capital employed
9.20%
Gross margin
20.70%
Net margin
6.11%
EBITDA margin
12.90%
Revenue growth
18.98%
Net income growth
215.19%
Free cash flow growth
-101.34%

Cash flow and balance sheet

Free cash flow yield (TTM)
-0.11%
Current ratio
1.78x
Net debt to EBITDA
1.29x

Latest reported year

Period end
2025-12-29
Fiscal year
2025
Revenue
$2.91B
Cost of revenue
$2.30B
Gross profit
$601.69M
EBITDA
$374.96M
Net income
$177.45M
Earnings per share
$1.73
Research and development
$28.99M
Shares outstanding
102.60M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-29$2.91B$601.69M$177.45M$1.73
2024-12-30$2.44B$477.38M$56.30M$0.55
2024-01-01$2.23B$413.27M$-18.72M$-0.18
2023-01-02$2.50B$457.96M$94.58M$0.93
2022-01-03$2.25B$372.01M$54.41M$0.51
2020-12-28$2.11B$359.02M$177.53M$1.67
2019-12-30$2.13B$377.18M$41.30M$0.39
2018-12-31$2.24B$402.67M$173.58M$1.68
2018-01-01$2.66B$429.58M$124.21M$1.22
2017-01-02$2.53B$423.62M$34.86M$0.35

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-2920.70%6.11%10.07%10.12%
2024-12-3019.54%2.30%3.60%4.26%
2024-01-0118.51%-0.84%-1.24%1.12%
2023-01-0218.35%3.79%6.16%5.83%
2022-01-0316.54%2.42%3.74%5.86%
2020-12-2817.05%8.43%12.29%1.51%
2019-12-3017.68%1.94%3.23%4.47%
2018-12-3117.99%7.76%14.15%4.83%
2018-01-0116.16%4.67%12.28%12.49%
2017-01-0216.72%1.38%4.20%8.92%

Cash and debt by year

Period endCashDebt
2025-12-29$501.23M$912.34M
2024-12-30$503.93M$914.36M
2024-01-01$450.21M$914.34M
2023-01-02$402.75M$879.41M
2022-01-03$537.68M$927.82M
2020-12-28$451.56M$842.85M
2019-12-30$379.82M$1.23B
2018-12-31$256.36M$1.46B
2018-01-01$409.33M$975.48M
2017-01-02$256.28M$909.03M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-29$-683.00K$41.67M
2024-12-30$51.16M$29.78M
2024-01-01$27.04M$22.89M
2023-01-02$169.99M$19.52M
2022-01-03$94.68M$17.71M
2020-12-28$183.89M$16.07M
2019-12-30$169.36M$16.82M
2018-12-31$123.01M$20.68M
2018-01-01$181.41M$18.29M
2017-01-02$213.20M$11.09M

Investor relations

Next earnings report

Next confirmed report
2026-11-04
Consensus EPS estimate
$1.11

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$0.84
2026-04-29--
2026-02-04--
2025-10-29--
2025-07-30--
2025-04-30--
2025-02-05--
2024-10-30--

Filings and sources

Company website
ttm.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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