MKS vs Ultra Clean Holdings
MKS is the larger business, with $3.93bn of revenue in fiscal 2025 against $2.05bn for Ultra Clean Holdings (1.9 times as much). MKS grew faster (9.6% against -2.1%). MKS kept more of each dollar of sales as profit: a net margin of 7.5% against -8.8%.
| Latest fiscal year | MKSMKSI, 2025 | Ultra Clean HoldingsUCTT, 2025 |
|---|---|---|
| Revenue | $3.93bn | $2.05bn |
| Revenue growth | 9.6% | -2.1% |
| Net income | $295m | −$181m |
| Operating margin | — | -5.2% |
| Net margin | 7.5% | -8.8% |
| Return on equity | 11.7% | -22.9% |
| Free cash flow | $497m | $15.3m |
| Cash | $418m | $312m |
| Total debt | $4.20bn | $481m |
| Debt to equity | — | 67.7% |
| Dividend per share | $0.88 | — |
| Dividend yield | 0.5% | — |
| Share buybacks | $45.0m | $3.4m |
| Employees | — | 7,411 |
| Market value | $13.93bn | $2.18bn |
| Price vs our value range | Within our value range | — |
| Moat score | 66 (Moderate) | 32 (Weak) |
| Insider trades, 12 months | 0 buys, 45 sales | 0 buys, 86 sales |