TTM Technologies Inc income statement
In fiscal 2025, TTM Technologies Inc reported revenue of $2.91bn, up 19.0% on the year before, operating income of $265m (a 9.1% margin) and net income of $177m, or $1.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Jan 2017 | 2017Jan 2018 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Jan 2022 | 2022Jan 2023 | 2023Jan 2024 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 582 | 1,180 | 1,429 | 1,349 | 1,368 | 1,326 | 2,095 | 2,533 | 2,659 | 2,238 | 2,133 | 2,105 | 2,249 | 2,495 | 2,233 | 2,443 | 2,906 | 3,828 |
| Cost of revenue | — | — | — | — | — | — | — | 2,110 | 2,229 | 1,835 | 1,756 | 1,746 | 1,877 | 2,037 | 1,819 | 1,965 | 2,305 | 2,977 |
| Gross profit | 103 | 254 | 301 | 225 | 218 | 195 | 310 | 424 | 430 | 403 | 377 | 359 | 372 | 458 | 413 | 477 | 602 | 851 |
| Research and development | — | — | — | — | — | — | — | — | — | 14 | 18 | 20 | 18 | 25 | 27 | 32 | 29 | 32 |
| Selling and marketing | 27 | 34 | 37 | 36 | 37 | 37 | 57 | 66 | 66 | 70 | 69 | 64 | 63 | 75 | 77 | 80 | 85 | 97 |
| General and administrative | 37 | 80 | 93 | 98 | 106 | 101 | 168 | 147 | 126 | 138 | 129 | 122 | 125 | 158 | 150 | 170 | 192 | 268 |
| Operating income | 18 | 126 | 91 | −142 | 69 | 47 | 61 | 173 | 213 | 119 | 110 | 28 | 126 | 210 | 42 | 116 | 265 | 425 |
| Interest expense | 11 | 22 | 27 | 26 | 24 | 24 | 60 | 76 | 54 | 76 | 82 | 73 | 45 | 46 | 48 | 48 | 45 | 46 |
| Provision for credit losses | — | — | 0 | 1 | −0 | 0 | 1 | 2 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 8 | 109 | 73 | −168 | 40 | 22 | 9 | 67 | 140 | 47 | 34 | −46 | 70 | 183 | 0 | 84 | 210 | 343 |
| Income tax | 3 | 29 | 26 | 13 | 16 | 8 | 35 | 31 | 15 | −88 | 2 | −30 | 16 | 88 | 19 | 28 | 33 | 75 |
| Net income | 5 | 72 | 42 | −175 | 22 | 15 | −26 | 35 | 124 | 174 | 41 | 178 | 54 | 95 | −19 | 56 | 177 | 269 |
| Diluted EPS | $0.11 | $1.01 | $0.51 | −$2.13 | $0.26 | $0.18 | −$0.28 | $0.34 | $1.04 | $1.38 | $0.39 | $1.67 | $0.50 | $0.91 | −$0.18 | $0.54 | $1.68 | $2.50 |
| Diluted shares (average) | 44m | 71m | 82m | 82m | 83m | 84m | 93m | 101m | 132m | 134m | 106m | 106m | 108m | 104m | 103m | 104m | 105m | 107m |
| EBITDA | 38 | 174 | 161 | −58 | 161 | 142 | 195 | 330 | 364 | 210 | 203 | 128 | 212 | 302 | 141 | 221 | 375 | 547 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 651 | 649 | 731 | 753 | 774 | 846 | 1,004 | 1,204 |
| Cost of revenue | 524 | 518 | 583 | 596 | 608 | 665 | 792 | 912 |
| Gross profit | 127 | 131 | 148 | 157 | 166 | 181 | 212 | 292 |
| Research and development | 8 | 8 | 7 | 7 | 7 | 8 | 8 | 10 |
| Selling and marketing | 20 | 21 | 21 | 22 | 21 | 25 | 25 | 25 |
| General and administrative | 45 | 44 | 50 | 49 | 50 | 69 | 62 | 88 |
| Operating income | 9 | 50 | 62 | 72 | 81 | 72 | 109 | 162 |
| Interest expense | 11 | 11 | 11 | 10 | 12 | 11 | 10 | 13 |
| Income before tax | 14 | 41 | 46 | 62 | 62 | 59 | 81 | 142 |
| Income tax | 9 | 9 | 4 | 9 | 11 | 9 | −2 | 57 |
| Net income | 5 | 32 | 42 | 53 | 51 | 50 | 83 | 85 |
| Diluted EPS | $0.05 | $0.31 | $0.40 | $0.50 | $0.47 | $0.47 | $0.77 | $0.79 |
| EBITDA | 36 | 77 | 89 | 99 | 109 | 102 | 140 | 197 |
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