TTMI Chart
About

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.

Fundamentals
Scroll to Statements
Sector Technology Industry Electronic Components Market Cap 10.25B
Enterprise Value 10.53B Income 177.45M Sales 2.91B
Book/sh 17.05 Cash/sh 4.88 Dividend Yield —
Payout 0.00% Employees 18200 IPO —
P/E 58.98 Forward P/E 22.07 PEG —
P/S 3.53 P/B 5.81 P/C —
EV/EBITDA 25.40 EV/Sales 3.62 Quick Ratio 1.60
Current Ratio 1.93 Debt/Eq 58.42 LT Debt/Eq —
EPS (ttm) 1.68 EPS next Y 4.49 EPS Growth 8.28%
Revenue Growth 19.00% Earnings 2026-04-29 ROA 4.57%
ROE 10.67% ROIC — Gross Margin 20.70%
Oper. Margin 10.46% Profit Margin 6.11% Shs Outstand 103.40M
Shs Float 101.68M Short Float 4.92% Short Ratio 0.94
Short Interest — 52W High 113.46 52W Low 15.77
Beta 1.76 Avg Volume 2.59M Volume 818.41K
Target Price $118.50 Recom None Prev Close $96.80
Price $99.08 Change 2.36%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$118.50
Mean price target
2. Current target
$99.08
Latest analyst target
3. DCF / Fair value
$-10.67
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$99.08
Low
$108.00
High
$126.00
Mean
$118.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-05 main Needham Buy → Buy $125
2026-01-22 main B. Riley Securities Buy → Buy $123
2026-01-13 main Needham Buy → Buy $105
2025-12-19 main Truist Securities Buy → Buy $91
2025-12-03 main B. Riley Securities Buy → Buy $81
2025-11-12 main Needham Buy → Buy $79
2025-10-30 main Truist Securities Buy → Buy $78
2025-10-30 main Needham Buy → Buy $77
2025-09-23 main Needham Buy → Buy $65
2025-08-15 reit Needham Buy → Buy $56
2025-07-31 main Stifel Buy → Buy $55
2025-07-31 main Needham Buy → Buy $56
2025-07-17 main B. Riley Securities Buy → Buy $50
2025-07-07 main Truist Securities Buy → Buy $48
2025-06-20 main Needham Buy → Buy $43
2025-06-16 reit Stifel Buy → Buy $40
2025-06-09 main Truist Securities Buy → Buy $41
2025-05-01 main Truist Securities Buy → Buy $36
2025-05-01 main B. Riley Securities Buy → Buy $36
2025-05-01 main Needham Buy → Buy $35
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 16800 1707216 — Sale at price 101.62 per share. EDMAN THOMAS T Director — 2026-03-02 00:00:00 D
1 20000 2118800 — Sale at price 105.94 per share. GRIDLEY CATHERINE A Officer — 2026-02-20 00:00:00 D
2 12750 1210230 — Sale at price 94.92 per share. EDMAN THOMAS T Director — 2026-02-13 00:00:00 I
3 12000 1126560 — Sale at price 93.88 per share. WEBER DANIEL J General Counsel — 2026-02-13 00:00:00 D
4 10000 951100 — Sale at price 95.11 per share. GRIDLEY CATHERINE A Officer — 2026-02-13 00:00:00 D
5 146655 — — Stock Award(Grant) at price 0.00 per share. EDMAN THOMAS T Director — 2026-02-11 00:00:00 D
6 49710 — — Stock Award(Grant) at price 0.00 per share. SODER DOUGLAS L Officer — 2026-02-11 00:00:00 D
7 17241 — — Stock Award(Grant) at price 0.00 per share. BOEHLE DANIEL L Chief Financial Officer — 2026-02-11 00:00:00 D
8 47138 — — Stock Award(Grant) at price 0.00 per share. GRIDLEY CATHERINE A Officer — 2026-02-11 00:00:00 D
9 28568 — — Stock Award(Grant) at price 0.00 per share. KNECHT DALE MARTIN Officer — 2026-02-11 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-445.17K-14.43M-14.35M10.02M
TaxRateForCalcs0.160.330.210.21
NormalizedEBITDA405.69M325.39M277.49M314.58M
TotalUnusualItems-2.85M-43.80M-68.34M47.71M
TotalUnusualItemsExcludingGoodwill-2.85M-43.80M-68.34M47.71M
NetIncomeFromContinuingOperationNetMinorityInterest177.45M56.30M-18.72M94.58M
ReconciledDepreciation147.17M150.12M160.73M133.91M
ReconciledCostOfRevenue2.19B1.85B1.71B1.94B
EBITDA402.84M281.59M209.15M362.29M
EBIT255.67M131.46M48.42M228.38M
NetInterestIncome-45.33M-47.52M-48.12M-45.52M
InterestExpense45.33M47.52M48.12M45.52M
NormalizedIncome179.85M85.67M35.27M56.89M
NetIncomeFromContinuingAndDiscontinuedOperation177.45M56.30M-18.72M94.58M
TotalExpenses2.64B2.28B2.12B2.33B
TotalOperatingIncomeAsReported264.68M116.04M42.32M210.41M
DilutedAverageShares105.45M104.10M102.74M103.87M
BasicAverageShares102.60M101.78M102.74M102.07M
DilutedEPS1.680.54-0.180.91
BasicEPS1.730.55-0.180.93
DilutedNIAvailtoComStockholders177.45M56.30M-18.72M94.58M
NetIncomeCommonStockholders177.45M56.30M-18.72M94.58M
NetIncome177.45M56.30M-18.72M94.58M
NetIncomeIncludingNoncontrollingInterests177.45M56.30M-18.72M94.58M
NetIncomeDiscontinuousOperations0.000.00
NetIncomeContinuousOperations177.45M56.30M-18.72M94.58M
TaxProvision32.89M27.65M19.02M88.28M
PretaxIncome210.34M83.95M297.00K182.86M
OtherIncomeExpense-11.86M-28.38M-62.35M65.68M
OtherNonOperatingIncomeExpenses-9.01M15.42M5.99M17.97M
SpecialIncomeCharges-2.85M-43.80M-68.34M47.71M
GainOnSaleOfPPE0.000.0051.80M0.00
GainOnSaleOfBusiness0.000.001.27M0.00
OtherSpecialCharges1.15M15.22M
ImpairmentOfCapitalAssets0.0032.60M44.10M0.00
RestructuringAndMergernAcquisition2.85M11.20M24.35M4.09M
NetNonOperatingInterestIncomeExpense-45.33M-47.52M-48.12M-45.52M
InterestExpenseNonOperating45.33M47.52M48.12M45.52M
OperatingIncome267.53M159.84M110.77M162.70M
OperatingExpense334.15M317.53M302.50M295.27M
DepreciationAmortizationDepletionIncomeStatement27.55M35.55M48.67M37.10M
DepreciationAndAmortizationInIncomeStatement27.55M35.55M48.67M37.10M
Amortization27.55M35.55M48.67M37.10M
AmortizationOfIntangiblesIncomeStatement27.55M35.55M48.67M37.10M
ResearchAndDevelopment28.99M31.84M27.27M24.81M
SellingGeneralAndAdministration277.61M250.14M226.55M233.36M
SellingAndMarketingExpense85.46M80.03M76.92M75.18M
GeneralAndAdministrativeExpense192.15M170.11M149.63M158.18M
OtherGandA192.15M170.11M149.63M158.18M
GrossProfit601.69M477.38M413.27M457.96M
CostOfRevenue2.30B1.97B1.82B2.04B
TotalRevenue2.91B2.44B2.23B2.50B
OperatingRevenue2.91B2.44B2.23B2.50B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber11.82M11.16M9.17M7.37M
OrdinarySharesNumber103.38M102.00M102.11M102.23M
ShareIssued115.20M113.16M111.28M109.60M
NetDebt414.92M414.22M467.63M526.66M
TotalDebt1.03B1.02B1.02B962.60M
TangibleBookValue937.20M701.87M571.59M487.11M
InvestedCapital2.68B2.48B2.43B2.46B
WorkingCapital893.21M797.69M725.70M731.73M
NetTangibleAssets937.20M701.87M571.59M487.11M
CapitalLeaseObligations112.26M97.05M102.02M33.20M
CommonStockEquity1.76B1.56B1.51B1.54B
TotalCapitalization2.67B2.48B2.43B2.41B
TotalEquityGrossMinorityInterest1.76B1.56B1.51B1.54B
StockholdersEquity1.76B1.56B1.51B1.54B
GainsLossesNotAffectingRetainedEarnings-30.93M-27.88M-29.07M-24.79M
OtherEquityAdjustments-30.93M-27.88M-29.07M-24.79M
TreasuryStock174.74M157.57M123.09M98.66M
RetainedEarnings1.02B838.42M782.12M800.84M
AdditionalPaidInCapital951.94M910.74M880.96M858.08M
CapitalStock115.00K113.00K111.00K110.00K
CommonStock115.00K113.00K111.00K110.00K
TotalLiabilitiesNetMinorityInterest2.08B1.91B1.81B1.79B
TotalNonCurrentLiabilitiesNetMinorityInterest1.12B1.10B1.11B1.03B
OtherNonCurrentLiabilities30.39M26.01M26.66M25.98M
DerivativeProductLiabilities1.48M0.000.00
EmployeeBenefits836.00K2.47M5.28M
NonCurrentPensionAndOtherPostretirementBenefitPlans836.00K2.47M5.28M
NonCurrentDeferredLiabilities69.80M69.75M74.06M93.02M
NonCurrentDeferredRevenue23.46M28.39M29.82M38.75M
NonCurrentDeferredTaxesLiabilities46.33M41.36M44.24M54.27M
LongTermDebtAndCapitalLeaseObligation1.02B1.00B1.01B905.24M
LongTermCapitalLeaseObligation103.35M89.49M93.58M25.83M
LongTermDebt912.34M914.36M914.34M879.41M
CurrentLiabilities962.20M809.05M703.98M761.33M
OtherCurrentLiabilities58.59M67.23M58.48M63.02M
CurrentDeferredLiabilities175.63M170.91M126.51M103.98M
CurrentDeferredRevenue175.63M170.91M126.51M103.98M
CurrentDebtAndCapitalLeaseObligation12.72M11.35M11.93M57.37M
CurrentCapitalLeaseObligation8.91M7.56M8.43M7.37M
CurrentDebt3.81M3.79M3.50M50.00M
OtherCurrentBorrowings3.81M3.79M3.50M50.00M
CurrentProvisions7.86M7.68M10.56M8.04M
PayablesAndAccruedExpenses707.40M551.87M496.51M528.91M
CurrentAccruedExpenses155.78M129.73M156.43M139.06M
InterestPayable8.79M9.05M9.40M9.34M
Payables551.62M422.14M340.07M389.85M
TotalTaxPayable8.08M15.92M5.47M28.06M
IncomeTaxPayable8.08M15.92M5.47M28.06M
AccountsPayable543.54M406.22M334.61M361.79M
TotalAssets3.84B3.47B3.32B3.32B
TotalNonCurrentAssets1.98B1.87B1.89B1.83B
OtherNonCurrentAssets68.24M55.59M60.58M39.01M
NonCurrentPrepaidAssets39.01M54.34M
GoodwillAndOtherIntangibleAssets825.06M861.95M939.45M1.05B
OtherIntangibleAssets154.92M191.82M236.71M288.04M
Goodwill670.13M670.13M702.74M760.44M
NetPPE1.09B948.21M893.95M743.07M
AccumulatedDepreciation-997.19M-918.88M-863.24M-825.00M
GrossPPE2.09B1.87B1.76B1.57B
ConstructionInProgress101.94M75.50M90.94M27.77M
OtherProperties80.91M78.25M86.29M18.86M
MachineryFurnitureEquipment1.20B1.13B996.68M1.00B
BuildingsAndImprovements634.78M515.77M512.15M443.35M
LandAndImprovements72.34M69.79M71.13M76.81M
Properties0.000.000.000.00
CurrentAssets1.86B1.61B1.43B1.49B
OtherCurrentAssets72.37M47.83M54.06M41.41M
PrepaidAssets41.41M30.91M
Inventory250.06M224.99M213.07M170.64M
FinishedGoods4.29M1.34M1.92M4.96M
WorkInProcess48.24M45.58M45.49M20.11M
RawMaterials197.53M178.07M165.67M145.56M
Receivables1.03B829.99M712.34M878.25M
OtherReceivables468.01M381.38M298.79M405.03M
DuefromRelatedPartiesCurrent69.24M0.00
AccountsReceivable563.74M448.61M413.56M473.23M
CashCashEquivalentsAndShortTermInvestments501.23M503.93M450.21M402.75M
CashAndCashEquivalents501.23M503.93M450.21M402.75M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-683.00K51.16M27.04M169.99M
RepurchaseOfCapitalStock-17.88M-34.48M-24.43M-35.42M
RepaymentOfDebt-3.79M-9.60M-291.57M-50.00M
IssuanceOfDebt0.008.42M284.82M50.00M
CapitalExpenditure-292.56M-185.74M-160.24M-102.88M
InterestPaidSupplementalData46.20M48.99M47.88M42.84M
IncomeTaxPaidSupplementalData37.44M18.77M53.75M4.57M
EndCashPosition501.23M503.93M450.21M402.75M
BeginningCashPosition503.93M450.21M402.75M537.68M
EffectOfExchangeRateChanges281.00K-139.00K-122.00K-1.03M
ChangesInCash-2.98M53.86M47.58M-133.90M
FinancingCashFlow-20.92M-36.82M-47.67M-11.31M
CashFlowFromContinuingFinancingActivities-20.92M-36.82M-47.67M-11.31M
NetOtherFinancingCharges513.00K-1.16M-16.49M25.00M
ProceedsFromStockOptionExercised236.00K0.000.00-887.00K
NetCommonStockIssuance-17.88M-34.48M-24.43M-35.42M
CommonStockPayments-17.88M-34.48M-24.43M-35.42M
NetIssuancePaymentsOfDebt-3.79M-1.18M-6.75M0.00
NetLongTermDebtIssuance-3.79M-1.18M-6.75M0.00
LongTermDebtPayments-3.79M-9.60M-291.57M-50.00M
LongTermDebtIssuance0.008.42M284.82M50.00M
InvestingCashFlow-273.94M-146.21M-92.03M-395.46M
CashFlowFromContinuingInvestingActivities-273.94M-146.21M-92.03M-395.46M
NetOtherInvestingChanges17.84M-76.00K-101.00K-245.00K
NetBusinessPurchaseAndSale0.000.006.04M-298.34M
SaleOfBusiness0.000.006.04M0.00
PurchaseOfBusiness0.000.00-298.34M-3.19M
NetPPEPurchaseAndSale-291.78M-146.13M-97.97M-96.87M
SaleOfPPE781.00K39.60M62.27M6.01M
PurchaseOfPPE-292.56M-185.74M-160.24M-102.88M
OperatingCashFlow291.88M236.89M187.28M272.87M
CashFlowFromContinuingOperatingActivities291.88M236.89M187.28M272.87M
ChangeInWorkingCapital-85.29M-30.33M-11.94M18.39M
ChangeInOtherWorkingCapital4.71M44.41M22.53M24.53M
ChangeInOtherCurrentLiabilities-3.69M4.94M-24.54M33.28M
ChangeInPayablesAndAccruedExpense163.01M59.31M-51.03M658.00K
ChangeInAccruedExpense24.04M9.59M-16.45M15.46M
ChangeInPayable138.97M49.72M-34.58M-14.80M
ChangeInAccountPayable138.97M49.72M-34.58M-14.80M
ChangeInPrepaidAssets-22.49M-2.69M-6.03M-15.47M
ChangeInInventory-25.07M-11.91M-45.39M-4.41M
ChangeInReceivables-201.75M-124.39M92.53M-20.20M
ChangesInAccountReceivables-115.13M-35.05M49.94M-35.74M
OtherNonCashItems7.53M143.00K1.69M-3.03M
StockBasedCompensation41.67M29.78M22.89M19.52M
AssetImpairmentCharge0.0032.60M44.10M0.00
DeferredTax3.35M-1.72M-11.35M61.30M
DeferredIncomeTax3.35M-1.72M-11.35M61.30M
DepreciationAmortizationDepletion147.17M150.12M160.73M133.91M
DepreciationAndAmortization147.17M150.12M160.73M133.91M
AmortizationCashFlow36.90M44.89M61.58M42.63M
AmortizationOfIntangibles36.90M44.89M61.58M42.63M
Depreciation110.27M105.23M99.16M91.28M
OperatingGainsLosses-116.00K-51.80M15.22M
GainLossOnSaleOfPPE0.000.00-51.80M0.00
GainLossOnSaleOfBusiness0.000.00-1.27M0.00
NetIncomeFromContinuingOperations177.45M56.30M-18.72M94.58M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for TTMI
Date User Asset Broker Type Position Size Entry Price Patterns