Estados financieros detallados de Ultra Clean Holdings, Inc. (UCTT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Ultra Clean Holdings, Inc. registró ingresos de $2.05B en el último ejercicio fiscal, con un CAGR de 5 años del 8.0%.
Márgenes de los últimos 12 meses: margen bruto 15.8%, margen operativo 2.8%, margen neto -1.1%. El flujo de caja libre creció a un CAGR del -24.1% en 5 años.
Al precio actual de $66.53, UCTT presenta beneficios negativos (P/E no significativo) y un ROE del -3.48%. La capitalización bursátil es de $3.0B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $562.8M | $924.4M | $1.10B | $1.07B | $1.40B | $2.10B | $2.37B | $1.73B | $2.10B | $2.05B |
| Coste de Ventas | $476.0M | $756.7M | $920.7M | $869.4M | $1.11B | $1.67B | $1.91B | $1.46B | $1.74B | $1.73B |
| Beneficio Bruto | $86.8M | $167.6M | $175.8M | $196.8M | $291.8M | $430.0M | $465.0M | $277.3M | $356.3M | $322.9M |
| I+D | $9.9M | $11.7M | $13.3M | $14.6M | $14.8M | $24.5M | $28.5M | $28.3M | $28.3M | $32.0M |
| Generales y Administrativos | $54.5M | $66.6M | $101.8M | $152.3M | $155.6M | $219.8M | $238.7M | $209.1M | $236.8M | $247.2M |
| Gastos Operativos | $64.4M | $78.2M | $115.1M | $166.9M | $170.4M | $244.3M | $344.6M | $242.1M | $265.1M | $279.2M |
| Beneficio Operativo | $22.4M | $89.4M | $60.7M | $29.9M | $121.4M | $185.7M | $120.4M | $35.2M | $91.2M | $43.7M |
| EBITDA | $34.1M | $89.4M | $81.8M | $69.5M | $166.2M | $246.0M | $190.6M | $99.2M | $189.8M | -$31.4M |
| Gastos por Intereses | 0 | $2.2M | $10.0M | $25.6M | $16.9M | $24.2M | $33.9M | $48.8M | $46.5M | $38.3M |
| Beneficio Antes de Impuestos | $18.9M | $86.9M | $52.3M | $2.3M | $99.7M | $154.3M | $88.3M | -$11.3M | $67.2M | -$145.7M |
| Impuestos | $8.9M | $11.9M | $15.3M | $10.0M | $19.3M | $27.9M | $37.9M | $10.9M | $32.7M | $25.9M |
| Beneficio Neto | $10.1M | $75.1M | $36.6M | -$9.4M | $77.6M | $119.5M | $40.4M | -$31.1M | $23.7M | -$181.2M |
| BPA | $0.31 | $2.25 | $0.95 | $-0.19 | $1.93 | $2.75 | $0.89 | $-0.70 | $0.53 | $-4.00 |
| BPA Diluido | $0.30 | $2.19 | $0.94 | $-0.19 | $1.89 | $2.69 | $0.88 | $-0.70 | $0.52 | $-4.00 |
| Acciones en Circulación (Diluidas) | $33.1M | $34.3M | $38.9M | $39.5M | $41.1M | $44.4M | $45.7M | $44.7M | $45.3M | $45.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $510.0M | $506.7M | $533.7M | $644.9M |
| Beneficio Bruto | $82.2M | $77.3M | $84.4M | $103.7M |
| Beneficio Operativo | $10.6M | $10.9M | $11.4M | $29.5M |
| EBITDA | $29.5M | $29.7M | $30.7M | $31.1M |
| Beneficio Neto | -$10.9M | -$3.3M | -$17.9M | $8.7M |
| BPA | $-0.24 | $-0.07 | $-0.40 | $0.19 |
| BPA Diluido | $-0.24 | $-0.07 | $-0.40 | $0.19 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $52.5M | $68.3M | $144.1M | $162.5M | $200.3M | $466.5M | $358.8M | $307.0M | $313.9M | $311.8M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $74.7M | $90.2M | $107.0M | $112.7M | $145.5M | $250.1M | $253.7M | $180.8M | $241.1M | $208.8M |
| Inventario | $103.9M | $231.8M | $186.1M | $172.4M | $180.4M | $379.2M | $443.9M | $374.5M | $381.0M | $390.9M |
| Activos Corrientes | $237.4M | $402.4M | $459.4M | $467.0M | $545.1M | $1.14B | $1.10B | $893.2M | $970.1M | $959.7M |
| Inmovilizado Material | $18.9M | $32.2M | $142.9M | $180.2M | $197.0M | $325.7M | $378.6M | $480.0M | $486.9M | $481.8M |
| Fondo de Comercio | $85.2M | $85.2M | $155.5M | $171.1M | $171.1M | $270.0M | $248.8M | $265.2M | $265.3M | $114.2M |
| Activos Intangibles | $37.0M | $31.6M | $193.7M | $180.3M | $160.5M | $245.7M | $187.9M | $215.3M | $184.9M | $156.8M |
| Activos Totales | $380.7M | $558.3M | $961.9M | $1.02B | $1.10B | $2.03B | $1.96B | $1.87B | $1.92B | $1.73B |
| Cuentas por Pagar | $71.2M | $173.5M | $99.0M | $133.1M | $121.3M | $332.9M | $253.5M | $192.9M | $212.5M | $194.9M |
| Deuda a Corto | $16.8M | $12.4M | $9.7M | $8.8M | $7.4M | $22.1M | $20.8M | $17.6M | $16.0M | $30.1M |
| Pasivos Corrientes | $101.1M | $202.3M | $142.2M | $210.6M | $201.3M | $469.1M | $389.2M | $310.0M | $335.6M | $300.7M |
| Deuda a Largo | $50.9M | $39.9M | $331.5M | $283.4M | $261.6M | $529.9M | $493.0M | $461.2M | $476.5M | $623.6M |
| Pasivos Totales | $164.6M | $258.0M | $510.3M | $566.8M | $551.3M | $1.13B | $1.02B | $970.5M | $984.1M | $944.9M |
| Reservas | $38.0M | $113.1M | $149.7M | $140.3M | $218.0M | $337.4M | $377.8M | $346.7M | $370.4M | $189.2M |
| Patrimonio Neto | $216.1M | $300.3M | $436.0M | $436.7M | $532.6M | $848.9M | $887.9M | $838.9M | $873.6M | $711.0M |
| Deuda Total | $67.8M | $52.3M | $341.2M | $334.2M | $311.8M | $635.2M | $611.2M | $639.9M | $660.3M | $810.3M |
| Deuda Neta | $15.3M | -$16.0M | $197.1M | $171.7M | $111.5M | $168.8M | $252.4M | $332.9M | $346.4M | $498.5M |
| Capital Circulante | $136.4M | $200.1M | $317.1M | $256.4M | $343.8M | $668.0M | $709.6M | $583.2M | $634.5M | $659.0M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $314.1M | $311.8M | $323.5M | $255.9M |
| Activos Totales | $1.72B | $1.73B | $1.86B | $1.92B |
| Pasivos Totales | $939.2M | $944.9M | $1.15B | $1.20B |
| Patrimonio Neto | $709.9M | $711.0M | $627.9M | $639.8M |
| Deuda Total | $650.1M | $810.3M | $780.4M | $775.9M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $10.1M | $75.1M | $36.9M | -$7.6M | $80.4M | $126.4M | $50.4M | -$31.1M | $34.5M | -$171.6M |
| Amortizaciones | $11.7M | $10.7M | $21.9M | $43.4M | $46.6M | $67.5M | $72.3M | $61.7M | $76.1M | $76.0M |
| Compensación en Acciones | $5.7M | $7.8M | $10.3M | $12.1M | $12.7M | $15.8M | $19.1M | $12.1M | $17.4M | $19.2M |
| Cambio en Capital Circulante | -$16.0M | -$40.8M | -$23.4M | $72.0M | -$48.1M | -$3.6M | -$172.6M | $92.0M | -$35.0M | -$9.7M |
| Flujo de Caja Operativo | $17.6M | $48.9M | $45.4M | $121.0M | $97.3M | $211.6M | $47.2M | $135.9M | $65.0M | $65.6M |
| Inversiones (CapEx) | -$7.3M | -$16.1M | -$29.5M | -$26.3M | -$36.4M | -$59.3M | -$100.1M | -$75.8M | -$63.5M | -$50.3M |
| Adquisiciones | 0 | 0 | -$319.8M | -$29.9M | $6.6M | -$342.8M | $3.4M | -$46.1M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$12.1M | -$29.4M | 0 | -$3.4M |
| Dividendos Pagados | 0 | 0 | 0 | -$600000 | 0 | 0 | -$300000 | -$200000 | -$500000 | -$100000 |
| Flujo de Caja Libre | $10.3M | $32.8M | $15.9M | $94.7M | $60.9M | $152.3M | -$52.9M | $60.1M | $1.5M | $15.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $100000 | $8.1M | -$33.3M | -$41.1M |
| Inversiones (CapEx) | -$11.0M | -$10.1M | -$9.6M | -$16.2M |
| Flujo de Caja Libre | -$10.9M | -$2.0M | -$42.9M | -$57.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $4.4M | $4.8M | $3.2M | $6.4M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +64.3% | +18.6% | -2.8% | +31.2% | +50.3% | +13.0% | -26.9% | +20.9% | -2.1% |
| Crecimiento Beneficio Neto (anual) | | +647.0% | -51.3% | -125.7% | +925.5% | +54.0% | -66.2% | -177.0% | +176.2% | -864.6% |
| Crecimiento BPA (anual) | | +625.8% | -57.8% | -120.0% | +1115.8% | +42.5% | -67.6% | -178.7% | +175.7% | -854.7% |
| Cambio en Acciones (anual) | | +3.5% | +13.5% | +1.5% | +4.1% | +8.0% | +2.9% | -2.2% | +1.3% | +0.0% |
| Crecimiento FCF (anual) | | +218.1% | -51.5% | +495.5% | -35.7% | +150.3% | -134.7% | +213.6% | -97.5% | +920.0% |
| Margen Bruto | 15.4% | 18.1% | 16.0% | 18.5% | 20.9% | 20.5% | 19.6% | 16.0% | 17.0% | 15.7% |
| Margen Operativo | 4.0% | 9.7% | 5.5% | 2.8% | 8.7% | 8.8% | 5.1% | 2.0% | 4.3% | 2.1% |
| Margen EBITDA | 6.1% | 9.7% | 7.5% | 6.5% | 11.9% | 11.7% | 8.0% | 5.7% | 9.0% | -1.5% |
| Margen Neto | 1.8% | 8.1% | 3.3% | -0.9% | 5.5% | 5.7% | 1.7% | -1.8% | 1.1% | -8.8% |
| Margen FCF | 1.8% | 3.5% | 1.4% | 8.9% | 4.4% | 7.2% | -2.2% | 3.5% | 0.1% | 0.7% |
| Tasa Impositiva Efectiva | 47.0% | 13.6% | 29.3% | 434.8% | 19.3% | 18.1% | 42.9% | -96.5% | 48.7% | -17.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.31 | $0.95 | $0.41 | $2.40 | $1.48 | $3.43 | $-1.16 | $1.34 | $0.03 | $0.34 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.00 |
| Acciones en Circulación (Básicas) | $32.6M | $33.4M | $38.4M | $39.5M | $40.2M | $43.5M | $45.2M | $44.7M | $44.9M | $45.3M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -3.48% |
| Rentabilidad sobre capital invertido | -1.32% |
| Rentabilidad sobre activos | -1.22% |
| Margen bruto | 15.83% |
| Margen operativo | 2.84% |
| Margen neto | -1.07% |
Salud financiera
| Deuda / Patrimonio | 1.21 |
| Ratio corriente | 2.73 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 2.63 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 31.29 | 10.26 | 8.92 | -123.53 | 16.14 | 20.86 | 37.25 | -48.77 | 68.92 | -6.51 |
| P/VC | 1.46 | 2.57 | 0.75 | 2.12 | 2.35 | 2.94 | 1.69 | 1.82 | 1.88 | 1.66 |
| P/V | 0.56 | 0.83 | 0.30 | 0.87 | 0.90 | 1.19 | 0.63 | 0.88 | 0.78 | 0.57 |
| Margen Bruto | 15.4% | 18.1% | 16.0% | 18.5% | 20.9% | 20.5% | 19.6% | 16.0% | 17.0% | 15.7% |
| Margen Operativo | 4.0% | 9.7% | 5.5% | 2.8% | 8.7% | 8.8% | 5.1% | 2.0% | 4.3% | 2.1% |
| Margen Neto | 1.8% | 8.1% | 3.3% | -0.9% | 5.5% | 5.7% | 1.7% | -1.8% | 1.1% | -8.8% |