TTM Technologies, Inc. (TTMI) Balance Sheet
TTMI balance sheet, 2025
December 31, 2025 · U.S. dollars$3.84B assets = $2.08B liabilities + $1.76B equity
Both columns are drawn to the same scale: what TTMI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TTMI financial health
Descriptive bands, not a rating. Fiscal 2025.
TTMI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.50B2016 | $3.84B2025 | +4.9%/yr | |
| Total liabilities | $1.67B2016 | $2.08B2025 | +2.5%/yr | |
| Shareholders’ equity | $829.1M2016 | $1.76B2025 | +8.7%/yr | |
| Cash & short-term investments | $256.3M2016 | $501.2M2025 | +7.7%/yr | |
| Total debt | $1.02B2016 | $1.12B2025 | +1.0%/yr | |
| Net cash (debt) | −$763.4M2016 | −$615.8M2025 | +$147.6M | |
| Working capital | $323.8M2016 | $893.2M2025 | +$569.4M | |
| Book value per share | $8.172016 | $16.712025 | +8.3%/yr | |
| Current ratio | 1.472016 | 1.932025 | +0.46 | |
| Debt / equity | 1.232016 | 0.632025 | −0.60 | |
| Shares outstanding | 101.5M2016 | 105.5M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TTMI assets
TTMI liabilities and equity
TTMI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TTMI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $501.2M | $503.9M | $450.2M | $402.7M | $537.7M | $451.6M | $400.2M | $256.4M | $409.3M | $256.3M |
| Cash & equivalents | $501.2M | $503.9M | $450.2M | $402.7M | $537.7M | $451.6M | $400.2M | $256.4M | $409.3M | $256.3M |
| Short-term investments | — | — | $3.3M | — | — | — | $1,000 | — | $107,000 | $0 |
| Receivables | $1.03B | $830.0M | $712.3M | $878.3M | $711.2M | $654.4M | $758.2M | $810.9M | $483.9M | $432.8M |
| Inventory | $250.1M | $225.0M | $213.1M | $170.6M | $127.6M | $115.7M | $122.0M | $109.4M | $294.6M | $269.2M |
| Other current assets | $72.4M | $47.8M | $54.1M | $41.4M | $30.9M | $0 | $62.3M | $30.3M | $33.5M | $54.6M |
| Total current assets | $1.86B | $1.61B | $1.43B | $1.49B | $1.41B | $1.22B | $1.34B | $1.21B | $1.22B | $1.01B |
| Property, plant & equipment (net) | $1.01B | $948.2M | $894.0M | $743.1M | $686.6M | $674.8M | $1.05B | $1.05B | $1.06B | $966.6M |
| Goodwill & intangible assets | $825.1M | $862.0M | $939.4M | $1.05B | $877.2M | $918.6M | $1.11B | $1.14B | $475.5M | $499.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $149.2M | $55.6M | $60.6M | $39.0M | $54.3M | $81.0M | $64.4M | $55.6M | $28.2M | $21.4M |
| Total assets | $3.84B | $3.47B | $3.32B | $3.32B | $3.03B | $2.90B | $3.56B | $3.46B | $2.78B | $2.50B |
| Liabilities | ||||||||||
| Accounts payable | $543.5M | $406.2M | $334.6M | $361.8M | $361.5M | $327.1M | $329.9M | $431.3M | $439.0M | $371.6M |
| Short-term debt | $13.8M | $11.4M | $11.9M | $57.4M | $11.4M | $4.3M | $257.1M | $30.0M | $4.6M | $110.7M |
| Deferred revenue | $175.6M | $170.9M | $126.5M | $104.0M | $14.2M | $4.3M | $3.8M | $3.2M | $3.2M | −$466.4M |
| Total current liabilities | $962.2M | $809.1M | $704.0M | $761.3M | $558.1M | $518.0M | $946.7M | $673.2M | $720.4M | $689.1M |
| Long-term debt | $912.3M | $914.4M | $914.3M | $879.4M | $927.8M | $842.9M | $1.23B | $1.46B | $975.5M | $909.0M |
| Lease obligations | $112.3M | $97.0M | $102.0M | $33.2M | $36.6M | $17.2M | $16.5M | — | — | — |
| Other long-term liabilities | $203.5M | $185.3M | $194.3M | $147.3M | $84.2M | $91.0M | $109.3M | $94.8M | $74.7M | $72.9M |
| Total liabilities | $2.08B | $1.91B | $1.81B | $1.79B | $1.57B | $1.45B | $2.28B | $2.23B | $1.77B | $1.67B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $115,000 | $113,000 | $111,000 | $110,000 | $108,000 | $107,000 | $106,000 | $104,000 | $102,000 | $100,000 |
| Retained earnings (deficit) | $1.02B | $838.4M | $782.1M | $800.8M | $706.3M | $651.8M | $474.3M | $433.0M | $193.3M | $74.8M |
| Treasury stock | — | — | — | — | — | — | — | — | — | $0 |
| Accumulated other comprehensive income | −$30.9M | −$27.9M | −$29.1M | −$24.8M | −$27.3M | −$38.9M | −$10.1M | −$3.9M | $40.9M | −$12.5M |
| Minority interest | — | — | — | — | — | — | — | — | — | $8.3M |
| Total shareholders' equity | $1.76B | $1.56B | $1.51B | $1.54B | $1.46B | $1.44B | $1.28B | $1.23B | $1.01B | $829.1M |
| Key figures | ||||||||||
| Total debt | $1.12B | $1.02B | $1.02B | $962.6M | $964.4M | $847.1M | $1.49B | $1.49B | $980.1M | $1.02B |
| Net cash (debt) | −$615.8M | −$511.3M | −$569.6M | −$559.9M | −$426.8M | −$395.5M | −$1.09B | −$1.24B | −$570.7M | −$763.4M |
| Working capital | $893.2M | $797.7M | $725.7M | $731.7M | $849.3M | $703.5M | $396.0M | $533.7M | $501.0M | $323.8M |
| Tangible book value | $937.2M | $701.9M | $571.6M | $487.1M | $578.2M | $525.4M | $172.2M | $84.1M | $535.9M | $329.9M |
| Book value per share | $16.71 | $15.06 | $14.71 | $14.78 | $13.46 | $13.58 | $12.03 | $9.15 | $7.63 | $8.17 |
| Shares outstanding | 105.5M | 103.8M | 102.7M | 103.9M | 108.2M | 106.4M | 106.3M | 134.0M | 132.5M | 101.5M |
| Current ratio | 1.93 | 1.99 | 2.03 | 1.96 | 2.52 | 2.36 | 1.42 | 1.79 | 1.70 | 1.47 |
| Quick ratio | 1.59 | 1.65 | 1.65 | 1.68 | 2.24 | 2.13 | 1.22 | 1.59 | 1.24 | 1.00 |
| Debt / equity | 0.63 | 0.65 | 0.67 | 0.63 | 0.66 | 0.59 | 1.17 | 1.22 | 0.97 | 1.23 |
| Equity / assets | 45.9% | 45.0% | 45.5% | 46.2% | 48.1% | 49.9% | 35.9% | 35.5% | 36.4% | 33.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $507.9M | $410.0M | $501.2M | $491.1M | $448.0M | $411.3M | $503.9M | $469.5M | $446.2M | $440.4M | $450.2M | $408.3M |
| Cash & equivalents | $507.9M | $410.0M | $501.2M | $491.1M | $448.0M | $411.3M | $503.9M | $469.5M | $446.2M | $440.4M | $450.2M | $408.3M |
| Short-term investments | — | — | — | — | — | — | — | — | $3.9M | $4.6M | $3.3M | $4.4M |
| Receivables | $720.1M | $1.13B | $1.03B | $947.1M | $920.3M | $874.4M | $830.0M | $785.6M | $740.8M | $688.1M | $712.3M | $701.7M |
| Inventory | $308.0M | $280.2M | $250.1M | $253.7M | $250.3M | $246.8M | $225.0M | $227.9M | $216.9M | $220.5M | $213.1M | $206.2M |
| Other current assets | $713.9M | $92.4M | $72.4M | $63.7M | $57.8M | $51.8M | $47.8M | $41.9M | $48.6M | $57.2M | $54.1M | $37.0M |
| Total current assets | $2.25B | $1.91B | $1.86B | $1.76B | $1.68B | $1.58B | $1.61B | $1.52B | $1.45B | $1.41B | $1.43B | $1.35B |
| Property, plant & equipment (net) | $1.29B | $1.17B | $1.01B | $1.07B | $1.00B | $966.2M | $948.2M | $938.7M | $920.1M | $909.7M | $894.0M | $897.7M |
| Goodwill & intangible assets | $806.6M | $815.8M | $825.1M | $834.3M | $843.5M | $852.7M | $862.0M | $903.8M | $913.1M | $925.7M | $939.4M | $953.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $72.6M | $82.8M | $149.2M | $57.5M | $56.0M | $51.4M | $55.6M | $51.4M | $57.5M | $57.3M | $60.6M | $62.4M |
| Total assets | $4.42B | $3.98B | $3.84B | $3.72B | $3.58B | $3.45B | $3.47B | $3.42B | $3.34B | $3.30B | $3.32B | $3.27B |
| Liabilities | ||||||||||||
| Accounts payable | $813.0M | $607.9M | $543.5M | $506.4M | $448.1M | $395.1M | $406.2M | $387.1M | $371.2M | $348.9M | $334.6M | $336.1M |
| Short-term debt | $4.0M | $14.1M | $13.8M | $12.1M | $12.1M | $11.7M | $11.4M | $11.4M | $10.8M | $11.0M | $11.9M | $11.2M |
| Deferred revenue | $186.8M | $174.5M | — | $149.4M | $162.1M | $175.4M | $170.9M | $138.4M | $128.8M | $117.4M | $126.5M | $102.2M |
| Total current liabilities | $1.26B | $1.02B | $962.2M | $905.2M | $827.8M | $764.5M | $809.1M | $763.2M | $712.1M | $671.2M | $704.0M | $688.3M |
| Long-term debt | $969.5M | $911.8M | $912.3M | $912.8M | $913.3M | $913.8M | $914.4M | $912.8M | $913.4M | $913.9M | $914.3M | $864.8M |
| Lease obligations | $129.7M | $133.6M | $112.3M | $108.8M | $110.5M | $102.0M | $97.0M | $104.5M | $96.7M | $98.5M | $102.0M | $102.9M |
| Other long-term liabilities | $247.9M | $216.0M | $203.5M | $201.0M | $199.9M | $189.2M | $185.3M | $195.7M | $188.9M | $192.6M | $194.3M | $212.3M |
| Total liabilities | $2.48B | $2.14B | $2.08B | $2.02B | $1.94B | $1.87B | $1.91B | $1.87B | $1.81B | $1.78B | $1.81B | $1.77B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $113,000 | $113,000 | $113,000 | $113,000 | $112,000 | $111,000 | $111,000 |
| Retained earnings (deficit) | $1.15B | $1.07B | $1.02B | $965.2M | $912.1M | $870.6M | $838.4M | $833.3M | $818.9M | $792.6M | $782.1M | $764.8M |
| Accumulated other comprehensive income | −$29.4M | −$29.9M | −$30.9M | −$28.7M | −$28.6M | −$27.8M | −$27.9M | −$31.3M | −$26.9M | −$26.9M | −$29.1M | −$25.3M |
| Total shareholders' equity | $1.93B | $1.84B | $1.76B | $1.70B | $1.64B | $1.59B | $1.56B | $1.55B | $1.53B | $1.52B | $1.51B | $1.50B |
| Key figures | ||||||||||||
| Total debt | $1.08B | $1.05B | $1.12B | $1.03B | $1.03B | $1.02B | $1.02B | $1.02B | $1.01B | $1.01B | $1.02B | $971.2M |
| Net cash (debt) | −$570.1M | −$639.3M | −$615.8M | −$534.3M | −$579.6M | −$608.4M | −$511.3M | −$551.2M | −$566.5M | −$574.6M | −$569.6M | −$562.8M |
| Working capital | $985.9M | $898.3M | $893.2M | $850.4M | $848.7M | $819.8M | $797.7M | $761.6M | $740.5M | $734.9M | $725.7M | $665.0M |
| Tangible book value | $1.13B | $1.02B | $937.2M | $867.2M | $793.4M | $734.3M | $701.9M | $643.3M | $615.8M | $595.4M | $571.6M | $547.9M |
| Book value per share | $17.98 | $17.16 | $16.53 | $16.08 | $15.61 | $15.18 | $14.95 | $14.90 | $14.72 | $14.61 | $14.49 | $14.50 |
| Shares outstanding | 107.6M | 107.1M | 106.6M | 105.8M | 104.9M | 104.5M | 104.6M | 103.8M | 103.9M | 104.1M | 104.3M | 103.5M |
| Current ratio | 1.78 | 1.88 | 1.93 | 1.94 | 2.03 | 2.07 | 1.99 | 2.00 | 2.04 | 2.09 | 2.03 | 1.97 |
| Quick ratio | 0.97 | 1.52 | 1.59 | 1.59 | 1.65 | 1.68 | 1.65 | 1.64 | 1.67 | 1.68 | 1.65 | 1.61 |
| Debt / equity | 0.56 | 0.57 | 0.63 | 0.60 | 0.63 | 0.64 | 0.65 | 0.66 | 0.66 | 0.67 | 0.67 | 0.65 |
| Equity / assets | 43.8% | 46.2% | 45.9% | 45.7% | 45.8% | 45.9% | 45.0% | 45.3% | 45.7% | 46.1% | 45.5% | 46.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 17, 2026); data from EODHD.
TTMI financial position
At the end of fiscal 2025 (December 31, 2025), TTM Technologies had total assets of $3.8 billion (up 10.6% from a year earlier), total liabilities of $2.1 billion and shareholders' equity of $1.8 billion. It held $501.2 million in cash and short-term investments against $1.1 billion of debt, net debt of $615.8 million. Its current ratio was 1.93. In the latest quarter (ended June 30, 2026) total assets were $4.4 billion and equity $1.9 billion.
Related: TTMI income statement, TTMI cash flow statement, TTMI key metrics. See the TTMI stock overview for the latest quote and news.
TTMI balance sheet FAQ
What are TTM Technologies's total assets?
TTM Technologies reported total assets of $3.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.5 billion a year earlier.
How much debt does TTM Technologies have?
TTM Technologies had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.63.
How much cash does TTM Technologies have?
TTM Technologies held $501.2 million in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net debt of $615.8 million.
What is TTM Technologies's book value?
TTM Technologies's shareholders' equity (book value) was $1.8 billion at the end of fiscal 2025, or $16.71 per share.
What is TTM Technologies's current ratio?
TTM Technologies had current assets of $1.9 billion and current liabilities of $962.2 million, a current ratio of 1.93 (it can cover its short-term obligations).
How much goodwill does TTM Technologies have?
TTM Technologies carried $825.1 million of goodwill and intangible assets, 21.5% of total assets, at the end of fiscal 2025.