The Filing Desk

Celestica vs TTM Technologies

Celestica CLS · TTM Technologies TTMI · Electronic Manufacturing Services

Celestica reported revenue of $12.4 billion in fiscal 2025, 4.3 times TTM Technologies' $2.9 billion in fiscal 2025. Celestica's revenue grew 28.5% in its latest year, and TTM Technologies' grew 19.0%. Celestica had an operating margin of 8.4%, against 9.1% at TTM Technologies. Free cash flow was $458 million at Celestica and −$1 million at TTM Technologies. Their fiscal years end in different months (December 31 and December 29), so the periods don't line up exactly.

Side by side

CelesticaTTM Technologies
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 29, 2025
Revenue$12.4B$2.9B
Revenue growth28.5%19.0%
Revenue growth a year, last 5 years16.6%6.7%
Gross margin12.1%20.7%
Operating margin8.4%9.1%
Net margin6.7%6.1%
Free cash flow$458M−$1M
Free cash flow margin3.7%−0.0%
Return on capital37.8%10.7%
Net debt to EBITDA0.1x1.1x
Dividends and buybacks$153M$18M
Change in diluted share count−2.1%1.3%
Last close$246.65$85.50
P/E at the last close23.4×38.7×
Insider trades, last 12 monthsbought $2.1 million, sold $254.1 millionbought $1.6 million, sold $36.5 million
Piotroski F-score7 of 97 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
CelesticaTTM Technologies
Operating margin
Percent of revenue
CelesticaTTM Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CelesticaTTM Technologies

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Celestica and TTM Technologies pages.