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Side-by-side financial comparison of Amer Sports, Inc. (AS) and Ultra Clean Holdings, Inc. (UCTT). Click either name above to swap in a different company.

Amer Sports, Inc. is the larger business by last-quarter revenue ($1.1B vs $533.7M, roughly 2.0× Ultra Clean Holdings, Inc.). Amer Sports, Inc. runs the higher net margin — 1.8% vs -2.8%, a 4.6% gap on every dollar of revenue.

Amer Sports, Inc. is a Finnish multinational sporting equipment division based in Helsinki, Finland. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people. Since 2018, Amer has been a subsidiary of Chinese retail conglomerate Anta Sports.

Ultra Clean Holdings, Inc. is a leading global supplier of critical subsystems, ultra-high purity cleaning services, and precision process components for the semiconductor, advanced display, and life sciences sectors. It operates across North America, Asia, and Europe, serving top semiconductor fabs and high-tech equipment manufacturers to support advanced microelectronics production.

AS vs UCTT — Head-to-Head

Bigger by revenue
AS
AS
2.0× larger
AS
$1.1B
$533.7M
UCTT
Higher net margin
AS
AS
4.6% more per $
AS
1.8%
-2.8%
UCTT

Income Statement — Q1 FY2024 vs Q1 FY2026

Metric
AS
AS
UCTT
UCTT
Revenue
$1.1B
$533.7M
Net Profit
$19.0M
$-15.0M
Gross Margin
52.8%
12.2%
Operating Margin
12.4%
2.1%
Net Margin
1.8%
-2.8%
Revenue YoY
2.9%
Net Profit YoY
-500.0%
EPS (diluted)
$0.05
$-0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AS
AS
UCTT
UCTT
Q1 26
$533.7M
Q4 25
$506.6M
Q3 25
$510.0M
Q2 25
$518.8M
Q1 25
$518.6M
Q4 24
$563.4M
Q3 24
$540.4M
Q2 24
$516.1M
Net Profit
AS
AS
UCTT
UCTT
Q1 26
$-15.0M
Q4 25
$-3.3M
Q3 25
$-10.9M
Q2 25
$-162.0M
Q1 25
$-5.0M
Q4 24
$16.3M
Q3 24
$-2.3M
Q2 24
$19.1M
Gross Margin
AS
AS
UCTT
UCTT
Q1 26
12.2%
Q4 25
15.2%
Q3 25
16.1%
Q2 25
15.3%
Q1 25
16.2%
Q4 24
16.3%
Q3 24
17.3%
Q2 24
17.1%
Operating Margin
AS
AS
UCTT
UCTT
Q1 26
2.1%
Q4 25
2.2%
Q3 25
2.1%
Q2 25
-27.3%
Q1 25
2.5%
Q4 24
4.6%
Q3 24
4.7%
Q2 24
4.4%
Net Margin
AS
AS
UCTT
UCTT
Q1 26
-2.8%
Q4 25
-0.7%
Q3 25
-2.1%
Q2 25
-31.2%
Q1 25
-1.0%
Q4 24
2.9%
Q3 24
-0.4%
Q2 24
3.7%
EPS (diluted)
AS
AS
UCTT
UCTT
Q1 26
$-0.40
Q4 25
$-0.07
Q3 25
$-0.24
Q2 25
$-3.58
Q1 25
$-0.11
Q4 24
$0.36
Q3 24
$-0.05
Q2 24
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AS
AS
UCTT
UCTT
Cash + ST InvestmentsLiquidity on hand
$323.5M
Total DebtLower is stronger
$601.9M
Stockholders' EquityBook value
$702.1M
Total Assets
$1.9B
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AS
AS
UCTT
UCTT
Q1 26
$323.5M
Q4 25
$311.8M
Q3 25
$314.1M
Q2 25
$327.4M
Q1 25
$317.6M
Q4 24
$313.9M
Q3 24
$318.2M
Q2 24
$319.5M
Total Debt
AS
AS
UCTT
UCTT
Q1 26
$601.9M
Q4 25
$481.4M
Q3 25
Q2 25
Q1 25
Q4 24
$499.7M
Q3 24
Q2 24
Stockholders' Equity
AS
AS
UCTT
UCTT
Q1 26
$702.1M
Q4 25
$711.0M
Q3 25
$709.9M
Q2 25
$719.4M
Q1 25
$872.0M
Q4 24
$873.6M
Q3 24
$857.9M
Q2 24
$852.3M
Total Assets
AS
AS
UCTT
UCTT
Q1 26
$1.9B
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.9B
Debt / Equity
AS
AS
UCTT
UCTT
Q1 26
0.86×
Q4 25
0.68×
Q3 25
Q2 25
Q1 25
Q4 24
0.57×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AS
AS
UCTT
UCTT
Operating Cash FlowLast quarter
$114.3M
Free Cash FlowOCF − Capex
$92.2M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
6.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AS
AS
UCTT
UCTT
Q1 26
Q4 25
$8.1M
Q3 25
$100.0K
Q2 25
$29.2M
Q1 25
$28.2M
Q4 24
$17.1M
Q3 24
$14.9M
Q2 24
$23.2M
Free Cash Flow
AS
AS
UCTT
UCTT
Q1 26
Q4 25
$-2.0M
Q3 25
$-10.9M
Q2 25
$12.4M
Q1 25
$15.8M
Q4 24
$-200.0K
Q3 24
$-300.0K
Q2 24
$10.2M
FCF Margin
AS
AS
UCTT
UCTT
Q1 26
Q4 25
-0.4%
Q3 25
-2.1%
Q2 25
2.4%
Q1 25
3.0%
Q4 24
-0.0%
Q3 24
-0.1%
Q2 24
2.0%
Capex Intensity
AS
AS
UCTT
UCTT
Q1 26
Q4 25
2.0%
Q3 25
2.2%
Q2 25
3.2%
Q1 25
2.4%
Q4 24
3.1%
Q3 24
2.8%
Q2 24
2.5%
Cash Conversion
AS
AS
UCTT
UCTT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.05×
Q3 24
Q2 24
1.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AS
AS

Americas2$409.6M39%
EMEA1$356.9M34%
Greater China3$205.6M20%
Asia Pacific4$78.2M7%

UCTT
UCTT

Products$465.7M87%
Services$68.0M13%

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