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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and Ultra Clean Holdings, Inc. (UCTT). Click either name above to swap in a different company.

Ultra Clean Holdings, Inc. is the larger business by last-quarter revenue ($533.7M vs $267.3M, roughly 2.0× Ascendis Pharma A/S). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs 2.9%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 1.7%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

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.

ASND vs UCTT — Head-to-Head

Bigger by revenue
UCTT
UCTT
2.0× larger
UCTT
$533.7M
$267.3M
ASND
Growing faster (revenue YoY)
ASND
ASND
+39.4% gap
ASND
42.3%
2.9%
UCTT
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
1.7%
UCTT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ASND
ASND
UCTT
UCTT
Revenue
$267.3M
$533.7M
Net Profit
$-15.0M
Gross Margin
90.5%
12.2%
Operating Margin
2.1%
Net Margin
-2.8%
Revenue YoY
42.3%
2.9%
Net Profit YoY
-500.0%
EPS (diluted)
$-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
ASND
ASND
UCTT
UCTT
Q1 26
$533.7M
Q4 25
$267.3M
$506.6M
Q3 25
$230.7M
$510.0M
Q2 25
$170.7M
$518.8M
Q1 25
$109.0M
$518.6M
Q4 24
$187.8M
$563.4M
Q3 24
$62.5M
$540.4M
Q2 24
$38.9M
$516.1M
Net Profit
ASND
ASND
UCTT
UCTT
Q1 26
$-15.0M
Q4 25
$-3.3M
Q3 25
$-65.9M
$-10.9M
Q2 25
$-42.0M
$-162.0M
Q1 25
$-102.2M
$-5.0M
Q4 24
$16.3M
Q3 24
$-107.1M
$-2.3M
Q2 24
$-118.1M
$19.1M
Gross Margin
ASND
ASND
UCTT
UCTT
Q1 26
12.2%
Q4 25
90.5%
15.2%
Q3 25
89.5%
16.1%
Q2 25
80.1%
15.3%
Q1 25
82.6%
16.2%
Q4 24
91.9%
16.3%
Q3 24
80.6%
17.3%
Q2 24
68.2%
17.1%
Operating Margin
ASND
ASND
UCTT
UCTT
Q1 26
2.1%
Q4 25
2.2%
Q3 25
5.1%
2.1%
Q2 25
-33.5%
-27.3%
Q1 25
-103.2%
2.5%
Q4 24
4.6%
Q3 24
-167.3%
4.7%
Q2 24
-370.2%
4.4%
Net Margin
ASND
ASND
UCTT
UCTT
Q1 26
-2.8%
Q4 25
-0.7%
Q3 25
-28.5%
-2.1%
Q2 25
-24.6%
-31.2%
Q1 25
-93.7%
-1.0%
Q4 24
2.9%
Q3 24
-171.5%
-0.4%
Q2 24
-303.9%
3.7%
EPS (diluted)
ASND
ASND
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
ASND
ASND
UCTT
UCTT
Cash + ST InvestmentsLiquidity on hand
$665.3M
$323.5M
Total DebtLower is stronger
$601.9M
Stockholders' EquityBook value
$-175.8M
$702.1M
Total Assets
$1.4B
$1.9B
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
UCTT
UCTT
Q1 26
$323.5M
Q4 25
$665.3M
$311.8M
Q3 25
$582.2M
$314.1M
Q2 25
$533.6M
$327.4M
Q1 25
$559.4M
$317.6M
Q4 24
$604.3M
$313.9M
Q3 24
$675.6M
$318.2M
Q2 24
$279.4M
$319.5M
Total Debt
ASND
ASND
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
ASND
ASND
UCTT
UCTT
Q1 26
$702.1M
Q4 25
$-175.8M
$711.0M
Q3 25
$-188.0M
$709.9M
Q2 25
$-202.6M
$719.4M
Q1 25
$-205.0M
$872.0M
Q4 24
$-114.2M
$873.6M
Q3 24
$-105.1M
$857.9M
Q2 24
$-346.8M
$852.3M
Total Assets
ASND
ASND
UCTT
UCTT
Q1 26
$1.9B
Q4 25
$1.4B
$1.7B
Q3 25
$1.2B
$1.7B
Q2 25
$1.2B
$1.7B
Q1 25
$1.1B
$1.9B
Q4 24
$1.3B
$1.9B
Q3 24
$1.2B
$1.9B
Q2 24
$819.0M
$1.9B
Debt / Equity
ASND
ASND
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
ASND
ASND
UCTT
UCTT
Operating Cash FlowLast quarter
$58.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
UCTT
UCTT
Q1 26
Q4 25
$58.2M
$8.1M
Q3 25
$100.0K
Q2 25
$29.2M
Q1 25
$-15.5M
$28.2M
Q4 24
$-330.7M
$17.1M
Q3 24
$14.9M
Q2 24
$23.2M
Free Cash Flow
ASND
ASND
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
ASND
ASND
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
ASND
ASND
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
ASND
ASND
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

ASND
ASND

Segment breakdown not available.

UCTT
UCTT

Products$465.7M87%
Services$68.0M13%

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