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Side-by-side financial comparison of CELESTICA INC (CLS) and TTM TECHNOLOGIES INC (TTMI). Click either name above to swap in a different company.
CELESTICA INC is the larger business by last-quarter revenue ($3.7B vs $774.3M, roughly 4.7× TTM TECHNOLOGIES INC). CELESTICA INC runs the higher net margin — 7.3% vs 6.5%, a 0.8% gap on every dollar of revenue. CELESTICA INC produced more free cash flow last quarter ($155.9M vs $-6.5M).
Celestica Inc. is a Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company, which is headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries.
TTM Technologies, Inc. is an American printed circuit board (PCB) manufacturer headquartered in Santa Ana, California. Founded in 1998, the company is one of the top five PCB manufacturers in the world and the largest in North America, and the largest supplier of PCBs to the U.S. military. TTM serves customers in industries including aerospace and defense, medical, industrial, automotive, computing, and networking.
CLS vs TTMI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.7B | $774.3M |
| Net Profit | $267.5M | $50.7M |
| Gross Margin | 11.8% | 21.4% |
| Operating Margin | 8.6% | 10.4% |
| Net Margin | 7.3% | 6.5% |
| Revenue YoY | — | 18.9% |
| Net Profit YoY | — | 880.4% |
| EPS (diluted) | $2.29 | $0.47 |
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.
| Q4 25 | $3.7B | $774.3M | ||
| Q3 25 | $3.2B | $752.7M | ||
| Q2 25 | $2.9B | $730.6M | ||
| Q1 25 | $2.6B | $648.7M | ||
| Q4 24 | — | $651.0M | ||
| Q3 24 | $2.5B | $616.5M | ||
| Q2 24 | $2.4B | $570.1M | ||
| Q1 24 | $2.2B | $569.0M |
| Q4 25 | $267.5M | $50.7M | ||
| Q3 25 | $267.8M | $53.1M | ||
| Q2 25 | $211.0M | $41.5M | ||
| Q1 25 | $86.2M | $32.2M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $89.5M | $14.3M | ||
| Q2 24 | $95.0M | $10.5M | ||
| Q1 24 | $91.8M | $17.3M |
| Q4 25 | 11.8% | 21.4% | ||
| Q3 25 | 13.0% | 20.8% | ||
| Q2 25 | 12.8% | 20.3% | ||
| Q1 25 | 10.3% | 20.2% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | 10.4% | 21.1% | ||
| Q2 24 | 10.6% | 18.2% | ||
| Q1 24 | 10.1% | 20.3% |
| Q4 25 | 8.6% | 10.4% | ||
| Q3 25 | 10.2% | 9.6% | ||
| Q2 25 | 9.4% | 8.5% | ||
| Q1 25 | 4.9% | 7.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 5.5% | 8.3% | ||
| Q2 24 | 5.6% | 3.0% | ||
| Q1 24 | 5.7% | 6.1% |
| Q4 25 | 7.3% | 6.5% | ||
| Q3 25 | 8.4% | 7.0% | ||
| Q2 25 | 7.3% | 5.7% | ||
| Q1 25 | 3.3% | 5.0% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 3.6% | 2.3% | ||
| Q2 24 | 4.0% | 1.8% | ||
| Q1 24 | 4.2% | 3.0% |
| Q4 25 | $2.29 | $0.47 | ||
| Q3 25 | $2.31 | $0.50 | ||
| Q2 25 | $1.82 | $0.40 | ||
| Q1 25 | $0.74 | $0.31 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | $0.75 | $0.14 | ||
| Q2 24 | $0.80 | $0.10 | ||
| Q1 24 | $0.77 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $595.6M | $501.2M |
| Total DebtLower is stronger | $750.5M | $916.2M |
| Stockholders' EquityBook value | $2.2B | $1.8B |
| Total Assets | $7.2B | $3.8B |
| Debt / EquityLower = less leverage | 0.34× | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $595.6M | $501.2M | ||
| Q3 25 | $305.9M | $491.1M | ||
| Q2 25 | $313.8M | $448.0M | ||
| Q1 25 | $303.0M | $411.3M | ||
| Q4 24 | — | $503.9M | ||
| Q3 24 | — | $469.5M | ||
| Q2 24 | — | $440.4M | ||
| Q1 24 | — | $450.2M |
| Q4 25 | $750.5M | $916.2M | ||
| Q3 25 | $756.7M | $916.6M | ||
| Q2 25 | $848.6M | $917.1M | ||
| Q1 25 | $915.0M | $917.6M | ||
| Q4 24 | — | $914.4M | ||
| Q3 24 | — | $912.8M | ||
| Q2 24 | — | $913.9M | ||
| Q1 24 | — | $914.3M |
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.7B | $1.5B |
| Q4 25 | $7.2B | $3.8B | ||
| Q3 25 | $6.6B | $3.7B | ||
| Q2 25 | $6.2B | $3.6B | ||
| Q1 25 | $5.8B | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | 0.34× | 0.52× | ||
| Q3 25 | 0.37× | 0.54× | ||
| Q2 25 | 0.48× | 0.56× | ||
| Q1 25 | 0.59× | 0.58× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $250.6M | $62.9M |
| Free Cash FlowOCF − Capex | $155.9M | $-6.5M |
| FCF MarginFCF / Revenue | 4.3% | -0.8% |
| Capex IntensityCapex / Revenue | 2.6% | 9.0% |
| Cash ConversionOCF / Net Profit | 0.94× | 1.24× |
| TTM Free Cash FlowTrailing 4 quarters | $458.3M | $-683.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.6M | $62.9M | ||
| Q3 25 | $126.2M | $141.8M | ||
| Q2 25 | $152.4M | $97.8M | ||
| Q1 25 | $130.3M | $-10.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | $122.8M | $65.1M | ||
| Q2 24 | $99.6M | $43.9M | ||
| Q1 24 | $108.1M | $47.5M |
| Q4 25 | $155.9M | $-6.5M | ||
| Q3 25 | $88.9M | $42.4M | ||
| Q2 25 | $119.9M | $37.4M | ||
| Q1 25 | $93.6M | $-74.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $76.8M | $24.2M | ||
| Q2 24 | $62.7M | $-5.4M | ||
| Q1 24 | $67.7M | $1.4M |
| Q4 25 | 4.3% | -0.8% | ||
| Q3 25 | 2.8% | 5.6% | ||
| Q2 25 | 4.1% | 5.1% | ||
| Q1 25 | 3.5% | -11.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.1% | 3.9% | ||
| Q2 24 | 2.6% | -1.0% | ||
| Q1 24 | 3.1% | 0.2% |
| Q4 25 | 2.6% | 9.0% | ||
| Q3 25 | 1.2% | 13.2% | ||
| Q2 25 | 1.1% | 8.3% | ||
| Q1 25 | 1.4% | 9.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | 6.6% | ||
| Q2 24 | 1.5% | 8.7% | ||
| Q1 24 | 1.8% | 8.1% |
| Q4 25 | 0.94× | 1.24× | ||
| Q3 25 | 0.47× | 2.67× | ||
| Q2 25 | 0.72× | 2.36× | ||
| Q1 25 | 1.51× | -0.33× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.37× | 4.55× | ||
| Q2 24 | 1.05× | 4.19× | ||
| Q1 24 | 1.18× | 2.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLS
| CCS Communications | $2.1B | 58% |
| ATS Segment | $795.1M | 22% |
| CCS Enterprise | $745.2M | 20% |
TTMI
| Aerospace And Defense | $317.2M | 41% |
| Data Center Computing | $221.6M | 29% |
| Medical Industrial Instrumentation | $105.0M | 14% |
| Automotive Components | $69.7M | 9% |
| Networking Communication | $50.1M | 6% |
| Radio Frequency And Specialty Components | $10.6M | 1% |
