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Side-by-side financial comparison of Ultra Clean Holdings, Inc. (UCTT) and Victory Capital Holdings, Inc. (VCTR). 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 $388.0M, roughly 1.4× Victory Capital Holdings, Inc.). Victory Capital Holdings, Inc. runs the higher net margin — 28.9% vs -2.8%, a 31.7% gap on every dollar of revenue. On growth, Victory Capital Holdings, Inc. posted the faster year-over-year revenue change (76.7% vs 2.9%). Over the past eight quarters, Victory Capital Holdings, Inc.'s revenue compounded faster (32.9% CAGR vs 1.7%).

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.

Victory Capital Holdings, Inc. is an American financial services company headquartered in San Antonio, Texas that focuses on investment management. Outside the US, it also has investment professionals in London, Hong Kong and Singapore.

UCTT vs VCTR — Head-to-Head

Bigger by revenue
UCTT
UCTT
1.4× larger
UCTT
$533.7M
$388.0M
VCTR
Growing faster (revenue YoY)
VCTR
VCTR
+73.8% gap
VCTR
76.7%
2.9%
UCTT
Higher net margin
VCTR
VCTR
31.7% more per $
VCTR
28.9%
-2.8%
UCTT
Faster 2-yr revenue CAGR
VCTR
VCTR
Annualised
VCTR
32.9%
1.7%
UCTT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
UCTT
UCTT
VCTR
VCTR
Revenue
$533.7M
$388.0M
Net Profit
$-15.0M
$112.1M
Gross Margin
12.2%
Operating Margin
2.1%
41.0%
Net Margin
-2.8%
28.9%
Revenue YoY
2.9%
76.7%
Net Profit YoY
-500.0%
80.8%
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
UCTT
UCTT
VCTR
VCTR
Q1 26
$533.7M
$388.0M
Q4 25
$506.6M
$374.1M
Q3 25
$510.0M
$361.2M
Q2 25
$518.8M
$351.2M
Q1 25
$518.6M
$219.6M
Q4 24
$563.4M
$232.4M
Q3 24
$540.4M
$225.6M
Q2 24
$516.1M
$219.6M
Net Profit
UCTT
UCTT
VCTR
VCTR
Q1 26
$-15.0M
$112.1M
Q4 25
$-3.3M
$112.8M
Q3 25
$-10.9M
$96.5M
Q2 25
$-162.0M
$58.7M
Q1 25
$-5.0M
$62.0M
Q4 24
$16.3M
$76.9M
Q3 24
$-2.3M
$82.0M
Q2 24
$19.1M
$74.3M
Gross Margin
UCTT
UCTT
VCTR
VCTR
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
UCTT
UCTT
VCTR
VCTR
Q1 26
2.1%
41.0%
Q4 25
2.2%
40.9%
Q3 25
2.1%
38.2%
Q2 25
-27.3%
26.8%
Q1 25
2.5%
42.3%
Q4 24
4.6%
48.1%
Q3 24
4.7%
53.3%
Q2 24
4.4%
50.4%
Net Margin
UCTT
UCTT
VCTR
VCTR
Q1 26
-2.8%
28.9%
Q4 25
-0.7%
30.2%
Q3 25
-2.1%
26.7%
Q2 25
-31.2%
16.7%
Q1 25
-1.0%
28.2%
Q4 24
2.9%
33.1%
Q3 24
-0.4%
36.3%
Q2 24
3.7%
33.8%
EPS (diluted)
UCTT
UCTT
VCTR
VCTR
Q1 26
$-0.40
Q4 25
$-0.07
$1.33
Q3 25
$-0.24
$1.11
Q2 25
$-3.58
$0.68
Q1 25
$-0.11
$0.96
Q4 24
$0.36
$1.18
Q3 24
$-0.05
$1.24
Q2 24
$0.42
$1.12

Balance Sheet & Financial Strength

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

Metric
UCTT
UCTT
VCTR
VCTR
Cash + ST InvestmentsLiquidity on hand
$323.5M
$75.8M
Total DebtLower is stronger
$601.9M
Stockholders' EquityBook value
$702.1M
$2.4B
Total Assets
$1.9B
$4.1B
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UCTT
UCTT
VCTR
VCTR
Q1 26
$323.5M
$75.8M
Q4 25
$311.8M
$163.7M
Q3 25
$314.1M
$115.7M
Q2 25
$327.4M
$107.9M
Q1 25
$317.6M
$175.6M
Q4 24
$313.9M
$126.7M
Q3 24
$318.2M
$188.2M
Q2 24
$319.5M
$119.0M
Total Debt
UCTT
UCTT
VCTR
VCTR
Q1 26
$601.9M
Q4 25
$481.4M
$970.0M
Q3 25
$972.0M
Q2 25
$965.7M
Q1 25
$964.8M
Q4 24
$499.7M
$963.9M
Q3 24
$982.7M
Q2 24
$981.7M
Stockholders' Equity
UCTT
UCTT
VCTR
VCTR
Q1 26
$702.1M
$2.4B
Q4 25
$711.0M
$2.4B
Q3 25
$709.9M
$2.4B
Q2 25
$719.4M
$2.5B
Q1 25
$872.0M
$1.1B
Q4 24
$873.6M
$1.1B
Q3 24
$857.9M
$1.2B
Q2 24
$852.3M
$1.1B
Total Assets
UCTT
UCTT
VCTR
VCTR
Q1 26
$1.9B
$4.1B
Q4 25
$1.7B
$4.2B
Q3 25
$1.7B
$4.2B
Q2 25
$1.7B
$4.2B
Q1 25
$1.9B
$2.6B
Q4 24
$1.9B
$2.5B
Q3 24
$1.9B
$2.6B
Q2 24
$1.9B
$2.5B
Debt / Equity
UCTT
UCTT
VCTR
VCTR
Q1 26
0.86×
Q4 25
0.68×
0.40×
Q3 25
0.41×
Q2 25
0.39×
Q1 25
0.84×
Q4 24
0.57×
0.86×
Q3 24
0.84×
Q2 24
0.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UCTT
UCTT

Products$465.7M87%
Services$68.0M13%

VCTR
VCTR

Investment management fees$316.4M82%
Fund administration and distribution fees$71.6M18%

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