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Side-by-side financial comparison of Ultra Clean Holdings, Inc. (UCTT) and W. P. Carey Inc. (WPC). 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 $444.5M, roughly 1.2× W. P. Carey Inc.). W. P. Carey Inc. runs the higher net margin — 33.4% vs -2.8%, a 36.2% gap on every dollar of revenue. On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% vs 2.9%). Over the past eight quarters, W. P. Carey Inc.'s revenue compounded faster (6.8% 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.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

UCTT vs WPC — Head-to-Head

Bigger by revenue
UCTT
UCTT
1.2× larger
UCTT
$533.7M
$444.5M
WPC
Growing faster (revenue YoY)
WPC
WPC
+6.5% gap
WPC
9.4%
2.9%
UCTT
Higher net margin
WPC
WPC
36.2% more per $
WPC
33.4%
-2.8%
UCTT
Faster 2-yr revenue CAGR
WPC
WPC
Annualised
WPC
6.8%
1.7%
UCTT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
UCTT
UCTT
WPC
WPC
Revenue
$533.7M
$444.5M
Net Profit
$-15.0M
$148.3M
Gross Margin
12.2%
Operating Margin
2.1%
34.5%
Net Margin
-2.8%
33.4%
Revenue YoY
2.9%
9.4%
Net Profit YoY
-500.0%
215.4%
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
WPC
WPC
Q1 26
$533.7M
Q4 25
$506.6M
$444.5M
Q3 25
$510.0M
$431.3M
Q2 25
$518.8M
$430.8M
Q1 25
$518.6M
$409.9M
Q4 24
$563.4M
$406.2M
Q3 24
$540.4M
$397.4M
Q2 24
$516.1M
$389.7M
Net Profit
UCTT
UCTT
WPC
WPC
Q1 26
$-15.0M
Q4 25
$-3.3M
$148.3M
Q3 25
$-10.9M
$141.0M
Q2 25
$-162.0M
$51.2M
Q1 25
$-5.0M
$125.8M
Q4 24
$16.3M
$47.0M
Q3 24
$-2.3M
$111.7M
Q2 24
$19.1M
$142.9M
Gross Margin
UCTT
UCTT
WPC
WPC
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
WPC
WPC
Q1 26
2.1%
Q4 25
2.2%
34.5%
Q3 25
2.1%
34.7%
Q2 25
-27.3%
15.0%
Q1 25
2.5%
33.5%
Q4 24
4.6%
13.5%
Q3 24
4.7%
30.4%
Q2 24
4.4%
38.3%
Net Margin
UCTT
UCTT
WPC
WPC
Q1 26
-2.8%
Q4 25
-0.7%
33.4%
Q3 25
-2.1%
32.7%
Q2 25
-31.2%
11.9%
Q1 25
-1.0%
30.7%
Q4 24
2.9%
11.6%
Q3 24
-0.4%
28.1%
Q2 24
3.7%
36.7%
EPS (diluted)
UCTT
UCTT
WPC
WPC
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
UCTT
UCTT
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$323.5M
$155.3M
Total DebtLower is stronger
$601.9M
$8.7B
Stockholders' EquityBook value
$702.1M
$8.1B
Total Assets
$1.9B
$18.0B
Debt / EquityLower = less leverage
0.86×
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UCTT
UCTT
WPC
WPC
Q1 26
$323.5M
Q4 25
$311.8M
$155.3M
Q3 25
$314.1M
$249.0M
Q2 25
$327.4M
$244.8M
Q1 25
$317.6M
$187.8M
Q4 24
$313.9M
$640.4M
Q3 24
$318.2M
$818.2M
Q2 24
$319.5M
$1.1B
Total Debt
UCTT
UCTT
WPC
WPC
Q1 26
$601.9M
Q4 25
$481.4M
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$499.7M
$8.0B
Q3 24
$8.0B
Q2 24
$8.1B
Stockholders' Equity
UCTT
UCTT
WPC
WPC
Q1 26
$702.1M
Q4 25
$711.0M
$8.1B
Q3 25
$709.9M
$8.2B
Q2 25
$719.4M
$8.2B
Q1 25
$872.0M
$8.4B
Q4 24
$873.6M
$8.4B
Q3 24
$857.9M
$8.6B
Q2 24
$852.3M
$8.6B
Total Assets
UCTT
UCTT
WPC
WPC
Q1 26
$1.9B
Q4 25
$1.7B
$18.0B
Q3 25
$1.7B
$18.0B
Q2 25
$1.7B
$18.0B
Q1 25
$1.9B
$17.3B
Q4 24
$1.9B
$17.5B
Q3 24
$1.9B
$17.6B
Q2 24
$1.9B
$17.8B
Debt / Equity
UCTT
UCTT
WPC
WPC
Q1 26
0.86×
Q4 25
0.68×
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
0.57×
0.95×
Q3 24
0.93×
Q2 24
0.94×

Cash Flow & Capital Efficiency

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

Metric
UCTT
UCTT
WPC
WPC
Operating Cash FlowLast quarter
$304.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UCTT
UCTT
WPC
WPC
Q1 26
Q4 25
$8.1M
$304.6M
Q3 25
$100.0K
$300.5M
Q2 25
$29.2M
$404.0M
Q1 25
$28.2M
$273.2M
Q4 24
$17.1M
$296.3M
Q3 24
$14.9M
$280.2M
Q2 24
$23.2M
$221.0M
Free Cash Flow
UCTT
UCTT
WPC
WPC
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
UCTT
UCTT
WPC
WPC
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
UCTT
UCTT
WPC
WPC
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
UCTT
UCTT
WPC
WPC
Q1 26
Q4 25
2.05×
Q3 25
2.13×
Q2 25
7.89×
Q1 25
2.17×
Q4 24
1.05×
6.30×
Q3 24
2.51×
Q2 24
1.21×
1.55×

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%

WPC
WPC

Segment breakdown not available.

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