Forensic Analysis · Technology / Software · as of Aug 11, 2026
Ttm Technologies Inc (TTMI)
A forensic read on Ttm Technologies Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
10.0
Distress distance
Clean
Earnings quality
4
Forensic signals
74.3
P / E (ttm)
10.1%
ROE
$14.1B
Market cap
19.0%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Ttm Technologies Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 10.0, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by shareholder returns.
What the filings flag
FCF ($683,000)
FY2025
Shareholder returns.Returned $18M to shareholders (buybacks + dividends) in FY2025, but free cash flow was ($683,000) after capex — there was no free cash flow to fund the payout from at all, though operating cash flow alone was $292M — 6% of that. The entire return is coming from debt or cash reserves, not cash the business itself generated — a harder case than returns merely running ahead of free cash flow, since here there was none to run ahead of.
$146M
FY2020–FY2024
Goodwill impairments.Took $146M of goodwill writedowns across 3 years (FY2020 ($69M), FY2023 ($44M), FY2024 ($33M)) — about 40% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
9.4%
FY2025
Return on invested capital.Return on invested capital is 9.4% in the latest fiscal year and rising from 6% — around its ~10% cost of capital, so growth is roughly value-neutral.
+0.5%/yr
FY2022–FY2025
Share count.Diluted share count changed +2% over the last 3 years to FY2025 (+0.5%/yr). Roughly flat — buybacks ($18M) are about offsetting stock comp ($42M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$2.91B
Revenue Growth YoY+19.0%
Revenue CAGR (3yr)+5.2%
Net Margin6.1%
Free Cash Flow-$683,000.00
Return on Equity10.1%
Debt / Equity0.52x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Ttm Technologies Inc's actual 10-K/10-Q/8-K filings?