Does TTM Technologies Stock Lead the Pack?
TTM Technologies stock has dramatically outperformed peers over the past year, with a staggering 277% return. But how does this measure up against rivals like Sanmina and Flex, especially amidst the AI and EV-driven PCB boom? A closer look reveals robust 17.88% revenue growth and leading 8.37% operating margins. However, a significantly higher PE ratio of 73.02 and weaker 1.29% free cash flow generation suggest a steep valuation. This premium could limit upside, as the highly competitive PCB market demands continued innovation and efficiency.
- TTMI’s 8.4% operating margin, highest among peers, reflects strong cost management or its high-value A&D/specialty PCB focus.
- TTMI’s 17.9% revenue growth, outpacing peers, signals success in aerospace, defense, or advanced electronics markets.
- TTMI’s 276.7% gain and 73.0 P/E, outpacing peers, indicates high investor confidence in future earnings growth.
Here’s how TTM Technologies stacks up across size, valuation, and profitability versus key peers.
| TTMI | SANM | FLEX | JBL | PLXS | BHE | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 9.6 | 9.0 | 24.0 | 25.5 | 4.6 | 1.7 |
| Revenue ($ Bil) | 2.8 | 8.1 | 26.3 | 31.1 | 4.0 | 2.6 |
| PE Ratio | 73.0 | 36.4 | 27.4 | 36.3 | 26.8 | 45.7 |
| LTM Revenue Growth | 17.9% | 7.4% | 3.5% | 13.2% | 1.8% | -2.9% |
| LTM Operating Margin | 8.4% | 4.9% | 4.9% | 4.9% | 5.1% | 3.9% |
| LTM FCF Margin | 1.3% | 5.8% | 4.5% | 3.8% | 3.8% | 2.8% |
| 12M Market Return | 276.7% | 109.5% | 62.6% | 55.5% | 6.4% | 6.2% |
For more details on TTM Technologies, read Buy or Sell TTMI Stock. Below we compare TTMI’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| TTMI | 17.9% | – | 9.4% | -10.5% | 11.0% |
| SANM | 7.4% | 7.4% | -15.3% | 12.8% | |
| FLEX | 3.5% | -2.3% | -7.3% | 15.7% | |
| JBL | 13.2% | 3.2% | -16.8% | 3.7% | |
| PLXS | 1.8% | 1.8% | -5.9% | 10.5% | |
| BHE | -2.9% | – | -6.4% | -1.6% | 28.0% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| TTMI | 8.4% | – | 6.5% | 5.0% | 6.5% |
| SANM | 4.9% | 4.9% | 4.6% | 5.2% | |
| FLEX | 4.9% | 4.6% | 3.3% | 3.6% | |
| JBL | 4.9% | 4.8% | 5.0% | 4.6% | |
| PLXS | 5.1% | 5.1% | 4.7% | 5.2% | |
| BHE | 3.9% | – | 4.4% | 4.2% | 3.4% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| TTMI | 73.0 | – | 124.7 | -135.9 | 17.1 |
| SANM | 36.4 | 32.9 | 18.9 | 9.6 | |
| FLEX | 27.4 | 28.2 | 16.6 | 12.8 | |
| JBL | 36.3 | 38.0 | 12.7 | 20.7 | |
| PLXS | 26.8 | 23.0 | 38.3 | 21.4 | |
| BHE | 45.7 | – | 24.3 | 25.1 | 14.3 |
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