Onto Innovation Inc. | Mid-cap | Technology
$108.49
2.87%
| Onto Innovation Stock Comparison:
Onto Innovation vs Applied MaterialsOnto Innovation vs Lam ResearchOnto Innovation vs NovaOnto Innovation vs Amkor TechnologyOnto Innovation vs CamtekOnto Innovation vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 253.6M
Gross Profit 122.1M 48.16%
Operating Income 38.5M 15.17%
Net Income 33.9M 13.37%
EPS (Diluted) $0.69

Balance Sheet Metrics

Total Assets 2.1B
Total Liabilities 195.4M
Shareholders Equity 1.9B
Debt to Equity 0.10

Cash Flow Metrics

Operating Cash Flow 81.1M
Free Cash Flow 83.7M

Revenue & Profitability Trend

Onto Innovation Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i987.3M815.9M1.0B788.9M556.5M
Cost of Goods Sold i472.0M395.6M466.0M359.8M278.0M
Gross Profit i515.3M420.3M539.2M429.1M278.5M
Gross Margin % i52.2%51.5%53.6%54.4%50.0%
Operating Expenses
Research & Development i116.8M104.4M112.0M96.1M84.6M
Selling, General & Administrative i162.0M144.9M135.3M125.2M113.4M
Other Operating Expenses i-----
Total Operating Expenses i278.8M249.4M247.2M221.3M198.0M
Operating Income i187.1M116.1M236.7M156.4M26.7M
Operating Margin % i19.0%14.2%23.5%19.8%4.8%
Non-Operating Items
Interest Income i33.5M20.4M5.0M1.2M2.9M
Interest Expense i-----
Other Non-Operating Income-145.0K-3.9M-141.0K-1.9M-2.7M
Pre-tax Income i220.4M132.6M241.6M155.7M26.9M
Income Tax i18.8M11.4M18.2M13.3M-4.2M
Effective Tax Rate % i8.5%8.6%7.6%8.6%-15.5%
Net Income i201.7M121.2M223.3M142.3M31.0M
Net Margin % i20.4%14.9%22.2%18.0%5.6%
Key Metrics
EBITDA i249.7M187.4M301.4M224.2M97.3M
EPS (Basic) i$4.09$2.47$4.52$2.89$0.63
EPS (Diluted) i$4.06$2.46$4.49$2.86$0.63
Basic Shares Outstanding i4934300048971000494240004924200049136000
Diluted Shares Outstanding i4934300048971000494240004924200049136000

Income Statement Trend

Onto Innovation Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i212.9M233.5M175.9M169.6M136.7M
Short-term Investments i639.4M464.3M371.9M341.7M237.0M
Accounts Receivable i308.1M226.6M241.4M177.2M149.3M
Inventory i287.0M327.8M324.3M243.1M191.2M
Other Current Assets30.1M31.1M21.4M16.4M-
Total Current Assets i1.5B1.3B1.1B948.1M731.7M
Non-Current Assets
Property, Plant & Equipment i13.9M18.4M20.7M17.5M19.7M
Goodwill i787.4M799.0M853.8M908.9M931.6M
Intangible Assets i127.5M167.4M222.2M277.3M318.4M
Long-term Investments-----
Other Non-Current Assets44.3M21.3M9.3M9.0M3.9M
Total Non-Current Assets i639.6M626.4M660.0M701.7M736.5M
Total Assets i2.1B1.9B1.8B1.6B1.5B
Liabilities
Current Liabilities
Accounts Payable i56.3M49.9M54.5M53.3M40.2M
Short-term Debt i5.4M5.5M5.7M4.0M4.5M
Current Portion of Long-term Debt-----
Other Current Liabilities4.0M7.0M3.9M7.5M3.6M
Total Current Liabilities i170.1M147.7M160.6M154.5M120.1M
Non-Current Liabilities
Long-term Debt i9.7M14.0M16.3M13.8M16.5M
Deferred Tax Liabilities i4.0K07.4M40.3M55.6M
Other Non-Current Liabilities7.4M9.0M11.3M13.5M10.0M
Total Non-Current Liabilities i21.1M25.5M37.9M69.2M83.3M
Total Liabilities i191.2M173.2M198.4M223.8M203.4M
Equity
Common Stock i49.0K49.0K49.0K49.0K49.0K
Retained Earnings i664.6M482.4M362.8M168.5M26.2M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i1.9B1.7B1.6B1.4B1.3B
Key Metrics
Total Debt i15.2M19.5M22.0M17.7M20.9M
Working Capital i1.3B1.1B974.3M793.6M611.6M

Balance Sheet Composition

Onto Innovation Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i201.7M121.2M223.3M142.4M31.0M
Depreciation & Amortization i62.3M67.2M64.7M65.8M67.6M
Stock-Based Compensation i28.6M25.5M24.4M19.5M17.7M
Working Capital Changes i-54.4M-7.2M-162.9M-71.6M-58.0M
Operating Cash Flow i212.4M187.3M115.4M146.2M62.0M
Investing Activities
Capital Expenditures i-31.9M-19.8M-18.4M-12.0M-3.8M
Acquisitions i-26.8M0-4.6M-23.8M0
Investment Purchases i-708.7M-480.5M-371.3M-361.0M-313.0M
Investment Sales i540.8M396.8M338.6M255.1M265.4M
Investing Cash Flow i-226.5M-103.4M-55.7M-141.8M-48.6M
Financing Activities
Share Repurchases i-25.1M-3.2M-65.3M0-52.0M
Dividends Paid i-----
Debt Issuance i-----
Debt Repayment i-----
Financing Cash Flow i-44.9M-14.8M-76.4M-7.4M-53.7M
Free Cash Flow i213.8M149.4M118.3M163.2M102.2M
Net Change in Cash i-59.0M69.1M-16.7M-3.0M-40.3M

Cash Flow Trend

Onto Innovation Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 26.62
Forward P/E 16.03
Price to Book 2.68
Price to Sales 5.09
PEG Ratio -0.75

Profitability Ratios

Profit Margin 19.29%
Operating Margin 19.10%
Return on Equity 10.53%
Return on Assets 6.31%

Financial Health

Current Ratio 9.59
Debt to Equity 0.68
Beta 1.44

Per Share Data

EPS (TTM) $4.04
Book Value per Share $40.12
Revenue per Share $21.05

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
onto5.3B26.622.6810.53%19.29%0.68
Applied Materials 131.7B19.596.7235.63%23.88%32.11
Lam Research 125.1B23.8212.7258.24%29.07%48.23
Nova 7.3B33.886.6924.23%29.10%19.08
Amkor Technology 5.9B19.481.407.35%4.80%42.84
Camtek 3.8B30.756.1224.28%28.36%31.68

Financial data is updated regularly. All figures are in the company's reporting currency.