Onto Innovation Inc (ONTO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ONTO SEC filings page.
Onto Innovation Inc (ONTO) reported $1.1B in revenue over the twelve months to Jun 30, 2026, up 8.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion is strengthening while margin compression and goodwill-heavy asset growth make the FY2025 earnings engine less operationally efficient.
Operating cash flow reached$328M in FY2025 even as operating margin fell to13.2% from FY2024; cash generation outpaced reported operating profitability, indicating that non-cash charges or working-capital timing contributed meaningfully to conversion.
Revenue reached
Goodwill reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Onto Innovation Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Onto Innovation Inc has an operating margin of 13.2%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is down from 18.9% the prior year.
Onto Innovation Inc's revenue grew a modest 1.8% year-over-year to $1.0B. This slow but positive growth earns a score of 67/100.
Onto Innovation Inc carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.79, Onto Innovation Inc holds $5.79 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 94/100.
Onto Innovation Inc converts 29.8% of revenue into free cash flow ($299.8M). This strong cash generation earns a score of 91/100.
Onto Innovation Inc's ROE of 0.0% shows moderate profitability relative to equity, earning a score of 46/100. This is unchanged from the prior year.
Onto Innovation Inc scores 31.13, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($13.2B) relative to total liabilities ($267.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Onto Innovation Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Onto Innovation Inc reported $137K of net income while generating $328.3M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
Onto Innovation Inc generated $343.1M in revenue in Q2 2027. This represents an increase of 35.3% from the same quarter a year earlier. Against the prior quarter it is up 17.5%.
Onto Innovation Inc's EBITDA was $88.4M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 90.2% from the same quarter a year earlier. Against the prior quarter it is up 49.9%.
Onto Innovation Inc reported $60.1M in net income in Q2 2027. This represents an increase of 77.2% from the same quarter a year earlier. Against the prior quarter it is up 78.1%.
Onto Innovation Inc earned $1.21 per diluted share (EPS) in Q2 2027. This represents an increase of 75.4% from the same quarter a year earlier. Against the prior quarter it is up 80.6%.
Cash & Balance Sheet
Onto Innovation Inc generated $57.9M in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 31.0% from the same quarter a year earlier. Against the prior quarter it is up 154.4%.
Onto Innovation Inc held $1.3B in cash as of Q2 2027; long-term debt is not reported for that period.
Not reported for Q2 2027.
Margins & Returns
Onto Innovation Inc's gross margin was 53.4% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.
Onto Innovation Inc's operating margin was 18.5% in Q2 2027, reflecting core business profitability. This is up 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.0 percentage points.
Onto Innovation Inc's net profit margin was 17.5% in Q2 2027, showing the share of revenue converted to profit. This is up 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.
Onto Innovation Inc's ROE was 3.1% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Capital Allocation
Onto Innovation Inc invested $38.9M in research and development in Q2 2027. This represents an increase of 10.2% from the same quarter a year earlier. Against the prior quarter it is up 10.8%.
Onto Innovation Inc spent $205.0M on share buybacks in Q2 2027, returning capital to shareholders by reducing shares outstanding.
Onto Innovation Inc invested $3.7M in capex in Q2 2027, funding long-term assets and infrastructure. This represents a decrease of 73.4% from the same quarter a year earlier. Against the prior quarter it is up 2.0%.
ONTO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $343.1M+35.3% | $291.9M+9.5% | $266.9M+1.1% | $218.2M-13.5% | $253.6M+4.7% | $266.6M+16.5% | $263.9M+20.6% | $252.2M+21.7% |
| Cost of Revenue | $159.9M+21.6% | $145.6M+18.0% | $143.1M+8.8% | $107.6M-7.1% | $131.5M+15.2% | $123.4M+11.6% | $131.5M+18.6% | $115.8M+15.4% |
| Gross Profit | $183.3M+50.1% | $146.4M+2.2% | $123.8M-6.5% | $110.6M-18.9% | $122.1M-4.8% | $143.2M+21.1% | $132.4M+22.6% | $136.4M+27.6% |
| R&D Expenses | $38.9M+10.2% | $35.1M+25.2% | $36.2M+13.1% | $32.5M+14.9% | $35.3M+30.5% | $28.0M+5.6% | $32.0M+33.2% | $28.3M+8.2% |
| SG&A Expenses | $34.3M+37.0% | $31.4M+37.8% | $34.5M+54.6% | $24.8M+22.3% | $25.0M+26.9% | $22.8M+29.7% | $22.3M-4.9% | $20.3M+12.0% |
| Operating Income | $63.5M+97.1% | $33.5M-46.9% | $13.9M-67.4% | $23.7M-55.4% | $32.2M-34.0% | $63.1M+47.7% | $42.5M+50.4% | $53.1M+56.1% |
| EBITDA | $88.4M+90.2% | $59.0M-22.3% | $33.8M-38.2% | $37.1M-47.0% | $46.5M-29.0% | $76.0M+28.3% | $54.6M+21.5% | $70.1M+37.3% |
| Income Tax | $8.4M+44.0% | $4.3M-43.1% | $9.0M+266.6% | $3.8M-52.9% | $5.8M+35.0% | $7.6M+87.2% | $2.5M-30.2% | $8.0M+183.1% |
| Net Income | $60.1M+77.2% | $33.8M-47.3% | -$126.1M+17.4% | $28.2M-46.8% | $33.9M-36.0% | $64.1M+36.8% | -$152.7M-68.3% | $53.1M+47.8% |
| EPS (Basic) | $1.22+76.8% | $0.68-47.7% | $0.21-78.8% | $0.58-45.8% | $0.69-35.5% | $1.30+36.8% | $0.99+62.3% | $1.07+46.6% |
| EPS (Diluted) | $1.21+75.4% | $0.67-48.5% | $0.21-78.6% | $0.57-46.7% | $0.69-35.5% | $1.30+38.3% | $0.98+58.1% | $1.07+46.6% |
| Diluted Shares (Avg) | 50M+1.4% | 50M+1.2% | N/A | 49M-1.2% | 49M-1.3% | 49M-0.5% | N/A | 50M+0.6% |
Not reported in any period shown, so not listed: Interest Expense.
ONTO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7B+72.8% | $2.4B+13.3% | $2.4B+11.8% | $2.2B+5.5% | $2.1B+6.7% | $2.1B+8.3% | $2.1B+10.9% | $2.1B+11.3% |
| Current Assets | $2.6B+76.8% | $1.3B-10.2% | $1.3B-14.2% | $1.5B+6.0% | $1.5B+7.9% | $1.5B+10.2% | $1.5B+15.1% | $1.5B+19.4% |
| Cash & Equivalents | $1.3B+476.3% | $252.2M+23.8% | $346.1M+62.5% | $603.1M+219.5% | $217.5M+26.0% | $203.7M+6.7% | $212.9M-8.8% | $188.7M-8.6% |
| Short-Term Investments | $628.9M-7.2% | $401.9M-37.9% | $293.5M-54.1% | $380.8M-42.9% | $677.5M+10.4% | $646.9M+17.6% | $639.4M+37.7% | $666.7M+57.6% |
| Inventory | $379.2M+40.3% | $316.0M+8.0% | $298.3M+3.9% | $259.4M-15.9% | $270.2M-15.5% | $292.7M-11.2% | $287.0M-12.4% | $308.3M-10.9% |
| Accounts Receivable | $337.4M+18.2% | $306.6M+5.1% | $268.9M-12.7% | $260.2M+2.6% | $285.3M+20.0% | $291.6M+25.8% | $308.1M+36.0% | $253.7M+21.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $643.5M+95.0% | $643.5M+95.0% | $644.0M+95.2% | $330.0M+4.5% | $330.0M+4.5% | $330.0M+4.5% | $330.0M+4.5% | $315.8M0.0% |
| Total Liabilities | $1.8B+903.6% | $264.2M+35.2% | $267.1M+39.7% | $184.5M+8.7% | $177.0M+1.9% | $195.4M+13.7% | $191.2M+10.4% | $169.8M+2.3% |
| Current Liabilities | $271.6M+74.4% | $214.4M+22.9% | $218.9M+28.7% | $162.9M+12.5% | $155.8M+5.0% | $174.5M+18.6% | $170.1M+15.1% | $144.7M+6.6% |
| Non-Current Liabilities | $1.5B+6991.5% | $49.7M+137.3% | $48.1M+128.0% | $21.7M-13.7% | $21.2M-16.2% | $21.0M-15.4% | $21.1M-17.0% | $25.1M-17.1% |
| Total Equity | $1.9B-2.1% | $2.1B+11.1% | $2.1B+9.1% | $2.0B+5.2% | $2.0B+7.2% | $1.9B+7.8% | $1.9B+10.9% | $1.9B+12.2% |
| Retained Earnings | $837.6M+18.8% | $777.5M+15.9% | $743.8M+11.9% | $733.3M+15.4% | $705.0M+21.1% | $671.1M+26.8% | $664.5M+37.8% | $635.2M+40.5% |
Not reported in any period shown, so not listed: Long-Term Debt.
ONTO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $61.5M+6.2% | $26.3M-71.4% | $95.0M+69.6% | $83.4M+24.0% | $57.9M-11.3% | $92.0M+61.0% | $56.0M-9.1% | $67.2M+134.9% |
| Depreciation & Amortization | $24.9M+74.8% | $25.5M+98.5% | $19.9M+64.0% | $13.4M-21.0% | $14.2M-14.4% | $12.8M-22.2% | $12.2M-27.3% | $17.0M-0.1% |
| Stock-Based Compensation | $10.0M+50.0% | $7.0M+2.9% | N/A | $6.9M-2.9% | $6.7M-19.0% | $6.8M+5.1% | N/A | $7.1M |
| Capital Expenditures | $3.7M-73.4% | $3.6M-56.5% | $5.1M+10.9% | $1.4M-82.9% | $13.8M+12.4% | $8.2M+18.0% | $4.6M+87.8% | $8.0M+5.3% |
| Free Cash Flow | $57.9M+31.0% | $22.7M-72.9% | $89.9M+74.9% | $82.0M+38.5% | $44.2M-16.7% | $83.7M+67.0% | $51.4M-13.1% | $59.2M+182.1% |
| Investing Cash Flow | -$230.2M-435.1% | -$112.6M-416.4% | -$353.5M-8530.3% | $296.8M+624.7% | -$43.0M+41.9% | -$21.8M+76.3% | -$4.1M+89.0% | -$56.6M-30.4% |
| Financing Cash Flow | $1.2B+31661.4% | -$6.7M+91.6% | $2.7M+110.6% | $5.4M+35.9% | -$3.7M+58.2% | -$79.5M-1467.5% | -$25.7M-6432.6% | $3.9M+530.2% |
| Share Buybacks | $205.0M | $0-100.0% | $0-100.0% | $0 | $0 | $75.0M | $25.1M | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
ONTO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.4%+5.3pp | 50.1%-3.6pp | 46.4%-3.8pp | 50.7%-3.4pp | 48.2%-4.8pp | 53.7%+2.0pp | 50.2%+0.8pp | 54.1%+2.5pp |
| Operating Margin | 18.5%+5.8pp | 11.5%-12.2pp | 5.2%-10.9pp | 10.9%-10.2pp | 12.7%-7.4pp | 23.7%+5.0pp | 16.1%+3.2pp | 21.0%+4.6pp |
| Net Margin | 17.5%+4.1pp | 11.6%-12.5pp | -47.3%+10.6pp | 12.9%-8.1pp | 13.4%-8.5pp | 24.0%+3.6pp | -57.8%-16.4pp | 21.0%+3.7pp |
| Return on Equity | 3.1%+1.4pp | 1.6%-1.8pp | -6.0%+1.9pp | 1.4%-1.4pp | 1.7%-1.2pp | 3.3%+0.7pp | -7.9%-2.7pp | 2.8%+0.7pp |
| Return on Assets | 1.6%0.0pp | 1.4%-1.6pp | -5.3%+1.9pp | 1.3%-1.3pp | 1.6%-1.1pp | 3.0%+0.6pp | -7.2%-2.5pp | 2.6%+0.6pp |
| Current Ratio | 9.73+0.1x | 6.15-2.3x | 5.79-2.9x | 9.49-0.6x | 9.59+0.3x | 8.42-0.6x | 8.690.0x | 10.07+1.1x |
| Debt-to-Equity | 0.92+0.8x | 0.120.0x | 0.130.0x | 0.090.0x | 0.090.0x | 0.100.0x | 0.100.0x | 0.090.0x |
| Asset Turnover | 0.090.0x | 0.120.0x | 0.110.0x | 0.100.0x | 0.120.0x | 0.130.0x | 0.120.0x | 0.120.0x |
| FCF Margin | 16.9%-0.6pp | 7.8%-23.6pp | 33.7%+14.2pp | 37.6%+14.1pp | 17.4%-4.5pp | 31.4%+9.5pp | 19.5%-7.6pp | 23.5%+13.3pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Onto Innovation Inc ONTO | FY2025 | $1.0B | $137K | 0.0% | $13.2B | 73/100 |
| Amkor Tech AMKR | FY2025 | $6.7B | $373.9M | 5.6% | $11.7B | 59/100 |
| Camtek CAMT | FY2025 | $496.1M | $50.7M | 10.2% | $6.5B | 82/100 |
| Nova Ltd NVMI | FY2025 | $880.6M | $259.2M | 29.4% | $11.2B | 84/100 |
| Ambarella Inc AMBA | FY2026 | $390.7M | -$75.9M | -19.4% | $2.8B | 61/100 |
| Ipg Photonics Corp IPGP | FY2025 | $1.0B | $31.1M | 3.1% | $3.3B | 51/100 |
Where Onto Innovation Inc Ranks
Frequently Asked Questions
What is Onto Innovation Inc's annual revenue?
Onto Innovation Inc (ONTO) reported $1.0B in total revenue for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Onto Innovation Inc's revenue growing?
Onto Innovation Inc (ONTO) revenue grew by 1.8% year-over-year, from $987.3M to $1.0B in fiscal year 2025.
Is Onto Innovation Inc profitable?
Yes, Onto Innovation Inc (ONTO) reported a net income of $137K in fiscal year 2025, with a net profit margin of 0.0%.
What is Onto Innovation Inc's EBITDA?
Onto Innovation Inc (ONTO) had EBITDA of $193.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Onto Innovation Inc's gross margin?
Onto Innovation Inc (ONTO) had a gross margin of 49.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Onto Innovation Inc's operating margin?
Onto Innovation Inc (ONTO) had an operating margin of 13.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Onto Innovation Inc's net profit margin?
Onto Innovation Inc (ONTO) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Onto Innovation Inc's return on equity (ROE)?
Onto Innovation Inc (ONTO) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Onto Innovation Inc's free cash flow?
Onto Innovation Inc (ONTO) generated $299.8M in free cash flow during fiscal year 2025. This represents a 40.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Onto Innovation Inc's operating cash flow?
Onto Innovation Inc (ONTO) generated $328.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Onto Innovation Inc's total assets?
Onto Innovation Inc (ONTO) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Onto Innovation Inc's capital expenditures?
Onto Innovation Inc (ONTO) invested $28.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Onto Innovation Inc spend on research and development?
Onto Innovation Inc (ONTO) invested $132.0M in research and development during fiscal year 2025.
What is Onto Innovation Inc's current ratio?
Onto Innovation Inc (ONTO) had a current ratio of 5.79 as of fiscal year 2025, which is generally considered healthy.
What is Onto Innovation Inc's debt-to-equity ratio?
Onto Innovation Inc (ONTO) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Onto Innovation Inc's return on assets (ROA)?
Onto Innovation Inc (ONTO) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Onto Innovation Inc's P/E ratio?
Onto Innovation Inc (ONTO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $13.2B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Onto Innovation Inc's price-to-sales ratio?
Onto Innovation Inc (ONTO) trades at 11.7x sales, its market capitalization divided by revenue of $1.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $13.2B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Onto Innovation Inc's Altman Z-Score?
Onto Innovation Inc (ONTO) has an Altman Z-Score of 31.13, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Onto Innovation Inc's Piotroski F-Score?
Onto Innovation Inc (ONTO) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Onto Innovation Inc's earnings high quality?
Onto Innovation Inc (ONTO) reported $137K of net income while generating $328.3M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Onto Innovation Inc?
Onto Innovation Inc (ONTO) scores 73 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.