Saturday 31 October 2026 Export ONTO’s income statement to Excel — free account

Onto Innovation Inc.

ONTO Technology Semiconductor Equipment & Materials

Onto Innovation Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 1.82% from fiscal 2024. In the quarter to June 2026, revenue grew 35.3%, EPS grew 76.8% and free cash flow grew 31.0%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

201.02 20.87 −9.41%

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Market cap: $10.9B
P/E: 74.7×
Fwd P/E: 32.7×
Dividend yield: —
F-score: 5/9
Altman Z: 19.00
Beneish M: −2.74
Dividend safety: n/a

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total sells 0.90

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	1	1	—

Insider Ownership 1.30%

Capital & Financial Ratios $m

Market Cap 10,890.00

Revenue 1,120.14

Net Income 132.61

Free Cash Flow 252.47

Net Debt (410.42)

Current Ratio 9.73

Debt/Equity 0.77

P/E ratio 74.73

Fwd P/E 32.70

P/S ratio 8.87

P/B ratio 5.17

Past 5Y EPS Growth 34.57%

This Y EPS Growth 64.27%

Next Y EPS Growth 44.92%

Next Y revenue growth 43.15%

Next 5Y EPS Growth 41.32%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 85.61%

10-year low 10-year high

P/S against its own 10 years 82.14%

10-year low 10-year high

P/B against its own 10 years 88.81%

10-year low 10-year high

EV/Sales against its own 10 years 83.53%

10-year low 10-year high

EV/FCF against its own 10 years 73.55%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	698	852	640	1,882
Receivables	227	308	269	337
Inventory	328	287	298	379
Other	—	—	—	—
	1,283	1,478	1,268	2,642

	2023	2024	2025	Q'26
Payables	50	56	108	139
ST’ Debt	—	—	—	—
Other	31	30	31	41
	148	170	219	272

Compound Annual Growth %

	10y	5y	3y
Sales	18.29%	12.55%	0.00%
Cash Flow	70.61%	25.37%	33.92%
Earnings	46.99%	34.54%	(15.08%)
Book Value	27.34%	10.68%	9.58%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.68 Actual 1.93

0.66 1.12 1.57 2.03 2.48

Q3 FY25 Beat +0.05

Q4 FY25 Miss −0.02

Q1 FY26 Beat +0.04

Q2 FY26 Beat +0.25

Q3 FY26 — Nov 9

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	0.87	0.92	Beat by 0.05
Q4 FY25	1.28	1.26	Miss by 0.02
Q1 FY26	1.38	1.42	Beat by 0.04
Q2 FY26	1.68	1.93	Beat by 0.25
Q3 FY26	2.27	—	Reports 9 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.67	1.21	—	—	—
’25	1.30	0.69	0.57	0.21	2.78
’24	0.94	1.07	1.07	0.98	4.06
’23	0.59	0.53	0.73	0.61	2.46
’22	1.07	1.03	1.05	1.34	4.49
’21	0.49	0.71	0.73	0.94	2.86
’20	(0.09)	0.15	0.16	0.40	0.63

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	292	343	—	—	—
’25	267	254	218	267	1,005
’24	229	242	252	264	987
’23	199	191	207	219	816
’22	241	256	254	253	1,005
’21	169	193	201	226	789
’20	140	135	126	155	556

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	26	62	—	—	—
’25	92	58	83	95	328
’24	57	65	67	56	246
’23	50	32	29	62	172
’22	45	10	32	49	137
’21	51	25	50	49	175
’20	9	38	26	33	106

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	23	58	—	—	—
’25	84	44	82	90	300
’24	50	53	59	51	214
’23	42	27	21	62	152
’22	43	6	29	41	118
’21	47	20	48	48	163
’20	8	36	25	33	102

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	20.25	23.73	22.08	26.00	20.32	47.34	56.02	67.55	134.11	85.88		+17.4%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	26.00	32.42	48.26	38.60	49.11	103.77	106.09	158.50	238.93	228.42		+27.3%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	532	592	701	1,340	1,247	1,411	1,636	1,497	1,551	1,615		+13.1%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.42	0.43	0.39	0.23	0.45	0.56	0.61	0.55	0.64	0.62		+4.6%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	221	255	274	306	556	789	1,005	816	987	1,005		+18.3%	1,439	1,882	2,182	+29.5%
	Gross margin, %	51.61	52.76	54.16	44.14	50.04	54.39	53.64	51.51	52.19	49.72		(1.9) pt	Powerpack Onto Innovation Inc.’s next three years, line by line Analysts expect revenue to grow 29.5% a year to 2028 — faster than the 18.3% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	29	60	53	(1)	27	156	242	133	220	163		+21.1%
	EBT margin, %	13.18	23.44	19.48	(0.20)	4.83	19.73	24.03	16.25	22.33	16.20		+3.0 pt
	Net income	44	33	45	2	31	142	223	121	202	137		+13.4%
	Depreciation	8	6	6	32	78	66	65	62	55	56		+23.6%
Per share, $
Per share, $	Revenue	8.97	10.07	10.75	10.29	11.33	16.02	20.34	16.66	20.01	20.46		+9.6%
	Earnings	1.79	1.19	1.77	0.06	0.63	2.89	4.52	2.47	4.09	2.78		+5.0%
	Cash flow	1.85	2.53	1.38	0.61	2.16	3.56	2.77	3.51	4.98	6.68		+15.3%
	Capex	(0.16)	(0.44)	(0.30)	(0.23)	(0.08)	(0.24)	(0.37)	(0.40)	(0.65)	(0.58)		+15.2%
	Free cash flow	1.69	2.09	1.08	0.38	2.08	3.32	2.39	3.11	4.33	6.10		+15.3%
	Book value	9.89	10.36	14.21	42.52	25.74	28.96	32.30	35.46	39.03	42.76		+17.7%
	Shares, m	25	25	25	30	49	49	49	49	49	49		+8.0%
Valuation, ×
Valuation, ×	P/E	14.02	21.04	11.39	568.27	74.30	35.03	15.08	58.30	40.85	56.78		89.5
	P/S	2.78	2.51	2.54	3.55	4.20	6.32	3.35	8.68	8.33	7.71		5.0
	P/B	2.52	2.44	1.92	0.86	1.85	3.50	2.11	4.08	4.27	3.69		2.7
	EV/Sales	2.19	2.05	1.90	2.57	3.56	5.69	2.82	7.84	7.48	7.09		4.3
	EV/FCF	11.64	9.68	18.91	69.29	19.37	27.49	23.97	42.03	34.55	23.78		28.1
Cash, $m
Cash, $m	Operating cash flow	46	64	35	18	106	175	137	172	246	328		+24.5%
	Capex	(4)	(11)	(8)	(7)	(4)	(12)	(18)	(20)	(32)	(29)		+24.4%
	Free cash flow	42	53	28	11	102	163	118	152	214	300		+24.5%
Balance, $m
Balance, $m	Working capital	174	196	306	556	612	794	974	1,136	1,307	1,049		+22.1%
	Total debt	—	—	—	25	20	18	22	—	—	—		(4.2%)
	Net debt	(130)	(117)	(175)	(320)	(374)	(511)	(548)	(698)	(852)	(640)		+19.4%
	Shareholders’ equity	244	262	362	1,264	1,265	1,426	1,596	1,737	1,926	2,101		+27.0%
Returns, %
Returns, %	ROA	16.83	11.02	12.39	0.20	2.13	9.13	12.97	6.54	10.02	6.10		(10.7) pt
	ROIC	15.98	25.49	17.09	(0.33)	1.87	10.69	14.11	6.98	10.89	5.69		(10.3) pt
	ROE	20.43	13.00	14.45	0.23	2.45	10.58	14.78	7.27	11.01	6.79		(13.6) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
Q Qnity Electronics, Inc.	$25.7B	41.6×	30.2×	+22.14% (above 0%: growing)	−34.44% (below 0%: shrinking)	−29.91% (below 0%: shrinking)	46.61%	19.31%	Compare
ENTG Entegris, Inc.	$24.5B	77.5×	48.4×	+11.46% (above 0%: growing)	+74.29% (above 0%: growing)	+148.72% (above 0%: growing)	47.55%	18.64%	Compare
ONTO Onto Innovation Inc.	$10.9B	74.7×	32.7×	+35.30% (above 0%: growing)	+76.81% (above 0%: growing)	+30.97% (above 0%: growing)	53.41%	18.52%
NVMI Nova Ltd.	$10.6B	36.1×	32.8×	+15.90% (above 0%: growing)	+1.72% (above 0%: growing)	−10.48% (below 0%: shrinking)	56.54%	29.88%	Compare
AMKR Amkor Technology, Inc.	$10.2B	17.6×	15.2×	+25.58% (above 0%: growing)	+218.18% (above 0%: growing)	−276.02% (below 0%: shrinking)	16.79%	10.53%	Compare
FORM FormFactor, Inc.	$7.6B	58.9×	40.8×	+31.89% (above 0%: growing)	+500.00% (above 0%: growing)	+211.52% (above 0%: growing)	50.70%	22.38%	Compare
CAMT Camtek Ltd.	$5.9B	153×	39.3×	+12.31% (above 0%: growing)	−33.33% (below 0%: shrinking)	+952.40% (above 0%: growing)	50.06%	20.43%	Compare
KLIC Kulicke and Soffa Industries, Inc.	$4.2B	33.7×	21.9×	+122.63% (above 0%: growing)	n/m	+856.72% (above 0%: growing)	47.80%	20.66%	Compare
AXTI AXT Inc	$4.0B	1,820×	61.6×	+164.77% (above 0%: growing)	n/m	+173.29% (above 0%: growing)	44.90%	21.90%	Compare
Median of peers	$8.9B	50.3×	36.1×	+23.86%	+38.01%	+161.01%	47.68%	20.55%

All 29 Semiconductor Equipment & Materials stocks →

Pay and ownership Proxy statement filed 6 April 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2025	7.81m	6.49m	331.78
2024	6.96m	10.14m	350.34
2023	5.65m	21.22m	321.44
2022	5.31m	2.09m	143.16
2021	5.13m	13.99m	212.86

Ownership

Directors and executive officers, together less than 1%

The Vanguard Group, 10.40%

BlackRock, Inc., 10.10%

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement