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.

Revenue
+35.3%
EPS
+76.8%
Free cash flow
+31.0%

Quarter to June 2026, against a year earlier

171.70 15.71 +10.07%
Market cap
$7.7B
P/E
58.7×
Fwd P/E
33.2×
Dividend yield
—
F-score
5/9
Altman Z
19.00
Beneish M
−2.74
Dividend safety
n/a

Onto Innovation Inc. (ONTO) Free cash flow margin

Alert me on Free cash flow margin

Onto Innovation Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 22.5%, down 7.3 percentage points from fiscal 2025 (29.8%). Over the past ten years it has ranged from −0.15% (fiscal 2015) to 29.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Semiconductor Equipment & Materials industry median of 6.73% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 29.8% 8.17
FY2024 21.7% 3.00
FY2023 18.7% 6.88
FY2022 11.8% (8.92)
FY2021 20.7% 2.33
FY2020 18.4% 14.65
FY2019 3.71% (6.35)
FY2018 10.1% (10.70)
FY2017 20.8% 1.91
FY2016 18.9% 19.00

Against its own ten years

Low −0.15% High 29.8%
Ten-year median 18.7%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
ONTO Onto Innovation Inc. 22.5%
NVMI Nova Ltd. compare 20.2%
FORM FormFactor, Inc. compare 18.6%
ENTG Entegris, Inc. compare 17.5%
Q Qnity Electronics, Inc. compare 14.3%
KLIC Kulicke and Soffa Industries, Inc. compare 4.34%
CAMT Camtek Ltd. compare 0.00%
AXTI AXT Inc compare 0.00%
AMKR Amkor Technology, Inc. compare −0.20%
Semiconductor Equipment & Materials industry median 6.73%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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