KLA Corporation (KLAC) vs Onto Innovation Inc. (ONTO)

KLA Corporation and Onto Innovation Inc. are both Semiconductor Equipment & Materials companies. KLA Corporation is the larger, with a market value of $248.2B against $13.9B — 17.8× the size. KLA Corporation trades at the lower P/E: 51.1× against 107×. KLA Corporation grew revenue faster over the last twelve months: 11.7% against 8.08%. KLA Corporation has the higher net margin (35.6% vs 11.8%) and the higher return on invested capital (48.2% vs 5.56%). Across the 22 metrics below, KLA Corporation leads on 13 and Onto Innovation Inc. on 9.

Valuation

Metric KLAC ONTO Semiconductor Equipment & Materials median
P/E 51.08 106.93 54.39
P/S 18.16 12.69 6.08
P/B 38.83 7.39 4.89
Price to free cash flow 65.65 56.30 60.92
EV/EBITDA 41.01 63.89 39.95
EV/Sales 18.29 12.32 6.36
Earnings yield 1.96% 0.94% 1.14%
Free cash flow yield 1.52% 1.78% 1.28%

Profitability

Metric KLAC ONTO Semiconductor Equipment & Materials median
Gross margin 61.30% 50.36% 43.95%
Operating margin 41.69% 12.02% 10.32%
Net margin 35.57% 11.84% 7.45%
Free cash flow margin 27.74% 22.54% 6.77%
Return on equity 87.50% 6.82% 4.78%
Return on assets 28.40% 4.54% 3.62%
Return on invested capital 48.24% 5.56% 6.10%

Growth

Metric KLAC ONTO Semiconductor Equipment & Materials median
Revenue growth (TTM) 11.71% 8.08% 14.60%
EPS growth (last fiscal year) 20.51% (31.53%) —
Revenue growth, 5-year CAGR 14.44% 12.55% 8.85%
Net income growth, 5-year CAGR 18.38% 34.54% 0.00%

Health

Metric KLAC ONTO Semiconductor Equipment & Materials median
Debt to equity 0.93 0.77 0.09
Current ratio 2.88 9.73 3.66
Net debt to EBITDA 0.16 (3.39) (0.49)

Dividend

Metric KLAC ONTO Semiconductor Equipment & Materials median
Dividend yield 0.91% — 0.85%
Payout ratio 0.22 0.00 0.00

Size

Metric KLAC ONTO Semiconductor Equipment & Materials median
Market cap 248.19b 13.94b 4.63b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack