ONTO · Onto Innovation Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.95M | $252.21M | $253.60M | $266.61M | - | $252.21M | $242.33M | $228.85M | - | $207.19M |
| Cost of Revenue | $145.56M | $107.57M | $131.47M | $123.37M | - | $115.83M | $114.09M | $110.56M | - | $100.33M |
| Gross Profit | $146.39M | $110.62M | $122.12M | $143.23M | - | $136.38M | $128.24M | $118.28M | - | $106.85M |
| R&D | $35.10M | $32.49M | $35.29M | $28.03M | - | $28.28M | $27.04M | $26.55M | - | $26.14M |
| SG&A | $31.41M | $24.82M | $25.00M | $23.91M | - | $22.46M | $20.27M | $17.56M | - | $18.13M |
| Total Operating Expenses | $112.88M | $86.94M | $89.88M | $80.10M | - | $83.31M | $79.40M | $75.55M | - | $72.85M |
| D&A | $5.78M | $3.90M | - | $4.39M | - | - | - | $3.39M | - | - |
| Operating Income | $33.51M | $23.69M | $32.25M | $63.13M | - | $53.07M | $48.83M | $42.74M | - | $34.01M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $4.30M | $3.75M | $5.83M | $7.56M | - | $7.96M | $4.32M | $4.04M | - | $2.81M |
| Net Income | $33.75M | $28.22M | $33.91M | $46.85M | - | - | - | $46.85M | - | $35.89M |
| EPS - Basic | $0.68 | $0.58 | $0.69 | $1.30 | - | $1.07 | $1.07 | $0.95 | - | $0.73 |
| EPS - Diluted | $0.67 | $0.57 | $0.69 | $1.30 | - | $1.07 | $1.07 | $0.94 | - | $0.73 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $252.25M | $603.09M | $217.47M | $203.73M | $212.94M | $188.74M | $172.57M | $190.89M | $233.51M | $206.59M |
| Accounts Receivable | $306.56M | $260.20M | $285.33M | $291.58M | $308.14M | $253.72M | $237.83M | $231.87M | $226.56M | $209.52M |
| Inventory | $316.03M | $259.37M | $270.22M | $292.66M | $286.98M | $308.30M | $319.71M | $329.52M | $327.77M | $346.06M |
| Accounts Payable | $105.52M | $52.92M | $37.86M | $55.36M | $56.26M | $47.99M | $51.37M | $55.91M | $49.87M | $44.47M |
| Current Assets | $1.32B | $1.54B | $1.49B | $1.47B | $1.48B | $1.46B | $1.39B | $1.33B | $1.28B | $1.22B |
| Total Assets | $2.40B | $2.19B | $2.14B | $2.12B | $2.12B | $2.07B | $2.01B | $1.95B | $1.91B | $1.86B |
| Current Liabilities | $214.45M | $162.87M | $155.78M | $174.48M | $170.09M | $144.74M | $148.42M | $147.05M | $147.73M | $135.76M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $264.18M | $184.54M | $177.00M | $195.43M | $191.21M | $169.84M | $173.74M | $171.82M | $173.18M | $166.05M |
| Stockholders' Equity | $2.13B | $2.00B | $1.96B | $1.92B | $1.93B | $1.90B | $1.83B | $1.78B | $1.74B | $1.70B |
| Retained Earnings | $777.53M | $733.26M | $705.03M | $671.12M | $664.55M | $635.21M | $582.16M | $529.21M | $482.36M | $452.05M |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $26.32M | - | - | $91.98M | - | - | - | $57.13M | - | - |
| Investing Cash Flow | ($112.61M) | - | - | ($21.80M) | - | - | - | ($91.82M) | - | - |
| Financing Cash Flow | ($6.70M) | - | - | ($79.52M) | - | - | - | ($5.07M) | - | - |
| CapEx | $3.58M | - | - | $8.23M | - | - | - | $6.97M | - | - |
| Free Cash Flow | $22.74M | - | - | $83.75M | - | - | - | $50.16M | - | - |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 50.1% | 43.9% | 48.2% | 53.7% | - | 54.1% | 52.9% | 51.7% | - | 51.6% |
| Operating margin | 11.5% | 9.4% | 12.7% | 23.7% | - | 21.0% | 20.2% | 18.7% | - | 16.4% |
| EBITDA margin | 13.5% | 10.9% | - | 25.3% | - | - | - | 20.2% | - | - |
| Net margin | 11.6% | 11.2% | 13.4% | 17.6% | - | - | - | 20.5% | - | 17.3% |
| Free cash flow margin | 7.8% | - | - | 31.4% | - | - | - | 21.9% | - | - |
| FCF / Net income | 0.67 | - | - | 1.79 | - | - | - | 1.07 | - | - |
| R&D / Revenue | 12.0% | 12.9% | 13.9% | 10.5% | - | 11.2% | 11.2% | 11.6% | - | 12.6% |
| SG&A / Revenue | 10.8% | 9.8% | 9.9% | 9.0% | - | 8.9% | 8.4% | 7.7% | - | 8.8% |
| Effective tax rate | 11.3% | 11.7% | 14.7% | 13.9% | - | - | - | 7.9% | - | 7.3% |
| Return on assets | 1.4% | 1.3% | 1.6% | 2.2% | - | - | - | 2.4% | - | 1.9% |
| Return on equity | 1.6% | 1.4% | 1.7% | 2.4% | - | - | - | 2.6% | - | 2.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.15 | 9.49 | 9.59 | 8.42 | 8.69 | 10.07 | 9.33 | 9.06 | 8.69 | 9.00 |
| Quick ratio | 4.68 | 7.89 | 7.86 | 6.74 | 7.00 | 7.94 | 7.18 | 6.82 | 6.47 | 6.45 |
| Cash ratio | 1.18 | 3.70 | 1.40 | 1.17 | 1.25 | 1.30 | 1.16 | 1.30 | 1.58 | 1.52 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.12 | 1.09 | 1.09 | 1.10 | 1.10 | 1.09 | 1.09 | 1.10 | 1.10 | 1.10 |
| Liabilities / Assets | 0.11 | 0.08 | 0.08 | 0.09 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | 0.12 | 0.12 | 0.13 | - | 0.12 | 0.12 | 0.12 | - | 0.11 |
| Inventory turnover | 0.46 | 0.41 | 0.49 | 0.42 | - | 0.38 | 0.36 | 0.34 | - | 0.29 |
| Days sales outstanding | 383d | 377d | 411d | 399d | - | 367d | 358d | 370d | - | 369d |
| Days inventory outstanding | 792d | 880d | 750d | 866d | - | 972d | 1023d | 1088d | - | 1259d |
| Days payable outstanding | 265d | 180d | 105d | 164d | - | 151d | 164d | 185d | - | 162d |
| Cash conversion cycle | 911d | 1077d | 1056d | 1101d | - | 1187d | 1217d | 1273d | - | 1466d |
| Valuation | ||||||||||
| P / E | 306.1x | 223.8x | 143.3x | 93.9x | - | 201.3x | 205.2x | 192.6x | - | 174.7x |
| P / B | 4.8x | 3.1x | 2.5x | 3.1x | - | 5.6x | 6.0x | 5.0x | - | 3.7x |
| P / S | 35.1x | 24.8x | 19.1x | 22.6x | - | 42.4x | 45.0x | 39.3x | - | 30.4x |
| EV / EBITDA | 254.5x | 205.2x | - | 86.3x | - | - | - | 190.7x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.5% | 0.0% | 4.7% | 16.5% | - | 21.7% | 27.1% | 14.9% | - | -18.5% |
| Revenue CAGR (3y) | 13.6% | -0.3% | -0.4% | 3.4% | - | 7.9% | 7.8% | 10.6% | - | 17.9% |
| Revenue CAGR (5y) | 11.5% | 14.8% | 13.4% | 13.8% | - | 28.1% | 29.1% | 22.7% | - | 22.0% |
| Gross profit growth (YoY) | 2.2% | -18.9% | -4.8% | 21.1% | - | 27.6% | 27.6% | 12.7% | - | -23.0% |
| Operating income growth (YoY) | -46.9% | -55.4% | -34.0% | 47.7% | - | 56.1% | 96.9% | 47.2% | - | -42.7% |
| Net income growth (YoY) | -28.0% | - | - | 0.0% | - | - | - | 61.2% | - | -31.3% |
| EPS growth (YoY) | -48.5% | -46.7% | -35.5% | 38.3% | - | 46.6% | 101.9% | 59.3% | - | -30.5% |
| EPS CAGR (3y) | 4.3% | -18.4% | -12.5% | 6.7% | - | 13.6% | 14.7% | 24.3% | - | 65.9% |
| EPS CAGR (5y) | 6.5% | 28.9% | 35.7% | - | - | 44.5% | 46.2% | 50.9% | - | 9.2% |
| FCF growth (YoY) | -72.9% | - | - | 67.0% | - | - | - | 18.8% | - | - |
| FCF CAGR (5y) | -13.6% | - | - | - | - | - | - | 11.9% | - | - |
| Book value growth (YoY) | 11.1% | 5.2% | 7.2% | 7.8% | 10.9% | 12.2% | 10.6% | 9.7% | 8.8% | 8.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-03.
Business segments
$1.01B totalSingle Reportable Segment$1.01B · 100.0%
Product / service
$1.01B totalSystems And Software Revenue$847.84M · 84.3%
Parts Revenue$84.20M · 8.4%
Service Revenue$73.23M · 7.3%
Geographic
$1.01B totalTW$318.77M · 31.7%
KR$279.42M · 27.8%
US$121.07M · 12.0%
JP$95.43M · 9.5%
CN$70.66M · 7.0%
Southeast Asia$64.34M · 6.4%
Europe$55.58M · 5.5%
Peer comparison
Same SIC group: Measuring & Controlling Devices, NEC
Comparing ONTO INNOVATION INC. against the 5 most active filers in the same SIC group.