Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment.
It is a $14.4B technology company. Revenue grew 8.1% over the last year, and it holds more cash than debt.
- Website
- ontoinnovation.com
- Location
- Wilmington, MA
- Employees
- 1 790
- Sector
- Technology
- Founded
- 1975
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health and quality; Valuation and Profitability lag behind.
Valuation10
- P/E vs own history96th pct · 0/25
- FCF yield1.7% · 5/25
- P/S12.9x · 5/25
- EV/EBITDA74.7x · 0/25
Growth62
- Revenue CAGR6.2% · 12/25
- Net income CAGR-1.0% · 0/25
- EPS CAGR ~5Y34.7% · 25/25
- Fwd implied growth200.3% · 25/25
Profitability49
- ROIC9.2% · 12/25
- ROE6.5% · 5/25
- Net margin11.8% · 20/25
- Operating margin12.0% · 12/25
Health100
- Altman Z6.29 · 25/25
- Current ratio9.73 · 25/25
- Interest coverage174.0x · 25/25
- Net cash / debtNet cash · 25/25
Quality77
- Piotroski F5/9 · 15/25
- Beneish M-2.76 · 25/25
- FCF conversion190% · 25/25
- Margin stabilityσ 10.9% · 12/25
Moat70
- ROIC >12% years6/10 yrs · 13/25
- Median gross margin52.6% · 20/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 0.6% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2022FinancialRevenue crossed $1B$1.01B for the year
- FY2022FinancialBest year on record$223M net income
- 2019AcquisitionOnto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2015AcquisitionRudolph acquired the inspection technology of Stella Alliance in 2015, adding patents to enhance its inspection…
- 2013AcquisitionRudolph announced the acquisition of selected assets of Tamar Technology, Newbury Park, CA, a supplier of…
- 2009AcquisitionAdventa Control Technologies, Inc., a provider of process control software, was acquired in 2009
- 2008AcquisitionThe acquisition of RVSI Inspection LLC and its Wafer Scanner inspection system was announced in 2008
- 2007AcquisitionThe company acquired the semiconductor business of Washington-based Applied Precision LLC, adding probe…
- 2002AcquisitionRTI agreed to acquire the Richardson, Texas-based defect control company ISOA, Inc
- 1999IPORTI made its initial public offering of common stock
- 1975FoundedNanometrics was founded in 1975 and was a pioneer and innovator in the field of optical metrology
- 1970MilestoneOriginally an importer of microscopes and scientific instruments, this RTI predecessor was renamed in October 1970…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (55.1%)
- Strong cash conversion — FCF is 22.5% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 174.0× by operating earnings
- Altman Z-Score 6.29 — low bankruptcy-risk zone
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+8.1% YoY
- Profitable — makes more than it spendsno data
- Profit growing — earnings are higher than last year-14.8% YoY
- Generates cash — cash left after running and investing$252M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$14.4B market cap
- Not printing shares — share count not ballooning — you keep your slice-0.6% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 6.3 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 109.0
Peer comparisonOnto Innovation Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ONTO this company | $14.4B | 109.0 | +8.1% | — | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: ONTO vs NVDA · ONTO vs AAPL · ONTO vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ONTO
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Deeper analysis of ONTO on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $294.00 · market cap $14.4B.