ONTONYSEMeasuring & Controlling Devices, NECFiscal year ends December 26
ONTO INNOVATION INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$226.28+5.58 (+2.53%)
Close on Oct 19, 2026
- Market cap
- $11.24B
- P/E (TTM)
- 85.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
49.7%−0.3 pts over 5 years
Operating margin
13.2%+18.0 pts over 5 years
Net margin
13.6%+8.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.8% | +0.0% | +12.6% | +18.3% | |
| Gross profit | -3.0% | -2.5% | +12.4% | +18.7% | |
| Operating income | -29.0% | -17.5% | – | +38.9% | |
| Net income | -32.2% | -15.1% | +34.5% | +47.0% | |
| EPS, diluted | -31.5% | -14.8% | +34.6% | +36.9% | |
| Free cash flow | +40.2% | +36.3% | +24.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 18.3% | 2.5% | 6.8% | |
| Return on assets | 16.8% | 2.1% | 6.1% | |
| Current ratio | 5.15 | 6.09 | 5.79 | |
| Interest coverage | 102.1× | – | – | |
| Inventory turnover | 2.5× | 1.5× | 1.7× | |
| Capex to revenue | 1.8% | 0.7% | 2.8% | |
| Diluted shares | 25M | 49M | 49M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Onto Innovation generated $1.06B from operations and spent $281.97M on capital expenditure, dividends and share buybacks. 40% of that went back into the business.
Generated
$1.06B
Used
$281.97M
Capital expenditure$113.43M40%Dividends$00%Share buybacks$168.54M60%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.6%
×Asset turnover0.45×
×Equity multiplier1.11×
=Return on equity, FY20256.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.6% | 0.45× | 1.11× | 6.8% |
| FY2024 | 20.4% | 0.49× | 1.10× | 11.0% |
| FY2023 | 14.9% | 0.44× | 1.11× | 7.3% |
| FY2022 | 22.2% | 0.58× | 1.14× | 14.8% |
| FY2021 | 18.0% | 0.51× | 1.16× | 10.6% |
| FY2020 | 5.6% | 0.38× | 1.15× | 2.5% |
| FY2019 | 73.0% | 0.33× | 1.15× | 27.5% |
| FY2018 | 16.5% | 0.75× | 1.05× | 13.0% |
| FY2017 | 12.9% | 0.85× | 0.95× | 10.5% |
| FY2016 | 19.9% | 0.85× | 1.09× | 18.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$136.76M
- Cash generatingOperating cash flow above zero$328.32M
- Return on assets improvedROA up on the prior year10.6% → 6.5%
- Earnings backed by cashOperating cash flow above net income$328.32M vs $136.76M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose8.69 → 5.79
- No dilutionShare count did not rise50M → 49M
- Gross margin improvedGross margin up on the prior year52.19% → 49.72%
- More efficientAsset turnover rose0.52 → 0.47