A Business at a Glance
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Onto Innovation® is a worldwide leader in the design, development, manufacture and support of metrology and inspection tools for the semiconductor industry, including process control tools that perform optical metrology and inspection on patterned and unpatterned wafers, including macro defect inspection of both 2D and 3D wafer features, wafer substrate and panel substrate lithography systems, and process control analytical software. Our products are primarily used by silicon wafer manufacturers, semiconductor integrated circuit (“IC”) fabricators, and advanced packaging manufacturers operating in the semiconductor market.
| Metric | TTM | FY2026 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 1.0B | 987M | 816M | 1.0B | 556M |
| Net Income | 175M | 137M | 202M | 121M | 223M | 31M |
| EPS | $3.55 | $2.78 | $4.06 | $2.46 | $4.49 | $0.63 |
| Free Cash Flow | 261M | 300M | 214M | 149M | 118M | 102M |
| ROIC | 13.0% | - | 14.7% | 9.2% | 18.0% | 2.5% |
| Gross Margin | 50.7% | 49.7% | 52.2% | 51.5% | 53.6% | 50.0% |
| Debt/Equity | 0.05 | - | 0.06 | 0.07 | 0.08 | 0.08 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 162M | 133M | 187M | 116M | 237M | -27M |
| Operating Margin | 16.1% | 13.2% | 19.0% | 14.2% | 23.5% | -4.8% |
| ROE | 8.7% | - | 11.0% | 7.3% | 14.8% | 2.5% |
| Shares Outstanding | 49M | 49M | 50M | 49M | 50M | 49M |
ONTO INNOVATION INC. passes 3 of 9 quality checks, indicating weak fundamentals.
ONTO INNOVATION INC. trades at 76.8x trailing earnings, compared to its 15-year median P/E of 52.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 45.2x vs a median of 33.7x. The company's 5-year average ROIC is 11.1% with a gross margin of 51.4%. Total shareholder yield (buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is +29.1%.
ONTO INNOVATION INC. (ONTO) has a current P/E ratio of 76.8, compared to its historical median P/E of 52.6. The stock is currently considered Expensive based on its historical valuation range.
ONTO INNOVATION INC. (ONTO) has a 5-year average return on invested capital (ROIC) of 11.1%. This indicates solid capital allocation.
ONTO INNOVATION INC. (ONTO) has a market capitalization of $12.4B. It is classified as a large-cap stock.
ONTO INNOVATION INC. (ONTO) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.81%.
Based on historical P/E analysis, ONTO INNOVATION INC. (ONTO) appears expensive. The current P/E of 76.8 is 46% above its historical median of 52.6. The estimated fair value CAGR (P/E method) is 59.1%.
ONTO INNOVATION INC. (ONTO) operates in the Measuring & Controlling Devices, Nec industry, within the Technology sector.
ONTO INNOVATION INC. (ONTO) reported annual revenue of $1.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
ONTO INNOVATION INC. (ONTO) has a net profit margin of 13.6%. This is a healthy margin.
ONTO INNOVATION INC. (ONTO) generated $300 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ONTO INNOVATION INC. (ONTO) reported earnings per share (EPS) of $2.78 in its most recent fiscal year.
ONTO INNOVATION INC. (ONTO) has a 5-year average gross margin of 51.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for ONTO INNOVATION INC. (ONTO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.