Onto Innovation Inc.

Industrials
Industrial Machinery/Components
www.ontoinnovation.com

Earnings Score
Moat Score

Market Cap $4.72B
PE 22
Debt -
Cash $203.73M
EV -
FCF $247.36M

Earnings

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Sales & Net Margins

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Earnings	$218.91M
EBIT	$241.21M
ROE	11%
ROA	11%
FCF	$247.36M
Equity	$1.92B
Growth Stability	5%
PE	21.58
PEG	0.75
PB	2.46
P/FCF	19.1
P/S	4.61
Price/Cash	0.04
Net Margins	24%
Gross Margins	53%
Op. Margins	24%
Earnings CAGR	20%
Sales Growth YoY	17%
Sales Growth QoQ	1%
Sales CAGR	19%
FCF CAGR	21%
Equity CAGR	31%
Earnings Stability	0.36
Earnings Growth YoY	37%

Earnings Growth QoQ	31%
Earnings CAGR 5Y	29%
Sales CAGR 5Y	16%
FCF CAGR 5Y	20%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	0%
Sales CAGR 3Y	0%
FCF CAGR 3Y	28%
Equity CAGR 3Y	9%
Market Cap	$4.72B
Revenue	$1.03B
Assets	$2.12B
Cash	$203.73M
Shares Outstanding	49.18M
Earnings Score	29%
Moat Score	93%
Working Capital	1.29B
Current Ratio	8.42
Gross Profit	$540.26M
Shares Growth 3y	0%
Equity Growth QoQ	-0%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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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. The company mainly operates in the United States, Asia, and Europe, with China and South Korea the largest sources of total revenue.

SEC Filings

Direct access to Onto Innovation Inc. (ONTO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 29
2024
- 10-K Dec 28
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 30
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01

Sector Comparison

How does Onto Innovation Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Onto Innovation Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 20%

Stability 36%

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Onto Innovation Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Onto Innovation Inc..

Years

Calculation mode

= $11B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$247M	$300M	$365M	$443M	$538M	$653M	$792M	$962M	$1.2B	$1.4B	$1.7B	$17B
DCF		$273M	$301M	$333M	$367M	$405M	$447M	$494M	$545M	$601M	$664M	$6.6B
Value	$11B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	2%	20%	12%	16%	1%	6%	18%	22%	15%	20%	24%
ROA	-	10%	14%	13%	-0%	2%	9%	13%	7%	10%	11%
ROE	-	18%	12%	12%	0%	2%	10%	14%	7%	10%	11%

Good Net Margins (24.04%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	5%	100%	100%	100%	92%	100%	5%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (5%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	18%	17%	6%	12%	82%	42%	27%	-19%	21%	16%
Earnings YoY growth	-	1K%	-31%	49%	-96%	2K%	359%	57%	-46%	66%	29%
Equity YoY growth	-	30%	8%	38%	249%	0%	13%	12%	9%	11%	11%
FCF YoY growth	-	-15K%	-63%	79%	-59%	801%	60%	-28%	26%	43%	20%