NYSE : ONTO
Onto Innovation Inc. — Financial statements
Technology · Semiconductor Equipment & Materials · United States
Last price 201.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.89B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Onto Innovation Inc. (ONTO) reported revenue of 1.12B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.12B | 1.01B | 987.32M | 815.87M | 1.01B | 788.90M |
| Cost of Revenue | 498.55M | 456.53M | 457.94M | 388.59M | 465.96M | 359.42M |
| Gross Profit | 621.59M | 548.74M | 529.38M | 427.28M | 539.22M | 429.48M |
| Selling, General & Admin | 192.35M | 164.53M | 155.90M | 141.34M | 135.27M | 125.19M |
| Research & Development | 142.63M | 131.98M | 113.86M | 104.44M | 111.95M | 96.12M |
| Amortization of Goodwill & Intangibles | 61.92M | 39.41M | 49.44M | 54.82M | 55.28M | 51.37M |
| Operating Expenses | 396.90M | 335.92M | 319.20M | 300.60M | 302.51M | 272.68M |
| Operating Income | 224.69M | 212.82M | 210.18M | 126.68M | 236.71M | 156.80M |
| Interest & Investment Income | 27.42M | 34.97M | 33.49M | 20.36M | 5.01M | 1.16M |
| Currency Exchange Gain (Loss) | -3.12M | -4.43M | -276.00K | -4.09M | -73.00K | -2.02M |
| Other Non Operating Income (Expenses) | -859.00K | -565.00K | 131.00K | 239.00K | -68.00K | 132.00K |
| EBT Excluding Unusual Items | 248.13M | 242.79M | 243.52M | 143.18M | 241.58M | 156.07M |
| Merger & Restructuring Charges | -90.08M | -79.89M | -23.08M | -10.60M | -393.00K | |
| Pretax Income | 158.05M | 162.90M | 220.45M | 132.58M | 241.58M | 155.68M |
| Income Tax Expense | 25.45M | 26.14M | 18.78M | 11.42M | 18.25M | 13.33M |
| Net Income | 132.60M | 136.76M | 201.67M | 121.16M | 223.33M | 142.35M |
| Net Income to Common | 132.60M | 136.76M | 201.67M | 121.16M | 223.33M | 142.35M |
| Shares Outstanding (Basic) | 49.38M | 49.12M | 49.34M | 48.97M | 49.42M | 49.24M |
| Shares Outstanding (Diluted) | 49.59M | 49.27M | 49.66M | 49.32M | 49.76M | 49.73M |
| EPS (Basic) | 2.69 | 2.78 | 4.09 | 2.47 | 4.52 | 2.89 |
| EPS (Diluted) | 2.68 | 2.78 | 4.06 | 2.46 | 4.49 | 2.86 |
| Free Cash Flow | 252.47M | 299.80M | 213.77M | 149.40M | 118.30M | 163.24M |
| Free Cash Flow Per Share | 5.09 | 6.08 | 4.30 | 3.03 | 2.38 | 3.28 |
| Gross Margin | 55.49% | 54.59% | 53.62% | 52.37% | 53.64% | 54.44% |
| Operating Margin | 20.06% | 21.17% | 21.29% | 15.53% | 23.55% | 19.88% |
| Profit Margin | 11.84% | 13.60% | 20.43% | 14.85% | 22.22% | 18.04% |
| Free Cash Flow Margin | 22.54% | 29.82% | 21.65% | 18.31% | 11.77% | 20.69% |
| EBITDA | 309.01M | 273.25M | 272.49M | 193.89M | 301.38M | 222.60M |
| EBITDA Margin | 27.59% | 27.18% | 27.60% | 23.77% | 29.98% | 28.22% |
| D&A For EBITDA | 84.32M | 60.44M | 62.31M | 67.21M | 64.66M | 65.80M |
| EBIT | 224.69M | 212.82M | 210.18M | 126.68M | 236.71M | 156.80M |
| EBIT Margin | 20.06% | 21.17% | 21.29% | 15.53% | 23.55% | 19.88% |
| Effective Tax Rate | 16.10% | 16.05% | 8.52% | 8.62% | 7.55% | 8.56% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.25B | 346.12M | 212.94M | 233.51M | 175.87M | 169.60M |
| Short-Term Investments | 628.95M | 293.50M | 639.38M | 464.30M | 371.91M | 341.74M |
| Cash & Short-Term Investments | 1.88B | 639.62M | 852.33M | 697.81M | 547.78M | 511.34M |
| Accounts Receivable | 337.38M | 268.93M | 308.14M | 226.56M | 241.40M | 177.21M |
| Receivables | 337.38M | 268.93M | 308.14M | 226.56M | 241.40M | 177.21M |
| Inventory | 379.24M | 298.26M | 286.98M | 327.77M | 324.28M | 243.11M |
| Prepaid Expenses | 41.88M | 61.13M | 30.01M | 31.13M | 21.41M | 16.43M |
| Other Current Assets | 1.28M | 89.00K | 61.00K | |||
| Total Current Assets | 2.64B | 1.27B | 1.48B | 1.28B | 1.13B | 948.09M |
| Property, Plant & Equipment | 123.72M | 143.43M | 137.81M | 121.97M | 112.73M | 99.58M |
| Goodwill | 643.47M | 644.01M | 329.98M | 315.81M | 315.81M | 315.81M |
| Other Intangible Assets | 258.70M | 298.10M | 127.46M | 167.38M | 222.20M | 277.28M |
| Long-Term Deferred Tax Assets | 4.41M | 3.86M | 42.81M | 18.84M | 4.78M | 4.82M |
| Other Long-Term Assets | 18.81M | 10.30M | 1.51M | 2.45M | 4.48M | 4.23M |
| Total Assets | 3.70B | 2.37B | 2.12B | 1.91B | 1.79B | 1.65B |
| Accounts Payable | 139.43M | 107.69M | 56.26M | 49.87M | 54.53M | 53.34M |
| Accrued Expenses | 55.29M | 45.31M | 41.36M | 38.45M | 40.99M | 34.86M |
| Current Portion of Leases | 6.22M | 5.42M | 5.49M | 5.68M | 3.97M | |
| Current Income Taxes Payable | 5.26M | 8.49M | 3.21M | 1.91M | 6.32M | |
| Current Unearned Revenue | 35.92M | 31.78M | 33.83M | 24.76M | 30.16M | 29.98M |
| Other Current Liabilities | 41.01M | 22.70M | 24.74M | 25.94M | 27.29M | 26.06M |
| Total Current Liabilities | 271.64M | 218.95M | 170.09M | 147.73M | 160.56M | 154.53M |
| Long-Term Leases | 11.26M | 9.74M | 14.03M | 16.34M | 13.75M | |
| Long-Term Unearned Revenue | 8.68M | 6.25M | 4.01M | 2.46M | 2.85M | 1.69M |
| Long-Term Deferred Tax Liabilities | 2.10M | 20.40M | 4.00K | 7.37M | 40.28M | |
| Other Long-Term Liabilities | 22.23M | 10.24M | 7.36M | 8.96M | 11.32M | 13.50M |
| Total Liabilities | 1.78B | 267.09M | 191.21M | 173.18M | 198.44M | 223.76M |
| Common Stock | 50.00K | 50.00K | 49.00K | 49.00K | 49.00K | 49.00K |
| Additional Paid-In Capital | 1.10B | 1.37B | 1.28B | 1.26B | 1.24B | 1.26B |
| Retained Earnings | 837.64M | 743.78M | 664.55M | 482.36M | 362.76M | 168.51M |
| Comprehensive Income & Other | -13.05M | -10.02M | -13.86M | -7.90M | -10.01M | 1.32M |
| Shareholders' Equity | 1.92B | 2.10B | 1.93B | 1.74B | 1.60B | 1.43B |
| Total Liabilities & Equity | 3.70B | 2.37B | 2.12B | 1.91B | 1.79B | 1.65B |
| Total Debt | 1.47B | 17.48M | 15.16M | 19.52M | 22.02M | 17.72M |
| Net Cash (Debt) | 410.42M | 622.15M | 837.17M | 678.29M | 525.76M | 493.62M |
| Net Cash Per Share | 8.28 | 12.63 | 16.86 | 13.75 | 10.57 | 9.93 |
| Filing Date Shares Outstanding | 49.07M | 49.70M | 49.27M | 49.13M | 48.75M | 49.36M |
| Total Common Shares Outstanding | 49.03M | 49.70M | 49.24M | 49.09M | 48.68M | 49.30M |
| Working Capital | 2.37B | 1.05B | 1.31B | 1.14B | 974.31M | 793.56M |
| Book Value Per Share | 39.21 | 42.26 | 39.11 | 35.38 | 32.79 | 28.93 |
| Tangible Book Value | 1.02B | 1.16B | 1.47B | 1.25B | 1.06B | 832.96M |
| Tangible Book Value Per Share | 20.81 | 23.31 | 29.82 | 25.53 | 21.74 | 16.90 |
| Land | 47.72M | 47.77M | 46.58M | 47.89M | 50.34M | 48.30M |
| Machinery | 144.70M | 139.71M | 123.15M | 91.54M | 75.29M | 66.62M |
| Leasehold Improvements | 25.39M | 24.04M | 20.41M | 22.09M | 18.54M | 13.71M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 132.60M | 136.76M | 201.67M | 121.16M | 223.33M | 142.35M |
| Depreciation & Amortization | 84.32M | 60.44M | 62.31M | 67.21M | 64.66M | 65.80M |
| Asset Writedown & Restructuring Costs | 4.17M | 5.65M | ||||
| Loss (Gain) From Sale of Investments | -2.90M | -4.73M | -7.20M | -4.76M | ||
| Stock-Based Compensation | 31.15M | 27.62M | 28.58M | 25.51M | 24.43M | 19.54M |
| Other Operating Activities | 36.22M | 48.18M | -6.57M | -9.42M | -24.85M | -1.78M |
| Change in Accounts Receivable | 53.78M | 53.78M | -83.69M | 12.15M | -65.14M | -27.83M |
| Change in Inventory | -3.03M | -3.03M | 19.94M | -16.46M | -93.91M | -57.17M |
| Change in Accounts Payable | 50.94M | 50.94M | 6.22M | -4.68M | 1.18M | 12.14M |
| Change in Income Taxes | -20.16M | -20.16M | 3.11M | 1.80M | -5.01M | 1.31M |
| Change in Other Net Operating Assets | -96.70M | -21.47M | 17.13M | -20.53M | 6.35M | 20.93M |
| Operating Cash Flow | 266.22M | 328.31M | 245.68M | 171.97M | 136.70M | 175.28M |
| Capital Expenditures | -13.75M | -28.51M | -31.90M | -22.57M | -18.41M | -12.04M |
| Sale of Property, Plant & Equipment | 2.80M | |||||
| Cash Acquisitions | -436.07M | -436.12M | -26.76M | -4.64M | -23.80M | |
| Investment in Securities | 50.30M | 343.07M | -167.88M | -83.61M | -32.64M | -105.96M |
| Investing Cash Flow | -399.51M | -121.57M | -226.55M | -103.39M | -55.69M | -141.79M |
| Net Debt Issued (Repaid) | 1.47B | |||||
| Issuance of Common Stock | 15.15M | 13.40M | 9.18M | 5.29M | 8.07M | 10.07M |
| Repurchase of Common Stock | -221.19M | -88.55M | -44.11M | -13.96M | -74.13M | -7.40M |
| Other Financing Activities | -92.70M | -737.00K | -801.00K | -2.29M | ||
| Financing Cash Flow | 1.17B | -75.15M | -35.67M | -9.47M | -68.35M | 2.67M |
| Foreign Exchange Rate Adjustments | -2.02M | 1.58M | -4.02M | -1.48M | -6.39M | -3.28M |
| Miscellaneous Cash Flow Adjustments | 1.00K | -1.00K | ||||
| Net Cash Flow | 1.04B | 133.17M | -20.56M | 57.64M | 6.27M | 32.88M |
| Free Cash Flow | 252.47M | 299.80M | 213.77M | 149.40M | 118.30M | 163.24M |
| Free Cash Flow Margin | 22.54% | 29.82% | 21.65% | 18.31% | 11.77% | 20.69% |
| Free Cash Flow Per Share | 5.09 | 6.08 | 4.30 | 3.03 | 2.38 | 3.28 |
| Levered Free Cash Flow | 202.95M | 237.39M | 173.05M | 138.31M | 72.61M | 127.43M |
| Unlevered Free Cash Flow | 202.95M | 237.39M | 173.05M | 138.31M | 72.61M | 127.43M |
| Cash Income Tax Paid | 8.52M | 36.04M | 35.51M | 34.10M | 58.69M | 23.77M |
| Change in Working Capital | -15.17M | 60.06M | -37.28M | -27.73M | -156.52M | -50.63M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.89B | 8.24B | 8.43B | 7.50B | 3.37B | 4.99B |
| Enterprise Value | 9.48B | 7.27B | 7.59B | 6.90B | 2.84B | 4.55B |
| Last Close Price | 201.57 | 165.87 | 170.66 | 152.90 | 68.09 | 101.23 |
| PE Ratio | 75.30 | 60.22 | 41.80 | 61.94 | 15.10 | 35.04 |
| Forward PE | 19.56 | 30.10 | 27.37 | 34.39 | 15.46 | 22.60 |
| PS Ratio | 8.83 | 8.19 | 8.54 | 9.20 | 3.35 | 6.32 |
| PB Ratio | 5.14 | 3.92 | 4.38 | 4.32 | 2.11 | 3.50 |
| P/TBV Ratio | 9.69 | 7.11 | 5.74 | 5.99 | 3.19 | 5.99 |
| P/FCF Ratio | 39.18 | 27.47 | 39.43 | 50.23 | 28.50 | 30.56 |
| P/OCF Ratio | 37.16 | 25.09 | 34.31 | 43.64 | 24.66 | 28.46 |
| PEG Ratio | 0.49 | 1.00 | 0.91 | |||
| EV/Sales Ratio | 8.46 | 7.23 | 7.69 | 8.45 | 2.83 | 5.76 |
| EV/EBITDA Ratio | 30.68 | 26.59 | 27.86 | 35.56 | 9.43 | 20.42 |
| EV/EBIT Ratio | 42.20 | 34.14 | 36.11 | 54.43 | 12.00 | 28.99 |
| EV/FCF Ratio | 37.55 | 24.24 | 35.51 | 46.15 | 24.01 | 27.85 |
| Debt / Equity Ratio | 0.77 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 4.76 | 0.06 | 0.05 | 0.10 | 0.07 | 0.08 |
| Debt / FCF Ratio | 5.83 | 0.06 | 0.07 | 0.13 | 0.19 | 0.11 |
| Net Debt / Equity Ratio | -0.21 | -0.30 | -0.43 | -0.39 | -0.33 | -0.35 |
| Net Debt / EBITDA Ratio | -1.33 | -2.28 | -3.07 | -3.50 | -1.75 | -2.22 |
| Net Debt / FCF Ratio | -1.63 | -2.08 | -3.92 | -4.54 | -4.44 | -3.02 |
| Asset Turnover | 0.38 | 0.45 | 0.49 | 0.44 | 0.58 | 0.51 |
| Inventory Turnover | 1.53 | 1.56 | 1.49 | 1.19 | 1.64 | 1.66 |
| Quick Ratio | 8.17 | 4.15 | 6.82 | 6.26 | 4.92 | 4.46 |
| Current Ratio | 9.73 | 5.79 | 8.69 | 8.69 | 7.07 | 6.13 |
| Return on Equity (ROE) | 6.83% | 6.79% | 11.01% | 7.27% | 14.78% | 10.58% |
| Return on Assets (ROA) | 4.81% | 5.93% | 6.52% | 4.27% | 8.59% | 6.29% |
| Return on Invested Capital (ROIC) | 12.61% | 13.92% | 17.91% | 10.88% | 21.85% | 15.55% |
| Return on Capital Employed (ROCE) | 6.60% | 9.90% | 10.80% | 7.20% | 14.50% | 10.50% |
| Earnings Yield | 1.33% | 1.66% | 2.39% | 1.61% | 6.62% | 2.85% |
| FCF Yield | 2.55% | 3.64% | 2.54% | 1.99% | 3.51% | 3.27% |
| Buyback Yield / Dilution | -0.30% | 0.78% | -0.69% | 0.90% | -0.07% | -0.51% |