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ONTO INNOVATION INC. (ONTO)

As-reported financials and SEC filings for ONTO INNOVATION INC. The latest annual period is FY2024. The latest reported quarter is Q2 FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ONTO INNOVATION INC.

Onto Innovation Inc. designs, develops, manufactures, and supports metrology and inspection tools for the semiconductor industry. Its products include optical metrology and inspection systems for wafers, lithography systems, and process control software used by silicon wafer manufacturers, semiconductor integrated circuit fabricators, and advanced packaging manufacturers. The company also serves specialty device markets such as LEDs, MEMS, CMOS image sensors, and power devices.

Snapshot

Revenue
$1.01B
Revenue growth (YoY)
1.8%
Net income
$136.8M
Diluted EPS
$2.78
Gross margin
49.7%
Operating margin
13.2%
Net margin
13.6%
FCF margin
29.8%
ROE
6.5%
net income / fiscal-year-end equity
P/E
101.0×
trailing when available, otherwise FY EPS
Market cap
$16.55B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2024, the latest annual period (ended January 3, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Onto Innovation

  • Revenue grew 1.8% to $1.0B in FY2024, slower than the 21.0% the year before.
  • Operating margin turned positive at 13.2% in FY2024, from a 19.8% operating loss in FY2019.
  • Most recent quarter Q2 FY2025: revenue $343M, up 35.3% from Q2 FY2024.
  • Free cash flow was $300M in FY2024, 29.8% of revenue.
  • Net income fell 32.2% to $137M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Onto Innovation’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin49.7%
35th percentile of 282
Operating margin13.2%
75th percentile of 399
Net margin13.6%
81st percentile of 418
FCF margin29.8%
94th percentile of 372
Revenue growth (YoY)+1.8%
32nd percentile of 538
ROE6.5%
68th percentile of 473
P/E101.0×
91st percentile of 201
Short interest2.04d
21st percentile of 557

Onto Innovation’s FCF margin of 29.8% ranks in the 94th percentile of the 372 Healthcare companies reporting it. Onto Innovation’s P/E of 101.0 ranks in the 91st percentile of the 201 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $302,300. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$1.23B
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$367.9M972.2KReduced
Two Sigma InvestmentsquantQ2 2026$239.5M633.0KAdded
AQR Capital ManagementquantQ2 2026$179.4M477.1KReduced
D. E. ShawquantQ2 2026$140.7M371.8KReduced
Citadel AdvisorsquantQ2 2026$129.5M342.2KAdded
Millennium ManagementquantQ2 2026$59.8M158.0KAdded
Gotham Asset ManagementQ2 2026$48.2M127.4KReduced
Bridgewater AssociatesQ2 2026$37.5M99.0KReduced
First Eagle Investment ManagementQ2 2026$30.0M79.3KAdded
Maverick CapitalQ2 2026$785,2842.1KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$302K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
filed 2026-08-25
Lynch Susan DDirectorSell1.0K$302.30$302K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.6M
settled 2026-08-14
Change vs prior
-3.3%
vs previous settlement
Days to cover
2.04
at avg daily volume
Avg daily volume
1.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.6M-3.3%2.04
2026-07-312.6M-1.4%2.28
2026-07-152.7M+2.2%2.03
2026-06-302.6M+2.1%1.65
2026-06-152.6M+31.6%1.97
2026-05-292.0M+78.5%1.25
2026-05-151.1M+8.7%1.08
2026-04-301.0M-14.7%1.01

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2024FY2022FY2021FY2020FY2019
Revenue$1.01B$987.3M$815.9M$1.01B$788.9M
Gross profit$499.8M$515.3M$420.3M$539.2M$429.1M
Operating income$132.9M$187.1M$116.1M$236.7M$-156.4M
Net income$136.8M$201.7M$121.2M$223.3M$142.3M
Diluted EPS$2.78$4.06$2.46$4.49$2.86

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2024FY2022FY2021FY2020FY2019
Cash and equivalents$346.1M$212.9M$233.5M$175.9M$169.6M
Current assets$1.27B$1.48B$1.28B$1.13B$948.1M
Total assets$2.37B$2.12B$1.91B$1.79B$1.65B
Current liabilities$218.9M$170.1M$147.7M$160.6M$154.5M
Long-term debt
Total liabilities$267.1M$191.2M$173.2M$198.4M$223.8M
Total equity$2.10B$1.93B$1.74B$1.60B$1.43B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2024FY2022FY2021FY2020FY2019
Operating cash flow$328.3M$245.7M$172.0M$136.7M$175.3M
Capital expenditure$28.5M$31.9M$22.6M$18.4M$12.0M
Free cash flow$299.8M$213.8M$149.4M$118.3M$163.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2025$343.1M35.3%$60.1M$1.21
Q1 FY2025$291.9M9.5%$33.8M$0.67
Q4 FY2024$266.9M$10.5M$0.21
Q3 FY2024$218.2M$28.2M$0.57
Q2 FY2024$253.6M$33.9M$0.69
Q1 FY2024$266.6M$64.1M$1.30
Q4 FY2022$263.9M20.6%$48.8M$0.98
Q3 FY2022$252.2M21.7%$53.1M$1.07

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryMeasuring & Controlling Devices, NEC
Latest annual periodFY2024 (ended January 3, 2026)
Latest reported quarterQ2 FY2025 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK704532

Selected SEC filings

10-K2026-02-24
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-05-21
View on EDGAR →
8-K2026-05-20
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.