Onto Innovation Inc. logo ONTO - Onto Innovation Inc.

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0
BUY 11
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| PRICE TARGET: $331.67 DETAILS
HIGH: $370.00
LOW: $275.00
MEDIAN: $340.00
CONSENSUS: $331.67
UPSIDE: 26.47%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 1,005.3 987.3 815.9 1,005.2 788.9 556.5 305.9 273.8 255.1 232.8 221.7 181.2 176.2 218.5 187.2 195.3 78.7 131.0 160.1 201.2 82.9 84.2 58.5 57.4 79.4 88.1 38.1 20.1 36.7 30.3 22.8
Cost of Revenue 505.5 472.0 395.6 466.0 359.8 278.0 170.9 125.5 120.5 109.2 102.3 85.7 85.5 102.8 86.8 91.4 49.8 87.4 78.9 103.7 44.4 44.6 33.2 33.6 39.8 41.2 16.7 12.4 15.7 14.2 11.6
Gross Profit 499.8 515.3 420.3 539.2 429.1 278.5 135.0 148.3 134.6 123.6 119.4 95.5 90.7 115.7 100.4 103.9 28.9 43.7 81.2 97.4 38.5 39.7 25.3 23.9 39.6 46.9 21.4 7.7 21 16.1 11.2
Operating Expenses
R&D Expenses 132.0 116.8 104.4 112.0 96.1 84.6 48.4 49.1 47.0 45.0 41.2 40.6 40.0 39.3 36.3 33.4 26.0 31.6 30.0 37.5 11.9 15.8 13.4 11.8 11.6 9.0 5 5.1 3 2.8 2.6
SG&A Expenses 177.0 162.0 144.9 135.3 125.2 113.4 81.3 55.7 48.7 38.6 43.2 53.8 41.5 40.2 40.8 38.2 33.6 34.0 33.2 34.7 20.4 15.2 10.6 11.0 12.2 14.5 9.6 7.1 8.8 7.2 5.9
Other Expenses 57.8 49.4 54.8 55.3 51.4 53.7 10.4 1.5 (11.1) (12.3) 2.1 2.4 2.6 1.9 1.8 1.7 1.4 233.0 5.5 4.0 0.9 0.9 0.9 3.9 0.3 1 2 5 0 (0.1) 0
Operating Expenses 366.8 328.2 304.2 302.5 272.7 251.8 140.1 97.2 88.3 85.8 86.6 96.8 84.1 81.4 78.9 73.3 61.0 298.6 67.7 76.2 33.1 31.9 24.8 23.3 24.1 24.5 16.6 17.2 11.8 9.9 8.5
Operating Income
Operating Income 132.9 187.1 116.1 236.7 156.4 26.7 (5.0) 51.1 59.3 52.3 32.8 (1.3) 6.6 34.3 21.5 30.6 (32.1) (255.0) 12.6 21.2 5.4 7.7 0.5 (2.9) 15.5 22.4 4.8 (9.5) 9.1 6.2 2.6
Interest Expense 0 0 0 0 0 0 0 2.2 1.0 2.9 5.8 5.4 5.1 4.4 1.3 0 0.3 0 0 0 0 0 0 0 0 0 0 4.2 0.4 0.3 0.2
Interest Income 35.0 33.5 20.4 5.0 1.2 2.9 3.7 0.0 0.0 0.0 0.1 0.0 0.1 0 0.2 0.2 0.3 1.2 4.1 3.3 1.4 1.9 1.6 2.0 2.8 2.2 0 0 0 0 0
Profitability
EBITDA 223.3 249.4 183.3 301.4 222.2 94.3 11.4 57.5 52.2 43.7 38.9 5.8 13.5 40.2 27.8 36.4 (22.6) (16.1) 23.8 29.9 8.0 9.9 2.6 2.2 16.8 23.4 6.8 (4.5) 10 7.3 4
EBIT 162.9 187.1 116.1 236.7 156.4 26.7 (5.0) 51.1 46.3 37.7 32.8 (1.3) 6.6 34.3 21.5 30.6 (31.2) (27.8) 13.6 21.2 5.4 7.7 0.5 0.6 15.5 22.4 4.8 (9.5) 9.8 7 3.7
Income Before Tax 162.9 220.4 132.6 241.6 155.7 26.9 (0.6) 53.3 59.8 49.9 26.8 (6.7) 1.5 29.4 20.4 30.5 (31.9) (253.8) 16.7 24.4 6.8 9.6 2.1 (0.8) 18.2 24.6 1.1 (13.5) 9.4 6.7 3.5
Income Tax Expense 26.1 18.8 11.4 18.2 13.3 (4.2) (2.5) 8.2 26.9 12.9 8.9 (2.1) (1.9) (14.5) (4.8) 3.5 (2.2) (4.1) 4.8 11.7 1.8 2.9 0.3 0.6 6.5 (0.4) (2.2) 0.6 3.6 2.7 (0.8)
Net Income 136.8 201.7 121.2 223.3 142.3 31.0 1.9 45.1 32.9 37.0 18.0 (4.6) 3.5 43.9 25.2 27.0 (29.6) (249.7) 11.9 12.7 5.0 6.8 1.8 (1.4) 11.7 23.6 2.9 (14.1) 5.8 4 4.3
Per Share Data
EPS (Basic) 2.78 4.09 2.47 4.52 2.89 0.63 0.06 1.42 1.05 1.19 0.57 -0.14 0.11 1.36 0.98 1.07 -0.96 -8.16 0.41 0.47 0.29 0.40 0.11 -0.09 0.74 1.60 0.30 -3.13 0.66 0.47 0.52
EPS (Diluted) 2.78 4.06 2.46 4.49 2.86 0.63 0.06 1.40 1.02 1.16 0.56 -0.14 0.10 1.34 0.97 1.07 -0.96 -8.16 0.40 0.46 0.29 0.40 0.11 -0.09 0.71 1.49 0.22 -3.13 0.66 0.47 0.52
Shares Outstanding 49.1 49.3 49.0 49.4 49.2 49.1 29.7 31.7 31.5 31.1 31.4 33.1 32.8 32.2 25.6 25.2 30.9 30.6 29.2 27.3 16.9 16.7 16.4 16.2 15.9 14.8 7.9 4.5 8.8 8.5 8.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 346.1 212.9 233.5 175.9 169.6 136.7 130.7 175.1 177.4 37.9 57.8 67.7 12.6 41.2 42.0 94.6 29.7 35.1 0.4 3.7 1.7 3.6
Short-Term Investments 293.5 639.4 464.3 371.9 341.7 237.0 189.6 0 0 87.9 3.1 10.5 64.1 39.3 31.2 0 0 0 0 9.6 6.7 4.5
Net Receivables 268.9 308.1 226.6 241.4 177.2 149.3 123.7 64.2 72.5 67.3 23.0 26.5 20.8 10.2 17.5 14.4 27.1 9.5 4.4 10.2 11.1 7.6
Inventory 298.3 287.0 327.8 324.3 243.1 191.2 176.1 96.8 67.5 65.5 45.5 57.1 34.0 28.3 30.5 22.7 23.8 11.4 9.4 7.1 5.1 4
Other Current Assets 61.2 30.1 31.1 21.4 0 0 0.1 0 7.2 2.7 15.8 0 0 0 1.3 1.9 4.5 0.5 0.5 3.2 2.5 2.4
Total Current Assets 1,268.0 1,477.5 1,283.3 1,134.9 948.1 731.7 641.7 350.9 322.1 262.6 146.4 163.4 134.6 123.1 123.9 134.3 85.2 56.5 14.7 33.8 27.1 22.1
Non-Current Assets
Property, Plant & Equipment 143.4 137.8 122.0 92.0 82.1 88.0 122.0 18.9 17.3 11.9 12.8 19.1 8.3 6.8 7.5 5.2 3.8 3.1 2.6 2.2 2.6 2.9
Goodwill 644.0 330.0 315.8 315.8 315.8 306.6 307.1 22.5 22.5 22.5 3.3 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 298.1 127.5 167.4 222.2 277.3 318.4 372.0 7.4 8.6 10.3 12.1 11.4 22.7 23.6 24.5 2.2 2.5 2.9 3.3 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 10.3 1.5 2.5 25.2 21.7 21.3 4.4 5.5 0.5 0.6 (20.5) 0.6 1.2 0.6 0.8 0.3 7.0 2.4 0.5 0.2 0.2 (0.1)
Total Non-Current Assets 1,099.7 639.6 626.4 660.0 701.7 736.5 806.9 67.1 63.8 76.1 31.8 34.0 36.7 37.3 38.0 13.5 13.4 8.4 6.4 2.4 2.9 3.1
Total Assets 2,367.7 2,117.1 1,909.7 1,794.9 1,649.8 1,468.2 1,448.6 418.0 385.9 338.7 178.2 197.4 171.3 160.4 162.0 147.8 98.6 64.9 21.1 36.2 30 25.2
Current Liabilities
Account Payables 107.7 56.3 49.9 54.5 53.3 40.2 27.7 17.0 13.5 10.2 5.7 2.4 4.7 3.1 2.6 2.7 3.5 2.2 1.1 1.9 1.6 1.2
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0.3 0.4 1.2 0 0 0 0 0 12.1 0 0 0
Deferred Revenue 31.8 44.5 24.8 42.6 39.4 29.5 14.6 9.0 11.8 8.3 6.9 4.4 2.5 2.9 5.5 1.5 0 0 0 0 0 0
Other Current Liabilities 12.7 4.0 31.3 6.0 7.5 3.6 16.3 3.7 3.3 3.9 2.6 3.8 (0.1) 2.9 5.9 (0.4) 2.9 5.1 2.6 3.2 2.9 2.6
Total Current Liabilities 218.9 170.1 147.7 160.6 154.5 120.1 85.7 45.0 42.3 36.0 19.6 15.8 14.5 11.8 17.9 5.6 15.0 7.3 15.8 5.1 4.5 3.8
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25.4 2.6 3.3 3.5
Deferred Tax Liabilities 20.4 0.0 0 7.4 40.3 55.6 67.0 0.2 0.2 0.0 0.6 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 10.2 7.4 9.0 11.3 13.5 10.0 9.3 9.7 9.3 7.8 15.0 5.6 0 0 0 0 0.1 0 0.1 0 0.1 0.3
Total Non-Current Liabilities 48.1 21.1 25.5 37.9 69.2 83.3 98.8 11.2 10.5 9.0 7.5 5.6 3 0 0 3.6 0.1 2.4 25.5 2.6 3.4 3.8
Total Liabilities 267.1 191.2 173.2 198.4 223.8 203.4 184.6 56.2 52.8 45.0 27.1 21.3 14.5 11.8 17.9 5.6 15.0 7.3 41.3 7.7 7.9 7.6
Stockholders' Equity
Common Stock 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 13.2 11.8 11
Retained Earnings 743.8 664.5 482.4 362.8 168.5 26.2 (4.9) (6.8) (51.9) (84.7) (234.5) (204.9) 15.2 8.5 6.7 8.1 (3.6) (27.2) (30.1) 16.1 10.4 6.4
Accumulated Other Comprehensive Income (10.0) (13.9) (7.9) (10.0) 1.3 4.6 (0.6) (1.3) (1.2) (2.8) (1.8) (2.5) 1 (5.3) (0.3) (0.3) (0.3) (0.2) (0.2) (1.6) (0.4) 0.4
Total Stockholders' Equity 2,100.6 1,925.9 1,736.5 1,596.4 1,426.1 1,264.7 1,264.0 361.9 333.2 293.7 151.1 176.1 156.8 148.5 144.1 142.2 83.5 57.6 (20.2) 28.5 22.1 17.6
Total Liabilities & Equity 2,367.7 2,117.1 1,909.7 1,794.9 1,649.8 1,468.2 1,448.6 418.0 385.9 338.7 178.2 197.4 171.3 160.4 162.0 147.8 98.6 64.9 21.1 36.2 30 25.2
Debt Metrics
Total Debt 17.5 15.2 19.5 22.0 17.7 20.9 24.9 0 0 0 13.1 13.5 3.2 3.8 3.9 3.7 5.2 2.9 37.5 3.2 3.6 4.1
Net Debt (328.6) (197.8) (214.0) (153.8) (151.9) (115.8) (105.8) (175.1) (177.4) (37.9) (44.7) (54.2) (9.4) (37.4) (38.1) (90.9) (24.5) (32.2) 37.1 (0.5) 1.9 0.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 136.8 201.7 121.2 223.3 142.3 31.0 1.9 45.1 32.9 37.0 5.0 6.8 1.8 (1.4) 11.7 25.0 3.3 (14.1) 5.8 4 4.3
Depreciation & Amortization 60.4 62.3 67.2 64.7 65.8 67.6 16.4 6.4 5.9 6.0 2.6 2.2 2.2 1.6 1.4 1 2 5 0.2 0.3 0.3
Stock-Based Compensation 27.6 28.6 25.5 24.4 19.5 17.7 10.6 6.1 5.7 4.8 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 52.0 (44.5) (32.5) (156.5) (50.6) (28.7) (35.3) (29.2) (1.5) (11.0) (2.3) (14.1) 1.9 (3.4) 5.6 (23.9) (6) 2.4 6.1 4.3 8.1
Other Non-Cash Items 38.6 24.1 13.0 14.4 10.8 30.1 28.7 4.6 4.2 4.9 2.9 0.5 1.9 4.3 2.4 (6.8) 0 (0.2) (7.3) (8.5) (8.6)
Operating Cash Flow 328.3 245.7 172.0 136.7 175.3 106.0 18.1 35.1 64.4 46.6 8.1 (3.2) 6.6 1.3 23.0 (4.6) (0.7) (6.9) 4.2 0.4 2.3
Investing Activities
Capital Expenditure (28.5) (31.9) (22.6) (18.4) (12.0) (3.8) (6.8) (7.5) (11.2) (5.3) (2.7) (1.8) (0.7) (0.6) (2.4) (1.4) (1) (1) (0.1) (0.3) (0.1)
Acquisitions (436.1) (26.8) 0 (4.6) (23.8) 0 43.9 0 0 0 (0.9) 0 0 (25.1) 0 0 0 0 0 0 0
Purchases of Investments (483.8) (708.7) (480.5) (371.3) (361.0) (313.0) (127.5) (140.0) (164.7) (146.9) (0.9) (12.4) (8.5) (30.8) 0 0 0 0 0 0 0
Sales/Maturities of Investments 826.9 540.8 396.8 338.6 255.1 265.4 94.5 186.3 143.3 175.5 20.4 78 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 2.8 0 0 2.8 0 (5) (1) (0.8) 0 0 0 0 0 0.0 0 0.1 (3) (2.3) (4)
Investing Cash Flow (121.6) (226.5) (103.4) (55.7) (141.8) (48.6) 4.1 33.8 (32.5) 24.5 16.0 (14.1) (9.1) (56.5) (2.4) (1.4) (0.9) (0.9) (3.1) (2.6) (4.1)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 (60) 0 0 0 0 0 0 (37.7) 5 0 0 0
Stock Repurchased (75.0) (25.1) (3.2) (65.3) 0 0 (0.7) (21.1) 0 (8.0) 0 0 0 0 0 0 (7.1) 0 0.6 0.3 0.4
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (0.1) (10.6) (6.3) (3.1) 2.7 (1.7) (3.5) (2.8) (2.6) (10.9) 0 0 0 0 0 0 0 0 0.6 0.4 4.2
Financing Cash Flow (75.2) (35.7) (9.5) (68.3) 2.7 (53.7) (4.2) (23.9) (2.8) (78.1) 1.5 1.6 1.6 2.5 44.4 0.7 36.3 8 0.6 0.4 4.2
Cash Position
Net Change in Cash 133.2 (20.6) 57.6 6.3 32.9 6.0 18.3 44.6 29.9 (6.7) 25.4 (15.6) (0.8) (52.6) 64.9 (5.3) 34.6 0.2 1.9 (1.9) 1.5
Cash at Beginning 212.9 233.5 175.9 169.6 136.7 130.7 112.4 67.8 37.9 44.6 12.6 28.2 42.0 94.6 29.7 35.1 0.4 0.2 1.7 3.6 2.1
Cash at End 346.1 212.9 233.5 175.9 169.6 136.7 130.7 112.4 67.8 37.9 38.0 12.6 41.2 42.0 94.6 29.7 35 0.4 3.6 1.7 3.6
Free Cash Flow 299.8 213.8 149.4 118.3 163.2 102.2 11.3 27.6 53.2 41.3 5.4 (5.0) 6.0 0.7 20.5 (6.0) (1.7) (7.9) 4.1 0.1 2.2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 1,005.3 987.3 815.9 1,005.2 788.9 556.5 305.9 273.8 255.1 232.8 221.7 181.2 176.2 218.5 187.2 195.3 78.7 131.0 160.1 201.2 82.9 84.2 58.5 57.4 79.4 88.1 38.1 20.1 36.7 30.3 22.8
Gross Profit 499.8 515.3 420.3 539.2 429.1 278.5 135.0 148.3 134.6 123.6 119.4 95.5 90.7 115.7 100.4 103.9 28.9 43.7 81.2 97.4 38.5 39.7 25.3 23.9 39.6 46.9 21.4 7.7 21 16.1 11.2
Operating Income 132.9 187.1 116.1 236.7 156.4 26.7 (5.0) 51.1 59.3 52.3 32.8 (1.3) 6.6 34.3 21.5 30.6 (32.1) (255.0) 12.6 21.2 5.4 7.7 0.5 (2.9) 15.5 22.4 4.8 (9.5) 9.1 6.2 2.6
Net Income 136.8 201.7 121.2 223.3 142.3 31.0 1.9 45.1 32.9 37.0 18.0 (4.6) 3.5 43.9 25.2 27.0 (29.6) (249.7) 11.9 12.7 5.0 6.8 1.8 (1.4) 11.7 23.6 2.9 (14.1) 5.8 4 4.3
EPS (Diluted) 2.78 4.06 2.46 4.49 2.86 0.63 0.06 1.40 1.02 1.16 0.56 -0.14 0.10 1.34 0.97 1.07 -0.96 -8.16 0.40 0.46 0.29 0.40 0.11 -0.09 0.71 1.49 0.22 -3.13 0.66 0.47 0.52
Balance Sheet
Cash & Equivalents 346.1 212.9 233.5 175.9 169.6 136.7 130.7 175.1 177.4 37.9 57.8 67.7 12.6 41.2 42.0 94.6 29.7 35.1 0.4 3.7 1.7 3.6
Total Assets 2,367.7 2,117.1 1,909.7 1,794.9 1,649.8 1,468.2 1,448.6 418.0 385.9 338.7 178.2 197.4 171.3 160.4 162.0 147.8 98.6 64.9 21.1 36.2 30 25.2
Total Debt 17.5 15.2 19.5 22.0 17.7 20.9 24.9 0 0 0 13.1 13.5 3.2 3.8 3.9 3.7 5.2 2.9 37.5 3.2 3.6 4.1
Stockholders' Equity 2,100.6 1,925.9 1,736.5 1,596.4 1,426.1 1,264.7 1,264.0 361.9 333.2 293.7 151.1 176.1 156.8 148.5 144.1 142.2 83.5 57.6 (20.2) 28.5 22.1 17.6
Cash Flow
Operating Cash Flow 328.3 245.7 172.0 136.7 175.3 106.0 18.1 35.1 64.4 46.6 8.1 (3.2) 6.6 1.3 23.0 (4.6) (0.7) (6.9) 4.2 0.4 2.3
Capital Expenditure (28.5) (31.9) (22.6) (18.4) (12.0) (3.8) (6.8) (7.5) (11.2) (5.3) (2.7) (1.8) (0.7) (0.6) (2.4) (1.4) (1) (1) (0.1) (0.3) (0.1)
Free Cash Flow 299.8 213.8 149.4 118.3 163.2 102.2 11.3 27.6 53.2 41.3 5.4 (5.0) 6.0 0.7 20.5 (6.0) (1.7) (7.9) 4.1 0.1 2.2