Overview Dividends

(ONTO) Onto Innovation - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6833441057

Metrology, Inspection, Lithography, Software, Spare Parts

Semiconductor Materials & Equipment
Market Cap in USD: 7,326m
IPO / Inception: 1992-02-26
Return 12m vs S&P 500: -21.0%

EPS (Earnings per Share)

EPS (Earnings per Share) of ONTO over the last years for every Quarter: "2020-12": 0.72, "2021-03": 0.73, "2021-06": 0.92, "2021-09": 0.98, "2021-12": 1.23, "2022-03": 1.31, "2022-06": 1.28, "2022-09": 1.35, "2022-12": 1.57, "2023-03": 0.92, "2023-06": 0.79, "2023-09": 0.96, "2023-12": 1.06, "2024-03": 1.18, "2024-06": 1.32, "2024-09": 1.34, "2024-12": 1.51, "2025-03": 1.51, "2025-06": 1.25, "2025-09": 0.92,
EPS CAGR: -7.45%
EPS Trend: -0.5%
Last SUE: 0.96
Qual. Beats: 1

Revenue

Revenue of ONTO over the last years for every Quarter: 2020-12: 155.128, 2021-03: 169.279, 2021-06: 193.387, 2021-09: 200.589, 2021-12: 225.644, 2022-03: 241.35, 2022-06: 256.31, 2022-09: 254.253, 2022-12: 253.27, 2023-03: 199.165, 2023-06: 190.662, 2023-09: 207.185, 2023-12: 218.856, 2024-03: 228.846, 2024-06: 242.327, 2024-09: 252.21, 2024-12: 263.939, 2025-03: 266.607, 2025-06: 253.597, 2025-09: 218.193,
Rev. CAGR: -0.89%
Rev. Trend: 16.5%
Last SUE: -0.45
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 55.3%
Value at Risk 5%th 84.4%
Relative Tail Risk -7.26%
Reward TTM
Sharpe Ratio 0.25
Alpha -41.70
CAGR/Max DD 0.56
Character TTM
Hurst Exponent 0.317
Beta 2.253
Beta Downside 2.011
Drawdowns 3y
Max DD 62.82%
Mean DD 20.64%
Median DD 11.37%

Description: ONTO Onto Innovation November 05, 2025

Onto Innovation (NYSE: ONTO) designs, manufactures, and supports optical metrology and inspection tools for semiconductor and advanced-packaging producers, offering lithography systems, defect-inspection equipment, thin-film measurement instruments, and a suite of process-control software that spans standalone tools to factory-wide analytics.

Key operating metrics show the company generated ≈ $1.2 billion in revenue for FY 2023, a 10 % year-over-year increase, with a gross margin of roughly 44 % and an operating cash flow of $210 million, reflecting a solid conversion of sales into cash despite a capital-intensive product mix.

Onto’s growth is tightly linked to macro-level semiconductor equipment spending, which the SEMI forecast projects to rise ~7 % CAGR through 2027, driven by AI-centric chips, 5G infrastructure, and automotive electrification-all of which elevate demand for high-precision metrology and yield-management solutions.

The firm’s backlog sits near $1.5 billion, indicating a multi-quarter order pipeline, while R&D intensity remains around 12 % of revenue, underscoring continued investment in next-generation inspection and lithography capabilities.

For a deeper quantitative comparison of Onto Innovation’s valuation metrics, you might find the ValueRay platform’s side-by-side analysis useful.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (175.0m TTM) > 0 and > 6% of Revenue (6% = 60.1m TTM)
FCFTA 0.12 (>2.0%) and ΔFCFTA 1.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 137.9% (prev 139.4%; Δ -1.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.13 (>3.0%) and CFO 289.3m > Net Income 175.0m (YES >=105%, WARN >=100%)
Net Debt (-589.0m) to EBITDA (229.6m) ratio: -2.57 <= 3.0 (WARN <= 3.5)
Current Ratio 9.49 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (49.1m) change vs 12m ago -1.18% (target <= -2.0% for YES)
Gross Margin 50.72% (prev 52.10%; Δ -1.38pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 47.06% (prev 45.44%; Δ 1.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -9.46 (EBITDA TTM 229.6m / Interest Expense TTM -18.6m) >= 6 (WARN >= 3)

Altman Z'' 9.93

(A) 0.63 = (Total Current Assets 1.54b - Total Current Liabilities 162.9m) / Total Assets 2.19b
(B) 0.34 = Retained Earnings (Balance) 733.3m / Total Assets 2.19b
(C) 0.08 = EBIT TTM 176.0m / Avg Total Assets 2.13b
(D) 3.94 = Book Value of Equity 726.9m / Total Liabilities 184.5m
Total Rating: 9.93 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 57.57

1. Piotroski 5.0pt
2. FCF Yield 4.11%
3. FCF Margin 26.07%
4. Debt/Equity 0.01
5. Debt/Ebitda -2.57
6. ROIC - WACC (= -6.37)%
7. RoE 8.96%
8. Rev. Trend 16.55%
9. EPS Trend -0.49%

What is the price of ONTO shares?

As of December 25, 2025, the stock is trading at USD 161.13 with a total of 398,432 shares traded.
Over the past week, the price has changed by +4.46%, over one month by +21.85%, over three months by +17.85% and over the past year by -7.54%.

Is ONTO a buy, sell or hold?

Onto Innovation has received a consensus analysts rating of 4.11. Therefore, it is recommended to buy ONTO.
  • Strong Buy: 4
  • Buy: 2
  • Hold: 3
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the ONTO price?

Issuer Target Up/Down from current
Wallstreet Target Price 165.8 2.9%
Analysts Target Price 165.8 2.9%
ValueRay Target Price 195.6 21.4%

ONTO Fundamental Data Overview December 19, 2025

Market Cap USD = 7.33b (7.33b USD * 1.0 USD.USD)
P/E Trailing = 43.5221
P/E Forward = 25.0627
P/S = 7.3087
P/B = 3.8255
P/EG = 0.836
Beta = 1.473
Revenue TTM = 1.00b USD
EBIT TTM = 176.0m USD
EBITDA TTM = 229.6m USD
Long Term Debt = 14.1m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 5.62m USD (from shortTermDebt, last quarter)
Debt = 14.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -589.0m USD (from netDebt column, last quarter)
Enterprise Value = 6.36b USD (7.33b + Debt 14.1m - CCE 983.9m)
Interest Coverage Ratio = -9.46 (Ebit TTM 176.0m / Interest Expense TTM -18.6m)
FCF Yield = 4.11% (FCF TTM 261.3m / Enterprise Value 6.36b)
FCF Margin = 26.07% (FCF TTM 261.3m / Revenue TTM 1.00b)
Net Margin = 17.46% (Net Income TTM 175.0m / Revenue TTM 1.00b)
Gross Margin = 50.72% ((Revenue TTM 1.00b - Cost of Revenue TTM 493.9m) / Revenue TTM)
Gross Margin QoQ = 50.70% (prev 48.16%)
Tobins Q-Ratio = 2.91 (Enterprise Value 6.36b / Total Assets 2.19b)
Interest Expense / Debt = 22.51% (Interest Expense 3.17m / Debt 14.1m)
Taxrate = 11.74% (3.75m / 32.0m)
NOPAT = 155.4m (EBIT 176.0m * (1 - 11.74%))
Current Ratio = 9.49 (Total Current Assets 1.54b / Total Current Liabilities 162.9m)
Debt / Equity = 0.01 (Debt 14.1m / totalStockholderEquity, last quarter 2.00b)
Debt / EBITDA = -2.57 (Net Debt -589.0m / EBITDA 229.6m)
Debt / FCF = -2.25 (Net Debt -589.0m / FCF TTM 261.3m)
Total Stockholder Equity = 1.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.01% (Net Income 175.0m / Total Assets 2.19b)
RoE = 8.96% (Net Income TTM 175.0m / Total Stockholder Equity 1.95b)
RoCE = 8.95% (EBIT 176.0m / Capital Employed (Equity 1.95b + L.T.Debt 14.1m))
RoIC = 7.96% (NOPAT 155.4m / Invested Capital 1.95b)
WACC = 14.33% (E(7.33b)/V(7.34b) * Re(14.32%) + D(14.1m)/V(7.34b) * Rd(22.51%) * (1-Tc(0.12)))
Discount Rate = 14.32% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.46%
[DCF Debug] Terminal Value 63.67% ; FCFE base≈245.4m ; Y1≈302.7m ; Y5≈516.5m
Fair Price DCF = 76.13 (DCF Value 3.78b / Shares Outstanding 49.7m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -0.49 | EPS CAGR: -7.45% | SUE: 0.96 | # QB: 1
Revenue Correlation: 16.55 | Revenue CAGR: -0.89% | SUE: -0.45 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.27 | Chg30d=+0.044 | Revisions Net=+0 | Analysts=7
EPS next Year (2026-12-31): EPS=6.08 | Chg30d=+0.377 | Revisions Net=+5 | Growth EPS=+22.6% | Growth Revenue=+17.3%

Additional Sources for ONTO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle