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

EPS (Earnings per Share)

EPS (Earnings per Share) of ONTO over the last years for every Quarter: "2020-09": 0.4, "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 Growth (3y CAGR): -17.66%
EPS Trend (3y Corr): 24.8%
Last SUE: 0.96σ
Qual. Beats: 1

Revenue

Revenue of ONTO over the last years for every Quarter: 2020-09: 126.492, 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,
Revenue Growth (3y CAGR): -5.28%
Revenue Trend (3y Corr): 50.7%
Last SUE: -0.45σ
Qual. Beats: 0
Risk via 10d forecast
Volatility 58.4%
Value at Risk 5%th 86.1%
Relative Tail Risk -10.45%
Reward TTM
Sharpe Ratio -0.06
Alpha -47.34
Character TTM
Hurst Exponent 0.407
Beta 2.197
Beta Downside 1.835
Drawdowns 3y
Max DD 62.82%
Mean DD 19.88%
Median DD 10.62%

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.

ONTO Stock Overview

Market Cap in USD 6,358m
Sub-Industry Semiconductor Materials & Equipment
IPO / Inception 1992-02-26
Return 12m vs S&P 500 -32.4%
Analyst Rating 4.11 of 5

ONTO Dividends

Currently no dividends paid

ONTO Growth Ratios

Metric Value
CAGR 3y 16.14%
CAGR/Max DD Calmar Ratio 0.26
CAGR/Mean DD Pain Ratio 0.81
Current Volume 825.1k
Average Volume 883.3k

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) 62.03

1. Piotroski 5.0pt = 0.0
2. FCF Yield 4.85% = 2.42
3. FCF Margin 26.07% = 6.52
4. Debt/Equity 0.01 = 2.50
5. Debt/Ebitda -2.57 = 2.50
6. ROIC - WACC (= -6.17)% = -7.71
7. RoE 8.96% = 0.75
8. Rev. Trend 50.70% = 3.80
9. EPS Trend 24.83% = 1.24

What is the price of ONTO shares?

As of November 19, 2025, the stock is trading at USD 124.09 with a total of 825,148 shares traded.
Over the past week, the price has changed by -7.01%, over one month by -8.54%, over three months by +14.20% and over the past year by -23.24%.

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 156.1 25.8%
Analysts Target Price 156.1 25.8%
ValueRay Target Price 133.7 7.7%

ONTO Fundamental Data Overview November 16, 2025

Market Cap USD = 6.36b (6.36b USD * 1.0 USD.USD)
P/E Trailing = 35.9326
P/E Forward = 21.0084
P/S = 6.3434
P/B = 3.1758
P/EG = 0.6997
Beta = 1.477
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 = 5.39b USD (6.36b + Debt 14.1m - CCE 983.9m)
Interest Coverage Ratio = -9.46 (Ebit TTM 176.0m / Interest Expense TTM -18.6m)
FCF Yield = 4.85% (FCF TTM 261.3m / Enterprise Value 5.39b)
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 = 2.46 (Enterprise Value 5.39b / 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 = 14.12% (E(6.36b)/V(6.37b) * Re(14.11%) + D(14.1m)/V(6.37b) * Rd(22.51%) * (1-Tc(0.12)))
Discount Rate = 14.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 64.19% ; FCFE base≈245.4m ; Y1≈302.7m ; Y5≈516.5m
Fair Price DCF = 78.68 (DCF Value 3.86b / Shares Outstanding 49.0m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 24.83 | EPS CAGR: -17.66% | SUE: 0.96 | # QB: 1
Revenue Correlation: 50.70 | Revenue CAGR: -5.28% | SUE: -0.45 | # QB: 0

Additional Sources for ONTO Stock

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