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Screener / SEC EDGAR /CIK 0000704532 /10-K filed Feb 24, 2026, compared with Feb 25, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
CVLTWAYONTOMTSIGTMESE
NYSE Technology · Measuring Instruments

Onto Innovation Inc. ONTO

ONTO quote by TradingView
Headquarters
Wilmington, MA
Next results
around Feb 18, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $1.0B through the costs to a net profit of $136.8M · income statement of the 10-K

13% operating margin
Revenue to Gross profit: $499.8MRevenue to Cost of revenue: $505.5MGross profit to Operating profit: $132.9MGross profit to Operating expenses: $366.8MOperating profit to Net profit: $106.8MOperating profit to Tax: $26.1MOther income to Net profit: $30.0MOperating expenses to R&D: $132.0MOperating expenses to Sales, admin & other: $234.9M Revenue: $1.0B REVENUE $1.0B +2% Y/Y Gross profit: $499.8M · 50% margin GROSS PROFIT $499.8M 50% margin · −3% Y/Y Cost of revenue: $505.5M · 50% of revenue COST OF REVENUE $505.5M 50% of revenue Operating profit: $132.9M · 13% margin OPERATING PROFIT $132.9M 13% margin · −29% Y/Y Other income: $30.0M · 3% of revenue OTHER INCOME $30.0M 3% of revenue Operating expenses: $366.8M · 36% of revenue OPERATING EXPENSES $366.8M 36% of revenue Net profit: $136.8M · 14% margin NET PROFIT $136.8M 14% margin · −32% Y/Y Tax: $26.1M · 3% of revenue TAX $26.1M 3% of revenue R&D: $132.0M · 13% of revenue R&D $132.0M 13% of revenue Sales, admin & other: $234.9M · 23% of revenue SALES, ADMIN & OTHER $234.9M 23% of revenue
Gross profit $499.8M 50% margin · −3% Y/Y
Operating profit $132.9M 13% margin · −29% Y/Y
Net profit $136.8M 14% margin · −32% Y/Y
The full income statement, year by year

ONTO among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 230 peers the company is above, not a score.

Compare
Revenue growth: 1.8%, above 13% of 230 peers (their median 13.4%) REVENUE GROWTH 1.8% · above 13% Gross margin: 51.7%, above 37% of 210 peers (their median 61.4%) GROSS MARGIN 51.7% · above 37% Operating margin: 15.7%, above 62% of 222 peers (their median 10.9%) OPERATING MARGIN 15.7% · above 62% Net margin: 11.5%, above 55% of 228 peers (their median 10.1%) NET MARGIN 11.5% · above 55% FCF margin: 18.9%, above 48% of 225 peers (their median 20.0%) FCF MARGIN 18.9% · above 48% Return on capital: 3.2%, above 17% of 160 peers (their median 9.8%) RETURN ON CAPITAL 3.2% · above 17%
ONTO Peer median Below the median

What changed

13 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 24, 2026 against Feb 25, 2025.

Risk factors
13 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Valuation of Developed Technology and Customer Relationship intangible assets in the Acquisition of Semilab USA LLC (“As described in Note 3 to the consolidated financial statements, the Company completed the acquisition of Semilab USA LLC for a total purchase price of $526.6 million during the fiscal year 2025. The acquisition was accounted for as a business combination in accordance with Accounting Standards Codi”). Same as last year: Reserve for Excess and Obsolete Inventory
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Valuation of Developed Technology and Customer Relationship intangible assets in the Acquisition of Semilab USA LLC (“As described in Note 3 to the consolidated financial statements, the Company completed the acquisition of Semilab USA LLC for a total purchase price of $526.6 million during the fiscal year 2025. The acquisition was accounted for as a business combination in accordance with Accounting Standards Codi”). Same as last year: Reserve for Excess and Obsolete Inventory
  • Receivables -12.7% ($308.1M to $268.9M) vs revenue +1.8% ($987.3M to $1.0B), -14.5 pts apart
9 more checks with nothing to note
  • Cash from operations $328.3M vs net income $136.8M (FY ending Jan 3, 2026)
  • Inventory +3.9% ($287.0M to $298.3M) vs revenue +1.8% ($987.3M to $1.0B), +2.1 pts apart
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

13 paragraphs in Risk Factors that were not in the 10-K filed Feb 25, 2025. Quoted as filed.

All 13 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    The use or anticipated use of new and evolving technologies, such as AI, by us or third parties may increase or create new operational risks. We have in the past and will in the future integrate new and evolving technologies, such as AI, into our business. AI technologies offer numerous potential benefits, such as creating or increasing…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    We are also subject to evolving and increasingly complex laws, regulations and standards relating to data protection, privacy, and cybersecurity in the United States and globally, as well as to the SEC’s disclosure requirements regarding cybersecurity risk management, strategy, governance and incident reporting. Failure to prevent or…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    Integrating Semilab USA’s business may be more difficult, costly or time-consuming than expected, and we may fail to realize the anticipated benefits of the acquisition, which may adversely affect our business results and negatively affect the value of our common stock. The success of the Semilab USA acquisition, including the…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$1.0B$815.9M$987.3M$1.0B
Net income$223.3M$121.2M$201.7M$136.8M
Operating cash flow$136.7M$172.0M$245.7M$328.3M
Free cash flow$118.3M$149.4M$213.8M$299.8M

Revenue, FY2017 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$1.0B ▲ 1.8% in FY2025

FY2017FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Onto Innovation Inc., Wilmington, MA · from the 10-K filed Feb 24, 2026

Onto Innovation® is a worldwide leader in the design, development, manufacture and support of metrology and inspection tools for the semiconductor industry, including process control tools that perform optical metrology and inspection on patterned and unpatterned wafers, including macro defect inspection of both 2D and 3D wafer features, wafer substrate and panel substrate lithography systems, and process control analytical software. Our products are primarily used by silicon wafer manufacturers, semiconductor integrated circuit (“IC”) fabricators, and advanced packaging manufacturers operating in the semiconductor market.

Headquarters
Wilmington, MA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 26
Last results
Nov 9, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Feb 24, 2026 (open at SEC), compared with the 10-K filed Feb 25, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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