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TRT vs ONTO
Revenue, margins, valuation, and 5-year total return — side by side.
Semiconductors
TRT vs ONTO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Semiconductors | Semiconductors |
| Market Cap | $101M | $13.63B |
| Revenue (TTM) | $49M | $1.03B |
| Net Income (TTM) | $-109K | $106M |
| Gross Margin | 19.7% | 48.8% |
| Operating Margin | 0.5% | 10.0% |
| Forward P/E | — | 38.7x |
| Total Debt | $2M | $17M |
| Cash & Equiv. | $11M | $346M |
TRT vs ONTO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Trio-Tech Internati… (TRT) | 100 | 408.5 | +308.5% |
| Onto Innovation Inc. (ONTO) | 100 | 881.7 | +781.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TRT vs ONTO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TRT is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.52
- Lower volatility, beta 0.52, Low D/E 5.1%, current ratio 5.03x
- Beta 0.52, current ratio 5.03x
ONTO carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 1.8%, EPS growth -31.5%, 3Y rev CAGR 0.0%
- 14.3% 10Y total return vs TRT's 248.3%
- 1.8% revenue growth vs TRT's -13.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 1.8% revenue growth vs TRT's -13.8% | |
| Quality / Margins | 10.3% margin vs TRT's -0.2% | |
| Stability / Safety | Beta 0.52 vs ONTO's 2.66 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +121.8% vs ONTO's +118.9% | |
| Efficiency (ROA) | 4.7% ROA vs TRT's -0.2%, ROIC 5.7% vs 0.8% |
TRT vs ONTO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TRT vs ONTO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ONTO leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ONTO is the larger business by revenue, generating $1.0B annually — 20.9x TRT's $49M. ONTO is the more profitable business, keeping 10.3% of every revenue dollar as net income compared to TRT's -0.2%. On growth, TRT holds the edge at +81.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $49M | $1.0B |
| EBITDAEarnings before interest/tax | $3M | $158M |
| Net IncomeAfter-tax profit | -$109,000 | $106M |
| Free Cash FlowCash after capex | $137,000 | $239M |
| Gross MarginGross profit ÷ Revenue | +19.7% | +48.8% |
| Operating MarginEBIT ÷ Revenue | +0.5% | +10.0% |
| Net MarginNet income ÷ Revenue | -0.2% | +10.3% |
| FCF MarginFCF ÷ Revenue | +0.3% | +23.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +81.6% | +9.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -76.0% | -48.5% |
Valuation Metrics
TRT leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, TRT's 30.8x EV/EBITDA is more attractive than ONTO's 68.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $101M | $13.6B |
| Enterprise ValueMkt cap + debt − cash | $92M | $13.3B |
| Trailing P/EPrice ÷ TTM EPS | -2416.67x | 98.57x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 38.74x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.85x |
| EV / EBITDAEnterprise value multiple | 30.78x | 68.79x |
| Price / SalesMarket cap ÷ Revenue | 2.78x | 13.56x |
| Price / BookPrice ÷ Book value/share | 2.98x | 6.43x |
| Price / FCFMarket cap ÷ FCF | — | 45.47x |
Profitability & Efficiency
ONTO leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
ONTO delivers a 5.2% return on equity — every $100 of shareholder capital generates $5 in annual profit, vs $-0 for TRT. ONTO carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to TRT's 0.05x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -0.3% | +5.2% |
| ROA (TTM)Return on assets | -0.2% | +4.7% |
| ROICReturn on invested capital | +0.8% | +5.7% |
| ROCEReturn on capital employed | +0.7% | +6.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 0.05x | 0.01x |
| Net DebtTotal debt minus cash | -$9M | -$329M |
| Cash & Equiv.Liquid assets | $11M | $346M |
| Total DebtShort + long-term debt | $2M | $17M |
| Interest CoverageEBIT ÷ Interest expense | 0.57x | — |
Total Returns (Dividends Reinvested)
ONTO leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ONTO five years ago would be worth $41,263 today (with dividends reinvested), compared to $22,481 for TRT. Over the past 12 months, TRT leads with a +121.8% total return vs ONTO's +118.9%. The 3-year compound annual growth rate (CAGR) favors ONTO at 47.1% vs TRT's 39.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -6.8% | +65.2% |
| 1-Year ReturnPast 12 months | +121.8% | +118.9% |
| 3-Year ReturnCumulative with dividends | +169.5% | +218.0% |
| 5-Year ReturnCumulative with dividends | +124.8% | +312.6% |
| 10-Year ReturnCumulative with dividends | +248.3% | +1431.7% |
| CAGR (3Y)Annualised 3-year return | +39.2% | +47.1% |
Risk & Volatility
Evenly matched — TRT and ONTO each lead in 1 of 2 comparable metrics.
Risk & Volatility
TRT is the less volatile stock with a 0.52 beta — it tends to amplify market swings less than ONTO's 2.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ONTO currently trades 86.8% from its 52-week high vs TRT's 60.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.52x | 2.66x |
| 52-Week HighHighest price in past year | $19.10 | $315.86 |
| 52-Week LowLowest price in past year | $4.42 | $85.88 |
| % of 52W HighCurrent price vs 52-week peak | +60.7% | +86.8% |
| RSI (14)Momentum oscillator 0–100 | 58.4 | 61.0 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 832K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $308.33 |
| # AnalystsCovering analysts | — | 11 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.6% |
ONTO leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TRT leads in 1 (Valuation Metrics). 1 tied.
TRT vs ONTO: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is TRT or ONTO a better buy right now?
For growth investors, Onto Innovation Inc.
(ONTO) is the stronger pick with 1. 8% revenue growth year-over-year, versus -13. 8% for Trio-Tech International (TRT). Onto Innovation Inc. (ONTO) offers the better valuation at 98. 6x trailing P/E (38. 7x forward), making it the more compelling value choice. Analysts rate Onto Innovation Inc. (ONTO) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — TRT or ONTO?
Over the past 5 years, Onto Innovation Inc.
(ONTO) delivered a total return of +312. 6%, compared to +124. 8% for Trio-Tech International (TRT). Over 10 years, the gap is even starker: ONTO returned +1432% versus TRT's +248. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — TRT or ONTO?
By beta (market sensitivity over 5 years), Trio-Tech International (TRT) is the lower-risk stock at 0.
52β versus Onto Innovation Inc. 's 2. 66β — meaning ONTO is approximately 408% more volatile than TRT relative to the S&P 500. On balance sheet safety, Onto Innovation Inc. (ONTO) carries a lower debt/equity ratio of 1% versus 5% for Trio-Tech International — giving it more financial flexibility in a downturn.
04Which is growing faster — TRT or ONTO?
By revenue growth (latest reported year), Onto Innovation Inc.
(ONTO) is pulling ahead at 1. 8% versus -13. 8% for Trio-Tech International (TRT). On earnings-per-share growth, the picture is similar: Onto Innovation Inc. grew EPS -31. 5% year-over-year, compared to -104. 0% for Trio-Tech International. Over a 3-year CAGR, ONTO leads at 0. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — TRT or ONTO?
Onto Innovation Inc.
(ONTO) is the more profitable company, earning 13. 6% net margin versus -0. 1% for Trio-Tech International — meaning it keeps 13. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ONTO leads at 13. 2% versus 0. 7% for TRT. At the gross margin level — before operating expenses — ONTO leads at 49. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — TRT or ONTO?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is TRT or ONTO better for a retirement portfolio?
For long-horizon retirement investors, Trio-Tech International (TRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
52), +248. 3% 10Y return). Onto Innovation Inc. (ONTO) carries a higher beta of 2. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (TRT: +248. 3%, ONTO: +1432%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between TRT and ONTO?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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