Last 47 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Onto Innovation Inc.'s quarterly P/E stands at 56.0x, up 11.2% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 53.17 | 55.96 | 35.83 | 23.47 | 42.52 | 50.32 | 51.30 | 48.16 | 62.66 | 43.67 | 54.94 | 37.24 | 12.70 |
| — | +11.2% | -30.2% | -51.3% | -32.1% | +15.2% | -6.6% | +29.3% | +393.3% | +186.4% | +263.1% | +87.9% | -52.8% | |
| P/S Ratio | 10.77 | 7.18 | 4.78 | 5.66 | 7.83 | 10.61 | 11.25 | 9.82 | 8.66 | 7.60 | 7.53 | 5.42 | 3.32 |
| — | -32.3% | -57.5% | -42.4% | -9.5% | +39.6% | +49.5% | +81.3% | +160.7% | +141.6% | +148.0% | +23.5% | -40.6% | |
| P/B Ratio | 5.57 | 3.13 | 2.47 | 3.14 | 4.30 | 5.62 | 5.95 | 5.05 | 4.36 | 3.71 | 3.46 | 2.66 | 2.11 |
| — | -44.3% | -58.5% | -37.7% | -1.6% | +51.4% | +71.9% | +89.9% | +107.1% | +82.2% | +70.1% | -7.6% | -40.5% | |
| P/FCF | 49.73 | 19.10 | 27.43 | 18.00 | 40.25 | 45.20 | 51.40 | 44.80 | 32.04 | 75.05 | 52.98 | 25.56 | 20.57 |
| — | -57.7% | -46.6% | -59.8% | +25.6% | -39.8% | -3.0% | +75.3% | +55.8% | +171.5% | -62.4% | +3.7% | -21.5% | |
| EV / EBITDA | 41.83 | 37.37 | 24.94 | 19.22 | 36.96 | 37.56 | 41.05 | 37.20 | 40.96 | 29.95 | 33.31 | 22.42 | 10.36 |
| — | -0.5% | -39.2% | -48.3% | -9.8% | +25.4% | +23.2% | +65.9% | +295.2% | +199.2% | +232.2% | +64.6% | -43.3% | |
| EV / EBIT | 55.76 | 44.37 | 30.17 | 23.13 | 47.54 | 49.60 | 54.35 | 51.57 | 65.21 | 44.95 | 55.77 | 35.35 | 13.11 |
| — | -10.5% | -44.5% | -55.1% | -27.1% | +10.4% | -2.5% | +45.9% | +397.5% | +253.0% | +334.4% | +103.4% | -46.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Onto Innovation Inc.'s operating margin was 10.9% in Q3 2025, down 1.9 pp QoQ and down 10.2 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 15.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 6.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.2% | 50.7% | 48.2% | 53.7% | 50.2% | 54.1% | 52.9% | 51.7% | 49.3% | 51.6% | 52.7% | 52.7% | 54.2% |
| — | -6.2% | -9.0% | +3.9% | +1.7% | +4.8% | +0.4% | -1.9% | -8.9% | -5.6% | +2.2% | -2.9% | -1.3% | |
| Operating Margin | 19.0% | 10.9% | 12.7% | 23.7% | 16.1% | 21.0% | 20.2% | 18.7% | 12.9% | 16.4% | 13.0% | 14.6% | 24.2% |
| — | -48.4% | -36.9% | +26.8% | +24.7% | +28.2% | +54.9% | +28.1% | -46.6% | -29.6% | -42.0% | -40.1% | +9.4% | |
| Net Margin | 20.4% | 12.9% | 13.4% | 24.0% | 18.5% | 21.0% | 21.9% | 20.5% | 13.8% | 17.3% | 13.6% | 14.6% | 26.1% |
| — | -38.5% | -38.8% | +17.4% | +33.6% | +21.4% | +60.9% | +40.3% | -47.0% | -15.7% | -32.5% | -33.9% | +26.2% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 1.4% | 1.7% | 3.3% | 2.5% | 2.8% | 2.9% | 2.7% | 1.8% | 2.1% | 1.6% | 1.8% | 4.2% |
| — | -49.9% | -40.4% | +25.2% | +44.4% | +32.7% | +85.7% | +47.6% | -57.8% | -36.5% | -54.1% | -51.0% | +25.3% | |
| ROA | 10.0% | 1.3% | 1.6% | 3.0% | 2.3% | 2.6% | 2.7% | 2.4% | 1.6% | 1.9% | 1.4% | 1.6% | 3.7% |
| — | -49.8% | -40.4% | +24.9% | +45.0% | +33.5% | +87.2% | +50.1% | -56.5% | -33.8% | -51.7% | -48.9% | +28.6% | |
| ROIC | 8.6% | 1.1% | 1.4% | 2.7% | 1.8% | 2.3% | 2.2% | 2.0% | 1.4% | 1.7% | 1.3% | 1.5% | 3.2% |
| — | -52.0% | -37.8% | +33.7% | +31.9% | +35.6% | +71.8% | +34.3% | -56.9% | -46.6% | -59.5% | -55.1% | +9.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Onto Innovation Inc.'s Debt/EBITDA ratio is 0.4x, up from 0.3x last quarter — comfortably within a safe range. The current ratio has weakened 5.8% YoY to 9.49x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| — | -18.4% | -29.3% | -25.2% | -30.0% | -29.1% | -17.0% | -20.4% | -18.5% | -13.2% | -9.4% | -10.0% | +11.0% | |
| Debt / EBITDA | 0.06 | 0.37 | 0.29 | 0.19 | 0.28 | 0.23 | 0.27 | 0.31 | 0.43 | 0.40 | 0.46 | 0.45 | 0.28 |
| — | +58.3% | +6.6% | -37.2% | -36.1% | -42.0% | -41.8% | -32.6% | +52.7% | +38.7% | +74.1% | +62.6% | +7.4% | |
| Current Ratio | 8.69 | 9.49 | 9.59 | 8.42 | 8.69 | 10.07 | 9.33 | 9.06 | 8.69 | 9.00 | 8.64 | 7.78 | 7.07 |
| — | -5.8% | +2.8% | -7.1% | -0.0% | +12.0% | +8.0% | +16.5% | +22.9% | +35.9% | +40.6% | +39.2% | +15.2% | |
| Quick Ratio | 7.00 | 7.89 | 7.86 | 6.74 | 7.00 | 7.94 | 7.18 | 6.82 | 6.47 | 6.45 | 6.07 | 5.50 | 5.05 |
| — | -0.6% | +9.5% | -1.2% | +8.2% | +23.2% | +18.3% | +24.0% | +28.1% | +34.1% | +33.2% | +32.1% | +10.7% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonOnto Innovation Inc.'s current P/E is 53.2x. The average P/E over the last 4 quarters is 39.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Onto Innovation Inc.'s current operating margin is 19.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Onto Innovation Inc.'s business trajectory between earnings reports.