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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $218.2M, roughly 1.1× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 4.4%, a 8.5% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 2.6%).
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
CSW vs ONTO — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $218.2M |
| Net Profit | $10.3M | $28.2M |
| Gross Margin | 39.7% | 50.7% |
| Operating Margin | 7.4% | 10.9% |
| Net Margin | 4.4% | 12.9% |
| Revenue YoY | 20.3% | -13.5% |
| Net Profit YoY | -61.9% | -46.8% |
| EPS (diluted) | $0.62 | $0.57 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $233.0M | — | ||
| Q3 25 | $277.0M | $218.2M | ||
| Q2 25 | $263.6M | $253.6M | ||
| Q1 25 | $230.5M | $266.6M | ||
| Q4 24 | $193.6M | $263.9M | ||
| Q3 24 | $227.9M | $252.2M | ||
| Q2 24 | $226.2M | $242.3M | ||
| Q1 24 | $210.9M | $228.8M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $28.2M | ||
| Q2 25 | $40.9M | $33.9M | ||
| Q1 25 | $35.1M | $64.1M | ||
| Q4 24 | $26.9M | $48.8M | ||
| Q3 24 | $36.1M | $53.1M | ||
| Q2 24 | $38.6M | $52.9M | ||
| Q1 24 | $31.8M | $46.9M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | 50.7% | ||
| Q2 25 | 43.8% | 48.2% | ||
| Q1 25 | 44.2% | 53.7% | ||
| Q4 24 | 41.4% | 50.2% | ||
| Q3 24 | 45.6% | 54.1% | ||
| Q2 24 | 47.5% | 52.9% | ||
| Q1 24 | 44.4% | 51.7% |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | 10.9% | ||
| Q2 25 | 20.8% | 12.7% | ||
| Q1 25 | 19.5% | 23.7% | ||
| Q4 24 | 15.3% | 16.1% | ||
| Q3 24 | 22.6% | 21.0% | ||
| Q2 24 | 24.3% | 20.2% | ||
| Q1 24 | 21.0% | 18.7% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | 12.9% | ||
| Q2 25 | 15.5% | 13.4% | ||
| Q1 25 | 15.2% | 24.0% | ||
| Q4 24 | 13.9% | 18.5% | ||
| Q3 24 | 15.8% | 21.0% | ||
| Q2 24 | 17.1% | 21.9% | ||
| Q1 24 | 15.1% | 20.5% |
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $0.57 | ||
| Q2 25 | $2.43 | $0.69 | ||
| Q1 25 | $2.05 | $1.30 | ||
| Q4 24 | $1.60 | $0.98 | ||
| Q3 24 | $2.26 | $1.07 | ||
| Q2 24 | $2.47 | $1.07 | ||
| Q1 24 | $2.03 | $0.94 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $2.0B |
| Total Assets | $2.3B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $603.1M | ||
| Q2 25 | $38.0M | $217.5M | ||
| Q1 25 | $225.8M | $203.7M | ||
| Q4 24 | $213.8M | $212.9M | ||
| Q3 24 | $273.2M | $188.7M | ||
| Q2 24 | $18.9M | $172.6M | ||
| Q1 24 | $22.2M | $190.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $1.0B | $1.9B | ||
| Q2 24 | $650.2M | $1.8B | ||
| Q1 24 | $615.7M | $1.8B |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.0B | $2.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | $83.4M |
| Free Cash FlowOCF − Capex | $22.7M | $82.0M |
| FCF MarginFCF / Revenue | 9.8% | 37.6% |
| Capex IntensityCapex / Revenue | 2.6% | 0.6% |
| Cash ConversionOCF / Net Profit | 2.81× | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $83.4M | ||
| Q2 25 | $60.6M | $57.9M | ||
| Q1 25 | $27.3M | $92.0M | ||
| Q4 24 | $11.6M | $56.0M | ||
| Q3 24 | $66.8M | $67.2M | ||
| Q2 24 | $62.7M | $65.3M | ||
| Q1 24 | $22.4M | $57.1M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $82.0M | ||
| Q2 25 | $57.7M | $44.2M | ||
| Q1 25 | $22.8M | $83.7M | ||
| Q4 24 | $8.5M | $51.4M | ||
| Q3 24 | $61.3M | $59.2M | ||
| Q2 24 | $59.6M | $53.0M | ||
| Q1 24 | $17.5M | $50.2M |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | 37.6% | ||
| Q2 25 | 21.9% | 17.4% | ||
| Q1 25 | 9.9% | 31.4% | ||
| Q4 24 | 4.4% | 19.5% | ||
| Q3 24 | 26.9% | 23.5% | ||
| Q2 24 | 26.3% | 21.9% | ||
| Q1 24 | 8.3% | 21.9% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 0.6% | ||
| Q2 25 | 1.1% | 5.4% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 1.6% | 1.8% | ||
| Q3 24 | 2.4% | 3.2% | ||
| Q2 24 | 1.4% | 5.1% | ||
| Q1 24 | 2.3% | 3.0% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 2.95× | ||
| Q2 25 | 1.48× | 1.71× | ||
| Q1 25 | 0.78× | 1.44× | ||
| Q4 24 | 0.43× | 1.15× | ||
| Q3 24 | 1.85× | 1.27× | ||
| Q2 24 | 1.62× | 1.23× | ||
| Q1 24 | 0.71× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
