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Side-by-side financial comparison of Enlight Renewable Energy Ltd. (ENLT) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.

ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $109.5M, roughly 2.0× Enlight Renewable Energy Ltd.).

Enlight Renewable Energy is a publicly traded company, headquartered in Israel, that builds and operates solar and wind power facilities. Its shares are traded on the Tel Aviv Stock Exchange and on Nasdaq (ENLT) following the company’s United States initial public offering in February 2023. In addition to solar and wind, Enlight develops utility-scale energy storage and agrivoltaic projects integrating agricultural land use with photovoltaic generation.

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.

ENLT vs ONTO — Head-to-Head

Bigger by revenue
ONTO
ONTO
2.0× larger
ONTO
$218.2M
$109.5M
ENLT

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ENLT
ENLT
ONTO
ONTO
Revenue
$109.5M
$218.2M
Net Profit
$28.2M
Gross Margin
50.7%
Operating Margin
60.1%
10.9%
Net Margin
12.9%
Revenue YoY
-13.5%
Net Profit YoY
-46.8%
EPS (diluted)
$123305879.00
$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.

Revenue
ENLT
ENLT
ONTO
ONTO
Q4 25
$109.5M
Q3 25
$218.2M
Q2 25
$84.7M
$253.6M
Q1 25
$90.4M
$266.6M
Q4 24
$73.8M
$263.9M
Q3 24
$58.3M
$252.2M
Q2 24
$52.6M
$242.3M
Q1 24
$71.0M
$228.8M
Net Profit
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
$28.2M
Q2 25
$33.9M
Q1 25
$64.1M
Q4 24
$48.8M
Q3 24
$53.1M
Q2 24
$52.9M
Q1 24
$46.9M
Gross Margin
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
50.7%
Q2 25
48.2%
Q1 25
53.7%
Q4 24
50.2%
Q3 24
48.9%
54.1%
Q2 24
55.5%
52.9%
Q1 24
67.6%
51.7%
Operating Margin
ENLT
ENLT
ONTO
ONTO
Q4 25
60.1%
Q3 25
10.9%
Q2 25
41.2%
12.7%
Q1 25
47.4%
23.7%
Q4 24
58.1%
16.1%
Q3 24
73.2%
21.0%
Q2 24
63.7%
20.2%
Q1 24
55.0%
18.7%
Net Margin
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
12.9%
Q2 25
13.4%
Q1 25
24.0%
Q4 24
18.5%
Q3 24
21.0%
Q2 24
21.9%
Q1 24
20.5%
EPS (diluted)
ENLT
ENLT
ONTO
ONTO
Q4 25
$123305879.00
Q3 25
$0.57
Q2 25
$125866004.00
$0.69
Q1 25
$122889909.00
$1.30
Q4 24
$0.98
Q3 24
$125866004.00
$1.07
Q2 24
$125873060.00
$1.07
Q1 24
$117820495.00
$0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ENLT
ENLT
ONTO
ONTO
Cash + ST InvestmentsLiquidity on hand
$603.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
Total Assets
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
$603.1M
Q2 25
$217.5M
Q1 25
$203.7M
Q4 24
$387.4M
$212.9M
Q3 24
$188.7M
Q2 24
$172.6M
Q1 24
$190.9M
Stockholders' Equity
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.4B
$1.9B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.8B
Total Assets
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$5.5B
$2.1B
Q3 24
$2.1B
Q2 24
$2.0B
Q1 24
$2.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ENLT
ENLT
ONTO
ONTO
Operating Cash FlowLast quarter
$83.4M
Free Cash FlowOCF − Capex
$82.0M
FCF MarginFCF / Revenue
37.6%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
2.95×
TTM Free Cash FlowTrailing 4 quarters
$261.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
$83.4M
Q2 25
$57.9M
Q1 25
$92.0M
Q4 24
$255.3M
$56.0M
Q3 24
$67.2M
Q2 24
$65.3M
Q1 24
$57.1M
Free Cash Flow
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
$82.0M
Q2 25
$44.2M
Q1 25
$83.7M
Q4 24
$51.4M
Q3 24
$59.2M
Q2 24
$53.0M
Q1 24
$50.2M
FCF Margin
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
37.6%
Q2 25
17.4%
Q1 25
31.4%
Q4 24
19.5%
Q3 24
23.5%
Q2 24
21.9%
Q1 24
21.9%
Capex Intensity
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
0.6%
Q2 25
5.4%
Q1 25
3.1%
Q4 24
1.8%
Q3 24
3.2%
Q2 24
5.1%
Q1 24
3.0%
Cash Conversion
ENLT
ENLT
ONTO
ONTO
Q4 25
Q3 25
2.95×
Q2 25
1.71×
Q1 25
1.44×
Q4 24
1.15×
Q3 24
1.27×
Q2 24
1.23×
Q1 24
1.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ENLT
ENLT

Segment adjusted EBITDA$99.7M91%
Tax benefits$10.1M9%

ONTO
ONTO

Systems And Software Revenue$173.8M80%
Parts Revenue$23.9M11%
Service Revenue$20.5M9%

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