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Side-by-side financial comparison of Freshworks Inc. (FRSH) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($228.6M vs $218.2M, roughly 1.0× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -2.1%, a 15.0% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (16.5% vs -13.5%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (14.6% CAGR vs 2.6%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
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.
FRSH vs ONTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $228.6M | $218.2M |
| Net Profit | $-4.8M | $28.2M |
| Gross Margin | 84.8% | 50.7% |
| Operating Margin | 11.6% | 10.9% |
| Net Margin | -2.1% | 12.9% |
| Revenue YoY | 16.5% | -13.5% |
| Net Profit YoY | -268.9% | -46.8% |
| EPS (diluted) | $-0.02 | $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.
| Q1 26 | $228.6M | — | ||
| Q4 25 | $222.7M | — | ||
| Q3 25 | $215.1M | $218.2M | ||
| Q2 25 | $204.7M | $253.6M | ||
| Q1 25 | $196.3M | $266.6M | ||
| Q4 24 | $194.6M | $263.9M | ||
| Q3 24 | $186.6M | $252.2M | ||
| Q2 24 | $174.1M | $242.3M |
| Q1 26 | $-4.8M | — | ||
| Q4 25 | $191.4M | — | ||
| Q3 25 | $-4.7M | $28.2M | ||
| Q2 25 | $-1.7M | $33.9M | ||
| Q1 25 | $-1.3M | $64.1M | ||
| Q4 24 | $-21.9M | $48.8M | ||
| Q3 24 | $-30.0M | $53.1M | ||
| Q2 24 | $-20.2M | $52.9M |
| Q1 26 | 84.8% | — | ||
| Q4 25 | 85.6% | — | ||
| Q3 25 | 84.7% | 50.7% | ||
| Q2 25 | 84.8% | 48.2% | ||
| Q1 25 | 84.8% | 53.7% | ||
| Q4 24 | 84.9% | 50.2% | ||
| Q3 24 | 84.0% | 54.1% | ||
| Q2 24 | 83.8% | 52.9% |
| Q1 26 | 11.6% | — | ||
| Q4 25 | 17.8% | — | ||
| Q3 25 | -3.5% | 10.9% | ||
| Q2 25 | -4.2% | 12.7% | ||
| Q1 25 | -5.3% | 23.7% | ||
| Q4 24 | -12.2% | 16.1% | ||
| Q3 24 | -20.8% | 21.0% | ||
| Q2 24 | -25.1% | 20.2% |
| Q1 26 | -2.1% | — | ||
| Q4 25 | 86.0% | — | ||
| Q3 25 | -2.2% | 12.9% | ||
| Q2 25 | -0.8% | 13.4% | ||
| Q1 25 | -0.7% | 24.0% | ||
| Q4 24 | -11.3% | 18.5% | ||
| Q3 24 | -16.1% | 21.0% | ||
| Q2 24 | -11.6% | 21.9% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.66 | — | ||
| Q3 25 | $-0.02 | $0.57 | ||
| Q2 25 | $-0.01 | $0.69 | ||
| Q1 25 | $0.00 | $1.30 | ||
| Q4 24 | $-0.07 | $0.98 | ||
| Q3 24 | $-0.10 | $1.07 | ||
| Q2 24 | $-0.07 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $548.2M | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $2.0B |
| Total Assets | $1.6B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $548.2M | — | ||
| Q4 25 | $781.4M | — | ||
| Q3 25 | $813.2M | $603.1M | ||
| Q2 25 | $926.2M | $217.5M | ||
| Q1 25 | $995.3M | $203.7M | ||
| Q4 24 | $1.1B | $212.9M | ||
| Q3 24 | $1.1B | $188.7M | ||
| Q2 24 | $1.0B | $172.6M |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $851.5M | $2.0B | ||
| Q2 25 | $984.6M | $2.0B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.1B | $1.8B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.5B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $62.4M | $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.
| Q1 26 | $62.4M | — | ||
| Q4 25 | $62.3M | — | ||
| Q3 25 | $63.5M | $83.4M | ||
| Q2 25 | $58.6M | $57.9M | ||
| Q1 25 | $58.0M | $92.0M | ||
| Q4 24 | $41.4M | $56.0M | ||
| Q3 24 | $42.3M | $67.2M | ||
| Q2 24 | $36.3M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | $60.1M | — | ||
| Q3 25 | $61.7M | $82.0M | ||
| Q2 25 | $58.2M | $44.2M | ||
| Q1 25 | $56.7M | $83.7M | ||
| Q4 24 | $36.3M | $51.4M | ||
| Q3 24 | $41.3M | $59.2M | ||
| Q2 24 | $34.0M | $53.0M |
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.7% | 37.6% | ||
| Q2 25 | 28.4% | 17.4% | ||
| Q1 25 | 28.9% | 31.4% | ||
| Q4 24 | 18.7% | 19.5% | ||
| Q3 24 | 22.1% | 23.5% | ||
| Q2 24 | 19.5% | 21.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 0.8% | 0.6% | ||
| Q2 25 | 0.2% | 5.4% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 2.6% | 1.8% | ||
| Q3 24 | 0.6% | 3.2% | ||
| Q2 24 | 1.3% | 5.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRSH
Segment breakdown not available.
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
