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Side-by-side financial comparison of GreenTree Hospitality Group Ltd. (GHG) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.

GreenTree Hospitality Group Ltd. is the larger business by last-quarter revenue ($286.9M vs $218.2M, roughly 1.3× ONTO INNOVATION INC.). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $16.2M).

GreenTree Hospitality Group Ltd. is a pure play franchised hotel operator, headquartered in Shanghai, China, with the majority of its hotels both franchised-and-managed. In 2017, GreenTree was the fourth largest economy to mid-scale hotel group in China based on the number of hotel rooms according to China Hospitality Association.

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.

GHG vs ONTO — Head-to-Head

Bigger by revenue
GHG
GHG
1.3× larger
GHG
$286.9M
$218.2M
ONTO
More free cash flow
ONTO
ONTO
$65.8M more FCF
ONTO
$82.0M
$16.2M
GHG

Income Statement — Q3 FY2024 vs Q3 FY2025

Metric
GHG
GHG
ONTO
ONTO
Revenue
$286.9M
$218.2M
Net Profit
$28.2M
Gross Margin
50.7%
Operating Margin
10.9%
Net Margin
12.9%
Revenue YoY
-13.5%
Net Profit YoY
-46.8%
EPS (diluted)
$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
GHG
GHG
ONTO
ONTO
Q3 25
$218.2M
Q2 25
$253.6M
Q1 25
$266.6M
Q4 24
$263.9M
Q3 24
$286.9M
$252.2M
Q2 24
$242.3M
Q1 24
$228.8M
Q3 23
$207.2M
Net Profit
GHG
GHG
ONTO
ONTO
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
Q3 23
$35.9M
Gross Margin
GHG
GHG
ONTO
ONTO
Q3 25
50.7%
Q2 25
48.2%
Q1 25
53.7%
Q4 24
50.2%
Q3 24
54.1%
Q2 24
52.9%
Q1 24
51.7%
Q3 23
51.6%
Operating Margin
GHG
GHG
ONTO
ONTO
Q3 25
10.9%
Q2 25
12.7%
Q1 25
23.7%
Q4 24
16.1%
Q3 24
21.0%
Q2 24
20.2%
Q1 24
18.7%
Q3 23
16.4%
Net Margin
GHG
GHG
ONTO
ONTO
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%
Q3 23
17.3%
EPS (diluted)
GHG
GHG
ONTO
ONTO
Q3 25
$0.57
Q2 25
$0.69
Q1 25
$1.30
Q4 24
$0.98
Q3 24
$1.07
Q2 24
$1.07
Q1 24
$0.94
Q3 23
$0.73

Balance Sheet & Financial Strength

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

Metric
GHG
GHG
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
GHG
GHG
ONTO
ONTO
Q3 25
$603.1M
Q2 25
$217.5M
Q1 25
$203.7M
Q4 24
$212.9M
Q3 24
$188.7M
Q2 24
$172.6M
Q1 24
$190.9M
Q3 23
$206.6M
Stockholders' Equity
GHG
GHG
ONTO
ONTO
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.8B
Q3 23
$1.7B
Total Assets
GHG
GHG
ONTO
ONTO
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.0B
Q1 24
$2.0B
Q3 23
$1.9B

Cash Flow & Capital Efficiency

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

Metric
GHG
GHG
ONTO
ONTO
Operating Cash FlowLast quarter
$20.3M
$83.4M
Free Cash FlowOCF − Capex
$16.2M
$82.0M
FCF MarginFCF / Revenue
5.6%
37.6%
Capex IntensityCapex / Revenue
1.4%
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
GHG
GHG
ONTO
ONTO
Q3 25
$83.4M
Q2 25
$57.9M
Q1 25
$92.0M
Q4 24
$56.0M
Q3 24
$20.3M
$67.2M
Q2 24
$65.3M
Q1 24
$57.1M
Q3 23
$60.3M
Free Cash Flow
GHG
GHG
ONTO
ONTO
Q3 25
$82.0M
Q2 25
$44.2M
Q1 25
$83.7M
Q4 24
$51.4M
Q3 24
$16.2M
$59.2M
Q2 24
$53.0M
Q1 24
$50.2M
Q3 23
$48.1M
FCF Margin
GHG
GHG
ONTO
ONTO
Q3 25
37.6%
Q2 25
17.4%
Q1 25
31.4%
Q4 24
19.5%
Q3 24
5.6%
23.5%
Q2 24
21.9%
Q1 24
21.9%
Q3 23
23.2%
Capex Intensity
GHG
GHG
ONTO
ONTO
Q3 25
0.6%
Q2 25
5.4%
Q1 25
3.1%
Q4 24
1.8%
Q3 24
1.4%
3.2%
Q2 24
5.1%
Q1 24
3.0%
Q3 23
5.9%
Cash Conversion
GHG
GHG
ONTO
ONTO
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×
Q3 23
1.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GHG
GHG

Segment breakdown not available.

ONTO
ONTO

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

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