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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) 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 $120.4M, roughly 1.8× Hippo Holdings Inc.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 5.0%, a 8.0% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $9.1M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs 2.6%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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.

HIPO vs ONTO — Head-to-Head

Bigger by revenue
ONTO
ONTO
1.8× larger
ONTO
$218.2M
$120.4M
HIPO
Growing faster (revenue YoY)
HIPO
HIPO
+31.6% gap
HIPO
18.2%
-13.5%
ONTO
Higher net margin
ONTO
ONTO
8.0% more per $
ONTO
12.9%
5.0%
HIPO
More free cash flow
ONTO
ONTO
$72.9M more FCF
ONTO
$82.0M
$9.1M
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
2.6%
ONTO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HIPO
HIPO
ONTO
ONTO
Revenue
$120.4M
$218.2M
Net Profit
$6.0M
$28.2M
Gross Margin
50.7%
Operating Margin
5.6%
10.9%
Net Margin
5.0%
12.9%
Revenue YoY
18.2%
-13.5%
Net Profit YoY
-86.4%
-46.8%
EPS (diluted)
$0.31
$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
HIPO
HIPO
ONTO
ONTO
Q4 25
$120.4M
Q3 25
$120.6M
$218.2M
Q2 25
$117.3M
$253.6M
Q1 25
$110.3M
$266.6M
Q4 24
$101.9M
$263.9M
Q3 24
$95.5M
$252.2M
Q2 24
$89.6M
$242.3M
Q1 24
$85.1M
$228.8M
Net Profit
HIPO
HIPO
ONTO
ONTO
Q4 25
$6.0M
Q3 25
$98.1M
$28.2M
Q2 25
$1.3M
$33.9M
Q1 25
$-47.7M
$64.1M
Q4 24
$44.2M
$48.8M
Q3 24
$-8.5M
$53.1M
Q2 24
$-40.5M
$52.9M
Q1 24
$-35.7M
$46.9M
Gross Margin
HIPO
HIPO
ONTO
ONTO
Q4 25
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%
Operating Margin
HIPO
HIPO
ONTO
ONTO
Q4 25
5.6%
Q3 25
81.3%
10.9%
Q2 25
3.4%
12.7%
Q1 25
-41.3%
23.7%
Q4 24
46.3%
16.1%
Q3 24
-5.4%
21.0%
Q2 24
-40.7%
20.2%
Q1 24
-38.7%
18.7%
Net Margin
HIPO
HIPO
ONTO
ONTO
Q4 25
5.0%
Q3 25
81.3%
12.9%
Q2 25
1.1%
13.4%
Q1 25
-43.2%
24.0%
Q4 24
43.4%
18.5%
Q3 24
-8.9%
21.0%
Q2 24
-45.2%
21.9%
Q1 24
-42.0%
20.5%
EPS (diluted)
HIPO
HIPO
ONTO
ONTO
Q4 25
$0.31
Q3 25
$3.77
$0.57
Q2 25
$0.05
$0.69
Q1 25
$-1.91
$1.30
Q4 24
$1.81
$0.98
Q3 24
$-0.34
$1.07
Q2 24
$-1.64
$1.07
Q1 24
$-1.47
$0.94

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
ONTO
ONTO
Cash + ST InvestmentsLiquidity on hand
$218.3M
$603.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
$2.0B
Total Assets
$1.9B
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
ONTO
ONTO
Q4 25
$218.3M
Q3 25
$247.7M
$603.1M
Q2 25
$198.9M
$217.5M
Q1 25
$140.9M
$203.7M
Q4 24
$197.6M
$212.9M
Q3 24
$191.2M
$188.7M
Q2 24
$175.9M
$172.6M
Q1 24
$223.4M
$190.9M
Stockholders' Equity
HIPO
HIPO
ONTO
ONTO
Q4 25
$436.1M
Q3 25
$421.5M
$2.0B
Q2 25
$332.5M
$2.0B
Q1 25
$322.8M
$1.9B
Q4 24
$362.1M
$1.9B
Q3 24
$326.4M
$1.9B
Q2 24
$322.6M
$1.8B
Q1 24
$351.2M
$1.8B
Total Assets
HIPO
HIPO
ONTO
ONTO
Q4 25
$1.9B
Q3 25
$1.9B
$2.2B
Q2 25
$1.7B
$2.1B
Q1 25
$1.5B
$2.1B
Q4 24
$1.5B
$2.1B
Q3 24
$1.5B
$2.1B
Q2 24
$1.5B
$2.0B
Q1 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
HIPO
HIPO
ONTO
ONTO
Operating Cash FlowLast quarter
$9.2M
$83.4M
Free Cash FlowOCF − Capex
$9.1M
$82.0M
FCF MarginFCF / Revenue
7.6%
37.6%
Capex IntensityCapex / Revenue
0.1%
0.6%
Cash ConversionOCF / Net Profit
1.53×
2.95×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$261.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
ONTO
ONTO
Q4 25
$9.2M
Q3 25
$16.9M
$83.4M
Q2 25
$24.7M
$57.9M
Q1 25
$-35.6M
$92.0M
Q4 24
$47.5M
$56.0M
Q3 24
$46.8M
$67.2M
Q2 24
$-10.6M
$65.3M
Q1 24
$17.7M
$57.1M
Free Cash Flow
HIPO
HIPO
ONTO
ONTO
Q4 25
$9.1M
Q3 25
$16.8M
$82.0M
Q2 25
$24.6M
$44.2M
Q1 25
$-35.7M
$83.7M
Q4 24
$47.2M
$51.4M
Q3 24
$59.2M
Q2 24
$-10.7M
$53.0M
Q1 24
$17.6M
$50.2M
FCF Margin
HIPO
HIPO
ONTO
ONTO
Q4 25
7.6%
Q3 25
13.9%
37.6%
Q2 25
21.0%
17.4%
Q1 25
-32.4%
31.4%
Q4 24
46.3%
19.5%
Q3 24
23.5%
Q2 24
-11.9%
21.9%
Q1 24
20.7%
21.9%
Capex Intensity
HIPO
HIPO
ONTO
ONTO
Q4 25
0.1%
Q3 25
0.1%
0.6%
Q2 25
0.1%
5.4%
Q1 25
0.1%
3.1%
Q4 24
0.3%
1.8%
Q3 24
0.0%
3.2%
Q2 24
0.1%
5.1%
Q1 24
0.1%
3.0%
Cash Conversion
HIPO
HIPO
ONTO
ONTO
Q4 25
1.53×
Q3 25
0.17×
2.95×
Q2 25
19.00×
1.71×
Q1 25
1.44×
Q4 24
1.07×
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

HIPO
HIPO

Segment breakdown not available.

ONTO
ONTO

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

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