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Side-by-side financial comparison of Samsara Inc. (IOT) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
Samsara Inc. is the larger business by last-quarter revenue ($444.3M vs $218.2M, roughly 2.0× ONTO INNOVATION 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, Samsara Inc. posted the faster year-over-year revenue change (28.3% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $61.7M). Over the past eight quarters, Samsara Inc.'s revenue compounded faster (25.8% CAGR vs 2.6%).
Samsara Inc. is an American IoT company headquartered in San Francisco, California, that provides telematics software and insights for physical operations. The company has customers across North America and Europe. Samsara developed a connected operations cloud platform that provides insights to physical operations organizations in the transportation, construction, energy, utilities, public sector and retail industries, and supports the safety and efficiency of those operations.
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.
IOT vs ONTO — Head-to-Head
Income Statement — Q4 FY2027 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $444.3M | $218.2M |
| Net Profit | $22.0M | $28.2M |
| Gross Margin | 76.2% | 50.7% |
| Operating Margin | 25.9% | 10.9% |
| Net Margin | 5.0% | 12.9% |
| Revenue YoY | 28.3% | -13.5% |
| Net Profit YoY | 341.7% | -46.8% |
| EPS (diluted) | $0.04 | $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 26 | $444.3M | — | ||
| Q4 25 | $416.0M | — | ||
| Q3 25 | $391.5M | $218.2M | ||
| Q2 25 | $366.9M | $253.6M | ||
| Q1 25 | $346.3M | $266.6M | ||
| Q4 24 | $322.0M | $263.9M | ||
| Q3 24 | $300.2M | $252.2M | ||
| Q2 24 | $280.7M | $242.3M |
| Q4 26 | $22.0M | — | ||
| Q4 25 | $7.8M | — | ||
| Q3 25 | $-16.8M | $28.2M | ||
| Q2 25 | $-22.1M | $33.9M | ||
| Q1 25 | $-11.2M | $64.1M | ||
| Q4 24 | $-37.8M | $48.8M | ||
| Q3 24 | $-49.6M | $53.1M | ||
| Q2 24 | $-56.3M | $52.9M |
| Q4 26 | 76.2% | — | ||
| Q4 25 | 76.7% | — | ||
| Q3 25 | 76.9% | 50.7% | ||
| Q2 25 | 77.3% | 48.2% | ||
| Q1 25 | 76.8% | 53.7% | ||
| Q4 24 | 76.4% | 50.2% | ||
| Q3 24 | 75.6% | 54.1% | ||
| Q2 24 | 75.6% | 52.9% |
| Q4 26 | 25.9% | — | ||
| Q4 25 | -0.4% | — | ||
| Q3 25 | -6.8% | 10.9% | ||
| Q2 25 | -9.1% | 12.7% | ||
| Q1 25 | -5.3% | 23.7% | ||
| Q4 24 | -14.7% | 16.1% | ||
| Q3 24 | -19.4% | 21.0% | ||
| Q2 24 | -23.5% | 20.2% |
| Q4 26 | 5.0% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -4.3% | 12.9% | ||
| Q2 25 | -6.0% | 13.4% | ||
| Q1 25 | -3.2% | 24.0% | ||
| Q4 24 | -11.7% | 18.5% | ||
| Q3 24 | -16.5% | 21.0% | ||
| Q2 24 | -20.1% | 21.9% |
| Q4 26 | $0.04 | — | ||
| Q4 25 | $0.01 | — | ||
| Q3 25 | $-0.03 | $0.57 | ||
| Q2 25 | $-0.04 | $0.69 | ||
| Q1 25 | $-0.02 | $1.30 | ||
| Q4 24 | $-0.07 | $0.98 | ||
| Q3 24 | $-0.09 | $1.07 | ||
| Q2 24 | $-0.10 | $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 | $833.8M | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $2.5B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $833.8M | — | ||
| Q4 25 | $275.1M | — | ||
| Q3 25 | $258.5M | $603.1M | ||
| Q2 25 | $259.0M | $217.5M | ||
| Q1 25 | $227.6M | $203.7M | ||
| Q4 24 | $160.3M | $212.9M | ||
| Q3 24 | $159.3M | $188.7M | ||
| Q2 24 | $162.5M | $172.6M |
| Q4 26 | $1.4B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $999.1M | $1.9B | ||
| Q3 24 | $964.7M | $1.9B | ||
| Q2 24 | $923.9M | $1.8B |
| Q4 26 | $2.5B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $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 | $69.7M | $83.4M |
| Free Cash FlowOCF − Capex | $61.7M | $82.0M |
| FCF MarginFCF / Revenue | 13.9% | 37.6% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 3.16× | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | $207.4M | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $69.7M | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $50.2M | $83.4M | ||
| Q2 25 | $52.6M | $57.9M | ||
| Q1 25 | $53.9M | $92.0M | ||
| Q4 24 | $36.0M | $56.0M | ||
| Q3 24 | $18.1M | $67.2M | ||
| Q2 24 | $23.7M | $65.3M |
| Q4 26 | $61.7M | — | ||
| Q4 25 | $55.8M | — | ||
| Q3 25 | $44.2M | $82.0M | ||
| Q2 25 | $45.7M | $44.2M | ||
| Q1 25 | $48.5M | $83.7M | ||
| Q4 24 | $31.2M | $51.4M | ||
| Q3 24 | $13.1M | $59.2M | ||
| Q2 24 | $18.6M | $53.0M |
| Q4 26 | 13.9% | — | ||
| Q4 25 | 13.4% | — | ||
| Q3 25 | 11.3% | 37.6% | ||
| Q2 25 | 12.5% | 17.4% | ||
| Q1 25 | 14.0% | 31.4% | ||
| Q4 24 | 9.7% | 19.5% | ||
| Q3 24 | 4.4% | 23.5% | ||
| Q2 24 | 6.6% | 21.9% |
| Q4 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.5% | 0.6% | ||
| Q2 25 | 1.9% | 5.4% | ||
| Q1 25 | 1.5% | 3.1% | ||
| Q4 24 | 1.5% | 1.8% | ||
| Q3 24 | 1.7% | 3.2% | ||
| Q2 24 | 1.8% | 5.1% |
| Q4 26 | 3.16× | — | ||
| Q4 25 | 8.20× | — | ||
| 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
IOT
Segment breakdown not available.
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
