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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $218.2M, roughly 1.4× ONTO INNOVATION INC.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 12.9%, a 15.2% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -13.5%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $82.0M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs 2.6%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs ONTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $218.2M |
| Net Profit | $86.7M | $28.2M |
| Gross Margin | — | 50.7% |
| Operating Margin | 35.1% | 10.9% |
| Net Margin | 28.1% | 12.9% |
| Revenue YoY | 5.3% | -13.5% |
| Net Profit YoY | 5.9% | -46.8% |
| EPS (diluted) | $3.13 | $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 25 | $308.1M | — | ||
| Q3 25 | $261.1M | $218.2M | ||
| Q2 25 | $247.5M | $253.6M | ||
| Q1 25 | $289.3M | $266.6M | ||
| Q4 24 | $292.6M | $263.9M | ||
| Q3 24 | $238.3M | $252.2M | ||
| Q2 24 | $227.5M | $242.3M | ||
| Q1 24 | $274.7M | $228.8M |
| Q4 25 | $86.7M | — | ||
| Q3 25 | $16.3M | $28.2M | ||
| Q2 25 | $41.5M | $33.9M | ||
| Q1 25 | $71.6M | $64.1M | ||
| Q4 24 | $81.9M | $48.8M | ||
| Q3 24 | $41.5M | $53.1M | ||
| Q2 24 | $34.9M | $52.9M | ||
| Q1 24 | $68.0M | $46.9M |
| 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% |
| Q4 25 | 35.1% | — | ||
| Q3 25 | 6.9% | 10.9% | ||
| Q2 25 | 20.9% | 12.7% | ||
| Q1 25 | 30.4% | 23.7% | ||
| Q4 24 | 34.2% | 16.1% | ||
| Q3 24 | 20.2% | 21.0% | ||
| Q2 24 | 18.8% | 20.2% | ||
| Q1 24 | 30.8% | 18.7% |
| Q4 25 | 28.1% | — | ||
| Q3 25 | 6.2% | 12.9% | ||
| Q2 25 | 16.8% | 13.4% | ||
| Q1 25 | 24.8% | 24.0% | ||
| Q4 24 | 28.0% | 18.5% | ||
| Q3 24 | 17.4% | 21.0% | ||
| Q2 24 | 15.3% | 21.9% | ||
| Q1 24 | 24.8% | 20.5% |
| Q4 25 | $3.13 | — | ||
| Q3 25 | $0.58 | $0.57 | ||
| Q2 25 | $1.48 | $0.69 | ||
| Q1 25 | $2.52 | $1.30 | ||
| Q4 24 | $2.83 | $0.98 | ||
| Q3 24 | $1.42 | $1.07 | ||
| Q2 24 | $1.19 | $1.07 | ||
| Q1 24 | $2.29 | $0.94 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.8M | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $2.0B |
| Total Assets | $992.3M | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | — | ||
| Q3 25 | $97.3M | $603.1M | ||
| Q2 25 | $192.3M | $217.5M | ||
| Q1 25 | $144.5M | $203.7M | ||
| Q4 24 | $324.6M | $212.9M | ||
| Q3 24 | $263.6M | $188.7M | ||
| Q2 24 | $241.3M | $172.6M | ||
| Q1 24 | $196.2M | $190.9M |
| Q4 25 | $746.9M | — | ||
| Q3 25 | $758.0M | $2.0B | ||
| Q2 25 | $778.0M | $2.0B | ||
| Q1 25 | $780.7M | $1.9B | ||
| Q4 24 | $783.9M | $1.9B | ||
| Q3 24 | $764.1M | $1.9B | ||
| Q2 24 | $759.2M | $1.8B | ||
| Q1 24 | $759.4M | $1.8B |
| Q4 25 | $992.3M | — | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $992.9M | $2.1B | ||
| Q2 24 | $992.7M | $2.0B | ||
| Q1 24 | $1.0B | $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 | $130.5M | $83.4M |
| Free Cash FlowOCF − Capex | $122.9M | $82.0M |
| FCF MarginFCF / Revenue | 39.9% | 37.6% |
| Capex IntensityCapex / Revenue | 2.5% | 0.6% |
| Cash ConversionOCF / Net Profit | 1.50× | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | — | ||
| Q3 25 | $-48.6M | $83.4M | ||
| Q2 25 | $124.0M | $57.9M | ||
| Q1 25 | $67.6M | $92.0M | ||
| Q4 24 | $135.8M | $56.0M | ||
| Q3 24 | $-29.4M | $67.2M | ||
| Q2 24 | $98.6M | $65.3M | ||
| Q1 24 | $85.0M | $57.1M |
| Q4 25 | $122.9M | — | ||
| Q3 25 | $-58.3M | $82.0M | ||
| Q2 25 | $115.4M | $44.2M | ||
| Q1 25 | $58.7M | $83.7M | ||
| Q4 24 | $126.1M | $51.4M | ||
| Q3 24 | $-39.0M | $59.2M | ||
| Q2 24 | $89.6M | $53.0M | ||
| Q1 24 | $76.0M | $50.2M |
| Q4 25 | 39.9% | — | ||
| Q3 25 | -22.3% | 37.6% | ||
| Q2 25 | 46.6% | 17.4% | ||
| Q1 25 | 20.3% | 31.4% | ||
| Q4 24 | 43.1% | 19.5% | ||
| Q3 24 | -16.3% | 23.5% | ||
| Q2 24 | 39.4% | 21.9% | ||
| Q1 24 | 27.7% | 21.9% |
| Q4 25 | 2.5% | — | ||
| Q3 25 | 3.7% | 0.6% | ||
| Q2 25 | 3.5% | 5.4% | ||
| Q1 25 | 3.1% | 3.1% | ||
| Q4 24 | 3.3% | 1.8% | ||
| Q3 24 | 4.0% | 3.2% | ||
| Q2 24 | 3.9% | 5.1% | ||
| Q1 24 | 3.3% | 3.0% |
| Q4 25 | 1.50× | — | ||
| Q3 25 | -2.99× | 2.95× | ||
| Q2 25 | 2.98× | 1.71× | ||
| Q1 25 | 0.94× | 1.44× | ||
| Q4 24 | 1.66× | 1.15× | ||
| Q3 24 | -0.71× | 1.27× | ||
| Q2 24 | 2.83× | 1.23× | ||
| Q1 24 | 1.25× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
