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Side-by-side financial comparison of Metallus Inc. (MTUS) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $218.2M, roughly 1.2× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -5.3%, a 18.3% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-37.2M). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% CAGR vs -8.8%).
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.
MTUS vs ONTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.3M | $218.2M |
| Net Profit | $-14.3M | $28.2M |
| Gross Margin | 2.2% | 50.7% |
| Operating Margin | -7.7% | 10.9% |
| Net Margin | -5.3% | 12.9% |
| Revenue YoY | 11.1% | -13.5% |
| Net Profit YoY | 33.2% | -46.8% |
| EPS (diluted) | $-0.34 | $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 | $267.3M | — | ||
| Q3 25 | $305.9M | $218.2M | ||
| Q2 25 | $304.6M | $253.6M | ||
| Q1 25 | $280.5M | $266.6M | ||
| Q4 24 | $240.5M | $263.9M | ||
| Q3 24 | $227.2M | $252.2M | ||
| Q2 24 | $294.7M | $242.3M | ||
| Q1 24 | $321.6M | $228.8M |
| Q4 25 | $-14.3M | — | ||
| Q3 25 | $8.1M | $28.2M | ||
| Q2 25 | $3.7M | $33.9M | ||
| Q1 25 | $1.3M | $64.1M | ||
| Q4 24 | $-21.4M | $48.8M | ||
| Q3 24 | $-5.9M | $53.1M | ||
| Q2 24 | $4.6M | $52.9M | ||
| Q1 24 | $24.0M | $46.9M |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 11.4% | 50.7% | ||
| Q2 25 | 10.6% | 48.2% | ||
| Q1 25 | 7.8% | 53.7% | ||
| Q4 24 | 4.5% | 50.2% | ||
| Q3 24 | 5.3% | 54.1% | ||
| Q2 24 | 8.2% | 52.9% | ||
| Q1 24 | 15.7% | 51.7% |
| Q4 25 | -7.7% | — | ||
| Q3 25 | 3.6% | 10.9% | ||
| Q2 25 | 2.8% | 12.7% | ||
| Q1 25 | 1.0% | 23.7% | ||
| Q4 24 | -10.1% | 16.1% | ||
| Q3 24 | -3.1% | 21.0% | ||
| Q2 24 | 2.1% | 20.2% | ||
| Q1 24 | 9.3% | 18.7% |
| Q4 25 | -5.3% | — | ||
| Q3 25 | 2.6% | 12.9% | ||
| Q2 25 | 1.2% | 13.4% | ||
| Q1 25 | 0.5% | 24.0% | ||
| Q4 24 | -8.9% | 18.5% | ||
| Q3 24 | -2.6% | 21.0% | ||
| Q2 24 | 1.6% | 21.9% | ||
| Q1 24 | 7.5% | 20.5% |
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $0.19 | $0.57 | ||
| Q2 25 | $0.09 | $0.69 | ||
| Q1 25 | $0.03 | $1.30 | ||
| Q4 24 | $-0.46 | $0.98 | ||
| Q3 24 | $-0.13 | $1.07 | ||
| Q2 24 | $0.10 | $1.07 | ||
| Q1 24 | $0.52 | $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 | $156.7M | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $686.0M | $2.0B |
| Total Assets | $1.1B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | — | ||
| Q3 25 | $191.5M | $603.1M | ||
| Q2 25 | $190.8M | $217.5M | ||
| Q1 25 | $180.3M | $203.7M | ||
| Q4 24 | $240.7M | $212.9M | ||
| Q3 24 | $254.6M | $188.7M | ||
| Q2 24 | $272.8M | $172.6M | ||
| Q1 24 | $278.1M | $190.9M |
| Q4 25 | — | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $13.2M | — | ||
| Q2 24 | $13.2M | — | ||
| Q1 24 | $13.2M | — |
| Q4 25 | $686.0M | — | ||
| Q3 25 | $697.7M | $2.0B | ||
| Q2 25 | $690.0M | $2.0B | ||
| Q1 25 | $686.1M | $1.9B | ||
| Q4 24 | $690.5M | $1.9B | ||
| Q3 24 | $712.7M | $1.9B | ||
| Q2 24 | $736.3M | $1.8B | ||
| Q1 24 | $739.3M | $1.8B |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.2B | $2.0B |
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.02× | — | ||
| Q1 24 | 0.02× | — |
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 | $-1.9M | $83.4M |
| Free Cash FlowOCF − Capex | $-37.2M | $82.0M |
| FCF MarginFCF / Revenue | -13.9% | 37.6% |
| Capex IntensityCapex / Revenue | 13.2% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.0M | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $22.0M | $83.4M | ||
| Q2 25 | $34.8M | $57.9M | ||
| Q1 25 | $-38.9M | $92.0M | ||
| Q4 24 | $13.9M | $56.0M | ||
| Q3 24 | $-15.3M | $67.2M | ||
| Q2 24 | $8.3M | $65.3M | ||
| Q1 24 | $33.4M | $57.1M |
| Q4 25 | $-37.2M | — | ||
| Q3 25 | $-6.4M | $82.0M | ||
| Q2 25 | $17.0M | $44.2M | ||
| Q1 25 | $-66.4M | $83.7M | ||
| Q4 24 | $-1.3M | $51.4M | ||
| Q3 24 | $-32.9M | $59.2M | ||
| Q2 24 | $-5.8M | $53.0M | ||
| Q1 24 | $16.0M | $50.2M |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -2.1% | 37.6% | ||
| Q2 25 | 5.6% | 17.4% | ||
| Q1 25 | -23.7% | 31.4% | ||
| Q4 24 | -0.5% | 19.5% | ||
| Q3 24 | -14.5% | 23.5% | ||
| Q2 24 | -2.0% | 21.9% | ||
| Q1 24 | 5.0% | 21.9% |
| Q4 25 | 13.2% | — | ||
| Q3 25 | 9.3% | 0.6% | ||
| Q2 25 | 5.8% | 5.4% | ||
| Q1 25 | 9.8% | 3.1% | ||
| Q4 24 | 6.3% | 1.8% | ||
| Q3 24 | 7.7% | 3.2% | ||
| Q2 24 | 4.8% | 5.1% | ||
| Q1 24 | 5.4% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.72× | 2.95× | ||
| Q2 25 | 9.41× | 1.71× | ||
| Q1 25 | -29.92× | 1.44× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | 1.80× | 1.23× | ||
| Q1 24 | 1.39× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
