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Side-by-side financial comparison of Enpro Inc. (NPO) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.

Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $218.2M, roughly 1.4× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -10.8%, a 23.8% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs -13.5%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% CAGR vs 2.6%).

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

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.

NPO vs ONTO — Head-to-Head

Bigger by revenue
NPO
NPO
1.4× larger
NPO
$295.4M
$218.2M
ONTO
Growing faster (revenue YoY)
NPO
NPO
+27.8% gap
NPO
14.3%
-13.5%
ONTO
Higher net margin
ONTO
ONTO
23.8% more per $
ONTO
12.9%
-10.8%
NPO
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
2.6%
ONTO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NPO
NPO
ONTO
ONTO
Revenue
$295.4M
$218.2M
Net Profit
$-32.0M
$28.2M
Gross Margin
42.1%
50.7%
Operating Margin
11.2%
10.9%
Net Margin
-10.8%
12.9%
Revenue YoY
14.3%
-13.5%
Net Profit YoY
-330.2%
-46.8%
EPS (diluted)
$-1.50
$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
NPO
NPO
ONTO
ONTO
Q4 25
$295.4M
Q3 25
$286.6M
$218.2M
Q2 25
$288.1M
$253.6M
Q1 25
$273.2M
$266.6M
Q4 24
$258.4M
$263.9M
Q3 24
$260.9M
$252.2M
Q2 24
$271.9M
$242.3M
Q1 24
$257.5M
$228.8M
Net Profit
NPO
NPO
ONTO
ONTO
Q4 25
$-32.0M
Q3 25
$21.6M
$28.2M
Q2 25
$26.4M
$33.9M
Q1 25
$24.5M
$64.1M
Q4 24
$13.9M
$48.8M
Q3 24
$19.8M
$53.1M
Q2 24
$26.7M
$52.9M
Q1 24
$12.5M
$46.9M
Gross Margin
NPO
NPO
ONTO
ONTO
Q4 25
42.1%
Q3 25
41.9%
50.7%
Q2 25
43.3%
48.2%
Q1 25
43.3%
53.7%
Q4 24
42.3%
50.2%
Q3 24
42.3%
54.1%
Q2 24
43.8%
52.9%
Q1 24
41.2%
51.7%
Operating Margin
NPO
NPO
ONTO
ONTO
Q4 25
11.2%
Q3 25
14.3%
10.9%
Q2 25
15.9%
12.7%
Q1 25
15.3%
23.7%
Q4 24
12.5%
16.1%
Q3 24
13.1%
21.0%
Q2 24
17.7%
20.2%
Q1 24
10.9%
18.7%
Net Margin
NPO
NPO
ONTO
ONTO
Q4 25
-10.8%
Q3 25
7.5%
12.9%
Q2 25
9.2%
13.4%
Q1 25
9.0%
24.0%
Q4 24
5.4%
18.5%
Q3 24
7.6%
21.0%
Q2 24
9.8%
21.9%
Q1 24
4.9%
20.5%
EPS (diluted)
NPO
NPO
ONTO
ONTO
Q4 25
$-1.50
Q3 25
$1.01
$0.57
Q2 25
$1.25
$0.69
Q1 25
$1.15
$1.30
Q4 24
$0.65
$0.98
Q3 24
$0.94
$1.07
Q2 24
$1.27
$1.07
Q1 24
$0.59
$0.94

Balance Sheet & Financial Strength

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

Metric
NPO
NPO
ONTO
ONTO
Cash + ST InvestmentsLiquidity on hand
$114.7M
$603.1M
Total DebtLower is stronger
$655.3M
Stockholders' EquityBook value
$1.5B
$2.0B
Total Assets
$2.7B
$2.2B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NPO
NPO
ONTO
ONTO
Q4 25
$114.7M
Q3 25
$132.9M
$603.1M
Q2 25
$107.1M
$217.5M
Q1 25
$240.3M
$203.7M
Q4 24
$236.3M
$212.9M
Q3 24
$206.9M
$188.7M
Q2 24
$175.9M
$172.6M
Q1 24
$163.9M
$190.9M
Total Debt
NPO
NPO
ONTO
ONTO
Q4 25
$655.3M
Q3 25
Q2 25
Q1 25
Q4 24
$640.1M
Q3 24
Q2 24
Q1 24
$644.9M
Stockholders' Equity
NPO
NPO
ONTO
ONTO
Q4 25
$1.5B
Q3 25
$1.5B
$2.0B
Q2 25
$1.5B
$2.0B
Q1 25
$1.5B
$1.9B
Q4 24
$1.4B
$1.9B
Q3 24
$1.5B
$1.9B
Q2 24
$1.4B
$1.8B
Q1 24
$1.4B
$1.8B
Total Assets
NPO
NPO
ONTO
ONTO
Q4 25
$2.7B
Q3 25
$2.4B
$2.2B
Q2 25
$2.4B
$2.1B
Q1 25
$2.5B
$2.1B
Q4 24
$2.5B
$2.1B
Q3 24
$2.5B
$2.1B
Q2 24
$2.5B
$2.0B
Q1 24
$2.5B
$2.0B
Debt / Equity
NPO
NPO
ONTO
ONTO
Q4 25
0.42×
Q3 25
Q2 25
Q1 25
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.46×

Cash Flow & Capital Efficiency

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

Metric
NPO
NPO
ONTO
ONTO
Operating Cash FlowLast quarter
$83.4M
Free Cash FlowOCF − Capex
$82.0M
FCF MarginFCF / Revenue
37.6%
Capex IntensityCapex / Revenue
4.1%
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
NPO
NPO
ONTO
ONTO
Q4 25
Q3 25
$65.3M
$83.4M
Q2 25
$52.2M
$57.9M
Q1 25
$21.0M
$92.0M
Q4 24
$59.4M
$56.0M
Q3 24
$54.0M
$67.2M
Q2 24
$43.2M
$65.3M
Q1 24
$6.3M
$57.1M
Free Cash Flow
NPO
NPO
ONTO
ONTO
Q4 25
Q3 25
$53.4M
$82.0M
Q2 25
$42.3M
$44.2M
Q1 25
$13.0M
$83.7M
Q4 24
$49.1M
$51.4M
Q3 24
$48.3M
$59.2M
Q2 24
$38.3M
$53.0M
Q1 24
$-1.9M
$50.2M
FCF Margin
NPO
NPO
ONTO
ONTO
Q4 25
Q3 25
18.6%
37.6%
Q2 25
14.7%
17.4%
Q1 25
4.8%
31.4%
Q4 24
19.0%
19.5%
Q3 24
18.5%
23.5%
Q2 24
14.1%
21.9%
Q1 24
-0.7%
21.9%
Capex Intensity
NPO
NPO
ONTO
ONTO
Q4 25
4.1%
Q3 25
4.2%
0.6%
Q2 25
3.4%
5.4%
Q1 25
2.9%
3.1%
Q4 24
4.0%
1.8%
Q3 24
2.2%
3.2%
Q2 24
1.8%
5.1%
Q1 24
3.2%
3.0%
Cash Conversion
NPO
NPO
ONTO
ONTO
Q4 25
Q3 25
3.02×
2.95×
Q2 25
1.98×
1.71×
Q1 25
0.86×
1.44×
Q4 24
4.27×
1.15×
Q3 24
2.73×
1.27×
Q2 24
1.62×
1.23×
Q1 24
0.50×
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

ONTO
ONTO

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

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