vs
Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $218.2M, roughly 1.1× 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, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 2.6%).
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.
ONTO vs OSW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $242.1M |
| Net Profit | $28.2M | $12.1M |
| Gross Margin | 50.7% | — |
| Operating Margin | 10.9% | 6.8% |
| Net Margin | 12.9% | 5.0% |
| Revenue YoY | -13.5% | 11.5% |
| Net Profit YoY | -46.8% | -16.2% |
| EPS (diluted) | $0.57 | $0.12 |
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 | — | $242.1M | ||
| Q3 25 | $218.2M | $258.5M | ||
| Q2 25 | $253.6M | $240.7M | ||
| Q1 25 | $266.6M | $219.6M | ||
| Q4 24 | $263.9M | $217.2M | ||
| Q3 24 | $252.2M | $241.7M | ||
| Q2 24 | $242.3M | $224.9M | ||
| Q1 24 | $228.8M | $211.2M |
| Q4 25 | — | $12.1M | ||
| Q3 25 | $28.2M | $24.3M | ||
| Q2 25 | $33.9M | $19.9M | ||
| Q1 25 | $64.1M | $15.3M | ||
| Q4 24 | $48.8M | $14.4M | ||
| Q3 24 | $53.1M | $21.6M | ||
| Q2 24 | $52.9M | $15.8M | ||
| Q1 24 | $46.9M | $21.2M |
| 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 | — | 6.8% | ||
| Q3 25 | 10.9% | 10.2% | ||
| Q2 25 | 12.7% | 9.2% | ||
| Q1 25 | 23.7% | 7.7% | ||
| Q4 24 | 16.1% | 7.9% | ||
| Q3 24 | 21.0% | 10.3% | ||
| Q2 24 | 20.2% | 8.4% | ||
| Q1 24 | 18.7% | 8.0% |
| Q4 25 | — | 5.0% | ||
| Q3 25 | 12.9% | 9.4% | ||
| Q2 25 | 13.4% | 8.3% | ||
| Q1 25 | 24.0% | 7.0% | ||
| Q4 24 | 18.5% | 6.6% | ||
| Q3 24 | 21.0% | 8.9% | ||
| Q2 24 | 21.9% | 7.0% | ||
| Q1 24 | 20.5% | 10.0% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | $0.57 | $0.23 | ||
| Q2 25 | $0.69 | $0.19 | ||
| Q1 25 | $1.30 | $0.15 | ||
| Q4 24 | $0.98 | $0.13 | ||
| Q3 24 | $1.07 | $0.20 | ||
| Q2 24 | $1.07 | $0.15 | ||
| Q1 24 | $0.94 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $603.1M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $2.0B | $542.6M |
| Total Assets | $2.2B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.3M | ||
| Q3 25 | $603.1M | $29.6M | ||
| Q2 25 | $217.5M | $35.0M | ||
| Q1 25 | $203.7M | $22.6M | ||
| Q4 24 | $212.9M | $57.4M | ||
| Q3 24 | $188.7M | $48.8M | ||
| Q2 24 | $172.6M | $62.5M | ||
| Q1 24 | $190.9M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | — | $542.6M | ||
| Q3 25 | $2.0B | $552.8M | ||
| Q2 25 | $2.0B | $548.3M | ||
| Q1 25 | $1.9B | $530.6M | ||
| Q4 24 | $1.9B | $554.5M | ||
| Q3 24 | $1.9B | $540.1M | ||
| Q2 24 | $1.8B | $532.7M | ||
| Q1 24 | $1.8B | $515.5M |
| Q4 25 | — | $707.1M | ||
| Q3 25 | $2.2B | $732.6M | ||
| Q2 25 | $2.1B | $731.8M | ||
| Q1 25 | $2.1B | $708.7M | ||
| Q4 24 | $2.1B | $746.4M | ||
| Q3 24 | $2.1B | $734.0M | ||
| Q2 24 | $2.0B | $756.8M | ||
| Q1 24 | $2.0B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $83.4M | $20.0M |
| Free Cash FlowOCF − Capex | $82.0M | $14.9M |
| FCF MarginFCF / Revenue | 37.6% | 6.2% |
| Capex IntensityCapex / Revenue | 0.6% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.95× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.0M | ||
| Q3 25 | $83.4M | $33.2M | ||
| Q2 25 | $57.9M | $20.3M | ||
| Q1 25 | $92.0M | $10.1M | ||
| Q4 24 | $56.0M | $16.6M | ||
| Q3 24 | $67.2M | $28.6M | ||
| Q2 24 | $65.3M | $18.7M | ||
| Q1 24 | $57.1M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | $82.0M | $27.6M | ||
| Q2 25 | $44.2M | $17.6M | ||
| Q1 25 | $83.7M | $8.4M | ||
| Q4 24 | $51.4M | $13.2M | ||
| Q3 24 | $59.2M | $27.5M | ||
| Q2 24 | $53.0M | $17.6M | ||
| Q1 24 | $50.2M | $13.7M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 37.6% | 10.7% | ||
| Q2 25 | 17.4% | 7.3% | ||
| Q1 25 | 31.4% | 3.8% | ||
| Q4 24 | 19.5% | 6.1% | ||
| Q3 24 | 23.5% | 11.4% | ||
| Q2 24 | 21.9% | 7.8% | ||
| Q1 24 | 21.9% | 6.5% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 0.6% | 2.2% | ||
| Q2 25 | 5.4% | 1.1% | ||
| Q1 25 | 3.1% | 0.8% | ||
| Q4 24 | 1.8% | 1.5% | ||
| Q3 24 | 3.2% | 0.5% | ||
| Q2 24 | 5.1% | 0.5% | ||
| Q1 24 | 3.0% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | 2.95× | 1.36× | ||
| Q2 25 | 1.71× | 1.02× | ||
| Q1 25 | 1.44× | 0.66× | ||
| Q4 24 | 1.15× | 1.15× | ||
| Q3 24 | 1.27× | 1.33× | ||
| Q2 24 | 1.23× | 1.19× | ||
| Q1 24 | 1.22× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
