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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $218.2M, roughly 1.8× ONTO INNOVATION INC.). Paylocity Holding Corp runs the higher net margin — 13.0% vs 12.9%, a 0.0% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -13.5%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $82.0M). Over the past eight quarters, Paylocity Holding Corp's revenue compounded faster (2.7% 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.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
ONTO vs PCTY — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $387.0M |
| Net Profit | $28.2M | $50.2M |
| Gross Margin | 50.7% | 72.9% |
| Operating Margin | 10.9% | 18.2% |
| Net Margin | 12.9% | 13.0% |
| Revenue YoY | -13.5% | 11.3% |
| Net Profit YoY | -46.8% | 34.0% |
| EPS (diluted) | $0.57 | $0.92 |
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 | — | $387.0M | ||
| Q3 25 | $218.2M | $378.9M | ||
| Q2 25 | $253.6M | $369.9M | ||
| Q1 25 | $266.6M | $421.1M | ||
| Q4 24 | $263.9M | $347.7M | ||
| Q3 24 | $252.2M | $333.1M | ||
| Q2 24 | $242.3M | $324.7M | ||
| Q1 24 | $228.8M | $366.8M |
| Q4 25 | — | $50.2M | ||
| Q3 25 | $28.2M | $48.0M | ||
| Q2 25 | $33.9M | $48.6M | ||
| Q1 25 | $64.1M | $91.5M | ||
| Q4 24 | $48.8M | $37.5M | ||
| Q3 24 | $53.1M | $49.6M | ||
| Q2 24 | $52.9M | $48.8M | ||
| Q1 24 | $46.9M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | 50.7% | 73.9% | ||
| Q2 25 | 48.2% | 73.5% | ||
| Q1 25 | 53.7% | 77.1% | ||
| Q4 24 | 50.2% | 72.6% | ||
| Q3 24 | 54.1% | 74.4% | ||
| Q2 24 | 52.9% | 74.0% | ||
| Q1 24 | 51.7% | 77.8% |
| Q4 25 | — | 18.2% | ||
| Q3 25 | 10.9% | 19.6% | ||
| Q2 25 | 12.7% | 17.9% | ||
| Q1 25 | 23.7% | 30.2% | ||
| Q4 24 | 16.1% | 13.4% | ||
| Q3 24 | 21.0% | 19.3% | ||
| Q2 24 | 20.2% | 19.4% | ||
| Q1 24 | 18.7% | 29.0% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | 12.9% | 12.7% | ||
| Q2 25 | 13.4% | 13.1% | ||
| Q1 25 | 24.0% | 21.7% | ||
| Q4 24 | 18.5% | 10.8% | ||
| Q3 24 | 21.0% | 14.9% | ||
| Q2 24 | 21.9% | 15.0% | ||
| Q1 24 | 20.5% | 23.3% |
| Q4 25 | — | $0.92 | ||
| Q3 25 | $0.57 | $0.86 | ||
| Q2 25 | $0.69 | $0.87 | ||
| Q1 25 | $1.30 | $1.61 | ||
| Q4 24 | $0.98 | $0.66 | ||
| Q3 24 | $1.07 | $0.88 | ||
| Q2 24 | $1.07 | $0.85 | ||
| Q1 24 | $0.94 | $1.50 |
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 | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $2.0B | $1.1B |
| Total Assets | $2.2B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $162.5M | ||
| Q3 25 | $603.1M | $165.2M | ||
| Q2 25 | $217.5M | $398.1M | ||
| Q1 25 | $203.7M | $477.8M | ||
| Q4 24 | $212.9M | $482.4M | ||
| Q3 24 | $188.7M | $778.5M | ||
| Q2 24 | $172.6M | $401.8M | ||
| Q1 24 | $190.9M | $492.7M |
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.8B | $1.0B | ||
| Q1 24 | $1.8B | $1.1B |
| Q4 25 | — | $7.0B | ||
| Q3 25 | $2.2B | $4.2B | ||
| Q2 25 | $2.1B | $4.4B | ||
| Q1 25 | $2.1B | $5.2B | ||
| Q4 24 | $2.1B | $5.3B | ||
| Q3 24 | $2.1B | $4.0B | ||
| Q2 24 | $2.0B | $4.2B | ||
| Q1 24 | $2.0B | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | — |
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 | $117.0M |
| Free Cash FlowOCF − Capex | $82.0M | $113.6M |
| FCF MarginFCF / Revenue | 37.6% | 29.4% |
| Capex IntensityCapex / Revenue | 0.6% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.95× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $117.0M | ||
| Q3 25 | $83.4M | $86.5M | ||
| Q2 25 | $57.9M | $86.6M | ||
| Q1 25 | $92.0M | $186.0M | ||
| Q4 24 | $56.0M | $54.2M | ||
| Q3 24 | $67.2M | $91.5M | ||
| Q2 24 | $65.3M | $79.9M | ||
| Q1 24 | $57.1M | $167.5M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | $82.0M | $82.7M | ||
| Q2 25 | $44.2M | $81.1M | ||
| Q1 25 | $83.7M | $183.7M | ||
| Q4 24 | $51.4M | $51.2M | ||
| Q3 24 | $59.2M | $89.1M | ||
| Q2 24 | $53.0M | $73.6M | ||
| Q1 24 | $50.2M | $162.0M |
| Q4 25 | — | 29.4% | ||
| Q3 25 | 37.6% | 21.8% | ||
| Q2 25 | 17.4% | 21.9% | ||
| Q1 25 | 31.4% | 43.6% | ||
| Q4 24 | 19.5% | 14.7% | ||
| Q3 24 | 23.5% | 26.8% | ||
| Q2 24 | 21.9% | 22.7% | ||
| Q1 24 | 21.9% | 44.2% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.6% | 1.0% | ||
| Q2 25 | 5.4% | 1.5% | ||
| Q1 25 | 3.1% | 0.5% | ||
| Q4 24 | 1.8% | 0.9% | ||
| Q3 24 | 3.2% | 0.7% | ||
| Q2 24 | 5.1% | 1.9% | ||
| Q1 24 | 3.0% | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | 2.95× | 1.80× | ||
| Q2 25 | 1.71× | 1.78× | ||
| Q1 25 | 1.44× | 2.03× | ||
| Q4 24 | 1.15× | 1.45× | ||
| Q3 24 | 1.27× | 1.84× | ||
| Q2 24 | 1.23× | 1.64× | ||
| Q1 24 | 1.22× | 1.96× |
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% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
