vs
Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $124.5M, roughly 1.8× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 12.9%, a 116.8% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $24.1M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
ONTO vs PD — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $124.5M |
| Net Profit | $28.2M | $161.6M |
| Gross Margin | 50.7% | 85.3% |
| Operating Margin | 10.9% | 6.5% |
| Net Margin | 12.9% | 129.7% |
| Revenue YoY | -13.5% | 4.7% |
| Net Profit YoY | -46.8% | 2827.7% |
| EPS (diluted) | $0.57 | $1.69 |
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 | — | $124.5M | ||
| Q3 25 | $218.2M | $123.4M | ||
| Q2 25 | $253.6M | $119.8M | ||
| Q1 25 | $266.6M | $121.4M | ||
| Q4 24 | $263.9M | $118.9M | ||
| Q3 24 | $252.2M | $115.9M | ||
| Q2 24 | $242.3M | $111.2M | ||
| Q1 24 | $228.8M | $111.1M |
| Q4 25 | — | $161.6M | ||
| Q3 25 | $28.2M | $9.6M | ||
| Q2 25 | $33.9M | $-7.2M | ||
| Q1 25 | $64.1M | $-8.8M | ||
| Q4 24 | $48.8M | $-5.9M | ||
| Q3 24 | $53.1M | $-10.9M | ||
| Q2 24 | $52.9M | $-17.1M | ||
| Q1 24 | $46.9M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | 50.7% | 84.6% | ||
| Q2 25 | 48.2% | 84.0% | ||
| Q1 25 | 53.7% | 83.6% | ||
| Q4 24 | 50.2% | 83.0% | ||
| Q3 24 | 54.1% | 82.7% | ||
| Q2 24 | 52.9% | 82.6% | ||
| Q1 24 | 51.7% | 81.7% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 10.9% | 2.9% | ||
| Q2 25 | 12.7% | -8.6% | ||
| Q1 25 | 23.7% | -9.6% | ||
| Q4 24 | 16.1% | -8.7% | ||
| Q3 24 | 21.0% | -13.8% | ||
| Q2 24 | 20.2% | -19.5% | ||
| Q1 24 | 18.7% | -30.1% |
| Q4 25 | — | 129.7% | ||
| Q3 25 | 12.9% | 7.8% | ||
| Q2 25 | 13.4% | -6.0% | ||
| Q1 25 | 24.0% | -7.2% | ||
| Q4 24 | 18.5% | -5.0% | ||
| Q3 24 | 21.0% | -9.4% | ||
| Q2 24 | 21.9% | -15.4% | ||
| Q1 24 | 20.5% | -25.3% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | $0.57 | $0.10 | ||
| Q2 25 | $0.69 | $-0.07 | ||
| Q1 25 | $1.30 | $-0.12 | ||
| Q4 24 | $0.98 | $-0.07 | ||
| Q3 24 | $1.07 | $-0.14 | ||
| Q2 24 | $1.07 | $-0.26 | ||
| Q1 24 | $0.94 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $320.5M |
| Total Assets | $2.2B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $547.8M | ||
| Q3 25 | $603.1M | $567.9M | ||
| Q2 25 | $217.5M | $597.1M | ||
| Q1 25 | $203.7M | $570.8M | ||
| Q4 24 | $212.9M | $542.2M | ||
| Q3 24 | $188.7M | $599.3M | ||
| Q2 24 | $172.6M | $592.8M | ||
| Q1 24 | $190.9M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | — | $320.5M | ||
| Q3 25 | $2.0B | $180.7M | ||
| Q2 25 | $2.0B | $145.7M | ||
| Q1 25 | $1.9B | $129.8M | ||
| Q4 24 | $1.9B | $111.6M | ||
| Q3 24 | $1.9B | $164.7M | ||
| Q2 24 | $1.8B | $174.0M | ||
| Q1 24 | $1.8B | $171.6M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $2.2B | $891.5M | ||
| Q2 25 | $2.1B | $926.8M | ||
| Q1 25 | $2.1B | $927.3M | ||
| Q4 24 | $2.1B | $866.8M | ||
| Q3 24 | $2.1B | $916.0M | ||
| Q2 24 | $2.0B | $924.0M | ||
| Q1 24 | $2.0B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $82.0M | $24.1M |
| FCF MarginFCF / Revenue | 37.6% | 19.3% |
| Capex IntensityCapex / Revenue | 0.6% | 0.6% |
| Cash ConversionOCF / Net Profit | 2.95× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.8M | ||
| Q3 25 | $83.4M | $34.0M | ||
| Q2 25 | $57.9M | $30.7M | ||
| Q1 25 | $92.0M | $31.4M | ||
| Q4 24 | $56.0M | $22.1M | ||
| Q3 24 | $67.2M | $35.8M | ||
| Q2 24 | $65.3M | $28.6M | ||
| Q1 24 | $57.1M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | $82.0M | $33.1M | ||
| Q2 25 | $44.2M | $30.2M | ||
| Q1 25 | $83.7M | $30.3M | ||
| Q4 24 | $51.4M | $21.5M | ||
| Q3 24 | $59.2M | $35.1M | ||
| Q2 24 | $53.0M | $28.2M | ||
| Q1 24 | $50.2M | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | 37.6% | 26.8% | ||
| Q2 25 | 17.4% | 25.2% | ||
| Q1 25 | 31.4% | 24.9% | ||
| Q4 24 | 19.5% | 18.1% | ||
| Q3 24 | 23.5% | 30.3% | ||
| Q2 24 | 21.9% | 25.4% | ||
| Q1 24 | 21.9% | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 5.4% | 0.4% | ||
| Q1 25 | 3.1% | 0.9% | ||
| Q4 24 | 1.8% | 0.5% | ||
| Q3 24 | 3.2% | 0.5% | ||
| Q2 24 | 5.1% | 0.4% | ||
| Q1 24 | 3.0% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | 2.95× | 3.55× | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.22× | — |
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
