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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $153.1M, roughly 1.4× CPI Card Group Inc.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 4.8%, a 8.1% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $35.2M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
ONTO vs PMTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $153.1M |
| Net Profit | $28.2M | $7.3M |
| Gross Margin | 50.7% | 31.5% |
| Operating Margin | 10.9% | 12.0% |
| Net Margin | 12.9% | 4.8% |
| Revenue YoY | -13.5% | 22.3% |
| Net Profit YoY | -46.8% | 8.5% |
| EPS (diluted) | $0.57 | $0.62 |
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 | — | $153.1M | ||
| Q3 25 | $218.2M | $138.0M | ||
| Q2 25 | $253.6M | $129.8M | ||
| Q1 25 | $266.6M | $122.8M | ||
| Q4 24 | $263.9M | $125.1M | ||
| Q3 24 | $252.2M | $124.8M | ||
| Q2 24 | $242.3M | $118.8M | ||
| Q1 24 | $228.8M | $111.9M |
| Q4 25 | — | $7.3M | ||
| Q3 25 | $28.2M | $2.3M | ||
| Q2 25 | $33.9M | $518.0K | ||
| Q1 25 | $64.1M | $4.8M | ||
| Q4 24 | $48.8M | $6.8M | ||
| Q3 24 | $53.1M | $1.3M | ||
| Q2 24 | $52.9M | $6.0M | ||
| Q1 24 | $46.9M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | 50.7% | 29.7% | ||
| Q2 25 | 48.2% | 30.9% | ||
| Q1 25 | 53.7% | 33.2% | ||
| Q4 24 | 50.2% | 34.1% | ||
| Q3 24 | 54.1% | 35.8% | ||
| Q2 24 | 52.9% | 35.7% | ||
| Q1 24 | 51.7% | 37.1% |
| Q4 25 | — | 12.0% | ||
| Q3 25 | 10.9% | 9.4% | ||
| Q2 25 | 12.7% | 7.3% | ||
| Q1 25 | 23.7% | 11.5% | ||
| Q4 24 | 16.1% | 12.7% | ||
| Q3 24 | 21.0% | 14.3% | ||
| Q2 24 | 20.2% | 12.5% | ||
| Q1 24 | 18.7% | 12.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 12.9% | 1.7% | ||
| Q2 25 | 13.4% | 0.4% | ||
| Q1 25 | 24.0% | 3.9% | ||
| Q4 24 | 18.5% | 5.4% | ||
| Q3 24 | 21.0% | 1.0% | ||
| Q2 24 | 21.9% | 5.1% | ||
| Q1 24 | 20.5% | 4.9% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $0.57 | $0.19 | ||
| Q2 25 | $0.69 | $0.04 | ||
| Q1 25 | $1.30 | $0.40 | ||
| Q4 24 | $0.98 | $0.56 | ||
| Q3 24 | $1.07 | $0.11 | ||
| Q2 24 | $1.07 | $0.51 | ||
| Q1 24 | $0.94 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $2.0B | $-17.3M |
| Total Assets | $2.2B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.7M | ||
| Q3 25 | $603.1M | $16.0M | ||
| Q2 25 | $217.5M | $17.1M | ||
| Q1 25 | $203.7M | $31.5M | ||
| Q4 24 | $212.9M | $33.5M | ||
| Q3 24 | $188.7M | $14.7M | ||
| Q2 24 | $172.6M | $7.5M | ||
| Q1 24 | $190.9M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | — | $-17.3M | ||
| Q3 25 | $2.0B | $-25.7M | ||
| Q2 25 | $2.0B | $-29.0M | ||
| Q1 25 | $1.9B | $-29.7M | ||
| Q4 24 | $1.9B | $-35.6M | ||
| Q3 24 | $1.9B | $-42.8M | ||
| Q2 24 | $1.8B | $-44.6M | ||
| Q1 24 | $1.8B | $-48.5M |
| Q4 25 | — | $403.2M | ||
| Q3 25 | $2.2B | $407.1M | ||
| Q2 25 | $2.1B | $399.8M | ||
| Q1 25 | $2.1B | $351.9M | ||
| Q4 24 | $2.1B | $349.7M | ||
| Q3 24 | $2.1B | $342.3M | ||
| Q2 24 | $2.0B | $321.4M | ||
| Q1 24 | $2.0B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $82.0M | $35.2M |
| FCF MarginFCF / Revenue | 37.6% | 23.0% |
| Capex IntensityCapex / Revenue | 0.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 2.95× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.6M | ||
| Q3 25 | $83.4M | $10.0M | ||
| Q2 25 | $57.9M | $4.3M | ||
| Q1 25 | $92.0M | $5.6M | ||
| Q4 24 | $56.0M | $26.7M | ||
| Q3 24 | $67.2M | $12.5M | ||
| Q2 24 | $65.3M | $-4.8M | ||
| Q1 24 | $57.1M | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | $82.0M | $5.3M | ||
| Q2 25 | $44.2M | $533.0K | ||
| Q1 25 | $83.7M | $292.0K | ||
| Q4 24 | $51.4M | $21.6M | ||
| Q3 24 | $59.2M | $11.1M | ||
| Q2 24 | $53.0M | $-6.0M | ||
| Q1 24 | $50.2M | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | 37.6% | 3.8% | ||
| Q2 25 | 17.4% | 0.4% | ||
| Q1 25 | 31.4% | 0.2% | ||
| Q4 24 | 19.5% | 17.3% | ||
| Q3 24 | 23.5% | 8.9% | ||
| Q2 24 | 21.9% | -5.0% | ||
| Q1 24 | 21.9% | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 0.6% | 3.4% | ||
| Q2 25 | 5.4% | 2.9% | ||
| Q1 25 | 3.1% | 4.3% | ||
| Q4 24 | 1.8% | 4.0% | ||
| Q3 24 | 3.2% | 1.2% | ||
| Q2 24 | 5.1% | 1.0% | ||
| Q1 24 | 3.0% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | 2.95× | 4.32× | ||
| Q2 25 | 1.71× | 8.39× | ||
| Q1 25 | 1.44× | 1.17× | ||
| Q4 24 | 1.15× | 3.94× | ||
| Q3 24 | 1.27× | 9.70× | ||
| Q2 24 | 1.23× | -0.79× | ||
| Q1 24 | 1.22× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
