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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $140.7M, roughly 1.6× Purple Innovation, Inc.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -2.3%, a 15.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
ONTO vs PRPL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $140.7M |
| Net Profit | $28.2M | $-3.2M |
| Gross Margin | 50.7% | 41.9% |
| Operating Margin | 10.9% | -1.6% |
| Net Margin | 12.9% | -2.3% |
| Revenue YoY | -13.5% | 9.1% |
| Net Profit YoY | -46.8% | 62.1% |
| EPS (diluted) | $0.57 | $0.03 |
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 | — | $140.7M | ||
| Q3 25 | $218.2M | $118.8M | ||
| Q2 25 | $253.6M | $105.1M | ||
| Q1 25 | $266.6M | $104.2M | ||
| Q4 24 | $263.9M | $129.0M | ||
| Q3 24 | $252.2M | $118.6M | ||
| Q2 24 | $242.3M | $120.3M | ||
| Q1 24 | $228.8M | $120.0M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $28.2M | $-11.7M | ||
| Q2 25 | $33.9M | $-17.3M | ||
| Q1 25 | $64.1M | $-19.1M | ||
| Q4 24 | $48.8M | $-8.5M | ||
| Q3 24 | $53.1M | $-39.2M | ||
| Q2 24 | $52.9M | $27.0K | ||
| Q1 24 | $46.9M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | 50.7% | 42.8% | ||
| Q2 25 | 48.2% | 35.9% | ||
| Q1 25 | 53.7% | 39.4% | ||
| Q4 24 | 50.2% | 42.9% | ||
| Q3 24 | 54.1% | 29.7% | ||
| Q2 24 | 52.9% | 40.7% | ||
| Q1 24 | 51.7% | 34.8% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | 10.9% | -10.2% | ||
| Q2 25 | 12.7% | -13.5% | ||
| Q1 25 | 23.7% | -13.9% | ||
| Q4 24 | 16.1% | -6.0% | ||
| Q3 24 | 21.0% | -39.5% | ||
| Q2 24 | 20.2% | -12.1% | ||
| Q1 24 | 18.7% | -19.3% |
| Q4 25 | — | -2.3% | ||
| Q3 25 | 12.9% | -9.9% | ||
| Q2 25 | 13.4% | -16.5% | ||
| Q1 25 | 24.0% | -18.4% | ||
| Q4 24 | 18.5% | -6.6% | ||
| Q3 24 | 21.0% | -33.1% | ||
| Q2 24 | 21.9% | 0.0% | ||
| Q1 24 | 20.5% | -41.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.57 | $0.11 | ||
| Q2 25 | $0.69 | $0.16 | ||
| Q1 25 | $1.30 | $0.18 | ||
| Q4 24 | $0.98 | $0.08 | ||
| Q3 24 | $1.07 | $0.36 | ||
| Q2 24 | $1.07 | $0.00 | ||
| Q1 24 | $0.94 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $2.0B | $-29.7M |
| Total Assets | $2.2B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | $603.1M | $32.4M | ||
| Q2 25 | $217.5M | $34.2M | ||
| Q1 25 | $203.7M | $21.6M | ||
| Q4 24 | $212.9M | $29.0M | ||
| Q3 24 | $188.7M | $23.4M | ||
| Q2 24 | $172.6M | $23.4M | ||
| Q1 24 | $190.9M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-29.7M | ||
| Q3 25 | $2.0B | $-26.9M | ||
| Q2 25 | $2.0B | $-15.6M | ||
| Q1 25 | $1.9B | $1.3M | ||
| Q4 24 | $1.9B | $20.2M | ||
| Q3 24 | $1.9B | $28.0M | ||
| Q2 24 | $1.8B | $66.4M | ||
| Q1 24 | $1.8B | $65.5M |
| Q4 25 | — | $296.3M | ||
| Q3 25 | $2.2B | $302.1M | ||
| Q2 25 | $2.1B | $303.8M | ||
| Q1 25 | $2.1B | $293.8M | ||
| Q4 24 | $2.1B | $307.8M | ||
| Q3 24 | $2.1B | $309.3M | ||
| Q2 24 | $2.0B | $362.1M | ||
| Q1 24 | $2.0B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $82.0M | $-7.8M |
| FCF MarginFCF / Revenue | 37.6% | -5.5% |
| Capex IntensityCapex / Revenue | 0.6% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $83.4M | $-968.0K | ||
| Q2 25 | $57.9M | $-4.0M | ||
| Q1 25 | $92.0M | $-23.1M | ||
| Q4 24 | $56.0M | $6.8M | ||
| Q3 24 | $67.2M | $1.1M | ||
| Q2 24 | $65.3M | $-8.9M | ||
| Q1 24 | $57.1M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | $82.0M | $-1.8M | ||
| Q2 25 | $44.2M | $-7.0M | ||
| Q1 25 | $83.7M | $-25.3M | ||
| Q4 24 | $51.4M | $5.7M | ||
| Q3 24 | $59.2M | $101.0K | ||
| Q2 24 | $53.0M | $-11.0M | ||
| Q1 24 | $50.2M | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | 37.6% | -1.5% | ||
| Q2 25 | 17.4% | -6.6% | ||
| Q1 25 | 31.4% | -24.3% | ||
| Q4 24 | 19.5% | 4.4% | ||
| Q3 24 | 23.5% | 0.1% | ||
| Q2 24 | 21.9% | -9.2% | ||
| Q1 24 | 21.9% | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 5.4% | 2.8% | ||
| Q1 25 | 3.1% | 2.2% | ||
| Q4 24 | 1.8% | 0.8% | ||
| Q3 24 | 3.2% | 0.9% | ||
| Q2 24 | 5.1% | 1.7% | ||
| Q1 24 | 3.0% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.23× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
