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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $218.2M, roughly 1.0× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 6.3%, a 6.6% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
ONTO vs PWP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $219.2M |
| Net Profit | $28.2M | $13.8M |
| Gross Margin | 50.7% | — |
| Operating Margin | 10.9% | 8.5% |
| Net Margin | 12.9% | 6.3% |
| Revenue YoY | -13.5% | -2.9% |
| Net Profit YoY | -46.8% | — |
| EPS (diluted) | $0.57 | $0.11 |
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 | — | $219.2M | ||
| Q3 25 | $218.2M | $164.6M | ||
| Q2 25 | $253.6M | $155.3M | ||
| Q1 25 | $266.6M | $211.8M | ||
| Q4 24 | $263.9M | $225.7M | ||
| Q3 24 | $252.2M | $278.2M | ||
| Q2 24 | $242.3M | $272.0M | ||
| Q1 24 | $228.8M | $102.1M |
| Q4 25 | — | $13.8M | ||
| Q3 25 | $28.2M | $6.0M | ||
| Q2 25 | $33.9M | $2.7M | ||
| Q1 25 | $64.1M | $17.3M | ||
| Q4 24 | $48.8M | — | ||
| Q3 24 | $53.1M | $16.4M | ||
| Q2 24 | $52.9M | $-66.0M | ||
| Q1 24 | $46.9M | $-35.8M |
| 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 | — | 8.5% | ||
| Q3 25 | 10.9% | 5.4% | ||
| Q2 25 | 12.7% | 5.8% | ||
| Q1 25 | 23.7% | 5.5% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 21.0% | 12.9% | ||
| Q2 24 | 20.2% | -30.2% | ||
| Q1 24 | 18.7% | -52.4% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 12.9% | 3.6% | ||
| Q2 25 | 13.4% | 1.8% | ||
| Q1 25 | 24.0% | 8.2% | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | 21.0% | 5.9% | ||
| Q2 24 | 21.9% | -24.3% | ||
| Q1 24 | 20.5% | -35.1% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $0.57 | $0.08 | ||
| Q2 25 | $0.69 | $0.04 | ||
| Q1 25 | $1.30 | $0.24 | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $1.07 | $0.24 | ||
| Q2 24 | $1.07 | $-1.21 | ||
| Q1 24 | $0.94 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $-127.4M |
| Total Assets | $2.2B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $255.9M | ||
| Q3 25 | $603.1M | $185.5M | ||
| Q2 25 | $217.5M | $145.0M | ||
| Q1 25 | $203.7M | $111.2M | ||
| Q4 24 | $212.9M | $407.4M | ||
| Q3 24 | $188.7M | $335.1M | ||
| Q2 24 | $172.6M | $185.3M | ||
| Q1 24 | $190.9M | $156.7M |
| Q4 25 | — | $-127.4M | ||
| Q3 25 | $2.0B | $-302.4M | ||
| Q2 25 | $2.0B | $-318.4M | ||
| Q1 25 | $1.9B | $-323.1M | ||
| Q4 24 | $1.9B | $-421.4M | ||
| Q3 24 | $1.9B | $-360.8M | ||
| Q2 24 | $1.8B | $-283.0M | ||
| Q1 24 | $1.8B | $161.9M |
| Q4 25 | — | $797.6M | ||
| Q3 25 | $2.2B | $650.2M | ||
| Q2 25 | $2.1B | $606.7M | ||
| Q1 25 | $2.1B | $570.5M | ||
| Q4 24 | $2.1B | $876.8M | ||
| Q3 24 | $2.1B | $810.9M | ||
| Q2 24 | $2.0B | $645.5M | ||
| Q1 24 | $2.0B | $583.6M |
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 | $34.8M |
| Free Cash FlowOCF − Capex | $82.0M | $30.5M |
| FCF MarginFCF / Revenue | 37.6% | 13.9% |
| Capex IntensityCapex / Revenue | 0.6% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.95× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $34.8M | ||
| Q3 25 | $83.4M | $59.2M | ||
| Q2 25 | $57.9M | $56.1M | ||
| Q1 25 | $92.0M | $-176.5M | ||
| Q4 24 | $56.0M | $223.4M | ||
| Q3 24 | $67.2M | $200.3M | ||
| Q2 24 | $65.3M | $90.0M | ||
| Q1 24 | $57.1M | $-206.3M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | $82.0M | $57.6M | ||
| Q2 25 | $44.2M | $55.3M | ||
| Q1 25 | $83.7M | $-177.6M | ||
| Q4 24 | $51.4M | $207.0M | ||
| Q3 24 | $59.2M | $199.3M | ||
| Q2 24 | $53.0M | $83.7M | ||
| Q1 24 | $50.2M | $-214.8M |
| Q4 25 | — | 13.9% | ||
| Q3 25 | 37.6% | 35.0% | ||
| Q2 25 | 17.4% | 35.6% | ||
| Q1 25 | 31.4% | -83.8% | ||
| Q4 24 | 19.5% | 91.7% | ||
| Q3 24 | 23.5% | 71.6% | ||
| Q2 24 | 21.9% | 30.8% | ||
| Q1 24 | 21.9% | -210.3% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.6% | 0.9% | ||
| Q2 25 | 5.4% | 0.5% | ||
| Q1 25 | 3.1% | 0.5% | ||
| Q4 24 | 1.8% | 7.3% | ||
| Q3 24 | 3.2% | 0.4% | ||
| Q2 24 | 5.1% | 2.3% | ||
| Q1 24 | 3.0% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | 2.95× | 9.85× | ||
| Q2 25 | 1.71× | 20.50× | ||
| Q1 25 | 1.44× | -10.18× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.27× | 12.23× | ||
| 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% |
PWP
Segment breakdown not available.
