vs
Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Quantum-Si Inc (QSI). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $451.0K, roughly 483.8× Quantum-Si Inc). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -3904.9%, a 3917.8% gap on every dollar of revenue. On growth, ONTO INNOVATION INC. posted the faster year-over-year revenue change (-13.5% vs -62.2%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-16.4M). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% CAGR vs -0.7%).
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.
Silicon Quantum Computing Pty Ltd (SQC) is a Sydney, Australia-based quantum computing company.
ONTO vs QSI — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $451.0K |
| Net Profit | $28.2M | $-17.6M |
| Gross Margin | 50.7% | 27.1% |
| Operating Margin | 10.9% | -4677.2% |
| Net Margin | 12.9% | -3904.9% |
| Revenue YoY | -13.5% | -62.2% |
| Net Profit YoY | -46.8% | 46.8% |
| EPS (diluted) | $0.57 | $-0.07 |
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 | — | $451.0K | ||
| Q3 25 | $218.2M | $552.0K | ||
| Q2 25 | $253.6M | $591.0K | ||
| Q1 25 | $266.6M | $842.0K | ||
| Q4 24 | $263.9M | $1.2M | ||
| Q3 24 | $252.2M | $787.0K | ||
| Q2 24 | $242.3M | $622.0K | ||
| Q1 24 | $228.8M | $457.0K |
| Q4 25 | — | $-17.6M | ||
| Q3 25 | $28.2M | $-35.7M | ||
| Q2 25 | $33.9M | $-28.8M | ||
| Q1 25 | $64.1M | $-19.2M | ||
| Q4 24 | $48.8M | $-33.1M | ||
| Q3 24 | $53.1M | $-25.3M | ||
| Q2 24 | $52.9M | $-23.1M | ||
| Q1 24 | $46.9M | $-19.5M |
| Q4 25 | — | 27.1% | ||
| Q3 25 | 50.7% | 35.1% | ||
| Q2 25 | 48.2% | 59.4% | ||
| Q1 25 | 53.7% | 57.7% | ||
| Q4 24 | 50.2% | 51.2% | ||
| Q3 24 | 54.1% | 46.6% | ||
| Q2 24 | 52.9% | 56.9% | ||
| Q1 24 | 51.7% | 58.9% |
| Q4 25 | — | -4677.2% | ||
| Q3 25 | 10.9% | -7205.3% | ||
| Q2 25 | 12.7% | -5096.4% | ||
| Q1 25 | 23.7% | -2982.4% | ||
| Q4 24 | 16.1% | -2573.6% | ||
| Q3 24 | 21.0% | -3569.0% | ||
| Q2 24 | 20.2% | -4252.6% | ||
| Q1 24 | 18.7% | -5111.6% |
| Q4 25 | — | -3904.9% | ||
| Q3 25 | 12.9% | -6467.9% | ||
| Q2 25 | 13.4% | -4879.2% | ||
| Q1 25 | 24.0% | -2279.0% | ||
| Q4 24 | 18.5% | -2778.6% | ||
| Q3 24 | 21.0% | -3216.4% | ||
| Q2 24 | 21.9% | -3713.7% | ||
| Q1 24 | 20.5% | -4261.3% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | $0.57 | $-0.17 | ||
| Q2 25 | $0.69 | $-0.16 | ||
| Q1 25 | $1.30 | $-0.11 | ||
| Q4 24 | $0.98 | $-0.23 | ||
| Q3 24 | $1.07 | $-0.18 | ||
| Q2 24 | $1.07 | $-0.16 | ||
| Q1 24 | $0.94 | $-0.14 |
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 | $21.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $220.2M |
| Total Assets | $2.2B | $245.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.6M | ||
| Q3 25 | $603.1M | $30.9M | ||
| Q2 25 | $217.5M | $22.2M | ||
| Q1 25 | $203.7M | $37.3M | ||
| Q4 24 | $212.9M | $49.2M | ||
| Q3 24 | $188.7M | $42.3M | ||
| Q2 24 | $172.6M | $59.6M | ||
| Q1 24 | $190.9M | $53.2M |
| Q4 25 | — | $220.2M | ||
| Q3 25 | $2.0B | $235.2M | ||
| Q2 25 | $2.0B | $221.0M | ||
| Q1 25 | $1.9B | $246.9M | ||
| Q4 24 | $1.9B | $215.4M | ||
| Q3 24 | $1.9B | $210.5M | ||
| Q2 24 | $1.8B | $233.3M | ||
| Q1 24 | $1.8B | $253.8M |
| Q4 25 | — | $245.6M | ||
| Q3 25 | $2.2B | $260.1M | ||
| Q2 25 | $2.1B | $254.4M | ||
| Q1 25 | $2.1B | $271.2M | ||
| Q4 24 | $2.1B | $247.9M | ||
| Q3 24 | $2.1B | $236.5M | ||
| Q2 24 | $2.0B | $256.7M | ||
| Q1 24 | $2.0B | $275.6M |
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 | $-16.3M |
| Free Cash FlowOCF − Capex | $82.0M | $-16.4M |
| FCF MarginFCF / Revenue | 37.6% | -3628.4% |
| Capex IntensityCapex / Revenue | 0.6% | 3.8% |
| Cash ConversionOCF / Net Profit | 2.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $-97.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-16.3M | ||
| Q3 25 | $83.4M | $-32.0M | ||
| Q2 25 | $57.9M | $-20.2M | ||
| Q1 25 | $92.0M | $-26.2M | ||
| Q4 24 | $56.0M | $-22.9M | ||
| Q3 24 | $67.2M | $-23.2M | ||
| Q2 24 | $65.3M | $-18.6M | ||
| Q1 24 | $57.1M | $-23.2M |
| Q4 25 | — | $-16.4M | ||
| Q3 25 | $82.0M | $-32.9M | ||
| Q2 25 | $44.2M | $-20.5M | ||
| Q1 25 | $83.7M | $-27.5M | ||
| Q4 24 | $51.4M | $-24.3M | ||
| Q3 24 | $59.2M | $-24.1M | ||
| Q2 24 | $53.0M | $-19.7M | ||
| Q1 24 | $50.2M | $-24.3M |
| Q4 25 | — | -3628.4% | ||
| Q3 25 | 37.6% | -5963.6% | ||
| Q2 25 | 17.4% | -3472.8% | ||
| Q1 25 | 31.4% | -3261.4% | ||
| Q4 24 | 19.5% | -2039.9% | ||
| Q3 24 | 23.5% | -3065.8% | ||
| Q2 24 | 21.9% | -3164.0% | ||
| Q1 24 | 21.9% | -5307.2% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | 0.6% | 163.0% | ||
| Q2 25 | 5.4% | 55.3% | ||
| Q1 25 | 3.1% | 155.2% | ||
| Q4 24 | 1.8% | 120.4% | ||
| Q3 24 | 3.2% | 123.9% | ||
| Q2 24 | 5.1% | 181.2% | ||
| Q1 24 | 3.0% | 228.9% |
| 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× | — | ||
| 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% |
QSI
Segment breakdown not available.
