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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $200.5M, roughly 1.1× ROGERS CORP). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 2.2%, a 10.7% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $1.1M). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
ONTO vs ROG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $200.5M |
| Net Profit | $28.2M | $4.5M |
| Gross Margin | 50.7% | 32.2% |
| Operating Margin | 10.9% | — |
| Net Margin | 12.9% | 2.2% |
| Revenue YoY | -13.5% | 5.2% |
| Net Profit YoY | -46.8% | 421.4% |
| EPS (diluted) | $0.57 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | — | $201.5M | ||
| Q3 25 | $218.2M | $216.0M | ||
| Q2 25 | $253.6M | $202.8M | ||
| Q1 25 | $266.6M | $190.5M | ||
| Q4 24 | $263.9M | $192.2M | ||
| Q3 24 | $252.2M | $210.3M | ||
| Q2 24 | $242.3M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $4.6M | ||
| Q3 25 | $28.2M | $8.6M | ||
| Q2 25 | $33.9M | $-73.6M | ||
| Q1 25 | $64.1M | $-1.4M | ||
| Q4 24 | $48.8M | $-500.0K | ||
| Q3 24 | $53.1M | $10.7M | ||
| Q2 24 | $52.9M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | 50.7% | 33.5% | ||
| Q2 25 | 48.2% | 31.6% | ||
| Q1 25 | 53.7% | 29.9% | ||
| Q4 24 | 50.2% | 32.1% | ||
| Q3 24 | 54.1% | 35.2% | ||
| Q2 24 | 52.9% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | 10.9% | 7.3% | ||
| Q2 25 | 12.7% | -33.3% | ||
| Q1 25 | 23.7% | -0.2% | ||
| Q4 24 | 16.1% | -6.6% | ||
| Q3 24 | 21.0% | 6.9% | ||
| Q2 24 | 20.2% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 12.9% | 4.0% | ||
| Q2 25 | 13.4% | -36.3% | ||
| Q1 25 | 24.0% | -0.7% | ||
| Q4 24 | 18.5% | -0.3% | ||
| Q3 24 | 21.0% | 5.1% | ||
| Q2 24 | 21.9% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $0.57 | $0.48 | ||
| Q2 25 | $0.69 | $-4.00 | ||
| Q1 25 | $1.30 | $-0.08 | ||
| Q4 24 | $0.98 | $-0.04 | ||
| Q3 24 | $1.07 | $0.58 | ||
| Q2 24 | $1.07 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $1.2B |
| Total Assets | $2.2B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | — | $197.0M | ||
| Q3 25 | $603.1M | $167.8M | ||
| Q2 25 | $217.5M | $157.2M | ||
| Q1 25 | $203.7M | $175.6M | ||
| Q4 24 | $212.9M | $159.8M | ||
| Q3 24 | $188.7M | $146.4M | ||
| Q2 24 | $172.6M | $119.9M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.8B | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $2.0B | $1.5B |
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 | $1.1M |
| FCF MarginFCF / Revenue | 37.6% | 0.5% |
| Capex IntensityCapex / Revenue | 0.6% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.95× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | — | $46.9M | ||
| Q3 25 | $83.4M | $28.9M | ||
| Q2 25 | $57.9M | $13.7M | ||
| Q1 25 | $92.0M | $11.7M | ||
| Q4 24 | $56.0M | $33.7M | ||
| Q3 24 | $67.2M | $42.4M | ||
| Q2 24 | $65.3M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | $82.0M | $21.2M | ||
| Q2 25 | $44.2M | $5.6M | ||
| Q1 25 | $83.7M | $2.1M | ||
| Q4 24 | $51.4M | $18.3M | ||
| Q3 24 | $59.2M | $25.2M | ||
| Q2 24 | $53.0M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | 37.6% | 9.8% | ||
| Q2 25 | 17.4% | 2.8% | ||
| Q1 25 | 31.4% | 1.1% | ||
| Q4 24 | 19.5% | 9.5% | ||
| Q3 24 | 23.5% | 12.0% | ||
| Q2 24 | 21.9% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 0.6% | 3.6% | ||
| Q2 25 | 5.4% | 4.0% | ||
| Q1 25 | 3.1% | 5.0% | ||
| Q4 24 | 1.8% | 8.0% | ||
| Q3 24 | 3.2% | 8.2% | ||
| Q2 24 | 5.1% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | 2.95× | 3.36× | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.27× | 3.96× | ||
| Q2 24 | 1.23× | 2.83× |
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% |
ROG
Segment breakdown not available.
