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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Root, Inc. (ROOT). Click either name above to swap in a different company.

Root, Inc. is the larger business by last-quarter revenue ($397.0M vs $218.2M, roughly 1.8× ONTO INNOVATION INC.). On growth, Root, Inc. posted the faster year-over-year revenue change (21.5% vs -13.5%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% 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.

Root Insurance Company is an online car insurance company operating in the United States.

ONTO vs ROOT — Head-to-Head

Bigger by revenue
ROOT
ROOT
1.8× larger
ROOT
$397.0M
$218.2M
ONTO
Growing faster (revenue YoY)
ROOT
ROOT
+35.0% gap
ROOT
21.5%
-13.5%
ONTO
Faster 2-yr revenue CAGR
ROOT
ROOT
Annualised
ROOT
24.8%
2.6%
ONTO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ONTO
ONTO
ROOT
ROOT
Revenue
$218.2M
$397.0M
Net Profit
$28.2M
Gross Margin
50.7%
Operating Margin
10.9%
2.6%
Net Margin
12.9%
Revenue YoY
-13.5%
21.5%
Net Profit YoY
-46.8%
EPS (diluted)
$0.57
$0.35

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.

Revenue
ONTO
ONTO
ROOT
ROOT
Q4 25
$397.0M
Q3 25
$218.2M
$387.8M
Q2 25
$253.6M
$382.9M
Q1 25
$266.6M
$349.4M
Q4 24
$263.9M
$326.7M
Q3 24
$252.2M
$305.7M
Q2 24
$242.3M
$289.2M
Q1 24
$228.8M
$254.9M
Net Profit
ONTO
ONTO
ROOT
ROOT
Q4 25
Q3 25
$28.2M
$-5.4M
Q2 25
$33.9M
$22.0M
Q1 25
$64.1M
$18.4M
Q4 24
$48.8M
Q3 24
$53.1M
$22.8M
Q2 24
$52.9M
$-7.8M
Q1 24
$46.9M
$-6.2M
Gross Margin
ONTO
ONTO
ROOT
ROOT
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%
Operating Margin
ONTO
ONTO
ROOT
ROOT
Q4 25
2.6%
Q3 25
10.9%
0.1%
Q2 25
12.7%
7.1%
Q1 25
23.7%
6.8%
Q4 24
16.1%
10.7%
Q3 24
21.0%
11.3%
Q2 24
20.2%
1.3%
Q1 24
18.7%
2.1%
Net Margin
ONTO
ONTO
ROOT
ROOT
Q4 25
Q3 25
12.9%
-1.4%
Q2 25
13.4%
5.7%
Q1 25
24.0%
5.3%
Q4 24
18.5%
Q3 24
21.0%
7.5%
Q2 24
21.9%
-2.7%
Q1 24
20.5%
-2.4%
EPS (diluted)
ONTO
ONTO
ROOT
ROOT
Q4 25
$0.35
Q3 25
$0.57
$-0.35
Q2 25
$0.69
$1.29
Q1 25
$1.30
$1.07
Q4 24
$0.98
$1.42
Q3 24
$1.07
$1.35
Q2 24
$1.07
$-0.52
Q1 24
$0.94
$-0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ONTO
ONTO
ROOT
ROOT
Cash + ST InvestmentsLiquidity on hand
$603.1M
$669.3M
Total DebtLower is stronger
$200.3M
Stockholders' EquityBook value
$2.0B
$284.3M
Total Assets
$2.2B
$1.7B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONTO
ONTO
ROOT
ROOT
Q4 25
$669.3M
Q3 25
$603.1M
$653.3M
Q2 25
$217.5M
$641.4M
Q1 25
$203.7M
$609.4M
Q4 24
$212.9M
$599.3M
Q3 24
$188.7M
$674.8M
Q2 24
$172.6M
$667.2M
Q1 24
$190.9M
$640.5M
Total Debt
ONTO
ONTO
ROOT
ROOT
Q4 25
$200.3M
Q3 25
$200.4M
Q2 25
$200.1M
Q1 25
$200.0M
Q4 24
$200.1M
Q3 24
$300.9M
Q2 24
$300.1M
Q1 24
$299.3M
Stockholders' Equity
ONTO
ONTO
ROOT
ROOT
Q4 25
$284.3M
Q3 25
$2.0B
$265.0M
Q2 25
$2.0B
$244.5M
Q1 25
$1.9B
$228.7M
Q4 24
$1.9B
$203.7M
Q3 24
$1.9B
$181.9M
Q2 24
$1.8B
$151.3M
Q1 24
$1.8B
$165.7M
Total Assets
ONTO
ONTO
ROOT
ROOT
Q4 25
$1.7B
Q3 25
$2.2B
$1.6B
Q2 25
$2.1B
$1.6B
Q1 25
$2.1B
$1.6B
Q4 24
$2.1B
$1.5B
Q3 24
$2.1B
$1.6B
Q2 24
$2.0B
$1.5B
Q1 24
$2.0B
$1.4B
Debt / Equity
ONTO
ONTO
ROOT
ROOT
Q4 25
0.70×
Q3 25
0.76×
Q2 25
0.82×
Q1 25
0.87×
Q4 24
0.98×
Q3 24
1.65×
Q2 24
1.98×
Q1 24
1.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ONTO
ONTO
ROOT
ROOT
Operating Cash FlowLast quarter
$83.4M
$206.5M
Free Cash FlowOCF − Capex
$82.0M
FCF MarginFCF / Revenue
37.6%
Capex IntensityCapex / Revenue
0.6%
0.0%
Cash ConversionOCF / Net Profit
2.95×
TTM Free Cash FlowTrailing 4 quarters
$261.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONTO
ONTO
ROOT
ROOT
Q4 25
$206.5M
Q3 25
$83.4M
$57.6M
Q2 25
$57.9M
$52.0M
Q1 25
$92.0M
$26.8M
Q4 24
$56.0M
$195.7M
Q3 24
$67.2M
$49.4M
Q2 24
$65.3M
$62.6M
Q1 24
$57.1M
$14.5M
Free Cash Flow
ONTO
ONTO
ROOT
ROOT
Q4 25
Q3 25
$82.0M
Q2 25
$44.2M
Q1 25
$83.7M
Q4 24
$51.4M
$195.3M
Q3 24
$59.2M
Q2 24
$53.0M
$62.4M
Q1 24
$50.2M
$14.3M
FCF Margin
ONTO
ONTO
ROOT
ROOT
Q4 25
Q3 25
37.6%
Q2 25
17.4%
Q1 25
31.4%
Q4 24
19.5%
59.8%
Q3 24
23.5%
Q2 24
21.9%
21.6%
Q1 24
21.9%
5.6%
Capex Intensity
ONTO
ONTO
ROOT
ROOT
Q4 25
0.0%
Q3 25
0.6%
0.0%
Q2 25
5.4%
0.0%
Q1 25
3.1%
0.0%
Q4 24
1.8%
0.1%
Q3 24
3.2%
0.0%
Q2 24
5.1%
0.1%
Q1 24
3.0%
0.1%
Cash Conversion
ONTO
ONTO
ROOT
ROOT
Q4 25
Q3 25
2.95×
Q2 25
1.71×
2.36×
Q1 25
1.44×
1.46×
Q4 24
1.15×
Q3 24
1.27×
2.17×
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
ONTO

Systems And Software Revenue$173.8M80%
Parts Revenue$23.9M11%
Service Revenue$20.5M9%

ROOT
ROOT

Segment breakdown not available.

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