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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.
SOLAREDGE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($335.4M vs $218.2M, roughly 1.5× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -39.4%, a 52.3% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $43.3M). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% 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.
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
ONTO vs SEDG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $335.4M |
| Net Profit | $28.2M | $-132.1M |
| Gross Margin | 50.7% | 22.2% |
| Operating Margin | 10.9% | -14.4% |
| Net Margin | 12.9% | -39.4% |
| Revenue YoY | -13.5% | 70.9% |
| Net Profit YoY | -46.8% | 54.0% |
| EPS (diluted) | $0.57 | $-2.21 |
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 | — | $335.4M | ||
| Q3 25 | $218.2M | $340.2M | ||
| Q2 25 | $253.6M | $289.4M | ||
| Q1 25 | $266.6M | $219.5M | ||
| Q4 24 | $263.9M | $196.2M | ||
| Q3 24 | $252.2M | $235.4M | ||
| Q2 24 | $242.3M | $265.4M | ||
| Q1 24 | $228.8M | $204.4M |
| Q4 25 | — | $-132.1M | ||
| Q3 25 | $28.2M | $-50.1M | ||
| Q2 25 | $33.9M | $-124.7M | ||
| Q1 25 | $64.1M | $-98.5M | ||
| Q4 24 | $48.8M | $-287.4M | ||
| Q3 24 | $53.1M | $-1.2B | ||
| Q2 24 | $52.9M | $-130.8M | ||
| Q1 24 | $46.9M | $-157.3M |
| Q4 25 | — | 22.2% | ||
| Q3 25 | 50.7% | 21.2% | ||
| Q2 25 | 48.2% | 11.1% | ||
| Q1 25 | 53.7% | 8.0% | ||
| Q4 24 | 50.2% | -57.2% | ||
| Q3 24 | 54.1% | -309.1% | ||
| Q2 24 | 52.9% | -4.1% | ||
| Q1 24 | 51.7% | -12.8% |
| Q4 25 | — | -14.4% | ||
| Q3 25 | 10.9% | -10.3% | ||
| Q2 25 | 12.7% | -39.9% | ||
| Q1 25 | 23.7% | -46.8% | ||
| Q4 24 | 16.1% | -134.4% | ||
| Q3 24 | 21.0% | -471.8% | ||
| Q2 24 | 20.2% | -60.4% | ||
| Q1 24 | 18.7% | -85.0% |
| Q4 25 | — | -39.4% | ||
| Q3 25 | 12.9% | -14.7% | ||
| Q2 25 | 13.4% | -43.1% | ||
| Q1 25 | 24.0% | -44.9% | ||
| Q4 24 | 18.5% | -146.5% | ||
| Q3 24 | 21.0% | -522.8% | ||
| Q2 24 | 21.9% | -49.3% | ||
| Q1 24 | 20.5% | -77.0% |
| Q4 25 | — | $-2.21 | ||
| Q3 25 | $0.57 | $-0.84 | ||
| Q2 25 | $0.69 | $-2.13 | ||
| Q1 25 | $1.30 | $-1.70 | ||
| Q4 24 | $0.98 | $-5.00 | ||
| Q3 24 | $1.07 | $-21.58 | ||
| Q2 24 | $1.07 | $-2.31 | ||
| Q1 24 | $0.94 | $-2.75 |
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 | $493.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $427.5M |
| Total Assets | $2.2B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $493.2M | ||
| Q3 25 | $603.1M | $498.6M | ||
| Q2 25 | $217.5M | $758.0M | ||
| Q1 25 | $203.7M | $651.6M | ||
| Q4 24 | $212.9M | $585.9M | ||
| Q3 24 | $188.7M | $678.8M | ||
| Q2 24 | $172.6M | $689.8M | ||
| Q1 24 | $190.9M | $680.6M |
| Q4 25 | — | $427.5M | ||
| Q3 25 | $2.0B | $479.8M | ||
| Q2 25 | $2.0B | $513.2M | ||
| Q1 25 | $1.9B | $594.2M | ||
| Q4 24 | $1.9B | $658.3M | ||
| Q3 24 | $1.9B | $930.9M | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | $1.8B | $2.2B |
| Q4 25 | — | $2.2B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.1B | $2.6B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.0B | $3.9B | ||
| Q1 24 | $2.0B | $4.2B |
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 | $52.6M |
| Free Cash FlowOCF − Capex | $82.0M | $43.3M |
| FCF MarginFCF / Revenue | 37.6% | 12.9% |
| Capex IntensityCapex / Revenue | 0.6% | 2.8% |
| Cash ConversionOCF / Net Profit | 2.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $52.6M | ||
| Q3 25 | $83.4M | $25.6M | ||
| Q2 25 | $57.9M | $-7.8M | ||
| Q1 25 | $92.0M | $33.8M | ||
| Q4 24 | $56.0M | $37.8M | ||
| Q3 24 | $67.2M | $-89.3M | ||
| Q2 24 | $65.3M | $-44.8M | ||
| Q1 24 | $57.1M | $-217.0M |
| Q4 25 | — | $43.3M | ||
| Q3 25 | $82.0M | $22.8M | ||
| Q2 25 | $44.2M | $-9.1M | ||
| Q1 25 | $83.7M | $23.7M | ||
| Q4 24 | $51.4M | $25.5M | ||
| Q3 24 | $59.2M | $-136.7M | ||
| Q2 24 | $53.0M | $-67.0M | ||
| Q1 24 | $50.2M | $-243.4M |
| Q4 25 | — | 12.9% | ||
| Q3 25 | 37.6% | 6.7% | ||
| Q2 25 | 17.4% | -3.1% | ||
| Q1 25 | 31.4% | 10.8% | ||
| Q4 24 | 19.5% | 13.0% | ||
| Q3 24 | 23.5% | -58.1% | ||
| Q2 24 | 21.9% | -25.2% | ||
| Q1 24 | 21.9% | -119.1% |
| Q4 25 | — | 2.8% | ||
| Q3 25 | 0.6% | 0.8% | ||
| Q2 25 | 5.4% | 0.4% | ||
| Q1 25 | 3.1% | 4.6% | ||
| Q4 24 | 1.8% | 6.2% | ||
| Q3 24 | 3.2% | 20.1% | ||
| Q2 24 | 5.1% | 8.4% | ||
| Q1 24 | 3.0% | 12.9% |
| 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% |
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
