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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $218.2M, roughly 1.8× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 11.2%, a 1.7% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -13.5%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $82.0M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
ONTO vs SKWD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $385.6M |
| Net Profit | $28.2M | $43.2M |
| Gross Margin | 50.7% | — |
| Operating Margin | 10.9% | 14.2% |
| Net Margin | 12.9% | 11.2% |
| Revenue YoY | -13.5% | 26.7% |
| Net Profit YoY | -46.8% | 200.1% |
| EPS (diluted) | $0.57 | $1.03 |
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 | — | $385.6M | ||
| Q3 25 | $218.2M | $382.5M | ||
| Q2 25 | $253.6M | $319.9M | ||
| Q1 25 | $266.6M | $328.5M | ||
| Q4 24 | $263.9M | $304.4M | ||
| Q3 24 | $252.2M | $300.9M | ||
| Q2 24 | $242.3M | $279.9M | ||
| Q1 24 | $228.8M | $265.0M |
| Q4 25 | — | $43.2M | ||
| Q3 25 | $28.2M | $45.9M | ||
| Q2 25 | $33.9M | $38.8M | ||
| Q1 25 | $64.1M | $42.1M | ||
| Q4 24 | $48.8M | $14.4M | ||
| Q3 24 | $53.1M | $36.7M | ||
| Q2 24 | $52.9M | $31.0M | ||
| Q1 24 | $46.9M | $36.8M |
| 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 | — | 14.2% | ||
| Q3 25 | 10.9% | 15.8% | ||
| Q2 25 | 12.7% | 15.6% | ||
| Q1 25 | 23.7% | 15.7% | ||
| Q4 24 | 16.1% | 6.1% | ||
| Q3 24 | 21.0% | 15.6% | ||
| Q2 24 | 20.2% | 14.4% | ||
| Q1 24 | 18.7% | 17.7% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | 12.9% | 12.0% | ||
| Q2 25 | 13.4% | 12.1% | ||
| Q1 25 | 24.0% | 12.8% | ||
| Q4 24 | 18.5% | 4.7% | ||
| Q3 24 | 21.0% | 12.2% | ||
| Q2 24 | 21.9% | 11.1% | ||
| Q1 24 | 20.5% | 13.9% |
| Q4 25 | — | $1.03 | ||
| Q3 25 | $0.57 | $1.10 | ||
| Q2 25 | $0.69 | $0.93 | ||
| Q1 25 | $1.30 | $1.01 | ||
| Q4 24 | $0.98 | $0.33 | ||
| Q3 24 | $1.07 | $0.89 | ||
| Q2 24 | $1.07 | $0.75 | ||
| Q1 24 | $0.94 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $1.0B |
| Total Assets | $2.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $168.5M | ||
| Q3 25 | $603.1M | $160.1M | ||
| Q2 25 | $217.5M | $136.6M | ||
| Q1 25 | $203.7M | $112.9M | ||
| Q4 24 | $212.9M | $121.6M | ||
| Q3 24 | $188.7M | $105.6M | ||
| Q2 24 | $172.6M | $73.0M | ||
| Q1 24 | $190.9M | $85.1M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $2.0B | $961.4M | ||
| Q2 25 | $2.0B | $899.9M | ||
| Q1 25 | $1.9B | $850.7M | ||
| Q4 24 | $1.9B | $794.0M | ||
| Q3 24 | $1.9B | $797.5M | ||
| Q2 24 | $1.8B | $723.6M | ||
| Q1 24 | $1.8B | $692.3M |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $2.2B | $4.6B | ||
| Q2 25 | $2.1B | $4.3B | ||
| Q1 25 | $2.1B | $4.0B | ||
| Q4 24 | $2.1B | $3.7B | ||
| Q3 24 | $2.1B | $3.6B | ||
| Q2 24 | $2.0B | $3.4B | ||
| Q1 24 | $2.0B | $3.2B |
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 | $408.1M |
| Free Cash FlowOCF − Capex | $82.0M | $402.6M |
| FCF MarginFCF / Revenue | 37.6% | 104.4% |
| Capex IntensityCapex / Revenue | 0.6% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.95× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $408.1M | ||
| Q3 25 | $83.4M | $171.4M | ||
| Q2 25 | $57.9M | $88.2M | ||
| Q1 25 | $92.0M | $96.8M | ||
| Q4 24 | $56.0M | $305.1M | ||
| Q3 24 | $67.2M | $168.0M | ||
| Q2 24 | $65.3M | $21.0M | ||
| Q1 24 | $57.1M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | $82.0M | $168.9M | ||
| Q2 25 | $44.2M | $87.1M | ||
| Q1 25 | $83.7M | $96.6M | ||
| Q4 24 | $51.4M | $300.9M | ||
| Q3 24 | $59.2M | $167.6M | ||
| Q2 24 | $53.0M | $18.4M | ||
| Q1 24 | $50.2M | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | 37.6% | 44.2% | ||
| Q2 25 | 17.4% | 27.2% | ||
| Q1 25 | 31.4% | 29.4% | ||
| Q4 24 | 19.5% | 98.8% | ||
| Q3 24 | 23.5% | 55.7% | ||
| Q2 24 | 21.9% | 6.6% | ||
| Q1 24 | 21.9% | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 0.6% | 0.6% | ||
| Q2 25 | 5.4% | 0.3% | ||
| Q1 25 | 3.1% | 0.1% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 5.1% | 0.9% | ||
| Q1 24 | 3.0% | 0.1% |
| Q4 25 | — | 9.44× | ||
| Q3 25 | 2.95× | 3.73× | ||
| Q2 25 | 1.71× | 2.27× | ||
| Q1 25 | 1.44× | 2.30× | ||
| Q4 24 | 1.15× | 21.18× | ||
| Q3 24 | 1.27× | 4.58× | ||
| Q2 24 | 1.23× | 0.68× | ||
| Q1 24 | 1.22× | 2.56× |
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% |
SKWD
Segment breakdown not available.
