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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $218.2M, roughly 1.1× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 10.6%, a 2.3% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
ONTO vs TGLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $245.3M |
| Net Profit | $28.2M | $26.1M |
| Gross Margin | 50.7% | 40.0% |
| Operating Margin | 10.9% | 18.3% |
| Net Margin | 12.9% | 10.6% |
| Revenue YoY | -13.5% | 2.4% |
| Net Profit YoY | -46.8% | -44.5% |
| EPS (diluted) | $0.57 | $0.57 |
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 | — | $245.3M | ||
| Q3 25 | $218.2M | $260.5M | ||
| Q2 25 | $253.6M | $255.5M | ||
| Q1 25 | $266.6M | $222.3M | ||
| Q4 24 | $263.9M | $239.6M | ||
| Q3 24 | $252.2M | $238.3M | ||
| Q2 24 | $242.3M | $219.7M | ||
| Q1 24 | $228.8M | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $28.2M | $47.2M | ||
| Q2 25 | $33.9M | $44.1M | ||
| Q1 25 | $64.1M | $42.2M | ||
| Q4 24 | $48.8M | $47.0M | ||
| Q3 24 | $53.1M | $49.5M | ||
| Q2 24 | $52.9M | $35.0M | ||
| Q1 24 | $46.9M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | 50.7% | 42.7% | ||
| Q2 25 | 48.2% | 44.7% | ||
| Q1 25 | 53.7% | 43.9% | ||
| Q4 24 | 50.2% | 44.5% | ||
| Q3 24 | 54.1% | 45.8% | ||
| Q2 24 | 52.9% | 40.8% | ||
| Q1 24 | 51.7% | 38.8% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 10.9% | 25.1% | ||
| Q2 25 | 12.7% | 24.0% | ||
| Q1 25 | 23.7% | 26.7% | ||
| Q4 24 | 16.1% | 28.0% | ||
| Q3 24 | 21.0% | 28.4% | ||
| Q2 24 | 20.2% | 23.3% | ||
| Q1 24 | 18.7% | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | 12.9% | 18.1% | ||
| Q2 25 | 13.4% | 17.3% | ||
| Q1 25 | 24.0% | 19.0% | ||
| Q4 24 | 18.5% | 19.6% | ||
| Q3 24 | 21.0% | 20.8% | ||
| Q2 24 | 21.9% | 15.9% | ||
| Q1 24 | 20.5% | 15.4% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | $0.57 | $1.01 | ||
| Q2 25 | $0.69 | $0.94 | ||
| Q1 25 | $1.30 | $0.90 | ||
| Q4 24 | $0.98 | $1.00 | ||
| Q3 24 | $1.07 | $1.05 | ||
| Q2 24 | $1.07 | $0.75 | ||
| Q1 24 | $0.94 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $2.0B | $713.1M |
| Total Assets | $2.2B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $603.1M | $127.1M | ||
| Q2 25 | $217.5M | $140.9M | ||
| Q1 25 | $203.7M | $160.2M | ||
| Q4 24 | $212.9M | $137.5M | ||
| Q3 24 | $188.7M | $124.8M | ||
| Q2 24 | $172.6M | $129.5M | ||
| Q1 24 | $190.9M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | — | $713.1M | ||
| Q3 25 | $2.0B | $764.0M | ||
| Q2 25 | $2.0B | $736.0M | ||
| Q1 25 | $1.9B | $685.1M | ||
| Q4 24 | $1.9B | $631.2M | ||
| Q3 24 | $1.9B | $613.3M | ||
| Q2 24 | $1.8B | $574.8M | ||
| Q1 24 | $1.8B | $573.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.1B | $996.3M | ||
| Q2 24 | $2.0B | $942.5M | ||
| Q1 24 | $2.0B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $82.0M | $11.4M |
| FCF MarginFCF / Revenue | 37.6% | 4.7% |
| Capex IntensityCapex / Revenue | 0.6% | 8.0% |
| Cash ConversionOCF / Net Profit | 2.95× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.0M | ||
| Q3 25 | $83.4M | $40.0M | ||
| Q2 25 | $57.9M | $17.9M | ||
| Q1 25 | $92.0M | $46.9M | ||
| Q4 24 | $56.0M | $61.1M | ||
| Q3 24 | $67.2M | $41.5M | ||
| Q2 24 | $65.3M | $34.5M | ||
| Q1 24 | $57.1M | $33.4M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | $82.0M | $21.2M | ||
| Q2 25 | $44.2M | $-14.7M | ||
| Q1 25 | $83.7M | $16.5M | ||
| Q4 24 | $51.4M | $35.4M | ||
| Q3 24 | $59.2M | $17.8M | ||
| Q2 24 | $53.0M | $14.2M | ||
| Q1 24 | $50.2M | $23.6M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 37.6% | 8.2% | ||
| Q2 25 | 17.4% | -5.7% | ||
| Q1 25 | 31.4% | 7.4% | ||
| Q4 24 | 19.5% | 14.8% | ||
| Q3 24 | 23.5% | 7.5% | ||
| Q2 24 | 21.9% | 6.5% | ||
| Q1 24 | 21.9% | 12.2% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | 0.6% | 7.2% | ||
| Q2 25 | 5.4% | 12.7% | ||
| Q1 25 | 3.1% | 13.7% | ||
| Q4 24 | 1.8% | 10.7% | ||
| Q3 24 | 3.2% | 9.9% | ||
| Q2 24 | 5.1% | 9.2% | ||
| Q1 24 | 3.0% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 2.95× | 0.85× | ||
| Q2 25 | 1.71× | 0.41× | ||
| Q1 25 | 1.44× | 1.11× | ||
| Q4 24 | 1.15× | 1.30× | ||
| Q3 24 | 1.27× | 0.84× | ||
| Q2 24 | 1.23× | 0.98× | ||
| Q1 24 | 1.22× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
