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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $218.2M, roughly 1.7× ONTO INNOVATION INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
ONTO vs TRUP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $376.9M |
| Net Profit | $28.2M | — |
| Gross Margin | 50.7% | 17.3% |
| Operating Margin | 10.9% | 1.9% |
| Net Margin | 12.9% | — |
| Revenue YoY | -13.5% | 11.7% |
| Net Profit YoY | -46.8% | — |
| EPS (diluted) | $0.57 | $0.13 |
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 | — | $376.9M | ||
| Q3 25 | $218.2M | $366.9M | ||
| Q2 25 | $253.6M | $353.6M | ||
| Q1 25 | $266.6M | $342.0M | ||
| Q4 24 | $263.9M | $337.3M | ||
| Q3 24 | $252.2M | $327.5M | ||
| Q2 24 | $242.3M | $314.8M | ||
| Q1 24 | $228.8M | $306.1M |
| Q4 25 | — | — | ||
| Q3 25 | $28.2M | — | ||
| Q2 25 | $33.9M | — | ||
| Q1 25 | $64.1M | — | ||
| Q4 24 | $48.8M | — | ||
| Q3 24 | $53.1M | — | ||
| Q2 24 | $52.9M | — | ||
| Q1 24 | $46.9M | — |
| Q4 25 | — | 17.3% | ||
| Q3 25 | 50.7% | 16.4% | ||
| Q2 25 | 48.2% | 15.5% | ||
| Q1 25 | 53.7% | 14.9% | ||
| Q4 24 | 50.2% | 15.7% | ||
| Q3 24 | 54.1% | 15.1% | ||
| Q2 24 | 52.9% | 12.8% | ||
| Q1 24 | 51.7% | 11.8% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | 10.9% | 1.6% | ||
| Q2 25 | 12.7% | 0.7% | ||
| Q1 25 | 23.7% | -0.4% | ||
| Q4 24 | 16.1% | 0.1% | ||
| Q3 24 | 21.0% | 0.5% | ||
| Q2 24 | 20.2% | -1.7% | ||
| Q1 24 | 18.7% | -2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 12.9% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 24.0% | — | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | 21.0% | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 20.5% | — |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.57 | $0.13 | ||
| Q2 25 | $0.69 | $0.22 | ||
| Q1 25 | $1.30 | $-0.03 | ||
| Q4 24 | $0.98 | $0.04 | ||
| Q3 24 | $1.07 | $0.03 | ||
| Q2 24 | $1.07 | $-0.14 | ||
| Q1 24 | $0.94 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $2.0B | $383.9M |
| Total Assets | $2.2B | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $370.7M | ||
| Q3 25 | $603.1M | $348.5M | ||
| Q2 25 | $217.5M | $319.6M | ||
| Q1 25 | $203.7M | $321.8M | ||
| Q4 24 | $212.9M | $307.4M | ||
| Q3 24 | $188.7M | $293.1M | ||
| Q2 24 | $172.6M | $277.2M | ||
| Q1 24 | $190.9M | $275.2M |
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $383.9M | ||
| Q3 25 | $2.0B | $368.6M | ||
| Q2 25 | $2.0B | $355.5M | ||
| Q1 25 | $1.9B | $333.7M | ||
| Q4 24 | $1.9B | $323.3M | ||
| Q3 24 | $1.9B | $320.2M | ||
| Q2 24 | $1.8B | $305.8M | ||
| Q1 24 | $1.8B | $303.4M |
| Q4 25 | — | $915.0M | ||
| Q3 25 | $2.2B | $880.2M | ||
| Q2 25 | $2.1B | $847.8M | ||
| Q1 25 | $2.1B | $837.2M | ||
| Q4 24 | $2.1B | $806.9M | ||
| Q3 24 | $2.1B | $816.1M | ||
| Q2 24 | $2.0B | $795.9M | ||
| Q1 24 | $2.0B | $789.5M |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $29.3M |
| Free Cash FlowOCF − Capex | $82.0M | $25.3M |
| FCF MarginFCF / Revenue | 37.6% | 6.7% |
| Capex IntensityCapex / Revenue | 0.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.3M | ||
| Q3 25 | $83.4M | $29.2M | ||
| Q2 25 | $57.9M | $15.0M | ||
| Q1 25 | $92.0M | $16.0M | ||
| Q4 24 | $56.0M | $23.7M | ||
| Q3 24 | $67.2M | $15.3M | ||
| Q2 24 | $65.3M | $6.9M | ||
| Q1 24 | $57.1M | $2.4M |
| Q4 25 | — | $25.3M | ||
| Q3 25 | $82.0M | $23.9M | ||
| Q2 25 | $44.2M | $12.0M | ||
| Q1 25 | $83.7M | $14.0M | ||
| Q4 24 | $51.4M | $21.8M | ||
| Q3 24 | $59.2M | $13.4M | ||
| Q2 24 | $53.0M | $4.0M | ||
| Q1 24 | $50.2M | $-631.0K |
| Q4 25 | — | 6.7% | ||
| Q3 25 | 37.6% | 6.5% | ||
| Q2 25 | 17.4% | 3.4% | ||
| Q1 25 | 31.4% | 4.1% | ||
| Q4 24 | 19.5% | 6.5% | ||
| Q3 24 | 23.5% | 4.1% | ||
| Q2 24 | 21.9% | 1.3% | ||
| Q1 24 | 21.9% | -0.2% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 5.4% | 0.8% | ||
| Q1 25 | 3.1% | 0.6% | ||
| Q4 24 | 1.8% | 0.6% | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 5.1% | 0.9% | ||
| Q1 24 | 3.0% | 1.0% |
| 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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
