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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $218.2M, roughly 2.0× ONTO INNOVATION INC.). UDR, Inc. runs the higher net margin — 44.6% vs 12.9%, a 31.6% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs -13.5%). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% CAGR vs 1.3%).
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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
ONTO vs UDR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $425.8M |
| Net Profit | $28.2M | $189.8M |
| Gross Margin | 50.7% | — |
| Operating Margin | 10.9% | 54.0% |
| Net Margin | 12.9% | 44.6% |
| Revenue YoY | -13.5% | 0.9% |
| Net Profit YoY | -46.8% | 147.2% |
| EPS (diluted) | $0.57 | $0.63 |
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.
| Q1 26 | — | $425.8M | ||
| Q4 25 | — | $433.1M | ||
| Q3 25 | $218.2M | $431.9M | ||
| Q2 25 | $253.6M | $425.4M | ||
| Q1 25 | $266.6M | $421.9M | ||
| Q4 24 | $263.9M | $422.7M | ||
| Q3 24 | $252.2M | $420.2M | ||
| Q2 24 | $242.3M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | — | $222.9M | ||
| Q3 25 | $28.2M | $40.4M | ||
| Q2 25 | $33.9M | $37.7M | ||
| Q1 25 | $64.1M | $76.7M | ||
| Q4 24 | $48.8M | $-5.0M | ||
| Q3 24 | $53.1M | $22.6M | ||
| Q2 24 | $52.9M | $28.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 54.0% | ||
| Q4 25 | — | 64.1% | ||
| Q3 25 | 10.9% | 17.7% | ||
| Q2 25 | 12.7% | 18.2% | ||
| Q1 25 | 23.7% | 29.0% | ||
| Q4 24 | 16.1% | 15.7% | ||
| Q3 24 | 21.0% | 16.6% | ||
| Q2 24 | 20.2% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | — | 51.5% | ||
| Q3 25 | 12.9% | 9.4% | ||
| Q2 25 | 13.4% | 8.9% | ||
| Q1 25 | 24.0% | 18.2% | ||
| Q4 24 | 18.5% | -220.5% | ||
| Q3 24 | 21.0% | 5.4% | ||
| Q2 24 | 21.9% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | — | $0.67 | ||
| Q3 25 | $0.57 | $0.12 | ||
| Q2 25 | $0.69 | $0.11 | ||
| Q1 25 | $1.30 | $0.23 | ||
| Q4 24 | $0.98 | $-0.01 | ||
| Q3 24 | $1.07 | $0.06 | ||
| Q2 24 | $1.07 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $3.3B |
| Total Assets | $2.2B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | — | $1.2M | ||
| Q3 25 | $603.1M | $1.2M | ||
| Q2 25 | $217.5M | $1.5M | ||
| Q1 25 | $203.7M | $1.3M | ||
| Q4 24 | $212.9M | $1.3M | ||
| Q3 24 | $188.7M | $2.3M | ||
| Q2 24 | $172.6M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | $2.0B | $3.3B | ||
| Q2 25 | $2.0B | $3.3B | ||
| Q1 25 | $1.9B | $3.3B | ||
| Q4 24 | $1.9B | $3.4B | ||
| Q3 24 | $1.9B | $3.5B | ||
| Q2 24 | $1.8B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | — | $10.6B | ||
| Q3 25 | $2.2B | $10.6B | ||
| Q2 25 | $2.1B | $10.6B | ||
| Q1 25 | $2.1B | $10.7B | ||
| Q4 24 | $2.1B | $10.9B | ||
| Q3 24 | $2.1B | $11.1B | ||
| Q2 24 | $2.0B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.55× |
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 | — |
| Free Cash FlowOCF − Capex | $82.0M | — |
| FCF MarginFCF / Revenue | 37.6% | — |
| Capex IntensityCapex / Revenue | 0.6% | 4.9% |
| Cash ConversionOCF / Net Profit | 2.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $902.9M | ||
| Q3 25 | $83.4M | $234.9M | ||
| Q2 25 | $57.9M | $250.3M | ||
| Q1 25 | $92.0M | $156.2M | ||
| Q4 24 | $56.0M | $876.8M | ||
| Q3 24 | $67.2M | $230.3M | ||
| Q2 24 | $65.3M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $650.0M | ||
| Q3 25 | $82.0M | $164.6M | ||
| Q2 25 | $44.2M | $190.1M | ||
| Q1 25 | $83.7M | $103.2M | ||
| Q4 24 | $51.4M | $627.0M | ||
| Q3 24 | $59.2M | $161.3M | ||
| Q2 24 | $53.0M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 150.1% | ||
| Q3 25 | 37.6% | 38.1% | ||
| Q2 25 | 17.4% | 44.7% | ||
| Q1 25 | 31.4% | 24.5% | ||
| Q4 24 | 19.5% | 148.3% | ||
| Q3 24 | 23.5% | 38.4% | ||
| Q2 24 | 21.9% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | — | 58.4% | ||
| Q3 25 | 0.6% | 16.3% | ||
| Q2 25 | 5.4% | 14.2% | ||
| Q1 25 | 3.1% | 12.6% | ||
| Q4 24 | 1.8% | 59.1% | ||
| Q3 24 | 3.2% | 16.4% | ||
| Q2 24 | 5.1% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | 2.95× | 5.81× | ||
| Q2 25 | 1.71× | 6.64× | ||
| Q1 25 | 1.44× | 2.04× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.27× | 10.19× | ||
| Q2 24 | 1.23× | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
