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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $213.6M, roughly 1.0× Vital Farms, Inc.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 7.6%, a 5.3% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
ONTO vs VITL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $213.6M |
| Net Profit | $28.2M | $16.3M |
| Gross Margin | 50.7% | 35.8% |
| Operating Margin | 10.9% | 10.0% |
| Net Margin | 12.9% | 7.6% |
| Revenue YoY | -13.5% | 28.7% |
| Net Profit YoY | -46.8% | 54.3% |
| EPS (diluted) | $0.57 | $0.35 |
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 | — | $213.6M | ||
| Q3 25 | $218.2M | $198.9M | ||
| Q2 25 | $253.6M | $184.8M | ||
| Q1 25 | $266.6M | $162.2M | ||
| Q4 24 | $263.9M | $166.0M | ||
| Q3 24 | $252.2M | $145.0M | ||
| Q2 24 | $242.3M | $147.4M | ||
| Q1 24 | $228.8M | $147.9M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | $28.2M | $16.4M | ||
| Q2 25 | $33.9M | $16.6M | ||
| Q1 25 | $64.1M | $16.9M | ||
| Q4 24 | $48.8M | $10.6M | ||
| Q3 24 | $53.1M | $7.4M | ||
| Q2 24 | $52.9M | $16.3M | ||
| Q1 24 | $46.9M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | 50.7% | 37.7% | ||
| Q2 25 | 48.2% | 38.9% | ||
| Q1 25 | 53.7% | 38.5% | ||
| Q4 24 | 50.2% | 36.1% | ||
| Q3 24 | 54.1% | 36.9% | ||
| Q2 24 | 52.9% | 39.1% | ||
| Q1 24 | 51.7% | 39.8% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | 10.9% | 10.8% | ||
| Q2 25 | 12.7% | 12.9% | ||
| Q1 25 | 23.7% | 13.4% | ||
| Q4 24 | 16.1% | 7.8% | ||
| Q3 24 | 21.0% | 6.4% | ||
| Q2 24 | 20.2% | 11.6% | ||
| Q1 24 | 18.7% | 16.3% |
| Q4 25 | — | 7.6% | ||
| Q3 25 | 12.9% | 8.3% | ||
| Q2 25 | 13.4% | 9.0% | ||
| Q1 25 | 24.0% | 10.4% | ||
| Q4 24 | 18.5% | 6.4% | ||
| Q3 24 | 21.0% | 5.1% | ||
| Q2 24 | 21.9% | 11.1% | ||
| Q1 24 | 20.5% | 12.9% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | $0.57 | $0.36 | ||
| Q2 25 | $0.69 | $0.36 | ||
| Q1 25 | $1.30 | $0.37 | ||
| Q4 24 | $0.98 | $0.23 | ||
| Q3 24 | $1.07 | $0.16 | ||
| Q2 24 | $1.07 | $0.36 | ||
| Q1 24 | $0.94 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $351.3M |
| Total Assets | $2.2B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.8M | ||
| Q3 25 | $603.1M | $93.8M | ||
| Q2 25 | $217.5M | $108.2M | ||
| Q1 25 | $203.7M | $156.3M | ||
| Q4 24 | $212.9M | $150.6M | ||
| Q3 24 | $188.7M | $149.5M | ||
| Q2 24 | $172.6M | $133.2M | ||
| Q1 24 | $190.9M | $113.8M |
| Q4 25 | — | $351.3M | ||
| Q3 25 | $2.0B | $331.2M | ||
| Q2 25 | $2.0B | $309.8M | ||
| Q1 25 | $1.9B | $288.9M | ||
| Q4 24 | $1.9B | $269.3M | ||
| Q3 24 | $1.9B | $253.4M | ||
| Q2 24 | $1.8B | $238.4M | ||
| Q1 24 | $1.8B | $213.3M |
| Q4 25 | — | $518.7M | ||
| Q3 25 | $2.2B | $481.5M | ||
| Q2 25 | $2.1B | $430.8M | ||
| Q1 25 | $2.1B | $376.9M | ||
| Q4 24 | $2.1B | $359.3M | ||
| Q3 24 | $2.1B | $344.7M | ||
| Q2 24 | $2.0B | $320.5M | ||
| Q1 24 | $2.0B | $300.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $82.0M | $-32.1M |
| FCF MarginFCF / Revenue | 37.6% | -15.1% |
| Capex IntensityCapex / Revenue | 0.6% | 17.8% |
| Cash ConversionOCF / Net Profit | 2.95× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.8M | ||
| Q3 25 | $83.4M | $23.4M | ||
| Q2 25 | $57.9M | $-761.0K | ||
| Q1 25 | $92.0M | $5.3M | ||
| Q4 24 | $56.0M | $14.8M | ||
| Q3 24 | $67.2M | $10.0M | ||
| Q2 24 | $65.3M | $16.1M | ||
| Q1 24 | $57.1M | $23.9M |
| Q4 25 | — | $-32.1M | ||
| Q3 25 | $82.0M | $-10.6M | ||
| Q2 25 | $44.2M | $-7.6M | ||
| Q1 25 | $83.7M | $2.1M | ||
| Q4 24 | $51.4M | $-3.4M | ||
| Q3 24 | $59.2M | $6.4M | ||
| Q2 24 | $53.0M | $10.5M | ||
| Q1 24 | $50.2M | $22.6M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | 37.6% | -5.3% | ||
| Q2 25 | 17.4% | -4.1% | ||
| Q1 25 | 31.4% | 1.3% | ||
| Q4 24 | 19.5% | -2.0% | ||
| Q3 24 | 23.5% | 4.4% | ||
| Q2 24 | 21.9% | 7.2% | ||
| Q1 24 | 21.9% | 15.3% |
| Q4 25 | — | 17.8% | ||
| Q3 25 | 0.6% | 17.1% | ||
| Q2 25 | 5.4% | 3.7% | ||
| Q1 25 | 3.1% | 1.9% | ||
| Q4 24 | 1.8% | 10.9% | ||
| Q3 24 | 3.2% | 2.5% | ||
| Q2 24 | 5.1% | 3.8% | ||
| Q1 24 | 3.0% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | 2.95× | 1.43× | ||
| Q2 25 | 1.71× | -0.05× | ||
| Q1 25 | 1.44× | 0.31× | ||
| Q4 24 | 1.15× | 1.40× | ||
| Q3 24 | 1.27× | 1.34× | ||
| Q2 24 | 1.23× | 0.99× | ||
| Q1 24 | 1.22× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
