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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $208.0M, roughly 1.0× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 12.9%, a 3.3% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-10.9% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-74.1M). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
ONTO vs VRTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $208.0M |
| Net Profit | $28.2M | $33.9M |
| Gross Margin | 50.7% | — |
| Operating Margin | 10.9% | 19.1% |
| Net Margin | 12.9% | 16.3% |
| Revenue YoY | -13.5% | -10.9% |
| Net Profit YoY | -46.8% | -14.2% |
| EPS (diluted) | $0.57 | $5.15 |
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 | — | $208.0M | ||
| Q3 25 | $218.2M | $216.4M | ||
| Q2 25 | $253.6M | $210.5M | ||
| Q1 25 | $266.6M | $217.9M | ||
| Q4 24 | $263.9M | $233.5M | ||
| Q3 24 | $252.2M | $227.0M | ||
| Q2 24 | $242.3M | $224.4M | ||
| Q1 24 | $228.8M | $222.0M |
| Q4 25 | — | $33.9M | ||
| Q3 25 | $28.2M | $31.3M | ||
| Q2 25 | $33.9M | $42.7M | ||
| Q1 25 | $64.1M | $28.1M | ||
| Q4 24 | $48.8M | $39.5M | ||
| Q3 24 | $53.1M | $49.1M | ||
| Q2 24 | $52.9M | $26.0M | ||
| Q1 24 | $46.9M | $37.9M |
| 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 | — | 19.1% | ||
| Q3 25 | 10.9% | 21.7% | ||
| Q2 25 | 12.7% | 21.5% | ||
| Q1 25 | 23.7% | 16.8% | ||
| Q4 24 | 16.1% | 21.7% | ||
| Q3 24 | 21.0% | 24.3% | ||
| Q2 24 | 20.2% | 19.7% | ||
| Q1 24 | 18.7% | 14.5% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | 12.9% | 14.5% | ||
| Q2 25 | 13.4% | 20.3% | ||
| Q1 25 | 24.0% | 12.9% | ||
| Q4 24 | 18.5% | 16.9% | ||
| Q3 24 | 21.0% | 21.6% | ||
| Q2 24 | 21.9% | 11.6% | ||
| Q1 24 | 20.5% | 17.1% |
| Q4 25 | — | $5.15 | ||
| Q3 25 | $0.57 | $4.65 | ||
| Q2 25 | $0.69 | $6.12 | ||
| Q1 25 | $1.30 | $4.05 | ||
| Q4 24 | $0.98 | $4.65 | ||
| Q3 24 | $1.07 | $5.71 | ||
| Q2 24 | $1.07 | $2.43 | ||
| Q1 24 | $0.94 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $2.0B | $934.0M |
| Total Assets | $2.2B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $603.1M | — | ||
| Q2 25 | $217.5M | — | ||
| Q1 25 | $203.7M | — | ||
| Q4 24 | $212.9M | — | ||
| Q3 24 | $188.7M | — | ||
| Q2 24 | $172.6M | — | ||
| Q1 24 | $190.9M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | — | $934.0M | ||
| Q3 25 | $2.0B | $918.7M | ||
| Q2 25 | $2.0B | $896.4M | ||
| Q1 25 | $1.9B | $893.7M | ||
| Q4 24 | $1.9B | $897.5M | ||
| Q3 24 | $1.9B | $889.0M | ||
| Q2 24 | $1.8B | $868.7M | ||
| Q1 24 | $1.8B | $871.7M |
| Q4 25 | — | $4.3B | ||
| Q3 25 | $2.2B | $3.9B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $2.1B | $3.6B | ||
| Q2 24 | $2.0B | $3.6B | ||
| Q1 24 | $2.0B | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $82.0M | $-74.1M |
| FCF MarginFCF / Revenue | 37.6% | -35.6% |
| Capex IntensityCapex / Revenue | 0.6% | 3.3% |
| Cash ConversionOCF / Net Profit | 2.95× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-67.2M | ||
| Q3 25 | $83.4M | $108.3M | ||
| Q2 25 | $57.9M | $75.8M | ||
| Q1 25 | $92.0M | $-3.8M | ||
| Q4 24 | $56.0M | $1.8M | ||
| Q3 24 | $67.2M | $69.1M | ||
| Q2 24 | $65.3M | $70.0M | ||
| Q1 24 | $57.1M | $-34.5M |
| Q4 25 | — | $-74.1M | ||
| Q3 25 | $82.0M | $106.9M | ||
| Q2 25 | $44.2M | $74.2M | ||
| Q1 25 | $83.7M | $-6.8M | ||
| Q4 24 | $51.4M | $-3.8M | ||
| Q3 24 | $59.2M | $68.7M | ||
| Q2 24 | $53.0M | $68.6M | ||
| Q1 24 | $50.2M | $-36.5M |
| Q4 25 | — | -35.6% | ||
| Q3 25 | 37.6% | 49.4% | ||
| Q2 25 | 17.4% | 35.2% | ||
| Q1 25 | 31.4% | -3.1% | ||
| Q4 24 | 19.5% | -1.6% | ||
| Q3 24 | 23.5% | 30.3% | ||
| Q2 24 | 21.9% | 30.6% | ||
| Q1 24 | 21.9% | -16.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 5.4% | 0.7% | ||
| Q1 25 | 3.1% | 1.4% | ||
| Q4 24 | 1.8% | 2.4% | ||
| Q3 24 | 3.2% | 0.2% | ||
| Q2 24 | 5.1% | 0.6% | ||
| Q1 24 | 3.0% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | 2.95× | 3.45× | ||
| Q2 25 | 1.71× | 1.77× | ||
| Q1 25 | 1.44× | -0.13× | ||
| Q4 24 | 1.15× | 0.04× | ||
| Q3 24 | 1.27× | 1.41× | ||
| Q2 24 | 1.23× | 2.69× | ||
| Q1 24 | 1.22× | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
