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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $218.2M, roughly 1.6× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -12.9%, a 25.8% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
ONTO vs WD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $340.0M |
| Net Profit | $28.2M | $-13.9M |
| Gross Margin | 50.7% | — |
| Operating Margin | 10.9% | -17.2% |
| Net Margin | 12.9% | -12.9% |
| Revenue YoY | -13.5% | -0.4% |
| Net Profit YoY | -46.8% | -131.0% |
| EPS (diluted) | $0.57 | $-0.41 |
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 | — | $340.0M | ||
| Q3 25 | $218.2M | $337.7M | ||
| Q2 25 | $253.6M | $319.2M | ||
| Q1 25 | $266.6M | $237.4M | ||
| Q4 24 | $263.9M | $341.5M | ||
| Q3 24 | $252.2M | $292.3M | ||
| Q2 24 | $242.3M | $270.7M | ||
| Q1 24 | $228.8M | $228.1M |
| Q4 25 | — | $-13.9M | ||
| Q3 25 | $28.2M | $33.5M | ||
| Q2 25 | $33.9M | $34.0M | ||
| Q1 25 | $64.1M | $2.8M | ||
| Q4 24 | $48.8M | $44.8M | ||
| Q3 24 | $53.1M | $28.8M | ||
| Q2 24 | $52.9M | $22.7M | ||
| Q1 24 | $46.9M | $11.9M |
| 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 | — | -17.2% | ||
| Q3 25 | 10.9% | 13.6% | ||
| Q2 25 | 12.7% | 14.5% | ||
| Q1 25 | 23.7% | 2.2% | ||
| Q4 24 | 16.1% | 15.3% | ||
| Q3 24 | 21.0% | 12.8% | ||
| Q2 24 | 20.2% | 10.4% | ||
| Q1 24 | 18.7% | 6.0% |
| Q4 25 | — | -12.9% | ||
| Q3 25 | 12.9% | 9.9% | ||
| Q2 25 | 13.4% | 10.6% | ||
| Q1 25 | 24.0% | 1.2% | ||
| Q4 24 | 18.5% | 13.1% | ||
| Q3 24 | 21.0% | 9.9% | ||
| Q2 24 | 21.9% | 8.4% | ||
| Q1 24 | 20.5% | 5.2% |
| Q4 25 | — | $-0.41 | ||
| Q3 25 | $0.57 | $0.98 | ||
| Q2 25 | $0.69 | $0.99 | ||
| Q1 25 | $1.30 | $0.08 | ||
| Q4 24 | $0.98 | $1.32 | ||
| Q3 24 | $1.07 | $0.85 | ||
| Q2 24 | $1.07 | $0.67 | ||
| Q1 24 | $0.94 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $1.7B |
| Total Assets | $2.2B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $299.3M | ||
| Q3 25 | $603.1M | $274.8M | ||
| Q2 25 | $217.5M | $233.7M | ||
| Q1 25 | $203.7M | $181.0M | ||
| Q4 24 | $212.9M | $279.3M | ||
| Q3 24 | $188.7M | $179.8M | ||
| Q2 24 | $172.6M | $208.1M | ||
| Q1 24 | $190.9M | $216.5M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.8B | $1.7B | ||
| Q1 24 | $1.8B | $1.7B |
| Q4 25 | — | $5.1B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.1B | $4.4B | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.0B | $4.2B | ||
| Q1 24 | $2.0B | $3.8B |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | $82.0M | $-680.1M |
| FCF MarginFCF / Revenue | 37.6% | -200.0% |
| Capex IntensityCapex / Revenue | 0.6% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-664.3M | ||
| Q3 25 | $83.4M | $-948.1M | ||
| Q2 25 | $57.9M | $-238.5M | ||
| Q1 25 | $92.0M | $-281.1M | ||
| Q4 24 | $56.0M | $129.4M | ||
| Q3 24 | $67.2M | $-202.0M | ||
| Q2 24 | $65.3M | $-237.8M | ||
| Q1 24 | $57.1M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | $82.0M | $-950.4M | ||
| Q2 25 | $44.2M | $-241.0M | ||
| Q1 25 | $83.7M | $-284.7M | ||
| Q4 24 | $51.4M | $116.4M | ||
| Q3 24 | $59.2M | $-204.0M | ||
| Q2 24 | $53.0M | $-241.7M | ||
| Q1 24 | $50.2M | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | 37.6% | -281.5% | ||
| Q2 25 | 17.4% | -75.5% | ||
| Q1 25 | 31.4% | -120.0% | ||
| Q4 24 | 19.5% | 34.1% | ||
| Q3 24 | 23.5% | -69.8% | ||
| Q2 24 | 21.9% | -89.3% | ||
| Q1 24 | 21.9% | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 5.4% | 0.8% | ||
| Q1 25 | 3.1% | 1.5% | ||
| Q4 24 | 1.8% | 3.8% | ||
| Q3 24 | 3.2% | 0.7% | ||
| Q2 24 | 5.1% | 1.4% | ||
| Q1 24 | 3.0% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 2.95× | -28.34× | ||
| Q2 25 | 1.71× | -7.02× | ||
| Q1 25 | 1.44× | -102.07× | ||
| Q4 24 | 1.15× | 2.89× | ||
| Q3 24 | 1.27× | -7.01× | ||
| Q2 24 | 1.23× | -10.49× | ||
| Q1 24 | 1.22× | 3.24× |
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% |
WD
Segment breakdown not available.
