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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $218.2M, roughly 1.5× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -18.0%, a 30.9% gap on every dollar of revenue. On growth, ONTO INNOVATION INC. posted the faster year-over-year revenue change (-13.5% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $82.0M). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
ONTO vs WH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $334.0M |
| Net Profit | $28.2M | $-60.0M |
| Gross Margin | 50.7% | — |
| Operating Margin | 10.9% | — |
| Net Margin | 12.9% | -18.0% |
| Revenue YoY | -13.5% | -76.3% |
| Net Profit YoY | -46.8% | -170.6% |
| EPS (diluted) | $0.57 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | — | $334.0M | ||
| Q3 25 | $218.2M | $382.0M | ||
| Q2 25 | $253.6M | $397.0M | ||
| Q1 25 | $266.6M | $316.0M | ||
| Q4 24 | $263.9M | $336.0M | ||
| Q3 24 | $252.2M | $396.0M | ||
| Q2 24 | $242.3M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | — | $-60.0M | ||
| Q3 25 | $28.2M | $105.0M | ||
| Q2 25 | $33.9M | $87.0M | ||
| Q1 25 | $64.1M | $61.0M | ||
| Q4 24 | $48.8M | $85.0M | ||
| Q3 24 | $53.1M | $102.0M | ||
| Q2 24 | $52.9M | $86.0M |
| 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 | — | — | ||
| Q4 25 | — | -11.4% | ||
| Q3 25 | 10.9% | 46.6% | ||
| Q2 25 | 12.7% | 37.8% | ||
| Q1 25 | 23.7% | 35.4% | ||
| Q4 24 | 16.1% | 38.4% | ||
| Q3 24 | 21.0% | 43.2% | ||
| Q2 24 | 20.2% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | — | -18.0% | ||
| Q3 25 | 12.9% | 27.5% | ||
| Q2 25 | 13.4% | 21.9% | ||
| Q1 25 | 24.0% | 19.3% | ||
| Q4 24 | 18.5% | 25.3% | ||
| Q3 24 | 21.0% | 25.8% | ||
| Q2 24 | 21.9% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | — | $-0.77 | ||
| Q3 25 | $0.57 | $1.36 | ||
| Q2 25 | $0.69 | $1.13 | ||
| Q1 25 | $1.30 | $0.78 | ||
| Q4 24 | $0.98 | $1.06 | ||
| Q3 24 | $1.07 | $1.29 | ||
| Q2 24 | $1.07 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $468.0M |
| Total Assets | $2.2B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | — | $64.0M | ||
| Q3 25 | $603.1M | $70.0M | ||
| Q2 25 | $217.5M | $50.0M | ||
| Q1 25 | $203.7M | $48.0M | ||
| Q4 24 | $212.9M | $103.0M | ||
| Q3 24 | $188.7M | $72.0M | ||
| Q2 24 | $172.6M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | — | $468.0M | ||
| Q3 25 | $2.0B | $583.0M | ||
| Q2 25 | $2.0B | $570.0M | ||
| Q1 25 | $1.9B | $579.0M | ||
| Q4 24 | $1.9B | $650.0M | ||
| Q3 24 | $1.9B | $583.0M | ||
| Q2 24 | $1.8B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $2.2B | $4.3B | ||
| Q2 25 | $2.1B | $4.3B | ||
| Q1 25 | $2.1B | $4.2B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.1B | $4.2B | ||
| Q2 24 | $2.0B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $82.0M | $168.0M |
| FCF MarginFCF / Revenue | 37.6% | 50.3% |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 2.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | — | $152.0M | ||
| Q3 25 | $83.4M | $86.0M | ||
| Q2 25 | $57.9M | $70.0M | ||
| Q1 25 | $92.0M | $59.0M | ||
| Q4 24 | $56.0M | $134.0M | ||
| Q3 24 | $67.2M | $79.0M | ||
| Q2 24 | $65.3M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | $82.0M | $75.0M | ||
| Q2 25 | $44.2M | $58.0M | ||
| Q1 25 | $83.7M | $52.0M | ||
| Q4 24 | $51.4M | $109.0M | ||
| Q3 24 | $59.2M | $71.0M | ||
| Q2 24 | $53.0M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | 37.6% | 19.6% | ||
| Q2 25 | 17.4% | 14.6% | ||
| Q1 25 | 31.4% | 16.5% | ||
| Q4 24 | 19.5% | 32.4% | ||
| Q3 24 | 23.5% | 17.9% | ||
| Q2 24 | 21.9% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | 5.4% | 3.0% | ||
| Q1 25 | 3.1% | 2.2% | ||
| Q4 24 | 1.8% | 7.4% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 5.1% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.95× | 0.82× | ||
| Q2 25 | 1.71× | 0.80× | ||
| Q1 25 | 1.44× | 0.97× | ||
| Q4 24 | 1.15× | 1.58× | ||
| Q3 24 | 1.27× | 0.77× | ||
| Q2 24 | 1.23× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
