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Side-by-side financial comparison of ONTO INNOVATION INC. (ONTO) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $218.2M, roughly 1.1× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 4.9%, a 8.0% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $50.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
ONTO vs WK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $218.2M | $238.9M |
| Net Profit | $28.2M | $11.8M |
| Gross Margin | 50.7% | 80.7% |
| Operating Margin | 10.9% | 3.3% |
| Net Margin | 12.9% | 4.9% |
| Revenue YoY | -13.5% | 19.5% |
| Net Profit YoY | -46.8% | 234.0% |
| EPS (diluted) | $0.57 | $0.21 |
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 | — | $238.9M | ||
| Q3 25 | $218.2M | $224.2M | ||
| Q2 25 | $253.6M | $215.2M | ||
| Q1 25 | $266.6M | $206.3M | ||
| Q4 24 | $263.9M | $199.9M | ||
| Q3 24 | $252.2M | $185.6M | ||
| Q2 24 | $242.3M | $177.5M | ||
| Q1 24 | $228.8M | $175.7M |
| Q4 25 | — | $11.8M | ||
| Q3 25 | $28.2M | $2.8M | ||
| Q2 25 | $33.9M | $-19.4M | ||
| Q1 25 | $64.1M | $-21.4M | ||
| Q4 24 | $48.8M | $-8.8M | ||
| Q3 24 | $53.1M | $-17.0M | ||
| Q2 24 | $52.9M | $-17.5M | ||
| Q1 24 | $46.9M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | 50.7% | 79.3% | ||
| Q2 25 | 48.2% | 77.0% | ||
| Q1 25 | 53.7% | 76.6% | ||
| Q4 24 | 50.2% | 77.1% | ||
| Q3 24 | 54.1% | 76.5% | ||
| Q2 24 | 52.9% | 76.8% | ||
| Q1 24 | 51.7% | 76.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 10.9% | -1.5% | ||
| Q2 25 | 12.7% | -10.3% | ||
| Q1 25 | 23.7% | -12.0% | ||
| Q4 24 | 16.1% | -6.7% | ||
| Q3 24 | 21.0% | -11.7% | ||
| Q2 24 | 20.2% | -13.0% | ||
| Q1 24 | 18.7% | -10.4% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 12.9% | 1.2% | ||
| Q2 25 | 13.4% | -9.0% | ||
| Q1 25 | 24.0% | -10.4% | ||
| Q4 24 | 18.5% | -4.4% | ||
| Q3 24 | 21.0% | -9.2% | ||
| Q2 24 | 21.9% | -9.9% | ||
| Q1 24 | 20.5% | -6.7% |
| Q4 25 | — | $0.21 | ||
| Q3 25 | $0.57 | $0.05 | ||
| Q2 25 | $0.69 | $-0.35 | ||
| Q1 25 | $1.30 | $-0.38 | ||
| Q4 24 | $0.98 | $-0.15 | ||
| Q3 24 | $1.07 | $-0.31 | ||
| Q2 24 | $1.07 | $-0.32 | ||
| Q1 24 | $0.94 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $-5.4M |
| Total Assets | $2.2B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.8M | ||
| Q3 25 | $603.1M | $315.9M | ||
| Q2 25 | $217.5M | $284.3M | ||
| Q1 25 | $203.7M | $242.0M | ||
| Q4 24 | $212.9M | $301.8M | ||
| Q3 24 | $188.7M | $248.2M | ||
| Q2 24 | $172.6M | $267.9M | ||
| Q1 24 | $190.9M | $296.1M |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $2.0B | $-36.9M | ||
| Q2 25 | $2.0B | $-66.5M | ||
| Q1 25 | $1.9B | $-75.7M | ||
| Q4 24 | $1.9B | $-41.7M | ||
| Q3 24 | $1.9B | $-50.8M | ||
| Q2 24 | $1.8B | $-77.7M | ||
| Q1 24 | $1.8B | $-83.2M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $2.0B | $1.2B |
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 | $51.0M |
| Free Cash FlowOCF − Capex | $82.0M | $50.7M |
| FCF MarginFCF / Revenue | 37.6% | 21.2% |
| Capex IntensityCapex / Revenue | 0.6% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.95× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $261.3M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $51.0M | ||
| Q3 25 | $83.4M | $46.2M | ||
| Q2 25 | $57.9M | $50.3M | ||
| Q1 25 | $92.0M | $-7.4M | ||
| Q4 24 | $56.0M | $44.0M | ||
| Q3 24 | $67.2M | $18.9M | ||
| Q2 24 | $65.3M | $-14.0K | ||
| Q1 24 | $57.1M | $24.8M |
| Q4 25 | — | $50.7M | ||
| Q3 25 | $82.0M | $46.1M | ||
| Q2 25 | $44.2M | $49.3M | ||
| Q1 25 | $83.7M | $-8.1M | ||
| Q4 24 | $51.4M | $43.2M | ||
| Q3 24 | $59.2M | $18.7M | ||
| Q2 24 | $53.0M | $-122.0K | ||
| Q1 24 | $50.2M | $24.6M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | 37.6% | 20.5% | ||
| Q2 25 | 17.4% | 22.9% | ||
| Q1 25 | 31.4% | -3.9% | ||
| Q4 24 | 19.5% | 21.6% | ||
| Q3 24 | 23.5% | 10.1% | ||
| Q2 24 | 21.9% | -0.1% | ||
| Q1 24 | 21.9% | 14.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | 5.4% | 0.5% | ||
| Q1 25 | 3.1% | 0.4% | ||
| Q4 24 | 1.8% | 0.4% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 5.1% | 0.1% | ||
| Q1 24 | 3.0% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | 2.95× | 16.57× | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.22× | — |
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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
