ONTO FY 2024 Earnings Report — Onto Innovation Inc. Revenue & Financial Results | Market Cap Arena

Onto Innovation Inc.ONTO

FY 2024 Earnings

Reported February 25, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$987M	—	$816M	—	21.0%
Op. Income	$187M	—	$116M	—	61.2%
Gross Margin	52.2%	—	51.5%	—	0.7pp
Net Margin	20.4%	—	14.9%	—	5.6pp
EPS (Diluted)	$4.06	—	$2.46	—	65.0%
Free Cash Flow	$214M	—	$149M	—	43.1%

Revenue Flow

Item	Amount
REVENUE	$987M
Cost of Revenue	$472M
GROSS PROFIT	$515M
R&D Expenses	$117M
Selling & Marketing	$76M
General & Administrative	$86M
SG&A Expenses	$162M
Other Expenses	$49M
Operating Expenses	$328M
Cost & Expenses	$800M
OPERATING INCOME	$187M
Interest Income	$33M
Interest Expense	$0
Other Income/Expenses	$33M
INCOME BEFORE TAX	$220M
Income Tax Expense	$19M
Net Income from Continuing Ops	$202M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$62M
EBIT	$187M
EBITDA	$249M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$987M
Cost of Revenue	$472M
GROSS PROFIT	$515M
R&D Expenses	$117M
Selling & Marketing	$76M
General & Administrative	$86M
SG&A Expenses	$162M
Other Expenses	$49M
Operating Expenses	$328M
Cost & Expenses	$800M
OPERATING INCOME	$187M
Interest Income	$33M
Interest Expense	$0
Other Income/Expenses	$33M
INCOME BEFORE TAX	$220M
Income Tax Expense	$19M
Net Income from Continuing Ops	$202M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$62M
EBIT	$187M
EBITDA	$249M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$202M
Depreciation & Amortization	$62M
Stock-Based Compensation	$29M
Deferred Income Tax	-$26M
Other Non-Cash Items	$24M
Change in Working Capital	-$44M
OPERATING CASH FLOW	$246M
Capital Expenditure	-$32M
Acquisitions (Net)	-$27M
Purchases of Investments	-$709M
Sales/Maturities of Investments	$541M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$227M
Net Debt Issuance	$0
Common Stock Repurchased	-$25M
Common Dividends Paid	$0
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$36M
FREE CASH FLOW	$214M
Net Change in Cash	-$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$213M
Short-Term Investments	$639M
Net Receivables	$308M
Inventory	$287M
Other Current Assets	$30M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$138M
Goodwill	$330M
Intangible Assets	$127M
Long-Term Investments	$0
Tax Assets	$43M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$640M
TOTAL ASSETS	$2.1B
Account Payables	$56M
Short-Term Debt	$0
Deferred Revenue	$45M
Other Current Liabilities	$4M
TOTAL CURRENT LIABILITIES	$170M
Long-Term Debt	$0
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$4.0K
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$191M
Common Stock	$49.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$665M
Treasury Stock	$0
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$15M
Net Debt	-$198M