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Onto Innovation ONTO Current ratio

Current ratio at other companies

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2.5×0.0×
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+0.5×
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0.0×
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2.1×-0.6×
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0.7×-0.3×
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7.5×+4.0×

Other financials

Income statement

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Revenue$291.9M+9.5%
Gross profit$146.4M+2.2%
Operating income$33.5M-46.9%
Net income$33.8M-1.3%
EPS (diluted)$0.67-48.5%

Balance sheet

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Cash & equivalents$252.2M+23.8%
Total debt$17.5M+15.3%
Total equity$2.1B+11.1%
Total assets$2.4B+13.3%

Cash flow

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Operating cash flow$26.3M-71.4%
CapEx$3.6M-56.5%
Free cash flow$22.7M-72.9%

Valuation

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Market cap$16.6B+70.5%
P/E121.8×+69.3×
P/S16.1×+6.6×

Profitability

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Gross margin48.8%-3.9pp
Operating margin10%-10.2pp
Net margin13.2%-4.9pp

Returns & leverage

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Return on equity6.7%-3.3pp
Debt / equity0.0×

Where this comes from

Calculated from Onto Innovation’s reported figures.

Based on the most recent quarter.

The official record: Onto Innovation’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Onto Innovation's current ratio?
Onto Innovation (ONTO) reported current ratio of 6.2× in Q1 2026.
How has Onto Innovation's current ratio changed year-over-year?
Onto Innovation's current ratio decreased by 26.9% year-over-year, from 8.4× to 6.2×.
What is the long-term trend for Onto Innovation's current ratio?
Over 4 years (2021 to 2025), Onto Innovation's current ratio has grown at a 8.3% compound annual growth rate (CAGR), from 24.2× to 33.3×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.