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Onto Innovation ONTO Interest coverage

Interest coverage at other companies

Applied Materials logo
Applied MaterialsAMAT
30.2×-1.7×
KLA Corporation logo
KLA CorporationKLAC
19.9×+5.3×
Amkor Technology logo
Amkor TechnologyAMKR
+0.9×
Teradyne, Inc. logo
Teradyne, Inc.TER
108.9×-62.2×
Fortive logo
FortiveFTV
6.2×+1.0×
MACOM Technology Solutions logo
MACOM Technology SolutionsMTSI
-8.7×-20.9×

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×
Current ratio6.2×-2.3×

Where this comes from

Calculated from Onto Innovation’s reported figures.

Based on trailing twelve months.

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 interest coverage?
Onto Innovation (ONTO) reported interest coverage of 3.4× in Q1 2026.
How has Onto Innovation's interest coverage changed year-over-year?
Onto Innovation's interest coverage decreased by 42.8% year-over-year, from 5.9× to 3.4×.
What is the long-term trend for Onto Innovation's interest coverage?
Over 4 years (2021 to 2025), Onto Innovation's interest coverage has grown at a -24.8% compound annual growth rate (CAGR), from -61.1× to 19.5×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.