Onto Innovation Inc
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide. The company offers lithography systems and process control analytical software. It also provides process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-… Read more
Onto Innovation Inc (ONTO) - Net Assets
Latest net assets as of September 2025: $2.00 Billion USD
Based on the latest financial reports, Onto Innovation Inc (ONTO) has net assets worth $2.00 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.19 Billion) and total liabilities ($184.54 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.00 Billion |
| % of Total Assets | 91.56% |
| Annual Growth Rate | 17.57% |
| 5-Year Change | 52.27% |
| 10-Year Change | 611.5% |
| Growth Volatility | 64.62 |
Onto Innovation Inc - Net Assets Trend (1995–2024)
This chart illustrates how Onto Innovation Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Onto Innovation Inc (1995–2024)
The table below shows the annual net assets of Onto Innovation Inc from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.93 Billion | +10.90% |
| 2023-12-31 | $1.74 Billion | +8.78% |
| 2022-12-31 | $1.60 Billion | +11.95% |
| 2021-12-31 | $1.43 Billion | +12.75% |
| 2020-12-31 | $1.26 Billion | +0.06% |
| 2019-12-31 | $1.26 Billion | +249.29% |
| 2018-12-31 | $361.89 Million | +8.62% |
| 2017-12-31 | $333.15 Million | +13.42% |
| 2016-12-31 | $293.74 Million | +8.52% |
| 2015-12-31 | $270.68 Million | +1.25% |
| 2014-12-31 | $267.33 Million | -4.18% |
| 2013-12-31 | $279.00 Million | +3.15% |
| 2012-12-31 | $270.49 Million | +21.96% |
| 2011-12-31 | $221.78 Million | +19.86% |
| 2010-12-31 | $185.03 Million | +22.43% |
| 2009-12-31 | $151.13 Million | -14.17% |
| 2008-12-31 | $176.09 Million | -58.52% |
| 2007-12-31 | $424.48 Million | +8.04% |
| 2006-12-31 | $392.88 Million | +138.78% |
| 2005-12-31 | $164.53 Million | +4.95% |
| 2004-12-31 | $156.78 Million | +5.55% |
| 2003-12-31 | $148.54 Million | +3.09% |
| 2002-12-31 | $144.08 Million | +1.36% |
| 2001-12-31 | $142.15 Million | +70.22% |
| 2000-12-31 | $83.51 Million | +44.98% |
| 1999-12-31 | $57.60 Million | +385.15% |
| 1998-12-31 | $-20.20 Million | -170.88% |
| 1997-12-31 | $28.50 Million | +28.96% |
| 1996-12-31 | $22.10 Million | +25.57% |
| 1995-12-31 | $17.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Onto Innovation Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 10283.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $664.55 Million | 34.51% |
| Common Stock | $49.00K | 0.00% |
| Other Comprehensive Income | $-13.86 Million | -0.72% |
| Other Components | $1.28 Billion | 66.21% |
| Total Equity | $1.93 Billion | 100.00% |
Onto Innovation Inc Competitors by Market Cap
The table below lists competitors of Onto Innovation Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZTO Express (Cayman) Inc
NYSE:ZTO
|
$9.58 Billion |
|
Toray Industries Inc
PINK:TRYIF
|
$9.58 Billion |
|
Tingyi (Cayman Islands) Holding Corp
PINK:TYCMY
|
$9.58 Billion |
|
LG Electronics Inc
KO:066570
|
$9.58 Billion |
|
Anhui Jianghuai Automobile Group Corp Ltd
SHG:600418
|
$9.56 Billion |
|
Eurobank Ergasias Services and Holdings S.A
PINK:EGFEF
|
$9.55 Billion |
|
Scentre Group
PINK:STGPF
|
$9.55 Billion |
|
DAIMLER TRUCK SP.ADS/1/2
F:DTG1
|
$9.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Onto Innovation Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,736,535,000 to 1,925,882,000, a change of 189,347,000 (10.9%).
- Net income of 201,670,000 contributed positively to equity growth.
- Share repurchases of 25,069,000 reduced equity.
- Other comprehensive income decreased equity by 5,964,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $201.67 Million | +10.47% |
| Share Repurchases | $25.07 Million | -1.3% |
| Other Comprehensive Income | $-5.96 Million | -0.31% |
| Other Changes | $18.71 Million | +0.97% |
| Total Change | $- | 10.90% |
Book Value vs Market Value Analysis
This analysis compares Onto Innovation Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 92.72x to 5.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $2.12 | $196.61 | x |
| 1996-12-31 | $2.60 | $196.61 | x |
| 1997-12-31 | $3.24 | $196.61 | x |
| 1998-12-31 | $-4.48 | $196.61 | x |
| 1999-12-31 | $5.52 | $196.61 | x |
| 2000-12-31 | $5.28 | $196.61 | x |
| 2001-12-31 | $8.60 | $196.61 | x |
| 2002-12-31 | $8.89 | $196.61 | x |
| 2003-12-31 | $8.88 | $196.61 | x |
| 2004-12-31 | $9.27 | $196.61 | x |
| 2005-12-31 | $9.71 | $196.61 | x |
| 2006-12-31 | $14.25 | $196.61 | x |
| 2007-12-31 | $14.48 | $196.61 | x |
| 2008-12-31 | $5.75 | $196.61 | x |
| 2009-12-31 | $4.89 | $196.61 | x |
| 2010-12-31 | $7.28 | $196.61 | x |
| 2011-12-31 | $8.52 | $196.61 | x |
| 2012-12-31 | $8.23 | $196.61 | x |
| 2013-12-31 | $8.36 | $196.61 | x |
| 2014-12-31 | $8.07 | $196.61 | x |
| 2015-12-31 | $8.42 | $196.61 | x |
| 2016-12-31 | $9.24 | $196.61 | x |
| 2017-12-31 | $10.36 | $196.61 | x |
| 2018-12-31 | $11.24 | $196.61 | x |
| 2019-12-31 | $42.12 | $196.61 | x |
| 2020-12-31 | $25.56 | $196.61 | x |
| 2021-12-31 | $28.68 | $196.61 | x |
| 2022-12-31 | $32.08 | $196.61 | x |
| 2023-12-31 | $35.21 | $196.61 | x |
| 2024-12-31 | $38.78 | $196.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Onto Innovation Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.47%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.43%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.10x
- Recent ROE (10.47%) is above the historical average (2.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 24.43% | 18.86% | 0.90x | 1.43x | $2.54 Million |
| 1996 | 18.10% | 13.20% | 1.01x | 1.36x | $1.79 Million |
| 1997 | 20.35% | 15.80% | 1.01x | 1.27x | $2.95 Million |
| 1998 | 0.00% | -70.15% | 0.95x | 0.00x | $-12.08 Million |
| 1999 | 5.03% | 7.61% | 0.59x | 1.13x | $-2.86 Million |
| 2000 | 28.23% | 26.76% | 0.89x | 1.18x | $15.23 Million |
| 2001 | 8.26% | 14.79% | 0.54x | 1.04x | $-2.48 Million |
| 2002 | -0.99% | -2.49% | 0.35x | 1.12x | $-15.84 Million |
| 2003 | 1.19% | 3.03% | 0.36x | 1.08x | $-13.08 Million |
| 2004 | 4.31% | 8.01% | 0.49x | 1.09x | $-8.93 Million |
| 2005 | 3.02% | 6.00% | 0.46x | 1.09x | $-11.48 Million |
| 2006 | 3.23% | 6.32% | 0.46x | 1.12x | $-26.58 Million |
| 2007 | 2.79% | 7.41% | 0.35x | 1.08x | $-30.59 Million |
| 2008 | -141.80% | -190.54% | 0.66x | 1.12x | $-267.29 Million |
| 2009 | -19.60% | -37.67% | 0.44x | 1.18x | $-44.74 Million |
| 2010 | 14.60% | 13.83% | 0.89x | 1.18x | $8.51 Million |
| 2011 | 11.37% | 13.48% | 0.61x | 1.38x | $3.05 Million |
| 2012 | 16.22% | 20.08% | 0.60x | 1.35x | $16.82 Million |
| 2013 | 1.24% | 1.96% | 0.47x | 1.33x | $-24.44 Million |
| 2014 | -1.74% | -2.56% | 0.49x | 1.37x | $-31.37 Million |
| 2015 | 6.63% | 8.10% | 0.58x | 1.40x | $-9.11 Million |
| 2016 | 12.58% | 15.87% | 0.69x | 1.15x | $7.58 Million |
| 2017 | 9.88% | 12.90% | 0.66x | 1.16x | $-406.40K |
| 2018 | 12.46% | 16.47% | 0.65x | 1.16x | $8.91 Million |
| 2019 | 0.15% | 0.62% | 0.21x | 1.15x | $-124.49 Million |
| 2020 | 2.45% | 5.58% | 0.38x | 1.16x | $-95.45 Million |
| 2021 | 9.98% | 18.04% | 0.48x | 1.16x | $-256.50K |
| 2022 | 13.99% | 22.22% | 0.56x | 1.12x | $63.69 Million |
| 2023 | 6.98% | 14.85% | 0.43x | 1.10x | $-52.49 Million |
| 2024 | 10.47% | 20.43% | 0.47x | 1.10x | $9.08 Million |
Industry Comparison
This section compares Onto Innovation Inc's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $15,545,560,602
- Average return on equity (ROE) among peers: 11.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Onto Innovation Inc (ONTO) | $2.00 Billion | 24.43% | 0.09x | $9.58 Billion |
| Axcelis Technologies Inc (ACLS) | $205.57 Million | -8.55% | 0.37x | $2.62 Billion |
| Acm Research Inc (ACMR) | $2.48 Million | 41.49% | 16.89x | $2.51 Billion |
| Advantest Corporation (ADTTF) | $140.94 Billion | 9.19% | 0.94x | $27.29 Billion |
| Aehr Test Systems (AEHR) | $11.28 Million | -4.26% | 0.28x | $1.01 Billion |
| AEM Holdings Ltd. (AEMFF) | $211.43 Million | 46.16% | 0.59x | $164.30 Million |
| AIXTRON SE (AIXXF) | $910.07 Million | 9.37% | 0.14x | $996.24 Million |
| Applied Materials Inc (AMAT) | $254.40 Million | 20.24% | 0.71x | $278.50 Billion |
| Ambarella Inc (AMBA) | $561.41 Million | -20.86% | 0.23x | $2.14 Billion |
| Amkor Technology Inc (AMKR) | $4.00 Billion | 9.01% | 0.69x | $5.65 Billion |
| ASML Holding NV (ASMLF) | $8.37 Billion | 16.95% | 0.56x | $267.08 Billion |