Nova vs Onto Innovation
Nova and Onto Innovation are similar in size: $881m and $1.01bn of revenue in their latest fiscal years. Nova grew faster (31.0% against 1.8%). Nova kept more of each dollar of sales as profit: a net margin of 29.4% against 13.6%.
| Latest fiscal year | NovaNVMI, 2025 | Onto InnovationONTO, 2025 |
|---|---|---|
| Revenue | $881m | $1.01bn |
| Revenue growth | 31.0% | 1.8% |
| Net income | $259m | $137m |
| Operating margin | — | 13.2% |
| Net margin | 29.4% | 13.6% |
| Return on equity | 23.1% | 6.8% |
| Free cash flow | $218m | $300m |
| Cash | $214m | $346m |
| Total debt | $732m | — |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $35.0m | $75.0m |
| Employees | — | 1,615 |
| Market value | $9.59bn | $9.89bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 76 (Strong) | 75 (Strong) |
| Insider trades, 12 months | 0 buys, 14 sales | 0 buys, 2 sales |