Onto Innovation Inc (ONTO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 515,308 | 420,254 | 539,221 | 429,086 | 278,453 |
| Revenue | US$ in thousands | 987,321 | 815,868 | 1,005,180 | 788,899 | 556,496 |
| Gross profit margin | 52.19% | 51.51% | 53.64% | 54.39% | 50.04% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $515,308K ÷ $987,321K
= 52.19%
The gross profit margin of Onto Innovation Inc has exhibited a generally positive trend over the past five years, reflecting efficient cost management and pricing strategies. The margin increased from 50.04% as of December 31, 2020, to 54.39% as of December 31, 2021, indicating improved profitability on sales after accounting for the cost of goods sold. Subsequently, the margin slightly decreased to 53.64% by December 31, 2022, before experiencing a further decline to 51.51% by December 31, 2023. However, the margin rebounded to 52.19% by December 31, 2024, suggesting a potential recovery in profitability.
Overall, the gross profit margin of Onto Innovation Inc remains relatively strong, indicating the company's ability to effectively manage production costs and generate profits from its core operations. Monitoring this key ratio will be crucial in assessing the company's operational efficiency and competitiveness in the industry.
Peer comparison
Dec 31, 2024