Onto Innovation Inc (ONTO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 515,308 | 490,866 | 461,339 | 433,564 | 420,254 | 449,510 | 481,507 | 513,173 | 539,221 | 525,802 | 496,311 | 469,640 | 429,086 | 380,632 | 340,162 | 306,291 | 278,453 | 242,691 | 205,314 | 165,640 |
| Revenue (ttm) | US$ in thousands | 987,322 | 942,239 | 897,214 | 845,549 | 815,868 | 850,282 | 897,350 | 962,998 | 1,005,183 | 977,557 | 923,893 | 860,970 | 788,899 | 718,383 | 644,286 | 585,847 | 556,496 | 521,926 | 458,369 | 384,932 |
| Gross profit margin | 52.19% | 52.10% | 51.42% | 51.28% | 51.51% | 52.87% | 53.66% | 53.29% | 53.64% | 53.79% | 53.72% | 54.55% | 54.39% | 52.98% | 52.80% | 52.28% | 50.04% | 46.50% | 44.79% | 43.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $515,308K ÷ $987,322K
= 52.19%
The gross profit margin of Onto Innovation Inc has shown a generally positive trend over the past few years, starting at 43.03% as of March 31, 2020, and increasing steadily to reach 52.19% by December 31, 2024. This indicates that the company has been able to effectively control its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit.
There were a few fluctuations in the gross profit margin during this period, with some minor drops in between consecutive quarters. However, the overall trend has been upward, reflecting the company's ability to maintain healthy margins despite potential challenges.
It's important to note that the gross profit margin is trending downwards slightly in the last few quarters, from a peak of 53.79% on September 30, 2022, to 52.19% on December 31, 2024. Management may need to closely monitor cost structures and pricing strategies to sustain or improve margins in the future.
In conclusion, Onto Innovation Inc has demonstrated a strong gross profit margin performance over the analyzed period, with signs of stability and efficiency in managing production costs relative to sales revenue.
Peer comparison
Dec 31, 2024