Onto Innovation Inc (ONTO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 121,159 | 223,334 | 142,349 | 31,025 | 223,334 |
| Revenue | US$ in thousands | 815,868 | 1,005,180 | 788,899 | 556,496 | 305,896 |
| Net profit margin | 14.85% | 22.22% | 18.04% | 5.58% | 73.01% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $121,159K ÷ $815,868K
= 14.85%
The net profit margin of Onto Innovation Inc has fluctuated over the past five years. In 2019, the net profit margin was exceptionally high at 73.01%, indicating that the company generated a significant amount of profit relative to its total revenue. However, in 2020, the net profit margin dropped to 5.58%, suggesting a significant decrease in profitability potentially due to increased expenses or lower revenue.
In 2021, the net profit margin increased to 18.04%, showing some recovery in profitability. By 2022, the margin improved further to 22.22%, indicating stronger earnings relative to revenue. However, in 2023, the net profit margin decreased to 14.85%, which, while lower than the previous year, still indicates a reasonable level of profitability.
Overall, the trend in Onto Innovation Inc's net profit margin shows fluctuations over the years, with a mix of strong and weaker performances. It is essential for investors and stakeholders to monitor the company's profitability closely to assess its financial health and performance over time.
Peer comparison
Dec 31, 2023