Onto Innovation Inc (ONTO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 201,670 | 121,159 | 223,334 | 142,349 | 31,025 |
| Revenue | US$ in thousands | 987,321 | 815,868 | 1,005,180 | 788,899 | 556,496 |
| Net profit margin | 20.43% | 14.85% | 22.22% | 18.04% | 5.58% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $201,670K ÷ $987,321K
= 20.43%
Onto Innovation Inc's net profit margin has shown a varying trend over the past five years. The company's net profit margin was 5.58% as of December 31, 2020, indicating that for every dollar of revenue generated, the company retained 5.58 cents as profit.
Over the next four years, there was an upward trajectory in net profit margin, reaching 18.04% as of December 31, 2021, 22.22% as of December 31, 2022, and 20.43% as of December 31, 2024. This suggests that the company became more efficient in controlling costs and improving profitability during these years.
However, there was a slight dip in net profit margin to 14.85% as of December 31, 2023. This could indicate a decrease in profitability relative to the previous year, possibly due to increased expenses or a decline in revenue.
Overall, the trend in Onto Innovation Inc's net profit margin reflects positive improvements in profitability over the years, with some fluctuations that may warrant further investigation into the factors influencing these changes.
Peer comparison
Dec 31, 2024