Onto Innovation Inc (ONTO)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 121,159 | 157,064 | 173,393 | 199,072 | 223,334 | 203,857 | 188,090 | 171,566 | 142,349 | 115,526 | 87,169 | 59,542 | 31,025 | -6,641 | -8,172 | -10,070 | 1,910 | 27,744 | 28,371 | 37,542 |
| Revenue (ttm) | US$ in thousands | 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 | 305,896 | 248,118 | 245,615 | 272,659 |
| Net profit margin | 14.85% | 18.47% | 19.32% | 20.67% | 22.22% | 20.85% | 20.36% | 19.93% | 18.04% | 16.08% | 13.53% | 10.16% | 5.58% | -1.27% | -1.78% | -2.62% | 0.62% | 11.18% | 11.55% | 13.77% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $121,159K ÷ $815,868K
= 14.85%
The net profit margin of Onto Innovation Inc has shown fluctuations over the past five years. The trend indicates that the company's profitability, as measured by net profit margin, generally improved from 2019 to 2020 but experienced a decline in 2021.
From 2020 to 2022, Onto Innovation Inc saw an increase in net profit margin from 5.58% to 22.22%. However, there was a slight decrease in net profit margin in 2023, where it ranged from 14.85% to 20.67%.
Overall, the net profit margin has been relatively healthy, staying above 10% in most periods, signaling that the company is efficient at managing its expenses in relation to its revenue. It is important for the company to closely monitor its cost structure and revenue generation to sustain and potentially improve its profitability levels in the future.
Peer comparison
Dec 31, 2023