Onto Innovation Inc (ONTO)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 187,103 | 116,078 | 236,714 | 156,407 | -26,677 |
| Revenue | US$ in thousands | 987,321 | 815,868 | 1,005,180 | 788,899 | 556,496 |
| Operating profit margin | 18.95% | 14.23% | 23.55% | 19.83% | -4.79% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $187,103K ÷ $987,321K
= 18.95%
The operating profit margin of Onto Innovation Inc has shown a mixed trend over the past five years. Starting at a negative value of -4.79% on December 31, 2020, the company managed to improve its profitability significantly, with margins increasing to 19.83% by December 31, 2021 and then to 23.55% by December 31, 2022.
However, the margin dipped to 14.23% by the end of December 31, 2023, showing some fluctuation in profitability. Nonetheless, Onto Innovation Inc regained some ground with a margin of 18.95% by December 31, 2024.
Overall, the company has demonstrated an ability to improve its operating profit margins, generating more profit from each dollar of sales over the years. Analysts may want to further examine the factors contributing to these fluctuations in profitability to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024