Onto Innovation Inc (ONTO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 187,104 | 172,873 | 153,807 | 129,781 | 116,078 | 149,060 | 174,361 | 207,005 | 236,714 | 225,357 | 209,176 | 187,666 | 156,407 | 67,909 | 34,065 | 6,054 | -26,677 | -11,393 | -15,385 | -17,897 |
| 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 |
| Operating profit margin | 18.95% | 18.35% | 17.14% | 15.35% | 14.23% | 17.53% | 19.43% | 21.50% | 23.55% | 23.05% | 22.64% | 21.80% | 19.83% | 9.45% | 5.29% | 1.03% | -4.79% | -2.18% | -3.36% | -4.65% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $187,104K ÷ $987,322K
= 18.95%
Onto Innovation Inc's operating profit margin has shown a significant improvement over the years, starting from negative percentages in 2020 and gradually increasing to positive percentages. The margin fluctuated between negative values and low positive values in 2020 and 2021. However, from March 2022 onwards, there was a notable upward trend in the operating profit margin.
The company's operating profit margin increased from 1.03% in March 2021 to 18.95% in December 2024. This indicates that Onto Innovation has been able to effectively control its operating expenses and improve its operational efficiency over the period under review. The consistent increase in the operating profit margin reflects the company's ability to generate more profit from its core business activities relative to its operating costs.
The positive trend in the operating profit margin suggests that Onto Innovation's profitability has been on an upward trajectory, which is a positive sign for investors and stakeholders. Overall, the improvement in the operating profit margin indicates that the company has been successful in managing its expenses and enhancing its operational performance over the analyzed period.
Peer comparison
Dec 31, 2024