Onto Innovation Inc (ONTO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | -5,043 | 13,781 | 16,120 | 31,486 |
| 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 |
| Operating profit margin | 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% | -1.65% | 5.55% | 6.56% | 11.55% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $116,078K ÷ $815,868K
= 14.23%
Onto Innovation Inc's operating profit margin has shown a fluctuating trend over the past several quarters. The margin experienced a steady increase from March 2021 to March 2023, showing a positive trajectory. However, there was a slight decrease in the margin in the most recent quarter, ending December 2023, compared to the previous quarter.
The operating profit margin hit a peak of 23.55% in December 2022 before gradually declining to 14.23% in December 2023. Despite the recent decrease, the company has generally maintained a healthy operating profit margin above 10% over the last few quarters, indicating efficient cost management and profitability in its operations.
It is worth noting that the margin fluctuated more significantly in the earlier quarters, with negative margins recorded in December 2020 and March 2021. This suggests that the company made improvements in its operations to achieve positive margins in subsequent quarters.
Overall, Onto Innovation Inc's operating profit margin has demonstrated both positive growth and resilience, reflecting the company's ability to generate profits from its core business activities despite some fluctuations in recent periods.
Peer comparison
Dec 31, 2023