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Onto Innovation vs Quantum-Si: revenue, profit, margins and growth compared

Onto Innovation brought in $1B of revenue in fiscal 2024, Quantum-Si $2.4M in fiscal 2025. Revenue changed by +1.8% at Onto Innovation and -20.3% at Quantum-Si on the year before, so Onto Innovation grew faster. Onto Innovation kept 13.6% of its revenue as net profit, Quantum-Si -4,160.1%. Free cash flow was $299.8M at Onto Innovation and -$97.2M at Quantum-Si.

Side by side, latest fiscal year

ONTOQSI
Fiscal year endedFY2024 (January 3, 2026)FY2025 (December 31, 2025)
Revenue$1B$2.4M
Revenue growth+1.8%-20.3%
Net income$136.8M-$101.3M
Net margin13.6%-4,160.1%
Free cash flow$299.8M-$97.2M
Free cash flow margin29.8%-3,991.5%
Earnings per share (diluted)$2.78-$0.51
Cash$346.1M$21.6M
Debtn/an/a
Price to earnings103.5n/a
Market value$14.1B$182.5M
Dividend yieldn/an/a
Rank by revenue in sector#271 of 451 · Industrials#442 of 451 · Industrials

Over the years

Revenue
ONTO FY2019: $273.8MONTO FY2019: $305.9MONTO FY2020: $556.5MONTO FY2021: $788.9MONTO FY2022: $1BONTO FY2022: $815.9MONTO FY2024: $987.3MONTO FY2024: $1BQSI FY2021: $0QSI FY2022: $0QSI FY2023: $1.1MQSI FY2024: $3.1MQSI FY2025: $2.4MFY19FY20FY21FY22FY23FY24FY25
ONTO $1BQSI $2.4M
Net income
ONTO FY2019: $45.1MONTO FY2019: $223.3MONTO FY2020: $31MONTO FY2021: $142.3MONTO FY2022: $223.3MONTO FY2022: $121.2MONTO FY2024: $201.7MONTO FY2024: $136.8MQSI FY2019: -$35.8MQSI FY2020: -$36.6MQSI FY2021: -$95MQSI FY2022: -$132.4MQSI FY2023: -$96MQSI FY2024: -$101MQSI FY2025: -$101.3MFY19FY20FY21FY22FY23FY24FY25
ONTO $136.8MQSI -$101.3M
Net margin
ONTO FY2019: 16.5%ONTO FY2019: 73.0%ONTO FY2020: 5.6%ONTO FY2021: 18.0%ONTO FY2022: 22.2%ONTO FY2022: 14.9%ONTO FY2024: 20.4%ONTO FY2024: 13.6%QSI FY2023: -8,868.8%QSI FY2024: -3,303.0%QSI FY2025: -4,160.1%FY19FY20FY21FY22FY23FY24FY25
ONTO 13.6%QSI -4,160.1%
Revenue growth
ONTO FY2019: +11.7%ONTO FY2020: +81.9%ONTO FY2021: +41.8%ONTO FY2022: +27.4%ONTO FY2022: -18.8%ONTO FY2024: +21.0%ONTO FY2024: +1.8%QSI FY2024: +182.6%QSI FY2025: -20.3%FY19FY20FY21FY22FY24FY25
ONTO +1.8%QSI -20.3%
Free cash flow
ONTO FY2019: $27.6MONTO FY2019: $11.3MONTO FY2020: $102.2MONTO FY2021: $163.2MONTO FY2022: $118.3MONTO FY2022: $149.4MONTO FY2024: $213.8MONTO FY2024: $299.8MQSI FY2019: -$31.9MQSI FY2020: -$33MQSI FY2021: -$72.6MQSI FY2022: -$101.3MQSI FY2023: -$98.5MQSI FY2024: -$92.4MQSI FY2025: -$97.2MFY19FY20FY21FY22FY23FY24FY25
ONTO $299.8MQSI -$97.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Onto Innovation and Quantum-Si

Which is bigger by revenue, Onto Innovation or Quantum-Si?

Onto Innovation is bigger by revenue: $1B in fiscal 2024, against $2.4M for Quantum-Si in fiscal 2025.

Which keeps more of its revenue as profit, Onto Innovation or Quantum-Si?

Onto Innovation had a net margin of 13.6% in fiscal 2024; Quantum-Si had -4,160.1% in fiscal 2025.

Which grew revenue faster, Onto Innovation or Quantum-Si?

In their latest fiscal years revenue changed by +1.8% at Onto Innovation and -20.3% at Quantum-Si.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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