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Onto Innovation vs Trimble: revenue, profit, margins and growth compared

Onto Innovation brought in $1B of revenue in fiscal 2024, Trimble $3.6B in fiscal 2025. Revenue changed by +1.8% at Onto Innovation and -2.6% at Trimble on the year before, so Onto Innovation grew faster. Onto Innovation kept 13.6% of its revenue as net profit, Trimble 11.8%. Free cash flow was $299.8M at Onto Innovation and $360.9M at Trimble.

Side by side, latest fiscal year

ONTOTRMB
Fiscal year endedFY2024 (January 3, 2026)FY2025 (January 2, 2026)
Revenue$1B$3.6B
Revenue growth+1.8%-2.6%
Net income$136.8M$424M
Net margin13.6%11.8%
Free cash flow$299.8M$360.9M
Free cash flow margin29.8%10.1%
Earnings per share (diluted)$2.78$1.76
Cash$346.1M$253.4M
Debtn/a$1.4B
Price to earnings103.532.9
Market value$14.1B$13.5B
Dividend yieldn/an/a
Rank by revenue in sector#271 of 451 · Industrials#157 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: $1BTRMB FY2018: $3.1BTRMB FY2019: $3.3BTRMB FY2020: $3.2BTRMB FY2021: $3.7BTRMB FY2022: $3.7BTRMB FY2023: $3.8BTRMB FY2024: $3.7BTRMB FY2025: $3.6BFY18FY19FY20FY21FY22FY23FY24FY25
ONTO $1BTRMB $3.6B
Net income
ONTO FY2019: $45.1MONTO FY2019: $223.3MONTO FY2020: $31MONTO FY2021: $142.3MONTO FY2022: $223.3MONTO FY2022: $121.2MONTO FY2024: $201.7MONTO FY2024: $136.8MTRMB FY2018: $282.8MTRMB FY2019: $514.3MTRMB FY2020: $389.9MTRMB FY2021: $492.7MTRMB FY2022: $449.7MTRMB FY2023: $311.3MTRMB FY2024: $1.5BTRMB FY2025: $424MFY18FY19FY20FY21FY22FY23FY24FY25
ONTO $136.8MTRMB $424M
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%TRMB FY2018: 9.0%TRMB FY2019: 15.7%TRMB FY2020: 12.4%TRMB FY2021: 13.5%TRMB FY2022: 12.2%TRMB FY2023: 8.2%TRMB FY2024: 40.8%TRMB FY2025: 11.8%FY18FY19FY20FY21FY22FY23FY24FY25
ONTO 13.6%TRMB 11.8%
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%TRMB FY2019: +4.4%TRMB FY2020: -3.6%TRMB FY2021: +16.1%TRMB FY2022: +0.5%TRMB FY2023: +3.3%TRMB FY2024: -3.0%TRMB FY2025: -2.6%FY19FY20FY21FY22FY23FY24FY25
ONTO +1.8%TRMB -2.6%
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: $299.8MTRMB FY2018: $419.1MTRMB FY2019: $516MTRMB FY2020: $615.2MTRMB FY2021: $704.4MTRMB FY2022: $348MTRMB FY2023: $555.1MTRMB FY2024: $497.8MTRMB FY2025: $360.9MFY18FY19FY20FY21FY22FY23FY24FY25
ONTO $299.8MTRMB $360.9M

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

Questions about Onto Innovation and Trimble

Which is bigger by revenue, Onto Innovation or Trimble?

Trimble is bigger by revenue: $3.6B in fiscal 2025, against $1B for Onto Innovation in fiscal 2024.

Which keeps more of its revenue as profit, Onto Innovation or Trimble?

Onto Innovation had a net margin of 13.6% in fiscal 2024; Trimble had 11.8% in fiscal 2025.

Which grew revenue faster, Onto Innovation or Trimble?

In their latest fiscal years revenue changed by +1.8% at Onto Innovation and -2.6% at Trimble.

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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