Onto Innovation vs SolarEdge
SolarEdge reported revenue of $1.2 billion in fiscal 2025, 1.2 times Onto Innovation's $1.0 billion in fiscal 2025. Onto Innovation's revenue grew 1.8% in its latest year, and SolarEdge's grew 31.4%. Onto Innovation had an operating margin of 13.2%, against -25.5% at SolarEdge. Free cash flow was $300 million at Onto Innovation and $81 million at SolarEdge. Their fiscal years end in different months (January 3 and December 31), so the periods don't line up exactly.
Side by side
| Onto Innovation | SolarEdge | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 3, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $1.0B | $1.2B |
| Revenue growth | 1.8% | 31.4% |
| Revenue growth a year, last 5 years | 12.6% | −4.1% |
| Gross margin | 49.7% | 16.6% |
| Operating margin | 13.2% | −25.5% |
| Net margin | 13.6% | −34.2% |
| Free cash flow | $300M | $81M |
| Free cash flow margin | 29.8% | 6.8% |
| Return on capital | 8.8% | −45.1% |
| Net debt to EBITDA | −3.3x | — |
| Dividends and buybacks | $75M | $0M |
| Change in diluted share count | −0.8% | 3.3% |
| Last close | $173.28 | $27.51 |
| P/E at the last close | 65.1× | — |
| Insider trades, last 12 months | sold $302,300 | sold $99,473 |
| Piotroski F-score | 4 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Onto InnovationSolarEdge
Operating margin
Percent of revenue
Onto InnovationSolarEdge
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Onto InnovationSolarEdge
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Onto Innovation and SolarEdge pages.