Applied Digital Corporation (APLD) vs Onto Innovation Inc. (ONTO)
ONTO leads on 7 of 7 compared metrics.
A side-by-side comparison of Applied Digital Corporation and Onto Innovation Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
APLD
Applied Digital Corporation
$46.59Technology
ONTO
Onto Innovation Inc.
$333.76Technology
Total return — APLD vs ONTO
growth of $100 · last 4yAPLD +860.6%ONTO +364.8%APLD compounded faster
APLD ONTO
APLD vs ONTO: by the numbers
- •ONTO is the larger company ($16.60B vs $13.31B market cap).
- •ONTO is profitable (10.33% net margin) while APLD runs a net loss (-52.41%).
Metrics side by side
Valuation
| Metric | APLD | ONTO |
|---|---|---|
| P/E ratio | — | 155.96 |
| P/S ratio | 35.61 | 16.19● |
| P/B ratio | 8.00 | 7.83● |
| PEG ratio | — | 4.53 |
| EV / EBITDA | — | 79.04 |
| FCF yield | — | 1.43% |
Profitability
| Metric | APLD | ONTO |
|---|---|---|
| Gross margin | 27.07% | 48.80%● |
| Operating margin | -24.99% | 10.53%● |
| Net margin | -52.41% | 10.33%● |
| ROE | -11.78% | 4.99%● |
| ROIC | -5.41% | 5.18%● |
Growth (annualized)
| Metric | APLD | ONTO |
|---|---|---|
| Revenue CAGR (5Y) | — | 11.93% |
| EPS CAGR (5Y) | — | 34.40% |
| FCF CAGR (5Y) | — | 11.03% |
| Total return CAGR (5Y) | — | 37.24% |
Frequently asked
- Is APLD or ONTO more profitable?
- ONTO runs the higher net margin — APLD at -52.41% versus ONTO at 10.33%.
Go deeper
Dig into the metrics
Applied Digital P/E ratioOnto Innovation P/E ratioApplied Digital dividend yieldOnto Innovation dividend yieldApplied Digital ROEOnto Innovation ROEApplied Digital operating marginOnto Innovation operating marginApplied Digital revenue growthOnto Innovation revenue growthApplied Digital free cash flowOnto Innovation free cash flow
Applied Digital & Onto Innovation appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 20, 2026.