DocuSign, Inc. (DOCU) vs Onto Innovation Inc. (ONTO)

A side-by-side comparison of DocuSign, Inc. and Onto Innovation Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnDOCU vs ONTO

growth of $100 · dividends reinvested · last 8y
DOCU +65.2% (+6.5%/yr)ONTO +1019.2% (+35.2%/yr)ONTO compounded faster over this window
Log scale — wide-divergence pair
101001k10kStart $1002020202220242026$165$1,119
DOCU ONTO

DOCU vs ONTO: by the numbers

  • DOCU is the larger company ($13.54B vs $12.34B market cap).
  • DOCU trades at the lower trailing earnings multiple (43.23 vs 93.23 P/E), one valuation lens rather than an overall verdict.
  • ONTO converts more revenue to profit (11.84% vs 9.82% net margin).
  • DOCU grew revenue faster over the past five years (13.37% vs 11.67% CAGR).

Metrics side by side

Valuation

MetricDOCUONTO
P/E ratio43.2393.23
Forward P/E15.3630.56
P/S ratio4.0311.01
P/B ratio7.886.42
EV / EBITDA22.2450.94
FCF yield8.85%2.05%

Profitability

MetricDOCUONTO
Gross margin79.49%50.36%
Operating margin11.96%12.48%
Net margin9.82%11.84%
ROE19.20%6.90%
ROIC15.17%3.42%

Growth (annualized)

MetricDOCUONTO
Revenue CAGR (5Y)13.37%11.67%
EPS CAGR (5Y)N/A-0.96%
FCF CAGR (5Y)26.72%15.11%
Total return CAGR (5Y)-25.02%29.60%

Frequently asked

Which has the lower trailing P/E, DOCU or ONTO?
DOCU has the lower trailing P/E: DOCU trades at 43.23 and ONTO at 93.23. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DOCU or ONTO?
Over the past five years, DOCU grew revenue faster — DOCU at a 13.37% CAGR versus ONTO at 11.67%.
Is DOCU or ONTO more profitable?
ONTO runs the higher net margin — DOCU at 9.82% versus ONTO at 11.84%.
How have DOCU and ONTO total returns compared?
Over the past 5 years, DOCU delivered -25.02% and ONTO delivered 29.60% annualized total return. Past performance doesn't predict future results.

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 September 13, 2026.