Is HPQ or ONTO cheaper?

On trailing earnings, HPQ is cheaper: HPQ trades at a 8.35 P/E and ONTO at 164.23.

Which has grown faster, HPQ or ONTO?

Over the past five years, ONTO grew revenue faster — HPQ at a -1.23% CAGR versus ONTO at 11.93%.

Does HPQ or ONTO pay a bigger dividend?

HPQ pays a dividend (5.30% yield) while ONTO does not currently pay one.

Is HPQ or ONTO more profitable?

ONTO runs the higher net margin — HPQ at 4.45% versus ONTO at 10.33%.

Which has been the better investment, HPQ or ONTO?

Over the past 10-year, ONTO delivered the higher annualized total return — HPQ at 10.06% versus ONTO at 33.06%. Past performance doesn't predict future results.

HP Inc. (HPQ) vs Onto Innovation Inc. (ONTO)

ONTO leads on 8 of 14 compared metrics, though HPQ is the cheaper stock.

A side-by-side comparison of HP Inc. and Onto Innovation Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 30, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — HPQ vs ONTO

growth of $100 · last 30y

HPQ +151.6%ONTO +6290.0%ONTO compounded faster

Log scale — wide-divergence pair

HPQ ONTO

HPQ vs ONTO: by the numbers

•HPQ is the larger company ($20.06B vs $18.83B market cap).
•HPQ trades at the lower earnings multiple (8.35 vs 164.23 P/E).
•ONTO converts more revenue to profit (10.33% vs 4.45% net margin).
•ONTO grew revenue faster over the past five years (11.93% vs -1.23% CAGR).
•HPQ pays a dividend (5.30% yield) while ONTO does not currently pay one.

Which is better, HPQ or ONTO?

Metric tally: HPQ 6 · ONTO 8

It depends on what you're optimizing for:

ValueHPQ(lower P/E)

GrowthONTO(faster 5Y revenue CAGR)

QualityHPQ(higher ROIC)

Metrics side by side

Valuation

Metric	HPQ	ONTO
P/E ratio	8.35●	164.23
Forward P/E	7.49	—
P/S ratio	0.36●	17.05
P/B ratio	—	8.24
PEG ratio	1.43●	4.77
EV / EBITDA	6.71●	91.92
FCF yield	18.05%●	1.36%

Profitability

Metric	HPQ	ONTO
Gross margin	20.21%	48.80%●
Operating margin	5.51%	10.53%●
Net margin	4.45%	10.33%●
ROE	-730.92%	4.99%●
ROIC	24.97%●	5.18%

Dividends

Metric	HPQ	ONTO
Dividend yield	5.30%	—
Payout ratio	44.94%	—

Growth (annualized)

Metric	HPQ	ONTO
Revenue CAGR (5Y)	-1.23%	11.93%●
EPS CAGR (5Y)	5.84%	34.40%●
FCF CAGR (5Y)	-7.31%	11.03%●
Total return CAGR (5Y)	-1.98%	36.77%●

Frequently asked

Which is better, HPQ or ONTO?: It depends on your goal. value: HPQ (lower P/E); growth: ONTO (faster 5Y revenue CAGR); quality: HPQ (higher ROIC). Across all compared metrics, ONTO leads 8 to 6.
Is HPQ or ONTO cheaper?: On trailing earnings, HPQ is cheaper: HPQ trades at a 8.35 P/E and ONTO at 164.23.
Which has grown faster, HPQ or ONTO?: Over the past five years, ONTO grew revenue faster — HPQ at a -1.23% CAGR versus ONTO at 11.93%.
Does HPQ or ONTO pay a bigger dividend?: HPQ pays a dividend (5.30% yield) while ONTO does not currently pay one.
Is HPQ or ONTO more profitable?: ONTO runs the higher net margin — HPQ at 4.45% versus ONTO at 10.33%.
Which has been the better investment, HPQ or ONTO?: Over the past 10-year, ONTO delivered the higher annualized total return — HPQ at 10.06% versus ONTO at 33.06%. Past performance doesn't predict future results.

Go deeper

Full HPQ analysis Full ONTO analysis Interactive comparison tool

Dig into the metrics

HP P/E ratio Onto Innovation P/E ratio HP dividend yield Onto Innovation dividend yield HP ROE Onto Innovation ROE HP operating margin Onto Innovation operating margin HP revenue growth Onto Innovation revenue growth HP free cash flow Onto Innovation free cash flow

HP & Onto Innovation appear in these rankings

Highest Dividend Yield Stocks Highest ROIC Stocks Highest FCF Yield Stocks Best 10-Year Total Return Stocks

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 30, 2026.