Is ONTO or TOST cheaper?

On trailing earnings, TOST is cheaper: ONTO trades at a 147.61 P/E and TOST at 37.71.

Which has grown faster, ONTO or TOST?

Over the past five years, TOST grew revenue faster — ONTO at a 11.93% CAGR versus TOST at 48.05%.

Is ONTO or TOST more profitable?

ONTO runs the higher net margin — ONTO at 10.33% versus TOST at 6.39%.

Onto Innovation Inc. (ONTO) vs Toast, Inc. (TOST)

TOST leads on 8 of 11 compared metrics.

A side-by-side comparison of Onto Innovation Inc. and Toast, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — ONTO vs TOST

growth of $100 · last 5y

ONTO +324.7%TOST -60.8%ONTO compounded faster

Log scale — wide-divergence pair

ONTO TOST

ONTO vs TOST: by the numbers

•ONTO is the larger company ($15.71B vs $14.22B market cap).
•TOST trades at the lower earnings multiple (37.71 vs 147.61 P/E).
•ONTO converts more revenue to profit (10.33% vs 6.39% net margin).
•TOST grew revenue faster over the past five years (48.05% vs 11.93% CAGR).

Which is better, ONTO or TOST?

Metric tally: ONTO 3 · TOST 8

It depends on what you're optimizing for:

ValueTOST(lower P/E)

GrowthTOST(faster 5Y revenue CAGR)

QualityTOST(higher ROIC)

Metrics side by side

Valuation

Metric	ONTO	TOST
P/E ratio	147.61	37.71●
Forward P/E	—	18.22
P/S ratio	15.33	2.29●
P/B ratio	7.41	7.41
PEG ratio	4.29	0.04●
EV / EBITDA	74.74	28.91●
FCF yield	1.51%	4.43%●

Profitability

Metric	ONTO	TOST
Gross margin	48.80%●	26.23%
Operating margin	10.53%●	5.63%
Net margin	10.33%●	6.39%
ROE	4.99%	20.70%●
ROIC	5.18%	13.85%●

Growth (annualized)

Metric	ONTO	TOST
Revenue CAGR (5Y)	11.93%	48.05%●
EPS CAGR (5Y)	34.40%	—
FCF CAGR (5Y)	11.03%	—
Total return CAGR (5Y)	35.37%	—

Frequently asked

Which is better, ONTO or TOST?: It depends on your goal. value: TOST (lower P/E); growth: TOST (faster 5Y revenue CAGR); quality: TOST (higher ROIC). Across all compared metrics, TOST leads 8 to 3.
Is ONTO or TOST cheaper?: On trailing earnings, TOST is cheaper: ONTO trades at a 147.61 P/E and TOST at 37.71.
Which has grown faster, ONTO or TOST?: Over the past five years, TOST grew revenue faster — ONTO at a 11.93% CAGR versus TOST at 48.05%.
Is ONTO or TOST more profitable?: ONTO runs the higher net margin — ONTO at 10.33% versus TOST at 6.39%.

Go deeper

Full ONTO analysis Full TOST analysis Interactive comparison tool

Dig into the metrics

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

Onto Innovation & Toast appear in these rankings

Fastest Revenue Growth 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 24, 2026.