Is ONTO or ZBRA cheaper?

On trailing earnings, ZBRA is cheaper: ONTO trades at a 130.16 P/E and ZBRA at 32.20.

Which has grown faster, ONTO or ZBRA?

Over the past five years, ONTO grew revenue faster — ONTO at a 11.93% CAGR versus ZBRA at 3.31%.

Is ONTO or ZBRA more profitable?

ONTO runs the higher net margin — ONTO at 10.33% versus ZBRA at 7.49%.

Which has been the better investment, ONTO or ZBRA?

Over the past 10-year, ONTO delivered the higher annualized total return — ONTO at 28.91% versus ZBRA at 17.85%. Past performance doesn't predict future results.

Onto Innovation Inc. (ONTO) vs Zebra Technologies Corporation (ZBRA)

ZBRA leads on 9 of 15 compared metrics.

A side-by-side comparison of Onto Innovation Inc. and Zebra Technologies Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ONTO

Onto Innovation Inc.

$13.86B

$278.54TechnologyDelayed quote: Jul 20, 2026, 4:00 PM EDT

ZBRA

Zebra Technologies Corporation

$12.61B

$264.69TechnologyAt close: Jul 20, 2026, 4:00 PM ET

Total return — ONTO vs ZBRA

growth of $100 · dividends reinvested · last 30y

ONTO +5613.6%ZBRA +3455.5%ONTO compounded faster

ONTO ZBRA

ONTO vs ZBRA: by the numbers

•ONTO is the larger company ($13.86B vs $12.61B market cap).
•ZBRA trades at the lower earnings multiple (32.20 vs 130.16 P/E).
•ONTO converts more revenue to profit (10.33% vs 7.49% net margin).
•ONTO grew revenue faster over the past five years (11.93% vs 3.31% CAGR).

Which is better, ONTO or ZBRA?

Metric tally: ONTO 6 · ZBRA 9

It depends on what you're optimizing for:

ValueZBRA(lower P/E)

GrowthONTO(faster 5Y revenue CAGR)

QualityZBRA(higher ROIC)

Metrics side by side

Valuation

Metric	ONTO	ZBRA
P/E ratio	130.16	32.20●
Forward P/E	56.06	14.25●
P/S ratio	13.51	2.40●
P/B ratio	6.53	3.86●
EV / EBITDA	72.58	16.09●
FCF yield	1.71%	6.23%●

Profitability

Metric	ONTO	ZBRA
Gross margin	48.80%●	47.47%
Operating margin	10.53%	14.38%●
Net margin	10.33%●	7.49%
ROE	4.99%	12.05%●
ROIC	5.18%	8.81%●

Growth (annualized)

Metric	ONTO	ZBRA
Revenue CAGR (5Y)	11.93%●	3.31%
EPS CAGR (5Y)	-0.96%●	-2.66%
FCF CAGR (5Y)	11.03%●	-3.79%
Total return CAGR (5Y)	33.83%●	-12.62%

Frequently asked

Which is better, ONTO or ZBRA?: It depends on your goal. value: ZBRA (lower P/E); growth: ONTO (faster 5Y revenue CAGR); quality: ZBRA (higher ROIC). Across all compared metrics, ZBRA leads 9 to 6.
Is ONTO or ZBRA cheaper?: On trailing earnings, ZBRA is cheaper: ONTO trades at a 130.16 P/E and ZBRA at 32.20.
Which has grown faster, ONTO or ZBRA?: Over the past five years, ONTO grew revenue faster — ONTO at a 11.93% CAGR versus ZBRA at 3.31%.
Is ONTO or ZBRA more profitable?: ONTO runs the higher net margin — ONTO at 10.33% versus ZBRA at 7.49%.
Which has been the better investment, ONTO or ZBRA?: Over the past 10-year, ONTO delivered the higher annualized total return — ONTO at 28.91% versus ZBRA at 17.85%. Past performance doesn't predict future results.

Go deeper

Full ONTO analysis Full ZBRA analysis Interactive comparison tool

Dig into the metrics

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

Onto Innovation & Zebra Technologies appear in these rankings

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 July 20, 2026.