Advanced Energy Industries (AEIS) vs Onto Innovation (ONTO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 21, 2026.
Summary
Onto Innovation (ONTO) has outperformed Advanced Energy Industries (AEIS) over the past year, gaining 65.4% versus a gain of 25.9%. Over five years, ONTO leads with a +180.4% price change compared with +169.6% for AEIS. Onto Innovation is the larger company by market cap ($10.90 billion vs $9.91 billion), about 1.1 times the size, while Advanced Energy Industries is growing revenue faster (+21.4% vs +1.8%).
On valuation, Advanced Energy Industries trades at a lower forward P/E (16.0x vs 19.0x for Onto Innovation). Advanced Energy Industries pays a dividend yielding 0.16%, while Onto Innovation does not currently pay one. Onto Innovation converts more of its revenue into profit, with a net margin of 13.6% versus 8.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AEIS | ONTO |
|---|---|---|
| Share price | $247.55 | $222.14 |
| Market cap | $9.91B | $10.90B |
| 1-day change | +3.30% | +1.15% |
| YTD return | +18.24% | +40.72% |
| 1-year return | +25.93% | +65.38% |
| 5-year return | +169.60% | +180.44% |
| P/E ratio (TTM) | 44.36 | 82.58 |
| Forward P/E | 15.96 | 18.99 |
| EPS (TTM) | $5.58 | $2.69 |
| Dividend yield | 0.16% | 0.00% |
| Annual dividend | $0.40 | $0.00 |
| Revenue (latest FY) | $1.80B | $1.01B |
| Revenue growth (YoY) | +21.38% | +1.82% |
| Net income (latest FY) | $148.40M | $136.76M |
| Gross margin | 37.66% | 49.72% |
| Operating margin | 9.34% | 13.22% |
| Net margin | 8.25% | 13.60% |
| 52-week high | $397.44 | $386.46 |
| 52-week low | $185.52 | $118.97 |
| Distance from 52-week high | -37.71% | -42.52% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +69.80% | +74.44% |
| Average volume | 588.36K | 1.02M |
| Shares outstanding | 40.05M | 49.07M |
| Employees | 13,000 | 1,867 |
| Sector | Technology | Industrials |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ONTO has outperformed AEIS by 39.5 percentage points over the past year.
- Onto Innovation trades at a higher earnings multiple (82.6x vs 44.4x trailing P/E).
- Onto Innovation is more profitable, keeping 13.6 cents of every revenue dollar as net income versus 8.2 cents for Advanced Energy Industries.
- Advanced Energy Industries grew revenue faster in its latest fiscal year (+21.38% vs +1.82%).
- The two companies sit in different sectors: Advanced Energy Industries in Technology and Onto Innovation in Industrials.
About Advanced Energy Industries
AEIS stock →Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, and internationally.
Technology · Industrial Machinery/Components · 13,000 employees
About Onto Innovation
ONTO stock →Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.
Industrials · Industrial Machinery/Components · 1,867 employees
AEIS vs ONTO FAQ
Which is bigger, Advanced Energy Industries or Onto Innovation?
Onto Innovation (ONTO) is larger, with a market capitalization of $10.90B compared with $9.91B for Advanced Energy Industries (AEIS).
Which stock has performed better over the past year, AEIS or ONTO?
ONTO returned +65.38% over the past 12 months, compared with +25.93% for AEIS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AEIS or ONTO?
AEIS has the lower trailing P/E at 44.4, versus 82.6 for ONTO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Advanced Energy Industries or Onto Innovation?
Advanced Energy Industries pays a dividend yielding 0.16%, while Onto Innovation does not currently pay a regular dividend.
Are Advanced Energy Industries and Onto Innovation in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Technology sector.