Forgent Power Solutions (FPS) vs Onto Innovation (ONTO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Onto Innovation is the larger company by market cap ($14.36 billion vs $12.70 billion), about 1.1 times the size, while Forgent Power Solutions is growing revenue faster (+88.5% vs +1.8%). On valuation, Forgent Power Solutions trades at a lower forward P/E (19.8x vs 25.0x for Onto Innovation). Onto Innovation converts more of its revenue into profit, with a net margin of 13.6% versus 5.8%.
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 | FPS | ONTO |
|---|---|---|
| Share price | $39.80 | $292.67 |
| Market cap | $12.70B | $14.36B |
| 1-day change | -2.09% | -3.85% |
| YTD return | — | +85.40% |
| 1-year return | — | +110.37% |
| 5-year return | — | +305.36% |
| P/E ratio (TTM) | 132.67 | 110.03 |
| Forward P/E | 19.78 | 25.02 |
| EPS (TTM) | $0.30 | $2.66 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.42B | $1.01B |
| Revenue growth (YoY) | +88.54% | +1.82% |
| Net income (latest FY) | $81.84M | $136.76M |
| Gross margin | 35.04% | 49.72% |
| Operating margin | 12.85% | 13.22% |
| Net margin | 5.76% | 13.60% |
| 52-week high | $66.00 | $386.46 |
| 52-week low | $25.95 | $118.97 |
| Distance from 52-week high | -39.70% | -24.27% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +40.08% | +32.40% |
| Average volume | 8.48M | 991.18K |
| Shares outstanding | 274.53M | 49.07M |
| Employees | 3,000 | 1,867 |
| Sector | Energy | 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 Innovation is more profitable, keeping 13.6 cents of every revenue dollar as net income versus 5.8 cents for Forgent Power Solutions.
- Forgent Power Solutions grew revenue faster in its latest fiscal year (+88.54% vs +1.82%).
- The two companies sit in different sectors: Forgent Power Solutions in Energy and Onto Innovation in Industrials.
About Forgent Power Solutions
FPS stock →Forgent Power Solutions, Inc. engages in the design and manufacture of electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities.
Energy · Industrial Machinery/Components · 3,000 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
FPS vs ONTO FAQ
Which is bigger, Forgent Power Solutions or Onto Innovation?
Onto Innovation (ONTO) is larger, with a market capitalization of $14.36B compared with $12.70B for Forgent Power Solutions (FPS).
Which has the lower P/E ratio, FPS or ONTO?
ONTO has the lower trailing P/E at 110.0, versus 132.7 for FPS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Forgent Power Solutions and Onto Innovation in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Energy sector.