Hesai Group (HSAI) 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 (ONTO) has outperformed Hesai Group (HSAI) over the past year, gaining 110.4% versus a loss of 41.9%. Hesai Group is the larger company by market cap ($19.62 billion vs $14.36 billion), about 1.4 times the size. On valuation, Hesai Group trades at a lower forward P/E (17.8x vs 25.0x for Onto Innovation).
Hesai Group converts more of its revenue into profit, with a net margin of 14.4% versus 13.6%.
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 | HSAI | ONTO |
|---|---|---|
| Share price | $15.61 | $292.67 |
| Market cap | $19.62B | $14.36B |
| 1-day change | -2.44% | -3.85% |
| YTD return | -30.31% | +85.40% |
| 1-year return | -41.91% | +110.37% |
| 5-year return | — | +305.36% |
| P/E ratio (TTM) | 33.21 | 110.03 |
| Forward P/E | 17.79 | 25.02 |
| EPS (TTM) | $0.47 | $2.66 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $432.94M | $1.01B |
| Revenue growth (YoY) | +52.14% | +1.82% |
| Net income (latest FY) | $62.33M | $136.76M |
| Gross margin | 41.79% | 49.72% |
| Operating margin | 5.57% | 13.22% |
| Net margin | 14.40% | 13.60% |
| 52-week high | $29.35 | $386.46 |
| 52-week low | $14.29 | $118.97 |
| Distance from 52-week high | -46.81% | -24.27% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +81.87% | +32.40% |
| Average volume | 1.42M | 991.18K |
| Shares outstanding | 1.04B | 49.07M |
| Employees | 1,249 | 1,867 |
| Sector | Industrials | 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 HSAI by 152.3 percentage points over the past year.
- Onto Innovation trades at a higher earnings multiple (110.0x vs 33.2x trailing P/E).
- Hesai Group grew revenue faster in its latest fiscal year (+52.14% vs +1.82%).
About Hesai Group
HSAI stock →Hesai Group, through with its subsidiaries, engages in the development, manufacturing, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally. The company provides gas sensor products, validation services, solution service, and other services, as well as designs and develops engineering products.
Industrials · Industrial Machinery/Components · 1,249 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
HSAI vs ONTO FAQ
Which is bigger, Hesai Group or Onto Innovation?
Hesai Group (HSAI) is larger, with a market capitalization of $19.62B compared with $14.36B for Onto Innovation (ONTO).
Which stock has performed better over the past year, HSAI or ONTO?
ONTO returned +110.37% over the past 12 months, compared with -41.91% for HSAI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HSAI or ONTO?
HSAI has the lower trailing P/E at 33.2, versus 110.0 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.
Are Hesai Group and Onto Innovation in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.