Quick verdict: CRUS vs ONTO in 2026

In our comprehensive CRUS vs ONTO stock comparison 2026, Cirrus Logic (CRUS) demonstrates a clear fundamental advantage in profitability and valuation metrics. CRUS stands out as the growth leader in terms of current revenue expansion and the value leader with a significantly lower P/E ratio, while also being the margin leader with superior net and EBITDA margins. Onto Innovation (ONTO), however, is undeniably the analyst favourite, boasting a 100% buy rating and offering substantial price target upside. Not investment advice.

CRUS vs ONTO: key metrics side by side

Full side-by-side comparison of CRUS and ONTO across valuation, profitability, growth and analyst sentiment. Data updated 2026-05-08.

CRUS vs ONTO valuation comparison

When assessing the CRUS vs ONTO fundamentals and valuation, Cirrus Logic (CRUS) presents a significantly more attractive profile. CRUS trades at a P/E ratio of 21.05x, which is considerably lower than Onto Innovation’s (ONTO) P/E of 128.16x. This vast difference suggests that CRUS is currently valued more conservatively by the market relative to its earnings. Similarly, CRUS’s P/B ratio of 4.1x is also lower than ONTO’s 6.4x, further reinforcing CRUS’s position as the cheaper stock based on book value.

From a discounted cash flow (DCF) perspective, the disparity is even starker. CRUS’s DCF analysis suggests an implied downside of -4.5% from its current price of $171.68, indicating that it is trading near its intrinsic value. In contrast, ONTO’s DCF valuation points to a substantial implied downside of -78.1% from its current price of $274.17. This suggests that ONTO may be significantly overvalued compared to its projected future cash flows. Therefore, for investors prioritizing valuation, CRUS clearly holds the advantage over ONTO.

CRUS vs ONTO growth comparison

In terms of revenue growth, Cirrus Logic (CRUS) demonstrates stronger momentum compared to Onto Innovation (ONTO). CRUS reported a year-over-year revenue growth of +5.3%, outperforming ONTO’s +1.8% revenue growth. Furthermore, CRUS boasts a larger revenue base, with $2.00 billion in TTM revenue compared to ONTO’s $1.01 billion. This indicates that CRUS is not only growing at a faster pace but is also a larger established player in its market segment.

Beyond top-line growth, CRUS also exhibits superior operational efficiency which contributes to its overall financial health. CRUS’s EBITDA margin stands at 25.21%, notably higher than ONTO’s 17.26%. This metric suggests that CRUS is more effective at converting its revenue into operating profit before non-operating expenses, further highlighting its stronger business fundamentals and potential for sustained growth. While both companies operate in the technology sector, CRUS appears to have a more robust growth trajectory supported by its current financial performance.

CRUS vs ONTO profitability

Evaluating the profitability of Cirrus Logic (CRUS) versus Onto Innovation (ONTO) reveals a distinct advantage for CRUS. CRUS’s net margin is an impressive 20.75%, more than double ONTO’s net margin of 10.33%. This signifies that CRUS retains a much larger portion of its revenue as profit, indicating superior cost management and pricing power. Furthermore, CRUS’s EBITDA margin of 25.21% also comfortably surpasses ONTO’s 17.26%, reflecting stronger core operational profitability.

When it comes to free cash flow (FCF) generation, a critical indicator of financial health and flexibility, CRUS again leads significantly. CRUS has a robust FCF yield of 7.27%, which is substantially higher than ONTO’s FCF yield of 1.75%. This indicates that CRUS is generating considerably more cash relative to its market capitalization, providing greater resources for reinvestment, debt reduction, or shareholder returns. Both companies have an N/A% for ROE, so this metric cannot be used for comparison, but the other profitability metrics clearly demonstrate CRUS as the more profitable entity.

Analyst ratings: CRUS vs ONTO

The analyst community presents a divided but interesting perspective in this crus vs onto stock comparison 2026. Cirrus Logic (CRUS) is covered by 22 analysts, with 68.2% recommending a “Buy” rating, aligning with a general “Buy” consensus. However, their average price target for CRUS is $169, which implies a slight downside of -1.6% from its current price of $171.68. This suggests that while analysts are largely positive on the company, they anticipate limited short-term upside.

Conversely, Onto Innovation (ONTO) benefits from unanimous support among its covering analysts. All 11 analysts rate ONTO as a “Buy,” leading to a 100.0% buy rating and a consensus of “Buy.” More notably, the average price target for ONTO is $331.67, representing a significant upside potential of +21.0% from its current price of $274.17. Despite CRUS’s stronger fundamentals in many areas, analysts clearly favor ONTO for its potential future price appreciation, suggesting strong confidence in its growth prospects or recovery.

Should I buy CRUS or ONTO stock in 2026?

Deciding whether should I buy CRUS or ONTO stock in 2026 depends heavily on an investor’s individual strategy and risk tolerance. For growth-oriented investors looking at current performance, CRUS appears to be the stronger contender due to its higher revenue growth rate of 5.3% compared to ONTO’s 1.8%. This suggests CRUS has better current operational momentum, which could translate into more consistent earnings growth. However, if an investor believes in the significant future potential of ONTO, especially given the analysts’ target upside, they might consider ONTO, albeit with potentially higher risk given its current valuation.

For value investors, the choice is more straightforward: CRUS offers a far more compelling proposition. Its P/E ratio of 21.05x is substantially lower than ONTO’s 128.16x, and its P/B ratio of 4.1x is also more attractive than ONTO’s 6.4x. Furthermore, CRUS’s DCF implies only a -4.5% downside, while ONTO’s DCF suggests a significant -78.1% overvaluation. These metrics indicate that CRUS is trading at a more reasonable price relative to its earnings and assets, making it a better fit for those seeking value.

For income-focused investors, neither CRUS nor ONTO would be a suitable choice, as both companies currently have a dividend yield of 0%. Both companies appear to be reinvesting their earnings back into the business rather than distributing them as dividends. Therefore, investors seeking regular income from their stock holdings will need to look elsewhere. This is not investment advice; always conduct your own thorough research.

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