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ON Semiconductor Corporation(ON)Earnings, Financials & Key Ratios
ON•NASDAQ
$100.58
$39.42B mkt cap·346.8× P/E·Price updated May 7, 2026
AboutON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company operates through three segments the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group segments. It offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, including silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Phoenix, Arizona.Show more
- Revenue$6B-15.3%
- EBITDA$1.43B-40.5%
- Net Income$121M-92.3%
- EPS (Diluted)0.29-92.0%
- Gross Margin32.29%-28.9%
- EBITDA Margin23.91%-29.7%
- Operating Margin12.47%-50.0%
- Net Margin2.02%-90.9%
- ROE1.47%-92.3%
- ROIC6.06%-58.5%
- Debt/Equity0.45+18.0%
- Interest Coverage2.85-90.6%
ON Key Insights
ON Semiconductor Corporation (ON) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 23.7% free cash flow margin
- ✓Momentum leader: RS Rating 94 (top 6%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Good 3Y average ROE of 17.2%
- ✓Share count reduced 4.8% through buybacks
- ✓Healthy 5Y average net margin of 17.7%
✗Weaknesses
- ✗Profits declining 12.4% over 5 years
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ON Price & Volume
ON Semiconductor Corporation (ON) stock price & volume — 10-year historical chart
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ON Growth Metrics
ON Semiconductor Corporation (ON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.54%
5 Years2.67%
3 Years-10.37%
TTM-9.04%
Profit CAGR
10 Years-5.19%
5 Years-12.37%
3 Years-60.08%
TTM-9.47%
EPS CAGR
10 Years-4.91%
5 Years-12.33%
3 Years-59.14%
TTM-2.08%
Return on Capital
10 Years13.79%
5 Years17.73%
3 Years15.11%
Last Year6.23%
ON Recent Earnings
ON Semiconductor Corporation (ON) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 4, 2026EPS
$0.64
Est $0.61
+4.4%
Revenue
$1.5B
Est $1.5B
+1.7%
Q1 2026
Feb 9, 2026EPS
$0.64
Est $0.62
+2.6%
Revenue
$1.5B
Est $1.5B
-0.4%
Q4 2025
Nov 3, 2025EPS
$0.63
Est $0.59
+6.8%
Revenue
$1.6B
Est $1.5B
+2.2%
Q3 2025
Aug 4, 2025EPS
$0.53
Est $0.53
-0.4%
Revenue
$1.5B
Est $1.5B
+1.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.64vs $0.61+4.4% | $1.5Bvs $1.5B+1.7% |
| Q1 2026 | Feb 9, 2026 | $0.64vs $0.62+2.6% | $1.5Bvs $1.5B-0.4% |
| Q4 2025 | Nov 3, 2025 | $0.63vs $0.59+6.8% | $1.6Bvs $1.5B+2.2% |
| Q3 2025 | Aug 4, 2025 | $0.53vs $0.53-0.4% | $1.5Bvs $1.5B+1.1% |
Based on last 12 quarters of dataView full earnings history →
ON Peer Comparison
ON Semiconductor Corporation (ON) competitors in Power Semiconductors and Discretes — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 STM | 49.68B | 55.90 | 310.56 | -10.8% | 1.17% | 0.79% | 0.12 | |
 WOLF | 2.03B | 45.06 | -1.32 | -6.14% | -222.23% | -52.09% | ||
 DIOD | 5.18B | 112.59 | 78.73 | 13.04% | 5.5% | 4.37% | 0.05 | |
 MPWR | 77.41B | 1575.96 | 123.60 | 26.43% | 22.07% | 17.89% | 0.01 | |
 POWI | 4B | 71.83 | 184.18 | 5.85% | 3.72% | 2.44% | ||
 TXN | 259.7B | 285.24 | 52.34 | 13.05% | 29.11% | 32.49% | 0.95 | |
 NXPI | 73.3B | 290.35 | 36.52 | -2.74% | 21.03% | 25.21% | 1.17 | |
 MCHP | 54.97B | 101.58 | -9999 | -42.35% | -2.21% | -1.42% | 0.80 |
Compare ON vs Peers
ON Semiconductor Corporation (ON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ON Income Statement
ON Semiconductor Corporation (ON) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 5.54B | 5.88B | 5.52B | 5.25B | 6.74B | 8.33B | 8.25B | 7.08B | 6B | 6.06B |
| Revenue Growth % | 41.88% | 6.05% | -6.13% | -4.76% | 28.26% | 23.54% | -0.88% | -14.19% | -15.35% | -9.04% |
| Cost of Goods Sold | 3.51B | 3.64B | 3.54B | 3.54B | 4.03B | 4.25B | 4.37B | 3.87B | 4.06B | 3.81B |
| COGS % of Revenue | 63.28% | 61.92% | 64.23% | 67.35% | 59.73% | 51.03% | 52.94% | 54.59% | 67.71% | - |
| Gross Profit | 2.04B▲ 0% | 2.24B▲ 10.0% | 1.97B▼ 11.8% | 1.72B▼ 13.1% | 2.71B▲ 58.2% | 4.08B▲ 50.2% | 3.88B▼ 4.8% | 3.22B▼ 17.2% | 1.94B▼ 39.8% | 2.26B▲ 0% |
| Gross Margin % | 36.72% | 38.08% | 35.77% | 32.65% | 40.27% | 48.97% | 47.06% | 45.41% | 32.29% | 37.22% |
| Gross Profit Growth % | 56.52% | 9.98% | -11.84% | -13.06% | 58.19% | 50.21% | -4.75% | -17.19% | -39.8% | - |
| Operating Expenses | 1.32B | 1.38B | 1.34B | 1.37B | 1.43B | 1.72B | 1.34B | 1.45B | 1.19B | 1.6B |
| OpEx % of Revenue | 23.82% | 23.48% | 24.3% | 26.02% | 21.17% | 20.62% | 16.29% | 20.45% | 19.82% | - |
| Selling, General & Admin | 601.6M | 618M | 585M | 537.4M | 598.4M | 631.1M | 641.5M | 649.8M | 604.8M | 604.5M |
| SG&A % of Revenue | 10.85% | 10.51% | 10.6% | 10.23% | 8.88% | 7.58% | 7.77% | 9.18% | 10.09% | - |
| Research & Development | 594.7M | 650.7M | 640.9M | 642.9M | 655M | 600.2M | 577.3M | 612.7M | 583.6M | 563.8M |
| R&D % of Revenue | 10.73% | 11.07% | 11.61% | 12.23% | 9.72% | 7.21% | 7% | 8.65% | 9.73% | - |
| Other Operating Expenses | 123.8M | 111.7M | 115.2M | 186.8M | 173.3M | 485.9M | 126M | 185.9M | 0 | 3M |
| Operating Income | 715.5M▲ 0% | 858.3M▲ 20.0% | 632.5M▼ 26.3% | 348.7M▼ 44.9% | 1.29B▲ 269.3% | 2.36B▲ 83.3% | 2.54B▲ 7.6% | 1.77B▼ 30.4% | 747.6M▼ 57.7% | 657.4M▲ 0% |
| Operating Margin % | 12.91% | 14.6% | 11.46% | 6.64% | 19.1% | 28.34% | 30.76% | 24.96% | 12.47% | 10.84% |
| Operating Income Growth % | 153.54% | 19.96% | -26.31% | -44.87% | 269.26% | 83.29% | 7.57% | -30.37% | -57.71% | - |
| EBITDA | 1.2B | 1.37B | 1.23B | 973.8M | 1.88B | 2.91B | 3.15B | 2.41B | 1.43B | 1.19B |
| EBITDA Margin % | 21.6% | 23.25% | 22.21% | 18.53% | 27.96% | 34.97% | 38.15% | 34.04% | 23.91% | 19.56% |
| EBITDA Growth % | 85.27% | 14.16% | -10.34% | -20.54% | 93.5% | 54.53% | 8.12% | -23.43% | -40.53% | -10.51% |
| D&A (Non-Cash Add-back) | 481.9M | 508.7M | 593.1M | 625.1M | 596.7M | 551.8M | 609.5M | 642.9M | 686M | 528.3M |
| EBIT | 688.7M | 883.2M | 424.9M | 345M | 1.29B | 2.46B | 2.61B | 1.9B | 202.2M | 688M |
| Net Interest Income | -138.2M | -122.1M | -138.1M | -163.5M | -129M | -79.4M | 18.3M | 49.1M | 24.2M | 20.6M |
| Interest Income | 3M | 6.1M | 10.2M | 4.9M | 1.4M | 15.5M | 93.1M | 111.4M | 95.1M | 86.2M |
| Interest Expense | 141.2M | 128.2M | 148.3M | 168.4M | 130.4M | 94.9M | 74.8M | 62.3M | 70.9M | 65.6M |
| Other Income/Expense | -168M | -103.3M | -355.9M | -172.1M | -129.8M | 2.2M | -2.9M | 69.7M | -616.3M | -9.7M |
| Pretax Income | 547.5M▲ 0% | 755M▲ 37.9% | 276.6M▼ 63.4% | 176.6M▼ 36.2% | 1.16B▲ 555.6% | 2.36B▲ 104.0% | 2.54B▲ 7.3% | 1.84B▼ 27.5% | 131.3M▼ 92.9% | 647.7M▲ 0% |
| Pretax Margin % | 9.88% | 12.84% | 5.01% | 3.36% | 17.18% | 28.37% | 30.73% | 25.94% | 2.19% | 10.68% |
| Income Tax | -265.5M | 125.1M | 62.7M | -59.8M | 146.6M | 458.4M | 350.2M | 262.8M | 7.7M | 71.8M |
| Effective Tax Rate % | -48.49% | 16.57% | 22.67% | -33.86% | 12.66% | 19.41% | 13.81% | 14.3% | 5.86% | 11.09% |
| Net Income | 810.7M▲ 0% | 627.4M▼ 22.6% | 211.7M▼ 66.3% | 234.2M▲ 10.6% | 1.01B▲ 331.1% | 1.9B▲ 88.4% | 2.18B▲ 14.8% | 1.57B▼ 28.0% | 121M▼ 92.3% | 573.7M▲ 0% |
| Net Margin % | 14.63% | 10.67% | 3.84% | 4.46% | 14.98% | 22.85% | 26.46% | 22.21% | 2.02% | 9.46% |
| Net Income Growth % | 345.19% | -22.61% | -66.26% | 10.63% | 331.08% | 88.41% | 14.8% | -27.98% | -92.31% | -9.47% |
| Net Income (Continuing) | 813M | 629.9M | 213.9M | 236.4M | 1.01B | 1.9B | 2.19B | 1.57B | 123.6M | 575.9M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 22.2M | 22.5M | 22.4M | 19.6M | 19M | 18.5M | 18M | 18.1M | 18.6M | 19.1M |
| EPS (Diluted) | 1.89▲ 0% | 1.44▼ 23.8% | 0.51▼ 64.6% | 0.56▲ 9.8% | 2.27▲ 305.4% | 4.25▲ 87.2% | 4.89▲ 15.1% | 3.63▼ 25.8% | 0.29▼ 92.0% | 1.46▲ 0% |
| EPS Growth % | 339.53% | -23.81% | -64.58% | 9.8% | 305.36% | 87.22% | 15.06% | -25.77% | -92.01% | -2.08% |
| EPS (Basic) | 1.92 | 1.48 | 0.52 | 0.57 | 2.37 | 4.39 | 5.07 | 3.68 | 0.29 | - |
| Diluted Shares Outstanding | 428.3M | 435.9M | 416M | 418.8M | 443.8M | 448.2M | 446.8M | 432.7M | 411.8M | 394.1M |
| Basic Shares Outstanding | 421.9M | 423.8M | 410.9M | 410.7M | 425.7M | 433.2M | 430.7M | 427.4M | 411M | 394.1M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
ON Balance Sheet
ON Semiconductor Corporation (ON) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.93B | 3.17B | 3.02B | 3.18B | 3.78B | 5.73B | 5.91B | 6.75B | 5.82B | 5.78B |
| Cash & Short-Term Investments | 949.2M | 1.07B | 894.2M | 1.08B | 1.35B | 2.92B | 2.48B | 2.99B | 2.55B | 2.4B |
| Cash Only | 949.2M | 1.07B | 894.2M | 1.08B | 1.35B | 2.92B | 2.48B | 2.69B | 2.15B | 2B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300M | 400M | 400M |
| Accounts Receivable | 701.5M | 686M | 705M | 676M | 809.4M | 842.3M | 935.4M | 1.16B | 955.4M | 862.8M |
| Days Sales Outstanding | 46.19 | 42.6 | 46.63 | 46.95 | 43.83 | 36.92 | 41.37 | 59.79 | 58.16 | 56.19 |
| Inventory | 1.09B | 1.23B | 1.23B | 1.25B | 1.38B | 1.62B | 2.11B | 2.24B | 1.99B | 2.05B |
| Days Inventory Outstanding | 113.38 | 122.87 | 126.92 | 129.06 | 125.08 | 138.89 | 176.41 | 211.66 | 178.89 | 195.94 |
| Other Current Assets | 193M | 187M | 188.4M | 176M | 240.1M | 351.3M | 382.1M | 358.6M | 329.1M | 460M |
| Total Non-Current Assets | 4.26B | 4.42B | 5.41B | 5.48B | 5.83B | 6.25B | 7.3B | 7.34B | 6.7B | 6.24B |
| Property, Plant & Equipment | 2.28B | 2.55B | 2.59B | 2.51B | 2.55B | 3.5B | 4.44B | 4.4B | 3.39B | 3.04B |
| Fixed Asset Turnover | 2.43x | 2.31x | 2.13x | 2.09x | 2.65x | 2.38x | 1.86x | 1.61x | 1.77x | 1.76x |
| Goodwill | 916.9M | 932.5M | 1.66B | 1.66B | 1.94B | 1.58B | 1.58B | 1.59B | 1.68B | 1.68B |
| Intangible Assets | 628.3M | 566.4M | 590.5M | 469M | 484.1M | 359.7M | 299.3M | 257.9M | 343.9M | 332.2M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 98.5M | 105.1M | 256.4M | 410.2M | 498.3M | 438.6M | 381.3M | 360.2M | 356M | 1.26B |
| Total Assets | 7.2B▲ 0% | 7.59B▲ 5.5% | 8.43B▲ 11.0% | 8.67B▲ 2.9% | 9.63B▲ 11.1% | 11.98B▲ 24.4% | 13.22B▲ 10.3% | 14.09B▲ 6.6% | 12.52B▼ 11.1% | 12.01B▲ 0% |
| Asset Turnover | 0.77x | 0.77x | 0.65x | 0.61x | 0.70x | 0.70x | 0.62x | 0.50x | 0.48x | 0.48x |
| Asset Growth % | 3.91% | 5.46% | 11.04% | 2.88% | 11.05% | 24.44% | 10.32% | 6.62% | -11.11% | -30.95% |
| Total Current Liabilities | 1.41B | 1.47B | 1.82B | 1.68B | 1.54B | 2.06B | 2.18B | 1.33B | 1.29B | 1.19B |
| Accounts Payable | 548M | 671.7M | 543.6M | 572.9M | 635.1M | 852.1M | 725.6M | 574.5M | 572.3M | 486.1M |
| Days Payables Outstanding | 57.03 | 67.36 | 55.98 | 59.08 | 57.59 | 73.2 | 60.61 | 54.24 | 51.46 | 48.23 |
| Short-Term Debt | 248.1M | 138.5M | 736M | 531.6M | 160.7M | 147.8M | 794M | 0 | 34.4M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 87.6M | 98.2M | 51.8M | 124.3M |
| Other Current Liabilities | 381.1M | 380.1M | 362.9M | 377.7M | 425.9M | 491.4M | 354.4M | 502.2M | 437.2M | 0 |
| Current Ratio | 2.08x | 2.16x | 1.66x | 1.89x | 2.45x | 2.78x | 2.71x | 5.06x | 4.52x | 4.52x |
| Quick Ratio | 1.31x | 1.32x | 0.98x | 1.15x | 1.56x | 2.00x | 1.74x | 3.38x | 2.98x | 2.98x |
| Cash Conversion Cycle | 102.54 | 98.1 | 117.57 | 116.93 | 111.33 | 102.61 | 157.16 | 217.21 | 185.6 | 203.9 |
| Total Non-Current Liabilities | 2.99B | 2.92B | 3.28B | 3.44B | 3.48B | 3.71B | 3.23B | 3.94B | 3.54B | 3.5B |
| Long-Term Debt | 2.7B | 2.63B | 2.88B | 2.96B | 2.91B | 3.05B | 2.54B | 3.35B | 3.19B | 2.98B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 10.2M | 23M | 22.4M | 20.7M | 238.3M | 529.4M |
| Deferred Tax Liabilities | 55.1M | 54.8M | 60.2M | 57.3M | 43.2M | 34.1M | 38.7M | 37.6M | 41.7M | 169.2M |
| Other Non-Current Liabilities | 226.4M | 241.8M | 346.3M | 418.4M | 510.9M | 607.3M | 627.3M | 536.3M | -300K | 873.2M |
| Total Liabilities | 4.39B | 4.39B | 5.1B | 5.11B | 5.02B | 5.77B | 5.41B | 5.28B | 4.83B | 4.69B |
| Total Debt | 2.95B | 2.77B | 3.61B | 3.49B | 3.1B | 3.23B | 3.36B | 3.37B | 3.47B | 3.01B |
| Net Debt | 2B | 1.7B | 2.72B | 2.41B | 1.74B | 311.7M | 876.8M | 675.6M | 1.32B | 1B |
| Debt / Equity | 1.05x | 0.87x | 1.09x | 0.98x | 0.67x | 0.52x | 0.43x | 0.38x | 0.45x | 0.45x |
| Debt / EBITDA | 2.47x | 2.02x | 2.95x | 3.59x | 1.64x | 1.11x | 1.07x | 1.40x | 2.42x | 2.54x |
| Net Debt / EBITDA | 1.67x | 1.24x | 2.22x | 2.48x | 0.93x | 0.11x | 0.28x | 0.28x | 0.92x | 0.92x |
| Interest Coverage | 4.88x | 6.89x | 2.87x | 2.05x | 9.88x | 25.89x | 34.90x | 30.49x | 2.85x | 10.49x |
| Total Equity | 2.8B▲ 0% | 3.19B▲ 14.0% | 3.32B▲ 4.1% | 3.56B▲ 7.0% | 4.6B▲ 29.4% | 6.21B▲ 34.8% | 7.8B▲ 25.7% | 8.81B▲ 13.0% | 7.69B▼ 12.7% | 7.32B▲ 0% |
| Equity Growth % | 51.82% | 14.03% | 4.07% | 7.04% | 29.41% | 34.81% | 25.67% | 13% | -12.74% | -34.41% |
| Book Value per Share | 6.54 | 7.33 | 7.99 | 8.50 | 10.37 | 13.85 | 17.46 | 20.37 | 18.68 | 18.58 |
| Total Shareholders' Equity | 2.78B | 3.17B | 3.3B | 3.54B | 4.59B | 6.19B | 7.78B | 8.8B | 7.67B | 7.3B |
| Common Stock | 5.5M | 5.6M | 5.7M | 5.7M | 6M | 6.1M | 6.2M | 6.2M | 6.2M | 6.3M |
| Retained Earnings | 351.5M | 979.6M | 1.19B | 1.43B | 2.44B | 4.36B | 6.55B | 8.12B | 8.24B | 8.21B |
| Treasury Stock | -1.13B | -1.48B | -1.65B | -1.97B | -2.45B | -2.83B | -3.94B | -4.64B | -6.06B | -6.43B |
| Accumulated OCI | -40.6M | -37.9M | -54.3M | -57.6M | -40.6M | -23.2M | -45.2M | -62.4M | -55.5M | -61.7M |
| Minority Interest | 22.2M | 22.5M | 22.4M | 19.6M | 19M | 18.5M | 18M | 18.1M | 18.6M | 19.1M |
ON Cash Flow Statement
ON Semiconductor Corporation (ON) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.09B | 1.27B | 694.7M | 884.3M | 1.78B | 2.63B | 1.98B | 1.91B | 1.76B | 1.76B |
| Operating CF Margin % | 19.74% | 21.68% | 12.59% | 16.83% | 26.44% | 31.62% | 23.96% | 26.92% | 29.35% | - |
| Operating CF Growth % | 88.3% | 16.45% | -45.48% | 27.29% | 101.52% | 47.76% | -24.9% | -3.6% | -7.69% | -123.88% |
| Net Income | 813M | 629.9M | 213.9M | 236.4M | 1.01B | 1.9B | 2.19B | 1.57B | 121M | 573.7M |
| Depreciation & Amortization | 481.9M | 508.7M | 593.1M | 625.1M | 596.7M | 551.8M | 609.5M | 642.9M | 686M | 804.5M |
| Stock-Based Compensation | 69.8M | 78.3M | 79.4M | 67.7M | 101.3M | 100.8M | 121.1M | 136.1M | 0 | 109.9M |
| Deferred Taxes | -348.3M | 69.2M | 11.2M | -122.6M | 62.4M | 3.1M | -127.7M | -129.6M | -193.7M | -177.3M |
| Other Non-Cash Items | 104.8M | 57.8M | 63.8M | 76.4M | 69.3M | 324M | 51.7M | 64.4M | 653.5M | 254.8M |
| Working Capital Changes | -27M | -69.7M | -266.7M | 1.3M | -58.9M | -250.4M | -862.7M | -382M | 493M | -171.2M |
| Change in Receivables | -57.9M | -2.7M | 4.7M | 31.4M | -136.3M | -47.8M | -112.8M | -244.3M | 163.5M | -144.4M |
| Change in Inventory | -59.9M | -129.5M | 34.6M | -26.3M | -122.8M | -235.2M | -495.2M | -129.6M | 273.4M | 29M |
| Change in Payables | 51.8M | 44.8M | -79.9M | 34.2M | 70.7M | 38.2M | -91.7M | -62.5M | 136.9M | 59.6M |
| Cash from Investing | -364.5M | -548.9M | -1.51B | -453.6M | -915.1M | -705.4M | -1.74B | -1.01B | -538.5M | -340.3M |
| Capital Expenditures | -387.5M | -514.8M | -534.6M | -383.6M | -492M | -1.04B | -1.54B | -694M | -341.2M | 57.6M |
| CapEx % of Revenue | 6.99% | 8.76% | 9.69% | 7.3% | 7.3% | 12.44% | 18.65% | 9.8% | 5.69% | - |
| Acquisitions | 19.2M | -87.1M | -882.8M | 21.5M | -392.4M | 260.7M | -236.3M | -20.5M | -92.3M | 135.9M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 5.1M | 53M | -93.5M | -91.5M | 14M | 59.1M | 4M | 4.7M | -5M | -383.8M |
| Cash from Financing | -810.9M | -605.1M | 623.1M | -244M | -569.4M | -370M | -686.5M | -683.8M | -1.76B | -1.81B |
| Debt Issued (Net) | -734.1M | -286.7M | 809.6M | -165.9M | -483.2M | -41.5M | 106.3M | -2.2M | -376.7M | -376.3M |
| Equity Issued (Net) | 101.8M | -284.6M | -111.1M | -41.8M | 117.3M | -236.9M | -295.9M | -628.9M | -1.36B | -1.43B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -25M | -315.3M | -139M | -65.4M | 0 | -259.8M | -564.2M | -654.1M | -1.38B | -1.45B |
| Other Financing | -178.6M | -33.8M | -75.4M | -36.3M | -203.5M | -91.6M | -496.9M | -52.7M | -31.6M | -9.3M |
| Net Change in Cash | -78.9M▲ 0% | 120.5M▲ 252.7% | -192.9M▼ 260.1% | 187.3M▲ 197.1% | 296.2M▲ 58.1% | 1.56B▲ 425.1% | -448M▼ 128.8% | 208.4M▲ 146.5% | -544.4M▼ 361.2% | -760.1M▲ 0% |
| Free Cash Flow | 706.7M▲ 0% | 759.4M▲ 7.5% | 60.1M▼ 92.1% | 400.7M▲ 566.7% | 1.29B▲ 221.9% | 1.6B▲ 23.8% | 438.4M▼ 72.6% | 1.21B▲ 176.6% | 1.42B▲ 17.0% | 1.45B▲ 0% |
| FCF Margin % | 12.75% | 12.92% | 1.09% | 7.63% | 19.14% | 19.18% | 5.31% | 17.12% | 23.66% | 23.98% |
| FCF Growth % | 91.93% | 7.46% | -92.09% | 566.72% | 221.94% | 23.81% | -72.55% | 176.55% | 17.01% | 3.7% |
| FCF per Share | 1.65 | 1.74 | 0.14 | 0.96 | 2.91 | 3.56 | 0.98 | 2.80 | 3.44 | 3.44 |
| FCF Conversion (FCF/Net Income) | 1.35x | 2.03x | 3.28x | 3.78x | 1.77x | 1.38x | 0.91x | 1.21x | 14.54x | 2.53x |
| Interest Paid | 92.1M | 80M | 0 | 0 | 96.9M | 80.7M | 73.2M | 62.7M | 0 | 30M |
| Taxes Paid | 67.8M | 53.2M | 0 | 0 | 88.2M | 443.2M | 428.2M | 347.5M | 0 | 82.4M |
ON Key Ratios
ON Semiconductor Corporation (ON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 34.9% | 20.93% | 6.5% | 6.81% | 24.74% | 35.19% | 31.18% | 18.93% | 1.47% | 7.43% |
| Return on Invested Capital (ROIC) | 11.61% | 13.28% | 8.68% | 4.35% | 15.68% | 27.51% | 25.06% | 14.59% | 6.06% | 6.06% |
| Gross Margin | 36.72% | 38.08% | 35.77% | 32.65% | 40.27% | 48.97% | 47.06% | 45.41% | 32.29% | 37.22% |
| Net Margin | 14.63% | 10.67% | 3.84% | 4.46% | 14.98% | 22.85% | 26.46% | 22.21% | 2.02% | 9.46% |
| Debt / Equity | 1.05x | 0.87x | 1.09x | 0.98x | 0.67x | 0.52x | 0.43x | 0.38x | 0.45x | 0.45x |
| Interest Coverage | 4.88x | 6.89x | 2.87x | 2.05x | 9.88x | 25.89x | 34.90x | 30.49x | 2.85x | 10.49x |
| FCF Conversion | 1.35x | 2.03x | 3.28x | 3.78x | 1.77x | 1.38x | 0.91x | 1.21x | 14.54x | 2.53x |
| Revenue Growth | 41.88% | 6.05% | -6.13% | -4.76% | 28.26% | 23.54% | -0.88% | -14.19% | -15.35% | -9.04% |
ON SEC Filings & Documents
ON Semiconductor Corporation (ON) SEC filings — annual & quarterly reports (10-K, 10-Q)
ON Frequently Asked Questions
ON Semiconductor Corporation (ON) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
ON Semiconductor Corporation (ON) reported $6.06B in revenue for fiscal year 2025. This represents a 192% increase from $2.07B in 2000.
ON Semiconductor Corporation (ON) saw revenue decline by 15.3% over the past year.
Yes, ON Semiconductor Corporation (ON) is profitable, generating $573.7M in net income for fiscal year 2025 (2.0% net margin).
Dividend & Returns
ON Semiconductor Corporation (ON) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.
ON Semiconductor Corporation (ON) generated $1.45B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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