ON Semiconductor ON Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 37.5%+4.4pp | 33.1%-2.7pp | 35.7%-2.1pp | 37.9%-2.0pp | 39.9%-5.6pp | |
| Operating margin | 10%+8.6pp | 1.4%-3.3pp | 4.7%-2.7pp | 7.4%-2.6pp | 10%-14.9pp | |
| Net margin | 9.5%+7.4pp | 2%-3.1pp | 5.2%-2.1pp | 7.3%-2.2pp | 9.5%-12.7pp | |
| EBITDA margin | 23.2%+10.4pp | 12.8%-2.2pp | 15%-2.6pp | 17.6%-2.3pp | 19.9%-14.2pp | |
| Free cash flow margin | 19.5%-4.2pp | 23.7%+1.8pp | 21.9%+1.8pp | 20.1%-0.9pp | 21%+3.9pp | |
| Returns | ||||||
| Return on equity | 7.5%+6.0pp | 1.5%-2.4pp | 3.9%-1.9pp | 5.7%-2.1pp | 7.8%-11.1pp | |
| Return on assets | 4.5%+3.6pp | 0.9%-1.5pp | 2.4%-1.1pp | 3.5%-1.3pp | 4.7%-6.8pp | |
| Return on invested capital | 6.9%+6.0pp | 0.9%-2.2pp | 3.1%-1.9pp | 5%-2.4pp | 7.4%-11.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Inventory turnover | 1.8×-0.1× | 1.9×0.0× | 1.9×0.0× | 1.8×-0.1× | 1.9×+0.1× | |
| Liquidity | ||||||
| Current ratio | 4.9×+0.4× | 4.5×-0.7× | 5.2×+0.2× | 5×+0.1× | 4.9×-0.1× | |
| Quick ratio | 3.1×+0.2× | 3×-0.6× | 3.5×+0.2× | 3.4×0.0× | 3.3×-0.1× | |
| Cash ratio | 1.7×0.0× | 1.7×-0.4× | 2×0.0× | 2×-0.2× | 2.2×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.4×0.0× | 0.4×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Debt-to-assets | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 0.9×-0.6× | 1.4×+0.2× | 1.2×+0.3× | 1×+0.3× | 0.7×+0.3× | |
| Interest coverage | 9.2×+8.0× | 1.2×-3.1× | 4.2×-2.8× | 7.1×-3.3× | 10.3×-18.0× | |
| Per Share | ||||||
| Book value per share | $18.53-0.6% | $18.63-3.8% | $19.38+1.2% | $19.14+0.4% | $19.06-6.2% | |
| Valuation | ||||||
| Market capitalization | $24.4B+12.0% | $21.79B+8.0% | $20.17B-11.0% | $22.65B+32.1% | $17.15B-36.1% | |
| Enterprise value | $25.64B+12.0% | $22.89B+7.4% | $21.33B-10.2% | $23.76B+31.7% | $18.04B-35.1% | |
| Price / earnings | 42.5×-138× | 180.1×+117× | 63.2×+14.6× | 48.6×+21.6× | 27.1×+10.0× | |
| Price / sales | 4×+0.4× | 3.6×+0.4× | 3.3×-0.3× | 3.5×+1.0× | 2.6×-1.2× | |
| Price / book | 3.3×+0.5× | 2.8×+0.3× | 2.6×-0.3× | 2.9×+0.7× | 2.1×-0.9× | |
| EV / EBITDA | 18.2×-11.5× | 29.7×+6.8× | 22.9×+1.8× | 21.1×+7.5× | 13.6×+2.1× | |
| EV / sales | 4.2×+0.4× | 3.8×+0.4× | 3.4×-0.3× | 3.7×+1.0× | 2.7×-1.2× | |
| Free cash flow yield | 4.8%-1.7pp | 6.5%-0.2pp | 6.7%+1.0pp | 5.7%-2.5pp | 8.2%+3.7pp | |
| Earnings yield | 2.4%+1.8pp | 0.6%-1.0pp | 1.6%-0.5pp | 2.1%-1.6pp | 3.7%-2.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are ON Semiconductor's profit margins?
- ON Semiconductor (ON) runs a 37.5% gross margin and a 10.0% operating margin, with a 9.5% net margin.
- Where do ON Semiconductor's ratios come from?
- Every ratio is computed from ON Semiconductor's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
