Skip to content

ON Semiconductor ON Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin33.1%-12.3pp45.4%-1.6pp47.1%-1.9pp49%+8.7pp
Operating margin1.4%-23.6pp25%-5.8pp30.8%+2.4pp28.3%+9.2pp
Net margin2%-20.2pp22.2%-4.3pp26.5%+3.6pp22.8%+7.9pp
EBITDA margin12.8%-21.2pp34%-4.1pp38.1%+3.2pp35%+7.0pp
Free cash flow margin23.7%+6.5pp17.1%+11.3pp5.8%-13.4pp19.2%-0.7pp
Returns
Return on equity1.5%-17.5pp19%-12.3pp31.3%-4.1pp35.3%+10.5pp
Return on assets0.9%-10.6pp11.5%-5.8pp17.3%-0.3pp17.6%+6.6pp
Return on invested capital0.9%-18.0pp18.9%-13.4pp32.3%+3.7pp28.6%+10.8pp
Efficiency
Asset turnover0.5×-0.1×0.5×-0.1×0.7×-0.1×0.8×0.0×
Inventory turnover1.9×+0.1×1.8×-0.6×2.3×-0.5×2.8×-0.2×
Liquidity
Current ratio4.5×-0.5×5.1×+2.4×2.7×-0.1×2.8×+0.3×
Quick ratio-0.4×3.4×+1.6×1.7×-0.3×+0.4×
Cash ratio1.7×-0.3×+0.9×1.1×-0.3×1.4×+0.5×
Leverage
Debt-to-equity0.4×0.0×0.4×-0.1×0.5×-0.1×0.6×-0.1×
Debt-to-assets0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Net debt / EBITDA1.4×+1.0×0.4×0.0×0.4×+0.2×0.2×-0.8×
Interest coverage1.2×-27.2×28.4×-5.6×33.9×+9.1×24.9×+15.0×
Per Share
Book value per share$18.63-8.3%$20.33+16.7%$17.42+26.2%$13.81+33.6%
Valuation
Market capitalization$21.79B-18.8%$26.85B-24.9%$35.76B+32.7%$26.96B-8.4%
Enterprise value$22.89B-17.6%$27.8B-24.7%$36.9B+33.9%$27.55B-12.1%
Price / earnings180.1×+163×17.1×+0.7×16.4×+2.2×14.2×-15.0×
Price / sales3.6×-0.2×3.8×-0.5×4.3×+1.1×3.2×-1.1×
Price / book2.8×-0.2×3.1×-1.5×4.6×+0.2×4.4×-2.1×
EV / EBITDA29.7×+18.2×11.5×-0.2×11.7×+2.3×9.5×-7.2×
EV / sales3.8×-0.1×3.9×-0.5×4.5×+1.2×3.3×-1.3×
Free cash flow yield6.5%+2.0pp4.5%+3.2pp1.3%-4.6pp5.9%+1.4pp
Earnings yield0.6%-5.3pp5.9%-0.2pp6.1%-0.9pp7.1%+3.6pp

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.