ON Semiconductor ON Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 33.1%-12.3pp | 45.4%-1.6pp | 47.1%-1.9pp | 49%+8.7pp | |
| Operating margin | 1.4%-23.6pp | 25%-5.8pp | 30.8%+2.4pp | 28.3%+9.2pp | |
| Net margin | 2%-20.2pp | 22.2%-4.3pp | 26.5%+3.6pp | 22.8%+7.9pp | |
| EBITDA margin | 12.8%-21.2pp | 34%-4.1pp | 38.1%+3.2pp | 35%+7.0pp | |
| Free cash flow margin | 23.7%+6.5pp | 17.1%+11.3pp | 5.8%-13.4pp | 19.2%-0.7pp | |
| Returns | |||||
| Return on equity | 1.5%-17.5pp | 19%-12.3pp | 31.3%-4.1pp | 35.3%+10.5pp | |
| Return on assets | 0.9%-10.6pp | 11.5%-5.8pp | 17.3%-0.3pp | 17.6%+6.6pp | |
| Return on invested capital | 0.9%-18.0pp | 18.9%-13.4pp | 32.3%+3.7pp | 28.6%+10.8pp | |
| Efficiency | |||||
| Asset turnover | 0.5×-0.1× | 0.5×-0.1× | 0.7×-0.1× | 0.8×0.0× | |
| Inventory turnover | 1.9×+0.1× | 1.8×-0.6× | 2.3×-0.5× | 2.8×-0.2× | |
| Liquidity | |||||
| Current ratio | 4.5×-0.5× | 5.1×+2.4× | 2.7×-0.1× | 2.8×+0.3× | |
| Quick ratio | 3×-0.4× | 3.4×+1.6× | 1.7×-0.3× | 2×+0.4× | |
| Cash ratio | 1.7×-0.3× | 2×+0.9× | 1.1×-0.3× | 1.4×+0.5× | |
| Leverage | |||||
| Debt-to-equity | 0.4×0.0× | 0.4×-0.1× | 0.5×-0.1× | 0.6×-0.1× | |
| Debt-to-assets | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 1.4×+1.0× | 0.4×0.0× | 0.4×+0.2× | 0.2×-0.8× | |
| Interest coverage | 1.2×-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 / earnings | 180.1×+163× | 17.1×+0.7× | 16.4×+2.2× | 14.2×-15.0× | |
| Price / sales | 3.6×-0.2× | 3.8×-0.5× | 4.3×+1.1× | 3.2×-1.1× | |
| Price / book | 2.8×-0.2× | 3.1×-1.5× | 4.6×+0.2× | 4.4×-2.1× | |
| EV / EBITDA | 29.7×+18.2× | 11.5×-0.2× | 11.7×+2.3× | 9.5×-7.2× | |
| EV / sales | 3.8×-0.1× | 3.9×-0.5× | 4.5×+1.2× | 3.3×-1.3× | |
| Free cash flow yield | 6.5%+2.0pp | 4.5%+3.2pp | 1.3%-4.6pp | 5.9%+1.4pp | |
| Earnings yield | 0.6%-5.3pp | 5.9%-0.2pp | 6.1%-0.9pp | 7.1%+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.
