Saturday 17 October 2026 Export ON’s income statement to Excel — free account

ON Semiconductor Corporation

ON Semiconductor Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, down 15.3% from fiscal 2024. In the quarter to June 2026, revenue grew 9.18%, EPS grew 41.5%, free cash flow grew 284.6% and total debt rose 32.8%, each against the same quarter a year earlier. Member of the S&P 500.

72.02 1.68 −2.28%

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Market cap: $28.7B
P/E: 45.6×
Fwd P/E: 53.2×
Dividend yield: —
F-score: 5/9
Altman Z: 4.62
Beneish M: −3.05
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Impairment Nov 17, 2025

All filings →

Insider Decisions trades per month

Total sells 21.31

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	3	1	2	—	—	—	—	—	1

Insider Ownership 0.92%

Capital & Financial Ratios $m

Market Cap 28,690.00

Revenue 6,197.80

Net Income 631.70

Free Cash Flow 1,534.50

Net Debt 617.70

Current Ratio 3.46

Debt/Equity 0.62

P/E ratio 45.58

Fwd P/E 53.20

P/S ratio 4.54

P/B ratio 3.88

Past 5Y EPS Growth (12.33%)

This Y EPS Growth 36.22%

Next Y EPS Growth 41.06%

Next Y revenue growth 9.42%

Next 5Y EPS Growth 35.65%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 79.77%

10-year low 10-year high

P/S against its own 10 years 91.41%

10-year low 10-year high

P/B against its own 10 years 63.88%

10-year low 10-year high

EV/Sales against its own 10 years 90.90%

10-year low 10-year high

EV/FCF against its own 10 years 34.02%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,483	2,991	2,548	3,865
Receivables	935	1,160	908	897
Inventory	2,112	2,242	1,990	2,048
Other	382	359	378	473
	5,912	6,752	5,823	7,282

	2023	2024	2025	Q'26
Payables	726	575	572	498
ST’ Debt	794	—	—	802
Other	—	—	—	—
	2,184	1,335	1,288	2,102

Compound Annual Growth %

	10y	5y	3y
Sales	5.54%	2.67%	(10.37%)
Cash Flow	14.10%	14.76%	(12.57%)
Earnings	(5.19%)	(12.37%)	(60.10%)
Book Value	16.77%	16.67%	7.41%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,513	1,604	—	—	—
’25	1,446	1,469	1,551	1,530	5,995
’24	1,863	1,735	1,762	1,723	7,082
’23	1,960	2,094	2,181	2,018	8,253
’22	1,945	2,085	2,193	2,104	8,326
’21	1,482	1,670	1,742	1,846	6,740
’20	1,278	1,214	1,317	1,446	5,255

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	239	460	—	—	—
’25	602	184	419	555	1,760
’24	499	362	466	580	1,906
’23	409	391	567	611	1,978
’22	479	421	1,002	731	2,633
’21	219	488	449	627	1,782
’20	166	155	163	400	884

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	218	433	—	—	—
’25	455	113	373	511	1,451
’24	265	221	304	428	1,219
’23	89	(19)	147	226	442
’22	343	171	730	412	1,656
’21	141	387	337	439	1,304
’20	36	80	104	289	509

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.08)	0.56	—	—	—
’25	(1.15)	0.41	0.63	0.45	0.29
’24	1.04	0.78	0.93	0.88	3.63
’23	1.03	1.29	1.29	1.28	4.89
’22	1.18	1.02	0.70	1.35	4.24
’21	0.20	0.42	0.70	0.96	2.27
’20	(0.03)	0.00	0.38	0.21	0.56

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.97	12.37	14.55	15.57	8.17	32.32	44.76	59.61	59.34	31.04	Analyst estimates 2026–2028 Powerpack
	High	13.32	22.15	27.10	24.70	32.93	70.27	77.28	111.35	85.16	67.00
People
People	Employees	32,000	34,000	35,700	34,800	34,500	33,300	31,109	30,100	26,490	22,670
	Revenue/emp, $m	0.12	0.16	0.16	0.16	0.15	0.20	0.27	0.27	0.27	0.26
Income, $m
Income, $m	Revenue	3,907	5,543	5,878	5,518	5,255	6,740	8,326	8,253	7,082	5,995
	Gross margin, %	33.29	36.72	38.08	35.77	32.65	40.27	48.97	47.06	45.41	33.09
	EBT	181	548	755	277	177	1,158	2,362	2,536	1,837	131
	EBT margin, %	4.62	9.88	12.84	5.01	3.36	17.18	28.37	30.73	25.94	2.19
	Net income	185	813	630	214	236	1,011	1,904	2,186	1,575	124
	Depreciation	378	511	529	611	656	607	950	621	654	697
Per share, $
Per share, $	Revenue	9.41	13.14	13.87	13.43	12.80	15.83	19.22	19.16	16.57	14.59
	Earnings	0.44	1.92	1.48	0.52	0.57	2.37	4.39	5.07	3.68	0.29
	Cash flow	1.40	2.59	3.01	1.69	2.15	4.19	6.08	4.59	4.46	4.28
	Capex	(0.51)	(0.90)	(1.12)	(1.29)	(0.91)	(1.12)	(2.26)	(3.56)	(1.61)	(0.75)
	Free cash flow	0.89	1.69	1.89	0.41	1.24	3.06	3.82	1.03	2.85	3.53
	Book value	4.44	6.64	7.54	8.09	8.66	10.82	14.33	18.11	20.62	18.72
	Shares, m	415	422	424	411	411	426	433	431	427	411
Valuation, ×
Valuation, ×	P/E	28.84	11.36	11.16	46.88	56.43	28.78	14.03	16.07	17.13	159.26
	P/S	1.35	1.66	1.19	1.82	2.56	4.29	3.21	4.25	3.80	3.71
	P/B	2.86	3.29	2.19	3.01	3.78	6.28	4.30	4.50	3.06	2.89
	EV/Sales	2.01	2.02	1.48	2.31	3.02	4.55	3.24	4.36	3.97	3.92
	EV/FCF	21.33	15.72	10.87	76.45	31.13	23.50	16.29	81.28	23.08	16.20
Cash, $m
Cash, $m	Operating cash flow	581	1,094	1,274	695	884	1,782	2,633	1,978	1,906	1,760
	Capex	(212)	(381)	(474)	(528)	(375)	(478)	(977)	(1,535)	(688)	(309)
	Free cash flow	369	713	800	167	509	1,304	1,656	442	1,219	1,451
Balance, $m
Balance, $m	Working capital	1,367	1,524	1,699	1,202	1,510	2,238	3,668	3,729	5,417	4,535
	Total debt	3,622	2,952	2,766	3,613	3,491	3,085	3,217	3,359	3,367	3,004
	Net debt	2,594	2,003	1,697	2,718	2,411	1,732	298	876	375	457
	Shareholders’ equity	1,845	2,801	3,194	3,324	3,558	4,604	6,207	7,801	8,815	7,692
Returns, %
Returns, %	ROA	3.37	11.48	8.49	2.64	2.74	11.04	17.63	17.35	11.52	0.91
	ROIC	3.47	8.87	10.83	4.48	3.65	12.70	22.68	18.29	12.02	0.65
	ROE	10.47	34.90	20.93	6.50	6.81	24.74	35.23	31.20	18.93	1.47

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ALAB Astera Labs, Inc.	$52.4B	132×	153×	+104.45% (above 0%: growing)	+187.10% (above 0%: growing)	−49.60% (below 0%: shrinking)	73.28%	22.74%	Compare
STM STMicroelectronics N.V.	$41.6B	85.6×	64.9×	+26.07% (above 0%: growing)	n/m	+107.00% (above 0%: growing)	34.84%	5.36%	Compare
MCHP Microchip Technology Incorporated	$40.3B	110×	51.2×	+38.05% (above 0%: growing)	n/m	+93.09% (above 0%: growing)	63.24%	22.68%	Compare
CRDO Credo Technology Group Holding Ltd.	$33.6B	57.5×	42.5×	+114.73% (above 0%: growing)	+89.19% (above 0%: growing)	+61.55% (above 0%: growing)	64.53%	25.20%	Compare
ON ON Semiconductor Corporation	$28.7B	45.6×	53.2×	+9.18% (above 0%: growing)	+41.46% (above 0%: growing)	+284.55% (above 0%: growing)	38.43%	16.13%
GFS GlobalFoundries Inc.	$26.8B	35.9×	55.3×	+5.81% (above 0%: growing)	−26.83% (below 0%: shrinking)	−97.40% (below 0%: shrinking)	28.28%	9.74%	Compare
TSEM Tower Semiconductor Ltd.	$23.8B	76.1×	79.0×	+23.66% (above 0%: growing)	+90.48% (above 0%: growing)	−180.73% (below 0%: shrinking)	29.95%	19.62%	Compare
MTSI MACOM Technology Solutions Holdings, Inc.	$20.7B	82.0×	106×	+35.77% (above 0%: growing)	+169.39% (above 0%: growing)	+165.46% (above 0%: growing)	58.31%	22.53%	Compare
SWKS Skyworks Solutions, Inc.	$18.6B	40.9×	45.2×	−3.13% (below 0%: shrinking)	−67.14% (below 0%: shrinking)	−106.87% (below 0%: shrinking)	40.12%	5.19%	Compare
Median of peers	$30.2B	79.0×	60.1×	+30.92%	+89.84%	+5.98%	49.22%	21.08%

All 67 Semiconductors stocks →

ON Semiconductor Corporation (ON) key facts

Concern: ON Semiconductor Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, down 15.3% from fiscal 2024.
ON Semiconductor Corporation (ON) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, ON traded at $72.02, a market capitalization of $28.7 billion.
Return on equity was 1.47% and debt-to-equity 0.62.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.62 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.