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.
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ON Semiconductor Corporation (ON) EV/EBITDA
As of 16 October 2026, ON Semiconductor Corporation (ON) trades at a EV/EBITDA of 19.5×. Over the past ten years it has ranged from 5.9× (March 2020) to 39.6× (February 2026); the current reading is higher than 90% of that period. That is below the Semiconductors industry median of 28.4× and above the Technology sector median of 15.3×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 30.1× | 159.04% |
| FY2024 | 11.6× | 2.03% |
| FY2023 | 11.4× | 39.57% |
| FY2022 | 8.2× | (49.58%) |
| FY2021 | 16.2× | 2.49% |
| FY2020 | 15.8× | 29.32% |
| FY2019 | 12.2× | 93.11% |
| FY2018 | 6.3× | (32.75%) |
| FY2017 | 9.4× | (25.31%) |
| FY2016 | 12.6× | 59.41% |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 25.5× | 40.36% |
| Mar 2026 | 18.2× | (39.61%) |
| Dec 2025 | 30.1× | 32.46% |
| Sep 2025 | 22.7× | 11.98% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| GFS GlobalFoundries Inc. compare | 12.4× |
| STM STMicroelectronics N.V. compare | 15.5× |
| SWKS Skyworks Solutions, Inc. compare | 15.8× |
| ON ON Semiconductor Corporation | 19.5× |
| MCHP Microchip Technology Incorporated compare | 31.3× |
| TSEM Tower Semiconductor Ltd. compare | 34.7× |
| CRDO Credo Technology Group Holding Ltd. compare | 55.5× |
| MTSI MACOM Technology Solutions Holdings, Inc. compare | 72.1× |
| ALAB Astera Labs, Inc. compare | 171× |
| Semiconductors industry median | 28.4× |
| Technology sector median | 15.3× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on ON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement