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.
Follow ON
ON Semiconductor Corporation (ON) Free cash flow margin
ON Semiconductor Corporation's free cash flow margin over the twelve months to 30 June 2026 was 24.8%, up 0.6 percentage points from fiscal 2025 (24.2%). Over the past ten years it has ranged from 3.02% (fiscal 2019) to 24.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Semiconductors industry median of 8.47% and above the Technology sector median of 1.72%.
Free cash flow margin, annual
Embed this chart
Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 24.2% | 6.99 |
| FY2024 | 17.2% | 11.85 |
| FY2023 | 5.36% | (14.53) |
| FY2022 | 19.9% | 0.54 |
| FY2021 | 19.4% | 9.66 |
| FY2020 | 9.69% | 6.67 |
| FY2019 | 3.02% | (10.59) |
| FY2018 | 13.6% | 0.75 |
| FY2017 | 12.9% | 3.43 |
| FY2016 | 9.43% | 3.44 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| CRDO Credo Technology Group Holding Ltd. compare | 27.6% |
| ON ON Semiconductor Corporation | 24.8% |
| ALAB Astera Labs, Inc. compare | 23.0% |
| MCHP Microchip Technology Incorporated compare | 21.7% |
| TSEM Tower Semiconductor Ltd. compare | 18.0% |
| MTSI MACOM Technology Solutions Holdings, Inc. compare | 16.7% |
| GFS GlobalFoundries Inc. compare | 13.1% |
| SWKS Skyworks Solutions, Inc. compare | 10.2% |
| STM STMicroelectronics N.V. compare | 1.74% |
| Semiconductors industry median | 8.47% |
| Technology sector median | 1.72% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on ON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- 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