ON Semiconductor Corporation

ON Technology Semiconductors

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%
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

ON Semiconductor Corporation (ON) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, ON Semiconductor Corporation (ON) trades at a price to free cash flow of 18.3×. Over the past ten years it has ranged from 8.3× (January 2019) to 80.8× (March 2024); the current reading is higher than 50% of that period. That is below the Semiconductors industry median of 48.3× and below the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 15.3× (30.63%)
FY2024 22.1× (72.11%)
FY2023 79.3× 392.07%
FY2022 16.1× (27.32%)
FY2021 22.2× (16.01%)
FY2020 26.4× (56.10%)
FY2019 60.1× 587.50%
FY2018 8.7× (32.25%)
FY2017 12.9× (9.69%)
FY2016 14.3× (27.45%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 24.0× 19.64%
Mar 2026 20.1× 31.02%
Dec 2025 15.3× 4.59%
Sep 2025 14.7× (12.26%)
42 more quarters

Against its own ten years

Low 8.3× High 80.8×
Ten-year median 18.4×
Current reading's percentile 50

Price to free cash flow against peers

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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