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) Return on invested capital
ON Semiconductor Corporation's return on invested capital over the twelve months to 30 June 2026 was 5.33%, up 4.7 percentage points from fiscal 2025 (0.65%). Over the past ten years it has ranged from 0.65% (fiscal 2025) to 22.7% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Semiconductors industry median of 2.27% and above the Technology sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 0.65% | (11.37) |
| FY2024 | 12.0% | (6.27) |
| FY2023 | 18.3% | (4.39) |
| FY2022 | 22.7% | 9.98 |
| FY2021 | 12.7% | 9.05 |
| FY2020 | 3.65% | (0.83) |
| FY2019 | 4.48% | (6.35) |
| FY2018 | 10.8% | 1.96 |
| FY2017 | 8.87% | 5.40 |
| FY2016 | 3.47% | (3.31) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| ALAB Astera Labs, Inc. compare | 36.2% |
| CRDO Credo Technology Group Holding Ltd. compare | 16.1% |
| MTSI MACOM Technology Solutions Holdings, Inc. compare | 10.3% |
| TSEM Tower Semiconductor Ltd. compare | 9.97% |
| ON ON Semiconductor Corporation | 5.33% |
| GFS GlobalFoundries Inc. compare | 4.51% |
| MCHP Microchip Technology Incorporated compare | 4.30% |
| SWKS Skyworks Solutions, Inc. compare | 3.51% |
| STM STMicroelectronics N.V. compare | 2.19% |
| Semiconductors industry median | 2.27% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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