Fundamental analysis · SEC EDGAR · TTM through 03/04/2026

Fundamental analysis of On Semiconductor Corp

ON · Nasdaq · Technology

Fundamental quality

DEMANDING

54

out of 100

Breakdown by area

I.GrowthEPS growth: -29.5% · Revenue growth: -9.3%
8
II.ProfitabilityNet margin: 9.5% · ROE: 7.9%
60
III.Financial healthNet debt/EBITDA: 0.7x · FCF: 19.5%
93

Source: SEC EDGAR · TTM through 03/04/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Strong free-cash-flow generation (FCF margin of 19.5%).
  • Low leverage (net debt of 0.7× EBITDA).

Risks and weaknesses

  • Declining revenue (-9.3% annualized).
  • Declining earnings per share (-29.5% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$6,740M$1,010M$1,337M$1,722M
2022$8,326M$1,902M$1,597M$275M
2023$8,253M$2,184M$438M$854M
2024$7,082M$1,573M$1,212M$655M
2025$5,995M$121M$1,419M$833M

Between 2021 and 2025, revenue went from $6,740M to $5,995M (-11%) and net income went from $1,010M to $121M (-88%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is On Semiconductor Corp a profitable company?

On Semiconductor Corp is profitable, with a net margin of 9.5%, though a thin one.

Does On Semiconductor Corp have a lot of debt?

Not particularly. Its net debt is 0.7 times its EBITDA, a low level.

Is On Semiconductor Corp growing?

Its revenue has fallen 9.3% annualized in recent years.

Does On Semiconductor Corp generate cash?

Yes. It converts about 19.5% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is On Semiconductor Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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