Fundamental analysis · SEC EDGAR · TTM through 03/07/2026
ON · Nasdaq · Technology
Fundamental quality
73
out of 100
On Semiconductor Corp earns a fundamental-quality score of 73 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (net debt 0.65× EBITDA). Its weakest area is its profitability (net margin 10.2%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
ON Semiconductor makes power chips: the ones managing energy in EVs (silicon carbide), industry and solar. It bet hard on EVs right before demand cooled — its cycle today is the EV cycle.
EPS growth: 20% · Revenue growth: 3%
Net margin: 10.2% · ROE: 8.7% · ROIC: 5.3%
Net debt/EBITDA: 0.65x · FCF: 24.2%
Source: SEC EDGAR · TTM through 03/07/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.
Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 5,255 | 234 | 501 | 2,411 |
| 2021 | 6,740 | 1,010 | 1,337 | 1,722 |
| 2022 | 8,326 | 1,902 | 1,597 | 275 |
| 2023 | 8,253 | 2,184 | 438 | 854 |
| 2024 | 7,082 | 1,573 | 1,212 | 655 |
| 2025 | 5,995 | 121 | 1,419 | 833 |
Between 2020 and 2025, revenue went from $5,255M to $5,995M (+14%) and net income went from $234M to $121M (-48%). It has also reduced its net debt over the period.
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended July 3, 2026, versus the half-year ended July 4, 2025 (SEC filings):
Compared with the previous close (April 3, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.
The serious investor's standard
Open free account →Anyone who wants low commissions and access to almost any market in the world.
Popular in the U.S.
Open free account →Anyone investing in the U.S. who wants a powerful, commission-free stock app.
Investing carries risk of loss.
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).
Compute the valuation →Is On Semiconductor Corp a good company to invest in?
In terms of business quality, On Semiconductor Corp scores 73 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is On Semiconductor Corp a profitable company?
Yes. On Semiconductor Corp shows a net margin of 10.2% and an ROE of 8.7%, a sign of a profitable business.
Does On Semiconductor Corp have a lot of debt?
Not particularly. Its net debt is 0.65 times its EBITDA, a low level.
Is On Semiconductor Corp growing?
Its revenue has grown 3% annualized in recent years and its earnings per share 20%.
Does On Semiconductor Corp generate cash?
Yes. It converts about 24.2% of its revenue into free cash flow, and has done so positively year after year.
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.
More Technology companies
Apple (AAPL) · Alphabet (Google) (GOOGL) · Meta Platforms (META) · Broadcom (AVGO) · Oracle (ORCL) · Netflix (NFLX) · see more →
The best Technology stocks by our model →
Compare On Semiconductor Corp with 500+ companies in the screener →
Who's behind the methodology and model · how the score is computed
Data: see On Semiconductor Corp's filings on EDGAR
Spotted a figure that looks wrong? Report it and we'll review it.