ON Semiconductor (ON) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ON SEC filings page.
ON Semiconductor Corp (ON) reported $6.2B in revenue over the twelve months to Jul 3, 2026, down 3.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 revenue contraction reached profitability through cost rigidity, while cash generation was supported by sharply lower investment.
The unusual cash conversion gap is wide: operating cash flow was$1.76B against net income of$121M , so reported cash generation no longer tracks earnings closely. Free cash flow rose17.0% even as operating cash flow fell7.7% ; the divergence points to a capital-spending pullback, not improving underlying profitability.
Revenue fell
Liabilities declined
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ON Semiconductor Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
ON Semiconductor Corp has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is down from 25.0% the prior year.
ON Semiconductor Corp's revenue declined 15.3% year-over-year, from $7.1B to $6.0B. This contraction results in a growth score of 6/100.
ON Semiconductor Corp has a moderate D/E ratio of 0.39. This balance of debt and equity financing earns a leverage score of 45/100.
With a current ratio of 4.52, ON Semiconductor Corp holds $4.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.
ON Semiconductor Corp converts 23.7% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 83/100.
ON Semiconductor Corp's ROE of 1.6% shows moderate profitability relative to equity, earning a score of 60/100. This is down from 17.9% the prior year.
ON Semiconductor Corp scores 5.49, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $29.3B against total liabilities of $4.8B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ON Semiconductor Corp passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, ON Semiconductor Corp generates $14.54 in operating cash flow ($1.8B OCF vs $121.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
ON Semiconductor Corp earns $1.19 in operating income for every $1 of interest expense ($84.2M vs $70.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
ON Semiconductor Corp generated $1.6B in revenue in Q2 2026. This represents an increase of 9.2% from the same quarter a year earlier. Against the prior quarter it is up 6.0%.
ON Semiconductor Corp's EBITDA was $399.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.3% from the same quarter a year earlier. Against the prior quarter it is up 71.4%.
ON Semiconductor Corp reported $226.8M in net income in Q2 2026. This represents an increase of 33.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
ON Semiconductor Corp earned $0.56 per diluted share (EPS) in Q2 2026. This represents an increase of 36.6% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
ON Semiconductor Corp generated $425.4M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 300.9% from the same quarter a year earlier. Against the prior quarter it is up 95.9%.
ON Semiconductor Corp held $3.5B in cash against $3.7B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
ON Semiconductor Corp's gross margin was 38.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
ON Semiconductor Corp's operating margin was 16.1% in Q2 2026, reflecting core business profitability. This is up 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 19.7 percentage points.
ON Semiconductor Corp's net profit margin was 14.1% in Q2 2026, showing the share of revenue converted to profit. This is up 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.4 percentage points.
ON Semiconductor Corp's quarterly ROE was 3.1% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.6 percentage points.
Capital Allocation
ON Semiconductor Corp invested $140.8M in research and development in Q2 2026. This represents a decrease of 2.1% from the same quarter a year earlier. Against the prior quarter it is down 2.4%.
ON Semiconductor Corp spent $344.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 14.1% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.
ON Semiconductor Corp invested $34.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 56.1% from the same quarter a year earlier. Against the prior quarter it is up 56.6%.
ON Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B+9.2% | $1.5B+4.7% | $1.5B-11.2% | $1.6B-12.0% | $1.5B-15.4% | $1.4B-22.4% | $1.7B-14.6% | $1.8B-19.2% |
| Cost of Revenue | $987.2M+7.7% | $930.2M-19.2% | $979.1M+3.8% | $963.7M+0.1% | $916.8M-3.6% | $1.2B+14.2% | $943.4M-12.3% | $962.5M-16.3% |
| Gross Profit | $616.3M+11.7% | $583.1M+98.5% | $551.0M-29.3% | $587.2M-26.5% | $551.9M-29.6% | $293.8M-65.6% | $779.1M-17.3% | $799.4M-22.4% |
| R&D Expenses | $140.8M-2.1% | $144.3M-12.1% | $133.8M-13.8% | $141.9M-6.0% | $143.8M-8.1% | $164.1M+9.4% | $155.2M+3.3% | $151.0M+5.3% |
| SG&A Expenses | $165.2M+6.9% | $152.4M-0.2% | $147.5M-13.7% | $150.1M-6.7% | $154.5M+0.6% | $152.7M-7.1% | $170.9M+9.5% | $160.9M-10.1% |
| Operating Income | $258.6M+33.7% | -$53.4Mn/m | $200.1M-51.0% | $264.4M-40.6% | $193.4M-50.2% | -$573.7M-209.2% | $408.6M-33.2% | $445.4M-35.2% |
| EBITDA | $399.9M+14.3% | $233.3Mn/m | $415.0M-27.9% | $410.9M-32.3% | $349.8M-36.2% | -$405.5M-159.6% | $575.2M-25.5% | $607.2M-27.9% |
| Interest Expense | $13.7M-23.5% | $12.7M-29.4% | $17.3M+13.1% | $17.7M+12.7% | $17.9M+14.0% | $18.0M+15.4% | $15.3M-3.2% | $15.7M-3.1% |
| Income Tax | $43.4M+42.3% | -$11.7Mn/m | $35.3M-43.7% | $17.7M-65.9% | $30.5M-52.1% | -$75.8M-189.7% | $62.7M+32.0% | $51.9M-54.7% |
| Net Income | $226.8M+33.2% | -$33.4Mn/m | $181.8M-52.1% | $255.0M-36.5% | $170.3M-49.6% | -$486.1M-207.3% | $379.9M-32.5% | $401.7M-31.1% |
| EPS (Basic) | $0.58+41.5% | -$0.08n/m | $0.44-50.6% | $0.63-33.0% | $0.41-48.1% | -$1.15-208.5% | $0.89-32.1% | $0.94-30.4% |
| EPS (Diluted) | $0.56+36.6% | -$0.08n/m | $0.44-50.0% | $0.63-32.3% | $0.41-47.4% | -$1.15-210.6% | $0.88-31.3% | $0.93-27.9% |
| Diluted Shares (Avg) | 404M-2.5% | 394M-6.5% | N/A | 408M-5.5% | 415M-4.2% | 421M-3.5% | N/A | 432M-4.2% |
ON Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.5B+2.7% | $12.0B-9.4% | $12.5B-11.1% | $13.0B-6.6% | $13.1B-3.9% | $13.3B-1.7% | $14.1B+6.6% | $13.9B+4.8% |
| Current Assets | $7.3B+14.6% | $5.8B-8.7% | $5.8B-13.8% | $6.3B-3.3% | $6.4B+0.4% | $6.3B+2.9% | $6.8B+14.2% | $6.5B+7.5% |
| Cash & Equivalents | $3.5B+39.1% | $2.0B-27.5% | $2.1B-20.2% | $2.5B+0.1% | $2.5B+13.3% | $2.8B+5.7% | $2.7B+8.4% | $2.5B-7.8% |
| Short-Term Investments | $350.0M+16.7% | $400.0M+60.0% | $400.0M+33.3% | $400.0M+33.3% | $300.0M-33.3% | $250.0Mn/m | $300.0Mn/m | $300.0Mn/m |
| Inventory | $2.0B-1.9% | $2.0B-1.4% | $2.0B-11.3% | $2.0B-8.7% | $2.1B-6.2% | $2.1B-3.2% | $2.2B+6.2% | $2.2B+7.6% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $1.7B+2.8% | $1.7B+2.3% | $1.7B+5.8% | $1.6B+3.4% | $1.6B+4.1% | $1.6B+4.1% | $1.6B+0.7% | $1.6B+0.7% |
| Total Liabilities | $6.2B+20.9% | $4.7B-9.9% | $4.8B-8.4% | $5.1B-4.4% | $5.2B-2.6% | $5.2B-2.5% | $5.3B-2.6% | $5.3B-7.9% |
| Current Liabilities | $2.1B+66.2% | $1.2B-7.3% | $1.3B-3.5% | $1.2B-43.1% | $1.3B-39.7% | $1.3B-40.2% | $1.3B-38.9% | $2.1B-14.7% |
| Non-Current Liabilities | $4.1B+6.3% | $3.5B-10.7% | $3.5B-10.0% | $3.9B+21.4% | $3.9B+21.8% | $3.9B+22.7% | $3.9B+22.0% | $3.2B-2.8% |
| Long-Term Debt | $3.7B+9.2% | $3.0B-10.9% | $3.0B-10.9% | $3.4B+31.6% | $3.4B+31.6% | $3.3B+31.6% | $3.3B+31.6% | $2.5B+0.2% |
| Total Equity | $7.2B-9.1% | $7.3B-9.1% | $7.7B-12.8% | $7.9B-7.9% | $7.9B-4.8% | $8.0B-1.2% | $8.8B+13.0% | $8.6B+14.7% |
| Retained Earnings | $8.4B+8.1% | $8.2B+7.5% | $8.2B+1.5% | $8.1B+4.1% | $7.8B+6.3% | $7.6B+9.1% | $8.1B+24.0% | $7.7B+29.3% |
Not reported in any period shown, so not listed: Accounts Receivable.
ON Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $459.7M+149.4% | $239.1M-60.3% | $554.5M-4.3% | $418.7M-10.1% | $184.3M-49.1% | $602.3M+20.8% | $579.7M-5.2% | $465.8M-17.8% |
| Depreciation & Amortization | $141.3M-9.7% | $286.7M+70.5% | $214.9M+29.0% | $146.5M-9.5% | $156.4M-2.0% | $168.2M+8.6% | $166.6M+3.9% | $161.8M+4.1% |
| Stock-Based Compensation | $37.4M+8.7% | $37.3M+10.0% | N/A | $38.2M+16.8% | $34.4M+6.5% | $33.9M+2.7% | N/A | $32.7M+5.1% |
| Capital Expenditures | $34.3M-56.1% | $21.9M-85.2% | $69.1M-56.1% | $46.3M-71.4% | $78.2M-44.6% | $147.6M-36.9% | $157.3M-55.6% | $161.7M-62.7% |
| Free Cash Flow | $425.4M+300.9% | $217.2M-52.2% | $485.4M+14.9% | $372.4M+22.5% | $106.1M-52.0% | $454.7M+71.7% | $422.4M+64.2% | $304.1M+127.6% |
| Investing Cash Flow | $7.3Mn/m | -$16.7Mn/m | -$50.7Mn/m | -$151.2Mn/m | -$121.7Mn/m | -$214.9Mn/m | -$151.7Mn/m | -$31.9Mn/m |
| Financing Cash Flow | $1.0Bn/m | -$366.0Mn/m | -$823.9Mn/m | -$322.2Mn/m | -$300.1Mn/m | -$317.6Mn/m | -$203.3Mn/m | -$197.0Mn/m |
| Share Buybacks | $344.8M+14.1% | $345.7M+15.2% | $450.2M+120.6% | $325.0M+62.5% | $302.3M+101.5% | $300.1M+200.1% | $204.1M-32.0% | $200.0M+100.2% |
Not reported in any period shown, so not listed: Dividends Paid.
ON Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.4%+0.8pp | 38.5%+18.2pp | 36.0%-9.2pp | 37.9%-7.5pp | 37.6%-7.6pp | 20.3%-25.5pp | 45.2%-1.4pp | 45.4%-1.9pp |
| Operating Margin | 16.1%+3.0pp | -3.5%+36.1pp | 13.1%-10.6pp | 17.1%-8.2pp | 13.2%-9.2pp | -39.7%-67.9pp | 23.7%-6.6pp | 25.3%-6.2pp |
| Net Margin | 14.1%+2.5pp | -2.2%+31.4pp | 11.9%-10.2pp | 16.4%-6.4pp | 11.6%-7.9pp | -33.6%-57.9pp | 22.1%-5.8pp | 22.8%-3.9pp |
| Return on Equity | 3.1%+1.0pp | -0.5%+5.6pp | 2.4%-2.0pp | 3.2%-1.4pp | 2.1%-1.9pp | -6.0%-11.6pp | 4.3%-2.9pp | 4.7%-3.1pp |
| Return on Assets | 1.7%+0.4pp | -0.3%+3.4pp | 1.5%-1.3pp | 2.0%-0.9pp | 1.3%-1.2pp | -3.7%-7.0pp | 2.7%-1.6pp | 2.9%-1.5pp |
| Current Ratio | 3.46-1.6x | 4.87-0.1x | 4.52-0.5x | 5.23+2.2x | 5.02+2.0x | 4.95+2.1x | 5.06+2.4x | 3.07+0.6x |
| Debt-to-Equity | 0.51+0.1x | 0.410.0x | 0.390.0x | 0.42+0.1x | 0.42+0.1x | 0.42+0.1x | 0.38+0.1x | 0.300.0x |
| Liabilities-to-Equity | 0.87+0.2x | 0.640.0x | 0.630.0x | 0.640.0x | 0.650.0x | 0.650.0x | 0.60-0.1x | 0.62-0.2x |
| Asset Turnover | 0.120.0x | 0.130.0x | 0.120.0x | 0.120.0x | 0.110.0x | 0.110.0x | 0.120.0x | 0.130.0x |
| FCF Margin | 26.5%+19.3pp | 14.3%-17.1pp | 31.7%+7.2pp | 24.0%+6.8pp | 7.2%-5.5pp | 31.4%+17.2pp | 24.5%+11.8pp | 17.3%+11.1pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| ON Semiconductor Corp ON | FY2025 | $6.0B | $121.0M | 2.0% | $29.3B | 58/100 |
| GlobalFoundries Inc. GFS | FY2025 | $6.8B | $885.0M | 13.0% | $25.7B | 58/100 |
| STMicroelectronics N.V. STM | FY2025 | $11.8B | $166.0M | 1.4% | $43.4B | 59/100 |
| United Microelectronic Corp. UMC | FY2025 | $7.6B | $1.3B | 16.9% | $47.2B | 68/100 |
| ASE Technology Holding Co., Ltd. ASX | FY2025 | $20.6B | $1.3B | 6.4% | $97.0B | 53/100 |
| Credo Technology Group CRDO | FY2026 | $1.3B | $472.3M | 35.4% | $32.6B | 78/100 |
Where ON Semiconductor Corp Ranks
Frequently Asked Questions
What is ON Semiconductor Corp's annual revenue?
ON Semiconductor Corp (ON) reported $6.0B in total revenue for fiscal year 2025. This represents a -15.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is ON Semiconductor Corp's revenue growing?
ON Semiconductor Corp (ON) revenue declined by 15.3% year-over-year, from $7.1B to $6.0B in fiscal year 2025.
Is ON Semiconductor Corp profitable?
Yes, ON Semiconductor Corp (ON) reported a net income of $630.2M over the trailing 12 months to July 3, 2026. In fiscal year 2025 it reported a net income of $121.0M, with a net profit margin of 2.0%.
What is ON Semiconductor Corp's EBITDA?
ON Semiconductor Corp (ON) had EBITDA of $770.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does ON Semiconductor Corp have?
As of fiscal year 2025, ON Semiconductor Corp (ON) had $2.1B in cash and equivalents against $3.0B in long-term debt.
What is ON Semiconductor Corp's gross margin?
ON Semiconductor Corp (ON) had a gross margin of 33.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ON Semiconductor Corp's operating margin?
ON Semiconductor Corp (ON) had an operating margin of 1.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is ON Semiconductor Corp's net profit margin?
ON Semiconductor Corp (ON) had a net profit margin of 2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is ON Semiconductor Corp's return on equity (ROE)?
ON Semiconductor Corp (ON) has a return on equity of 1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ON Semiconductor Corp's free cash flow?
ON Semiconductor Corp (ON) generated $1.4B in free cash flow during fiscal year 2025. This represents a 17.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is ON Semiconductor Corp's operating cash flow?
ON Semiconductor Corp (ON) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are ON Semiconductor Corp's total assets?
ON Semiconductor Corp (ON) had $12.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are ON Semiconductor Corp's capital expenditures?
ON Semiconductor Corp (ON) invested $341.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does ON Semiconductor Corp spend on research and development?
ON Semiconductor Corp (ON) invested $583.6M in research and development during fiscal year 2025.
What is ON Semiconductor Corp's current ratio?
ON Semiconductor Corp (ON) had a current ratio of 4.52 as of fiscal year 2025, which is generally considered healthy.
What is ON Semiconductor Corp's debt-to-equity ratio?
ON Semiconductor Corp (ON) had a debt-to-equity ratio of 0.39 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is ON Semiconductor Corp's liabilities-to-equity ratio?
ON Semiconductor Corp (ON) had a liabilities-to-equity ratio of 0.63 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is ON Semiconductor Corp's return on assets (ROA)?
ON Semiconductor Corp (ON) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ON Semiconductor Corp's P/E ratio?
ON Semiconductor Corp (ON) trades at 46.5x earnings, its market capitalization divided by $630.2M net income, trailing 12 months to July 3, 2026. The market capitalization is $29.3B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ON Semiconductor Corp's price-to-sales ratio?
ON Semiconductor Corp (ON) trades at 4.7x sales, its market capitalization divided by $6.2B revenue, trailing 12 months to July 3, 2026. The market capitalization is $29.3B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ON Semiconductor Corp's Altman Z-Score?
ON Semiconductor Corp (ON) has an Altman Z-Score of 5.49, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is ON Semiconductor Corp's Piotroski F-Score?
ON Semiconductor Corp (ON) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ON Semiconductor Corp's earnings high quality?
ON Semiconductor Corp (ON) has an earnings quality ratio of 14.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can ON Semiconductor Corp cover its interest payments?
ON Semiconductor Corp (ON) has an interest coverage ratio of 1.19x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is ON Semiconductor Corp?
ON Semiconductor Corp (ON) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.