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ON Semiconductor (ON) Ratios
ON Semiconductor Ratios
ON's free cash flow for Q2 2026 was $425.40M. For the 2026 fiscal year, ON's free cash flow was decreased by $-34.30M and operating cash flow was $459.70M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 4.52 | 5.06 | 2.71 | 2.78 | 2.45 |
| Quick Ratio | 2.98 | 3.38 | 1.74 | 2.00 | 1.56 |
| Cash Ratio | 1.67 | 2.02 | 1.14 | 1.42 | 0.88 |
| Solvency Ratio | 0.17 | 0.42 | 0.52 | 0.43 | 0.32 |
| Operating Cash Flow Ratio | 1.37 | 1.43 | 0.91 | 1.28 | 1.15 |
| Short-Term Operating Cash Flow Coverage | 51.16 | 0.00 | 2.49 | 17.82 | 11.09 |
| Net Current Asset Value | $ 990.90M | $ 1.48B | $ 497.70M | $ -42.10M | $ -1.24B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.28 | 0.24 | 0.25 | 0.27 | 0.32 |
| Debt-to-Equity Ratio | 0.45 | 0.38 | 0.43 | 0.52 | 0.68 |
| Debt-to-Capital Ratio | 0.31 | 0.28 | 0.30 | 0.34 | 0.40 |
| Long-Term Debt-to-Capital Ratio | 0.29 | 0.28 | 0.25 | 0.33 | 0.39 |
| Financial Leverage Ratio | 1.63 | 1.60 | 1.70 | 1.94 | 2.10 |
| Debt Service Coverage Ratio | 8.36 | 36.59 | 3.30 | 10.51 | 5.97 |
| Interest Coverage Ratio | 1.19 | 28.37 | 33.94 | 24.87 | 9.87 |
| Debt to Market Cap | 0.15 | 0.12 | 0.09 | 0.12 | 0.11 |
| Interest Debt Per Share | 8.61 | 8.02 | 7.97 | 7.68 | 7.58 |
| Net Debt to EBITDA | 1.49 | 0.27 | 0.27 | 0.10 | 0.93 |
| Profitability Margins | |||||
| Gross Profit Margin | 33.09% | 45.41% | 47.06% | 48.97% | 40.27% |
| EBIT Margin | 3.37% | 26.82% | 31.63% | 29.51% | 19.11% |
| EBITDA Margin | 14.81% | 35.90% | 39.02% | 36.14% | 27.97% |
| Operating Profit Margin | 1.40% | 24.96% | 30.76% | 28.34% | 19.10% |
| Pretax Profit Margin | 2.19% | 25.94% | 30.73% | 28.37% | 17.18% |
| Net Profit Margin | 2.02% | 22.21% | 26.46% | 22.85% | 14.98% |
| Continuous Operations Profit Margin | 2.06% | 22.23% | 26.48% | 22.87% | 15.00% |
| Net Income Per EBT | 92.16% | 85.60% | 86.11% | 80.53% | 87.20% |
| EBT Per EBIT | 155.94% | 103.94% | 99.89% | 100.09% | 89.92% |
| Return on Assets (ROA) | 0.97% | 11.16% | 16.52% | 15.88% | 10.49% |
| Return on Equity (ROE) | 1.58% | 17.88% | 28.06% | 30.74% | 22.02% |
| Return on Capital Employed (ROCE) | 0.75% | 13.86% | 23.01% | 23.80% | 15.93% |
| Return on Invested Capital (ROIC) | 0.70% | 11.88% | 18.50% | 18.87% | 13.64% |
| Return on Tangible Assets | 1.15% | 12.85% | 19.26% | 18.94% | 14.01% |
| Earnings Yield | 0.54% | 5.84% | 6.07% | 7.04% | 3.49% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.28 | 6.10 | 8.82 | 9.89 | 8.33 |
| Payables Turnover | 7.01 | 6.73 | 6.02 | 4.99 | 6.34 |
| Inventory Turnover | 2.02 | 1.72 | 2.07 | 2.63 | 2.92 |
| Fixed Asset Turnover | 1.77 | 1.61 | 1.86 | 2.38 | 2.65 |
| Asset Turnover | 0.48 | 0.50 | 0.62 | 0.70 | 0.70 |
| Working Capital Turnover Ratio | 1.20 | 1.55 | 2.23 | 2.82 | 3.60 |
| Cash Conversion Cycle | 187.12 | 217.21 | 157.16 | 102.61 | 111.33 |
| Days of Sales Outstanding | 58.16 | 59.79 | 41.37 | 36.92 | 43.83 |
| Days of Inventory Outstanding | 181.03 | 211.66 | 176.41 | 138.89 | 125.08 |
| Days of Payables Outstanding | 52.07 | 54.24 | 60.61 | 73.20 | 57.59 |
| Operating Cycle | 239.20 | 271.45 | 217.78 | 175.81 | 168.92 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.28 | 4.46 | 4.59 | 6.08 | 4.19 |
| Free Cash Flow Per Share | 3.45 | 2.84 | 1.02 | 3.69 | 3.03 |
| Dividend Paid and CapEx Coverage Ratio | 5.16 | 2.75 | 1.28 | 2.54 | 3.62 |
| Capital Expenditure Coverage Ratio | 5.16 | 2.75 | 1.28 | 2.54 | 3.62 |
| Operating Cash Flow Coverage Ratio | 0.51 | 0.57 | 0.59 | 0.82 | 0.58 |
| Operating Cash Flow to Sales Ratio | 0.29 | 0.27 | 0.24 | 0.32 | 0.26 |
| Free Cash Flow Yield | 6.37% | 4.50% | 1.22% | 5.91% | 4.46% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 186.72 | 17.13 | 16.47 | 14.20 | 28.64 |
| Price-to-Sales (P/S) Ratio | 3.71 | 3.80 | 4.36 | 3.25 | 4.29 |
| Price-to-Book (P/B) Ratio | 2.90 | 3.06 | 4.62 | 4.37 | 6.31 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 15.69 | 22.23 | 82.06 | 16.92 | 22.41 |
| Price-to-Operating Cash Flow Ratio | 12.65 | 14.14 | 18.19 | 10.26 | 16.23 |
| Price-to-Earnings Growth (PEG) Ratio | -2.03 | -0.62 | 1.06 | 0.17 | 0.09 |
| Enterprise Value Multiple | 26.54 | 10.86 | 11.44 | 9.08 | 16.27 |
| Enterprise Value | 23.58B | 27.62B | 36.85B | 27.33B | 30.66B |
| EV to EBITDA | 26.54 | 10.86 | 11.44 | 9.08 | 16.27 |
| EV to Sales | 3.93 | 3.90 | 4.47 | 3.28 | 4.55 |
| EV to Free Cash Flow | 16.62 | 22.78 | 84.06 | 17.11 | 23.77 |
| EV to Operating Cash Flow | 13.40 | 14.49 | 18.64 | 10.38 | 17.20 |
| Tangible Book Value Per Share | 13.79 | 16.30 | 13.75 | 9.86 | 5.13 |
| Shareholders’ Equity Per Share | 18.67 | 20.58 | 18.07 | 14.29 | 10.77 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.06 | 0.14 | 0.14 | 0.19 | 0.13 |
| Revenue Per Share | 14.59 | 16.57 | 19.16 | 19.22 | 15.83 |
| Net Income Per Share | 0.29 | 3.68 | 5.07 | 4.39 | 2.37 |
| Tax Burden | 0.92 | 0.86 | 0.86 | 0.81 | 0.87 |
| Interest Burden | 0.65 | 0.97 | 0.97 | 0.96 | 0.90 |
| Research & Development to Revenue | 0.10 | 0.09 | 0.07 | 0.07 | 0.10 |
| SG&A to Revenue | 0.10 | 0.09 | 0.04 | 0.04 | 0.05 |
| Stock-Based Compensation to Revenue | 0.00 | 0.02 | 0.01 | 0.01 | 0.02 |
| Income Quality | 14.54 | 1.21 | 0.90 | 1.38 | 1.76 |
Currency in USD