onsemiON

onsemiON

Revenue: is the business selling more than it used to?

$6.0B−15% YoYFY 2025

→Revenue reached $6.0B in 2025, compounding -10% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $6.2B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Net income: how much of that revenue becomes profit?

$121M−92% YoYFY 2025

→Net income was $121M in 2025, compounding -60% a year over three years. Earnings per share moved +35% over the last twelve months. Trailing twelve-month profit stands at $630M.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

How fast is it growing, year by year?

-15.3%revenue growth, FY 2025

→Revenue grew -15% in 2025 against a five-year average of +4%. Earnings fell +92% on top of it. 2012's swing into loss (-938%) and 2017's +345% earnings rebound off a collapsed base and 2021's +331% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Revenue per share: is your slice growing as fast as the company?

$14.56revenue per share, FY 2025

→Revenue per share reached $14.56 in 2025, compounding -8% a year against -10% for ON as a whole. Buybacks added roughly 2.6 points to your per-share result. Free cash flow per share stands at $3.44.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Free cash flow: what is left in real cash after everything?

$1.4B+17% YoYFY 2025

→Free cash flow was $1.4B in 2025, compounding -4% a year since 2022. The trailing twelve months stand at $1.5B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Where does each dollar of revenue actually go?

→Of $6.0B in 2025 sales, $121M reaches net profit - 2 cents on the dollar. The largest single deduction is producing the product ($4.0B).

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

How much of every sales dollar ends up as free cash?

→24 cents of every sales dollar became free cash in 2025, up 4 points since 2022 - the best conversion in its filed history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is capital spending, at 6% of revenue (stock compensation 2%). That share has fallen since 2022, so the cost of competing is easing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in 3 of the last 5 years, most recently -95% against -15%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin compressed 27 points to 1% since 2022. After everything, 2 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

What does it earn on the money it uses?

→ROE of 9% sits well above ROCE of 1%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

What has the market paid for ON over time?

48.6xP/E today

→At 48.6x earnings, the market is paying +145% more than ON's own 11-year median of 19.8x. Expectations are elevated, so more has to go right to justify the price.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

What cash return does the business throw off per dollar of market value?

5.2%FCF yield today

→Every dollar of market value currently buys 5.2% of annual free cash flow, right at ON's 11-year median of 5.7%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Could it handle its debt if things went wrong?

→Debt of $4.5B sits against $3.5B of cash, or 0.6x shareholders' equity. Earnings cover the interest bill 11 times over, so the debt is comfortably serviced.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Is the company's own capital growing?

→The company's own capital shrank from $7.8B in 2023 to $7.2B (-7%). Buybacks or losses are drawing the buffer down - the distinction matters.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

How much goes back, and how much leaks out as stock comp?

→Shareholders received $1.4B in buybacks in 2025. Stock compensation issued $144M of new shares in the same year, offsetting 10% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

How fast is your ownership being diluted - or concentrated?

→The share count shrank 4.8% in 2025, averaging 2.8% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Does ON earn more on its capital than that capital costs?

→ON earns 0.7% on the capital it employs, below the 10% most investors treat as the cost of capital. It was 23.8% in 2022, so the trend is down, though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

ON has issued or retired shares - did shareholders end up better off?

→ON has shrunk its share count -10% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +93% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03

onsemiON

Are the people running it buying or selling?

→Insiders sold $21M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 45 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-03