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Side-by-side financial comparison of Liberty Media Corp (FWONA) and ON Semiconductor (ON). Click either name above to swap in a different company.

Liberty Media Corp is the larger business by last-quarter revenue ($1.6B vs $1.6B, roughly 1.0× ON Semiconductor). Liberty Media Corp runs the higher net margin — 20.7% vs 16.4%, a 4.3% gap on every dollar of revenue. On growth, Liberty Media Corp posted the faster year-over-year revenue change (150.7% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $62.0M). Over the past eight quarters, ON Semiconductor's revenue compounded faster (-12.3% CAGR vs -23.5%).

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...

FWONA vs ON — Head-to-Head

Bigger by revenue
FWONA
FWONA
1.0× larger
FWONA
$1.6B
$1.6B
ON
Growing faster (revenue YoY)
FWONA
FWONA
+160.7% gap
FWONA
150.7%
-10.0%
ON
Higher net margin
FWONA
FWONA
4.3% more per $
FWONA
20.7%
16.4%
ON
More free cash flow
ON
ON
$310.4M more FCF
ON
$372.4M
$62.0M
FWONA
Faster 2-yr revenue CAGR
ON
ON
Annualised
ON
-12.3%
-23.5%
FWONA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FWONA
FWONA
ON
ON
Revenue
$1.6B
$1.6B
Net Profit
$333.0M
$255.0M
Gross Margin
37.9%
Operating Margin
14.0%
17.0%
Net Margin
20.7%
16.4%
Revenue YoY
150.7%
-10.0%
Net Profit YoY
193.8%
-32.9%
EPS (diluted)
$0.63

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FWONA
FWONA
ON
ON
Q4 25
$1.6B
$1.6B
Q3 25
$1.1B
$1.5B
Q2 25
$1.3B
$1.4B
Q1 25
$447.0M
Q4 24
$-3.2B
$1.7B
Q3 24
$911.0M
$1.8B
Q2 24
$3.2B
$1.7B
Q1 24
$2.7B
$1.9B
Net Profit
FWONA
FWONA
ON
ON
Q4 25
$333.0M
$255.0M
Q3 25
$13.0M
$170.3M
Q2 25
$204.0M
$-486.1M
Q1 25
$5.0M
Q4 24
$-355.0M
$379.9M
Q3 24
$-2.4B
$401.7M
Q2 24
$457.0M
$338.2M
Q1 24
$203.0M
$453.0M
Gross Margin
FWONA
FWONA
ON
ON
Q4 25
37.9%
Q3 25
37.6%
Q2 25
20.3%
Q1 25
Q4 24
45.2%
Q3 24
45.4%
Q2 24
45.2%
Q1 24
45.8%
Operating Margin
FWONA
FWONA
ON
ON
Q4 25
14.0%
17.0%
Q3 25
13.7%
13.2%
Q2 25
20.4%
-39.7%
Q1 25
-15.9%
Q4 24
23.7%
Q3 24
11.7%
25.3%
Q2 24
16.7%
22.4%
Q1 24
18.3%
28.2%
Net Margin
FWONA
FWONA
ON
ON
Q4 25
20.7%
16.4%
Q3 25
1.2%
11.6%
Q2 25
15.2%
-33.6%
Q1 25
1.1%
Q4 24
11.2%
22.1%
Q3 24
-259.9%
22.8%
Q2 24
14.4%
19.5%
Q1 24
7.4%
24.3%
EPS (diluted)
FWONA
FWONA
ON
ON
Q4 25
$0.63
Q3 25
$0.41
Q2 25
$-1.15
Q1 25
Q4 24
$0.88
Q3 24
$0.93
Q2 24
$0.78
Q1 24
$1.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FWONA
FWONA
ON
ON
Cash + ST InvestmentsLiquidity on hand
$1.1B
$2.9B
Total DebtLower is stronger
$5.1B
$3.4B
Stockholders' EquityBook value
$7.8B
$7.9B
Total Assets
$15.4B
$13.0B
Debt / EquityLower = less leverage
0.66×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FWONA
FWONA
ON
ON
Q4 25
$1.1B
$2.9B
Q3 25
$1.6B
$2.8B
Q2 25
$3.4B
$3.0B
Q1 25
$3.1B
Q4 24
$3.0B
$3.0B
Q3 24
$3.1B
$2.8B
Q2 24
$2.1B
$2.7B
Q1 24
$1.7B
$2.6B
Total Debt
FWONA
FWONA
ON
ON
Q4 25
$5.1B
$3.4B
Q3 25
$7.0B
$3.4B
Q2 25
$4.8B
$3.4B
Q1 25
$4.6B
Q4 24
$4.5B
$3.4B
Q3 24
$4.4B
$3.4B
Q2 24
$15.0B
$3.4B
Q1 24
$15.4B
$3.4B
Stockholders' Equity
FWONA
FWONA
ON
ON
Q4 25
$7.8B
$7.9B
Q3 25
$7.4B
$7.9B
Q2 25
$7.3B
$8.0B
Q1 25
$7.0B
Q4 24
$7.0B
$8.8B
Q3 24
$7.4B
$8.6B
Q2 24
$17.1B
$8.3B
Q1 24
$16.6B
$8.1B
Total Assets
FWONA
FWONA
ON
ON
Q4 25
$15.4B
$13.0B
Q3 25
$17.8B
$13.1B
Q2 25
$13.8B
$13.3B
Q1 25
$13.3B
Q4 24
$12.9B
$14.1B
Q3 24
$13.2B
$13.9B
Q2 24
$42.6B
$13.7B
Q1 24
$42.4B
$13.5B
Debt / Equity
FWONA
FWONA
ON
ON
Q4 25
0.66×
0.43×
Q3 25
0.95×
0.43×
Q2 25
0.65×
0.42×
Q1 25
0.65×
Q4 24
0.65×
0.38×
Q3 24
0.59×
0.39×
Q2 24
0.88×
0.41×
Q1 24
0.93×
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FWONA
FWONA
ON
ON
Operating Cash FlowLast quarter
$123.0M
$418.7M
Free Cash FlowOCF − Capex
$62.0M
$372.4M
FCF MarginFCF / Revenue
3.9%
24.0%
Capex IntensityCapex / Revenue
3.8%
3.0%
Cash ConversionOCF / Net Profit
0.37×
1.64×
TTM Free Cash FlowTrailing 4 quarters
$789.0M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FWONA
FWONA
ON
ON
Q4 25
$123.0M
$418.7M
Q3 25
$173.0M
$184.3M
Q2 25
$231.0M
$602.3M
Q1 25
$381.0M
Q4 24
$-23.0M
$579.7M
Q3 24
$182.0M
$465.8M
Q2 24
$752.0M
$362.2M
Q1 24
$395.0M
$498.7M
Free Cash Flow
FWONA
FWONA
ON
ON
Q4 25
$62.0M
$372.4M
Q3 25
$170.0M
$106.1M
Q2 25
$209.0M
$454.7M
Q1 25
$348.0M
Q4 24
$-46.0M
$434.8M
Q3 24
$-153.0M
$293.6M
Q2 24
$566.0M
$207.7M
Q1 24
$194.0M
$276.3M
FCF Margin
FWONA
FWONA
ON
ON
Q4 25
3.9%
24.0%
Q3 25
15.7%
7.2%
Q2 25
15.6%
31.5%
Q1 25
77.9%
Q4 24
1.4%
25.2%
Q3 24
-16.8%
16.7%
Q2 24
17.9%
12.0%
Q1 24
7.1%
14.8%
Capex Intensity
FWONA
FWONA
ON
ON
Q4 25
3.8%
3.0%
Q3 25
0.3%
5.3%
Q2 25
1.6%
10.2%
Q1 25
7.4%
Q4 24
-0.7%
8.4%
Q3 24
36.8%
9.8%
Q2 24
5.9%
8.9%
Q1 24
7.3%
11.9%
Cash Conversion
FWONA
FWONA
ON
ON
Q4 25
0.37×
1.64×
Q3 25
13.31×
1.08×
Q2 25
1.13×
Q1 25
76.20×
Q4 24
1.53×
Q3 24
1.16×
Q2 24
1.65×
1.07×
Q1 24
1.95×
1.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FWONA
FWONA

Formula One$1.4B87%
Product Service Or Other$131.0M8%
Other$77.0M5%

ON
ON

Industrial Segment$426.3M27%
Other End Markets Segment$337.3M22%
Intelligent Sensing Segments$284.0M18%
Direct Customers$282.4M18%
Intelligent Sensing Group$230.0M15%

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