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Side-by-side financial comparison of nVent Electric plc (NVT) and ON Semiconductor (ON). Click either name above to swap in a different company.

ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× nVent Electric plc). ON Semiconductor runs the higher net margin — 16.4% vs 11.1%, a 5.3% gap on every dollar of revenue. On growth, nVent Electric plc posted the faster year-over-year revenue change (127.3% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $165.7M). Over the past eight quarters, nVent Electric plc's revenue compounded faster (10.4% CAGR vs -12.3%).

NVent Electric plc is an American-British multinational company providing electrical connection and enclosure products. The company designs, manufactures, markets, and services products used to connect, protect, and manage electrical systems in commercial, industrial, residential, infrastructure, and data center applications.

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...

NVT vs ON — Head-to-Head

Bigger by revenue
ON
ON
1.5× larger
ON
$1.6B
$1.1B
NVT
Growing faster (revenue YoY)
NVT
NVT
+137.3% gap
NVT
127.3%
-10.0%
ON
Higher net margin
ON
ON
5.3% more per $
ON
16.4%
11.1%
NVT
More free cash flow
ON
ON
$206.7M more FCF
ON
$372.4M
$165.7M
NVT
Faster 2-yr revenue CAGR
NVT
NVT
Annualised
NVT
10.4%
-12.3%
ON

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NVT
NVT
ON
ON
Revenue
$1.1B
$1.6B
Net Profit
$118.8M
$255.0M
Gross Margin
36.5%
37.9%
Operating Margin
15.4%
17.0%
Net Margin
11.1%
16.4%
Revenue YoY
127.3%
-10.0%
Net Profit YoY
1010.3%
-32.9%
EPS (diluted)
$0.74
$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
NVT
NVT
ON
ON
Q4 25
$1.1B
$1.6B
Q3 25
$1.1B
$1.5B
Q2 25
$963.1M
$1.4B
Q1 25
$809.3M
Q4 24
$469.2M
$1.7B
Q3 24
$782.0M
$1.8B
Q2 24
$880.3M
$1.7B
Q1 24
$874.6M
$1.9B
Net Profit
NVT
NVT
ON
ON
Q4 25
$118.8M
$255.0M
Q3 25
$121.2M
$170.3M
Q2 25
$109.5M
$-486.1M
Q1 25
$360.7M
Q4 24
$10.7M
$379.9M
Q3 24
$105.0M
$401.7M
Q2 24
$111.0M
$338.2M
Q1 24
$105.1M
$453.0M
Gross Margin
NVT
NVT
ON
ON
Q4 25
36.5%
37.9%
Q3 25
37.4%
37.6%
Q2 25
38.6%
20.3%
Q1 25
38.8%
Q4 24
37.1%
45.2%
Q3 24
39.8%
45.4%
Q2 24
41.8%
45.2%
Q1 24
40.6%
45.8%
Operating Margin
NVT
NVT
ON
ON
Q4 25
15.4%
17.0%
Q3 25
15.8%
13.2%
Q2 25
16.3%
-39.7%
Q1 25
16.1%
Q4 24
14.3%
23.7%
Q3 24
17.0%
25.3%
Q2 24
19.1%
22.4%
Q1 24
18.2%
28.2%
Net Margin
NVT
NVT
ON
ON
Q4 25
11.1%
16.4%
Q3 25
11.5%
11.6%
Q2 25
11.4%
-33.6%
Q1 25
44.6%
Q4 24
2.3%
22.1%
Q3 24
13.4%
22.8%
Q2 24
12.6%
19.5%
Q1 24
12.0%
24.3%
EPS (diluted)
NVT
NVT
ON
ON
Q4 25
$0.74
$0.63
Q3 25
$0.74
$0.41
Q2 25
$0.67
$-1.15
Q1 25
$2.16
Q4 24
$0.07
$0.88
Q3 24
$0.62
$0.93
Q2 24
$0.66
$0.78
Q1 24
$0.62
$1.04

Balance Sheet & Financial Strength

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

Metric
NVT
NVT
ON
ON
Cash + ST InvestmentsLiquidity on hand
$2.9B
Total DebtLower is stronger
$1.6B
$3.4B
Stockholders' EquityBook value
$3.7B
$7.9B
Total Assets
$6.9B
$13.0B
Debt / EquityLower = less leverage
0.42×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVT
NVT
ON
ON
Q4 25
$2.9B
Q3 25
$2.8B
Q2 25
$3.0B
Q1 25
Q4 24
$3.0B
Q3 24
$2.8B
Q2 24
$2.7B
Q1 24
$2.6B
Total Debt
NVT
NVT
ON
ON
Q4 25
$1.6B
$3.4B
Q3 25
$1.6B
$3.4B
Q2 25
$1.8B
$3.4B
Q1 25
$1.8B
Q4 24
$2.2B
$3.4B
Q3 24
$2.3B
$3.4B
Q2 24
$1.8B
$3.4B
Q1 24
$1.8B
$3.4B
Stockholders' Equity
NVT
NVT
ON
ON
Q4 25
$3.7B
$7.9B
Q3 25
$3.6B
$7.9B
Q2 25
$3.5B
$8.0B
Q1 25
$3.6B
Q4 24
$3.2B
$8.8B
Q3 24
$3.3B
$8.6B
Q2 24
$3.3B
$8.3B
Q1 24
$3.2B
$8.1B
Total Assets
NVT
NVT
ON
ON
Q4 25
$6.9B
$13.0B
Q3 25
$6.8B
$13.1B
Q2 25
$6.7B
$13.3B
Q1 25
$6.7B
Q4 24
$6.7B
$14.1B
Q3 24
$6.9B
$13.9B
Q2 24
$6.2B
$13.7B
Q1 24
$6.2B
$13.5B
Debt / Equity
NVT
NVT
ON
ON
Q4 25
0.42×
0.43×
Q3 25
0.44×
0.43×
Q2 25
0.50×
0.42×
Q1 25
0.49×
Q4 24
0.67×
0.38×
Q3 24
0.69×
0.39×
Q2 24
0.54×
0.41×
Q1 24
0.55×
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
NVT
NVT
ON
ON
Operating Cash FlowLast quarter
$202.4M
$418.7M
Free Cash FlowOCF − Capex
$165.7M
$372.4M
FCF MarginFCF / Revenue
15.5%
24.0%
Capex IntensityCapex / Revenue
3.4%
3.0%
Cash ConversionOCF / Net Profit
1.70×
1.64×
TTM Free Cash FlowTrailing 4 quarters
$371.9M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVT
NVT
ON
ON
Q4 25
$202.4M
$418.7M
Q3 25
$219.5M
$184.3M
Q2 25
$-16.9M
$602.3M
Q1 25
$60.2M
Q4 24
$224.6M
$579.7M
Q3 24
$197.7M
$465.8M
Q2 24
$130.8M
$362.2M
Q1 24
$90.0M
$498.7M
Free Cash Flow
NVT
NVT
ON
ON
Q4 25
$165.7M
$372.4M
Q3 25
$200.9M
$106.1M
Q2 25
$-33.8M
$454.7M
Q1 25
$39.1M
Q4 24
$198.1M
$434.8M
Q3 24
$184.8M
$293.6M
Q2 24
$112.3M
$207.7M
Q1 24
$73.9M
$276.3M
FCF Margin
NVT
NVT
ON
ON
Q4 25
15.5%
24.0%
Q3 25
19.1%
7.2%
Q2 25
-3.5%
31.5%
Q1 25
4.8%
Q4 24
42.2%
25.2%
Q3 24
23.6%
16.7%
Q2 24
12.8%
12.0%
Q1 24
8.4%
14.8%
Capex Intensity
NVT
NVT
ON
ON
Q4 25
3.4%
3.0%
Q3 25
1.8%
5.3%
Q2 25
1.8%
10.2%
Q1 25
2.6%
Q4 24
5.6%
8.4%
Q3 24
1.6%
9.8%
Q2 24
2.1%
8.9%
Q1 24
1.8%
11.9%
Cash Conversion
NVT
NVT
ON
ON
Q4 25
1.70×
1.64×
Q3 25
1.81×
1.08×
Q2 25
-0.15×
Q1 25
0.17×
Q4 24
20.99×
1.53×
Q3 24
1.88×
1.16×
Q2 24
1.18×
1.07×
Q1 24
0.86×
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVT
NVT

Industrial Sector$554.0M52%
Electricaland Fastening Solutions Segment$278.0M26%
Energy Sector$235.0M22%

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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