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

OLIN Corp is the larger business by last-quarter revenue ($1.7B vs $1.6B, roughly 1.1× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs -8.6%, a 25.0% gap on every dollar of revenue. On growth, OLIN Corp posted the faster year-over-year revenue change (-0.4% vs -10.0%). Over the past eight quarters, OLIN Corp's revenue compounded faster (0.9% CAGR vs -12.3%).

Olin Corporation is an American manufacturer of ammunition, chlorine, and sodium hydroxide. The company traces its roots to two companies, both founded in 1892: Franklin W. Olin's Equitable Powder Company and the Mathieson Alkali Works. Accidents at Olin chemical plants have exposed employees and nearby residents to health hazards.

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...

OLN vs ON — Head-to-Head

Bigger by revenue
OLN
OLN
1.1× larger
OLN
$1.7B
$1.6B
ON
Growing faster (revenue YoY)
OLN
OLN
+9.6% gap
OLN
-0.4%
-10.0%
ON
Higher net margin
ON
ON
25.0% more per $
ON
16.4%
-8.6%
OLN
Faster 2-yr revenue CAGR
OLN
OLN
Annualised
OLN
0.9%
-12.3%
ON

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
OLN
OLN
ON
ON
Revenue
$1.7B
$1.6B
Net Profit
$-143.2M
$255.0M
Gross Margin
1.9%
37.9%
Operating Margin
-9.4%
17.0%
Net Margin
-8.6%
16.4%
Revenue YoY
-0.4%
-10.0%
Net Profit YoY
-1517.8%
-32.9%
EPS (diluted)
$-1.25
$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
OLN
OLN
ON
ON
Q4 25
$1.7B
$1.6B
Q3 25
$1.7B
$1.5B
Q2 25
$1.8B
$1.4B
Q1 25
$1.6B
Q4 24
$1.7B
$1.7B
Q3 24
$1.6B
$1.8B
Q2 24
$1.6B
$1.7B
Q1 24
$1.6B
$1.9B
Net Profit
OLN
OLN
ON
ON
Q4 25
$-143.2M
$255.0M
Q3 25
$43.7M
$170.3M
Q2 25
$-2.8M
$-486.1M
Q1 25
$1.2M
Q4 24
$10.1M
$379.9M
Q3 24
$-25.2M
$401.7M
Q2 24
$72.3M
$338.2M
Q1 24
$47.8M
$453.0M
Gross Margin
OLN
OLN
ON
ON
Q4 25
1.9%
37.9%
Q3 25
10.7%
37.6%
Q2 25
7.9%
20.3%
Q1 25
9.0%
Q4 24
9.4%
45.2%
Q3 24
8.5%
45.4%
Q2 24
14.5%
45.2%
Q1 24
12.7%
45.8%
Operating Margin
OLN
OLN
ON
ON
Q4 25
-9.4%
17.0%
Q3 25
4.8%
13.2%
Q2 25
2.0%
-39.7%
Q1 25
2.7%
Q4 24
2.8%
23.7%
Q3 24
1.0%
25.3%
Q2 24
8.3%
22.4%
Q1 24
5.9%
28.2%
Net Margin
OLN
OLN
ON
ON
Q4 25
-8.6%
16.4%
Q3 25
2.6%
11.6%
Q2 25
-0.2%
-33.6%
Q1 25
0.1%
Q4 24
0.6%
22.1%
Q3 24
-1.6%
22.8%
Q2 24
4.4%
19.5%
Q1 24
2.9%
24.3%
EPS (diluted)
OLN
OLN
ON
ON
Q4 25
$-1.25
$0.63
Q3 25
$0.37
$0.41
Q2 25
$-0.01
$-1.15
Q1 25
$0.01
Q4 24
$0.10
$0.88
Q3 24
$-0.21
$0.93
Q2 24
$0.62
$0.78
Q1 24
$0.40
$1.04

Balance Sheet & Financial Strength

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

Metric
OLN
OLN
ON
ON
Cash + ST InvestmentsLiquidity on hand
$167.6M
$2.9B
Total DebtLower is stronger
$2.8B
$3.4B
Stockholders' EquityBook value
$1.8B
$7.9B
Total Assets
$7.3B
$13.0B
Debt / EquityLower = less leverage
1.55×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OLN
OLN
ON
ON
Q4 25
$167.6M
$2.9B
Q3 25
$2.8B
Q2 25
$3.0B
Q1 25
Q4 24
$175.6M
$3.0B
Q3 24
$2.8B
Q2 24
$2.7B
Q1 24
$2.6B
Total Debt
OLN
OLN
ON
ON
Q4 25
$2.8B
$3.4B
Q3 25
$3.0B
$3.4B
Q2 25
$3.0B
$3.4B
Q1 25
$3.0B
Q4 24
$2.7B
$3.4B
Q3 24
$2.8B
$3.4B
Q2 24
$2.8B
$3.4B
Q1 24
$2.7B
$3.4B
Stockholders' Equity
OLN
OLN
ON
ON
Q4 25
$1.8B
$7.9B
Q3 25
$2.0B
$7.9B
Q2 25
$2.0B
$8.0B
Q1 25
$2.0B
Q4 24
$2.0B
$8.8B
Q3 24
$2.1B
$8.6B
Q2 24
$2.1B
$8.3B
Q1 24
$2.2B
$8.1B
Total Assets
OLN
OLN
ON
ON
Q4 25
$7.3B
$13.0B
Q3 25
$7.6B
$13.1B
Q2 25
$7.7B
$13.3B
Q1 25
$7.7B
Q4 24
$7.6B
$14.1B
Q3 24
$7.5B
$13.9B
Q2 24
$7.7B
$13.7B
Q1 24
$7.6B
$13.5B
Debt / Equity
OLN
OLN
ON
ON
Q4 25
1.55×
0.43×
Q3 25
1.52×
0.43×
Q2 25
1.52×
0.42×
Q1 25
1.50×
Q4 24
1.34×
0.38×
Q3 24
1.34×
0.39×
Q2 24
1.31×
0.41×
Q1 24
1.24×
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
OLN
OLN
ON
ON
Operating Cash FlowLast quarter
$321.2M
$418.7M
Free Cash FlowOCF − Capex
$372.4M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OLN
OLN
ON
ON
Q4 25
$321.2M
$418.7M
Q3 25
$26.7M
$184.3M
Q2 25
$212.3M
$602.3M
Q1 25
$-86.0M
Q4 24
$141.7M
$579.7M
Q3 24
$189.9M
$465.8M
Q2 24
$90.6M
$362.2M
Q1 24
$81.0M
$498.7M
Free Cash Flow
OLN
OLN
ON
ON
Q4 25
$372.4M
Q3 25
$-44.4M
$106.1M
Q2 25
$454.7M
Q1 25
$-147.4M
Q4 24
$90.7M
$434.8M
Q3 24
$146.6M
$293.6M
Q2 24
$34.1M
$207.7M
Q1 24
$36.7M
$276.3M
FCF Margin
OLN
OLN
ON
ON
Q4 25
24.0%
Q3 25
-2.6%
7.2%
Q2 25
31.5%
Q1 25
-9.0%
Q4 24
5.4%
25.2%
Q3 24
9.2%
16.7%
Q2 24
2.1%
12.0%
Q1 24
2.2%
14.8%
Capex Intensity
OLN
OLN
ON
ON
Q4 25
3.0%
Q3 25
4.2%
5.3%
Q2 25
10.2%
Q1 25
3.7%
Q4 24
3.1%
8.4%
Q3 24
2.7%
9.8%
Q2 24
3.4%
8.9%
Q1 24
2.7%
11.9%
Cash Conversion
OLN
OLN
ON
ON
Q4 25
1.64×
Q3 25
0.61×
1.08×
Q2 25
Q1 25
-71.67×
Q4 24
14.03×
1.53×
Q3 24
1.16×
Q2 24
1.25×
1.07×
Q1 24
1.69×
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OLN
OLN

Chlorinechlorinederivativesandothercoproducts$456.2M27%
Causticsoda$400.2M24%
Militaryandlawenforcement$304.6M18%
Epoxyresins$194.9M12%
Aromaticsandallylics$164.4M10%
Commercial$144.8M9%

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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