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Side-by-side financial comparison of ON Semiconductor (ON) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $889.0M, roughly 1.7× PHINIA INC.). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $67.0M). Over the past eight quarters, PHINIA INC.'s revenue compounded faster (1.5% CAGR vs -12.3%).
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...
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
ON vs PHIN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $889.0M |
| Net Profit | $255.0M | — |
| Gross Margin | 37.9% | 21.7% |
| Operating Margin | 17.0% | 7.8% |
| Net Margin | 16.4% | — |
| Revenue YoY | -10.0% | 6.7% |
| Net Profit YoY | -32.9% | — |
| EPS (diluted) | $0.63 | $1.14 |
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.
| Q4 25 | $1.6B | $889.0M | ||
| Q3 25 | $1.5B | $908.0M | ||
| Q2 25 | $1.4B | $890.0M | ||
| Q1 25 | — | $796.0M | ||
| Q4 24 | $1.7B | $833.0M | ||
| Q3 24 | $1.8B | $839.0M | ||
| Q2 24 | $1.7B | $868.0M | ||
| Q1 24 | $1.9B | $863.0M |
| Q4 25 | $255.0M | — | ||
| Q3 25 | $170.3M | $13.0M | ||
| Q2 25 | $-486.1M | $46.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | $379.9M | — | ||
| Q3 24 | $401.7M | $31.0M | ||
| Q2 24 | $338.2M | $14.0M | ||
| Q1 24 | $453.0M | $29.0M |
| Q4 25 | 37.9% | 21.7% | ||
| Q3 25 | 37.6% | 22.0% | ||
| Q2 25 | 20.3% | 22.1% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | 45.2% | 22.7% | ||
| Q3 24 | 45.4% | 22.3% | ||
| Q2 24 | 45.2% | 21.7% | ||
| Q1 24 | 45.8% | 22.2% |
| Q4 25 | 17.0% | 7.8% | ||
| Q3 25 | 13.2% | 3.7% | ||
| Q2 25 | -39.7% | 10.0% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | 23.7% | 6.1% | ||
| Q3 24 | 25.3% | 7.9% | ||
| Q2 24 | 22.4% | 8.2% | ||
| Q1 24 | 28.2% | 8.2% |
| Q4 25 | 16.4% | — | ||
| Q3 25 | 11.6% | 1.4% | ||
| Q2 25 | -33.6% | 5.2% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 22.8% | 3.7% | ||
| Q2 24 | 19.5% | 1.6% | ||
| Q1 24 | 24.3% | 3.4% |
| Q4 25 | $0.63 | $1.14 | ||
| Q3 25 | $0.41 | $0.33 | ||
| Q2 25 | $-1.15 | $1.14 | ||
| Q1 25 | — | $0.63 | ||
| Q4 24 | $0.88 | $0.13 | ||
| Q3 24 | $0.93 | $0.70 | ||
| Q2 24 | $0.78 | $0.31 | ||
| Q1 24 | $1.04 | $0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9B | $359.0M |
| Total DebtLower is stronger | $3.4B | $970.0M |
| Stockholders' EquityBook value | $7.9B | $1.6B |
| Total Assets | $13.0B | $3.8B |
| Debt / EquityLower = less leverage | 0.43× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9B | $359.0M | ||
| Q3 25 | $2.8B | $349.0M | ||
| Q2 25 | $3.0B | $347.0M | ||
| Q1 25 | — | $373.0M | ||
| Q4 24 | $3.0B | $484.0M | ||
| Q3 24 | $2.8B | $477.0M | ||
| Q2 24 | $2.7B | $339.0M | ||
| Q1 24 | $2.6B | $325.0M |
| Q4 25 | $3.4B | $970.0M | ||
| Q3 25 | $3.4B | $990.0M | ||
| Q2 25 | $3.4B | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | $3.4B | $988.0M | ||
| Q3 24 | $3.4B | $987.0M | ||
| Q2 24 | $3.4B | $821.0M | ||
| Q1 24 | $3.4B | $706.0M |
| Q4 25 | $7.9B | $1.6B | ||
| Q3 25 | $7.9B | $1.6B | ||
| Q2 25 | $8.0B | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $8.8B | $1.6B | ||
| Q3 24 | $8.6B | $1.7B | ||
| Q2 24 | $8.3B | $1.7B | ||
| Q1 24 | $8.1B | $1.9B |
| Q4 25 | $13.0B | $3.8B | ||
| Q3 25 | $13.1B | $4.0B | ||
| Q2 25 | $13.3B | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $14.1B | $3.8B | ||
| Q3 24 | $13.9B | $4.0B | ||
| Q2 24 | $13.7B | $3.9B | ||
| Q1 24 | $13.5B | $4.0B |
| Q4 25 | 0.43× | 0.61× | ||
| Q3 25 | 0.43× | 0.62× | ||
| Q2 25 | 0.42× | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | 0.38× | 0.63× | ||
| Q3 24 | 0.39× | 0.58× | ||
| Q2 24 | 0.41× | 0.47× | ||
| Q1 24 | 0.42× | 0.38× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $418.7M | $96.0M |
| Free Cash FlowOCF − Capex | $372.4M | $67.0M |
| FCF MarginFCF / Revenue | 24.0% | 7.5% |
| Capex IntensityCapex / Revenue | 3.0% | 3.3% |
| Cash ConversionOCF / Net Profit | 1.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $418.7M | $96.0M | ||
| Q3 25 | $184.3M | $119.0M | ||
| Q2 25 | $602.3M | $57.0M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | $579.7M | $73.0M | ||
| Q3 24 | $465.8M | $95.0M | ||
| Q2 24 | $362.2M | $109.0M | ||
| Q1 24 | $498.7M | $31.0M |
| Q4 25 | $372.4M | $67.0M | ||
| Q3 25 | $106.1M | $93.0M | ||
| Q2 25 | $454.7M | $23.0M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | $434.8M | $53.0M | ||
| Q3 24 | $293.6M | $70.0M | ||
| Q2 24 | $207.7M | $92.0M | ||
| Q1 24 | $276.3M | $-12.0M |
| Q4 25 | 24.0% | 7.5% | ||
| Q3 25 | 7.2% | 10.2% | ||
| Q2 25 | 31.5% | 2.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 25.2% | 6.4% | ||
| Q3 24 | 16.7% | 8.3% | ||
| Q2 24 | 12.0% | 10.6% | ||
| Q1 24 | 14.8% | -1.4% |
| Q4 25 | 3.0% | 3.3% | ||
| Q3 25 | 5.3% | 2.9% | ||
| Q2 25 | 10.2% | 3.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | 8.4% | 2.4% | ||
| Q3 24 | 9.8% | 3.0% | ||
| Q2 24 | 8.9% | 2.0% | ||
| Q1 24 | 11.9% | 5.0% |
| Q4 25 | 1.64× | — | ||
| Q3 25 | 1.08× | 9.15× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | 1.53× | — | ||
| Q3 24 | 1.16× | 3.06× | ||
| Q2 24 | 1.07× | 7.79× | ||
| Q1 24 | 1.10× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
