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Side-by-side financial comparison of ON Semiconductor (ON) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.2× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 16.4%, a 0.1% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -10.0%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $372.4M).
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...
ON vs Q — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $255.0M | $211.0M |
| Gross Margin | 37.9% | 45.1% |
| Operating Margin | 17.0% | 21.3% |
| Net Margin | 16.4% | 16.5% |
| Revenue YoY | -10.0% | 11.1% |
| Net Profit YoY | -32.9% | 6.0% |
| EPS (diluted) | $0.63 | $1.01 |
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 | — | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.9B | — | ||
| Q4 23 | $2.0B | — |
| Q4 25 | $255.0M | — | ||
| Q3 25 | $170.3M | $211.0M | ||
| Q2 25 | $-486.1M | — | ||
| Q4 24 | $379.9M | — | ||
| Q3 24 | $401.7M | $199.0M | ||
| Q2 24 | $338.2M | — | ||
| Q1 24 | $453.0M | — | ||
| Q4 23 | $562.7M | — |
| Q4 25 | 37.9% | — | ||
| Q3 25 | 37.6% | 45.1% | ||
| Q2 25 | 20.3% | — | ||
| Q4 24 | 45.2% | — | ||
| Q3 24 | 45.4% | 47.0% | ||
| Q2 24 | 45.2% | — | ||
| Q1 24 | 45.8% | — | ||
| Q4 23 | 46.7% | — |
| Q4 25 | 17.0% | — | ||
| Q3 25 | 13.2% | 21.3% | ||
| Q2 25 | -39.7% | — | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 25.3% | 21.8% | ||
| Q2 24 | 22.4% | — | ||
| Q1 24 | 28.2% | — | ||
| Q4 23 | 30.3% | — |
| Q4 25 | 16.4% | — | ||
| Q3 25 | 11.6% | 16.5% | ||
| Q2 25 | -33.6% | — | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 22.8% | 17.3% | ||
| Q2 24 | 19.5% | — | ||
| Q1 24 | 24.3% | — | ||
| Q4 23 | 27.9% | — |
| Q4 25 | $0.63 | — | ||
| Q3 25 | $0.41 | $1.01 | ||
| Q2 25 | $-1.15 | — | ||
| Q4 24 | $0.88 | — | ||
| Q3 24 | $0.93 | $0.95 | ||
| Q2 24 | $0.78 | — | ||
| Q1 24 | $1.04 | — | ||
| Q4 23 | $1.28 | — |
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 | $128.0M |
| Total DebtLower is stronger | $3.4B | $1.7B |
| Stockholders' EquityBook value | $7.9B | $9.1B |
| Total Assets | $13.0B | $12.5B |
| Debt / EquityLower = less leverage | 0.43× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $128.0M | ||
| Q2 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.6B | — | ||
| Q4 23 | $2.5B | — |
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | $1.7B | ||
| Q2 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.4B | — | ||
| Q4 23 | $3.4B | — |
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.9B | $9.1B | ||
| Q2 25 | $8.0B | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.6B | $11.1B | ||
| Q2 24 | $8.3B | — | ||
| Q1 24 | $8.1B | — | ||
| Q4 23 | $7.8B | — |
| Q4 25 | $13.0B | — | ||
| Q3 25 | $13.1B | $12.5B | ||
| Q2 25 | $13.3B | — | ||
| Q4 24 | $14.1B | — | ||
| Q3 24 | $13.9B | — | ||
| Q2 24 | $13.7B | — | ||
| Q1 24 | $13.5B | — | ||
| Q4 23 | $13.2B | — |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.43× | 0.19× | ||
| Q2 25 | 0.42× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 0.42× | — | ||
| Q4 23 | 0.43× | — |
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 | $782.0M |
| Free Cash FlowOCF − Capex | $372.4M | $568.0M |
| FCF MarginFCF / Revenue | 24.0% | 44.5% |
| Capex IntensityCapex / Revenue | 3.0% | 16.8% |
| Cash ConversionOCF / Net Profit | 1.64× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $418.7M | — | ||
| Q3 25 | $184.3M | $782.0M | ||
| Q2 25 | $602.3M | — | ||
| Q4 24 | $579.7M | — | ||
| Q3 24 | $465.8M | — | ||
| Q2 24 | $362.2M | — | ||
| Q1 24 | $498.7M | — | ||
| Q4 23 | $611.2M | — |
| Q4 25 | $372.4M | — | ||
| Q3 25 | $106.1M | $568.0M | ||
| Q2 25 | $454.7M | — | ||
| Q4 24 | $434.8M | — | ||
| Q3 24 | $293.6M | — | ||
| Q2 24 | $207.7M | — | ||
| Q1 24 | $276.3M | — | ||
| Q4 23 | $257.2M | — |
| Q4 25 | 24.0% | — | ||
| Q3 25 | 7.2% | 44.5% | ||
| Q2 25 | 31.5% | — | ||
| Q4 24 | 25.2% | — | ||
| Q3 24 | 16.7% | — | ||
| Q2 24 | 12.0% | — | ||
| Q1 24 | 14.8% | — | ||
| Q4 23 | 12.7% | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 5.3% | 16.8% | ||
| Q2 25 | 10.2% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 9.8% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | 11.9% | — | ||
| Q4 23 | 17.5% | — |
| Q4 25 | 1.64× | — | ||
| Q3 25 | 1.08× | 3.71× | ||
| Q2 25 | — | — | ||
| Q4 24 | 1.53× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 1.10× | — | ||
| Q4 23 | 1.09× | — |
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% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
