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Side-by-side financial comparison of ON Semiconductor (ON) and QVC INC (QVCD). Click either name above to swap in a different company.

QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.6B, roughly 1.6× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs 1.5%, a 14.9% gap on every dollar of revenue. On growth, QVC INC posted the faster year-over-year revenue change (-8.9% vs -10.0%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% 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...

QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.

ON vs QVCD — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.6× larger
QVCD
$2.4B
$1.6B
ON
Growing faster (revenue YoY)
QVCD
QVCD
+1.0% gap
QVCD
-8.9%
-10.0%
ON
Higher net margin
ON
ON
14.9% more per $
ON
16.4%
1.5%
QVCD
Faster 2-yr revenue CAGR
QVCD
QVCD
Annualised
QVCD
7.1%
-12.3%
ON

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ON
ON
QVCD
QVCD
Revenue
$1.6B
$2.4B
Net Profit
$255.0M
$37.0M
Gross Margin
37.9%
32.5%
Operating Margin
17.0%
5.6%
Net Margin
16.4%
1.5%
Revenue YoY
-10.0%
-8.9%
Net Profit YoY
-32.9%
103.0%
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
ON
ON
QVCD
QVCD
Q4 25
$1.6B
$2.4B
Q3 25
$1.5B
$2.0B
Q2 25
$1.4B
$2.0B
Q1 25
$1.9B
Q4 24
$1.7B
$2.7B
Q3 24
$1.8B
$2.1B
Q2 24
$1.7B
$2.1B
Q1 24
$1.9B
$2.1B
Net Profit
ON
ON
QVCD
QVCD
Q4 25
$255.0M
$37.0M
Q3 25
$170.3M
$2.0M
Q2 25
$-486.1M
$-2.2B
Q1 25
$-42.0M
Q4 24
$379.9M
$-1.2B
Q3 24
$401.7M
$51.0M
Q2 24
$338.2M
$53.0M
Q1 24
$453.0M
$51.0M
Gross Margin
ON
ON
QVCD
QVCD
Q4 25
37.9%
32.5%
Q3 25
37.6%
33.6%
Q2 25
20.3%
35.4%
Q1 25
33.3%
Q4 24
45.2%
32.6%
Q3 24
45.4%
34.7%
Q2 24
45.2%
35.6%
Q1 24
45.8%
35.0%
Operating Margin
ON
ON
QVCD
QVCD
Q4 25
17.0%
5.6%
Q3 25
13.2%
4.6%
Q2 25
-39.7%
-114.5%
Q1 25
1.5%
Q4 24
23.7%
-47.1%
Q3 24
25.3%
7.8%
Q2 24
22.4%
7.6%
Q1 24
28.2%
7.4%
Net Margin
ON
ON
QVCD
QVCD
Q4 25
16.4%
1.5%
Q3 25
11.6%
0.1%
Q2 25
-33.6%
-109.1%
Q1 25
-2.2%
Q4 24
22.1%
-46.0%
Q3 24
22.8%
2.4%
Q2 24
19.5%
2.5%
Q1 24
24.3%
2.4%
EPS (diluted)
ON
ON
QVCD
QVCD
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
ON
ON
QVCD
QVCD
Cash + ST InvestmentsLiquidity on hand
$2.9B
$1.5B
Total DebtLower is stronger
$3.4B
$1.0M
Stockholders' EquityBook value
$7.9B
$1.2B
Total Assets
$13.0B
$8.5B
Debt / EquityLower = less leverage
0.43×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ON
ON
QVCD
QVCD
Q4 25
$2.9B
$1.5B
Q3 25
$2.8B
Q2 25
$3.0B
Q1 25
Q4 24
$3.0B
$297.0M
Q3 24
$2.8B
$297.0M
Q2 24
$2.7B
$315.0M
Q1 24
$2.6B
$311.0M
Total Debt
ON
ON
QVCD
QVCD
Q4 25
$3.4B
$1.0M
Q3 25
$3.4B
$5.0B
Q2 25
$3.4B
$4.0B
Q1 25
$4.0B
Q4 24
$3.4B
$3.3B
Q3 24
$3.4B
$3.4B
Q2 24
$3.4B
$3.7B
Q1 24
$3.4B
$3.8B
Stockholders' Equity
ON
ON
QVCD
QVCD
Q4 25
$7.9B
$1.2B
Q3 25
$7.9B
$1.2B
Q2 25
$8.0B
$1.2B
Q1 25
$3.3B
Q4 24
$8.8B
$3.3B
Q3 24
$8.6B
$4.6B
Q2 24
$8.3B
$4.3B
Q1 24
$8.1B
$4.2B
Total Assets
ON
ON
QVCD
QVCD
Q4 25
$13.0B
$8.5B
Q3 25
$13.1B
$8.3B
Q2 25
$13.3B
$7.4B
Q1 25
$9.7B
Q4 24
$14.1B
$9.9B
Q3 24
$13.9B
$9.9B
Q2 24
$13.7B
$11.2B
Q1 24
$13.5B
$11.4B
Debt / Equity
ON
ON
QVCD
QVCD
Q4 25
0.43×
0.00×
Q3 25
0.43×
4.30×
Q2 25
0.42×
3.42×
Q1 25
1.22×
Q4 24
0.38×
1.01×
Q3 24
0.39×
0.73×
Q2 24
0.41×
0.87×
Q1 24
0.42×
0.89×

Cash Flow & Capital Efficiency

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

Metric
ON
ON
QVCD
QVCD
Operating Cash FlowLast quarter
$418.7M
$245.0M
Free Cash FlowOCF − Capex
$372.4M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.64×
6.62×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ON
ON
QVCD
QVCD
Q4 25
$418.7M
$245.0M
Q3 25
$184.3M
$76.0M
Q2 25
$602.3M
$52.0M
Q1 25
$46.0M
Q4 24
$579.7M
$189.0M
Q3 24
$465.8M
$98.0M
Q2 24
$362.2M
$164.0M
Q1 24
$498.7M
$84.0M
Free Cash Flow
ON
ON
QVCD
QVCD
Q4 25
$372.4M
Q3 25
$106.1M
Q2 25
$454.7M
Q1 25
Q4 24
$434.8M
Q3 24
$293.6M
Q2 24
$207.7M
Q1 24
$276.3M
FCF Margin
ON
ON
QVCD
QVCD
Q4 25
24.0%
Q3 25
7.2%
Q2 25
31.5%
Q1 25
Q4 24
25.2%
Q3 24
16.7%
Q2 24
12.0%
Q1 24
14.8%
Capex Intensity
ON
ON
QVCD
QVCD
Q4 25
3.0%
Q3 25
5.3%
Q2 25
10.2%
Q1 25
Q4 24
8.4%
Q3 24
9.8%
Q2 24
8.9%
Q1 24
11.9%
Cash Conversion
ON
ON
QVCD
QVCD
Q4 25
1.64×
6.62×
Q3 25
1.08×
38.00×
Q2 25
Q1 25
Q4 24
1.53×
Q3 24
1.16×
1.92×
Q2 24
1.07×
3.09×
Q1 24
1.10×
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

QVCD
QVCD

Home$754.0M31%
QVC International$661.0M27%
Beauty$260.0M11%
Apparel$254.0M10%
Electronics$187.0M8%
Accessories$181.0M7%
Jewelry$87.0M4%
Otherrevenue$38.0M2%

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