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

QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.6B, roughly 1.7× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs -1.4%, a 17.8% gap on every dollar of revenue. On growth, QVC Group, Inc. posted the faster year-over-year revenue change (-9.1% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $191.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% 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 QVCGA — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.7× larger
QVCGA
$2.7B
$1.6B
ON
Growing faster (revenue YoY)
QVCGA
QVCGA
+0.9% gap
QVCGA
-9.1%
-10.0%
ON
Higher net margin
ON
ON
17.8% more per $
ON
16.4%
-1.4%
QVCGA
More free cash flow
ON
ON
$181.4M more FCF
ON
$372.4M
$191.0M
QVCGA
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
-12.3%
ON

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ON
ON
QVCGA
QVCGA
Revenue
$1.6B
$2.7B
Net Profit
$255.0M
$-37.0M
Gross Margin
37.9%
32.9%
Operating Margin
17.0%
3.7%
Net Margin
16.4%
-1.4%
Revenue YoY
-10.0%
-9.1%
Net Profit YoY
-32.9%
97.1%
EPS (diluted)
$0.63
$-17.37

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
QVCGA
QVCGA
Q4 25
$1.6B
$2.7B
Q3 25
$1.5B
$2.2B
Q2 25
$1.4B
$2.2B
Q1 25
$2.1B
Q4 24
$1.7B
$2.9B
Q3 24
$1.8B
$2.3B
Q2 24
$1.7B
$2.4B
Q1 24
$1.9B
$2.3B
Net Profit
ON
ON
QVCGA
QVCGA
Q4 25
$255.0M
$-37.0M
Q3 25
$170.3M
$-80.0M
Q2 25
$-486.1M
$-2.2B
Q1 25
$-100.0M
Q4 24
$379.9M
$-1.3B
Q3 24
$401.7M
$-23.0M
Q2 24
$338.2M
$20.0M
Q1 24
$453.0M
$-1.0M
Gross Margin
ON
ON
QVCGA
QVCGA
Q4 25
37.9%
32.9%
Q3 25
37.6%
34.0%
Q2 25
20.3%
36.4%
Q1 25
34.2%
Q4 24
45.2%
33.3%
Q3 24
45.4%
35.3%
Q2 24
45.2%
36.4%
Q1 24
45.8%
35.5%
Operating Margin
ON
ON
QVCGA
QVCGA
Q4 25
17.0%
3.7%
Q3 25
13.2%
2.7%
Q2 25
-39.7%
-101.6%
Q1 25
0.7%
Q4 24
23.7%
-43.2%
Q3 24
25.3%
6.5%
Q2 24
22.4%
6.9%
Q1 24
28.2%
6.2%
Net Margin
ON
ON
QVCGA
QVCGA
Q4 25
16.4%
-1.4%
Q3 25
11.6%
-3.6%
Q2 25
-33.6%
-99.4%
Q1 25
-4.8%
Q4 24
22.1%
-43.7%
Q3 24
22.8%
-1.0%
Q2 24
19.5%
0.8%
Q1 24
24.3%
-0.0%
EPS (diluted)
ON
ON
QVCGA
QVCGA
Q4 25
$0.63
$-17.37
Q3 25
$0.41
$-9.89
Q2 25
$-1.15
$-275.46
Q1 25
$-0.25
Q4 24
$0.88
Q3 24
$0.93
$-0.06
Q2 24
$0.78
$2.57
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
QVCGA
QVCGA
Cash + ST InvestmentsLiquidity on hand
$2.9B
$2.0B
Total DebtLower is stronger
$3.4B
$790.0M
Stockholders' EquityBook value
$7.9B
$-3.1B
Total Assets
$13.0B
$7.6B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ON
ON
QVCGA
QVCGA
Q4 25
$2.9B
$2.0B
Q3 25
$2.8B
$1.8B
Q2 25
$3.0B
$897.0M
Q1 25
$833.0M
Q4 24
$3.0B
$905.0M
Q3 24
$2.8B
$873.0M
Q2 24
$2.7B
$1.2B
Q1 24
$2.6B
$1.1B
Total Debt
ON
ON
QVCGA
QVCGA
Q4 25
$3.4B
$790.0M
Q3 25
$3.4B
$5.9B
Q2 25
$3.4B
$4.9B
Q1 25
$5.0B
Q4 24
$3.4B
$4.1B
Q3 24
$3.4B
$5.1B
Q2 24
$3.4B
$5.3B
Q1 24
$3.4B
$5.5B
Stockholders' Equity
ON
ON
QVCGA
QVCGA
Q4 25
$7.9B
$-3.1B
Q3 25
$7.9B
$-3.1B
Q2 25
$8.0B
$-3.0B
Q1 25
$-981.0M
Q4 24
$8.8B
$-971.0M
Q3 24
$8.6B
$397.0M
Q2 24
$8.3B
$328.0M
Q1 24
$8.1B
$255.0M
Total Assets
ON
ON
QVCGA
QVCGA
Q4 25
$13.0B
$7.6B
Q3 25
$13.1B
$7.6B
Q2 25
$13.3B
$6.7B
Q1 25
$9.0B
Q4 24
$14.1B
$9.2B
Q3 24
$13.9B
$10.8B
Q2 24
$13.7B
$10.9B
Q1 24
$13.5B
$11.0B
Debt / Equity
ON
ON
QVCGA
QVCGA
Q4 25
0.43×
Q3 25
0.43×
Q2 25
0.42×
Q1 25
Q4 24
0.38×
Q3 24
0.39×
12.74×
Q2 24
0.41×
16.28×
Q1 24
0.42×
21.53×

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
QVCGA
QVCGA
Operating Cash FlowLast quarter
$418.7M
$244.0M
Free Cash FlowOCF − Capex
$372.4M
$191.0M
FCF MarginFCF / Revenue
24.0%
7.1%
Capex IntensityCapex / Revenue
3.0%
2.0%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$118.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ON
ON
QVCGA
QVCGA
Q4 25
$418.7M
$244.0M
Q3 25
$184.3M
$4.0M
Q2 25
$602.3M
$86.0M
Q1 25
$-60.0M
Q4 24
$579.7M
$212.0M
Q3 24
$465.8M
$20.0M
Q2 24
$362.2M
$267.0M
Q1 24
$498.7M
$26.0M
Free Cash Flow
ON
ON
QVCGA
QVCGA
Q4 25
$372.4M
$191.0M
Q3 25
$106.1M
$-27.0M
Q2 25
$454.7M
$48.0M
Q1 25
$-94.0M
Q4 24
$434.8M
$150.0M
Q3 24
$293.6M
$-23.0M
Q2 24
$207.7M
$213.0M
Q1 24
$276.3M
$-14.0M
FCF Margin
ON
ON
QVCGA
QVCGA
Q4 25
24.0%
7.1%
Q3 25
7.2%
-1.2%
Q2 25
31.5%
2.1%
Q1 25
-4.5%
Q4 24
25.2%
5.1%
Q3 24
16.7%
-1.0%
Q2 24
12.0%
8.8%
Q1 24
14.8%
-0.6%
Capex Intensity
ON
ON
QVCGA
QVCGA
Q4 25
3.0%
2.0%
Q3 25
5.3%
1.4%
Q2 25
10.2%
1.7%
Q1 25
1.6%
Q4 24
8.4%
2.1%
Q3 24
9.8%
1.8%
Q2 24
8.9%
2.2%
Q1 24
11.9%
1.7%
Cash Conversion
ON
ON
QVCGA
QVCGA
Q4 25
1.64×
Q3 25
1.08×
Q2 25
Q1 25
Q4 24
1.53×
Q3 24
1.16×
Q2 24
1.07×
13.35×
Q1 24
1.10×

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%

QVCGA
QVCGA

Other$915.0M34%
Home$754.0M28%
Beauty$260.0M10%
Apparel$254.0M9%
Electronics$187.0M7%
Accessories$181.0M7%
Jewelry$87.0M3%
Manufactured Product Other$38.0M1%

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