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Side-by-side financial comparison of ON Semiconductor (ON) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $1.6B, roughly 1.8× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs 5.5%, a 10.9% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $-212.9M). Over the past eight quarters, ON Semiconductor's revenue compounded faster (-12.3% CAGR vs -15.8%).
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...
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
ON vs TAP — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.7B |
| Net Profit | $255.0M | $150.1M |
| Gross Margin | 37.9% | 33.0% |
| Operating Margin | 17.0% | — |
| Net Margin | 16.4% | 5.5% |
| Revenue YoY | -10.0% | 2.0% |
| Net Profit YoY | -32.9% | 25.0% |
| EPS (diluted) | $0.63 | $0.80 |
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.
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.7B | $3.2B | ||
| Q3 24 | $1.8B | $3.6B | ||
| Q2 24 | $1.7B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | $255.0M | $238.3M | ||
| Q3 25 | $170.3M | $-2.9B | ||
| Q2 25 | $-486.1M | $428.7M | ||
| Q1 25 | — | $121.0M | ||
| Q4 24 | $379.9M | $287.8M | ||
| Q3 24 | $401.7M | $199.8M | ||
| Q2 24 | $338.2M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | 37.9% | 31.0% | ||
| Q3 25 | 37.6% | 33.7% | ||
| Q2 25 | 20.3% | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | 45.2% | 32.0% | ||
| Q3 24 | 45.4% | 33.4% | ||
| Q2 24 | 45.2% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 17.0% | 10.4% | ||
| Q3 25 | 13.2% | -98.5% | ||
| Q2 25 | -39.7% | 15.6% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | 23.7% | 12.0% | ||
| Q3 24 | 25.3% | 12.5% | ||
| Q2 24 | 22.4% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 16.4% | 7.6% | ||
| Q3 25 | 11.6% | -84.0% | ||
| Q2 25 | -33.6% | 11.5% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | 22.1% | 8.9% | ||
| Q3 24 | 22.8% | 5.5% | ||
| Q2 24 | 19.5% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | $0.63 | $1.32 | ||
| Q3 25 | $0.41 | $-14.79 | ||
| Q2 25 | $-1.15 | $2.13 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | $0.88 | $1.39 | ||
| Q3 24 | $0.93 | $0.96 | ||
| Q2 24 | $0.78 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | $3.4B | $3.8B |
| Stockholders' EquityBook value | $7.9B | $10.3B |
| Total Assets | $13.0B | $22.4B |
| Debt / EquityLower = less leverage | 0.43× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | $2.9B | $896.5M | ||
| Q3 25 | $2.8B | $950.2M | ||
| Q2 25 | $3.0B | $613.8M | ||
| Q1 25 | — | $412.7M | ||
| Q4 24 | $3.0B | $969.3M | ||
| Q3 24 | $2.8B | $1.0B | ||
| Q2 24 | $2.7B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.4B | $6.3B | ||
| Q3 25 | $3.4B | $6.3B | ||
| Q2 25 | $3.4B | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | $3.4B | $6.1B | ||
| Q3 24 | $3.4B | $6.2B | ||
| Q2 24 | $3.4B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $7.9B | $10.2B | ||
| Q3 25 | $7.9B | $10.3B | ||
| Q2 25 | $8.0B | $13.4B | ||
| Q1 25 | — | $13.1B | ||
| Q4 24 | $8.8B | $13.1B | ||
| Q3 24 | $8.6B | $13.3B | ||
| Q2 24 | $8.3B | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $13.0B | $22.7B | ||
| Q3 25 | $13.1B | $22.9B | ||
| Q2 25 | $13.3B | $26.8B | ||
| Q1 25 | — | $25.9B | ||
| Q4 24 | $14.1B | $26.1B | ||
| Q3 24 | $13.9B | $26.6B | ||
| Q2 24 | $13.7B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 0.43× | 0.61× | ||
| Q3 25 | 0.43× | 0.61× | ||
| Q2 25 | 0.42× | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | 0.38× | 0.47× | ||
| Q3 24 | 0.39× | 0.47× | ||
| Q2 24 | 0.41× | 0.53× |
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 | — |
| Free Cash FlowOCF − Capex | $372.4M | $-212.9M |
| FCF MarginFCF / Revenue | 24.0% | -7.8% |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 1.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $418.7M | $540.7M | ||
| Q3 25 | $184.3M | $616.1M | ||
| Q2 25 | $602.3M | $718.3M | ||
| Q1 25 | — | $-90.7M | ||
| Q4 24 | $579.7M | $494.5M | ||
| Q3 24 | $465.8M | $521.2M | ||
| Q2 24 | $362.2M | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | $372.4M | $357.8M | ||
| Q3 25 | $106.1M | $483.0M | ||
| Q2 25 | $454.7M | $555.0M | ||
| Q1 25 | — | $-328.0M | ||
| Q4 24 | $434.8M | $383.4M | ||
| Q3 24 | $293.6M | $350.4M | ||
| Q2 24 | $207.7M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 24.0% | 11.4% | ||
| Q3 25 | 7.2% | 13.9% | ||
| Q2 25 | 31.5% | 14.8% | ||
| Q1 25 | — | -12.2% | ||
| Q4 24 | 25.2% | 11.8% | ||
| Q3 24 | 16.7% | 9.7% | ||
| Q2 24 | 12.0% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 5.9% | ||
| Q3 25 | 5.3% | 3.8% | ||
| Q2 25 | 10.2% | 4.4% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | 8.4% | 3.4% | ||
| Q3 24 | 9.8% | 4.7% | ||
| Q2 24 | 8.9% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.27× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | -0.75× | ||
| Q4 24 | 1.53× | 1.72× | ||
| Q3 24 | 1.16× | 2.61× | ||
| Q2 24 | 1.07× | 2.04× |
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% |
TAP
Segment breakdown not available.
