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Side-by-side financial comparison of ON Semiconductor (ON) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 16.4%, a 15.2% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs -10.0%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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...
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
ON vs VIRT — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.1B |
| Net Profit | $255.0M | $346.6M |
| Gross Margin | 37.9% | — |
| Operating Margin | 17.0% | 37.4% |
| Net Margin | 16.4% | 31.6% |
| Revenue YoY | -10.0% | 30.7% |
| Net Profit YoY | -32.9% | 82.8% |
| EPS (diluted) | $0.63 | $1.99 |
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 | — | $1.1B | ||
| Q4 25 | $1.6B | $969.9M | ||
| Q3 25 | $1.5B | $824.8M | ||
| Q2 25 | $1.4B | $999.6M | ||
| Q1 25 | — | $837.9M | ||
| Q4 24 | $1.7B | $834.3M | ||
| Q3 24 | $1.8B | $706.8M | ||
| Q2 24 | $1.7B | $693.0M |
| Q1 26 | — | $346.6M | ||
| Q4 25 | $255.0M | $139.9M | ||
| Q3 25 | $170.3M | $77.6M | ||
| Q2 25 | $-486.1M | $151.2M | ||
| Q1 25 | — | $99.7M | ||
| Q4 24 | $379.9M | $94.1M | ||
| Q3 24 | $401.7M | $60.0M | ||
| Q2 24 | $338.2M | $66.6M |
| Q1 26 | — | — | ||
| Q4 25 | 37.9% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 20.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 45.2% | — | ||
| Q3 24 | 45.4% | — | ||
| Q2 24 | 45.2% | — |
| Q1 26 | — | 37.4% | ||
| Q4 25 | 17.0% | 35.4% | ||
| Q3 25 | 13.2% | 21.8% | ||
| Q2 25 | -39.7% | 34.7% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | 23.7% | 24.3% | ||
| Q3 24 | 25.3% | 20.8% | ||
| Q2 24 | 22.4% | 22.4% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 16.4% | 14.4% | ||
| Q3 25 | 11.6% | 9.4% | ||
| Q2 25 | -33.6% | 15.1% | ||
| Q1 25 | — | 11.9% | ||
| Q4 24 | 22.1% | 11.3% | ||
| Q3 24 | 22.8% | 8.5% | ||
| Q2 24 | 19.5% | 9.6% |
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.63 | $1.54 | ||
| Q3 25 | $0.41 | $0.86 | ||
| Q2 25 | $-1.15 | $1.65 | ||
| Q1 25 | — | $1.08 | ||
| Q4 24 | $0.88 | $1.03 | ||
| Q3 24 | $0.93 | $0.64 | ||
| Q2 24 | $0.78 | $0.71 |
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 | $973.2M |
| Total DebtLower is stronger | $3.4B | — |
| Stockholders' EquityBook value | $7.9B | $2.2B |
| Total Assets | $13.0B | $25.1B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $973.2M | ||
| Q4 25 | $2.9B | $1.1B | ||
| Q3 25 | $2.8B | $707.9M | ||
| Q2 25 | $3.0B | $752.1M | ||
| Q1 25 | — | $723.6M | ||
| Q4 24 | $3.0B | $872.5M | ||
| Q3 24 | $2.8B | $701.4M | ||
| Q2 24 | $2.7B | $684.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | $2.0B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $3.4B | $1.7B | ||
| Q2 24 | $3.4B | $1.7B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $7.9B | $1.6B | ||
| Q3 25 | $7.9B | $1.5B | ||
| Q2 25 | $8.0B | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $8.8B | $1.3B | ||
| Q3 24 | $8.6B | $1.2B | ||
| Q2 24 | $8.3B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $13.0B | $20.2B | ||
| Q3 25 | $13.1B | $21.3B | ||
| Q2 25 | $13.3B | $19.3B | ||
| Q1 25 | — | $17.5B | ||
| Q4 24 | $14.1B | $15.4B | ||
| Q3 24 | $13.9B | $14.4B | ||
| Q2 24 | $13.7B | $13.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 1.29× | ||
| Q3 25 | 0.43× | 1.40× | ||
| Q2 25 | 0.42× | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | 0.38× | 1.39× | ||
| Q3 24 | 0.39× | 1.41× | ||
| Q2 24 | 0.41× | 1.41× |
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 | — |
| FCF MarginFCF / Revenue | 24.0% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 1.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $418.7M | $518.4M | ||
| Q3 25 | $184.3M | $-68.7M | ||
| Q2 25 | $602.3M | $62.8M | ||
| Q1 25 | — | $15.0M | ||
| Q4 24 | $579.7M | $599.0M | ||
| Q3 24 | $465.8M | $112.1M | ||
| Q2 24 | $362.2M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | $372.4M | $495.6M | ||
| Q3 25 | $106.1M | $-76.7M | ||
| Q2 25 | $454.7M | $57.6M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | $434.8M | $586.6M | ||
| Q3 24 | $293.6M | $106.2M | ||
| Q2 24 | $207.7M | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | 24.0% | 51.1% | ||
| Q3 25 | 7.2% | -9.3% | ||
| Q2 25 | 31.5% | 5.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 25.2% | 70.3% | ||
| Q3 24 | 16.7% | 15.0% | ||
| Q2 24 | 12.0% | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.4% | ||
| Q3 25 | 5.3% | 1.0% | ||
| Q2 25 | 10.2% | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 8.4% | 1.5% | ||
| Q3 24 | 9.8% | 0.8% | ||
| Q2 24 | 8.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 3.71× | ||
| Q3 25 | 1.08× | -0.89× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 1.53× | 6.37× | ||
| Q3 24 | 1.16× | 1.87× | ||
| Q2 24 | 1.07× | 7.37× |
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% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
