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Side-by-side financial comparison of ON Semiconductor (ON) and XPO, Inc. (XPO). Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.3× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs 2.9%, a 13.5% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (4.7% vs -10.0%). Over the past eight quarters, XPO, Inc.'s revenue compounded faster (-0.1% 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...
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
ON vs XPO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.0B |
| Net Profit | $255.0M | $59.0M |
| Gross Margin | 37.9% | — |
| Operating Margin | 17.0% | 7.1% |
| Net Margin | 16.4% | 2.9% |
| Revenue YoY | -10.0% | 4.7% |
| Net Profit YoY | -32.9% | -21.3% |
| EPS (diluted) | $0.63 | $0.49 |
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 | $2.0B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.9B | $2.0B |
| Q4 25 | $255.0M | $59.0M | ||
| Q3 25 | $170.3M | $82.0M | ||
| Q2 25 | $-486.1M | $106.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | $379.9M | $75.0M | ||
| Q3 24 | $401.7M | $95.0M | ||
| Q2 24 | $338.2M | $150.0M | ||
| Q1 24 | $453.0M | $67.0M |
| 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 24 | 45.8% | — |
| Q4 25 | 17.0% | 7.1% | ||
| Q3 25 | 13.2% | 7.8% | ||
| Q2 25 | -39.7% | 9.5% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | 23.7% | 7.8% | ||
| Q3 24 | 25.3% | 8.6% | ||
| Q2 24 | 22.4% | 9.5% | ||
| Q1 24 | 28.2% | 6.8% |
| Q4 25 | 16.4% | 2.9% | ||
| Q3 25 | 11.6% | 3.9% | ||
| Q2 25 | -33.6% | 5.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | 22.1% | 3.9% | ||
| Q3 24 | 22.8% | 4.6% | ||
| Q2 24 | 19.5% | 7.2% | ||
| Q1 24 | 24.3% | 3.3% |
| Q4 25 | $0.63 | $0.49 | ||
| Q3 25 | $0.41 | $0.68 | ||
| Q2 25 | $-1.15 | $0.89 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | $0.88 | $0.63 | ||
| Q3 24 | $0.93 | $0.79 | ||
| Q2 24 | $0.78 | $1.25 | ||
| Q1 24 | $1.04 | $0.56 |
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 | $310.0M |
| Total DebtLower is stronger | $3.4B | — |
| Stockholders' EquityBook value | $7.9B | $1.9B |
| Total Assets | $13.0B | $8.2B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9B | $310.0M | ||
| Q3 25 | $2.8B | $335.0M | ||
| Q2 25 | $3.0B | $225.0M | ||
| Q1 25 | — | $212.0M | ||
| Q4 24 | $3.0B | $246.0M | ||
| Q3 24 | $2.8B | $378.0M | ||
| Q2 24 | $2.7B | $250.0M | ||
| Q1 24 | $2.6B | $229.0M |
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.4B | — |
| Q4 25 | $7.9B | $1.9B | ||
| Q3 25 | $7.9B | $1.8B | ||
| Q2 25 | $8.0B | $1.8B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $8.8B | $1.6B | ||
| Q3 24 | $8.6B | $1.6B | ||
| Q2 24 | $8.3B | $1.5B | ||
| Q1 24 | $8.1B | $1.3B |
| Q4 25 | $13.0B | $8.2B | ||
| Q3 25 | $13.1B | $8.2B | ||
| Q2 25 | $13.3B | $8.1B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | $14.1B | $7.7B | ||
| Q3 24 | $13.9B | $7.9B | ||
| Q2 24 | $13.7B | $7.7B | ||
| Q1 24 | $13.5B | $7.6B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 0.42× | — |
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% | 5.3% |
| Cash ConversionOCF / Net Profit | 1.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $418.7M | — | ||
| Q3 25 | $184.3M | $371.0M | ||
| Q2 25 | $602.3M | $247.0M | ||
| Q1 25 | — | $142.0M | ||
| Q4 24 | $579.7M | $189.0M | ||
| Q3 24 | $465.8M | $264.0M | ||
| Q2 24 | $362.2M | $210.0M | ||
| Q1 24 | $498.7M | $145.0M |
| Q4 25 | $372.4M | — | ||
| Q3 25 | $106.1M | $215.0M | ||
| Q2 25 | $454.7M | $51.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | $434.8M | $23.0M | ||
| Q3 24 | $293.6M | $137.0M | ||
| Q2 24 | $207.7M | $20.0M | ||
| Q1 24 | $276.3M | $-161.0M |
| Q4 25 | 24.0% | — | ||
| Q3 25 | 7.2% | 10.2% | ||
| Q2 25 | 31.5% | 2.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | 25.2% | 1.2% | ||
| Q3 24 | 16.7% | 6.7% | ||
| Q2 24 | 12.0% | 1.0% | ||
| Q1 24 | 14.8% | -8.0% |
| Q4 25 | 3.0% | 5.3% | ||
| Q3 25 | 5.3% | 7.4% | ||
| Q2 25 | 10.2% | 9.4% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | 8.4% | 8.6% | ||
| Q3 24 | 9.8% | 6.2% | ||
| Q2 24 | 8.9% | 9.1% | ||
| Q1 24 | 11.9% | 15.2% |
| Q4 25 | 1.64× | — | ||
| Q3 25 | 1.08× | 4.52× | ||
| Q2 25 | — | 2.33× | ||
| Q1 25 | — | 2.06× | ||
| Q4 24 | 1.53× | 2.52× | ||
| Q3 24 | 1.16× | 2.78× | ||
| Q2 24 | 1.07× | 1.40× | ||
| Q1 24 | 1.10× | 2.16× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
