ASTS vs. ON: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at ASTS and ON, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

ASTS’s market capitalization stands at 15.96 billion USD, while ON’s is 23.65 billion USD, indicating their market valuations are broadly comparable.

With betas of 2.02 for ASTS and 1.38 for ON, both stocks show similar sensitivity to overall market movements.

Symbol	ASTS	ON
Company Name	AST SpaceMobile, Inc.	ON Semiconductor Corporation
Country	US	US
Sector	Technology	Technology
Industry	Communication Equipment	Semiconductors
CEO	Abel Avellan	Hassane S. El-Khoury
Price	45.6 USD	56.6 USD
Market Cap	15.96 billion USD	23.65 billion USD
Beta	2.02	1.38
Exchange	NASDAQ	NASDAQ
IPO Date	November 1, 2019	May 2, 2000
ADR	No	No

Historical Performance

This chart compares the performance of ASTS and ON by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

ASTS vs. ON: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

ASTS

-76.72%

Communication Equipment Industry

Max: 30.07%
Q3: 8.07%
Median: 1.84%
Q1: -11.93%
Min: -31.65%

ASTS has a negative Return on Equity of -76.72%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

ON

7.51%

Semiconductors Industry

Max: 41.84%
Q3: 15.81%
Median: 6.31%
Q1: -5.54%
Min: -30.12%

ON’s Return on Equity of 7.51% is on par with the norm for the Semiconductors industry, indicating its profitability relative to shareholder equity is typical for the sector.

ASTS vs. ON: A comparison of their ROE against their respective Communication Equipment and Semiconductors industry benchmarks.

Return on Invested Capital

ASTS

-19.41%

Communication Equipment Industry

Max: 11.59%
Q3: 6.61%
Median: 2.97%
Q1: -2.58%
Min: -13.18%

ASTS has a negative Return on Invested Capital of -19.41%. This indicates that its operations are failing to generate a profit on the total capital invested, signaling significant inefficiency or value destruction.

ON

4.06%

Semiconductors Industry

Max: 30.91%
Q3: 11.34%
Median: 4.08%
Q1: -2.17%
Min: -19.59%

ON’s Return on Invested Capital of 4.06% is in line with the norm for the Semiconductors industry, reflecting a standard level of efficiency in generating profits from its capital base.

ASTS vs. ON: A comparison of their ROIC against their respective Communication Equipment and Semiconductors industry benchmarks.

Net Profit Margin

ASTS

-7,033.20%

Communication Equipment Industry

Max: 23.65%
Q3: 9.21%
Median: 2.46%
Q1: -8.56%
Min: -29.87%

ASTS has a negative Net Profit Margin of -7,033.20%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

ON

9.51%

Semiconductors Industry

Max: 51.69%
Q3: 19.67%
Median: 8.56%
Q1: -5.44%
Min: -38.60%

ON’s Net Profit Margin of 9.51% is aligned with the median group of its peers in the Semiconductors industry. This indicates its ability to convert revenue into profit is typical for the sector.

ASTS vs. ON: A comparison of their Net Profit Margin against their respective Communication Equipment and Semiconductors industry benchmarks.

Operating Profit Margin

ASTS

-5,397.45%

Communication Equipment Industry

Max: 30.72%
Q3: 11.64%
Median: 5.79%
Q1: -2.28%
Min: -18.20%

ASTS has a negative Operating Profit Margin of -5,397.45%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

ON

11.14%

Semiconductors Industry

Max: 58.03%
Q3: 22.12%
Median: 8.40%
Q1: -3.73%
Min: -36.14%

ON’s Operating Profit Margin of 11.14% is around the midpoint for the Semiconductors industry, indicating that its efficiency in managing core business operations is typical for the sector.

ASTS vs. ON: A comparison of their Operating Margin against their respective Communication Equipment and Semiconductors industry benchmarks.

Profitability at a Glance

Symbol	ASTS	ON
Return on Equity (TTM)	-76.72%	7.51%
Return on Assets (TTM)	-23.81%	4.78%
Return on Invested Capital (TTM)	-19.41%	4.06%
Net Profit Margin (TTM)	-7033.20%	9.51%
Operating Profit Margin (TTM)	-5397.45%	11.14%
Gross Profit Margin (TTM)	-486.80%	39.67%

Financial Strength

Current Ratio

ASTS

10.62

Communication Equipment Industry

Max: 3.40
Q3: 2.59
Median: 1.62
Q1: 1.32
Min: 0.86

ASTS’s Current Ratio of 10.62 is exceptionally high, placing it well outside the typical range for the Communication Equipment industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

ON

4.95

Semiconductors Industry

Max: 9.10
Q3: 5.23
Median: 3.09
Q1: 2.49
Min: 1.02

ON’s Current Ratio of 4.95 aligns with the median group of the Semiconductors industry, indicating that its short-term liquidity is in line with its sector peers.

ASTS vs. ON: A comparison of their Current Ratio against their respective Communication Equipment and Semiconductors industry benchmarks.

Debt-to-Equity Ratio

ASTS

0.02

Communication Equipment Industry

Max: 1.82
Q3: 1.00
Median: 0.53
Q1: 0.20
Min: 0.02

Falling into the lower quartile for the Communication Equipment industry, ASTS’s Debt-to-Equity Ratio of 0.02 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

ON

0.42

Semiconductors Industry

Max: 0.97
Q3: 0.46
Median: 0.21
Q1: 0.05
Min: 0.00

ON’s Debt-to-Equity Ratio of 0.42 is typical for the Semiconductors industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ASTS vs. ON: A comparison of their D/E Ratio against their respective Communication Equipment and Semiconductors industry benchmarks.

Interest Coverage Ratio

ASTS

-52.83

Communication Equipment Industry

Max: 16.12
Q3: 9.22
Median: 2.52
Q1: -0.75
Min: -12.07

ASTS has a negative Interest Coverage Ratio of -52.83. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

ON

25.86

Semiconductors Industry

Max: 36.25
Q3: 29.12
Median: 7.01
Q1: -1.22
Min: -18.18

ON’s Interest Coverage Ratio of 25.86 is positioned comfortably within the norm for the Semiconductors industry, indicating a standard and healthy capacity to cover its interest payments.

ASTS vs. ON: A comparison of their Interest Coverage against their respective Communication Equipment and Semiconductors industry benchmarks.

Financial Strength at a Glance

Symbol	ASTS	ON
Current Ratio (TTM)	10.62	4.95
Quick Ratio (TTM)	10.62	3.32
Debt-to-Equity Ratio (TTM)	0.02	0.42
Debt-to-Asset Ratio (TTM)	0.01	0.25
Net Debt-to-EBITDA Ratio (TTM)	1.82	0.47
Interest Coverage Ratio (TTM)	-52.83	25.86

Growth

The following charts compare key year-over-year (YoY) growth metrics for ASTS and ON. These metrics are based on the companies’ annual financial reports.

Revenue Growth

ASTS vs. ON: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

ASTS vs. ON: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

ASTS vs. ON: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

ASTS

0.00%

Communication Equipment Industry

Max: 4.72%
Q3: 0.38%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASTS currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

ON

0.00%

Semiconductors Industry

Max: 6.48%
Q3: 0.93%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ON currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

ASTS vs. ON: A comparison of their Dividend Yield against their respective Communication Equipment and Semiconductors industry benchmarks.

Dividend Payout Ratio

ASTS

0.00%

Communication Equipment Industry

Max: 91.96%
Q3: 26.44%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASTS has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

ON

0.00%

Semiconductors Industry

Max: 204.29%
Q3: 31.85%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ON has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

ASTS vs. ON: A comparison of their Payout Ratio against their respective Communication Equipment and Semiconductors industry benchmarks.

Dividend at a Glance

Symbol	ASTS	ON
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

Price-to-Earnings Ratio

ASTS

-31.32

Communication Equipment Industry

Max: 44.37
Q3: 41.98
Median: 30.61
Q1: 23.44
Min: 2.14

ASTS has a negative P/E Ratio of -31.32. This occurs when a company has negative earnings (a net loss), making the ratio unsuitable for valuation analysis.

ON

37.63

Semiconductors Industry

Max: 86.15
Q3: 47.38
Median: 27.87
Q1: 18.89
Min: 4.73

ON’s P/E Ratio of 37.63 is within the middle range for the Semiconductors industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

ASTS vs. ON: A comparison of their P/E Ratio against their respective Communication Equipment and Semiconductors industry benchmarks.

Forward P/E to Growth Ratio

ASTS

15.35

Communication Equipment Industry

Max: 15.97
Q3: 6.99
Median: 2.78
Q1: 0.66
Min: 0.05

The Forward PEG Ratio is often not a primary valuation metric in the Communication Equipment industry.

ON

1.09

Semiconductors Industry

Max: 4.73
Q3: 2.80
Median: 1.11
Q1: 0.68
Min: 0.01

The Forward PEG Ratio is often not a primary valuation metric in the Semiconductors industry.

ASTS vs. ON: A comparison of their Forward PEG Ratio against their respective Communication Equipment and Semiconductors industry benchmarks.

Price-to-Sales Ratio

ASTS

5,043.28

Communication Equipment Industry

Max: 6.38
Q3: 3.88
Median: 2.17
Q1: 1.15
Min: 0.37

With a P/S Ratio of 5,043.28, ASTS trades at a valuation that eclipses even the highest in the Communication Equipment industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

ON

3.55

Semiconductors Industry

Max: 21.96
Q3: 10.21
Median: 4.45
Q1: 2.32
Min: 0.48

ON’s P/S Ratio of 3.55 aligns with the market consensus for the Semiconductors industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

ASTS vs. ON: A comparison of their P/S Ratio against their respective Communication Equipment and Semiconductors industry benchmarks.

Price-to-Book Ratio

ASTS

13.32

Communication Equipment Industry

Max: 14.42
Q3: 7.01
Median: 3.09
Q1: 1.38
Min: 0.41

ASTS’s P/B Ratio of 13.32 is in the upper tier for the Communication Equipment industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

ON

2.97

Semiconductors Industry

Max: 13.12
Q3: 6.49
Median: 3.31
Q1: 1.74
Min: 0.23

ON’s P/B Ratio of 2.97 is within the conventional range for the Semiconductors industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

ASTS vs. ON: A comparison of their P/B Ratio against their respective Communication Equipment and Semiconductors industry benchmarks.

Valuation at a Glance

Symbol	ASTS	ON
Price-to-Earnings Ratio (P/E, TTM)	-31.32	37.63
Forward PEG Ratio (TTM)	15.35	1.09
Price-to-Sales Ratio (P/S, TTM)	5043.28	3.55
Price-to-Book Ratio (P/B, TTM)	13.32	2.97
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	-64.66	15.26
EV-to-EBITDA (TTM)	-47.80	18.61
EV-to-Sales (TTM)	4858.60	3.64