GFS vs. ON: GLOBALFOUNDRIES vs. ON Semiconductor Stock Comparison

November 11, 2026

How do GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

ON Semiconductor (ON) has more than two decades of public-market history since May 2, 2000, whereas GLOBALFOUNDRIES (GFS) listed on October 28, 2021 and has a much shorter record to draw on.

Company profile comparison for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Profile Item	GFS	ON
Name	GlobalFoundries Inc.	ON Semiconductor Corporation
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	21.53 billion USD	24.65 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	October 28, 2021	May 2, 2000
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GFS

GSPC

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
Total Return (1Y)	19.69%	43.93%
Total Return (3Y, Annualized)	-7.06%	2.27%
Total Return (5Y, Annualized)	-7.38%	3.42%

Risk Profile

Drawdown History

GFS

GSPC

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
Volatility (1Y, Annualized)	62.43%	64.26%
Beta (5Y)	1.84	2.14
Max Drawdown (5Y)	-61.53%	-70.44%
Avg. Volume (3M)	4.75M	10.22M

Risk-Adjusted Performance

Risk-Return Positioning

GFS and ON are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
Sharpe Ratio (1Y)	0.25	0.62
Sortino Ratio (1Y)	0.37	0.88

Profitability

ROE (TTM)

Both GLOBALFOUNDRIES (GFS) at 1.69% and ON Semiconductor (ON) at 8.91% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

GFS

Semiconductors & Semiconductor Equipment industry group

1.69%

Max: 52.82%
Q3: 22.26%
Median: 10.58%
GFS: 1.69%
Q1: 1.29%
Min: -16.89%

ON

Semiconductors & Semiconductor Equipment industry group

8.91%

Max: 52.82%
Q3: 22.26%
Median: 10.58%
ON: 8.91%
Q1: 1.29%
Min: -16.89%

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Both GLOBALFOUNDRIES (GFS) at 2.76% and ON Semiconductor (ON) at 10.82% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

GFS

Semiconductors & Semiconductor Equipment industry group

2.76%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
GFS: 2.76%
Q1: 0.90%
Min: -37.77%

ON

Semiconductors & Semiconductor Equipment industry group

10.82%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
ON: 10.82%
Q1: 0.90%
Min: -37.77%

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both GLOBALFOUNDRIES (GFS) at 12.11% and ON Semiconductor (ON) at 22.23% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

GFS

Semiconductors & Semiconductor Equipment industry group

12.11%

Max: 58.66%
Q3: 30.23%
Median: 15.91%
GFS: 12.11%
Q1: 7.54%
Min: -25.74%

ON

Semiconductors & Semiconductor Equipment industry group

22.23%

Max: 58.66%
Q3: 30.23%
ON: 22.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
ROE (TTM)	1.69%	8.91%
ROA (TTM)	3.11%	6.03%
Net Margin (TTM)	2.76%	10.82%
Operating Margin (TTM)	12.11%	22.23%
Gross Margin (TTM)	28.47%	39.90%

Growth

Revenue Growth

GLOBALFOUNDRIES (GFS) at 0.61% is around its peer norm for revenue growth, while ON Semiconductor (ON) at -15.35% drops into the bottom quartile, signaling weaker demand or pricing momentum.

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: ON Semiconductor (ON) reports EPS growth of -92.01%, ranked against its industry; GLOBALFOUNDRIES (GFS) has no EPS growth figure this period.

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
Revenue Growth (YoY)	0.61%	-15.35%
Revenue Growth (3Y CAGR)	-5.74%	-10.37%
EPS Growth (YoY)	--	-92.01%
EPS Growth (3Y CAGR)	-15.34%	-59.10%

Financial Strength

Current Ratio (MRQ)

Both GLOBALFOUNDRIES (GFS) at 2.58 and ON Semiconductor (ON) at 3.55 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

GFS

Semiconductors & Semiconductor Equipment industry group

2.58

Max: 10.33
Q3: 5.62
Median: 3.33
GFS: 2.58
Q1: 2.35
Min: 1.03

ON

Semiconductors & Semiconductor Equipment industry group

3.55

Max: 10.33
Q3: 5.62
ON: 3.55
Median: 3.33
Q1: 2.35
Min: 1.03

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both GLOBALFOUNDRIES (GFS) at 0.14 and ON Semiconductor (ON) at 0.62 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GFS

Semiconductors & Semiconductor Equipment industry group

0.14

Max: 1.46
Q3: 0.65
Median: 0.27
GFS: 0.14
Q1: 0.04
Min: 0.00

ON

Semiconductors & Semiconductor Equipment industry group

0.62

Max: 1.46
Q3: 0.65
ON: 0.62
Median: 0.27
Q1: 0.04
Min: 0.00

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
Current Ratio (MRQ)	2.58	3.55
Debt / Equity (MRQ)	0.14	0.62
Net Debt / EBITDA	-0.27	0.18

Dividends

Dividend Yield (TTM)

ON Semiconductor (ON) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile GLOBALFOUNDRIES (GFS) reports a yield of 0.66%, ranking against industry peers normally.

GFS

Semiconductors & Semiconductor Equipment industry group

0.66%

Max: 1.37%
GFS: 0.66%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ON

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
ON: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

ON Semiconductor (ON) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile GLOBALFOUNDRIES (GFS) reports a payout of 68.57%, ranking against industry peers normally.

GFS

Semiconductors & Semiconductor Equipment industry group

68.57%

GFS: 68.57%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ON

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
ON: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
Dividend Yield (TTM)	0.66%	0.00%
Dividend Payout Ratio (TTM)	68.57%	0.00%

Valuation

P/E Ratio (TTM)

ON Semiconductor (ON) at 37.02 is near its industry’s usual P/E ratio, while GLOBALFOUNDRIES (GFS) at 110.34 sits in the richer quartile — GFS needs stronger growth or earnings quality to justify the premium.

GFS

Semiconductors & Semiconductor Equipment industry group

110.34

GFS: 110.34
Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12

ON

Semiconductors & Semiconductor Equipment industry group

37.02

Max: 110.34
Q3: 66.81
ON: 37.02
Median: 37.02
Q1: 23.96
Min: 8.12

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both GLOBALFOUNDRIES (GFS) at 3.01 and ON Semiconductor (ON) at 3.87 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

GFS

Semiconductors & Semiconductor Equipment industry group

3.01

Max: 21.42
Q3: 12.27
Median: 5.76
GFS: 3.01
Q1: 2.73
Min: 0.00

ON

Semiconductors & Semiconductor Equipment industry group

3.87

Max: 21.42
Q3: 12.27
Median: 5.76
ON: 3.87
Q1: 2.73
Min: 0.00

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

GLOBALFOUNDRIES (GFS) at 1.80 sits in the lower P/B ratio quartile against book while ON Semiconductor (ON) at 3.26 is valued near its industry’s middle — GFS is cheaper on assets, though weigh it against ROE and asset quality.

GFS

Semiconductors & Semiconductor Equipment industry group

1.80

Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
GFS: 1.80
Min: 0.20

ON

Semiconductors & Semiconductor Equipment industry group

3.26

Max: 14.06
Q3: 7.44
Median: 4.29
ON: 3.26
Q1: 2.30
Min: 0.20

GLOBALFOUNDRIES (GFS) vs. ON Semiconductor (ON): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for GLOBALFOUNDRIES (GFS) and ON Semiconductor (ON)
Metric	GFS	ON
P/E Ratio (TTM)	110.34	37.02
P/S Ratio (TTM)	3.01	3.87
P/B Ratio (MRQ)	1.80	3.26
Free Cash Flow Yield (TTM)	2.04%	6.55%