NVDA vs. ON: NVIDIA vs. ON Semiconductor Stock Comparison

November 11, 2026

How do NVIDIA (NVDA) 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

NVIDIA (NVDA) 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.

Company profile comparison for NVIDIA (NVDA) and ON Semiconductor (ON)
Profile Item	NVDA	ON
Name	NVIDIA Corporation	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	4,506.80 billion USD	24.65 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	January 22, 1999	May 2, 2000
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NVDA

GSPC

NVIDIA (NVDA) 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 NVIDIA (NVDA) and ON Semiconductor (ON). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
Total Return (1Y)	-5.54%	43.93%
Total Return (3Y, Annualized)	55.88%	2.27%
Total Return (5Y, Annualized)	42.17%	3.42%

Risk Profile

Drawdown History

NVDA

GSPC

NVIDIA (NVDA) 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 NVIDIA (NVDA) and ON Semiconductor (ON). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
Volatility (1Y, Annualized)	38.31%	64.26%
Beta (5Y)	2.28	2.14
Max Drawdown (5Y)	-66.34%	-70.44%
Avg. Volume (3M)	120.20M	10.22M

Risk-Adjusted Performance

Risk-Return Positioning

NVDA 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 NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
Sharpe Ratio (1Y)	-0.26	0.62
Sortino Ratio (1Y)	-0.36	0.88

Profitability

ROE (TTM)

NVIDIA (NVDA) at 117.21% clears its industry range for ROE, a sharper capital-efficiency signal than ON Semiconductor (ON) at 8.91%, which is closer to a typical peer reading.

NVDA

Semiconductors & Semiconductor Equipment industry group

117.21%

NVDA: 117.21%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
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%

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

Net Margin (TTM)

NVIDIA (NVDA) at 63.66% retains a top-quartile share of revenue as profit, ahead of ON Semiconductor (ON) at 10.82%, which keeps about the industry-typical share.

NVDA

Semiconductors & Semiconductor Equipment industry group

63.66%

Max: 63.80%
NVDA: 63.66%
Q3: 28.36%
Median: 11.44%
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%

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

Operating Margin (TTM)

NVIDIA (NVDA) at 66.24% turns sales into operating profit above its industry’s benchmark range, while ON Semiconductor (ON) at 22.23% operates around its industry’s norm.

NVDA

Semiconductors & Semiconductor Equipment industry group

66.24%

NVDA: 66.24%
Max: 58.66%
Q3: 30.23%
Median: 15.91%
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%

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

Profitability Metrics

Profitability metrics for NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
ROE (TTM)	117.21%	8.91%
ROA (TTM)	53.57%	6.03%
Net Margin (TTM)	63.66%	10.82%
Operating Margin (TTM)	66.24%	22.23%
Gross Margin (TTM)	74.67%	39.90%

Growth

Revenue Growth

NVIDIA (NVDA) at 65.47% delivers above-range revenue growth, while ON Semiconductor (ON) at -15.35% falls into the bottom quartile — a wide split in revenue momentum.

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

EPS Growth

NVIDIA (NVDA) at 66.67% sits in the top EPS growth quartile, while ON Semiconductor (ON) at -92.01% is in the bottom quartile, showing a clear gap in earnings momentum.

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

Growth Metrics

Growth metrics for NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
Revenue Growth (YoY)	65.47%	-15.35%
Revenue Growth (3Y CAGR)	100.05%	-10.37%
EPS Growth (YoY)	66.67%	-92.01%
EPS Growth (3Y CAGR)	204.24%	-59.10%

Financial Strength

Current Ratio (MRQ)

Both NVIDIA (NVDA) at 4.59 and ON Semiconductor (ON) at 3.55 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NVDA

Semiconductors & Semiconductor Equipment industry group

4.59

Max: 10.33
Q3: 5.62
NVDA: 4.59
Median: 3.33
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

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

Debt / Equity (MRQ)

Both NVIDIA (NVDA) at 0.17 and ON Semiconductor (ON) at 0.62 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NVDA

Semiconductors & Semiconductor Equipment industry group

0.17

Max: 1.46
Q3: 0.65
Median: 0.27
NVDA: 0.17
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

NVIDIA (NVDA) 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 NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
Current Ratio (MRQ)	4.59	3.55
Debt / Equity (MRQ)	0.17	0.62
Net Debt / EBITDA	-0.12	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 NVIDIA (NVDA) reports a yield of 0.15%, ranking against industry peers normally.

NVDA

Semiconductors & Semiconductor Equipment industry group

0.15%

Max: 1.37%
Q3: 0.65%
NVDA: 0.15%
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%

NVIDIA (NVDA) 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 NVIDIA (NVDA) reports a payout of 3.54%, ranking against industry peers normally.

NVDA

Semiconductors & Semiconductor Equipment industry group

3.54%

Max: 49.64%
Q3: 21.71%
NVDA: 3.54%
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%

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

Dividend Metrics

Dividend metrics for NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
Dividend Yield (TTM)	0.15%	0.00%
Dividend Payout Ratio (TTM)	3.54%	0.00%

Valuation

P/E Ratio (TTM)

NVIDIA (NVDA) at 23.60 sits in the cheaper P/E ratio quartile, while ON Semiconductor (ON) at 37.02 is closer to its industry’s usual earnings multiple — a discount for NVDA, though growth and earnings durability still matter.

NVDA

Semiconductors & Semiconductor Equipment industry group

23.60

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
NVDA: 23.60
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

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

P/S Ratio (TTM)

ON Semiconductor (ON) at 3.87 is priced about in line with its industry on P/S ratio, while NVIDIA (NVDA) at 14.88 sits in the pricier quartile — NVDA costs more per dollar of sales.

NVDA

Semiconductors & Semiconductor Equipment industry group

14.88

Max: 21.42
NVDA: 14.88
Q3: 12.27
Median: 5.76
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

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

P/B Ratio (MRQ)

ON Semiconductor (ON) at 3.26 sits near its industry’s typical P/B ratio, while NVIDIA (NVDA) at 19.68 prices above its benchmark range — NVDA looks rich relative to book.

NVDA

Semiconductors & Semiconductor Equipment industry group

19.68

NVDA: 19.68
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
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

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

Valuation Metrics

Valuation metrics for NVIDIA (NVDA) and ON Semiconductor (ON)
Metric	NVDA	ON
P/E Ratio (TTM)	23.60	37.02
P/S Ratio (TTM)	14.88	3.87
P/B Ratio (MRQ)	19.68	3.26
Free Cash Flow Yield (TTM)	0.93%	6.55%