NXPI vs. ON: NXP Semiconductors vs. ON Semiconductor Stock Comparison

November 11, 2026

How do NXP Semiconductors (NXPI) 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

NXP Semiconductors (NXPI) 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 NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Profile Item	NXPI	ON
Name	NXP Semiconductors N.V.	ON Semiconductor Corporation
Country/Region	Netherlands	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	62.58 billion USD	24.65 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	August 6, 2010	May 2, 2000
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NXPI

GSPC

NXP Semiconductors (NXPI) 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 NXP Semiconductors (NXPI) and ON Semiconductor (ON). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
Total Return (1Y)	29.26%	43.93%
Total Return (3Y, Annualized)	14.96%	2.27%
Total Return (5Y, Annualized)	5.20%	3.42%

Risk Profile

Drawdown History

NXPI

GSPC

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

Risk Metrics

Risk profile metrics for NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
Volatility (1Y, Annualized)	50.18%	64.26%
Beta (5Y)	1.83	2.14
Max Drawdown (5Y)	-46.47%	-70.44%
Avg. Volume (3M)	3.86M	10.22M

Risk-Adjusted Performance

Risk-Return Positioning

NXPI 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 NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
Sharpe Ratio (1Y)	0.50	0.62
Sortino Ratio (1Y)	0.85	0.88

Profitability

ROE (TTM)

NXP Semiconductors (NXPI) at 28.67% sits in the top ROE quartile, while ON Semiconductor (ON) at 8.91% is closer to the peer norm — stronger capital efficiency for NXPI.

NXPI

Semiconductors & Semiconductor Equipment industry group

28.67%

Max: 52.82%
NXPI: 28.67%
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%

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

Net Margin (TTM)

Both NXP Semiconductors (NXPI) at 23.40% 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.

NXPI

Semiconductors & Semiconductor Equipment industry group

23.40%

Max: 63.80%
Q3: 28.36%
NXPI: 23.40%
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%

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

Operating Margin (TTM)

NXP Semiconductors (NXPI) at 32.30% operates in the top operating margin quartile, ahead of ON Semiconductor (ON) at 22.23%, which runs around its industry’s norm.

NXPI

Semiconductors & Semiconductor Equipment industry group

32.30%

Max: 58.66%
NXPI: 32.30%
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%

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

Profitability Metrics

Profitability metrics for NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
ROE (TTM)	28.67%	8.91%
ROA (TTM)	10.82%	6.03%
Net Margin (TTM)	23.40%	10.82%
Operating Margin (TTM)	32.30%	22.23%
Gross Margin (TTM)	56.46%	39.90%

Growth

Revenue Growth

Both NXP Semiconductors (NXPI) at -2.74% and ON Semiconductor (ON) at -15.35% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

NXP Semiconductors (NXPI) vs. ON Semiconductor (ON): A comparison of their Revenue Growth across different time periods.

EPS Growth

NXP Semiconductors (NXPI) at -18.29% is around its peer norm for EPS growth, while ON Semiconductor (ON) at -92.01% drops into the bottom quartile, signaling weaker earnings momentum.

NXP Semiconductors (NXPI) vs. ON Semiconductor (ON): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
Revenue Growth (YoY)	-2.74%	-15.35%
Revenue Growth (3Y CAGR)	-2.42%	-10.37%
EPS Growth (YoY)	-18.29%	-92.01%
EPS Growth (3Y CAGR)	-9.00%	-59.10%

Financial Strength

Current Ratio (MRQ)

ON Semiconductor (ON) at 3.55 keeps current ratio within its industry’s typical mid-range, while NXP Semiconductors (NXPI) at 2.13 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NXPI.

NXPI

Semiconductors & Semiconductor Equipment industry group

2.13

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
NXPI: 2.13
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

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

Debt / Equity (MRQ)

ON Semiconductor (ON) at 0.62 carries an industry-typical debt-to-equity mix, while NXP Semiconductors (NXPI) at 0.88 uses more debt funding than most peers.

NXPI

Semiconductors & Semiconductor Equipment industry group

0.88

Max: 1.46
NXPI: 0.88
Q3: 0.65
Median: 0.27
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

NXP Semiconductors (NXPI) 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 NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
Current Ratio (MRQ)	2.13	3.55
Debt / Equity (MRQ)	0.88	0.62
Net Debt / EBITDA	1.31	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 NXP Semiconductors (NXPI) reports a yield of 1.66%, ranking against industry peers normally.

NXPI

Semiconductors & Semiconductor Equipment industry group

1.66%

NXPI: 1.66%
Max: 1.37%
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%

NXP Semiconductors (NXPI) 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 NXP Semiconductors (NXPI) reports a payout of 31.91%, ranking against industry peers normally.

NXPI

Semiconductors & Semiconductor Equipment industry group

31.91%

Max: 49.64%
NXPI: 31.91%
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%

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

Dividend Metrics

Dividend metrics for NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
Dividend Yield (TTM)	1.66%	0.00%
Dividend Payout Ratio (TTM)	31.91%	0.00%

Valuation

P/E Ratio (TTM)

NXP Semiconductors (NXPI) at 19.54 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 NXPI, though growth and earnings durability still matter.

NXPI

Semiconductors & Semiconductor Equipment industry group

19.54

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
NXPI: 19.54
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

NXP Semiconductors (NXPI) 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 NXP Semiconductors (NXPI) at 4.54 and ON Semiconductor (ON) at 3.87 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NXPI

Semiconductors & Semiconductor Equipment industry group

4.54

Max: 21.42
Q3: 12.27
Median: 5.76
NXPI: 4.54
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

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

P/B Ratio (MRQ)

On P/B ratio, both NXP Semiconductors (NXPI) at 5.18 and ON Semiconductor (ON) at 3.26 are valued close to their industries’ norm against book — neither stands out from peers.

NXPI

Semiconductors & Semiconductor Equipment industry group

5.18

Max: 14.06
Q3: 7.44
NXPI: 5.18
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

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

Valuation Metrics

Valuation metrics for NXP Semiconductors (NXPI) and ON Semiconductor (ON)
Metric	NXPI	ON
P/E Ratio (TTM)	19.54	37.02
P/S Ratio (TTM)	4.54	3.87
P/B Ratio (MRQ)	5.18	3.26
Free Cash Flow Yield (TTM)	6.53%	6.55%