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ON vs. QCOM: ON Semiconductor vs. QUALCOMM Stock Comparison

How do ON Semiconductor (ON) and QUALCOMM (QCOM) 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

ON Semiconductor (ON) and QUALCOMM (QCOM) 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 ON Semiconductor (ON) and QUALCOMM (QCOM)
Profile ItemONQCOM
NameON Semiconductor CorporationQUALCOMM Incorporated
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductors
Market Capitalization24.65 billion USD176.99 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMay 2, 2000December 13, 1991
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ON
QCOM
GSPC
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ON Semiconductor (ON) vs. QUALCOMM (QCOM), 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 ON Semiconductor (ON) and QUALCOMM (QCOM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
Total Return (1Y)43.93%4.41%
Total Return (3Y, Annualized)2.27%15.75%
Total Return (5Y, Annualized)3.42%3.17%

Risk Profile

Drawdown History

ON
QCOM
GSPC
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ON Semiconductor (ON) vs. QUALCOMM (QCOM), 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 ON Semiconductor (ON) and QUALCOMM (QCOM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
Volatility (1Y, Annualized)64.26%55.42%
Beta (5Y)2.141.73
Max Drawdown (5Y)-70.44%-44.29%
Avg. Volume (3M)10.22M12.25M

Risk-Adjusted Performance

Risk-Return Positioning

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ON and QCOM 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 ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
Sharpe Ratio (1Y)0.620.00
Sortino Ratio (1Y)0.880.00

Profitability

ROE (TTM)

QUALCOMM (QCOM) at 52.82% sits in the top ROE quartile, while ON Semiconductor (ON) at 8.91% is closer to the peer norm — stronger capital efficiency for QCOM.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

52.82%

QCOM
52.82%
Max
52.82%
Q3
22.26%
Median
10.58%
Q1
1.29%
Min
-16.89%
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

QUALCOMM (QCOM) at 31.61% retains a top-quartile share of revenue as profit, ahead of ON Semiconductor (ON) at 10.82%, which keeps about the industry-typical share.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

31.61%

Max
63.80%
QCOM
31.61%
Q3
28.36%
Median
11.44%
Q1
0.90%
Min
-37.77%
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both ON Semiconductor (ON) at 22.23% and QUALCOMM (QCOM) at 15.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

15.41%

Max
58.66%
Q3
30.23%
Median
15.91%
QCOM
15.41%
Q1
7.54%
Min
-25.74%
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
ROE (TTM)8.91%52.82%
ROA (TTM)6.03%10.13%
Net Margin (TTM)10.82%31.61%
Operating Margin (TTM)22.23%15.41%
Gross Margin (TTM)39.90%53.10%

Growth

Revenue Growth

Both ON Semiconductor (ON) at -15.35% and QUALCOMM (QCOM) at -2.63% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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

EPS Growth

QUALCOMM (QCOM) at 153.49% delivers above-range EPS growth, while ON Semiconductor (ON) at -92.01% falls into the bottom quartile — a wide split in earnings momentum.

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

Growth Metrics

Growth metrics for ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
Revenue Growth (YoY)-15.35%-2.63%
Revenue Growth (3Y CAGR)-10.37%6.38%
EPS Growth (YoY)-92.01%153.49%
EPS Growth (3Y CAGR)-59.10%25.53%

Financial Strength

Current Ratio (MRQ)

ON Semiconductor (ON) at 3.55 keeps current ratio within its industry’s typical mid-range, while QUALCOMM (QCOM) at 1.86 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for QCOM.

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

QCOM

Semiconductors & Semiconductor Equipment industry group

1.86

Max
10.33
Q3
5.62
Median
3.33
Q1
2.35
QCOM
1.86
Min
1.03
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both ON Semiconductor (ON) at 0.62 and QUALCOMM (QCOM) at 0.53 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

QCOM

Semiconductors & Semiconductor Equipment industry group

0.53

Max
1.46
Q3
0.65
QCOM
0.53
Median
0.27
Q1
0.04
Min
0.00
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
Current Ratio (MRQ)3.551.86
Debt / Equity (MRQ)0.620.53
Net Debt / EBITDA0.180.78

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 QUALCOMM (QCOM) reports a yield of 2.31%, ranking against industry peers normally.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

2.31%

QCOM
2.31%
Max
1.37%
Q3
0.65%
Median
0.00%
Q1
0.00%
Min
0.00%
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): 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 QUALCOMM (QCOM) reports a payout of 28.50%, ranking against industry peers normally.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

28.50%

Max
49.64%
QCOM
28.50%
Q3
21.71%
Median
0.00%
Q1
0.00%
Min
0.00%
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
Dividend Yield (TTM)0.00%2.31%
Dividend Payout Ratio (TTM)0.00%28.50%

Valuation

P/E Ratio (TTM)

QUALCOMM (QCOM) at 13.02 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 QCOM, though growth and earnings durability still matter.

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

QCOM

Semiconductors & Semiconductor Equipment industry group

13.02

Max
110.34
Q3
66.81
Median
37.02
Q1
23.96
QCOM
13.02
Min
8.12
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both ON Semiconductor (ON) at 3.87 and QUALCOMM (QCOM) at 4.10 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

QCOM

Semiconductors & Semiconductor Equipment industry group

4.10

Max
21.42
Q3
12.27
Median
5.76
QCOM
4.10
Q1
2.73
Min
0.00
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both ON Semiconductor (ON) at 3.26 and QUALCOMM (QCOM) at 5.83 are valued close to their industries’ norm against book — neither stands out from peers.

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

QCOM

Semiconductors & Semiconductor Equipment industry group

5.83

Max
14.06
Q3
7.44
QCOM
5.83
Median
4.29
Q1
2.30
Min
0.20
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ON Semiconductor (ON) vs. QUALCOMM (QCOM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for ON Semiconductor (ON) and QUALCOMM (QCOM)
MetricONQCOM
P/E Ratio (TTM)37.0213.02
P/S Ratio (TTM)3.874.10
P/B Ratio (MRQ)3.265.83
Free Cash Flow Yield (TTM)6.55%5.15%