ON vs. SKHY: ON Semiconductor vs. SK hynix Stock Comparison

Company Profile

ON Semiconductor (ON) and SK hynix (SKHY) 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 been public since May 2, 2000, giving it decades of market history across multiple cycles, while SK hynix (SKHY) listed only on July 10, 2026 and lacks comparable through-cycle data.

ON Semiconductor (ON) trades as ordinary local shares, while SK hynix (SKHY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Both ON and SKHY need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

SK hynix (SKHY) at 92.54% 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.

SK hynix (SKHY) at 70.27% converts revenue to bottom-line profit above its industry’s benchmark range, while ON Semiconductor (ON) at 10.82% keeps roughly the typical share for its industry.

SK hynix (SKHY) at 79.66% turns sales into operating profit above its industry’s benchmark range, while ON Semiconductor (ON) at 22.23% operates around its industry’s norm.

Profitability Metrics

Growth

SK hynix (SKHY) at 46.76% sits in the top revenue growth quartile, while ON Semiconductor (ON) at -15.35% is in the bottom quartile, showing a clear gap in revenue momentum.

SK hynix (SKHY) at 112.46% 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.

Growth Metrics

Financial Strength

ON Semiconductor (ON) at 3.55 keeps current ratio within its industry’s typical mid-range, while SK hynix (SKHY) at 26.88 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Both ON Semiconductor (ON) at 0.62 and SK hynix (SKHY) at 0.05 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

ON Semiconductor (ON) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile SK hynix (SKHY) reports a yield of 2,118.64%, ranking against industry peers normally.

Neither ON Semiconductor (ON) nor SK hynix (SKHY) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Dividend Metrics

Valuation

SK hynix (SKHY) at 8.12 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 SKHY, though growth and earnings durability still matter.

SK hynix (SKHY) at 0.00 sits in the cheaper P/S ratio quartile while ON Semiconductor (ON) at 3.87 prices around its industry’s middle — SKHY costs less per dollar of sales, though read it alongside growth and margins.

On P/B ratio, both ON Semiconductor (ON) at 3.26 and SK hynix (SKHY) at 3.95 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics