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ON vs. SWKS: ON Semiconductor vs. Skyworks Stock Comparison

How do ON Semiconductor (ON) and Skyworks (SWKS) 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 Skyworks (SWKS) 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 Skyworks (SWKS)
Profile ItemONSWKS
NameON Semiconductor CorporationSkyworks Solutions, Inc.
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 USD19.33 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMay 2, 2000September 7, 1984
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ON
SWKS
GSPC
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ON Semiconductor (ON) vs. Skyworks (SWKS), 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 Skyworks (SWKS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ON Semiconductor (ON) and Skyworks (SWKS)
MetricONSWKS
Total Return (1Y)43.93%23.99%
Total Return (3Y, Annualized)2.27%2.11%
Total Return (5Y, Annualized)3.42%-10.13%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for ON Semiconductor (ON) and Skyworks (SWKS)
MetricONSWKS
Volatility (1Y, Annualized)64.26%50.40%
Beta (5Y)2.141.50
Max Drawdown (5Y)-70.44%-67.29%
Avg. Volume (3M)10.22M6.45M

Risk-Adjusted Performance

Risk-Return Positioning

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ON and SWKS 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 Skyworks (SWKS)
MetricONSWKS
Sharpe Ratio (1Y)0.620.39
Sortino Ratio (1Y)0.880.59

Profitability

ROE (TTM)

Both ON Semiconductor (ON) at 8.91% and Skyworks (SWKS) at 3.00% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

SWKS

Semiconductors & Semiconductor Equipment industry group

3.00%

Max
52.82%
Q3
22.26%
Median
10.58%
SWKS
3.00%
Q1
1.29%
Min
-16.89%
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ON Semiconductor (ON) vs. Skyworks (SWKS): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Both ON Semiconductor (ON) at 10.82% and Skyworks (SWKS) at 4.35% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

SWKS

Semiconductors & Semiconductor Equipment industry group

4.35%

Max
63.80%
Q3
28.36%
Median
11.44%
SWKS
4.35%
Q1
0.90%
Min
-37.77%
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ON Semiconductor (ON) vs. Skyworks (SWKS): 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 Skyworks (SWKS) at 9.98% 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%

SWKS

Semiconductors & Semiconductor Equipment industry group

9.98%

Max
58.66%
Q3
30.23%
Median
15.91%
SWKS
9.98%
Q1
7.54%
Min
-25.74%
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ON Semiconductor (ON) vs. Skyworks (SWKS): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for ON Semiconductor (ON) and Skyworks (SWKS)
MetricONSWKS
ROE (TTM)8.91%3.00%
ROA (TTM)6.03%2.57%
Net Margin (TTM)10.82%4.35%
Operating Margin (TTM)22.23%9.98%
Gross Margin (TTM)39.90%40.78%

Growth

Revenue Growth

Only one side can be read here: ON Semiconductor (ON) reports revenue growth of -15.35%, ranked against its industry; Skyworks (SWKS) has no revenue growth figure this period.

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

EPS Growth

Both ON Semiconductor (ON) at -92.01% and Skyworks (SWKS) at -62.99% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for ON Semiconductor (ON) and Skyworks (SWKS)
MetricONSWKS
Revenue Growth (YoY)-15.35%--
Revenue Growth (3Y CAGR)-10.37%--
EPS Growth (YoY)-92.01%-62.99%
EPS Growth (3Y CAGR)-59.10%-42.92%

Financial Strength

Current Ratio (MRQ)

Both ON Semiconductor (ON) at 3.55 and Skyworks (SWKS) at 3.34 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

SWKS

Semiconductors & Semiconductor Equipment industry group

3.34

Max
10.33
Q3
5.62
SWKS
3.34
Median
3.33
Q1
2.35
Min
1.03
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ON Semiconductor (ON) vs. Skyworks (SWKS): 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 Skyworks (SWKS) at 0.43 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

SWKS

Semiconductors & Semiconductor Equipment industry group

0.43

Max
1.46
Q3
0.65
SWKS
0.43
Median
0.27
Q1
0.04
Min
0.00
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ON Semiconductor (ON) vs. Skyworks (SWKS): 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 Skyworks (SWKS)
MetricONSWKS
Current Ratio (MRQ)3.553.34
Debt / Equity (MRQ)0.620.43
Net Debt / EBITDA0.18-0.16

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 Skyworks (SWKS) reports a yield of 2.62%, 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%

SWKS

Semiconductors & Semiconductor Equipment industry group

2.62%

SWKS
2.62%
Max
1.37%
Q3
0.65%
Median
0.00%
Q1
0.00%
Min
0.00%
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ON Semiconductor (ON) vs. Skyworks (SWKS): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Skyworks (SWKS) reports payout ratio above 100% at 147.15%, meaning dividends exceeded current-period earnings; ON Semiconductor (ON) pays no dividend (payout 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%

SWKS

Semiconductors & Semiconductor Equipment industry group

147.15%

SWKS
147.15%
Max
49.64%
Q3
21.71%
Median
0.00%
Q1
0.00%
Min
0.00%
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ON Semiconductor (ON) vs. Skyworks (SWKS): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for ON Semiconductor (ON) and Skyworks (SWKS)
MetricONSWKS
Dividend Yield (TTM)0.00%2.62%
Dividend Payout Ratio (TTM)0.00%147.15%

Valuation

P/E Ratio (TTM)

ON Semiconductor (ON) at 37.02 is near its industry’s usual P/E ratio, while Skyworks (SWKS) at 72.10 sits in the richer quartile — SWKS needs stronger growth or earnings quality to justify the premium.

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

SWKS

Semiconductors & Semiconductor Equipment industry group

72.10

Max
110.34
SWKS
72.10
Q3
66.81
Median
37.02
Q1
23.96
Min
8.12
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ON Semiconductor (ON) vs. Skyworks (SWKS): 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 Skyworks (SWKS) at 4.88 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

SWKS

Semiconductors & Semiconductor Equipment industry group

4.88

Max
21.42
Q3
12.27
Median
5.76
SWKS
4.88
Q1
2.73
Min
0.00
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ON Semiconductor (ON) vs. Skyworks (SWKS): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Skyworks (SWKS) at 2.15 sits in the lower P/B ratio quartile against book while ON Semiconductor (ON) at 3.26 is valued near its industry’s middle — SWKS is cheaper on assets, though weigh it against ROE and asset quality.

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

SWKS

Semiconductors & Semiconductor Equipment industry group

2.15

Max
14.06
Q3
7.44
Median
4.29
Q1
2.30
SWKS
2.15
Min
0.20
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ON Semiconductor (ON) vs. Skyworks (SWKS): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for ON Semiconductor (ON) and Skyworks (SWKS)
MetricONSWKS
P/E Ratio (TTM)37.0272.10
P/S Ratio (TTM)3.874.88
P/B Ratio (MRQ)3.262.15
Free Cash Flow Yield (TTM)6.55%5.84%