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ON vs. TSEM: ON Semiconductor vs. Tower Semiconductor Stock Comparison

How do ON Semiconductor (ON) and Tower Semiconductor (TSEM) 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 Tower Semiconductor (TSEM) 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 Tower Semiconductor (TSEM)
Profile ItemONTSEM
NameON Semiconductor CorporationTower Semiconductor Ltd.
Country/RegionUnited StatesIsrael
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductors
Market Capitalization24.65 billion USD15.59 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMay 2, 2000October 26, 1994
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ON
TSEM
GSPC
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM), 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 Tower Semiconductor (TSEM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ON Semiconductor (ON) and Tower Semiconductor (TSEM)
MetricONTSEM
Total Return (1Y)43.93%78.71%
Total Return (3Y, Annualized)2.27%83.79%
Total Return (5Y, Annualized)3.42%32.56%

Risk Profile

Drawdown History

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

Risk Metrics

ON Semiconductor (ON) carries a highly aggressive beta of 2.14, indicating much higher sensitivity to broad-market moves, whereas Tower Semiconductor (TSEM) is closer to market-like at 0.99 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for ON Semiconductor (ON) and Tower Semiconductor (TSEM)
MetricONTSEM
Volatility (1Y, Annualized)64.26%84.90%
Beta (5Y)2.140.99
Max Drawdown (5Y)-70.44%-58.66%
Avg. Volume (3M)10.22M2.22M

Risk-Adjusted Performance

Risk-Return Positioning

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ON and TSEM 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 Tower Semiconductor (TSEM)
MetricONTSEM
Sharpe Ratio (1Y)0.620.88
Sortino Ratio (1Y)0.881.32

Profitability

ROE (TTM)

Both ON Semiconductor (ON) at 8.91% and Tower Semiconductor (TSEM) at 11.86% 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%

TSEM

Semiconductors & Semiconductor Equipment industry group

11.86%

Max
52.82%
Q3
22.26%
TSEM
11.86%
Median
10.58%
Q1
1.29%
Min
-16.89%
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Both ON Semiconductor (ON) at 10.82% and Tower Semiconductor (TSEM) at 19.36% 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%

TSEM

Semiconductors & Semiconductor Equipment industry group

19.36%

Max
63.80%
Q3
28.36%
TSEM
19.36%
Median
11.44%
Q1
0.90%
Min
-37.77%
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): 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 Tower Semiconductor (TSEM) at 24.16% 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%

TSEM

Semiconductors & Semiconductor Equipment industry group

24.16%

Max
58.66%
Q3
30.23%
TSEM
24.16%
Median
15.91%
Q1
7.54%
Min
-25.74%
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for ON Semiconductor (ON) and Tower Semiconductor (TSEM)
MetricONTSEM
ROE (TTM)8.91%11.86%
ROA (TTM)6.03%6.07%
Net Margin (TTM)10.82%19.36%
Operating Margin (TTM)22.23%24.16%
Gross Margin (TTM)39.90%29.62%

Growth

Revenue Growth

Tower Semiconductor (TSEM) at 9.05% is around its peer norm for revenue growth, while ON Semiconductor (ON) at -15.35% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Tower Semiconductor (TSEM) at 4.86% is around its peer norm for EPS growth, while ON Semiconductor (ON) at -92.01% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for ON Semiconductor (ON) and Tower Semiconductor (TSEM)
MetricONTSEM
Revenue Growth (YoY)-15.35%9.05%
Revenue Growth (3Y CAGR)-10.37%-2.27%
EPS Growth (YoY)-92.01%4.86%
EPS Growth (3Y CAGR)-59.10%-6.72%

Financial Strength

Current Ratio (MRQ)

Both ON Semiconductor (ON) at 3.55 and Tower Semiconductor (TSEM) at 3.72 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

TSEM

Semiconductors & Semiconductor Equipment industry group

3.72

Max
10.33
Q3
5.62
TSEM
3.72
Median
3.33
Q1
2.35
Min
1.03
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): 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 Tower Semiconductor (TSEM) at 0.05 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

TSEM

Semiconductors & Semiconductor Equipment industry group

0.05

Max
1.46
Q3
0.65
Median
0.27
TSEM
0.05
Q1
0.04
Min
0.00
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): 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 Tower Semiconductor (TSEM)
MetricONTSEM
Current Ratio (MRQ)3.553.72
Debt / Equity (MRQ)0.620.05
Net Debt / EBITDA0.18-1.92

Dividends

Dividend Yield (TTM)

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

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%

TSEM

Semiconductors & Semiconductor Equipment industry group

0.00%

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

Dividend Payout Ratio (TTM)

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

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%

TSEM

Semiconductors & Semiconductor Equipment industry group

0.00%

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

Dividend Metrics

Dividend metrics for ON Semiconductor (ON) and Tower Semiconductor (TSEM)
MetricONTSEM
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Both ON Semiconductor (ON) at 37.02 and Tower Semiconductor (TSEM) at 44.16 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

TSEM

Semiconductors & Semiconductor Equipment industry group

44.16

Max
110.34
Q3
66.81
TSEM
44.16
Median
37.02
Q1
23.96
Min
8.12
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): 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 Tower Semiconductor (TSEM) at 8.47 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

TSEM

Semiconductors & Semiconductor Equipment industry group

8.47

Max
21.42
Q3
12.27
TSEM
8.47
Median
5.76
Q1
2.73
Min
0.00
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): 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 Tower Semiconductor (TSEM) at 4.85 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

TSEM

Semiconductors & Semiconductor Equipment industry group

4.85

Max
14.06
Q3
7.44
TSEM
4.85
Median
4.29
Q1
2.30
Min
0.20
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ON Semiconductor (ON) vs. Tower Semiconductor (TSEM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for ON Semiconductor (ON) and Tower Semiconductor (TSEM)
MetricONTSEM
P/E Ratio (TTM)37.0244.16
P/S Ratio (TTM)3.878.47
P/B Ratio (MRQ)3.264.85
Free Cash Flow Yield (TTM)6.55%1.59%