Is ANSS or ON cheaper?

On trailing earnings, ANSS is cheaper: ANSS trades at a 55.53 P/E and ON at 64.70.

Which has grown faster, ANSS or ON?

Over the past five years, ANSS grew revenue faster — ANSS at a 11.43% CAGR versus ON at 2.12%.

Is ANSS or ON more profitable?

ANSS runs the higher net margin — ANSS at 22.95% versus ON at 9.46%.

Which has been the better investment, ANSS or ON?

Over the past 10-year, ON delivered the higher annualized total return — ANSS at 14.94% versus ON at 26.37%. Past performance doesn't predict future results.

ANSYS, Inc. (ANSS) vs ON Semiconductor Corporation (ON)

ANSS leads on 8 of 14 compared metrics.

A side-by-side comparison of ANSYS, Inc. and ON Semiconductor Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 4, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ON Semiconductor Corporation

$35.50B

$91.22Technology

Total return — ANSS vs ON

growth of $100 · last 25y

ANSS +13991.3%ON +147.5%ANSS compounded faster

Log scale — wide-divergence pair

ANSS ON

ANSS vs ON: by the numbers

•ON is the larger company ($35.50B vs $32.91B market cap).
•ANSS trades at the lower earnings multiple (55.53 vs 64.70 P/E).
•ANSS converts more revenue to profit (22.95% vs 9.46% net margin).
•ANSS grew revenue faster over the past five years (11.43% vs 2.12% CAGR).

Which is better, ANSS or ON?

Metric tally: ANSS 8 · ON 6

It depends on what you're optimizing for:

ValueANSS(lower P/E)

GrowthANSS(faster 5Y revenue CAGR)

QualityANSS(higher ROIC)

Metrics side by side

Valuation

Metric	ANSS	ON
P/E ratio	55.53●	64.70
Forward P/E	29.34	29.59
P/S ratio	12.77	5.93●
P/B ratio	5.34	4.92●
PEG ratio	3.55	—
EV / EBITDA	35.79	31.17●
FCF yield	2.63%	4.05%●

Profitability

Metric	ANSS	ON
Gross margin	88.78%●	37.22%
Operating margin	28.87%●	10.84%
Net margin	22.95%●	9.46%
ROE	9.59%●	7.86%
ROIC	8.09%●	6.24%

Growth (annualized)

Metric	ANSS	ON
Revenue CAGR (5Y)	11.43%●	2.12%
EPS CAGR (5Y)	4.22%●	-12.64%
FCF CAGR (5Y)	13.98%	23.39%●
Total return CAGR (5Y)	4.45%	18.89%●

Frequently asked

Which is better, ANSS or ON?: It depends on your goal. value: ANSS (lower P/E); growth: ANSS (faster 5Y revenue CAGR); quality: ANSS (higher ROIC). Across all compared metrics, ANSS leads 8 to 6.
Is ANSS or ON cheaper?: On trailing earnings, ANSS is cheaper: ANSS trades at a 55.53 P/E and ON at 64.70.
Which has grown faster, ANSS or ON?: Over the past five years, ANSS grew revenue faster — ANSS at a 11.43% CAGR versus ON at 2.12%.
Is ANSS or ON more profitable?: ANSS runs the higher net margin — ANSS at 22.95% versus ON at 9.46%.
Which has been the better investment, ANSS or ON?: Over the past 10-year, ON delivered the higher annualized total return — ANSS at 14.94% versus ON at 26.37%. Past performance doesn't predict future results.

Go deeper

Full ANSS analysis Full ON analysis Interactive comparison tool

Dig into the metrics

ANSYS P/E ratio ON Semiconductor P/E ratio ANSYS dividend yield ON Semiconductor dividend yield ANSYS ROE ON Semiconductor ROE ANSYS operating margin ON Semiconductor operating margin ANSYS revenue growth ON Semiconductor revenue growth ANSYS free cash flow ON Semiconductor free cash flow

ANSYS & ON Semiconductor appear in these rankings

Highest FCF Yield Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 4, 2026.