Is CLS or ON cheaper?

On trailing earnings, CLS is cheaper: CLS trades at a 44.99 P/E and ON at 86.26.

Which has grown faster, CLS or ON?

Over the past five years, CLS grew revenue faster — CLS at a 19.51% CAGR versus ON at 2.12%.

Is CLS or ON more profitable?

ON runs the higher net margin — CLS at 6.95% versus ON at 9.46%.

Which has been the better investment, CLS or ON?

Over the past 10-year, CLS delivered the higher annualized total return — CLS at 43.02% versus ON at 29.10%. Past performance doesn't predict future results.

Celestica Inc. (CLS) vs ON Semiconductor Corporation (ON)

CLS leads on 10 of 15 compared metrics.

A side-by-side comparison of Celestica Inc. and ON Semiconductor Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ON Semiconductor Corporation

$47.66B

$121.62Technology

Total return — CLS vs ON

growth of $100 · last 26y

CLS +621.6%ON +406.8%CLS compounded faster

CLS ON

CLS vs ON: by the numbers

•ON is the larger company ($47.66B vs $42.83B market cap).
•CLS trades at the lower earnings multiple (44.99 vs 86.26 P/E).
•ON converts more revenue to profit (9.46% vs 6.95% net margin).
•CLS grew revenue faster over the past five years (19.51% vs 2.12% CAGR).

Which is better, CLS or ON?

Metric tally: CLS 10 · ON 5

It depends on what you're optimizing for:

ValueCLS(lower P/E)

GrowthCLS(faster 5Y revenue CAGR)

QualityCLS(higher ROIC)

Metrics side by side

Valuation

Metric	CLS	ON
P/E ratio	44.99●	86.26
Forward P/E	37.36●	39.36
P/S ratio	3.12●	7.91
P/B ratio	21.04	6.56●
PEG ratio	0.39	—
EV / EBITDA	31.98●	40.23
FCF yield	1.14%	3.03%●

Profitability

Metric	CLS	ON
Gross margin	11.61%	37.22%●
Operating margin	7.84%	10.84%●
Net margin	6.95%	9.46%●
ROE	46.86%●	7.86%
ROIC	27.74%●	6.24%

Growth (annualized)

Metric	CLS	ON
Revenue CAGR (5Y)	19.51%●	2.12%
EPS CAGR (5Y)	73.33%●	-12.64%
FCF CAGR (5Y)	26.52%●	23.39%
Total return CAGR (5Y)	116.87%●	27.73%

Frequently asked

Which is better, CLS or ON?: It depends on your goal. value: CLS (lower P/E); growth: CLS (faster 5Y revenue CAGR); quality: CLS (higher ROIC). Across all compared metrics, CLS leads 10 to 5.
Is CLS or ON cheaper?: On trailing earnings, CLS is cheaper: CLS trades at a 44.99 P/E and ON at 86.26.
Which has grown faster, CLS or ON?: Over the past five years, CLS grew revenue faster — CLS at a 19.51% CAGR versus ON at 2.12%.
Is CLS or ON more profitable?: ON runs the higher net margin — CLS at 6.95% versus ON at 9.46%.
Which has been the better investment, CLS or ON?: Over the past 10-year, CLS delivered the higher annualized total return — CLS at 43.02% versus ON at 29.10%. Past performance doesn't predict future results.

Go deeper

Full CLS analysis Full ON analysis Interactive comparison tool

Dig into the metrics

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

Celestica & ON Semiconductor appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC 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 June 20, 2026.