Is GRMN or ON cheaper?

On trailing earnings, GRMN is cheaper: GRMN trades at a 26.54 P/E and ON at 82.83.

Which has grown faster, GRMN or ON?

Over the past five years, GRMN grew revenue faster — GRMN at a 11.13% CAGR versus ON at 2.12%.

Does GRMN or ON pay a bigger dividend?

GRMN pays a dividend (1.51% yield) while ON does not currently pay one.

Is GRMN or ON more profitable?

GRMN runs the higher net margin — GRMN at 23.26% versus ON at 9.46%.

Which has been the better investment, GRMN or ON?

Over the past 10-year, ON delivered the higher annualized total return — GRMN at 22.01% versus ON at 28.11%. Past performance doesn't predict future results.

Garmin Ltd. (GRMN) vs ON Semiconductor Corporation (ON)

GRMN leads on 12 of 14 compared metrics.

A side-by-side comparison of Garmin Ltd. and ON Semiconductor Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ON Semiconductor Corporation

$45.77B

$116.79Technology

Total return — GRMN vs ON

growth of $100 · last 26y

GRMN +2281.0%ON +1244.3%GRMN compounded faster

GRMN ON

GRMN vs ON: by the numbers

•GRMN is the larger company ($45.92B vs $45.77B market cap).
•GRMN trades at the lower earnings multiple (26.54 vs 82.83 P/E).
•GRMN converts more revenue to profit (23.26% vs 9.46% net margin).
•GRMN grew revenue faster over the past five years (11.13% vs 2.12% CAGR).
•GRMN pays a dividend (1.51% yield) while ON does not currently pay one.

Which is better, GRMN or ON?

Metric tally: GRMN 12 · ON 2

It depends on what you're optimizing for:

ValueGRMN(lower P/E)

GrowthGRMN(faster 5Y revenue CAGR)

QualityGRMN(higher ROIC)

Valuation

Metric	GRMN	ON
P/E ratio	26.54●	82.83
Forward P/E	24.70●	37.82
P/S ratio	6.17●	7.59
P/B ratio	4.97●	6.30
PEG ratio	1.34	—
EV / EBITDA	19.20●	38.67
FCF yield	3.15%	3.16%

Profitability

Metric	GRMN	ON
Gross margin	59.14%●	37.22%
Operating margin	26.46%●	10.84%
Net margin	23.26%●	9.46%
ROE	18.73%●	7.86%
ROIC	16.71%●	6.24%

Dividends

Metric	GRMN	ON
Dividend yield	1.51%	—
Payout ratio	41.62%	—

Growth (annualized)

Metric	GRMN	ON
Revenue CAGR (5Y)	11.13%●	2.12%
EPS CAGR (5Y)	9.55%●	-12.64%
FCF CAGR (5Y)	5.80%	23.39%●
Total return CAGR (5Y)	12.86%	25.31%●

Frequently asked

Which is better, GRMN or ON?: It depends on your goal. value: GRMN (lower P/E); growth: GRMN (faster 5Y revenue CAGR); quality: GRMN (higher ROIC). Across all compared metrics, GRMN leads 12 to 2.
Is GRMN or ON cheaper?: On trailing earnings, GRMN is cheaper: GRMN trades at a 26.54 P/E and ON at 82.83.
Which has grown faster, GRMN or ON?: Over the past five years, GRMN grew revenue faster — GRMN at a 11.13% CAGR versus ON at 2.12%.
Does GRMN or ON pay a bigger dividend?: GRMN pays a dividend (1.51% yield) while ON does not currently pay one.
Is GRMN or ON more profitable?: GRMN runs the higher net margin — GRMN at 23.26% versus ON at 9.46%.
Which has been the better investment, GRMN or ON?: Over the past 10-year, ON delivered the higher annualized total return — GRMN at 22.01% versus ON at 28.11%. Past performance doesn't predict future results.

Go deeper

Full GRMN analysis Full ON analysis Interactive comparison tool

Dig into the metrics

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

Garmin & ON Semiconductor appear in these rankings

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 14, 2026.