Which has the lower trailing P/E, HPQ or ON?

HPQ has the lower trailing P/E: HPQ trades at 11.05 and ON at 49.09. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, HPQ or ON?

Over the past five years, ON grew revenue faster — HPQ at a -1.23% CAGR versus ON at 2.67%.

Does HPQ or ON pay a bigger dividend?

HPQ pays a dividend (3.97% yield), while ON has no payments in the available dividend history.

Is HPQ or ON more profitable?

ON runs the higher net margin — HPQ at 4.45% versus ON at 10.17%.

How have HPQ and ON total returns compared?

Over the past 10 years, HPQ delivered 11.28% and ON delivered 22.29% annualized total return. Past performance doesn't predict future results.

HP Inc. (HPQ) vs ON Semiconductor Corporation (ON)

A side-by-side comparison of HP Inc. and ON Semiconductor Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.

HPQ

HP Inc.

$27.38B

$29.94TechnologyAt close: Aug 19, 2026, 4:00 PM ET

ON Semiconductor Corporation

$29.81B

$76.58TechnologyAt close: Aug 19, 2026, 4:00 PM ET

Total return — HPQ vs ON

growth of $100 · dividends reinvested · last 10y

HPQ +191.4% (+11.3%/yr)ON +639.2% (+22.1%/yr)ON compounded faster over this window

HPQ ON

HPQ vs ON: by the numbers

•ON is the larger company ($29.81B vs $27.38B market cap).
•HPQ trades at the lower trailing earnings multiple (11.05 vs 49.09 P/E), one valuation lens rather than an overall verdict.
•ON converts more revenue to profit (10.17% vs 4.45% net margin).
•ON grew revenue faster over the past five years (2.67% vs -1.23% CAGR).
•HPQ pays a dividend (3.97% yield), while ON has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	HPQ	ON
P/E ratio	11.05	49.09
Forward P/E	9.90	23.95
P/S ratio	0.48	5.00
P/B ratio	N/A	4.29
EV / EBITDA	8.39	25.84
FCF yield	13.64%	5.72%

Profitability

Metric	HPQ	ON
Gross margin	20.21%	37.45%
Operating margin	5.51%	11.66%
Net margin	4.45%	10.17%
ROE	-730.92%	8.73%
ROIC	22.75%	5.23%

Dividends

Metric	HPQ	ON
Dividend yield	3.97%	N/A
Payout ratio	44.55%	N/A

Growth (annualized)

Metric	HPQ	ON
Revenue CAGR (5Y)	-1.23%	2.67%
EPS CAGR (5Y)	5.84%	-12.64%
FCF CAGR (5Y)	-7.31%	17.01%
Total return CAGR (5Y)	5.36%	13.32%

Frequently asked

Which has the lower trailing P/E, HPQ or ON?: HPQ has the lower trailing P/E: HPQ trades at 11.05 and ON at 49.09. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, HPQ or ON?: Over the past five years, ON grew revenue faster — HPQ at a -1.23% CAGR versus ON at 2.67%.
Does HPQ or ON pay a bigger dividend?: HPQ pays a dividend (3.97% yield), while ON has no payments in the available dividend history.
Is HPQ or ON more profitable?: ON runs the higher net margin — HPQ at 4.45% versus ON at 10.17%.
How have HPQ and ON total returns compared?: Over the past 10 years, HPQ delivered 11.28% and ON delivered 22.29% annualized total return. Past performance doesn't predict future results.

Go deeper

Full HPQ analysis Full ON analysis Interactive comparison tool

Dig into the metrics

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

HP & ON Semiconductor appear in these rankings

Highest Dividend Yield Stocks Highest ROIC Stocks Highest FCF Yield Stocks Highest 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 August 20, 2026.