Is KEYS or ON cheaper?

On trailing earnings, KEYS is cheaper: KEYS trades at a 57.77 P/E and ON at 82.83.

Which has grown faster, KEYS or ON?

Over the past five years, KEYS grew revenue faster — KEYS at a 5.62% CAGR versus ON at 2.12%.

Is KEYS or ON more profitable?

KEYS runs the higher net margin — KEYS at 17.25% versus ON at 9.46%.

Which has been the better investment, KEYS or ON?

Over the past 10-year, ON delivered the higher annualized total return — KEYS at 27.59% versus ON at 28.11%. Past performance doesn't predict future results.

Keysight Technologies, Inc. (KEYS) vs ON Semiconductor Corporation (ON)

KEYS leads on 9 of 15 compared metrics.

A side-by-side comparison of Keysight Technologies, Inc. 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).

KEYS

Keysight Technologies, Inc.

$59.93B

$350.67Technology

ON Semiconductor Corporation

$45.77B

$116.79Technology

Total return — KEYS vs ON

growth of $100 · last 12y

KEYS +1141.3%ON +1469.8%ON compounded faster

KEYS ON

KEYS vs ON: by the numbers

•KEYS is the larger company ($59.93B vs $45.77B market cap).
•KEYS trades at the lower earnings multiple (57.77 vs 82.83 P/E).
•KEYS converts more revenue to profit (17.25% vs 9.46% net margin).
•KEYS grew revenue faster over the past five years (5.62% vs 2.12% CAGR).

Which is better, KEYS or ON?

Metric tally: KEYS 9 · ON 6

It depends on what you're optimizing for:

ValueKEYS(lower P/E)

GrowthKEYS(faster 5Y revenue CAGR)

QualityKEYS(higher ROIC)

Valuation

Metric	KEYS	ON
P/E ratio	57.77●	82.83
Forward P/E	34.46●	37.82
P/S ratio	9.96	7.59●
P/B ratio	9.58	6.30●
PEG ratio	0.96	—
EV / EBITDA	42.37	38.67●
FCF yield	2.38%	3.16%●

Profitability

Metric	KEYS	ON
Gross margin	63.67%●	37.22%
Operating margin	18.17%●	10.84%
Net margin	17.25%●	9.46%
ROE	16.59%●	7.86%
ROIC	8.02%●	6.24%

Growth (annualized)

Metric	KEYS	ON
Revenue CAGR (5Y)	5.62%●	2.12%
EPS CAGR (5Y)	7.90%●	-12.64%
FCF CAGR (5Y)	5.73%	23.39%●
Total return CAGR (5Y)	18.85%	25.31%●

Frequently asked

Which is better, KEYS or ON?: It depends on your goal. value: KEYS (lower P/E); growth: KEYS (faster 5Y revenue CAGR); quality: KEYS (higher ROIC). Across all compared metrics, KEYS leads 9 to 6.
Is KEYS or ON cheaper?: On trailing earnings, KEYS is cheaper: KEYS trades at a 57.77 P/E and ON at 82.83.
Which has grown faster, KEYS or ON?: Over the past five years, KEYS grew revenue faster — KEYS at a 5.62% CAGR versus ON at 2.12%.
Is KEYS or ON more profitable?: KEYS runs the higher net margin — KEYS at 17.25% versus ON at 9.46%.
Which has been the better investment, KEYS or ON?: Over the past 10-year, ON delivered the higher annualized total return — KEYS at 27.59% versus ON at 28.11%. Past performance doesn't predict future results.

Go deeper

Full KEYS analysis Full ON analysis Interactive comparison tool

Dig into the metrics

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

Keysight Technologies & 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.