ON Semiconductor Corporation (ON) vs Paychex, Inc. (PAYX)
PAYX leads on 11 of 15 compared metrics.
A side-by-side comparison of ON Semiconductor Corporation and Paychex, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 22, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
ON
ON Semiconductor Corporation
$92.33TechnologyDelayed quote: Jul 22, 2026, 4:00 PM EDT
PAYX
Paychex, Inc.
$110.74TechnologyDelayed quote: Jul 22, 2026, 4:00 PM EDT
Total return — ON vs PAYX
growth of $100 · dividends reinvested · last 26yON +290.5%PAYX +579.0%PAYX compounded faster
ON PAYX
ON vs PAYX: by the numbers
- •PAYX is the larger company ($39.38B vs $35.93B market cap).
- •PAYX trades at the lower earnings multiple (22.94 vs 64.58 P/E).
- •PAYX converts more revenue to profit (27.03% vs 9.46% net margin).
- •PAYX grew revenue faster over the past five years (9.93% vs 2.12% CAGR).
- •PAYX pays a dividend (3.96% yield) while ON does not currently pay one.
Which is better, ON or PAYX?
Metric tally: ON 4 · PAYX 11It depends on what you're optimizing for:
ValuePAYX(lower P/E)
GrowthPAYX(faster 5Y revenue CAGR)
QualityPAYX(higher ROIC)
Metrics side by side
Valuation
| Metric | ON | PAYX |
|---|---|---|
| P/E ratio | 64.58 | 22.94● |
| Forward P/E | 29.49 | 20.38● |
| P/S ratio | 5.92● | 6.16 |
| P/B ratio | 4.91● | 10.74 |
| PEG ratio | — | 3.21 |
| EV / EBITDA | 31.11 | 14.75● |
| FCF yield | 4.05% | 5.79%● |
Profitability
| Metric | ON | PAYX |
|---|---|---|
| Gross margin | 37.22% | 74.29%● |
| Operating margin | 10.84% | 38.55%● |
| Net margin | 9.46% | 27.03%● |
| ROE | 7.86% | 47.12%● |
| ROIC | 6.24% | 20.49%● |
Dividends
| Metric | ON | PAYX |
|---|---|---|
| Dividend yield | — | 3.96% |
| Payout ratio | — | 90.41% |
Growth (annualized)
| Metric | ON | PAYX |
|---|---|---|
| Revenue CAGR (5Y) | 2.12% | 9.93%● |
| EPS CAGR (5Y) | -12.64% | 9.95%● |
| FCF CAGR (5Y) | 23.38%● | 15.18% |
| Total return CAGR (5Y) | 20.74%● | 3.16% |
Frequently asked
- Which is better, ON or PAYX?
- It depends on your goal. value: PAYX (lower P/E); growth: PAYX (faster 5Y revenue CAGR); quality: PAYX (higher ROIC). Across all compared metrics, PAYX leads 11 to 4.
- Is ON or PAYX cheaper?
- On trailing earnings, PAYX is cheaper: ON trades at a 64.58 P/E and PAYX at 22.94.
- Which has grown faster, ON or PAYX?
- Over the past five years, PAYX grew revenue faster — ON at a 2.12% CAGR versus PAYX at 9.93%.
- Does ON or PAYX pay a bigger dividend?
- PAYX pays a dividend (3.96% yield) while ON does not currently pay one.
- Is ON or PAYX more profitable?
- PAYX runs the higher net margin — ON at 9.46% versus PAYX at 27.03%.
- Which has been the better investment, ON or PAYX?
- Over the past 10-year, ON delivered the higher annualized total return — ON at 25.42% versus PAYX at 9.71%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ON Semiconductor P/E ratioPaychex P/E ratioON Semiconductor dividend yieldPaychex dividend yieldON Semiconductor ROEPaychex ROEON Semiconductor operating marginPaychex operating marginON Semiconductor revenue growthPaychex revenue growthON Semiconductor free cash flowPaychex free cash flow
ON Semiconductor & Paychex appear in these rankings
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 22, 2026.