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

Q has the lower trailing P/E: ON trades at 51.14 and Q at 47.99. P/E is one valuation measure and does not by itself establish which business is cheaper.

Does ON or Q pay a bigger dividend?

Q pays a dividend (0.16% yield), while ON has no payments in the available dividend history.

Is ON or Q more profitable?

Q runs the higher net margin — ON at 10.17% versus Q at 11.25%.

ON Semiconductor Corporation (ON) vs Qnity Electronics, Inc. (Q)

A side-by-side comparison of ON Semiconductor Corporation and Qnity Electronics, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 11, 2026. Differences are shown without an overall score or investment verdict.

ON Semiconductor Corporation

$31.69B

$81.40TechnologyDelayed quote: Aug 11, 2026, 12:25 PM EDT

Qnity Electronics, Inc.

$29.07B

$138.87TechnologyDelayed quote: Aug 11, 2026, 12:24 PM EDT

Total return — ON vs Q

growth of $100 · dividends reinvested · last 1y

ON +45.3% (+45.3%/yr)Q +41.3% (+41.3%/yr)ON compounded faster over this window

ON Q

ON vs Q: by the numbers

•ON is the larger company ($31.69B vs $29.07B market cap).
•Q trades at the lower trailing earnings multiple (47.99 vs 51.14 P/E), one valuation lens rather than an overall verdict.
•Q converts more revenue to profit (11.25% vs 10.17% net margin).
•Q pays a dividend (0.16% yield), while ON has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	ON	Q
P/E ratio	51.14	47.99
Forward P/E	24.95	30.03
P/S ratio	5.21	5.42
P/B ratio	4.47	3.89
EV / EBITDA	26.89	18.66
FCF yield	5.67%	2.97%

Profitability

Metric	ON	Q
Gross margin	37.45%	43.26%
Operating margin	11.66%	22.94%
Net margin	10.17%	11.25%
ROE	8.73%	8.07%
ROIC	6.24%	6.01%

Dividends

Metric	ON	Q
Dividend yield	N/A	0.16%
Payout ratio	N/A	6.67%

Growth (annualized)

Metric	ON	Q
Revenue CAGR (5Y)	2.67%	N/A
EPS CAGR (5Y)	-12.64%	N/A
FCF CAGR (5Y)	17.75%	N/A
Total return CAGR (5Y)	12.44%	N/A

Frequently asked

Which has the lower trailing P/E, ON or Q?: Q has the lower trailing P/E: ON trades at 51.14 and Q at 47.99. P/E is one valuation measure and does not by itself establish which business is cheaper.
Does ON or Q pay a bigger dividend?: Q pays a dividend (0.16% yield), while ON has no payments in the available dividend history.
Is ON or Q more profitable?: Q runs the higher net margin — ON at 10.17% versus Q at 11.25%.

Go deeper

Full ON analysis Full Q analysis Interactive comparison tool

Dig into the metrics

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

ON Semiconductor & Qnity Electronics appear in these rankings

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 11, 2026.