ON Semiconductor Corporation (ON) vs Qnity Electronics, Inc. (Q)
Q leads on 9 of 11 compared metrics.
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 June 26, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
ON
ON Semiconductor Corporation
$118.74Technology
Q
Qnity Electronics, Inc.
$167.49Technology
Total return — ON vs Q
growth of $100 · last 1yON +71.6%Q +65.5%ON compounded faster
ON Q
ON vs Q: by the numbers
- •ON is the larger company ($35.44B vs $33.08B market cap).
- •Q trades at the lower earnings multiple (53.86 vs 84.21 P/E).
- •Q converts more revenue to profit (13.13% vs 9.46% net margin).
- •Q pays a dividend (0.19% yield) while ON does not currently pay one.
Which is better, ON or Q?
Metric tally: ON 2 · Q 9It depends on what you're optimizing for:
ValueQ(lower P/E)
QualityON(higher ROIC)
Metrics side by side
Valuation
| Metric | ON | Q |
|---|---|---|
| P/E ratio | 84.21 | 53.86● |
| Forward P/E | 38.32 | 35.31● |
| P/S ratio | 7.72 | 7.11● |
| P/B ratio | 6.41 | 4.90● |
| EV / EBITDA | 40.31 | 26.64● |
| FCF yield | 3.11%● | 2.55% |
Profitability
| Metric | ON | Q |
|---|---|---|
| Gross margin | 37.22% | 41.97%● |
| Operating margin | 10.84% | 21.43%● |
| Net margin | 9.46% | 13.13%● |
| ROE | 7.86% | 9.05%● |
| ROIC | 6.24%● | 6.01% |
Dividends
| Metric | ON | Q |
|---|---|---|
| Dividend yield | — | 0.19% |
| Payout ratio | — | 9.70% |
Growth (annualized)
| Metric | ON | Q |
|---|---|---|
| Revenue CAGR (5Y) | 2.12% | — |
| EPS CAGR (5Y) | -12.64% | — |
| FCF CAGR (5Y) | 23.39% | — |
| Total return CAGR (5Y) | 19.23% | — |
Frequently asked
- Which is better, ON or Q?
- It depends on your goal. value: Q (lower P/E); quality: ON (higher ROIC). Across all compared metrics, Q leads 9 to 2.
- Is ON or Q cheaper?
- On trailing earnings, Q is cheaper: ON trades at a 84.21 P/E and Q at 53.86.
- Does ON or Q pay a bigger dividend?
- Q pays a dividend (0.19% yield) while ON does not currently pay one.
- Is ON or Q more profitable?
- Q runs the higher net margin — ON at 9.46% versus Q at 13.13%.
Go deeper
Dig into the metrics
ON Semiconductor P/E ratioQnity Electronics P/E ratioON Semiconductor dividend yieldQnity Electronics dividend yieldON Semiconductor ROEQnity Electronics ROEON Semiconductor operating marginQnity Electronics operating marginON Semiconductor revenue growthQnity Electronics revenue growthON Semiconductor free cash flowQnity Electronics free cash flow
ON Semiconductor & Qnity Electronics 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 June 26, 2026.