On trailing earnings, SQ is cheaper: ON trades at a 82.83 P/E and SQ at 49.81.

Which has grown faster, ON or SQ?

Over the past five years, SQ grew revenue faster — ON at a 2.12% CAGR versus SQ at 13.19%.

Is ON or SQ more profitable?

ON runs the higher net margin — ON at 9.46% versus SQ at -2.04%.

Which has been the better investment, ON or SQ?

Over the past 5-year, ON delivered the higher annualized total return — ON at 28.11% versus SQ at 4.50%. Past performance doesn't predict future results.

ON Semiconductor Corporation (ON) vs Block, Inc. (SQ)

SQ leads on 9 of 15 compared metrics.

A side-by-side comparison of ON Semiconductor Corporation and Block, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ON Semiconductor Corporation

Total return — ON vs SQ

growth of $100 · last 9y

ON +436.4%SQ +590.0%SQ compounded faster

ON SQ

ON vs SQ: by the numbers

•SQ is the larger company ($51.73B vs $45.77B market cap).
•SQ trades at the lower earnings multiple (49.81 vs 82.83 P/E).
•ON is profitable (9.46% net margin) while SQ runs a net loss (-2.04%).
•SQ grew revenue faster over the past five years (13.19% vs 2.12% CAGR).

Which is better, ON or SQ?

Metric tally: ON 6 · SQ 9

It depends on what you're optimizing for:

ValueSQ(lower P/E)

GrowthSQ(faster 5Y revenue CAGR)

QualityON(higher ROIC)

Valuation

Metric	ON	SQ
P/E ratio	82.83	49.81●
Forward P/E	37.82	15.90●
P/S ratio	7.59	2.35●
P/B ratio	6.30	2.82●
PEG ratio	—	696.22
EV / EBITDA	38.67	26.61●
FCF yield	3.16%●	1.28%

Profitability

Metric	ON	SQ
Gross margin	37.22%	44.85%●
Operating margin	10.84%●	4.93%
Net margin	9.46%●	-2.04%
ROE	7.86%●	-2.30%
ROIC	6.24%●	-12.82%

Growth (annualized)

Metric	ON	SQ
Revenue CAGR (5Y)	2.12%	13.19%●
EPS CAGR (5Y)	-12.64%	34.72%●
FCF CAGR (5Y)	23.39%	64.00%●
Total return CAGR (5Y)	25.31%●	4.50%

Frequently asked

Which is better, ON or SQ?: It depends on your goal. value: SQ (lower P/E); growth: SQ (faster 5Y revenue CAGR); quality: ON (higher ROIC). Across all compared metrics, SQ leads 9 to 6.
Is ON or SQ cheaper?: On trailing earnings, SQ is cheaper: ON trades at a 82.83 P/E and SQ at 49.81.
Which has grown faster, ON or SQ?: Over the past five years, SQ grew revenue faster — ON at a 2.12% CAGR versus SQ at 13.19%.
Is ON or SQ more profitable?: ON runs the higher net margin — ON at 9.46% versus SQ at -2.04%.
Which has been the better investment, ON or SQ?: Over the past 5-year, ON delivered the higher annualized total return — ON at 28.11% versus SQ at 4.50%. Past performance doesn't predict future results.

Go deeper

Full ON analysis Full SQ analysis Interactive comparison tool

Dig into the metrics

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

ON Semiconductor & Block 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 13, 2026.