Is ON or TDY cheaper?

On trailing earnings, TDY is cheaper: ON trades at a 61.57 P/E and TDY at 31.64.

Which has grown faster, ON or TDY?

Over the past five years, TDY grew revenue faster — ON at a 2.12% CAGR versus TDY at 14.72%.

Is ON or TDY more profitable?

TDY runs the higher net margin — ON at 9.46% versus TDY at 15.29%.

Which has been the better investment, ON or TDY?

Over the past 10-year, ON delivered the higher annualized total return — ON at 24.67% versus TDY at 20.18%. Past performance doesn't predict future results.

ON Semiconductor Corporation (ON) vs Teledyne Technologies Incorporated (TDY)

TDY leads on 12 of 15 compared metrics.

A side-by-side comparison of ON Semiconductor Corporation and Teledyne Technologies Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 25, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ON Semiconductor Corporation

$33.79B

$86.81TechnologyAt close: Jul 24, 2026, 4:00 PM ET

TDY

Teledyne Technologies Incorporated

$30.36B

$655.35TechnologyAt close: Jul 24, 2026, 4:00 PM ET

Total return — ON vs TDY

growth of $100 · dividends reinvested · last 26y

ON +261.7%TDY +3315.5%TDY compounded faster

Log scale — wide-divergence pair

ON TDY

ON vs TDY: by the numbers

•ON is the larger company ($33.79B vs $30.36B market cap).
•TDY trades at the lower earnings multiple (31.64 vs 61.57 P/E).
•TDY converts more revenue to profit (15.29% vs 9.46% net margin).
•TDY grew revenue faster over the past five years (14.72% vs 2.12% CAGR).

Which is better, ON or TDY?

Metric tally: ON 3 · TDY 12

It depends on what you're optimizing for:

ValueTDY(lower P/E)

GrowthTDY(faster 5Y revenue CAGR)

QualityTDY(higher ROIC)

Metrics side by side

Valuation

Metric	ON	TDY
P/E ratio	61.57	31.64●
Forward P/E	28.11	26.87●
P/S ratio	5.64	4.82●
P/B ratio	4.69	2.82●
PEG ratio	—	3.29
EV / EBITDA	29.70	19.22●
FCF yield	4.25%●	3.44%

Profitability

Metric	ON	TDY
Gross margin	37.22%	39.04%●
Operating margin	10.84%	19.45%●
Net margin	9.46%	15.29%●
ROE	7.86%	8.93%●
ROIC	6.24%	6.77%●

Growth (annualized)

Metric	ON	TDY
Revenue CAGR (5Y)	2.12%	14.72%●
EPS CAGR (5Y)	-12.64%	9.30%●
FCF CAGR (5Y)	23.38%●	13.31%
Total return CAGR (5Y)	19.01%●	8.01%

Frequently asked

Which is better, ON or TDY?: It depends on your goal. value: TDY (lower P/E); growth: TDY (faster 5Y revenue CAGR); quality: TDY (higher ROIC). Across all compared metrics, TDY leads 12 to 3.
Is ON or TDY cheaper?: On trailing earnings, TDY is cheaper: ON trades at a 61.57 P/E and TDY at 31.64.
Which has grown faster, ON or TDY?: Over the past five years, TDY grew revenue faster — ON at a 2.12% CAGR versus TDY at 14.72%.
Is ON or TDY more profitable?: TDY runs the higher net margin — ON at 9.46% versus TDY at 15.29%.
Which has been the better investment, ON or TDY?: Over the past 10-year, ON delivered the higher annualized total return — ON at 24.67% versus TDY at 20.18%. Past performance doesn't predict future results.

Go deeper

Full ON analysis Full TDY analysis Interactive comparison tool

Dig into the metrics

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

ON Semiconductor & Teledyne Technologies appear in these rankings

Highest FCF Yield Stocks 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 July 25, 2026.