ON Semiconductor Corporation (ON) vs Tower Semiconductor Ltd. (TSEM)
A side-by-side comparison of ON Semiconductor Corporation and Tower Semiconductor Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 12, 2026. Differences are shown without an overall score or investment verdict.
ON
ON Semiconductor Corporation
$83.29TechnologyDelayed quote: Aug 12, 2026, 3:55 PM EDT
TSEM
Tower Semiconductor Ltd.
$260.53TechnologyDelayed quote: Aug 12, 2026, 3:55 PM EDT
Total return — ON vs TSEM
growth of $100 · dividends reinvested · last 10yON +689.8% (+23.0%/yr)TSEM +1542.0% (+32.3%/yr)TSEM compounded faster over this window
ON TSEM
ON vs TSEM: by the numbers
- •ON is the larger company ($32.43B vs $29.39B market cap).
- •ON trades at the lower trailing earnings multiple (51.99 vs 98.65 P/E), one valuation lens rather than an overall verdict.
- •TSEM converts more revenue to profit (16.94% vs 10.17% net margin).
- •TSEM grew revenue faster over the past five years (4.61% vs 2.67% CAGR).
Metrics side by side
Valuation
| Metric | ON | TSEM |
|---|---|---|
| P/E ratio | 51.99 | 98.65 |
| Forward P/E | 25.37 | 65.11 |
| P/S ratio | 5.29 | 16.71 |
| P/B ratio | 4.54 | 9.25 |
| EV / EBITDA | 27.33 | 47.79 |
| FCF yield | 5.40% | 1.07% |
Profitability
| Metric | ON | TSEM |
|---|---|---|
| Gross margin | 37.45% | 26.87% |
| Operating margin | 11.66% | 16.16% |
| Net margin | 10.17% | 16.94% |
| ROE | 8.73% | 9.38% |
| ROIC | 6.24% | 5.73% |
Growth (annualized)
| Metric | ON | TSEM |
|---|---|---|
| Revenue CAGR (5Y) | 2.67% | 4.61% |
| EPS CAGR (5Y) | -12.64% | 20.67% |
| FCF CAGR (5Y) | 17.01% | N/A |
| Total return CAGR (5Y) | 12.61% | 53.80% |
Frequently asked
- Which has the lower trailing P/E, ON or TSEM?
- ON has the lower trailing P/E: ON trades at 51.99 and TSEM at 98.65. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ON or TSEM?
- Over the past five years, TSEM grew revenue faster — ON at a 2.67% CAGR versus TSEM at 4.61%.
- Is ON or TSEM more profitable?
- TSEM runs the higher net margin — ON at 10.17% versus TSEM at 16.94%.
- How have ON and TSEM total returns compared?
- Over the past 10 years, ON delivered 22.96% and TSEM delivered 32.49% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ON Semiconductor P/E ratioTower Semiconductor P/E ratioON Semiconductor ROETower Semiconductor ROEON Semiconductor operating marginTower Semiconductor operating marginON Semiconductor revenue growthTower Semiconductor revenue growthON Semiconductor free cash flowTower Semiconductor free cash flow
ON Semiconductor & Tower Semiconductor 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 August 12, 2026.