ON financial statements

The full income statement, balance sheet, and cash-flow statement for ON Semiconductor Corporation (ON), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 428.4M2024-09 425.8M2024-12 421.4M2025-04 417.9M2025-07 409.0M2025-10 402.4M2025-12 394.0M2026-04 391.9M2026-07 389.3M-9.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	6.00B YoY-15.3%	7.08B YoY-14.2%	8.25B YoY-0.9%	8.33B YoY+23.5%	6.74B YoY+28.3%
	1.98B YoY-38.3%	3.22B YoY-17.2%	3.88B YoY-4.8%	4.08B YoY+50.2%	2.71B YoY+58.2%
Cost of revenue	4.01B YoY+3.8%	3.87B YoY-11.5%	4.37B YoY+2.8%	4.25B YoY+5.6%	4.03B YoY+13.7%
	1.90B YoY+31.2%	1.45B YoY+7.7%	1.34B YoY-21.7%	1.72B YoY+20.4%	1.43B YoY+4.4%
Research & development	584M YoY-4.7%	613M YoY+6.1%	577M YoY-3.8%	600M YoY-8.4%	655M YoY+1.9%
Selling, general & administrative	349M YoY-7.3%	376M YoY+3.8%	362M YoY+5.6%	343M YoY+12.6%	305M YoY+17.8%
General & administrative	349M YoY-7.3%	376M YoY+3.8%	362M YoY+5.6%	343M YoY+12.6%	305M YoY+17.8%
Selling & marketing	256M YoY-6.4%	274M YoY-2.0%	279M YoY-3.1%	288M YoY-1.9%	294M YoY+5.3%
Restructuring	—	—	—	11.2M YoY-83.4%	67.5M YoY+30.8%
Amortization of intangibles	44.4M YoY-14.6%	52.0M YoY+1.8%	51.1M YoY-37.1%	81.2M YoY-18.0%	99.0M YoY-17.7%
Operating income	84.2M YoY-95.2%	1.77B YoY-30.4%	2.54B YoY+7.6%	2.36B YoY+83.3%	1.29B YoY+269.3%
Interest expense	70.9M YoY+13.8%	62.3M YoY-16.7%	74.8M YoY-21.2%	94.9M YoY-27.2%	130M YoY-22.6%
Interest & investment income	95.1M YoY-14.6%	111M YoY+19.7%	93.1M YoY+500.6%	15.5M YoY+1007.1%	1.40M YoY-71.4%
Other non-operating income	22.9M YoY+11.2%	20.6M YoY+386.1%	-7.20M YoY-133.2%	21.7M YoY+20.6%	18.0M YoY+309.3%
Pre-tax income	131M YoY-92.9%	1.84B YoY-27.5%	2.54B YoY+7.3%	2.36B YoY+104.0%	1.16B YoY+555.6%
Income tax	7.70M YoY-97.1%	263M YoY-25.0%	350M YoY-23.6%	458M YoY+212.7%	147M YoY+345.2%
	121M YoY-92.3%	1.57B YoY-28.0%	2.18B YoY+14.8%	1.90B YoY+88.4%	1.01B YoY+331.1%
Net income to non-controlling interest	2.60M YoY+44.4%	1.80M YoY-5.3%	1.90M YoY+18.8%	1.60M YoY+0.0%	1.60M YoY-27.3%
Net income to common	121M YoY-92.3%	1.57B YoY-28.0%	2.18B YoY+14.8%	1.90B YoY+88.4%	1.01B YoY+331.1%
	$0.29 YoY-92.0%	$3.63 YoY-25.8%	$4.89 YoY+15.1%	$4.25 YoY+87.2%	$2.27 YoY+305.4%
EPS (basic)	$0.29 YoY-92.1%	$3.68 YoY-27.4%	$5.07 YoY+15.5%	$4.39 YoY+85.2%	$2.37 YoY+315.8%
	411M YoY-3.8%	427M YoY-0.8%	431M YoY-0.6%	433M YoY+1.8%	426M YoY+3.7%
	412M YoY-4.8%	433M YoY-3.2%	447M YoY-0.3%	448M YoY+1.0%	444M YoY+6.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.82B YoY-13.8%	6.75B YoY+14.2%	5.91B YoY+3.2%	5.73B YoY+51.5%	3.78B YoY+18.8%
Cash & equivalents	2.15B YoY-20.2%	2.69B YoY+8.4%	2.48B YoY-14.9%	2.92B YoY+115.8%	1.35B YoY+25.2%
Short-term investments	400M YoY+33.3%	300M	0.00	—	—
Accounts receivable	908M YoY-21.7%	1.16B YoY+24.0%	935M YoY+11.1%	842M YoY+4.1%	809M YoY+19.7%
Inventory	1.99B YoY-11.3%	2.24B YoY+6.2%	2.11B YoY+30.6%	1.62B YoY+17.2%	1.38B YoY+10.2%
Other current assets	353M YoY-0.1%	353M YoY-7.5%	382M YoY+8.8%	351M YoY+46.3%	240M YoY+36.4%
	12.5B YoY-11.1%	14.1B YoY+6.6%	13.2B YoY+10.3%	12.0B YoY+24.4%	9.63B YoY+11.1%
Property, plant & equipment	3.37B YoY-22.8%	4.36B YoY-0.9%	4.40B YoY+27.6%	3.45B YoY+36.7%	2.52B YoY+0.5%
Operating lease right-of-use	201M YoY-19.6%	250M YoY+1.0%	247M YoY-5.6%	262M YoY+54.1%	170M YoY+24.8%
Goodwill	1.68B YoY+5.8%	1.59B YoY+0.7%	1.58B YoY+0.0%	1.58B YoY-18.6%	1.94B YoY+16.5%
Intangible assets	344M YoY+33.3%	258M YoY-13.8%	299M YoY-16.8%	360M YoY-27.4%	496M YoY+5.7%
Deferred tax assets	929M YoY+27.3%	730M YoY+21.5%	601M YoY+59.5%	377M YoY+2.8%	366M YoY-14.6%
Other non-current assets	356M YoY-1.2%	360M YoY-5.5%	381M YoY-13.1%	439M YoY-12.0%	498M YoY+21.5%
	1.29B YoY-3.5%	1.33B YoY-38.9%	2.18B YoY+5.9%	2.06B YoY+33.6%	1.54B YoY-7.8%
Accounts payable	572M YoY-0.4%	575M YoY-20.8%	726M YoY-14.8%	852M YoY+34.2%	635M YoY+10.9%
Accrued liabilities	715M YoY-5.9%	760M YoY+14.6%	663M YoY-36.7%	1.05B YoY+42.5%	735M YoY+28.9%
Deferred revenue	51.8M YoY-47.3%	98.2M YoY+12.1%	87.6M YoY+44.8%	60.5M	—
Short-term & current debt	0.00	0.00 YoY-100.0%	794M YoY+437.2%	148M YoY-8.0%	161M YoY-69.8%
Current lease liability	33.9M YoY+7.6%	31.5M YoY-4.5%	33.0M YoY-6.3%	35.2M YoY+8.3%	32.5M YoY+0.9%
Finance lease liability (current)	500K YoY+66.7%	300K YoY-62.5%	800K YoY-94.4%	14.2M YoY+11.8%	12.7M
	4.83B YoY-8.4%	5.28B YoY-2.6%	5.41B YoY-6.2%	5.77B YoY+14.9%	5.02B YoY-1.7%
Long-term debt	2.98B YoY-10.9%	3.35B YoY+31.6%	2.54B YoY-16.5%	3.05B YoY+4.5%	2.91B YoY-1.5%
Deferred revenue (non-current)	69.8M YoY-42.3%	121M YoY-44.2%	217M	—	—
Non-current lease liability	215M YoY-12.3%	245M YoY+5.9%	231M YoY-6.3%	247M YoY+73.1%	142M YoY+23.1%
Operating lease liability (total)	248M YoY-10.1%	276M YoY+4.6%	264M YoY-6.3%	282M YoY+61.1%	175M YoY+18.3%
Finance lease liability (total)	24.3M YoY+15.7%	21.0M YoY-9.5%	23.2M YoY-37.6%	37.2M YoY+62.4%	22.9M
Finance lease liability	23.8M YoY+15.0%	20.7M YoY-7.6%	22.4M YoY-2.6%	23.0M YoY+125.5%	10.2M
Deferred tax liabilities	41.7M YoY+10.9%	37.6M YoY-2.8%	38.7M YoY+13.5%	34.1M YoY-21.1%	43.2M YoY-24.6%
Other non-current liabilities	499M YoY-7.0%	536M YoY-14.5%	627M YoY+3.3%	607M YoY+18.9%	511M YoY+22.1%
	7.67B YoY-12.8%	8.80B YoY+13.0%	7.78B YoY+25.8%	6.19B YoY+35.0%	4.59B YoY+29.6%
Common stock	6.20M YoY+0.0%	6.20M YoY+0.0%	6.20M YoY+1.6%	6.10M YoY+1.7%	6.00M YoY+5.3%
Additional paid-in capital	5.54B YoY+3.1%	5.37B YoY+3.1%	5.21B YoY+11.6%	4.67B YoY+0.8%	4.63B YoY+12.1%
Retained earnings	8.24B YoY+1.5%	8.12B YoY+24.0%	6.55B YoY+50.0%	4.36B YoY+79.2%	2.44B YoY+70.8%
Treasury stock	6.06B YoY+30.5%	4.64B YoY+17.9%	3.94B YoY+39.1%	2.83B YoY+15.6%	2.45B YoY+24.4%
Accumulated other comprehensive income	-55.5M YoY+11.1%	-62.4M YoY-38.1%	-45.2M YoY-94.8%	-23.2M YoY+42.9%	-40.6M YoY+29.5%
Non-controlling interest	18.6M YoY+2.8%	18.1M YoY+0.6%	18.0M YoY-2.7%	18.5M YoY-2.6%	19.0M YoY-3.1%
Total equity incl. non-controlling	7.69B YoY-12.7%	8.81B YoY+13.0%	7.80B YoY+25.7%	6.21B YoY+34.8%	4.60B YoY+29.4%
Total liabilities & equity	12.5B YoY-11.1%	14.1B YoY+6.6%	13.2B YoY+10.3%	12.0B YoY+24.4%	9.63B YoY+11.1%
	625M YoY+0.4%	623M YoY+1.0%	616M YoY+1.3%	608M YoY+0.9%	603M YoY+5.7%
	397M YoY-6.2%	423M YoY-0.8%	426M YoY-1.3%	432M YoY-0.1%	432M YoY+5.0%
	394M YoY-6.5%	421M YoY-1.4%	427M YoY-1.1%	432M YoY-0.1%	432M YoY+5.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.76B YoY-7.7%	1.91B YoY-3.6%	1.98B YoY-24.9%	2.63B YoY+47.8%	1.78B YoY+101.5%
Depreciation & amortization	686M YoY+6.7%	643M YoY+5.5%	610M YoY+10.5%	552M YoY-7.5%	597M YoY-4.5%
Intangible amortization	44.4M YoY-14.6%	52.0M YoY+1.8%	51.1M YoY-37.1%	81.2M YoY-18.0%	99.0M YoY-17.7%
Share-based compensation	144M YoY+6.0%	136M YoY+12.4%	121M YoY+20.1%	101M YoY-0.5%	101M YoY+49.6%
Change in receivables	-164M YoY-166.9%	244M YoY+116.6%	113M YoY+136.0%	47.8M YoY-64.9%	136M YoY+534.1%
Change in inventory	-273M YoY-311.0%	130M YoY-73.8%	495M YoY+110.5%	235M YoY+91.5%	123M YoY+366.9%
Change in payables	137M YoY+319.0%	-62.5M YoY+31.8%	-91.7M YoY-340.1%	38.2M YoY-46.0%	70.7M YoY+106.7%
	-539M YoY+46.7%	-1.01B YoY+41.9%	-1.74B YoY-146.4%	-705M YoY+22.9%	-915M YoY-101.7%
Capital expenditure	341M YoY-50.8%	694M YoY-54.9%	1.54B YoY+48.6%	1.04B YoY+133.0%	445M YoY+15.9%
Free cash flow	1.42B YoY+17.0%	1.21B YoY+176.6%	438M YoY-72.6%	1.60B YoY+19.4%	1.34B YoY+167.1%
Acquisitions	125M YoY+507.3%	20.5M YoY-91.3%	236M	0.00	0.00
Proceeds from sale of PP&E	32.2M YoY+419.4%	6.20M YoY+55.0%	4.00M YoY-93.2%	59.1M YoY+322.1%	14.0M YoY+122.2%
Other investing activities	5.00M YoY+233.3%	1.50M	0.00	0.00	—
	-1.76B YoY-157.9%	-684M YoY+0.4%	-687M YoY-85.5%	-370M YoY+35.0%	-569M YoY-133.4%
Long-term debt issued	0.00	0.00 YoY-100.0%	1.84B YoY+269.0%	500M YoY-36.5%	787M YoY-57.6%
Long-term debt repaid	375M	0.00 YoY-100.0%	1.72B YoY+225.2%	530M YoY-58.3%	1.27B YoY-37.2%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	1.38B YoY+110.6%	654M YoY+15.9%	564M YoY+117.2%	260M	0.00 YoY-100.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-2.50M YoY-47.1%	-1.70M YoY+89.4%	-16.1M YoY-19.3%	-13.5M	—
FX effect on cash	-1.90M YoY+56.8%	-4.40M YoY-300.0%	-1.10M YoY+54.2%	-2.40M YoY-84.6%	-1.30M YoY-316.7%
Net change in cash	-544M YoY-361.2%	208M YoY+146.5%	-448M YoY-128.8%	1.56B YoY+425.1%	296M YoY+58.1%
Interest paid	58.3M YoY-7.0%	62.7M YoY-14.3%	73.2M YoY-9.3%	80.7M YoY-16.7%	96.9M YoY-11.2%
Income taxes paid	—	348M YoY-18.8%	428M YoY-3.4%	443M YoY+402.5%	88.2M YoY+68.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	21.3B YoY-19.7%	26.6B YoY-26.1%	36.0B YoY+33.4%	27.0B YoY-8.2%	29.4B YoY+117.9%
P/E	176.3× YoY+943.8%	16.9× YoY+4.5%	16.2× YoY+3.3%	15.6× YoY-46.2%	29.1× YoY-49.5%
P/S	3.6× YoY-5.1%	3.8× YoY-13.0%	4.3× YoY+29.1%	3.3× YoY-23.3%	4.4× YoY+69.9%
P/B	2.8× YoY-7.9%	3.0× YoY-37.2%	4.8× YoY+0.8%	4.8× YoY-25.6%	6.4× YoY+68.2%
P/FCF	15.0× YoY-31.4%	21.9× YoY-67.1%	66.7× YoY+319.3%	15.9× YoY-27.6%	22.0× YoY-18.4%
	0.57% YoY-90.4%	5.9% YoY-4.3%	6.2% YoY-3.2%	6.4% YoY+86.0%	3.4% YoY+97.8%
	6.6% YoY+45.7%	4.6% YoY+204.3%	1.5% YoY-76.2%	6.3% YoY+38.1%	4.6% YoY+22.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ON's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ON filings on SEC EDGAR → Not investment advice.