GlobalFoundries vs ON Semiconductor
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put GlobalFoundries and ON Semiconductor side by side, using each one’s latest annual report. Here is what stands out:
- GlobalFoundries is the larger business, with $6.8B of revenue in fiscal 2025 against $6.0B for ON Semiconductor.
- GlobalFoundries grew revenue faster (0.6%, against −15.4%).
- GlobalFoundries kept more of each dollar of sales as operating profit (11.7% operating margin, against 1.4%).
- ON Semiconductor turned more of its sales into free cash flow (23.7% FCF margin, against 14.9%).
- GlobalFoundries earned a higher return on the capital invested in it (7.1%, against 0.9%).
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
GlobalFoundries
GFS
8/11
Revenue growth5-year growthOperating marginNet marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
ON Semiconductor
ON
3/11
Gross marginFCF marginShare count change
Side by side
Best in the row
| Latest fiscal year | GFS FY25 | ON FY25 |
|---|---|---|
| Size | ||
| Market cap | $25.1B | $29.9B |
| Revenue | $6.8B | $6.0B |
| Free cash flow | $1.0B | $1.4B |
| Net income | $885M | $121M |
| Growth | ||
| Revenue growth | 0.6% | −15.4% |
| 5-year growth | 7.0% | 2.7% |
| Share count change | 0.9% | −4.8% |
| Profitability | ||
| Gross margin | 24.9% | 33.1% |
| Operating margin | 11.7% | 1.4% |
| Net margin | 13.0% | 2.0% |
| FCF margin | 14.9% | 23.7% |
| Return on capital | 7.1% | 0.9% |
| Return on equity | 7.8% | 1.5% |
| Balance sheet | ||
| Net debt | −$658M | $457M |
| Net debt / EBITDA | −0.3x | 0.6x |
| Dividends and buybacks | $0.0M | $1.4B |
| Valuation & quality | ||
| P/E | — | 47.8x |
| Piotroski F-score | 8 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.