NXPI vs MU vs ON Stock Comparison

NXP Semiconductors, Micron Technology and On Semiconductor Prices as of Oct 28, 2026 Peers: Industry group
NXPI NXP Semiconductors N.V.
$251.69 +6.5% 1M +18.2% 1Y
Market cap
$67.12B
P/E
20.8x
Revenue (TTM)
$13.80B
Div. yield
0.02%
Semiconductor Manufacturing Technology
2 wins
MU Micron Technology Inc
$983.23 -6.7% 1M +343.1% 1Y
Market cap
$1.05T
P/E
12.4x
Revenue (TTM)
$133.19B
Div. yield
0.00%
Semiconductor Manufacturing Technology
10 wins
ON On Semiconductor Corp
$75.63 0.0% 1M +46.0% 1Y
Market cap
$29.28B
P/E
46.5x
Revenue (TTM)
$6.20B
Div. yield
–
Semiconductor Manufacturing Technology

Head to Head

12 decided of 12

Micron Technology leads on 10 of the 12 questions below (Micron Technology 10, NXP Semiconductors 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNXPIMUONLeader
Larger companyMarket capitalisation $67.12B $1.05T $29.28B MU
Cheaper on earningsLower P/E, profitable companies only 20.8x 12.4x 46.5x MU
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.1x 5.3x 22.6x MU
Faster revenue growthRevenue growth, trailing twelve months +14.6% +256.3% -3.1% MU
More profitableNet margin, trailing twelve months 23.4% 63.8% 10.2% MU
Better return on capitalReturn on invested capital 15.8% 67.7% 5.4% MU
Less leveragedLower net debt / EBITDA 1.3x -0.4x 0.4x MU
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% NXPI
Better 1-year returnPrice return, last 12 months +18.2% +343.1% +46.0% MU
Better 5-year returnAnnualised price return, 5 years +4.6%/yr +70.1%/yr +9.5%/yr MU
Less volatileAnnualised volatility, 1 year 47.7% 80.8% 63.2% NXPI
Higher overall scoreMean of the five percentile scores vs peers 61/100 88/100 59/100 MU

Percentile Scorecard

NXPIMUON

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNXPIMUON
Valuation 82 #18 of 94 86 #14 of 94 81 #19 of 94
Growth 64 #34 of 92 100 #1 of 92 19 #75 of 92
Profitability 84 #15 of 90 100 #1 of 90 64 #33 of 90
Financial Health 8 #91 of 99 74 #27 of 99 33 #67 of 99
Shareholder Returns 69 #23 of 73 81 #15 of 73 99 #2 of 73
Overall 61 88 59
  • NXPI ranked among 103 companies in Semiconductors
  • MU ranked among 103 companies in Semiconductors
  • ON ranked among 103 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNXPIMUONSPY
1 month +6.5%-6.7%0.0% +0.9%
3 months +4.4%+33.0%-4.1% +5.9%
6 months -13.0%+89.6%-23.5% +8.5%
Year to date +16.0%+244.5%+39.7% +13.3%
1 year +18.2%+343.1%+46.0% +12.4%
3 years +40.5%+1,397.7%-9.4% +88.1%
3 years, per year +12.0%+146.6%-3.3% +23.5%
5 years +25.3%+1,322.9%+57.3% +68.2%
5 years, per year +4.6%+70.1%+9.5% +11.0%
10 years +152.2%+5,616.5%+555.9% +263.4%
10 years, per year +9.7%+49.9%+20.7% +13.8%

Risk

MeasureNXPIMUONSPY
Volatility, 1Y 47.7%80.8%63.2% 12.7%
Downside volatility, 1Y 41.6%74.6%66.6% 12.7%
Beta vs S&P 500, 1Y 1.773.362.64 1.00
Return / volatility, 1Y 0.384.240.73 0.98
Max drawdown, 5Y -47.2%-57.8%-70.4% -25.4%
From 52-week high -24.3%-19.0%-43.5% -0.9%
52-week high $332.67$1,213.56$133.93 $779.14
52-week low $184.19$201.37$44.90 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNXPIMUON
P/E now vs peer median 19.7xmedian 46.0x 13.0xmedian 46.0x 46.8xmedian 46.0x
P/S now vs peer median 4.6xmedian 7.9x 8.3xmedian 7.9x 4.8xmedian 7.9x
EV/EBITDA now vs peer median 13.2xmedian 28.3x 9.9xmedian 28.3x 20.4xmedian 28.3x
P/FCF now vs peer median 18.1xmedian 41.4x 18.9xmedian 41.4x 19.6xmedian 41.4x
P/B now vs peer median 5.1xmedian 4.6x 8.0xmedian 4.6x 4.1xmedian 4.6x
PEG now vs peer median 3.53median 2.30 0.09median 2.30 -1.61median 2.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNXPIMUON
Revenue $13.80B $133.19B $6.20B
Gross profit $7.79B $107.50B $2.34B
Operating income $4.55B $99.34B $669.70M
Net income $3.28B $84.97B $633.80M
Free cash flow $3.50B $58.96B $1.50B
R&D $2.47B $5.65B $560.80M
EPS (diluted) $12.72 $74.34 $1.56
Cash & equivalents $3.94B $38.36B $3.51B
Total debt $10.98B $5.18B $4.46B
Shares (diluted) 253.83M 1.14B 404.40M
Enterprise value $52.98B $960.08B $17.59B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNXPIMUON
P/E 19.7x 13.0x 46.8x
P/FCF 18.1x 18.9x 19.6x
P/Operating cash flow 16.7x 12.4x 17.6x
P/S 4.6x 8.3x 4.8x
P/B 5.1x 8.0x 4.1x
P/Tangible book 5.7x 8.0x 4.3x
EV/EBITDA 13.2x 9.9x 20.4x
EV/EBIT 15.5x 10.8x 44.9x
EV/Revenue 5.1x 8.1x 4.8x
EV/FCF 20.1x 18.2x 20.0x
EV/Operating cash flow 18.5x 12.0x 18.0x
PEG (3Y EPS CAGR) 3.53 0.09 -1.61

Growth

14 metrics
MetricNXPIMUON
Revenue growth (1Y) 14.6% 256.3% -3.1%
Revenue CAGR (3Y) 1.6% 104.6% -9.5%
Gross profit growth (1Y) 18.2% 622.8% -3.6%
Gross profit CAGR (3Y) 1.2% 327.1% -16.3%
Operating income growth (1Y) 52.7% 916.8% 41.4%
Operating income CAGR (3Y) 6.8% 168.2% -34.4%
Net income growth (1Y) 55.9% 895.1% 35.4%
Net income CAGR (3Y) 4.8% 154.9% -31.3%
EPS growth (1Y) 56.9% 879.4% 38.8%
EPS CAGR (3Y) 5.6% 151.6% -29.0%
Operating cash flow growth (1Y) 63.8% 411.7% -8.7%
Operating cash flow CAGR (3Y) 3.3% 286.0% -12.9%
Free cash flow growth (1Y) 85.2% 3,435% 16.6%
Free cash flow CAGR (3Y) 10.9% 126.6% 9.8%

Profitability

14 metrics
MetricNXPIMUON
Gross margin 56.4% 80.7% 37.7%
EBITDA margin 38.6% 81.7% 23.7%
Operating margin 33.0% 74.6% 10.8%
Pretax margin 30.1% 74.8% 11.6%
Net margin 23.4% 63.8% 10.2%
FCF margin 25.4% 44.3% 24.2%
Operating cash flow margin 27.5% 67.3% 27.0%
Return on equity 27.1% 71.0% 8.7%
Return on assets 12.1% 51.5% 5.0%
Return on invested capital 15.8% 67.7% 5.4%
Return on capital employed 19.6% 72.2% 6.3%
Asset turnover 0.5x 0.8x 0.5x
Cash conversion (OCF / net income) 1.2x 1.1x 2.6x
Stock comp / revenue 3.1% 1.0% 2.4%

Financial Health

11 metrics
MetricNXPIMUON
Debt / assets 39.8% 2.6% 33.1%
Debt / equity 0.9x 0.0x 0.6x
Net debt / EBITDA 1.3x -0.4x 0.4x
Debt / FCF 3.1x 0.1x 3.0x
Liabilities / assets 54.8% 29.4% 46.3%
Equity / assets 45.2% 70.6% 53.7%
Interest coverage – 937.2x 10.9x
Current ratio 2.1x 3.3x 3.5x
Quick ratio 1.3x 2.9x 2.3x
Cash ratio 1.0x 1.6x 1.8x
Altman Z-score 3.78 15.29 4.79

Shareholder Returns

7 metrics
MetricNXPIMUON
Dividend yield 1.6% 0.1% –
Net buyback yield 0.9% 0.1% 3.9%
Shareholder yield 2.5% 0.1% 3.9%
Payout ratio (earnings) 31.1% 0.7% –
Payout ratio (FCF) 29.2% 1.0% –
Dividend growth (1Y) -0.7% 16.9% –
Dividend CAGR (3Y) 1.9% 6.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNXPIMUON
Forward P/E 16.1xFY2026 5.3xFY2027 22.6xFY2026
EPS, next fiscal year $15.67FY2026 $184.21FY2027 $3.34FY2026
EPS growth, next FY +32.7%FY2026 +143.9%FY2027 +42.1%FY2026
EPS growth, the year after +19.5% +17.3% +30.5%
Revenue, next fiscal year $13.40BFY2026 $294.86BFY2027 $6.21BFY2026
Revenue growth, next FY +9.2%FY2026 +121.4%FY2027 +3.5%FY2026
Revenue growth, the year after +23.7% +15.2% +26.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNXPIMUON
Held by institutions 95.1% 77.9% 100.0%
Institutions holding 1,253 3,901 998
Change in shares held, QoQ +1.9% +4.2% -1.0%
Institutions buying 663 2,304 552
Institutions selling 416 1,432 334
Buyers to sellers 1.59 1.61 1.65

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NXPIMUON
NXPI 1.00 0.46 0.73
MU 0.46 1.00 0.54
ON 0.73 0.54 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NXPI, MU and ON?

Micron Technology (MU) is the largest by market capitalisation: NXP Semiconductors (NXPI) $67.12B, Micron Technology (MU) $1.05T, On Semiconductor (ON) $29.28B.

Which stock is cheaper, NXPI, MU and ON?

Micron Technology (MU) trades on the lowest price-to-earnings ratio (NXP Semiconductors (NXPI) 20.8x, Micron Technology (MU) 12.4x, On Semiconductor (ON) 46.5x). On next year's consensus earnings, Micron Technology (MU) is cheapest (NXP Semiconductors (NXPI) 16.1x, Micron Technology (MU) 5.3x, On Semiconductor (ON) 22.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Micron Technology (MU) grew revenue fastest over the trailing twelve months: NXP Semiconductors (NXPI) +14.6%, Micron Technology (MU) +256.3%, On Semiconductor (ON) -3.1%.

Which company is more profitable?

Micron Technology (MU) has the highest net margin (NXP Semiconductors (NXPI) 23.4%, Micron Technology (MU) 63.8%, On Semiconductor (ON) 10.2%). On return on invested capital, Micron Technology (MU) leads (NXP Semiconductors (NXPI) 15.8%, Micron Technology (MU) 67.7%, On Semiconductor (ON) 5.4%).

Which stock has performed better?

Over the past year Micron Technology (MU) returned the most: NXP Semiconductors (NXPI) +18.2%, Micron Technology (MU) +343.1%, On Semiconductor (ON) +46.0%. Over five years, Micron Technology (MU) compounded fastest (NXP Semiconductors (NXPI) +4.6%/yr, Micron Technology (MU) +70.1%/yr, On Semiconductor (ON) +9.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

NXP Semiconductors (NXPI) has the highest dividend yield: NXP Semiconductors (NXPI) 0.02%, Micron Technology (MU) 0.00%, On Semiconductor (ON) 0.00%. On Semiconductor (ON) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, NXP Semiconductors (NXPI) has been the steadiest (NXP Semiconductors (NXPI) 47.7%, Micron Technology (MU) 80.8%, On Semiconductor (ON) 63.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NXPI, MU and ON?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Micron Technology (MU) leads on 10. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.