On Semiconductor (ON) Return on Capital Employed (2010 - 2026)
On Semiconductor (ON) posted quarterly Return on Capital Employed of 5.45% for Q2 2026, up 6.0% year-over-year from 5.15% in Q2 2025, and up 643.67% quarter-over-quarter from 0.73% in Q4 2025.
On Semiconductor (ON) Return on Capital Employed (2010 - 2026) Analysis & Trends
On Semiconductor (ON) has reported Return on Capital Employed for 17 consecutive years, with 5.45% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed rose 6.0% year-over-year to 5.45%; the TTM figure through Apr 2026 stood at 5.45% (up 6.0% YoY), while the FY2025 annual figure was 0.7%, down 1365.0% from the prior year.
- Return on Capital Employed grew to 5.45% in Q2 2026 per ON's latest filing, from 0.73% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 24.99% in Q3 2023 and bottomed at 0.73% in Q4 2025.
- Historically, Return on Capital Employed has averaged 16.45% across 5 years, with a median of 21.66% in 2022.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 1507 bps — and 2025, when it tumbled 1690 bps.
- On Semiconductor's Return on Capital Employed stood at 24.9% in 2022, then decreased by 8 bps to 22.94% in 2023, then sank by 39 bps to 13.95% in 2024, then tumbled by 95 bps to 0.73% in 2025, then soared by 644 bps to 5.45% in 2026.
- Business Quant data shows ON's Return on Capital Employed at 5.45% in Q2 2026, 0.73% in Q4 2025, and 2.47% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 10,848.43 Bn | 10,750.17 Bn | 23.77 Bn | 12.74% |
| 2 | Nvidia | 5,220.28 Bn | 5,169.94 Bn | 61.16 Bn | 85.75% |
| 3 | Broadcom | 1,746.09 Bn | 1,726.46 Bn | 15.42 Bn | 21.04% |
| 4 | Micron Technology | 1,092.82 Bn | 1,066.80 Bn | 35.06 Bn | 60.25% |
| 5 | Advanced Micro Devices | 773.31 Bn | 760.20 Bn | 6.20 Bn | 9.27% |
| 6 | Intel | 459.59 Bn | 429.86 Bn | 6.51 Bn | -0.05% |
| 7 | Arm Holdings | 259.13 Bn | 255.24 Bn | 1.25 Bn | 9.00% |
| 8 | Texas Instruments | 241.28 Bn | 234.28 Bn | 3.35 Bn | 22.74% |
| 9 | Marvell Technology | 209.48 Bn | 205.64 Bn | 1.26 Bn | 6.23% |
| 10 | On Semiconductor | 28.90 Bn | 25.03 Bn | 616.30 Mn | 6.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 6.29% |
| Apr 3, 2026 | 5.45% |
| Dec 31, 2025 | 0.73% |
| Oct 3, 2025 | 2.47% |
| Jul 4, 2025 | 3.97% |
| Apr 4, 2025 | 5.40% |
| Dec 31, 2024 | 13.95% |
| Sep 27, 2024 | 16.90% |
| Jun 28, 2024 | 19.29% |
| Mar 29, 2024 | 22.29% |
| Dec 31, 2023 | 22.94% |
| Sep 29, 2023 | 24.99% |
| Jun 30, 2023 | 23.59% |
| Mar 31, 2023 | 23.86% |
| Dec 31, 2022 | 24.90% |
| Sep 30, 2022 | 23.26% |
| Jul 1, 2022 | 24.02% |
| Apr 1, 2022 | 21.66% |
| Dec 31, 2021 | 16.64% |
| Oct 1, 2021 | 13.32% |