On Semiconductor (ON) Return on Invested Capital [ROIC] (2010 - 2026)
On Semiconductor (ON) reported Return on Invested Capital [ROIC] of 5.37% for Q2 2026, up 1.73 percentage points from 3.63% a year earlier and up 0.24 percentage points from the prior quarter.
On Semiconductor (ON) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, On Semiconductor posted Return on Invested Capital [ROIC] of 0.69%, down 12.31 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for three consecutive years, with a five-year change of -4.29 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 13.00% in FY2024 (-8.30 pp), 21.31% in FY2023 (-0.96 pp), 22.27% in FY2022 (+7.00 pp) and 15.27% in FY2021 (+10.28 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- Year over year, Return on Invested Capital [ROIC] gained in two of the last eight quarters, with an average year-over-year change of -7.76 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q1 2022 (a gain of 13.07 percentage points); the low point was Q1 2025 (a drop of 14.14 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 5.12% (Q1 2026), 0.72% (Q4 2025) and 2.34% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | 71.14% |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | 33.38% |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 25.97% |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | 67.70% |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 8.03% |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | - |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | -0.05% |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | 47.24% |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 25.26% |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn | 5.37% |
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 5.37% |
| Apr 3, 2026 | 5.12% |
| Dec 31, 2025 | 0.72% |
| Oct 3, 2025 | 2.34% |
| Jul 4, 2025 | 3.63% |
| Apr 4, 2025 | 4.89% |
| Dec 31, 2024 | 12.57% |
| Sep 27, 2024 | 14.61% |
| Jun 28, 2024 | 16.46% |
| Mar 29, 2024 | 19.03% |
| Dec 31, 2023 | 19.81% |
| Sep 29, 2023 | 20.35% |
| Jun 30, 2023 | 18.95% |
| Mar 31, 2023 | 18.97% |
| Dec 31, 2022 | 20.80% |
| Sep 30, 2022 | 20.39% |
| Jul 1, 2022 | 21.28% |
| Apr 1, 2022 | 19.56% |
| Dec 31, 2021 | 15.06% |
| Oct 1, 2021 | 11.43% |
On Semiconductor Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ON&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "ON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();