Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

ON Semiconductor Corp., profit margin by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Power Solutions Group (PSG) 47.46% 47.39% 38.33% 30.76% 35.00%
Advanced Solutions Group (ASG) 45.49% 51.90% 43.99% 38.24% 40.30%
Intelligent Sensing Group (ISG) 48.67% 47.65% 37.79% 32.19% 36.37%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin Power Solutions Group (PSG) Power Solutions Group (PSG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Advanced Solutions Group (ASG) Advanced Solutions Group (ASG) segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Intelligent Sensing Group (ISG) Intelligent Sensing Group (ISG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Power Solutions Group (PSG)

ON Semiconductor Corp.; Power Solutions Group (PSG); segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Segment gross profit 2,111,300 1,994,300 1,318,300 801,700 976,000
Revenue from external customers 4,449,000 4,208,200 3,439,100 2,606,100 2,788,300
Segment Profitability Ratio
Segment profit margin1 47.46% 47.39% 38.33% 30.76% 35.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenue from external customers
= 100 × 2,111,300 ÷ 4,449,000 = 47.46%

Segment profitability ratio Reportable segment The company
Segment profit margin Power Solutions Group (PSG) Power Solutions Group (PSG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Advanced Solutions Group (ASG)

ON Semiconductor Corp.; Advanced Solutions Group (ASG); segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Segment gross profit 1,131,900 1,474,500 1,055,600 730,500 794,800
Revenue from external customers 2,488,500 2,841,300 2,399,900 1,910,400 1,972,300
Segment Profitability Ratio
Segment profit margin1 45.49% 51.90% 43.99% 38.24% 40.30%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenue from external customers
= 100 × 1,131,900 ÷ 2,488,500 = 45.49%

Segment profitability ratio Reportable segment The company
Segment profit margin Advanced Solutions Group (ASG) Advanced Solutions Group (ASG) segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Segment Profit Margin: Intelligent Sensing Group (ISG)

ON Semiconductor Corp.; Intelligent Sensing Group (ISG); segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Segment gross profit 640,300 608,400 340,400 237,700 275,400
Revenue from external customers 1,315,500 1,276,700 900,800 738,500 757,300
Segment Profitability Ratio
Segment profit margin1 48.67% 47.65% 37.79% 32.19% 36.37%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenue from external customers
= 100 × 640,300 ÷ 1,315,500 = 48.67%

Segment profitability ratio Reportable segment The company
Segment profit margin Intelligent Sensing Group (ISG) Intelligent Sensing Group (ISG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Revenue from external customers

ON Semiconductor Corp., revenue from external customers by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Power Solutions Group (PSG) 4,449,000 4,208,200 3,439,100 2,606,100 2,788,300
Advanced Solutions Group (ASG) 2,488,500 2,841,300 2,399,900 1,910,400 1,972,300
Intelligent Sensing Group (ISG) 1,315,500 1,276,700 900,800 738,500 757,300
Total 8,253,000 8,326,200 6,739,800 5,255,000 5,517,900

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Segment gross profit

ON Semiconductor Corp., segment gross profit by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Power Solutions Group (PSG) 2,111,300 1,994,300 1,318,300 801,700 976,000
Advanced Solutions Group (ASG) 1,131,900 1,474,500 1,055,600 730,500 794,800
Intelligent Sensing Group (ISG) 640,300 608,400 340,400 237,700 275,400
Total 3,883,500 4,077,200 2,714,300 1,769,900 2,046,200

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).