APPLIED MATERIALS INC /DE vs ON Semiconductor Corporation, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where AMAT and ON diverge most: on revenue growth, AMAT reads +3.4% and ON reads -8.5%; on operating margin, AMAT reads 31.9% and ON reads -3.5%. The rest of the comparable metrics sit closer together. What AMAT's price implies is a demanding bet versus history and the cohort (whole-company basis). What ON's price implies is a somewhat stretched bet versus history (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | AMAT | ON |
|---|---|---|
| Price | $602.31 | $95.92 |
| Market cap | $481.2B | $37.8B |
| Sector | Semiconductors | Semiconductors |
| Stage | Mature | Mature |
| P/E | 56.7 | 70.5 |
| P/B | 20.13 | 5.16 |
| P/S | 16.58 | 6.23 |
| EV/EBITDA | 56.2 | 43.5 |
| Revenue growth | +3.4% | -8.5% |
| Gross margin | 49.9% | 38.5% |
| Operating margin | 31.9% | -3.5% |
| Net margin | 27.3% | 9.5% |
| Return on equity | 33.1% | 7.8% |
| Return on assets | 19.6% | 4.8% |
| Return on invested capital | 23.8% | 4.6% |
| FCF yield | 1.1% | 3.1% |
| Dividend yield | 0.3% | — |
| Debt / equity | 0.27 | 0.41 |
| Current ratio | 2.51 | 4.87 |
| Altman Z (solvency) | 9.39 | 6.74 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.