NVDA vs ON
Nvidia (NVDA) and ON Semiconductor (ON) compared side by side. Nvidia (NVDA) is larger, with a market cap of $5.1T versus $28.1B for ON Semiconductor, about 181.1 times the size. On trailing earnings, NVDA is cheaper at 26.7x versus 46.6x for ON.
Head to head
| Metric | NVDA | ON |
|---|---|---|
| Market cap | $5.1T | $28.1B |
| P/E (TTM) | 26.7x | 46.6x |
| Forward P/E | 13.3x | 15.8x |
| Revenue (TTM) | $303.0B | $6.2B |
| Revenue growth | 105.9% | 9.2% |
| Gross margin | 74.7% | 42.8% |
| Operating margin | 66.2% | 19.5% |
| Free cash flow | $127.0B | $1.5B |
| Dividend yield | 0.47% | None |
| 1-year return | +16.1% | +39.5% |
| 5-year return (annual) | +56.3% | +9.5% |
| Max drawdown | -90% | -96% |
| FI Handbook grade | A- | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
NVDA vs ON FAQ
Which is bigger, NVDA or ON?
Nvidia (NVDA) is larger, with a market cap of $5.1T versus $28.1B for ON Semiconductor, about 181.1 times the size.
Is NVDA or ON cheaper?
On trailing earnings, NVDA is cheaper at 26.7x versus 46.6x for ON. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, NVDA or ON?
ON returned +39.5% over the past year including dividends, versus +16.1% for NVDA, through October 23, 2026.
Which pays a higher dividend, NVDA or ON?
NVDA yields 0.47%; ON does not pay a dividend.
Full pages: Nvidia · ON Semiconductor