ON Semiconductor Corporation (ON)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	3,216,100	3,883,500	4,077,200	2,714,300	1,715,800
Revenue	US$ in thousands	7,082,300	8,253,000	8,326,200	6,739,800	5,255,000
Gross profit margin		45.41%	47.06%	48.97%	40.27%	32.65%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $3,216,100K ÷ $7,082,300K
= 45.41%

The gross profit margin of ON Semiconductor Corporation has shown a positive trend over the past five years, increasing steadily from 32.65% as of December 31, 2020, to 45.41% as of December 31, 2024. This improvement indicates the company's ability to effectively manage its production costs and generate more revenue from its core operations. The upward trajectory of the gross profit margin may be attributed to various factors such as economies of scale, operational efficiencies, pricing strategies, or cost control measures implemented by the company. Overall, the consistent growth in the gross profit margin reflects positively on ON Semiconductor Corporation's profitability and operational performance during the period under consideration.