ON Semiconductor Corporation (ON)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,183,700 | 1,902,200 | 1,009,600 | 234,200 | 211,700 |
| Revenue | US$ in thousands | 8,253,000 | 8,326,200 | 6,739,800 | 5,255,000 | 5,517,900 |
| Net profit margin | 26.46% | 22.85% | 14.98% | 4.46% | 3.84% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,183,700K ÷ $8,253,000K
= 26.46%
The net profit margin of ON Semiconductor Corp. has shown a consistent improvement over the past five years, reflecting the company's ability to efficiently convert revenue into net income. The margin has increased from 3.84% in 2019 to 26.46% in 2023, indicating a significant growth in profitability. This upward trend suggests that the company has effectively managed costs and operational expenses while also increasing revenue generation. The substantial rise in net profit margin from 2022 to 2023 further demonstrates ON Semiconductor Corp.'s enhanced profitability and potentially improved operational efficiency. Overall, the company's strong net profit margin performance highlights its ability to generate profits relative to its revenue, which is a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2023