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Stock comparison · Signal date 2026-11-06

FSLR vs ON: stock comparison and AI forecast

First Solar, Inc. (FSLR) and On Semiconductor Corp (ON) compared on price performance, valuation, profitability and the daily AI forecast. · Alpha · vs market

Share
Nasdaq · Semiconductors & Related Devices

FSLR First Solar, Inc.

Market Cap
$21.04B
P/E Ratio
11.3x
Size
large-cap
AI Forecast
Full analysis →
Nasdaq · Semiconductors & Related Devices

ON On Semiconductor Corp

Market Cap
$24.53B
P/E Ratio
140.0x
Size
large-cap
AI Forecast
Full analysis →
Model output

Which one does the AI model favor?

Intratio's model scores both stocks every trading day. Sign in to see their current direction; the exact ratings and forecasts come with a plan or a free follow slot.

FSLR · ON

Key facts

  • ON is 1.2 times larger than FSLR by market capitalization ($24.53B against $21.04B).
  • FSLR trades at 11.3 times trailing earnings, ON at 140.0 times.
  • ON carries 0.84 times debt per unit of equity, against 0.29 times for FSLR.
  • Both companies share the SEC industry classification Semiconductors & Related Devices.
Fundamentals

Fundamentals side by side

Trailing twelve months.

Valuation & Market

MetricFSLRON
Market Cap$21.04B$24.53B
P/E Ratio11.33x140.02x
P/B Ratio1.93x3.24x
EPS$17.28$0.45
Book Value/Share$101.23$19.42
Revenue/Share$46.65$16.36
FCF/Share$2.17$4.15

Profitability & Margins

MetricFSLRON
ROE17.1%–
ROA13.3%–
ROIC15.8%6.7%
Gross Margin49.2%38.7%
Operating Margin37.7%12.3%
Net Margin37.1%–
EBT Margin38.5%9.8%
Tax Rate3.6%24.3%

Financial Health

MetricFSLRON
Current Ratio2.57x3.55x
Quick Ratio2.02x2.61x
D/E Ratio0.29x0.84x
Financial Leverage1.29x1.84x
Interest Coverage26.4x10.3x
Working Capital$3.24B$5.63B

Cash Flow

MetricFSLRON
Operating Cash Flow$839M$1.77B
Free Cash Flow$233M$1.62B
Capital Spending-$606M-$153M
OCF Growth YoY-48.4%-0.9%
FCF Growth YoY-62.1%18.2%
FCF/Sales4.6%25.4%
CapEx/Sales12.1%2.4%

Operational Efficiency

MetricFSLRON
Asset Turnover0.36x0.46x
Receivables Turnover3.1x6.9x
Inventory Turnover2.2x1.9x
Fixed Assets Turnover0.9x2.3x
Days Sales Outstanding116 days53 days
Days Inventory163 days193 days
Payables Period49 days51 days
Cash Conversion Cycle231 days195 days

Income Statement

MetricFSLRON
Total Revenue$5.01B$6.37B
Operating Income$1.89B$784M
Net Income$1.86B–
R&D Expense$276M$564M
SG&A Expense$233M$949M
Cost of Goods Sold$2.54B$3.91B

Dividend & Shareholder Information

MetricFSLRON
Shares Outstanding107M389M
Net Income Growth32.9%–
EPS Growth32.6%-70.2%
FAQ

FSLR vs ON: stock comparison and AI forecast

Which is bigger, FSLR or ON?

ON is 1.2 times larger than FSLR by market capitalization ($24.53B against $21.04B).

Which is cheaper on earnings, FSLR or ON?

FSLR trades at 11.3 times trailing earnings, ON at 140.0 times.

Which one does Intratio's AI model rank higher, FSLR or ON?

Intratio's model scores both stocks every trading day. Sign in to see their current direction; the exact ratings and forecasts come with a plan or a free follow slot.

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This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.