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ON (ONON) Financials

ON logo
$34.04 -1.20 (-3.39%)
Closing price 05/11/2026 03:59 PM Eastern
Extended Trading
$33.62 -0.43 (-1.26%)
As of 08:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for ON

Annual Income Statements for ON

This table shows ON's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.80 -30 -186 69 95 267 257
Consolidated Net Income / (Loss)		 -0.80 -30 -186 69 95 267 257
Net Income / (Loss) Continuing Operations		 -0.80 -30 -186 69 95 267 257
Total Pre-Tax Income 		3.97 -27 -175 91 82 308 258
Total Operating Income		 5.88 -19 -158 92 201 208 438
Total Gross Profit		 148 261 470 741 1,270 1,550 2,386
Total Revenue		 276 480 792 1,322 2,132 2,557 3,798
Operating Revenue		 276 480 792 1,322 2,132 2,557 3,798
Total Cost of Revenue		 129 220 322 588 862 1,006 1,412
Operating Cost of Revenue		 129 220 322 588 862 1,006 1,412
Total Operating Expenses		 142 280 629 649 1,069 1,342 1,948
Selling, General & Admin Expense		 142 280 625 649 1,055 1,317 1,911
Other Operating Expenses / (Income)		 - - 3.94 - 13 25 37
Total Other Income / (Expense), net		 -1.91 -7.23 -16 -0.87 -119 101 -179
Other Income / (Expense), net		 -1.96 -7.23 -16 -7.03 -119 101 -179
Income Tax Expense		 4.78 3.50 12 22 -12 41 1.89
Weighted Average Basic Shares Outstanding		 - - 276.86M 281.98M 284.22M 289.30M 296.87M
Weighted Average Diluted Shares Outstanding		 - - 276.86M 281.98M 284.22M 289.30M 296.87M
Weighted Average Basic & Diluted Shares Outstanding		 - - 276.86M 281.98M 284.22M 289.30M 296.87M

Quarterly Income Statements for ON

No quarterly income statements for ON are available.

Annual Cash Flow Statements for ON

This table details how cash moves in and out of ON's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -16 103 630 -329 194 431 255
Net Cash From Operating Activities		 -5.40 118 -53 -246 252 563 353
Net Cash From Continuing Operating Activities		 -4.91 118 -53 -315 252 322 353
Net Income / (Loss) Continuing Operations		 0.00 -31 -186 0.00 95 0.00 257
Consolidated Net Income / (Loss)		 - -31 -186 - 95 - 257
Depreciation Expense		 5.52 14 34 50 77 115 161
Non-Cash Adjustments To Reconcile Net Income		 0.18 138 69 -100 -37 196 -85
Changes in Operating Assets and Liabilities, net		 -11 -1.92 30 -266 117 11 22
Net Cash From Investing Activities		 -9.86 0.00 -40 -90 -51 -72 -92
Net Cash From Continuing Investing Activities		 -9.86 0.00 0.00 -90 -51 -72 -92
Purchase of Property, Plant & Equipment		 -7.68 - - -65 -51 -4.96 -92
Sale of Property, Plant & Equipment		 - - - - 0.00 -67 0.00
Net Cash From Financing Activities		 -0.71 -3.39 652 6.82 0.00 -61 5.42
Net Cash From Continuing Financing Activities		 -2.07 -3.39 676 12 0.00 -44 5.42
Issuance of Common Equity		 0.00 - 676 29 0.00 12 5.42
Cash Interest Paid		 0.51 - 3.06 5.09 7.73 17 27
Cash Interest Received		 - 0.00 0.00 - 13 25 38
Cash Income Taxes Paid		 - 5.87 4.81 - 34 - 81

Quarterly Cash Flow Statements for ON

No quarterly cash flow statements for ON are available.

Annual Balance Sheets for ON

This table presents ON's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 432 1,352 1,496 1,895 2,621 3,573
Total Current Assets		 299 1,022 1,102 1,329 1,878 2,398
Cash & Equivalents		 102 714 401 588 1,019 1,285
Accounts Receivable		 58 109 189 244 271 385
Inventories, net		 116 147 428 424 462 529
Other Current Assets		 23 52 83 73 125 199
Plant, Property, & Equipment, net		 -233 -706 -799 -1,000 -861 -831
Plant, Property & Equipment, gross		 -268 -926 -954 -1,000 -861 -831
Total Noncurrent Assets		 200 485 549 765 1,253 1,780
Intangible Assets		 62 63 76 77 64 68
Noncurrent Deferred & Refundable Income Taxes		 6.68 2.41 34 83 119 222
Other Noncurrent Operating Assets		 132 420 439 605 1,070 1,490
Total Liabilities & Shareholders' Equity		 432 1,352 1,496 1,895 2,621 3,573
Total Liabilities		 225 624 696 949 1,770 2,327
Total Current Liabilities		 88 183 209 264 514 643
Accounts Payable		 88 183 209 264 514 643
Total Noncurrent Liabilities		 138 440 488 685 1,256 1,684
Capital Lease Obligations		 - - - 272 383 657
Asset Retirement Reserve & Litigation Obligation		 94 220 263 352 724 854
Noncurrent Deferred & Payable Income Tax Liabilities		 7.59 8.75 34 40 81 91
Noncurrent Employee Benefit Liabilities		 6.36 6.45 6.82 2.62 9.48 6.93
Other Noncurrent Operating Liabilities		 30 205 184 18 58 75
Total Equity & Noncontrolling Interests		 2.45 9.29 8.01 -67 205 491
Total Preferred & Common Equity		 2.45 9.29 8.01 -67 205 491
Total Common Equity		 2.45 9.29 8.01 -67 205 491
Common Stock		 2.45 37 36 40 37 43
Retained Earnings		 - - - -75 197 482
Treasury Stock		 0.00 -27 -28 -32 -30 -34

Quarterly Balance Sheets for ON

No quarterly balance sheets for ON are available.

Annual Metrics And Ratios for ON

This table displays calculated financial ratios and metrics derived from ON's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - 296,873,353.00
DEI Adjusted Shares Outstanding		 - - - - - - 296,873,353.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.86
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -1.19 -14 -111 70 232 180 435
Return On Investment Capital (ROIC_SIMPLE)		 - - - 874.44% 112.81% 30.60% 37.83%
Earnings before Interest and Taxes (EBIT)		 3.92 -27 -175 85 82 308 258
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9.45 -13 -140 135 159 424 419
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 48 365 -222 157 145 -93
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 -62 -537 -246 -171 -136 392
Increase / (Decrease) in Invested Capital		 0.00 -62 -476 292 75 35 528
Book Value per Share		 $0.00 $0.08 $0.03 $0.03 ($0.24) $0.72 $1.70
Tangible Book Value per Share		 $0.00 ($1.91) ($0.19) ($0.25) ($0.51) $0.49 $1.46
Total Capital		 0.00 2.45 9.29 8.01 205 588 1,149
Total Debt		 0.00 0.00 0.00 0.00 272 383 657
Total Long-Term Debt		 0.00 0.00 0.00 0.00 272 383 657
Net Debt		 0.00 -102 -714 -401 -316 -636 -628
Capital Expenditures (CapEx)		 7.68 0.00 0.00 65 51 72 92
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 109 125 492 477 345 470
Debt-free Net Working Capital (DFNWC)		 0.00 212 839 893 1,066 1,365 1,755
Net Working Capital (NWC)		 0.00 212 839 893 1,066 1,365 1,755
Net Nonoperating Expense (NNE)		 -0.39 17 75 0.66 137 -87 178
Net Nonoperating Obligations (NNO)		 0.00 -64 -547 -254 -104 -340 -99
Total Depreciation and Amortization (D&A)		 5.52 14 34 50 77 115 161
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 276.86M 281.98M 284.22M 289.30M 296.87M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 276.86M 281.98M 284.22M 289.30M 296.87M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 276.86M 281.98M 284.22M 289.30M 296.87M
Normalized Net Operating Profit after Tax (NOPAT)		 4.12 -14 -111 70 141 180 435
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for ON

No quarterly metrics and ratios for ON are available.


Financials Breakdown Chart

ON Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ON's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

ON's net income appears to be on an upward trend, with a most recent value of $256.55 million in 2025, falling from -$803.38 thousand in 2019. The previous period was $267.09 million in 2024. See where experts think ON is headed by visiting ON's forecast page.

ON's total operating income in 2025 was $437.75 million, based on the following breakdown:
  • Total Gross Profit: $2.39 billion
  • Total Operating Expenses: $1.95 billion

Over the last 6 years, ON's total revenue changed from $276.19 million in 2019 to $3.80 billion in 2025, a change of 1,275.1%.

ON's total liabilities were at $2.33 billion at the end of 2025, a 31.5% increase from 2024, and a 932.1% increase since 2020.

In the past 5 years, ON's cash and equivalents has ranged from $102.35 million in 2020 to $1.29 billion in 2025, and is currently $1.29 billion as of their latest financial filing in 2025.

Over the last 6 years, ON's book value per share changed from 0.00 in 2019 to 1.70 in 2025, a change of 169.9%.


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Financial statements for NYSE:ONON last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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