MTSI vs. ON

Last updated Apr 1, 2026

Compare and contrast key facts about MACOM Technology Solutions Holdings, Inc. (MTSI) and ON Semiconductor Corporation (ON).

Performance

MTSI vs. ON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MACOM Technology Solutions Holdings, Inc. (MTSI) and ON Semiconductor Corporation (ON). The values are adjusted to include any dividend payments, if applicable.

MTSI vs. ON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTSI MACOM Technology Solutions Holdings, Inc.	29.65%	31.85%	39.76%	47.59%	-19.57%	42.26%	106.92%	83.32%	-55.41%	-29.69%
ON ON Semiconductor Corporation	14.35%	-14.12%	-24.52%	33.93%	-8.17%	107.52%	34.25%	47.67%	-21.16%	64.11%

Fundamentals

Market Cap MTSI : $17.04B ON : $24.91B
EPS MTSI : $2.14 ON : $0.29
PE Ratio MTSI : 103.55 ON : 210.64
PS Ratio MTSI : 16.44 ON : 4.25
PB Ratio MTSI : 12.59 ON : 3.25
Total Revenue (TTM) MTSI : $1.02B ON : $6.00B
Gross Profit (TTM) MTSI : $555.94M ON : $1.98B
EBITDA (TTM) MTSI : $242.28M ON : $639.00M

Returns By Period

In the year-to-date period, MTSI achieves a 29.65% return, which is significantly higher than ON's 14.35% return. Over the past 10 years, MTSI has underperformed ON with an annualized return of 17.40%, while ON has yielded a comparatively higher 20.37% annualized return.

MTSI

• 1D: 6.01%
• 1M: -10.50%
• YTD: 29.65%
• 6M: 78.38%
• 1Y: 121.23%
• 3Y*: 46.35%
• 5Y*: 30.55%
• 10Y*: 17.40%

ON

• 1D: 11.25%
• 1M: -6.86%
• YTD: 14.35%
• 6M: 25.57%
• 1Y: 52.17%
• 3Y*: -9.06%
• 5Y*: 7.62%
• 10Y*: 20.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MTSI vs. ON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTSI

MTSI Risk / Return Rank: 93
MTSI Sharpe Ratio Rank: 93
MTSI Sortino Ratio Rank: 91
MTSI Omega Ratio Rank: 90
MTSI Calmar Ratio Rank: 96
MTSI Martin Ratio Rank: 95

ON

ON Risk / Return Rank: 72
ON Sharpe Ratio Rank: 73
ON Sortino Ratio Rank: 70
ON Omega Ratio Rank: 69
ON Calmar Ratio Rank: 76
ON Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTSI vs. ON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MACOM Technology Solutions Holdings, Inc. (MTSI) and ON Semiconductor Corporation (ON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MTSI	ON	Difference
Sharpe ratio Return per unit of total volatility	2.35	0.89	+1.46
Sortino ratio Return per unit of downside risk	2.91	1.57	+1.34
Omega ratio Gain probability vs. loss probability	1.40	1.21	+0.19
Calmar ratio Return relative to maximum drawdown	6.36	1.82	+4.54
Martin ratio Return relative to average drawdown	16.73	3.61	+13.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTSI vs. ON - Sharpe Ratio Comparison

The current MTSI Sharpe Ratio is 2.35, which is higher than the ON Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of MTSI and ON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MTSI	ON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	0.89	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.15	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.41	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.06	+0.31

Correlation

The correlation between MTSI and ON is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MTSI vs. ON - Dividend Comparison

Neither MTSI nor ON has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MTSI vs. ON - Drawdown Comparison

The maximum MTSI drawdown since its inception was -80.78%, smaller than the maximum ON drawdown of -96.22%. Use the drawdown chart below to compare losses from any high point for MTSI and ON.

Drawdown Indicators

	MTSI	ON	Difference
Max Drawdown Largest peak-to-trough decline	-80.78%	-96.22%	+15.44%
Max Drawdown (1Y) Largest decline over 1 year	-19.74%	-28.10%	+8.36%
Max Drawdown (5Y) Largest decline over 5 years	-44.86%	-70.44%	+25.58%
Max Drawdown (10Y) Largest decline over 10 years	-80.78%	-70.44%	-10.34%
Current Drawdown Current decline from peak	-14.11%	-42.71%	+28.60%
Average Drawdown Average peak-to-trough decline	-26.53%	-53.49%	+26.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.50%	14.20%	-6.70%

Volatility

MTSI vs. ON - Volatility Comparison

MACOM Technology Solutions Holdings, Inc. (MTSI) has a higher volatility of 20.55% compared to ON Semiconductor Corporation (ON) at 17.74%. This indicates that MTSI's price experiences larger fluctuations and is considered to be riskier than ON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTSI	ON	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.55%	17.74%	+2.81%
Volatility (6M) Calculated over the trailing 6-month period	38.14%	35.17%	+2.97%
Volatility (1Y) Calculated over the trailing 1-year period	51.92%	58.93%	-7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.65%	51.92%	-9.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.92%	50.28%	+1.64%

Financials

MTSI vs. ON - Profitability Comparison

The chart below illustrates the profitability comparison between MACOM Technology Solutions Holdings, Inc. and ON Semiconductor Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MTSI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MACOM Technology Solutions Holdings, Inc. reported a gross profit of 151.78M and revenue of 271.61M. Therefore, the gross margin over that period was 55.9%.

ON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ON Semiconductor Corporation reported a gross profit of 551.00M and revenue of 1.53B. Therefore, the gross margin over that period was 36.0%.

MTSI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MACOM Technology Solutions Holdings, Inc. reported an operating income of 43.30M and revenue of 271.61M, resulting in an operating margin of 15.9%.

ON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ON Semiconductor Corporation reported an operating income of 200.10M and revenue of 1.53B, resulting in an operating margin of 13.1%.

MTSI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MACOM Technology Solutions Holdings, Inc. reported a net income of 48.77M and revenue of 271.61M, resulting in a net margin of 18.0%.

ON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ON Semiconductor Corporation reported a net income of 181.80M and revenue of 1.53B, resulting in a net margin of 11.9%.