NVTS vs ON Stock Comparison: AI Score, Valuation, Performance and Upside
NVTS is a small-cap fabless GaN IC designer at an early commercialization stage, while ON Semiconductor is a large-cap diversified power and image sensor company with a profitable SiC automotive franchise. NVTS offers higher growth potential in GaN but carries pre-profitability risk; ON offers SiC exposure with a proven balance sheet but faces near-term automotive inventory headwinds.
Investors choosing between NVTS and ON are trading early-stage GaN upside for onsemi's established SiC profitability — the decision hinges on how much execution and balance-sheet risk one is willing to accept for higher growth potential.
ON holds the edge across 4 of 5 key metrics in this comparison. NVTS has delivered stronger 1-year price return (+69.84% vs +35.02%), though ON has the better forward P/E setup (16.03x vs -88.95x for NVTS). ON leads on both revenue growth (9.20%) and operating margin (19.53%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for ON (+48.30%) than for NVTS (+25.56%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- prefer a pure-play GaN exposure with a simple, focused product roadmap
- value higher unit growth rates even at the cost of current profitability
- want a smaller-cap vehicle to bet on GaN displacing silicon in charging applications
- are comfortable with dilution risk and pre-profitability status in an emerging tech company
- prefer a profitable, large-cap power semiconductor company with diversified revenue streams
- value established automotive OEM relationships and a substantial SiC design-win backlog
- want EV semiconductor exposure with lower financial risk than pure-play startups
- are comfortable with near-term revenue cyclicality as automotive channel inventories normalize
| Metric | NVTS | ON |
|---|---|---|
| AI scorei | 22.7 | 65.0 |
| AI ranki | #4023 | #82 |
| Latest closei | $11.43 | $69.98 |
| 1M returni | -10.91% | -8.62% |
| 6M returni | +30.63% | +18.03% |
| 1Y returni | +69.84% | +35.02% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NVTS | ON |
|---|---|---|
| 1Y ago | $16.98K (+69.8%) started 2025-09-18 | $13.5K (+35.0%) started 2025-09-18 |
| 5Y ago | $8.93K (-10.7%) started 2021-10-20 | $14.68K (+46.8%) started 2021-09-20 |
| 10Y ago | $8.93K (-10.7%) started 2021-10-20 | $60.75K (+507.5%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | NVTS | ON |
|---|---|---|
| Market capi | $2.93B | $28.27B |
| Trailing P/Ei | N/A | 47.46 |
| Forward P/Ei | -88.95 | 16.03 |
| Price/Salesi | N/A | 3.15 |
| EV/Revenuei | 63.06 | 4.70 |
| Analyst targeti | $14.08 | $107.68 |
| Target upsidei | +25.56% | +48.30% |
| Metric | NVTS | ON |
|---|---|---|
| Revenue growthi | -27.30% | 9.20% |
| Earnings growthi | N/A | 36.60% |
| EPS growthi | N/A | +36.60% |
| FCF margini | -10.44% | +26.73% |
| Operating margini | -254.97% | 19.53% |
| Profit margini | 0.00% | 10.17% |
| ROIC proxyi | -52.60% | 8.31% |
| Return on equityi | -52.60% | 8.31% |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | 0.00% |
| Dividend growth streaki | N/A | N/A |
| Betai | 3.88 | 2.02 |
| Debt/equityi | 0.64 | 65.06 |
| Current ratioi | 21.79 | 3.46 |
| Quick ratioi | 20.34 | 2.29 |
Over the past year, NVTS and ON have moved moderately in the same direction (correlation of 0.49), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NVTS | ON |
|---|---|---|---|
| 1Y | Growthi | +69.84% | +35.02% |
| CAGRi | +69.90% | +35.05% | |
| Volatilityi | 126.36% | 62.98% | |
| Sharpe ratioi | 0.99 | 0.73 | |
| Sortino ratioi | 1.68 | 1.04 | |
| Max drawdowni | 69.38% | 50.27% | |
| Current drawdowni | 64.05% | 47.75% | |
| Avg drawdowni | 39.25% | 14.02% | |
| Ulcer Indexi | 44.45% | 20.60% | |
| Max daily dropi | 18.23% | 23.66% | |
| Max wkly dropi | 41.75% | 32.67% | |
| 5Y | Growthi | -10.70% | +46.80% |
| CAGRi | -2.28% | +7.99% | |
| Volatilityi | 124.61% | 55.67% | |
| Sharpe ratioi | 0.45 | 0.34 | |
| Sortino ratioi | 0.88 | 0.49 | |
| Max drawdowni | 92.04% | 70.44% | |
| Current drawdowni | 64.05% | 47.75% | |
| Avg drawdowni | 64.62% | 27.83% | |
| Ulcer Indexi | 67.59% | 33.31% | |
| Max daily dropi | 20.70% | 23.66% | |
| Max wkly dropi | 41.75% | 32.67% | |
| 10Y | Growthi | -10.70% | +507.47% |
| CAGRi | -2.28% | +19.78% | |
| Volatilityi | 124.61% | 52.32% | |
| Sharpe ratioi | 0.45 | 0.52 | |
| Sortino ratioi | 0.88 | 0.76 | |
| Max drawdowni | 92.04% | 70.44% | |
| Current drawdowni | 64.05% | 47.75% | |
| Avg drawdowni | 64.62% | 21.42% | |
| Ulcer Indexi | 67.59% | 27.45% | |
| Max daily dropi | 20.70% | 26.84% | |
| Max wkly dropi | 41.75% | 43.93% |
| Category | NVTS | ON |
|---|---|---|
| Company | Navitas Semiconductor Corporation | ON Semiconductor Corporation |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
| Core business | Navitas designs GaN power ICs for mobile fast chargers, EV on-board chargers, data center power supplies, and solar inverters. Its monolithic integration of GaN FETs with gate drivers and protection circuits differentiates it from discrete GaN offerings. The company is fabless, relying on TSMC, and is scaling from consumer applications toward higher-ASP industrial and automotive markets. | ON Semiconductor (onsemi) is a diversified power and analog semiconductor company with leading positions in SiC power modules for EV drivetrains, CMOS image sensors, and intelligent power modules. Its EV-focused strategy centers on the EliteSiC platform—SiC MOSFETs and modules—sold to automotive OEMs and Tier 1s globally. Onsemi has moved to an IDM-lite model, owning key SiC substrate and device fabs while outsourcing mature nodes. |
| Investor focus | Investors track revenue diversification away from mobile/consumer toward EV and data center, gross margin expansion, and new design-win announcements with Tier 1 automotive suppliers and hyperscaler data center customers. | Investors focus on EV end-market revenue as a percentage of total, SiC design-win backlog, gross margin sustainability as the automotive mix grows, and inventory correction cycles in the industrial and automotive channels. |
- GaNFast/GaNSense ICs simplify customer designs by integrating control and protection functions monolithically
- Growing pipeline of EV on-board charger and DC fast-charger design wins
- Fabless model keeps capital requirements low relative to SiC manufacturers building fabs
- EliteSiC platform has significant automotive design-in backlog with major OEMs in North America, Europe, and Korea
- Captive SiC substrate manufacturing through the East Fishkill fab acquisition provides supply chain control
- Scale, profitability, and investment-grade balance sheet reduce execution risk versus pure-play startups
- Mobile and consumer end markets remain the majority of revenue, creating cyclical exposure
- ON Semiconductor, Infineon, and Texas Instruments each offer competing GaN products with larger distribution networks
- Continued net losses require ongoing equity or debt financing
- Inventory correction in automotive and industrial channels has pressured revenue and utilization since 2023
- Gross margins are sensitive to fab utilization, and lower automotive demand hits SiC lines disproportionately
- Wolfspeed and STMicro are both investing heavily to compete in SiC, risking ASP compression
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