On Holding AG (ONON)

NYSE: ONON · USD

$32.0

-0.21 (-0.6%)· Recorded snapshot

Market cap	10.7B
Revenue (ttm)	4B
Net income (ttm)	490.3M
EPS (ttm)	$1.47
Shares out	334.2M
P/E (trailing)	21.8x
P/E (forward)	17.4x
Volume	9,920,773
Beta	2.08

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 4B
Net income (ttm): 490.3M
EPS (ttm): $1.47
P/E (trailing): 21.8x
P/E (forward): 17.4x
Market cap: 10.7B

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Vender
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	Vender
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	Comprar

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E17.4

P25 10.9P50 15.4P75 22.5

Trailing P/E21.8

P25 12P50 17.7P75 28

ROE24

P25 -15.1P50 6P75 18

ROIC32.3

P25 -3.5P50 5.2P75 12.7

Benchmarks · 1M

All ONON indicators

Market & fundamental data

Available fields

264

Groups with data

Currency

CHF

Showing 264 of 264 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001858985
Company name	On Holding AG
Country	Switzerland
Country code	US
CUSIP number	H5919C104
Earnings date	2026-11-10
Earnings time	bmo
Employees	3,963
Employees change	709
Employees growth	21.79%
Enterprise value	$9.8B
Exchange	NYSE
Financial currency	CHF
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2010
Industry	Footwear & Accessories
IPO date	2021-09-15
Is primary listing	Yes
Is SPAC	No
ISIN number	CH1134540470
Last 10-K release date	2026-03-03
Last earnings date	2026-08-11
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$10.7B
Market cap category	Large-Cap
Next earnings date	2026-11-10
Options	Yes
Price	$31.97
Price currency	USD
Sector	Consumer Discretionary
SIC code	3021
Stock price date	2026-10-28
Symbol	ONON
Website	https://www.on.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	18.94x
Average P/E ratio (3Y)	70.53x
Average P/E ratio (5Y)	117.05x
Earnings yield	4.58%
EV/Earnings	20.14x
EV/EBIT	17.99x
EV/EBITDA	16.27x
EV/FCF	18.69x
EV/Sales	2.48x
FCF / EV yield	5.35%
FCF yield	4.93%
Forward EV/Sales	2.13x
Forward P/E	17.41x
Forward P/S	2.32x
Graham number	15.27479
Graham upside	-52.34%
Industry forward P/E	18.79x
Industry P/E	16.25x
Lynch fair value	$36.63
Lynch upside	14.28%
P/(FCF - SBC) ratio	24.29x
P/(OCF - SBC) ratio	19.6x
P/B ratio	4.55x
P/E ratio	21.82x
P/FCF ratio	20.28x
P/OCF ratio	16.9x
P/S ratio	2.69x
PEG ratio	0.69x
Price / tangible book value	4.66x
Price/EBITDA ratio	17.65x
Sector forward P/E	24.43x
Sector P/E	30.53x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	13.77%
EBITDA margin	15.23%
Effective tax rate	7.95%
FCF margin	13.6%
Gross margin	64.82%
Operating margin	13.77%
Pretax margin	13.36%
Profit margin	12.3%
Profit per employee	$123,731
Profitable quarters	4
Profitable years	4
Revenue per employee	$1M
ROA	9.58%
ROA (5Y)	3.28%
ROCE	18.23%
ROE	23.95%
ROE (5Y)	3.23%
ROIC	32.3%
ROIC (5Y)	8.88%
SBC / revenue	2.25%
Tax / revenue	1.06%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	188.81%
EPS growth (QoQ)	1.56%
EPS growth 3Y	108.62%
EPS growth 5Y	104.05%
EPS growth quarters	2
EPS growth years	0
FCF growth	24.37%
FCF growth (Q)	135.56%
FCF growth (QoQ)	1,518.55%
FCF growth 5Y	132.93%
Gross profit growth	25.9%
Gross profit growth (Q)	20.59%
Gross profit growth 3Y	31.82%
Gross profit growth 5Y	45.31%
Net income growth	191.54%
Net income growth (QoQ)	1.65%
Net income growth 3Y	111.46%
Net income growth 5Y	111.84%
Net income growth quarters	2
Net income growth years	0
OCF growth	26.24%
OCF growth (Q)	123.22%
OCF growth (QoQ)	676.29%
OCF growth 5Y	99.01%
Operating income growth	50.44%
Operating income growth (Q)	28.59%
Operating income growth 3Y	48.04%
Operating income growth 5Y	78.18%
Revenue growth	18.48%
Revenue growth (Q)	13.49%
Revenue growth (QoQ)	2.21%
Revenue growth 3Y	27.35%
Revenue growth 5Y	41.39%
Revenue growth quarters	20
Revenue growth years	6

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-105.6M
Depreciation and amortization	$56.6M
EBIT	$548.9M
EBITDA	$606.9M
EPS	$1.47
FCF per share	$1.58
Financing cash flow	$-105M
Free cash flow	$528.2M
Free cash flow minus SBC	$441M
Gross profit	$2.6B
Income taxes	$42.3M
Investing cash flow	$-119.3M
Net borrowing	$-85.6M
Net cash flow	$444.4M
Net income	$490.3M
Operating cash flow minus SBC	$546.6M
Operating income	$548.9M
Revenue	$4B
Stock-based compensation	$89.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	7.32
Book value per share	$7.08
Debt / EBITDA	0.97
Debt / equity	0.29
Debt / FCF	1.32
Goodwill	$2.2M
Interest coverage	18.48
Long-term assets	$1.2B
Long-term liabilities	$670.8M
Net cash (debt)	$837.7M
Net cash / market cap	7.82%
Net cash growth	78.88%
Net debt / EBITDA	-1.38
Net debt / equity	-0.35
Net debt / FCF	-1.59
Piotroski F-Score	6
Property, plant and equipment	$851.9M
Shareholders' equity	$2.4B
Tangible book value	$2.3B
Tangible book value per share	$6.87
Total assets	$4B
Total cash	$1.5B
Total debt	$696.2M
Total liabilities	$1.6B
WACC	14.96%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.11
Current assets	$2.8B
Current liabilities	$977.1M
Current ratio	2.83
Inventory turnover	2.72
Net working capital	$410.3M
Quick ratio	2.12
Working capital	$1.8B
Working capital turnover	3.15

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.95%
Dividend yield	0%
Shareholder yield	-0.95%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$34.39
1D price change	-0.64%
1M price change	6.54%
1M total return	6.54%
1W price change	-9.88%
1W total return	-9.88%
1Y price change	-24.38%
1Y return CAGR	-24.39%
1Y total return	-24.38%
20-day SMA	$33.68
200-day SMA	$36.74
3M price change	-13.87%
3M total return	-13.87%
3Y price change	30.23%
3Y return CAGR	9.2%
3Y total return	30.23%
50-day SMA	$30.63
50-day SMA vs 200-day SMA	50under200
52-week high	$51.08
52-week high date	2026-01-09
52-week low	$26.37
52-week low date	2026-09-17
5Y price change	-6.12%
5Y return CAGR	-1.25%
5Y total return	-6.12%
6M price change	-11.16%
6M total return	-11.16%
All-time high	$64.05
All-time high date	2025-01-30
All-time low	$15.44
All-time low date	2022-10-11
Average true range (ATR)	$1.19
Average volume	9.5M
Beta (1Y)	2.02
Beta (2Y)	1.63
Beta (5Y)	2.08
Change from 52-week high	-37.42%
Change from 52-week low	21.24%
Change from all-time high	-50.16%
Change from all-time low	106.74%
Change from open	-1.01%
Day's gap	0.37%
Dollar volume	$317.1M
High price	$32.88
Low price	$31.91
Monthly RSI	43.64
Open price	$32.29
Position in 52-week range	5.67%
Premarket change	-0.25%
Premarket close	$32.17
Premarket price	$32.09
Premarket volume	26.5K
Previous close	$32.17
Price vs 150-day SMA	-7.17%
Price vs 20-day SMA	-5.21%
Price vs 200-day SMA	-13.12%
Price vs 50-day SMA	4.23%
Relative volume	1.05
Return from IPO open	-9.46%
Return from IPO price	33.54%
RSI	44.71
Sharpe ratio	-0.4
Sharpe ratio (3Y)	0.31
Sharpe ratio (5Y)	0.21
Sortino ratio	-0.44
Sortino ratio (3Y)	0.58
Sortino ratio (5Y)	0.43
Volume	9.9M
Weekly RSI	44.48
YTD price change	-31.33%
YTD total return	-31.33%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	248.7M
Float percentage	74.42%
Shares change (QoQ)	0.08%
Shares change (YoY)	0.95%
Shares held by insiders	25.53%
Shares held by institutions	64.31%
Shares outstanding	334.2M
Short % of float	11.21%
Short % of shares	8.35%
Short ratio	2.5 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	139

Deeper analysis on ONON

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this ONON report

Is a complete ONON research report available?

No complete published report is available for On Holding AG (ONON) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

On Holding AG (ONON)

Price

Financial snapshot

Fair-value bridge

Latest news · ONON

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ONON indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on ONON

Frequently asked questions