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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.

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%	Bán
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	Bán
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	Mua

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

Metric

Value

Amount currency

USD

CIK code

0001858985

Company name

On Holding AG

Country

Switzerland

Country code

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

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

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

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

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%

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

Profitable years

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%

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

Metric

Value

EPS growth

188.81%

EPS growth (QoQ)

1.56%

EPS growth 3Y

108.62%

EPS growth 5Y

104.05%

EPS growth quarters

EPS growth years

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

Net income growth years

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

Revenue growth years

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

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

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%

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

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%

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

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

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

Metric

Value

Buyback yield / dilution

-0.95%

Dividend yield

Shareholder yield

-0.95%

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%

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%

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

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

Metric	Value
Page views	139

Metric

Value

Page views

139

On Holding AG (ONON)

Price

Financial snapshot

Fair-value bridge

Latest news · ONON

Valuation

Profitability

Balance sheet

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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