On Holding AG (ONON)

Price$35.42

Favorite Metrics

Price vs S&P 500 (26W)-22.76%

Price vs S&P 500 (4W)-15.09%

Market Capitalization$14.97B

P/E Ratio (Annual)45.06x

All Metrics

P/CF (Annual)25.53x

Book Value / Share (Quarterly)$6.30

P/TBV (Annual)7.60x

Revenue Growth (3Y)35.11%

Cash Flow / Share (Quarterly)$1.08

Price vs S&P 500 (YTD)-26.42%

Gross Margin (TTM)62.83%

Net Profit Margin (TTM)6.76%

EPS (TTM)$0.78

10-Day Avg Trading Volume7.44M

EPS Excl Extra (TTM)$0.78

Revenue Growth (5Y)47.94%

EPS (Annual)$0.78

ROI (Annual)9.20%

Gross Margin (Annual)62.83%

Net Profit Margin (5Y Avg)0.58%

Cash / Share (Quarterly)$4.16

P/E Basic Excl Extra (TTM)45.03x

Revenue Growth QoQ (YoY)22.62%

P/E Normalized (Annual)45.06x

ROA (Last FY)7.18%

Revenue Growth TTM (YoY)30.01%

EBITD / Share (TTM)$1.94

ROE (5Y Avg)4.63%

Operating Margin (TTM)12.51%

Cash Flow / Share (Annual)$1.08

P/B Ratio5.62x

P/B Ratio (Quarterly)7.36x

Net Income / Employee (Annual)$0

EV / Revenue (TTM)2.90x

Net Interest Coverage (TTM)2.20x

ROA (TTM)7.73%

EPS Growth QoQ (YoY)-23.65%

EV / EBITDA (TTM)17.33x

EPS Incl Extra (Annual)$0.78

Current Ratio (Annual)2.71x

Quick Ratio (Quarterly)2.08x

3-Month Avg Trading Volume5.88M

52-Week Price Return-17.93%

EV / Free Cash Flow (Annual)31.11x

P/E Incl Extra (TTM)45.03x

Revenue / Employee (TTM)$1

Tangible BV / Share (Quarterly)$6.09

P/S Ratio (Annual)3.04x

Asset Turnover (Annual)1.06x

52-Week High$61.29

Operating Margin (5Y Avg)3.84%

EPS Excl Extra (Annual)$0.78

CapEx CAGR (5Y)33.41%

26-Week Price Return-18.78%

Quick Ratio (Annual)2.08x

13-Week Price Return-27.56%

Total Debt / Equity (Annual)0.36x

Current Ratio (Quarterly)2.71x

Enterprise Value$11,156.669

Revenue / Share Growth (5Y)45.36%

Asset Turnover (TTM)1.14x

Revenue / Employee (Annual)$1

Inventory Turnover (Annual)2.67x

Pretax Margin (Annual)6.81%

Cash / Share (Annual)$4.16

3-Month Return Std Dev51.24%

Gross Margin (5Y Avg)59.69%

Net Income / Employee (TTM)$0

EBITDA CAGR (5Y)100.80%

EBITDA Interim CAGR (5Y)45.18%

ROE (Last FY)12.48%

Net Interest Coverage (Annual)2.20x

EPS Basic Excl Extra (Annual)$0.78

P/FCF (TTM)30.08x

Receivables Turnover (TTM)10.93x

EV / Free Cash Flow (TTM)31.11x

Total Debt / Equity (Quarterly)0.36x

EPS Incl Extra (TTM)$0.78

Receivables Turnover (Annual)10.93x

ROI (TTM)10.18%

P/S Ratio (TTM)3.04x

Pretax Margin (5Y Avg)1.42%

Revenue / Share (Annual)$11.53

Tangible BV / Share (Annual)$6.09

Forward P/E21.59x

Price vs S&P 500 (52W)-47.76%

P/E Ratio (TTM)45.03x

EPS Growth TTM (YoY)-17.52%

Year-to-Date Return-23.77%

5-Day Price Return2.87%

EPS Normalized (Annual)$0.78

ROA (5Y Avg)2.55%

Net Profit Margin (Annual)6.76%

Month-to-Date Return4.14%

Cash Flow / Share (TTM)$0.62

EBITD / Share (Annual)$1.88

EPS Growth (3Y)50.10%

Operating Margin (Annual)12.51%

LT Debt / Equity (Annual)0.00x

P/CF (TTM)25.53x

ROI (5Y Avg)3.56%

P/E Excl Extra (TTM)45.03x

LT Debt / Equity (Quarterly)0.00x

EPS Basic Excl Extra (TTM)$0.78

P/TBV (Quarterly)7.60x

P/B Ratio (Annual)7.36x

Inventory Turnover (TTM)2.67x

Pretax Margin (TTM)6.81%

Book Value / Share (Annual)$6.30

Price vs S&P 500 (13W)-28.25%

Beta2.18x

P/FCF (Annual)32.67x

Revenue / Share (TTM)$11.55

ROE (TTM)13.52%

52-Week Low$31.41

Analyst Recommendations

Jan 2026

Feb 2026

Mar 2026

Apr 2026

4.12

4.14

Industry Peers — Rubber & Plastics Footwear(3)

Symbol	P/E Ratio (Annual)	ROE (TTM)	Revenue Growth (5Y)	Indicated Dividend Yield (Annual)	Price
ONONOn Holding AG	45.06x	13.52%	47.94%	—	$35.42
NKENike, Inc.	21.22x	16.41%	4.36%	3.61%	$45.70
DECKDeckers Outdoor Corp	15.98x	41.36%	18.51%	—	$108.33
CROXCrocs, Inc.	—	-5.37%	23.86%	—	$102.25

About

Swiss-based sportswear company specializing in athletic footwear, which represents 93% of revenue, with complementary apparel and accessories offerings. Known for its CloudTec running shoe technology, On distributes products across 80+ countries through a balanced dual-channel model: 58% wholesale and 42% direct-to-consumer. In 2025, geographic revenue was concentrated in North America (58%), with Europe, Middle East, and Africa accounting for 25% and Asia-Pacific 17%.