on holding ag - ONON

ONON

Close Chg Chg %
32.10 0.29 0.90%

Closed Market

32.39

+0.29 (0.90%)

Volume: 12.06M

Last Updated:

Mar 27, 2026, 3:59 PM EDT

Company Overview: on holding ag - ONON

ONON Key Data

Open

$31.99

Day Range

31.41 - 32.99

52 Week Range

31.41 - 61.29

Market Cap

$10.63B

Shares Outstanding

331.00M

Public Float

220.27M

Beta

2.14

Rev. Per Employee

N/A

P/E Ratio

43.14

EPS

$0.75

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

8.43M

 

ONON Performance

1 Week
 
-14.74%
 
1 Month
 
-30.92%
 
3 Months
 
-31.36%
 
1 Year
 
-27.27%
 
5 Years
 
N/A
 

ONON Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 26
Full Ratings ➔

About on holding ag - ONON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores. The company was founded by David Allemann, Olivier Bernhard, and Caspar Coppetti in January 2010 and is headquartered in Zurich, Switzerland.

ONON At a Glance

On Holding AG
Förrlibuckstrasse 190
Zurich, Zurich 8005
Phone 41-44-225-15-55 Revenue 3.63B
Industry Apparel/Footwear Net Income 245.28M
Sector Consumer Non-Durables 2025 Sales Growth 37.865%
Fiscal Year-end 12 / 2026 Employees 3,963
View SEC Filings

ONON Valuation

P/E Current 43.135
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 62.44
Price to Sales Ratio 4.276
Price to Book Ratio 7.467
Price to Cash Flow Ratio 38.13
Enterprise Value to EBITDA 24.633
Enterprise Value to Sales 4.123
Total Debt to Enterprise Value 0.049

ONON Efficiency

Revenue/Employee 915,770.679
Income Per Employee 61,892.00
Receivables Turnover 7.131
Total Asset Turnover 1.145

ONON Liquidity

Current Ratio 2.709
Quick Ratio 2.129
Cash Ratio 1.408

ONON Profitability

Gross Margin 58.985
Operating Margin 12.512
Pretax Margin 6.808
Net Margin 6.758
Return on Assets 7.742
Return on Equity 13.641
Return on Total Capital 8.779
Return on Invested Capital 10.96

ONON Capital Structure

Total Debt to Total Equity 35.592
Total Debt to Total Capital 26.249
Total Debt to Total Assets 19.81
Long-Term Debt to Equity 27.144
Long-Term Debt to Total Capital 20.019
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for On Holding Ag - ONON

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
1.28B 1.99B 2.63B 3.63B
Sales Growth
+61.46% +55.85% +32.00% +37.86%
Cost of Goods Sold (COGS) incl D&A
604.36M 870.08M 1.14B 1.49B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
48.58M 72.22M 118.77M 153.40M
Depreciation
38.85M 60.98M 106.51M 141.60M
Amortization of Intangibles
9.74M 11.24M 12.26M 11.80M
COGS Growth
+71.08% +43.97% +31.51% +30.09%
Gross Income
675.24M 1.12B 1.49B 2.14B
Gross Income Growth
+53.72% +66.48% +32.39% +43.84%
Gross Profit Margin
+52.77% +56.37% +56.53% +58.98%
2022 2023 2024 2025 5-year trend
SG&A Expense
586.14M 923.49M 1.25B 1.69B
Research & Development
- - - -
-
Other SG&A
586.14M 923.49M 1.25B 1.69B
SGA Growth
-1.26% +57.56% +35.14% +35.14%
Other Operating Expense
- - - -
-
Unusual Expense
- - - -
-
EBIT after Unusual Expense
89.10M 200.63M 240.16M 454.07M
Non Operating Income/Expense
(837.64K) (111.17M) 103.56M (172.07M)
Non-Operating Interest Income
5.97M 12.80M 26.68M 37.21M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
6.70M 12.57M 26.23M 34.92M
Interest Expense Growth
+73.02% +87.65% +108.60% +33.13%
Gross Interest Expense
6.70M 12.57M 26.23M 34.92M
Interest Capitalized
- - - -
-
Pretax Income
81.57M 76.89M 317.49M 247.08M
Pretax Income Growth
+146.73% -5.73% +312.89% -22.17%
Pretax Margin
+6.37% +3.86% +12.06% +6.81%
Income Tax
21.15M (11.68M) 42.35M 1.81M
Income Tax - Current - Domestic
40.52M 39.73M 84.03M 91.51M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
(19.37M) (51.41M) (41.67M) (89.71M)
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
60.41M 88.58M 275.13M 245.28M
Minority Interest Expense
- - - -
-
Net Income
60.41M 88.58M 275.13M 245.28M
Net Income Growth
+132.45% +46.62% +210.61% -10.85%
Net Margin Growth
+4.72% +4.44% +10.45% +6.76%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
60.41M 88.58M 275.13M 245.28M
Preferred Dividends
- - - -
-
Net Income Available to Common
60.41M 88.58M 275.13M 245.28M
EPS (Basic)
0.1907 0.2778 0.8518 0.7444
EPS (Basic) Growth
+131.89% +45.67% +206.62% -12.61%
Basic Shares Outstanding
316.74M 318.81M 323.01M 329.50M
EPS (Diluted)
0.1889 0.274 0.8386 0.7347
EPS (Diluted) Growth
+131.59% +45.05% +206.06% -12.39%
Diluted Shares Outstanding
319.78M 323.26M 328.08M 333.86M
EBITDA
137.69M 272.85M 358.93M 607.48M
EBITDA Growth
+214.78% +98.17% +31.55% +69.25%
EBITDA Margin
+10.76% +13.68% +13.63% +16.74%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 45.667
Number of Ratings 26 Current Quarters Estimate 0.267
FY Report Date 03 / 2026 Current Year's Estimate 1.269
Last Quarter’s Earnings 0.25 Median PE on CY Estimate N/A
Year Ago Earnings 0.80 Next Fiscal Year Estimate 1.58
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 16 16 22 22
Mean Estimate 0.27 0.32 1.27 1.58
High Estimates 0.31 0.35 1.45 1.84
Low Estimate 0.23 0.28 0.98 0.90
Coefficient of Variance 9.38 5.13 7.19 12.65

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 16 17 18
OVERWEIGHT 6 6 6
HOLD 3 3 3
UNDERWEIGHT 0 0 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

On Holding Ag in the News