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On Holding(NYSE) ONON

Market Cap$9.89BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-15%
5 YearN/A
1 Year-33%
1 Month-18%
Premium Feature
Moneyball Superscore
70/100
$29.99
+0.30%
+0.09Today
After hours$30.10+$0.11 (+0.37%)
On Holding last closing stock price
MetricPriceDate
Last closeUSD 30.022026-08-21
On Holding stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-6.83%USD 32.222026-08-14
1 month-18.09%USD 36.652026-07-22
3 month-24.59%USD 39.812026-05-22
Year to date-35.41%USD 46.482025-12-31
1 year-32.66%USD 44.582025-08-21
3 year+2.18%USD 29.382023-08-22
Since inception-14.57%USD 35.002021-09-15

On Holding Financials at a Glance

Market Cap

$9.89BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

CHF 3.23B

Net Income (TTM)

CHF 398.08M

EPS (TTM)

$1.49

P/E Ratio

19.92

Dividend

$0.00

Beta (Volatility)

0.00 (Low)

Price

$29.99

Volume

5,236,157

Open

$30.36

Previous Close

$30.02

Daily Range

$29.91 - $30.36

52-Week Range

$29.63 - $51.08

Estimated Earnings Date

Nov 11, 2026

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About On Holding

On Holding AG is a Swiss company that specializes in developing and distributing performance sports products under the On brand. The company offers a range of athletic footwear, apparel, and accessories designed for various sports and activities, catering to athletes and active consumers globally.

Products and Services
  • Performance running shoes and apparel
  • Outdoor and training gear for athletes
  • Accessories for sports enthusiasts and young movers
Growth Outlook
  • Revenue for Q2 2026 reached CHF 850.3 million, showing strong demand
  • Net income of CHF 105 million in Q2 2026 indicates profitability
  • Cash and cash equivalents increased to CHF 1.21 billion, enhancing liquidity
Financial Highlights
  • Trailing twelve months (TTM) revenue of CHF 3.4 billion reflects consistent growth
  • Operating income margin of 14% demonstrates effective cost management
  • Return on equity (ROE) stands at 23.2%, indicating strong shareholder returns
On Holding AG has established itself as a key player in the performance sports market, leveraging innovative designs and technology to enhance athletic performance. The company's diverse product offerings cater to a wide range of sports, appealing to both serious athletes and casual fitness enthusiasts. The growth outlook appears promising, with significant revenue generation and a solid net income reported in the latest quarter. The increase in cash reserves further strengthens the company's financial position, allowing for potential investments in expansion or product development. Financially, On Holding AG has demonstrated resilience and effective management, as evidenced by its operating income margin and return on equity. These metrics suggest that the company is not only growing but also doing so in a financially sustainable manner. Overall, On Holding AG presents an intriguing opportunity for investors interested in the consumer cyclical sector, particularly in the apparel and footwear industry. The company's commitment to innovation and performance, combined with its strong financial metrics, positions it well for future growth.
AI Generated • Aug 18, 2026

Industry

Textiles, Apparel and Luxury Goods

Employees

3,963

CEO

David Allemann; Caspar Coppetti, PhD

Website

www.on.com

Headquarters

Zurich, ZH 8005, CH

ONON Financials

Key Financial Metrics (TTM)

Gross Margin

64.82%

Operating Margin

13.79%

Net Income Margin

12.31%

Return on Equity

23.23%

Return on Capital

16.25%

Return on Assets

12.28%

Earnings Yield

5.02%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$9.89BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

329.37M

Volume

5.24M

Avg. Volume

6.00M

Financials (TTM)

Gross Profit

CHF 2.10B

Operating Income

CHF 445.99M

EBITDA

CHF 565.21M

Operating Cash Flow

CHF 513.49M

Capital Expenditure

-CHF 89.33M

Free Cash Flow

CHF 424.16M

Cash & ST Invst.

CHF 1.24B

Total Debt

CHF 562.50M

On Holding Performance Analysis

On Holding annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31CHF 1,279,598,61561.5%
20232023-12-31CHF 1,994,209,65755.8%
20242024-12-31CHF 2,632,434,85432.0%
20252025-12-31CHF 3,629,199,20137.9%
On Holding sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-306.0%
Q42025-12-31-7.1%
Q12026-03-3115.2%
Q22026-06-30-0.0%
On Holding annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31CHF 0.19N/A
20232023-12-31CHF 0.2745.1%
20242024-12-31CHF 0.84206.1%
20252025-12-31CHF 0.73-12.4%
On Holding sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30400.0%
Q42025-12-31-41.7%
Q12026-03-3147.6%
Q22026-06-30N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

CHF 850.30M

+13.5%

Gross Profit

CHF 555.70M

+20.6%

Gross Margin

65.35%

N/A

Market Cap

$9.89BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.50M

N/A

Employees

3,963

N/A

Net Income

CHF 105.00M

+356.7%

EBITDA

CHF 131.60M

+1578.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

CHF 1.24B

+37.9%

Total Debt

CHF 562.50M

+13.0%

Accounts Receivable

CHF 374.00M

-5.2%

Inventory

CHF 472.90M

+31.2%

Long Term Debt

CHF 474.60M

+11.2%

Short Term Debt

CHF 87.90M

+24.0%

Return on Assets

12.28%

N/A

Return on Invested Capital

18.33%

N/A

Free Cash Flow

CHF 200.70M

+139.5%

Operating Cash Flow

CHF 225.90M

+123.2%

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Questions About ONON

What is the current price of On Holding?

On Holding is trading at $30.02 per share.

What is the 52-week range for On Holding?

Over the past 52 weeks, On Holding has traded between $29.63 and $51.08.

How much debt does On Holding have?

As of the most recent reporting period, On Holding reported total debt of CHF 761.67M.

How much cash does On Holding have on hand?

On Holding reported CHF 1.49B in cash and cash equivalents in its most recent financial results.

What is On Holding’s dividend yield?

On Holding does not currently have a dividend yield.

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