Symbols / ONON $38.53 -0.87%
ONON Chart
About
On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Footwear & Accessories | Market Cap | 12.75B |
| Enterprise Value | 12.33B | Income | 203.70M | Sales | 3.01B |
| Book/sh | 6.22 | Cash/sh | 3.19 | Dividend Yield | — |
| Payout | 0.00% | Employees | 3963 | IPO | — |
| P/E | 49.40 | Forward P/E | 18.96 | PEG | — |
| P/S | 4.23 | P/B | 6.19 | P/C | — |
| EV/EBITDA | 29.37 | EV/Sales | 4.09 | Quick Ratio | 1.98 |
| Current Ratio | 2.71 | Debt/Eq | 31.95 | LT Debt/Eq | — |
| EPS (ttm) | 0.78 | EPS next Y | 2.03 | EPS Growth | -24.00% |
| Revenue Growth | 22.60% | Earnings | 2026-05-12 | ROA | 9.03% |
| ROE | 13.47% | ROIC | — | Gross Margin | 62.83% |
| Oper. Margin | 11.04% | Profit Margin | 6.76% | Shs Outstand | 296.87M |
| Shs Float | 245.81M | Short Float | 5.79% | Short Ratio | 3.11 |
| Short Interest | — | 52W High | 61.29 | 52W Low | 34.38 |
| Beta | 2.15 | Avg Volume | 5.21M | Volume | 1.23M |
| Target Price | $58.04 | Recom | Buy | Prev Close | $38.87 |
| Price | $38.53 | Change | -0.87% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$58.02
Mean price target
2. Current target
$37.70
Latest analyst target
3. DCF / Fair value
$16.03
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$37.70
Low
$29.81
High
$85.50
Mean
$58.02
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-04 | main | Truist Securities | Buy → Buy | $55 |
| 2026-03-04 | main | Barclays | Overweight → Overweight | $57 |
| 2026-03-04 | main | Guggenheim | Buy → Buy | $51 |
| 2026-03-04 | main | Telsey Advisory Group | Outperform → Outperform | $65 |
| 2026-03-04 | reit | BTIG | Buy → Buy | $70 |
| 2026-03-03 | reit | Needham | Buy → Buy | $52 |
| 2026-03-03 | main | Telsey Advisory Group | Outperform → Outperform | $65 |
| 2026-02-24 | main | Telsey Advisory Group | Outperform → Outperform | $65 |
| 2026-01-29 | reit | BTIG | Buy → Buy | $70 |
| 2026-01-28 | reit | Needham | Buy → Buy | $52 |
| 2026-01-28 | main | Telsey Advisory Group | Outperform → Outperform | $65 |
| 2026-01-22 | main | Keybanc | Overweight → Overweight | $58 |
| 2026-01-14 | main | Telsey Advisory Group | Outperform → Outperform | $65 |
| 2026-01-09 | down | Williams Trading | Buy → Hold | $47 |
| 2025-12-10 | init | Guggenheim | — → Buy | $59 |
| 2025-11-25 | main | Piper Sandler | Overweight → Overweight | $60 |
| 2025-11-13 | main | Barclays | Overweight → Overweight | $60 |
| 2025-11-13 | main | JP Morgan | Overweight → Overweight | $75 |
| 2025-11-13 | main | TD Cowen | Buy → Buy | $57 |
| 2025-11-13 | main | UBS | Buy → Buy | $85 |
- Swiss sneaker maker plunges 14% on weak guidance, slower than expected 2026 growth - CNBC ue, 03 Mar 2026 08
- Is It Time To Reconsider On Holding (ONON) After Recent Share Price Weakness? - simplywall.st hu, 19 Mar 2026 19
- Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: On Holding AG (ONON) and Li Auto (LI) - The Globe and Mail Fri, 20 Mar 2026 12
- On Holding AG (NYSE: ONON) director reports holding 6,328 Class A shares - Stock Titan Wed, 18 Mar 2026 15
- Guggenheim Issues Pessimistic Forecast for ON (NYSE:ONON) Stock Price - MarketBeat Wed, 04 Mar 2026 08
- On Holding (ONON) Stock Drops Despite Market Gains: Important Facts to Note - Yahoo Finance ue, 24 Feb 2026 08
- On Holding: Still A Long Way To Run, But Waiting For A Stumble To Buy (NYSE:ONON) - Seeking Alpha hu, 19 Mar 2026 14
- On Holding AG (ONON) Is One Of My Favorite Companies, Says Jim Cramer - MSN hu, 19 Mar 2026 09
- Is On Holding's Stock a Steal at These Prices? - The Motley Fool hu, 05 Mar 2026 08
- On Holding Stock Drops 6% After Swiss Sneaker Maker Misses Sales Target - TIKR.com Wed, 04 Mar 2026 08
- On Holding AG (ONON) executive details Class A, Class B and option holdings - Stock Titan Wed, 18 Mar 2026 16
- On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know - Yahoo Finance Singapore Wed, 18 Mar 2026 22
- On Holding AG (ONON) executive Olivier discloses Class A and B holdings - Stock Titan Wed, 18 Mar 2026 16
- Is It Too Late To Consider On Holding (ONON) After Its Strong Three Year Run? - Yahoo Finance Sun, 01 Mar 2026 08
- Analysts highlight long-term earnings growth potential for On Holding (ONON) - MSN ue, 17 Mar 2026 19
Insider Transactions
No recent insider transactions.
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -1.27M | 9.06M | -23.39M | -1.69M |
| TaxRateForCalcs | 0.01 | 0.13 | 0.21 | 0.26 |
| NormalizedEBITDA | 527.70M | 332.30M | 252.40M | 135.10M |
| TotalUnusualItems | -173.20M | 67.70M | -111.40M | -6.50M |
| TotalUnusualItemsExcludingGoodwill | -173.20M | 67.70M | -111.40M | -6.50M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 203.70M | 242.30M | 79.60M | 57.70M |
| ReconciledDepreciation | 127.40M | 104.60M | 64.90M | 46.40M |
| ReconciledCostOfRevenue | 1.12B | 912.60M | 724.80M | 537.20M |
| EBITDA | 354.50M | 400.00M | 141.00M | 128.60M |
| EBIT | 227.10M | 295.40M | 76.10M | 82.20M |
| NetInterestIncome | 1.40M | 400.00K | 200.00K | -700.00K |
| InterestExpense | 21.90M | 15.80M | 7.00M | 4.30M |
| InterestIncome | 30.90M | 23.50M | 11.50M | 5.70M |
| NormalizedIncome | 375.63M | 183.66M | 167.61M | 62.51M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 203.70M | 242.30M | 79.60M | 57.70M |
| TotalExpenses | 2.64B | 2.11B | 1.61B | 1.14B |
| TotalOperatingIncomeAsReported | 377.00M | 211.60M | 180.20M | 85.10M |
| DilutedAverageShares | 649.57M | 650.51M | 644.45M | 636.88M |
| BasicAverageShares | 635.09M | 633.90M | 629.70M | 627.63M |
| DilutedEPS | 0.61 | 0.74 | 0.25 | 0.18 |
| BasicEPS | 0.62 | 0.75 | 0.25 | 0.18 |
| DilutedNIAvailtoComStockholders | 203.70M | 242.30M | 79.60M | 57.70M |
| NetIncomeCommonStockholders | 203.70M | 242.30M | 79.60M | 57.70M |
| NetIncome | 203.70M | 242.30M | 79.60M | 57.70M |
| NetIncomeIncludingNoncontrollingInterests | 203.70M | 242.20M | 79.60M | 57.70M |
| NetIncomeContinuousOperations | 203.70M | 242.20M | 79.60M | 57.70M |
| TaxProvision | 1.50M | 37.40M | -10.50M | 20.20M |
| PretaxIncome | 205.20M | 279.60M | 69.10M | 77.90M |
| OtherIncomeExpense | -173.20M | 67.70M | -111.40M | -6.50M |
| GainOnSaleOfSecurity | -173.20M | 67.70M | -111.40M | -6.50M |
| NetNonOperatingInterestIncomeExpense | 1.40M | 400.00K | 200.00K | -700.00K |
| TotalOtherFinanceCost | 7.60M | 7.30M | 4.30M | 2.10M |
| InterestExpenseNonOperating | 21.90M | 15.80M | 7.00M | 4.30M |
| InterestIncomeNonOperating | 30.90M | 23.50M | 11.50M | 5.70M |
| OperatingIncome | 377.00M | 211.50M | 180.20M | 85.10M |
| OperatingExpense | 1.52B | 1.19B | 887.00M | 599.80M |
| SellingGeneralAndAdministration | 1.52B | 1.19B | 887.00M | 599.80M |
| SellingAndMarketingExpense | 959.50M | 733.10M | 568.60M | 366.70M |
| GeneralAndAdministrativeExpense | 557.10M | 461.10M | 318.40M | 233.10M |
| OtherGandA | 494.50M | 389.60M | 286.60M | 199.30M |
| SalariesAndWages | 62.60M | 71.50M | 31.80M | 33.80M |
| GrossProfit | 1.89B | 1.41B | 1.07B | 684.90M |
| CostOfRevenue | 1.12B | 912.60M | 724.80M | 537.20M |
| TotalRevenue | 3.01B | 2.32B | 1.79B | 1.22B |
| OperatingRevenue | 3.01B | 2.32B | 1.79B | 1.22B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 9.97M | 13.16M | 15.78M | 18.02M |
| OrdinarySharesNumber | 331.00M | 323.84M | 318.76M | 316.52M |
| ShareIssued | 340.97M | 337.00M | 334.54M | 334.54M |
| TotalDebt | 521.50M | 347.60M | 229.00M | 160.40M |
| TangibleBookValue | 1.58B | 1.33B | 1.01B | 899.30M |
| InvestedCapital | 1.63B | 1.39B | 1.07B | 969.60M |
| WorkingCapital | 1.24B | 1.10B | 845.70M | 808.80M |
| NetTangibleAssets | 1.58B | 1.33B | 1.01B | 899.30M |
| CapitalLeaseObligations | 521.50M | 347.60M | 229.00M | 160.40M |
| CommonStockEquity | 1.63B | 1.39B | 1.07B | 969.60M |
| TotalCapitalization | 1.63B | 1.39B | 1.07B | 969.60M |
| TotalEquityGrossMinorityInterest | 1.63B | 1.39B | 1.07B | 969.60M |
| StockholdersEquity | 1.63B | 1.39B | 1.07B | 969.60M |
| GainsLossesNotAffectingRetainedEarnings | 1.24B | 1.21B | 1.13B | 1.11B |
| OtherEquityAdjustments | 1.24B | 1.21B | 1.13B | 1.11B |
| TreasuryStock | 26.70M | 26.80M | 26.70M | 26.10M |
| RetainedEarnings | 382.60M | 178.90M | -63.30M | -142.90M |
| CapitalStock | 34.10M | 33.70M | 33.50M | 33.50M |
| CommonStock | 34.10M | 33.70M | 33.50M | 33.50M |
| TotalLiabilitiesNetMinorityInterest | 1.20B | 984.90M | 518.50M | 412.80M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 478.60M | 324.50M | 212.90M | 170.10M |
| OtherNonCurrentLiabilities | 2.80M | 1.70M | -100.00K | -100.00K |
| EmployeeBenefits | 5.50M | 8.60M | 2.20M | 6.30M |
| NonCurrentDeferredLiabilities | 9.30M | 10.80M | 10.50M | 17.90M |
| NonCurrentDeferredTaxesLiabilities | 9.30M | 10.80M | 10.50M | 17.90M |
| LongTermDebtAndCapitalLeaseObligation | 440.30M | 288.50M | 190.30M | 138.80M |
| LongTermCapitalLeaseObligation | 440.30M | 288.50M | 190.30M | 138.80M |
| LongTermProvisions | 20.70M | 14.90M | 10.00M | 7.20M |
| CurrentLiabilities | 724.40M | 660.40M | 305.60M | 242.70M |
| OtherCurrentLiabilities | 30.80M | 23.20M | 10.40M | 25.90M |
| CurrentDebtAndCapitalLeaseObligation | 81.20M | 59.10M | 38.70M | 21.60M |
| CurrentCapitalLeaseObligation | 81.20M | 59.10M | 38.70M | 21.60M |
| LineOfCredit | 0.00 | |||
| PensionandOtherPostRetirementBenefitPlansCurrent | 21.70M | 7.10M | 5.00M | 14.90M |
| CurrentProvisions | 68.80M | 62.60M | 19.50M | 5.00M |
| PayablesAndAccruedExpenses | 543.60M | 515.50M | 237.00M | 190.20M |
| CurrentAccruedExpenses | 243.90M | 201.50M | 101.20M | 35.90M |
| Payables | 299.70M | 314.00M | 135.80M | 154.30M |
| OtherPayable | 26.00M | 42.50M | 23.20M | 2.50M |
| TotalTaxPayable | 118.90M | 105.00M | 47.50M | 40.80M |
| IncomeTaxPayable | 63.20M | 62.50M | 23.50M | 13.90M |
| AccountsPayable | 154.80M | 166.50M | 65.10M | 111.00M |
| TotalAssets | 2.84B | 2.38B | 1.59B | 1.38B |
| TotalNonCurrentAssets | 873.00M | 617.00M | 441.70M | 330.90M |
| OtherNonCurrentAssets | 100.00K | 100.00K | 100.00K | -100.00K |
| NonCurrentDeferredAssets | 175.90M | 107.80M | 69.50M | 31.70M |
| NonCurrentDeferredTaxesAssets | 175.90M | 107.80M | 69.50M | 31.70M |
| GoodwillAndOtherIntangibleAssets | 54.20M | 58.30M | 64.60M | 70.30M |
| OtherIntangibleAssets | 52.40M | 56.50M | 62.80M | 68.50M |
| Goodwill | 1.80M | 1.80M | 1.80M | 1.80M |
| NetPPE | 642.80M | 450.80M | 307.50M | 229.00M |
| AccumulatedDepreciation | -300.80M | -206.20M | -110.00M | -61.50M |
| GrossPPE | 943.60M | 657.00M | 417.50M | 290.50M |
| Leases | 124.00M | 97.30M | 61.20M | 49.70M |
| OtherProperties | 629.20M | 379.50M | 211.40M | 108.90M |
| MachineryFurnitureEquipment | 45.50M | 41.10M | 28.00M | 20.90M |
| BuildingsAndImprovements | 144.90M | 139.10M | 116.90M | 111.00M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 1.96B | 1.76B | 1.15B | 1.05B |
| OtherCurrentAssets | 50.10M | 32.70M | 7.60M | 7.10M |
| RestrictedCash | 900.00K | 600.00K | ||
| PrepaidAssets | 33.60M | 29.00M | 27.00M | 21.00M |
| Inventory | 419.80M | 419.20M | 356.50M | 395.60M |
| InventoriesAdjustmentsAllowances | -25.50M | -30.80M | -7.40M | -1.10M |
| OtherInventories | 100.00K | 200.00K | 1.00K | |
| FinishedGoods | 432.40M | 437.50M | 355.90M | 388.20M |
| RawMaterials | 12.80M | 12.50M | 8.00M | 8.30M |
| Receivables | 379.80M | 298.20M | 231.40M | 223.60M |
| OtherReceivables | 400.00K | 9.30M | 200.00K | |
| TaxesReceivable | 74.40M | 52.10M | 26.60M | 39.70M |
| AccountsReceivable | 305.40M | 246.10M | 204.80M | 174.60M |
| AllowanceForDoubtfulAccountsReceivable | -5.70M | -10.70M | -13.30M | -9.10M |
| GrossAccountsReceivable | 311.10M | 257.00M | 218.10M | 183.70M |
| CashCashEquivalentsAndShortTermInvestments | 1.08B | 980.00M | 528.80M | 404.20M |
| OtherShortTermInvestments | 59.20M | 56.30M | 34.20M | 33.20M |
| CashAndCashEquivalents | 1.02B | 923.70M | 494.60M | 371.00M |
| CashEquivalents | 423.40M | 284.30M | 61.30M | 233.60M |
| CashFinancial | 500.90M | 210.30M | 309.70M | 419.50M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 280.90M | 445.60M | 184.90M | -310.00M |
| RepaymentOfDebt | -69.90M | -51.30M | -25.50M | -15.40M |
| IssuanceOfDebt | 0.00 | |||
| IssuanceOfCapitalStock | 4.30M | 200.00K | 0.00 | 0.00 |
| CapitalExpenditure | -78.60M | -65.00M | -47.20M | -83.00M |
| EndCashPosition | 1.02B | 924.30M | 494.60M | 371.00M |
| BeginningCashPosition | 924.30M | 494.60M | 371.00M | 653.10M |
| EffectOfExchangeRateChanges | -106.70M | 39.40M | -39.60M | 21.50M |
| ChangesInCash | 202.30M | 390.30M | 163.20M | -303.60M |
| FinancingCashFlow | -78.50M | -55.40M | -21.80M | 6.30M |
| CashFlowFromContinuingFinancingActivities | -78.50M | -55.50M | -21.90M | 6.30M |
| NetOtherFinancingCharges | 100.00K | 100.00K | -6.80M | |
| InterestPaidCFF | -21.50M | -15.30M | -6.50M | -4.70M |
| ProceedsFromStockOptionExercised | 8.60M | 10.90M | 10.10M | 26.40M |
| CashDividendsPaid | 0.00 | 0.00 | 0.00 | 0.00 |
| NetCommonStockIssuance | 4.30M | 200.00K | 0.00 | 0.00 |
| CommonStockIssuance | 4.30M | 200.00K | 0.00 | 0.00 |
| NetIssuancePaymentsOfDebt | -69.90M | -51.30M | -25.50M | -15.40M |
| NetLongTermDebtIssuance | -69.90M | -51.30M | -25.50M | -15.40M |
| LongTermDebtPayments | -69.90M | -51.30M | -25.50M | -15.40M |
| LongTermDebtIssuance | 0.00 | |||
| InvestingCashFlow | -78.60M | -64.90M | -47.10M | -82.90M |
| CashFlowFromContinuingInvestingActivities | -78.60M | -64.90M | -47.20M | -83.00M |
| NetOtherInvestingChanges | 100.00K | 100.00K | 100.00K | -200.00K |
| NetBusinessPurchaseAndSale | 0.00 | |||
| PurchaseOfBusiness | 0.00 | |||
| NetIntangiblesPurchaseAndSale | -5.70M | -4.50M | -4.40M | -22.70M |
| PurchaseOfIntangibles | -5.70M | -4.50M | -4.40M | -22.70M |
| NetPPEPurchaseAndSale | -72.90M | -60.40M | -42.80M | -60.30M |
| SaleOfPPE | 0.00 | 100.00K | 0.00 | |
| PurchaseOfPPE | -72.90M | -60.50M | -42.80M | -60.30M |
| OperatingCashFlow | 359.50M | 510.60M | 232.10M | -227.00M |
| CashFlowFromContinuingOperatingActivities | 359.60M | 510.70M | 232.20M | -227.00M |
| TaxesRefundPaid | -64.00M | -41.20M | -28.60M | -31.00M |
| InterestReceivedCFO | 30.10M | 22.50M | 11.00M | 5.60M |
| ChangeInWorkingCapital | -170.50M | 159.80M | -3.00M | -353.40M |
| ChangeInOtherWorkingCapital | 17.20M | 113.70M | 98.20M | -67.60M |
| ChangeInPayablesAndAccruedExpense | -9.20M | 104.00M | -44.30M | 65.80M |
| ChangeInPayable | -9.20M | 104.00M | -44.30M | 65.80M |
| ChangeInAccountPayable | -9.20M | 104.00M | -44.30M | 65.80M |
| ChangeInInventory | -82.40M | -27.80M | -10.00M | -273.00M |
| ChangeInReceivables | -96.10M | -30.10M | -46.90M | -78.60M |
| ChangesInAccountReceivables | -96.10M | -30.10M | -46.90M | -78.60M |
| OtherNonCashItems | -8.60M | -7.30M | -4.60M | -800.00K |
| StockBasedCompensation | 66.60M | 57.50M | 27.30M | 38.30M |
| ProvisionandWriteOffofAssets | 18.00M | 4.80M | -7.40M | 4.40M |
| DeferredTax | 1.50M | 37.40M | -10.50M | 20.20M |
| DeferredIncomeTax | 1.50M | 37.40M | -10.50M | 20.20M |
| DepreciationAmortizationDepletion | 127.40M | 104.60M | 64.90M | 46.40M |
| DepreciationAndAmortization | 127.40M | 104.60M | 64.90M | 46.40M |
| AmortizationCashFlow | 9.80M | 10.80M | 10.10M | |
| AmortizationOfIntangibles | 9.80M | 10.80M | 10.10M | |
| Depreciation | 117.60M | 93.90M | 54.80M | |
| OperatingGainsLosses | 173.30M | -65.00M | 96.00M | -2.60M |
| PensionAndEmployeeBenefitExpense | 4.00M | 5.20M | -7.50M | 4.80M |
| NetForeignCurrencyExchangeGainLoss | 165.60M | -70.90M | 102.90M | -8.30M |
| NetIncomeFromContinuingOperations | 203.70M | 242.30M | 79.60M | 57.70M |
SEC Filings
No SEC filings found for this symbol (may be non-US or ticker not in SEC index).
Public Trades for ONON
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|