Symbols / ONON
ONON Chart
About
On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Footwear & Accessories | Market Cap | 15.45B |
| Enterprise Value | 14.92B | Income | 224.20M | Sales | 2.88B |
| Book/sh | 6.03 | Cash/sh | 3.11 | Dividend Yield | — |
| Payout | 0.00% | Employees | 3254 | IPO | — |
| P/E | 53.78 | Forward P/E | 27.22 | PEG | — |
| P/S | 5.37 | P/B | 7.76 | P/C | — |
| EV/EBITDA | 37.13 | EV/Sales | 5.19 | Quick Ratio | 1.82 |
| Current Ratio | 2.55 | Debt/Eq | 32.69 | LT Debt/Eq | — |
| EPS (ttm) | 0.87 | EPS next Y | 1.72 | EPS Growth | 283.10% |
| Revenue Growth | 24.90% | Earnings | 2026-03-03 | ROA | 8.93% |
| ROE | 15.98% | ROIC | — | Gross Margin | 62.40% |
| Oper. Margin | 15.71% | Profit Margin | 7.79% | Shs Outstand | 296.68M |
| Shs Float | 240.21M | Short Float | 6.67% | Short Ratio | 3.17 |
| Short Interest | — | 52W High | 61.29 | 52W Low | 34.38 |
| Beta | 2.15 | Avg Volume | 4.81M | Volume | 2.66M |
| Target Price | $62.01 | Recom | Buy | Prev Close | $47.44 |
| Price | $46.79 | Change | -1.37% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$62.01
Mean price target
2. Current target
$46.79
Latest analyst target
3. DCF / Fair value
$23.05
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$46.79
Low
$29.99
High
$87.07
Mean
$62.01
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 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 |
| 2025-11-13 | main | Telsey Advisory Group | Outperform → Outperform | $65 |
| 2025-11-13 | main | Morgan Stanley | Overweight → Overweight | $70 |
| 2025-11-13 | main | Evercore ISI Group | Outperform → Outperform | $60 |
| 2025-11-13 | main | B of A Securities | Buy → Buy | $63 |
| 2025-11-13 | main | Truist Securities | Buy → Buy | $65 |
| 2025-11-13 | main | Goldman Sachs | Neutral → Neutral | $52 |
| 2025-11-12 | main | Needham | Buy → Buy | $52 |
- On Holding (ONON) Stock Drops Despite Market Gains: Important Facts to Note - Yahoo Finance Singapore ue, 24 Feb 2026 22
- A Look At On Holding (ONON) Valuation As Revenue Growth And Earnings Surprise Lift Investor Interest - simplywall.st ue, 24 Feb 2026 12
- ON (ONON) Projected to Post Earnings on Tuesday - MarketBeat ue, 24 Feb 2026 11
- Swiss sports brand On to reveal 2025 results in March call - Stock Titan ue, 10 Feb 2026 08
- Here is What to Know Beyond Why On Holding AG (ONON) is a Trending Stock - Yahoo Finance Fri, 20 Feb 2026 14
- Principal Financial Group Inc. Reduces Stake in On Holding AG $ONON - MarketBeat Sat, 21 Feb 2026 10
- On Holding (ONON) Beats Stock Market Upswing: What Investors Need to Know - Yahoo Finance Wed, 18 Feb 2026 22
- On Holding (ONON) Stock Drops Despite Market Gains: Important Facts to Note - Yahoo Finance Fri, 23 Jan 2026 08
- Is Trending Stock On Holding AG (ONON) a Buy Now? - Yahoo Finance Mon, 09 Feb 2026 08
- On Holding (ONON) Valuation Check After Earnings Beat And Analyst Upgrades - Yahoo Finance Singapore ue, 24 Feb 2026 02
- On Holding (ONON) Stock Moves -4.57%: What You Should Know - Yahoo Finance Wed, 29 Oct 2025 07
- Is On Holding ONON Still Attractive After Recent Share Price Swings? - Yahoo Finance hu, 12 Feb 2026 08
- Here is What to Know Beyond Why On Holding AG (ONON) is a Trending Stock - Yahoo Finance Wed, 17 Dec 2025 08
- On Holding (ONON): Exploring Valuation After Recent Share Price Weakness - Yahoo Finance Sun, 19 Oct 2025 07
- On Holding AG (ONON) is Attracting Investor Attention: Here is What You Should Know - Yahoo Finance Wed, 03 Dec 2025 08
Insider Transactions
No recent insider transactions.
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 9.07M | -23.39M | -1.69M | -4.02M |
| TaxRateForCalcs | 0.13 | 0.21 | 0.26 | 0.27 |
| NormalizedEBITDA | 332.30M | 252.40M | 135.10M | -110.90M |
| TotalUnusualItems | 67.70M | -111.40M | -6.50M | -14.90M |
| TotalUnusualItemsExcludingGoodwill | 67.70M | -111.40M | -6.50M | -14.90M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 242.30M | 79.60M | 57.70M | -170.20M |
| ReconciledDepreciation | 104.60M | 64.90M | 46.40M | 31.40M |
| ReconciledCostOfRevenue | 912.60M | 724.80M | 537.20M | 294.30M |
| EBITDA | 400.00M | 141.00M | 128.60M | -125.80M |
| EBIT | 295.40M | 76.10M | 82.20M | -157.20M |
| NetInterestIncome | 400.00K | 200.00K | -700.00K | -3.50M |
| InterestExpense | 15.80M | 7.00M | 4.30M | 2.40M |
| InterestIncome | 23.50M | 11.50M | 5.70M | 0.00 |
| NormalizedIncome | 183.67M | 167.61M | 62.51M | -159.32M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 242.30M | 79.60M | 57.70M | -170.20M |
| TotalExpenses | 2.11B | 1.61B | 1.14B | 865.70M |
| TotalOperatingIncomeAsReported | 211.60M | 180.20M | 85.10M | -141.10M |
| DilutedAverageShares | 650.51M | 644.45M | 636.88M | 288.52M |
| BasicAverageShares | 633.90M | 629.70M | 627.63M | 288.52M |
| DilutedEPS | 0.74 | 0.25 | 0.18 | -0.59 |
| BasicEPS | 0.75 | 0.25 | 0.18 | -0.59 |
| DilutedNIAvailtoComStockholders | 242.30M | 79.60M | 57.70M | -170.20M |
| NetIncomeCommonStockholders | 242.30M | 79.60M | 57.70M | -170.20M |
| NetIncome | 242.30M | 79.60M | 57.70M | -170.20M |
| NetIncomeIncludingNoncontrollingInterests | 242.20M | 79.60M | 57.70M | -170.20M |
| NetIncomeContinuousOperations | 242.20M | 79.60M | 57.70M | -170.20M |
| TaxProvision | 37.40M | -10.50M | 20.20M | 10.60M |
| PretaxIncome | 279.60M | 69.10M | 77.90M | -159.60M |
| OtherIncomeExpense | 67.70M | -111.40M | -6.50M | -14.90M |
| GainOnSaleOfSecurity | 67.70M | -111.40M | -6.50M | -14.90M |
| NetNonOperatingInterestIncomeExpense | 400.00K | 200.00K | -700.00K | -3.50M |
| TotalOtherFinanceCost | 7.30M | 4.30M | 2.10M | 1.10M |
| InterestExpenseNonOperating | 15.80M | 7.00M | 4.30M | 2.40M |
| InterestIncomeNonOperating | 23.50M | 11.50M | 5.70M | 0.00 |
| OperatingIncome | 211.50M | 180.20M | 85.10M | -141.10M |
| OperatingExpense | 1.19B | 887.00M | 599.80M | 571.40M |
| SellingGeneralAndAdministration | 1.19B | 887.00M | 599.80M | 571.40M |
| SellingAndMarketingExpense | 733.10M | 568.60M | 366.70M | 249.50M |
| GeneralAndAdministrativeExpense | 461.10M | 318.40M | 233.10M | 321.90M |
| OtherGandA | 389.60M | 286.60M | 199.30M | 123.40M |
| SalariesAndWages | 71.50M | 31.80M | 33.80M | 198.50M |
| GrossProfit | 1.41B | 1.07B | 684.90M | 430.30M |
| CostOfRevenue | 912.60M | 724.80M | 537.20M | 294.30M |
| TotalRevenue | 2.32B | 1.79B | 1.22B | 724.60M |
| OperatingRevenue | 2.32B | 1.79B | 1.22B | 724.60M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 13.16M | 15.78M | 18.02M | 23.13M |
| OrdinarySharesNumber | 323.84M | 318.76M | 316.52M | 311.41M |
| ShareIssued | 337.00M | 334.54M | 334.54M | 334.54M |
| TotalDebt | 347.60M | 229.00M | 160.40M | 180.80M |
| TangibleBookValue | 1.33B | 1.01B | 899.30M | 791.00M |
| InvestedCapital | 1.39B | 1.07B | 969.60M | 848.50M |
| WorkingCapital | 1.10B | 845.70M | 808.80M | 759.60M |
| NetTangibleAssets | 1.33B | 1.01B | 899.30M | 791.00M |
| CapitalLeaseObligations | 347.60M | 229.00M | 160.40M | 180.80M |
| CommonStockEquity | 1.39B | 1.07B | 969.60M | 848.50M |
| TotalCapitalization | 1.39B | 1.07B | 969.60M | 848.50M |
| TotalEquityGrossMinorityInterest | 1.39B | 1.07B | 969.60M | 848.50M |
| StockholdersEquity | 1.39B | 1.07B | 969.60M | 848.50M |
| GainsLossesNotAffectingRetainedEarnings | 1.21B | 1.13B | 1.11B | 1.04B |
| OtherEquityAdjustments | 1.21B | 1.13B | 1.11B | 1.04B |
| TreasuryStock | 26.80M | 26.70M | 26.10M | 25.00M |
| RetainedEarnings | 178.90M | -63.30M | -142.90M | -200.60M |
| CapitalStock | 33.70M | 33.50M | 33.50M | 33.50M |
| CommonStock | 33.70M | 33.50M | 33.50M | 33.50M |
| TotalLiabilitiesNetMinorityInterest | 984.90M | 518.50M | 412.80M | 388.00M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 324.50M | 212.90M | 170.10M | 183.00M |
| OtherNonCurrentLiabilities | 1.70M | -100.00K | -100.00K | -100.00K |
| EmployeeBenefits | 8.60M | 2.20M | 6.30M | 5.90M |
| NonCurrentDeferredLiabilities | 10.80M | 10.50M | 17.90M | 5.60M |
| NonCurrentDeferredTaxesLiabilities | 10.80M | 10.50M | 17.90M | 5.60M |
| LongTermDebtAndCapitalLeaseObligation | 288.50M | 190.30M | 138.80M | 167.20M |
| LongTermCapitalLeaseObligation | 288.50M | 190.30M | 138.80M | 167.20M |
| LongTermProvisions | 14.90M | 10.00M | 7.20M | 4.40M |
| CurrentLiabilities | 660.40M | 305.60M | 242.70M | 205.00M |
| OtherCurrentLiabilities | 64.10M | 10.40M | 25.90M | 13.30M |
| CurrentDebtAndCapitalLeaseObligation | 59.10M | 38.70M | 21.60M | 13.60M |
| CurrentCapitalLeaseObligation | 59.10M | 38.70M | 21.60M | 13.60M |
| LineOfCredit | 0.00 | |||
| PensionandOtherPostRetirementBenefitPlansCurrent | 21.70M | 7.10M | 5.00M | 14.90M |
| CurrentProvisions | 21.70M | 19.50M | 5.00M | 14.90M |
| PayablesAndAccruedExpenses | 515.50M | 237.00M | 190.20M | 163.20M |
| CurrentAccruedExpenses | 201.50M | 101.20M | 35.90M | 54.90M |
| Payables | 314.00M | 135.80M | 154.30M | 108.30M |
| OtherPayable | 42.50M | 23.20M | 2.50M | 40.80M |
| TotalTaxPayable | 105.00M | 47.50M | 40.80M | 21.60M |
| IncomeTaxPayable | 62.50M | 23.50M | 13.90M | 2.40M |
| AccountsPayable | 166.50M | 65.10M | 111.00M | 45.90M |
| TotalAssets | 2.38B | 1.59B | 1.38B | 1.24B |
| TotalNonCurrentAssets | 617.00M | 441.70M | 330.90M | 271.90M |
| OtherNonCurrentAssets | 100.00K | 100.00K | -100.00K | -1.00K |
| NonCurrentDeferredAssets | 107.80M | 69.50M | 31.70M | 2.20M |
| NonCurrentDeferredTaxesAssets | 107.80M | 69.50M | 31.70M | 2.20M |
| GoodwillAndOtherIntangibleAssets | 58.30M | 64.60M | 70.30M | 57.50M |
| OtherIntangibleAssets | 56.50M | 62.80M | 68.50M | 55.70M |
| Goodwill | 1.80M | 1.80M | 1.80M | 1.80M |
| NetPPE | 450.80M | 307.50M | 229.00M | 212.20M |
| AccumulatedDepreciation | -206.20M | -110.00M | -61.50M | -35.80M |
| GrossPPE | 657.00M | 417.50M | 290.50M | 248.00M |
| Leases | 97.30M | 61.20M | 49.70M | 20.90M |
| OtherProperties | 379.50M | 211.40M | 108.90M | 119.70M |
| MachineryFurnitureEquipment | 41.10M | 28.00M | 20.90M | 4.50M |
| BuildingsAndImprovements | 139.10M | 116.90M | 111.00M | 102.90M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 1.76B | 1.15B | 1.05B | 964.60M |
| OtherCurrentAssets | 26.40M | 7.60M | 7.10M | 4.40M |
| PrepaidAssets | 42.00M | 27.00M | 21.00M | 16.50M |
| Inventory | 419.20M | 356.50M | 395.60M | 134.20M |
| InventoriesAdjustmentsAllowances | -30.80M | -7.40M | -1.10M | -900.00K |
| OtherInventories | 200.00K | 1.00K | ||
| FinishedGoods | 437.50M | 355.90M | 388.20M | 133.30M |
| RawMaterials | 12.50M | 8.00M | 8.30M | 1.80M |
| Receivables | 291.50M | 231.40M | 223.60M | 126.40M |
| OtherReceivables | 400.00K | 9.30M | 200.00K | |
| TaxesReceivable | 45.40M | 26.60M | 39.70M | 26.90M |
| AccountsReceivable | 246.10M | 204.80M | 174.60M | 99.30M |
| AllowanceForDoubtfulAccountsReceivable | -10.70M | -13.30M | -9.10M | -2.60M |
| GrossAccountsReceivable | 257.00M | 218.10M | 183.70M | 101.80M |
| CashCashEquivalentsAndShortTermInvestments | 980.60M | 528.80M | 404.20M | 683.10M |
| OtherShortTermInvestments | 56.30M | 34.20M | 33.20M | 30.00M |
| CashAndCashEquivalents | 924.30M | 494.60M | 371.00M | 653.10M |
| CashEquivalents | 423.40M | 284.30M | 61.30M | 233.60M |
| CashFinancial | 500.90M | 210.30M | 309.70M | 419.50M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 445.60M | 184.90M | -310.00M | -19.30M |
| RepaymentOfDebt | -51.30M | -25.50M | -15.40M | -13.30M |
| IssuanceOfDebt | 0.00 | |||
| IssuanceOfCapitalStock | 200.00K | 0.00 | 0.00 | 618.30M |
| CapitalExpenditure | -65.00M | -47.20M | -83.00M | -36.20M |
| EndCashPosition | 924.30M | 494.60M | 371.00M | 653.10M |
| BeginningCashPosition | 494.60M | 371.00M | 653.10M | 90.60M |
| EffectOfExchangeRateChanges | 39.40M | -39.60M | 21.50M | -13.90M |
| ChangesInCash | 390.30M | 163.20M | -303.60M | 576.40M |
| FinancingCashFlow | -55.40M | -21.80M | 6.30M | 595.90M |
| CashFlowFromContinuingFinancingActivities | -55.50M | -21.90M | 6.30M | 595.90M |
| NetOtherFinancingCharges | 100.00K | 100.00K | -6.80M | |
| InterestPaidCFF | -15.30M | -6.50M | -4.70M | -2.80M |
| ProceedsFromStockOptionExercised | 10.90M | 10.10M | 26.40M | 500.00K |
| CashDividendsPaid | 0.00 | 0.00 | 0.00 | 0.00 |
| NetCommonStockIssuance | 200.00K | 0.00 | 0.00 | 618.30M |
| CommonStockIssuance | 200.00K | 0.00 | 0.00 | 618.30M |
| NetIssuancePaymentsOfDebt | -51.30M | -25.50M | -15.40M | -13.30M |
| NetLongTermDebtIssuance | -51.30M | -25.50M | -15.40M | -13.30M |
| LongTermDebtPayments | -51.30M | -25.50M | -15.40M | -13.30M |
| LongTermDebtIssuance | 0.00 | |||
| InvestingCashFlow | -64.90M | -47.10M | -82.90M | -36.40M |
| CashFlowFromContinuingInvestingActivities | -64.90M | -47.20M | -83.00M | -36.40M |
| NetOtherInvestingChanges | 100.00K | 100.00K | 100.00K | -200.00K |
| NetBusinessPurchaseAndSale | 0.00 | |||
| PurchaseOfBusiness | 0.00 | |||
| NetIntangiblesPurchaseAndSale | -4.50M | -4.40M | -22.70M | -11.60M |
| PurchaseOfIntangibles | -4.50M | -4.40M | -22.70M | -11.60M |
| NetPPEPurchaseAndSale | -60.50M | -42.80M | -60.30M | -24.60M |
| PurchaseOfPPE | -60.50M | -42.80M | -60.30M | -24.60M |
| OperatingCashFlow | 510.60M | 232.10M | -227.00M | 16.90M |
| CashFlowFromContinuingOperatingActivities | 510.70M | 232.20M | -227.00M | 16.90M |
| TaxesRefundPaid | -41.20M | -28.60M | -31.00M | -4.40M |
| InterestReceivedCFO | 22.50M | 11.00M | 5.60M | 0.00 |
| ChangeInWorkingCapital | 141.80M | -7.80M | -353.40M | -66.40M |
| ChangeInOtherWorkingCapital | 95.70M | 93.40M | -67.60M | 8.10M |
| ChangeInPayablesAndAccruedExpense | 104.00M | -44.30M | 65.80M | 4.30M |
| ChangeInPayable | 104.00M | -44.30M | 65.80M | 4.30M |
| ChangeInAccountPayable | 104.00M | -44.30M | 65.80M | 4.30M |
| ChangeInInventory | -27.80M | -10.00M | -273.00M | -31.80M |
| ChangeInReceivables | -30.10M | -46.90M | -78.60M | -47.00M |
| ChangesInAccountReceivables | -30.10M | -46.90M | -78.60M | -47.00M |
| OtherNonCashItems | -7.30M | -4.60M | -800.00K | 2.80M |
| StockBasedCompensation | 57.50M | 27.30M | 38.30M | 192.40M |
| ProvisionandWriteOffofAssets | 18.00M | 4.80M | -7.40M | 4.40M |
| DeferredTax | 37.40M | -10.50M | 20.20M | 10.60M |
| DeferredIncomeTax | 37.40M | -10.50M | 20.20M | 10.60M |
| DepreciationAmortizationDepletion | 104.60M | 64.90M | 46.40M | 31.40M |
| DepreciationAndAmortization | 104.60M | 64.90M | 46.40M | 31.40M |
| AmortizationCashFlow | 10.10M | |||
| AmortizationOfIntangibles | 10.10M | |||
| Depreciation | 54.80M | |||
| OperatingGainsLosses | -65.00M | 96.00M | -2.60M | 16.30M |
| PensionAndEmployeeBenefitExpense | 5.20M | -7.50M | 4.80M | 1.10M |
| NetForeignCurrencyExchangeGainLoss | -70.90M | 102.90M | -8.30M | 15.20M |
| NetIncomeFromContinuingOperations | 242.30M | 79.60M | 57.70M | -170.20M |
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 | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|