Consumer Cyclical
On Holding AG(ONON)
Live Price
Offline$38.58
-1.61% today
1Y Change
-26.73%
Window
Jun 25, 2025 β Jun 17, 2026
- Market Cap
- $8.94B
- Revenue Growth
- +24.2%
- EPS Growth
- -16.9%
- Dividend Yield
- 0.0%
Coverage: 246 bars Β· Jun 25, 2025 β Jun 17, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
On Holding AG (ONON) is a Consumer Cyclical stock with a market cap of $8.94B and listed on NYSE. The stock last traded around $38.58 and down 26.7% across the available one-year price window (Jun 25, 2025 β Jun 17, 2026). Baseline metrics include revenue growth of +24.2%, EPS growth of -16.9%, a dividend yield of 0.0%. What stands out right now is revenue +24.2%, EPS -16.9%, free cash flow -43.2% with operating margin 12.5% and ROIC 16.6%. Valuation already assumes a fairly strong business story at P/E 43.9 and price/sales 3.0. Overall, the current profile looks closer to a higher-growth but lower-margin setup than a generic broad-market placeholder. Stock Foundry combines ONON price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Consumer Cyclical peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+24.2% vs +7.5% peer median
Operating Margin
Above sector median
+12.5% vs +8.4% peer median
P/E
Above sector median
43.9 vs 18.1 peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on May 12, 2026, but the surprise data is still limited.
The operating picture looks softer than before
Revenue is at +24.2% and EPS is at -16.9%, with operating margin around 12.5%.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +2.7% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS Ξ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 12, 2026 | β | +4.6% | +10.4% | +12.3% |
2026 Mar 3, 2026 | +19.2% | -1.5% | -6.6% | -22.5% |
2025 Nov 12, 2025 | +53.7% | +2.1% | +4.3% | +19.2% |
Benchmark Edge
ONON vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
ONON
β
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
ONON Max Drawdown
-41.35%
Trailing 1Y
SPY Max Drawdown
β
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for ONON and SPY.
Company Overview
On Holding AG
New York Stock Exchange
On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.
- Leadership
- Martin Hoffmann
- IPO Date
- Sep 15, 2021
- Employees
- 3.3k
- Street Address
- Pfingstweidstrasse 106
- Mailing
- Zurich, 8005
- Region
- Zurich, CH
- Reporting Currency
- USD
- Investor Line
- 41 44 225 15 55
- Last Updated
- May 3, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 43.9
- EV/EBITDA
- 23.3
- Price/Sales
- 3.0
- Price/Book
- 5.5
Growth
- Revenue
- +24.2%
- EPS
- -16.9%
- Free Cash Flow
- -43.2%
Profitability
- Gross Margin
- 62.8%
- Operating Margin
- 12.5%
- Net Margin
- 6.8%
- ROE
- 13.5%
- ROIC
- 16.6%
Balance Sheet
- Debt/Equity
- 0.36
- Current Ratio
- 2.71
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.