NVDA+2.54%AAPL+1.32%GOOGL−1.62%MSFT+0.20%AMZN−0.10%TSM+1.60%SPCX+7.79%META+0.47%
StockVS

NYSE · Footwear & Accessories · USD

On Holding AG (ONON) Stock Analysis

On Holding AG (ONON) is a Footwear & Accessories stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

ONON

$34.22

−$1.20 (−3.39%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare ONON with… →

ONON Key Statistics

As of Oct 21, 2026
Trading
Open
$35.14
Previous Close
$35.42
Day's Range
34.02–35.31
52-Week Range
26.37–51.08
Volume
7.09M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.08
Valuation
Market Cap
$11.44B
P/E Ratio
22.81
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
16.61
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.57
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.55
EPS (ttm)Profit attributable to each share over the last twelve months.
1.50
Financials (FY)
Revenue (FY)
$3.01B+30.01%
Net Income (FY)
$203.70M−15.93%
Profit marginThe share of revenue left as profit after all costs and taxes.
12.30%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
301.72M
1-Year Return
−20.25%
Dividend and dates
Earnings Date
November 11, 2026estimated
Avg Volume
9.57M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, ONON closed at $34.22, −20.25% over 1 year.

On Holding AG (ONON) has a market capitalization of $11.44B.

In fiscal 2025, ONON reported revenue of $3.01B.

ONON Stock Return by Calendar Year

On Holding AG (ONON) return since Sep 2021: what $10,000 became

1 year
$10,000 $7,975
−20.25%
5 years
$10,000 $10,151
+1.51%
Since Sep 2021
$10,000 $9,777
−2.23%

If you had invested $10,000 in On Holding AG (ONON) at the close on September 15, 2021, the earliest close on record here, it would have been worth $9,777 at the close on October 21, 2026: −2.23% in total, −0.44% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−26.38%
2025−15.14%
2024+103.08%
2023+57.17%
2022−54.62%
2021 (partial year)+8.03%

As of October 21, 2026.

ONON Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$3.01B$203.70M6.8%
2024$2.32B$242.30M10.5%
2023$1.79B$79.60M4.4%
2022$1.22B$57.70M4.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$3.01B$1.89B$377.00M$203.70M6.8%
2024$2.32B$1.41B$211.50M$242.30M10.5%
2023$1.79B$1.07B$180.20M$79.60M4.4%
2022$1.22B$684.90M$85.10M$57.70M4.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

ONON Valuation vs Footwear & Accessories Median

Median of 14 stocks
MetricONONFootwear & Accessories medianvs median
P/E22.8115.3948% above
P/S ratio3.551.023.5x the median
Profit margin12.30%5.63%6.7 pts above

Medians across 14 Footwear & Accessories stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values On Holding AG (ONON) at $11.44B. It is classified in the Footwear & Accessories industry, within the Consumer Cyclical sector. Headcount on file is 3,963.

ONON last closed at $34.22 on October 21, 2026. That is −$1.20 (−3.39%) against the previous close. Over the past 52 weeks the price has ranged from $26.37 to $51.08. The latest close sits 29.79% above that 52-week low.

Financial Health

In fiscal 2025, On Holding AG reported revenue of $3.01B. That is +30.01% against the prior fiscal year, when revenue was $2.32B. The same year closed with net income of $203.70M. That is −15.93% against the prior fiscal year. Profit margin runs at 12.3%. That is 6.7 percentage points above the Footwear & Accessories median of 5.63%. Trailing earnings per share are 1.5.

Across the 4 fiscal years on file, revenue moves from $1.22B in 2022 to $3.01B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

ONON trades at a trailing price-to-earnings ratio of 22.81. That is 48.21% above the Footwear & Accessories median of 15.39. On forward earnings the ratio is 16.61. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.57. Measured against sales, the shares trade at 3.55 times revenue. On price-to-sales that is 3.5 times the Footwear & Accessories median of 1.02. 14 Footwear & Accessories companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −20.25%. Across 5 years the annualized return works out at +0.30%. Beta against the wider market is reported at 2.08. Daily returns over the trailing 5 years annualize to a volatility of 56.4%.

Growth & Income

No dividend is on file for ONON.

2026 is still running; the total return is −26.38% year to date. Across the complete calendar years on file, 2024 returned +103.08% and 2022 returned −54.62%. Of the 4 complete calendar years on file, 2 finished higher.

Peer Comparison

On Holding AG (ONON) operates in the Footwear & Accessories industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
On Holding AG ONON $11.44B 22.8
NIKE, Inc. NKE $55.74B 18.0
Deckers Outdoor Corporation DECK $11.64B 12.1
Crocs, Inc. CROX $5.68B 10.4

The Footwear & Accessories industry average P/E ratio is 15.4x. On Holding AG trades at a P/E of 22.8.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Footwear & Accessories Stocks

NKE

NIKE, Inc.

$55.74B

 DECK

Deckers Outdoor Corporation

$11.64B

 CROX

Crocs, Inc.

$5.68B

 BIRK

Birkenstock Holding plc

$5.41B

 SHOO

Steven Madden, Ltd.

$3.27B

 WWW

Wolverine World Wide, Inc.

$1.65B
View all Footwear & Accessories stocks →

Popular Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

$2.83T

 TSLA

Tesla, Inc.

$1.53T

 HD

The Home Depot, Inc.

$313.41B

 BABA

Alibaba Group Holding Limited

$270.19B

 TM

Toyota Motor Corporation

$229.51B
View all Consumer Cyclical stocks →

About On Holding AG

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.

Visit website →