On Holding AG (ONON)
| Market Cap | 9.64B -34.6% |
| Revenue (ttm) | 3.99B +18.5% |
| Net Income | 490.35M +191.5% |
| EPS | 1.47 +188.8% |
| Shares Out | 334.21M |
| PE Ratio | 19.69 |
| Forward PE | 15.58 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,991,095 |
| Open | 29.21 |
| Previous Close | 28.95 |
| Day's Range | 28.85 - 29.50 |
| 52-Week Range | 28.55 - 51.08 |
| Beta | 2.12 |
| Analysts | Buy |
| Price Target | 45.07 (+56.22%) |
| Earnings Date | Aug 11, 2026 |
About ONON
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 spe... [Read more]
Financial Performance
In 2025, On Holding AG's revenue was 3.01 billion, an increase of 30.01% compared to the previous year's 2.32 billion. Earnings were 203.70 million, a decrease of -15.93%.
Financial numbers in CHF Financial StatementsAnalyst Summary
According to 28 analysts, the average rating for ONON stock is "Buy." The 12-month stock price target is $45.07, which is an increase of 56.22% from the latest price.
News
Nike selloff in sympathy with Dick’s looks like an entry point, says Jefferies
Jefferies notes that Dick’s Sporting Goods (DKS) executive chairman Ed Stack listed Nike (NKE), Adidas (ADDYY), On (ONON) and HOKA (DECK) as brands in the reset, but when he pivoted…
On Holding price target lowered to $42 from $46 at Barclays
Barclays analyst Adrienne Yih lowered the firm’s price target on On Holding (ONON) to $42 from $46 and keeps an Overweight rating on the shares post the Q2 report. On…
On Holding downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded On Holding (ONON) to Outperform from Strong Buy with a price target of $38, down from $52. The firm cites the company’s Q2 revenue miss and guide…
On Holding price target lowered to $55 from $70 at Baird
Baird lowered the firm’s price target on On Holding (ONON) to $55 from $70 and keeps an Outperform rating on the shares. The firm updated its model following Q2 results…
On Holding price target lowered to $41 from $60 at Stifel
Stifel lowered the firm’s price target on On Holding (ONON) to $41 from $60 and keeps a Buy rating on the shares. Following the quarterly report, the firm cut its…
On Holding price target lowered to $55 from $60 at Citi
Citi lowered the firm’s price target on On Holding (ONON) to $55 from $60 and keeps a Buy rating on the shares. The company reported a Q2 sales miss and…
On Holding price target lowered to $73 from $83 at UBS
UBS lowered the firm’s price target on On Holding (ONON) to $73 from $83 and keeps a Buy rating on the shares. On’s Q2 pullback appears driven by temporary industry…
On Holding price target lowered to $46 from $52 at BofA
BofA analyst Thierry Cota lowered the firm’s price target on On Holding (ONON) to $46 from $52 and keeps a Buy rating on the shares. Q2 call comments are similar…
On Holding price target lowered to $40 from $46 at Evercore ISI
Evercore ISI analyst Michael Binetti lowered the firm’s price target on On Holding (ONON) to $40 from $46 and keeps an Outperform rating on the shares.
On Holding price target lowered to $42 from $46 at Goldman Sachs
Goldman Sachs lowered the firm’s price target on On Holding (ONON) to $42 from $46 and keeps a Buy rating on the shares. On’s Q2 results highlight disciplined protection of…
On Holding price target lowered to $62 from $70 at Bernstein
Bernstein analyst Aneesha Sherman lowered the firm’s price target on On Holding (ONON) to $62 from $70 and keeps an Outperform rating on the shares. Despite an in-line Q2, weak…
On Holding price target lowered to $40 from $48 at Truist
Truist lowered the firm’s price target on On Holding (ONON) to $40 from $48 and keeps a Buy rating on the shares. The company lowered its FY26 topline outlook as…
On Holding price target lowered to $43 from $51 at Telsey Advisory
Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on On Holding (ONON) to $43 from $51 and keeps an Outperform rating on the shares. While the company is…
Why a Premium Sneaker Brand Just Throttled Wholesale Growth
The Swiss maker of On sneakers says it is so committed to building higher-margin, direct-to-consumer sales that it intentionally limited some wholesale shipments during its latest quarter.
On Holding Stock (ONON) Plunges After Q2 Miss and Downgrade Spark Growth Concerns
On Holding ($ONON) stock tanked 22% on Tuesday after its second-quarter earnings report raised concerns about demand trends in the apparel and footwear space. The company reported a Q2 revenue…
On Holding price target lowered to $40 from $48 at Truist
Truist analyst Joseph Civello lowered the firm’s price target on On Holding (ONON) to $40 from $48 and keeps a Buy rating on the shares. The firm notes the company…
On Holding price target lowered to $20 from $24 at Jefferies
Jefferies lowered the firm’s price target on On Holding (ONON) to $20 from $24 and keeps an Underperform rating on the shares. The Q2 miss and revenue guide moderation reinforce…
On Holding price target lowered to $32 from $38 at Williams Trading
Williams Trading analyst Sam Poser lowered the firm’s price target on On Holding (ONON) to $32 from $38 and keeps a Hold rating on the shares.
On shares tumble 19% after sportswear brand misses quarterly net sales estimates
On Holding's quarterly revenue fell short of Wall Street expectations, triggering a sharp sell-off in its shares, as higher US tariff costs and cautious consumer spending weighed on the premium sports...
On Holding AG Earnings Call Transcript: Q2 2026
Q2 net sales grew 21.6% at constant currency, led by 34% DTC growth and a 65.4% gross margin. Full-year guidance calls for low 20s percent sales growth, at least 65% gross margin, and 19.5%-20% adjusted EBITDA margin, with disciplined wholesale management and strong global expansion.
On Holding AG Earnings release: Q2 2026
On Holding AG released its Q2 2026 earnings on August 11, 2026, summarizing the period's financial results.
On Holding Tempers Outlook as Running-Shoe Sales Underwhelm
On Holding tempered its sales outlook for the year after the running-shoe maker reported lower-than-expected sales in the second quarter.
AST SpaceMobile, Intel, On, Hims, and More Stocks That Explain Today's Market
Stocks looked set to struggle for direction on Tuesday as investors worried about inflation, with hopes of Iran agreeing a deal to reopen the crucial Strait of Hormuz shipping route fading fast.
Here's how much Roger Federer is losing as On Holding says it is being disciplined on price
Apparel maker On Holding saw its shares slump in premarket trade as the Zurich-headquartered, U.S.-listed company guided to weaker-than-expected sales for the year.
Sportswear brand On misses quarterly sales view as consumers cut back
Sportswear brand On , missed Wall Street estimates for second-quarter net sales on Tuesday, signaling pressure from a tougher consumer environment and higher costs from U.S. tariffs.