On Holding AG (ONON)
NYSE: ONON · Real-Time Price · USD
28.21
-0.15 (-0.53%)
Sep 4, 2026, 11:30 AM EDT - Market open
On Holding AG Cash Flow Statement
Financials in millions CHF. Fiscal year is January - December.
Millions CHF. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 396.2 | 203.7 | 242.3 | 79.6 | 57.7 | -170.2 |
Depreciation & Amortization | 134.8 | 122.7 | 98.6 | 64.9 | 41.2 | 26.5 |
Other Amortization | 4 | 4.7 | 6 | - | 5.2 | 4.9 |
Loss (Gain) From Sale of Assets | 3.6 | 3.7 | 0.7 | 0.6 | 0.9 | - |
Stock-Based Compensation | 72.3 | 66.6 | 57.5 | 27.3 | 38.3 | 192.4 |
Other Operating Activities | 3 | 120.8 | -36.3 | 67.5 | -16.9 | 29.7 |
Change in Accounts Receivable | -34.7 | -96.1 | -30.1 | -46.9 | -78.6 | -47 |
Change in Inventory | -102 | -82.4 | -27.8 | -10 | -273 | -31.8 |
Change in Accounts Payable | 43.5 | -9.2 | 104 | -44.3 | 65.8 | 4.3 |
Change in Other Net Operating Assets | 4.7 | 25 | 95.7 | 93.4 | -67.6 | 8.1 |
Operating Cash Flow | 525.4 | 359.5 | 510.6 | 232.1 | -227 | 16.9 |
Operating Cash Flow Growth | 26.24% | -29.59% | 119.99% | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -87.5 | -72.9 | -60.5 | -42.8 | -60.3 | -24.6 |
Sale of Property, Plant & Equipment | -0.1 | - | 0.1 | - | - | - |
Cash Acquisitions | - | - | - | - | - | -0.2 |
Sale (Purchase) of Intangibles | -8.8 | -5.7 | -4.5 | -4.4 | -22.7 | -11.6 |
Other Investing Activities | - | - | - | 0.1 | 0.1 | - |
Investing Cash Flow | -96.4 | -78.6 | -64.9 | -47.1 | -82.9 | -36.4 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Repaid | - | -69.9 | -51.3 | -25.5 | -15.4 | -13.3 |
Lease Payments | -71 | -69.9 | -51.3 | -25.5 | -15.4 | -13.3 |
Net Debt Issued (Repaid) | -71 | -69.9 | -51.3 | -25.5 | -15.4 | -13.3 |
Issuance of Common Stock | 10.2 | 12.9 | 11.1 | 10.1 | 26.4 | 618.8 |
Other Financing Activities | -24 | -21.5 | -15.2 | -6.4 | -4.7 | -9.6 |
Financing Cash Flow | -84.8 | -78.5 | -55.4 | -21.8 | 6.3 | 595.9 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 14.7 | -106.7 | 39.4 | -39.6 | 21.5 | -13.9 |
Miscellaneous Cash Flow Adjustments | 0.2 | - | - | - | - | - |
Net Cash Flow | 359.1 | 95.7 | 429.7 | 123.6 | -282.1 | 562.5 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 437.9 | 286.6 | 450.1 | 189.3 | -287.3 | -7.7 |
Free Cash Flow Growth | 24.37% | -36.33% | 137.77% | - | - | - |
Free Cash Flow Margin | 13.60% | 9.51% | 19.41% | 10.56% | -23.51% | -1.06% |
Free Cash Flow Per Share | 1.31 | 0.86 | 1.37 | 0.59 | -0.90 | -0.03 |
Levered Free Cash Flow | 288.49 | 264.3 | 415.01 | 218.91 | -284.5 | 107.56 |
Unlevered Free Cash Flow | 303.49 | 277.68 | 424.58 | 222.98 | -281.88 | 109.06 |
Free Cash Flow After Leases | 366.9 | 216.7 | 398.8 | 163.8 | -302.7 | -21 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 24.1 | 21.5 | 15.3 | 6.5 | 4.7 | 2.8 |
Cash Income Tax Paid | 57.6 | 64 | 41.2 | 28.6 | 31 | 4.4 |
Change in Working Capital | -88.5 | -162.7 | 141.8 | -7.8 | -353.4 | -66.4 |