On Holding AG (ONON)

On Holding AG Cash Flow Statement

Financials in millions CHF. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	250.3	203.7	242.3	79.6	57.7	-170.2
Depreciation & Amortization	134.7	127.4	104.6	64.9	46.4	31.4
Stock-Based Compensation	71.2	66.6	57.5	27.3	38.3	192.4
Other Adjustments	143.6	166.3	-34.8	81	16.8	29.7
Change in Receivables	-63.9	-96.1	-30.1	-46.9	-78.6	-47
Changes in Inventories	-69.2	-82.4	-27.8	-10	-273	-31.8
Changes in Accounts Payable	-7.7	-9.2	104	-44.3	65.8	4.3
Changes in Accrued Expenses	-4.2	-7.8	18	4.8	-7.4	4.4
Changes in Income Taxes Payable	-67.7	-64	-41.2	-28.6	-31	-4.4
Changes in Other Operating Activities	13.7	55.1	118.2	104.4	-62	8.1
Operating Cash Flow	400.7	359.5	510.6	232.1	-227	16.9
Operating Cash Flow Growth	-4.02%	-29.59%	119.99%	-	-	-
Capital Expenditures	-78.3	-72.9	-60.5	-42.8	-60.3	-24.6
Sale of Property, Plant & Equipment	-0.05	-	0.1	-	-	-
Purchases of Intangible Assets	-6.9	-5.7	-4.5	-4.4	-22.7	-11.6
Payments for Business Acquisitions	-	-	-	-	-	-0.2
Investing Cash Flow	-85.2	-78.6	-64.9	-47.1	-82.9	-36.4
Long-Term Debt Repaid	-71.6	-69.9	-51.3	-25.5	-15.4	-13.3
Net Long-Term Debt Issued (Repaid)	-71.6	-69.9	-51.3	-25.5	-15.4	-13.3
Issuance of Common Stock	7.3	12.9	11.1	10.1	26.4	618.8
Net Common Stock Issued (Repurchased)	7.3	12.9	11.1	10.1	26.4	618.8
Other Financing Activities	-23.5	-21.5	-15.3	-6.5	-4.7	-9.6
Financing Cash Flow	-87.4	-78.5	-55.4	-21.8	6.3	595.9
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-79.8	-106.7	39.4	-39.6	21.5	-13.9
Net Cash Flow	228.2	202.2	390.4	163.2	-303.6	576.4
Free Cash Flow	322.4	286.6	450.1	189.3	-287.3	-7.7
Free Cash Flow Growth	12.49%	-36.33%	137.77%	-	-	-
FCF Margin	10.34%	9.51%	19.42%	10.56%	-23.51%	-1.06%
Free Cash Flow Per Share	1.05	0.96	1.54	0.66	-1.01	-0.03
Levered Free Cash Flow	100.1	80	406.3	102.5	-279.2	-196.1
Unlevered Free Cash Flow	327.19	320.44	398.6	255.98	-258.47	-163.07

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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