On Holding AG (ONON)

NYSE: ONON · Real-Time Price · USD

32.22

+0.63 (1.99%)

At close: Aug 14, 2026, 4:00 PM EDT

32.23

+0.01 (0.03%)

After-hours: Aug 14, 2026, 7:59 PM EDT

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
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

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

SEC Filings: 10-K · 10-Q