On Holding AG (ONON)
NYSE: ONON · Real-Time Price · USD
35.00
-0.51 (-1.44%)
At close: Nov 7, 2025, 4:00 PM EST
35.19
+0.19 (0.54%)
After-hours: Nov 7, 2025, 7:59 PM EST

On Holding AG Statistics

Total Valuation

On Holding AG has a market cap or net worth of $11.43 billion. The enterprise value is $10.95 billion.

Market Cap11.43B
Enterprise Value 10.95B

Important Dates

The next confirmed earnings date is Wednesday, November 12, 2025, before market open.

Earnings Date Nov 12, 2025
Ex-Dividend Date n/a

Share Statistics

On Holding AG has 326.54 million shares outstanding. The number of shares has increased by 1.90% in one year.

Current Share Class 293.05M
Shares Outstanding 326.54M
Shares Change (YoY) +1.90%
Shares Change (QoQ) +0.14%
Owned by Insiders (%) 26.84%
Owned by Institutions (%) 59.64%
Float 227.41M

Valuation Ratios

The trailing PE ratio is 67.91 and the forward PE ratio is 25.24. On Holding AG's PEG ratio is 1.08.

PE Ratio 67.91
Forward PE 25.24
PS Ratio 3.34
Forward PS 3.44
PB Ratio 6.51
P/TBV Ratio 6.77
P/FCF Ratio 26.14
P/OCF Ratio 21.84
PEG Ratio 1.08
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 25.85, with an EV/FCF ratio of 25.05.

EV / Earnings 64.10
EV / Sales 3.20
EV / EBITDA 25.85
EV / EBIT 29.55
EV / FCF 25.05

Financial Position

The company has a current ratio of 2.53, with a Debt / Equity ratio of 0.36.

Current Ratio 2.53
Quick Ratio 1.85
Debt / Equity 0.36
Debt / EBITDA 1.23
Debt / FCF 1.43
Interest Coverage 16.47

Financial Efficiency

Return on equity (ROE) is 10.34% and return on invested capital (ROIC) is 10.63%.

Return on Equity (ROE) 10.34%
Return on Assets (ROA) 8.03%
Return on Invested Capital (ROIC) 10.63%
Return on Capital Employed (ROCE) 15.87%
Revenue Per Employee $1.05M
Profits Per Employee $52,515
Employee Count3,254
Asset Turnover 1.18
Inventory Turnover 2.78

Taxes

In the past 12 months, On Holding AG has paid $2.39 million in taxes.

Income Tax 2.39M
Effective Tax Rate 1.38%

Stock Price Statistics

The stock price has decreased by -26.42% in the last 52 weeks. The beta is 2.18, so On Holding AG's price volatility has been higher than the market average.

Beta (5Y) 2.18
52-Week Price Change -26.42%
50-Day Moving Average 42.22
200-Day Moving Average 48.52
Relative Strength Index (RSI) 26.12
Average Volume (20 Days) 6,102,565

Short Selling Information

The latest short interest is 14.73 million, so 4.51% of the outstanding shares have been sold short.

Short Interest 14.73M
Short Previous Month 14.15M
Short % of Shares Out 4.51%
Short % of Float 6.48%
Short Ratio (days to cover) 2.71

Income Statement

In the last 12 months, On Holding AG had revenue of $3.42 billion and earned $170.88 million in profits. Earnings per share was $0.52.

Revenue3.42B
Gross Profit 2.09B
Operating Income 370.69M
Pretax Income 173.27M
Net Income 170.88M
EBITDA 423.75M
EBIT 370.69M
Earnings Per Share (EPS) $0.52
Full Income Statement

Balance Sheet

The company has $1.10 billion in cash and $625.94 million in debt, giving a net cash position of $475.81 million or $1.46 per share.

Cash & Cash Equivalents 1.10B
Total Debt 625.94M
Net Cash 475.81M
Net Cash Per Share $1.46
Equity (Book Value) 1.76B
Book Value Per Share 5.38
Working Capital 1.32B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $523.34 million and capital expenditures -$80.60 million, giving a free cash flow of $437.18 million.

Operating Cash Flow 523.34M
Capital Expenditures -80.60M
Free Cash Flow 437.18M
FCF Per Share $1.34
Full Cash Flow Statement

Margins

Gross margin is 61.00%, with operating and profit margins of 10.85% and 5.00%.

Gross Margin 61.00%
Operating Margin 10.85%
Pretax Margin 5.07%
Profit Margin 5.00%
EBITDA Margin 12.40%
EBIT Margin 10.85%
FCF Margin 12.79%

Dividends & Yields

On Holding AG does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -1.90%
Shareholder Yield -1.90%
Earnings Yield 1.50%
FCF Yield 3.83%
Dividend Details

Analyst Forecast

The average price target for On Holding AG is $63.68, which is 81.94% higher than the current price. The consensus rating is "Strong Buy".

Price Target $63.68
Price Target Difference 81.94%
Analyst Consensus Strong Buy
Analyst Count 19
Revenue Growth Forecast (5Y) 22.29%
EPS Growth Forecast (5Y) 30.53%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value n/a
Lynch Upside n/a
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

On Holding AG has an Altman Z-Score of 9.34 and a Piotroski F-Score of 6.

Altman Z-Score 9.34
Piotroski F-Score 6