ONONNYSERubber & Plastics FootwearFiscal year ends December 31
On Holding AG
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Mar 3, 2026
$35.41+0.66 (+1.90%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
62.8%+8.5 pts over 5 years
Operating margin
12.5%+16.5 pts over 5 years
Net margin
6.8%+13.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +30.0% | +35.1% | +47.9% | – | |
| Gross profit | +34.7% | +40.4% | +52.3% | – | |
| Operating income | +78.2% | +64.2% | – | – | |
| Net income | -15.9% | +52.3% | – | – | |
| Free cash flow | -36.3% | – | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | – | – | 7.8% | |
| Current ratio | – | 3.27 | 2.71 | |
| Interest coverage | 8.2× | -19.0× | 12.7× | |
| Inventory turnover | – | – | 2.7× | |
| Capex to revenue | 2.8% | 2.6% | 2.4% |
Where the cash went
Fiscal 2021 to 2025, five years combined
On generated CHF 1.35B from operations and spent CHF 261.10M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
CHF 1.35B
Used
CHF 261.10M
Capital expenditureCHF 261.10M100%DividendsCHF 00%Share buybacksCHF 00%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zeroCHF 203.70M
- Cash generatingOperating cash flow above zeroCHF 359.50M
- Return on assets improvedROA up on the prior year15.2% → 8.6%
- Earnings backed by cashOperating cash flow above net incomeCHF 359.50M vs CHF 203.70M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.66 → 2.71
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year60.63% → 62.83%
- More efficientAsset turnover rose1.46 → 1.27