On Holding AG (ONON) stock
Close on Nov 12, 2026Market cap $9.82BP/E –Yield –
On Holding AG grew revenue 30.0% to CHF 3.01B over fiscal 2025. Operating income rose 78.2% to CHF 377.00M, moving the operating margin from 9.1% to 12.5%. Free cash flow was CHF 286.60M, down 36.3% from a year earlier. At the latest close the market valued the company at CHF 8.04B.
Key statistics
Valuation at the latest close; fundamentals over fiscal 2025, balances at Jun 30, 2026
Valuation
- Market cap
- CHF 8.04B
- P/E ratio
- –
- Price to sales
- 2.67
- Price to book
- –
- Dividend yield
- –
- Free cash flow yield
- 3.56%
Fundamentals
- Revenue
- CHF 3.01B
- Net income
- CHF 203.70M
- Free cash flow
- CHF 286.60M
Trading
- Previous close
- $34.71
- Open
- $34.51
- Day's range
- $32.87 – $34.51
- Volume
- 11,753,050
- Average volume (20 days)
- 11,547,461
- Beta (5 years)
- 1.71
- RSI (14 days)
- 44.5
- Volatility (1 year)
- 50.1%
- Relative volume
- 1.26×
- WACC
- 13.5%
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | ONON | S&P 500 | Difference | ONON per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -6.4% | -2.7% | −3.8 pts | ||
| 3 months | +6.6% | -1.7% | +8.4 pts | ||
| Year to date | -28.9% | +11.9% | −40.7 pts | ||
| 1 year | -20.3% | +12.0% | −32.3 pts | ||
| 3 years | +22.9% | +78.2% | −55.2 pts | +7.1% | +21.2% |
| 5 years | -11.1% | +73.2% | −84.3 pts | -2.3% | +11.6% |
Seven years at a glance
Fiscal years 2019 to 2025, CHF
Revenue
Gross profit
Operating income
Net income
Free cash flow
Press releases
Releases On filed with the SEC as exhibits to Form 8-K or 6-K
- 6-K
- 6-K
- 6-K
- 6-K
- 6-K
- 6-K
About On
Rubber & Plastics Footwear
On Holding AG is a sportswear company that designs, engineers, and markets athletic footwear, apparel, and accessories. Operating as a single reportable business segment, the company offers performance and lifestyle products tailored for running, outdoor activities, training, and tennis, alongside an all-day collection. Its product portfolio integrates proprietary cushioning and construction innovations such as CloudTec, CloudTec Phase, Helion superfoam, Speedboard, and LightSpray. On serves elite athletes, runners, and everyday active consumers across global markets through two core routes: wholesale arrangements with specialty running, outdoor, general sporting goods, and fashion retailers, and direct-to-consumer operations via its digital platform and brand-owned physical retail locations.
Company profile, executives and historyOn stock: common questions
What is On's stock price?
ONON closed at $33.07 on Nov 12, 2026, down 4.72% on the day.
What is On's market cap?
On was worth $9.82B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
How much revenue does On make?
On reported revenue of CHF 3.01B for fiscal 2025, up 30.0% from a year earlier.
Does On pay a dividend?
No. On has not paid a cash dividend over the last twelve months.
How has ONON stock performed over the past year?
Including dividends, ONON returned -20.3% over the past year, against +12.0% for the S&P 500.
Who are On's competitors?
Companies most similar to On by business, industry and size include DECK, CROX, NKE, UAA, COLM.
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