NYSE - Delayed Quote USD

On Holding AG (ONON)

35.24 -0.41 (-1.15%)
At close: May 8 at 4:00:02 PM EDT
35.21 -0.03 (-0.09%)
After hours: May 8 at 7:51:38 PM EDT
Trade ONON on Coinbase
ONON Q1 2026 earnings call
May 12, 2026 at 8 AM EDT
Chart Range Bar
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  • Previous Close 35.65
  • Open 35.65
  • Bid 35.18 x 100000
  • Ask 35.67 x 20000
  • Day's Range 34.82 - 35.75
  • 52 Week Range 31.41 - 61.29
  • Volume 6,083,669
  • Avg. Volume 6,378,549
  • Market Cap (intraday) 11.664B
  • Beta (5Y Monthly) 2.09
  • PE Ratio (TTM) 45.18
  • EPS (TTM) 0.78
  • Earnings Date May 12, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 56.85

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

www.on.com

3,963

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview: ONON

Trailing total returns as of 5/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

ONON
24.18%
S&P 500 (^GSPC)
8.08%

1-Year Return

ONON
29.12%
S&P 500 (^GSPC)
30.63%

3-Year Return

ONON
2.53%
S&P 500 (^GSPC)
78.80%

5-Year Return

ONON
0.45%
S&P 500 (^GSPC)
74.81%

Earnings Trends: ONON

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY25
Revenue 743.8M
Earnings 83.5M

Q1

FY25

Q2

FY25

Q3

FY25

Q4

FY25

0
200M
400M
600M
 

Analyst Insights: ONON

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Analyst Price Targets

24.10 Low
56.85 Average
35.24 Current
86.82 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 3/25/2026
Analyst Telsey Advisory Group
Rating Action Maintains
Rating Outperform
Price Action Lowers
Price Target 65 -> 60
 

Statistics: ONON

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Valuation Measures

Annual
As of 5/8/2026
  • Market Cap

    11.66B

  • Enterprise Value

    10.95B

  • Trailing P/E

    45.00

  • Forward P/E

    23.53

  • PEG Ratio (5yr expected)

    0.79

  • Price/Sales (ttm)

    5.92

  • Price/Book (mrq)

    5.57

  • Enterprise Value/Revenue

    2.84

  • Enterprise Value/EBITDA

    24.11

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    6.76%

  • Return on Assets (ttm)

    9.03%

  • Return on Equity (ttm)

    13.47%

  • Revenue (ttm)

    3.01B

  • Net Income Avi to Common (ttm)

    203.7M

  • Diluted EPS (ttm)

    0.78

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.06B

  • Total Debt/Equity (mrq)

    31.95%

  • Levered Free Cash Flow (ttm)

    264.3M

Compare To: ONON

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Company Insights: ONON

Fair Value

35.24 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports: ONON

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  • On Holding: Management Reshuffle Creates Uncertainty, but Transition Should Be Smooth; Shares Cheap

    Founded in Switzerland in 2010, sportswear firm On Holding generates 93% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of sales) and accessories (1%). The firm’s merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.

    Rating
    Price Target
     
  • On Holding: Management Reshuffle Creates Uncertainty, but Transition Should Be Smooth; Shares Cheap

    Founded in Switzerland in 2010, sportswear firm On Holding generates 93% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of sales) and accessories (1%). The firm’s merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.

    Rating
    Price Target
     
  • On Has Achieved a Brand-Based Competitive Edge by Offering Innovative and Stylish Footwear

    Founded in Switzerland in 2010, sportswear firm On Holding generates 93% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of sales) and accessories (1%). The firm’s merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.

    Rating
    Price Target
     
  • On Holding Earnings: Strong Growth With Premium Positioning Maintained; 2026 Outlook Solid

    Founded in Switzerland in 2010, sportswear firm On Holding AG generates about 93% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of sales) and accessories (1%). The firm’s merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated about 57% of its sales in North America, 26% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.

    Rating
    Price Target
     

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