On Holding AG logo

On Holding AG

ONON

NYSEConsumer CyclicalApparel - Footwear & Accessories

Regular session

$29.78

−$0.24 · -0.80%

Aug 24, 10:11 AM ET

ONON company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

50

Fair Value

Momentum

42

Neutral

Sentiment

63

Bullish

Risk resilience

45

Elevated Risk

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Company profile

Company website

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.

Industry
Apparel - Footwear & Accessories
Sector
Consumer Cyclical
Headquarters
CH
CEO
David Allemann
Listed since
Sep 15, 2021
Employees
3,963

Market position

Day range

Current $29.78

52-week range

Current $29.78

Open
$30.00
Previous close
$30.02
Volume
789.28K
0.13× average
Average volume
6.14M
Average daily volume
Market cap
9.93B USD
Beta
2.12
Market reference 1
50-day average
$36.1012
-17.51% below average
200-day average
$40.0707
-25.68% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.71B CHF
P/E (TTM)
19.92×
P/B (TTM)
4.18×
P/S (TTM)
2.46×
EV / EBITDA
33.85×
Earnings yield
1.60%
Free cash flow yield
2.08%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
64.82%
Operating margin
13.79%
Net margin
12.31%
Return on equity
11.90%
Return on assets
6.85%
Return on invested capital
15.88%

Financial health

Debt / equity
0.29×
Current ratio
2.71×
Altman Z-score
5.9
Piotroski F-score
7 of 9

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+2.92%
11 comparable reports
Latest EPS result
0.44
Estimate 0.42 · Beat by 4.69%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.550.310.08-0.16Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual 0.38, estimate 0.199, surprise +90.76%, Beat. Q2 2025, reported May 13, 2025: actual 0.23, estimate 0.23, surprise +0.22%, Beat. Q3 2025, reported Aug 12, 2025: actual -0.11, estimate 0.241, surprise -145.62%, Miss. Q4 2025, reported Nov 12, 2025: actual 0.5, estimate 0.325, surprise +53.66%, Beat. Q1 2026, reported Mar 3, 2026: actual 0.31, estimate 0.26, surprise +19.23%, Beat. Q2 2026, reported May 12, 2026: actual 0.47, estimate 0.337, surprise +39.59%, Beat. Q3 2026, reported Aug 11, 2026: actual 0.44, estimate 0.42, surprise +4.69%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 0.47, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.21B1.01B806.84M607.28MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual 667.92M USD, estimate 653.67M USD, surprise +2.18%, Beat. Q2 2025, reported May 13, 2025: actual 853.21M USD, estimate 768.9M USD, surprise +10.97%, Beat. Q3 2025, reported Aug 12, 2025: actual 942.89M USD, estimate 885.91M USD, surprise +6.43%, Beat. Q4 2025, reported Nov 12, 2025: actual 998.59M USD, estimate 957.03M USD, surprise +4.34%, Beat. Q1 2026, reported Mar 3, 2026: actual 938.23M USD, estimate 916.12M USD, surprise +2.41%, Beat. Q2 2026, reported May 12, 2026: actual 1.04B USD, estimate 1.03B USD, surprise +1.27%, Beat. Q3 2026, reported Aug 11, 2026: actual 1.05B USD, estimate 1.08B USD, surprise -3.03%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 1.16B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$46.62

56.55% upside
Past 12 months12-month forecastHigh $82.00Average $46.62Low $20.00

Rating distribution

26 ratings
Strong buy00%
Buy2077%
Hold519%
Sell14%
Strong sell00%

ETFs holding ONON

Funds reporting this stock among their holdings, ordered by reported position size.

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