On Holding Ltd (ONON)
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 36.20 $ — 23% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
–Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built
Growth Score
9 of 10 Growth gemTen checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 33.0% passed
- More than 10% revenue growth is expected for the coming year 20.2% passed
- Share count grows by less than 3% a year 1.5% passed
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 33.0% failed
- Gross margin at 40% or higher and without meaningful erosion 62.8% passed
- Goodwill from acquisitions does not grow faster than revenue 0.1% passed
- Net debt below twice EBITDA 439 m net cash passed
- Operating cash flow covers the profits of the last three years 549 m passed
- Return on capital at 15% or higher, or up versus two years ago 17.0% passed
- Insiders hold at least 10% or are net buyers 23.7% passed
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 45.0% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 30
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.41 | 1.35 – 1.52 | 3,559 | 76.8% | 20 |
| 12/31/2027 | 1.74 | 1.55 – 1.93 | 4,285 | 22.8% | 20 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 0.38 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.26 | – | 607 | 35.70 | 14.80 | 169 | 149 |
| 2025: Q1 | 0.17 | -40.20 | 727 | 43.00 | 7.80 | -12 | -24 |
| 2025: Q2 | -0.12 | -228.30 | 749 | 32.00 | -5.50 | 101 | 84 |
| 2025: Q3 | 0.36 | 295.60 | 794 | 24.90 | 15.00 | 157 | 137 |
| 2025: Q4 | 0.21 | -22.40 | 738 | 21.70 | 9.30 | 107 | 80 |
| 2026: Q1 | 0.31 | 88.10 | 851 | 17.00 | 12.40 | 24 | 7 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2019 | 267 | 6 | -1 | 0.00 | -5 | 64 | 144 |
| 2020 | 425 | -17 | -28 | -0.09 | -15 | 245 | 383 |
| 2021 | 725 | -141 | -170 | -0.55 | 17 | 848 | 1,237 |
| 2022 | 1,222 | 85 | 58 | 0.18 | -227 | 970 | 1,382 |
| 2023 | 1,792 | 180 | 80 | 0.25 | 232 | 1,075 | 1,593 |
| 2024 | 2,318 | 212 | 242 | 0.72 | 511 | 1,392 | 2,377 |
| 2025 | 2,879 | 360 | 195 | 0.58 | 323 | 1,634 | 2,839 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
About the Company
On Holding AG entwickelt und vertreibt mit ihren Tochtergesellschaften Performance-Sportprodukte unter der Marke On in der Schweiz, dem übrigen Europa, dem Nahen Osten, Afrika, den USA, dem übrigen Amerika und dem asiatisch-pazifischen Raum. Das Unternehmen bietet Sportschuhe, Bekleidung und Accessoires an.
| Employees | 3,963 |
|---|---|
| Headquarters | Zurich, Switzerland |
| Address | FOerrlibuckstrasse 190, 8005 Zurich, Switzerland |
| Phone | 41 44 225 15 55 |
| Website | on.com |
| IPO Date | 15. Sep 2021 |
| ISIN | CH1134540470 |
Management
| Name | Title | Birth Year |
|---|---|---|
| David Allemann | Co-Founder, Co-CEO & Executive Co-Chairman | 1971 |
| Caspar Coppetti | Co-Founder, Co-CEO & Executive Co-Chairman | 1977 |
| Scott Maguire | President & COO | – |
| Olivier Bernhard | Co-Founder & Executive Director | 1969 |
| Frank Sluis | Chief Financial Officer | – |
| Narek Verdian | Chief Technology Officer | – |
| Liv Radlinger | Head of Investor Relations | – |
| Julie Pender | General Counsel & Company Secretary | – |
| Alex Griffin | Chief Marketing Officer | – |
| Katarina Berg | Chief Human Resources Officer | 1968 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 20. Apr 2026 | Martin Hoffmann | CEO | Sell | 4,150 | 36.56 | 151,724 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.