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On Holding AG (ONON)

27.99 -0.37 (-1.30%)
At close: September 4 at 4:00:02 PM EDT
28.06 +0.07 (+0.26%)
After hours: September 4 at 7:59:48 PM EDT
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What's happening with ONON?

57m ago
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On Holding (ONON) faces significant challenges as its stock has fallen sharply, reflecting concerns over tariffs, sales growth, and operational efficiency. Despite strong direct-to-consumer sales and improved margins, analysts express caution about the company's near-term outlook.

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  • Previous Close 28.36
  • Open 27.80
  • Bid 28.00 x 60000
  • Ask 28.09 x 70000
  • Day's Range 27.80 - 28.36
  • 52 Week Range 27.56 - 51.08
  • Volume 6,183,139
  • Avg. Volume 6,205,271
  • Market Cap (intraday) 9.355B
  • Beta (5Y Monthly) 2.08
  • PE Ratio (TTM) 19.30
  • EPS (TTM) 1.45
  • Earnings Date (est.) Nov 11, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 44.69

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

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

ONON
39.78%
S&P 500 (^GSPC)
12.75%

1-Year Return

ONON
39.22%
S&P 500 (^GSPC)
18.71%

3-Year Return

ONON
4.24%
S&P 500 (^GSPC)
70.93%

5-Year Return

ONON
20.93%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 850.3M
Earnings 105M
Profit Margin 12.35%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
200M
400M
600M
800M
10.0%
12.0%
14.0%

Analyst Insights

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Analyst Price Targets

19.85 Low
44.69 Average
27.99 Current
73.39 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/12/2026
Analyst Telsey Advisory Group
Rating Action Maintains
Rating Outperform
Price Action Lowers
Price Target 51 -> 43

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    12.30%

  • Return on Assets (ttm)

    9.58%

  • Return on Equity (ttm)

    23.95%

  • Revenue (ttm)

    3.22B

  • Net Income Avi to Common (ttm)

    396.2M

  • Diluted EPS (ttm)

    1.45

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.24B

  • Total Debt/Equity (mrq)

    29.43%

  • Levered Free Cash Flow (ttm)

    288.49M

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