On Holding AG develops and distributes sports products worldwide. The company is headquartered in Zurich, Switzerland.
| Revenue (TTM) | $3.22B |
| Gross Profit (TTM) | $2.09B |
| EBITDA | $490.40M |
| Operating Margin | 14.00% |
| Return on Equity | 23.90% |
| Return on Assets | 9.58% |
| Revenue/Share (TTM) | $9.71 |
| Book Value | $6.94 |
| Price-to-Book | 5.38 |
| Price-to-Sales (TTM) | 3.90 |
| EV/Revenue | 2.965 |
| EV/EBITDA | 16.08 |
| Quarterly Earnings Growth (YoY) | 81.10% |
| Quarterly Revenue Growth (YoY) | 13.50% |
| Shares Outstanding | $301.72M |
| Float | $248.72M |
| % Insiders | 24.22% |
| % Institutions | 73.28% |
Volatility is currently expanding
On Holding (ONON) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On Holding (ONON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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On Holding AG earns a Buy rating, supported by premium brand positioning, robust DTC growth, and expanding product categories. ONON delivered Q2 FY2026 gross margin of 65.4% and 21.6% constant-currency sales growth, with DTC up 34.3% and apparel/accessories outpacing footwear. Management targets high-teens constant-currency sales growth through 2029, a gross margin of 65%+, and an adjusted EBITDA margin above 22%, underpinned by innovation and channel mix.
Monster Beverage maintains dominance in the energy drink market through its global distribution partnership with Coca-Cola. On Holding continues to deliver explosive revenue growth as it scales its premium performance footwear and apparel brands globally.
In September, the company authorized its first share buyback worth up to $1 billion. On is expanding its product lines into football and golf to increase market share and sales.
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On Holding AG's focus on performance technology, innovation, and design differentiation are key competitive advantages. ONON's strategic partnership with the high-profile Soccer superstar Kylian Mbappé will drive growth in an entirely new segment. The company's positioning as the premium brand in the global athletic footwear segment is a brilliant strategy and has led to over 55% revenue growth in the past 6 years.
Amazon keeps lowering its delivery costs, citing rising margins and shareholder returns. On Holding refuses to chase sales with discounts, supporting healthy margins and earnings growth prospects.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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