On Holding AG
ONON Consumer Cyclical Footwear & Accessories
On Holding AG’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 38.1% from fiscal 2024.
- Revenue
- +18.5%
- EPS
- +368.3%
- Free cash flow
- +151.5%
- Total debt
- +16.0%
Quarter to June 2026, against a year earlier
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On Holding AG (ONON) EV/EBITDA
As of 5 November 2026, On Holding AG (ONON) trades at a EV/EBITDA of 31.3×. Over the past ten years it has ranged from 0.0× (December 2022) to 528× (November 2021); the current reading is higher than 27% of that period. That is above the Footwear & Accessories industry median of 11.2× and above the Consumer Cyclical sector median of 9.8×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 47.2× | (50.04%) |
| FY2024 | 94.5× | 34.18% |
| FY2023 | 70.4× | (7.04%) |
| FY2022 | 75.8× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 29.5× | (3.21%) |
| Mar 2026 | 30.5× | (35.49%) |
| Dec 2025 | 47.2× | 1.95% |
| Sep 2025 | 46.3× | (31.62%) |
| 18 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| DECK Deckers Outdoor Corporation compare | 7.7× |
| CROX Crocs, Inc. compare | 8.3× |
| BIRK Birkenstock Holding PLC compare | 10.3× |
| SHOO Steven Madden, Ltd. compare | 11.1× |
| WWW Wolverine World Wide, Inc. compare | 11.2× |
| WEYS Weyco Group, Inc. compare | 11.3× |
| NKE NIKE, Inc. compare | 12.8× |
| ONON On Holding AG | 31.3× |
| FOSL Fossil Group, Inc. compare | 99.0× |
| Footwear & Accessories industry median | 11.2× |
| Consumer Cyclical sector median | 9.8× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on ONON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement