Friday 6 November 2026 Export ONON’s income statement to Excel — free account

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

37.47 1.15 −2.98%

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Market cap: $12.4B
P/E: 47.9×
Fwd P/E: 22.6×
Dividend yield: —
F-score: 6/9
Altman Z: 14.41
Beneish M: −2.37
Dividend safety: n/a

Overview

On Holding AG (ONON) EV/FCF

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As of 5 November 2026, On Holding AG (ONON) trades at a EV/FCF of 43.0×. Over the past ten years it has ranged from −1,172× (March 2024) to 156× (June 2024); the current reading is higher than 55% of that period.

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<iframe src="https://stockrow.com/embed/ONON/ev-fcf" width="100%" height="360" style="border:0" loading="lazy" title="On Holding AG EV/FCF, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ONON/metrics/ev-fcf">On Holding AG (ONON) EV/FCF — stockrow.com</a></p>

Period	EV/FCF	Change
FY2025	84.8×	26.51%
FY2024	67.0×	—
FY2023	−877×	—
FY2022	−32.1×	—
FY2021	−274×	—
FY2020	0.0×	—
FY2019	0.0×	—

Period	EV/FCF	Change
Jun 2026	40.6×	(26.42%)
Mar 2026	55.2×	(34.94%)
Dec 2025	84.8×	33.40%
Sep 2025	63.6×	(21.04%)
18 more quarters	Free account

Against its own ten years

Low −1,172× High 156×

Ten-year median 30.9×

Current reading's percentile 55

Company	EV/FCF
FOSL Fossil Group, Inc. compare	−15.6×
WWW Wolverine World Wide, Inc. compare	5.0×
DECK Deckers Outdoor Corporation compare	10.4×
CROX Crocs, Inc. compare	11.2×
WEYS Weyco Group, Inc. compare	11.3×
SHOO Steven Madden, Ltd. compare	12.6×
BIRK Birkenstock Holding PLC compare	24.7×
NKE NIKE, Inc. compare	27.6×
ONON On Holding AG	43.0×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

On Holding AG (ONON) EV/FCF

EV/FCF, daily

Annual newest first

Quarterly newest first

Against its own ten years

EV/FCF against peers

What EV/FCF is

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EV/FCF, daily

Annual newest first

Quarterly newest first

Against its own ten years

EV/FCF against peers

What EV/FCF is

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