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

33.78 0.98 +2.99%
Market cap
$10.8B
P/E
43.2×
Fwd P/E
22.6×
Dividend yield
—
F-score
6/9
Altman Z
14.41
Beneish M
−2.37
Dividend safety
n/a

On Holding AG (ONON) EV/Sales

Alert me on EV/Sales

As of 30 October 2026, On Holding AG (ONON) trades at a EV/Sales of 5.0×. Over the past ten years it has ranged from 0.0× (September 2021) to 28.9× (November 2021); the current reading is higher than 5% of that period. That is above the Footwear & Accessories industry median of 1.2× and above the Consumer Cyclical sector median of 1.0×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 7.9× (38.67%)
FY2024 12.9× 46.19%
FY2023 8.8× 8.12%
FY2022 8.2× (5.11%)
FY2021 8.6× —
FY2020 0.0× —
FY2019 0.0× —

Quarterly newest first

Period EV/Sales Change
Jun 2026 5.3× (1.50%)
Mar 2026 5.4× (31.97%)
Dec 2025 7.9× 3.34%
Sep 2025 7.6× (26.23%)
18 more quarters

Against its own ten years

Low 0.0× High 28.9×
Ten-year median 9.7×
Current reading's percentile 4

EV/Sales against peers

Company EV/Sales
FOSL Fossil Group, Inc. compare 0.5×
WWW Wolverine World Wide, Inc. compare 1.1×
SHOO Steven Madden, Ltd. compare 1.1×
NKE NIKE, Inc. compare 1.2×
WEYS Weyco Group, Inc. compare 1.5×
DECK Deckers Outdoor Corporation compare 1.8×
CROX Crocs, Inc. compare 2.1×
BIRK Birkenstock Holding PLC compare 2.8×
ONON On Holding AG 5.0×
Footwear & Accessories industry median 1.2×
Consumer Cyclical sector median 1.0×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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