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. In the quarter to June 2026, revenue grew 18.5%, EPS grew 368.3%, free cash flow grew 151.5% and total debt rose 16.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
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On Holding AG (ONON) EV/Sales
As of 9 October 2026, On Holding AG (ONON) trades at a EV/Sales of 5.2×. 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 1.3× 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 | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| WWW Wolverine World Wide, Inc. compare | 1.0× |
| NKE NIKE, Inc. compare | 1.1× |
| SHOO Steven Madden, Ltd. compare | 1.2× |
| WEYS Weyco Group, Inc. compare | 1.5× |
| CROX Crocs, Inc. compare | 1.7× |
| DECK Deckers Outdoor Corporation compare | 1.8× |
| BIRK Birkenstock Holding PLC compare | 2.8× |
| ONON On Holding AG | 5.2× |
| FWDI Forward Industries, Inc. compare | 11.8× |
| Footwear & Accessories industry median | 1.3× |
| 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)