stockrowOn 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) Gross margin
On Holding AG's gross margin over the twelve months to 30 June 2026 was 64.7%, up 1.9 percentage points from fiscal 2025 (62.8%). Over the past ten years it has ranged from 52.0% (fiscal 2019) to 62.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Footwear & Accessories industry median of 49.1% and above the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 62.8% | 2.20 |
| FY2024 | 60.6% | 1.07 |
| FY2023 | 59.6% | 3.52 |
| FY2022 | 56.0% | (3.34) |
| FY2021 | 59.4% | 5.04 |
| FY2020 | 54.3% | 2.30 |
| FY2019 | 52.0% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 65.4% | 1.12 |
| Mar 2026 | 64.2% | 0.68 |
| Dec 2025 | 63.6% | (2.20) |
| Sep 2025 | 65.8% | 4.24 |
| 18 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ONON On Holding AG | 64.7% |
| CROX Crocs, Inc. compare | 59.4% |
| DECK Deckers Outdoor Corporation compare | 58.9% |
| BIRK Birkenstock Holding PLC compare | 56.8% |
| FOSL Fossil Group, Inc. compare | 56.7% |
| WEYS Weyco Group, Inc. compare | 49.1% |
| WWW Wolverine World Wide, Inc. compare | 47.1% |
| SHOO Steven Madden, Ltd. compare | 46.1% |
| NKE NIKE, Inc. compare | 43.1% |
| Footwear & Accessories industry median | 49.1% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on ONON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- 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