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) Net margin
On Holding AG's net margin over the twelve months to 30 June 2026 was 12.3%, up 5.5 percentage points from fiscal 2025 (6.76%). Over the past ten years it has ranged from −23.5% (fiscal 2021) to 10.5% (fiscal 2024); the current reading is higher than 86% of that period. That is above the Footwear & Accessories industry median of 6.62% and above the Consumer Cyclical sector median of 2.12%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 6.76% | (3.69) |
| FY2024 | 10.5% | 6.01 |
| FY2023 | 4.44% | (0.28) |
| FY2022 | 4.72% | 28.21 |
| FY2021 | −23.5% | (17.02) |
| FY2020 | −6.47% | (6.10) |
| FY2019 | −0.37% | — |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 12.4% | (0.07) |
| Mar 2026 | 12.4% | 3.40 |
| Dec 2025 | 9.02% | (5.95) |
| Sep 2025 | 15.0% | 20.43 |
| 18 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| DECK Deckers Outdoor Corporation compare | 19.0% |
| CROX Crocs, Inc. compare | 16.2% |
| BIRK Birkenstock Holding PLC compare | 14.7% |
| WEYS Weyco Group, Inc. compare | 12.4% |
| ONON On Holding AG | 12.3% |
| NKE NIKE, Inc. compare | 6.74% |
| WWW Wolverine World Wide, Inc. compare | 5.55% |
| SHOO Steven Madden, Ltd. compare | 5.23% |
| FOSL Fossil Group, Inc. compare | −7.09% |
| Footwear & Accessories industry median | 6.62% |
| Consumer Cyclical sector median | 2.12% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on ONON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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