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) Operating margin
On Holding AG's operating margin over the twelve months to 30 June 2026 was 13.7%, up 1.2 percentage points from fiscal 2025 (12.5%). Over the past ten years it has ranged from −19.5% (fiscal 2021) to 12.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Footwear & Accessories industry median of 8.69% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 12.5% | 3.39 |
| FY2024 | 9.12% | (0.94) |
| FY2023 | 10.1% | 3.10 |
| FY2022 | 6.96% | 26.43 |
| FY2021 | −19.5% | (15.45) |
| FY2020 | −4.02% | (8.48) |
| FY2019 | 4.46% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 14.0% | (0.07) |
| Mar 2026 | 14.1% | 3.24 |
| Dec 2025 | 10.9% | (4.84) |
| Sep 2025 | 15.7% | 3.32 |
| 18 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| BIRK Birkenstock Holding PLC compare | 24.3% |
| DECK Deckers Outdoor Corporation compare | 23.6% |
| CROX Crocs, Inc. compare | 22.6% |
| WEYS Weyco Group, Inc. compare | 15.3% |
| ONON On Holding AG | 13.7% |
| WWW Wolverine World Wide, Inc. compare | 8.69% |
| NKE NIKE, Inc. compare | 8.19% |
| SHOO Steven Madden, Ltd. compare | 7.50% |
| FOSL Fossil Group, Inc. compare | −0.57% |
| Footwear & Accessories industry median | 8.69% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on ONON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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