Friday 6 November 2026 Export ONON’s income statement to Excel — free account

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

37.47 1.15 −2.98%

Follow ONON

Alert me

Market cap: $12.4B
P/E: 47.9×
Fwd P/E: 22.6×
Dividend yield: —
F-score: 6/9
Altman Z: 14.41
Beneish M: −2.37
Dividend safety: n/a

Overview

On Holding AG (ONON) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, On Holding AG (ONON) trades at a price to free cash flow of 45.0×. Over the past ten years it has ranged from 0.0× (March 2024) to 159× (June 2024); the current reading is higher than 55% of that period. That is above the Footwear & Accessories industry median of 12.6× and above the Consumer Cyclical sector median of 12.9×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/ONON/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="On Holding AG price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ONON/metrics/price-to-free-cash-flow">On Holding AG (ONON) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	87.1×	26.96%
FY2024	68.6×	—
FY2023	0.0×	—
FY2022	0.0×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2019	0.0×	—

Period	Price to free cash flow	Change
Jun 2026	42.5×	(25.79%)
Mar 2026	57.3×	(34.19%)
Dec 2025	87.1×	33.16%
Sep 2025	65.4×	(20.18%)
18 more quarters	Free account

Against its own ten years

Low 0.0× High 159×

Ten-year median 32.9×

Current reading's percentile 55

Company	Price to free cash flow
FOSL Fossil Group, Inc. compare	n/m
WWW Wolverine World Wide, Inc. compare	4.1×
CROX Crocs, Inc. compare	9.7×
DECK Deckers Outdoor Corporation compare	11.5×
SHOO Steven Madden, Ltd. compare	12.4×
WEYS Weyco Group, Inc. compare	12.8×
BIRK Birkenstock Holding PLC compare	20.5×
NKE NIKE, Inc. compare	27.9×
ONON On Holding AG	45.0×
Footwear & Accessories industry median	12.6×
Consumer Cyclical sector median	12.9×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

On Holding AG (ONON) Price to free cash flow

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on ONON

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on ONON

Stockrow Weekly