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

37.72 0.18 +0.48%
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

On Holding AG (ONON) Return on equity

Alert me on Return on equity

On Holding AG's return on equity over the twelve months to 30 June 2026 was 24.2%, up 10.3 percentage points from fiscal 2025 (13.9%). Over the past ten years it has ranged from −31.3% (fiscal 2021) to 19.8% (fiscal 2024); the current reading is higher than 86% of that period. That is above the Footwear & Accessories industry median of 13.5% and above the Consumer Cyclical sector median of 3.20%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 13.9% (5.97)
FY2024 19.8% 11.81
FY2023 8.01% 1.79
FY2022 6.22% 37.53
FY2021 −31.3% (13.43)
FY2020 −17.9% (17.30)
FY2019 −0.58% —

Against its own ten years

Low −31.3% High 19.8%
Ten-year median 6.22%
Current reading's percentile 86

Return on equity against peers

Company Return on equity
CROX Crocs, Inc. compare 49.1%
DECK Deckers Outdoor Corporation compare 44.3%
WWW Wolverine World Wide, Inc. compare 26.0%
ONON On Holding AG 24.2%
NKE NIKE, Inc. compare 21.6%
SHOO Steven Madden, Ltd. compare 15.6%
WEYS Weyco Group, Inc. compare 13.8%
BIRK Birkenstock Holding PLC compare 12.5%
FOSL Fossil Group, Inc. compare −67.2%
Footwear & Accessories industry median 13.5%
Consumer Cyclical sector median 3.20%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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