Deckers Outdoor Corporation (DECK) vs On Holding AG (ONON)

Deckers Outdoor Corporation and On Holding AG are both Footwear & Accessories companies. Deckers Outdoor Corporation and On Holding AG are of similar size ($10.7B and $10.1B). Deckers Outdoor Corporation trades at the lower P/E: 11.1× against 38.3×. On Holding AG grew revenue faster over the last twelve months: 29.2% against 7.85%. Deckers Outdoor Corporation has the higher net margin (18.4% vs 12.3%) and the higher return on invested capital (112.0% vs 25.0%). Across the 22 metrics below, Deckers Outdoor Corporation leads on 18 and On Holding AG on 4.

Valuation

Metric DECK ONON Footwear & Accessories median
P/E 11.14 38.33 15.26
P/S 1.97 4.69 1.16
P/B 4.73 7.88 2.59
Price to free cash flow 9.94 35.97 12.20
EV/EBITDA 7.13 24.72 8.91
EV/Sales 1.71 4.44 1.24
Earnings yield 8.97% 2.61% 6.11%
Free cash flow yield 10.06% 2.78% 4.85%

Profitability

Metric DECK ONON Footwear & Accessories median
Gross margin 57.80% 64.74% 49.76%
Operating margin 22.67% 13.74% 8.44%
Net margin 18.36% 12.25% 5.64%
Free cash flow margin 20.22% 13.05% 8.18%
Return on equity 42.56% 24.18% 12.45%
Return on assets 26.33% 13.83% 6.15%
Return on invested capital 112.01% 25.00% 9.58%

Growth

Metric DECK ONON Footwear & Accessories median
Revenue growth (TTM) 7.85% 29.22% 3.68%
EPS growth (last fiscal year) 10.90% (10.54%) —
Revenue growth, 5-year CAGR 16.54% 51.65% 7.17%
Net income growth, 5-year CAGR 21.77% 0.00% 0.00%

Health

Metric DECK ONON Footwear & Accessories median
Debt to equity 0.00 0.25 0.46
Current ratio 2.75 2.83 1.96
Net debt to EBITDA (1.42) (1.27) 1.00

Dividend

Metric DECK ONON Footwear & Accessories median
Dividend yield — — 2.20%
Payout ratio 0.00 0.00 0.00

Size

Metric DECK ONON Footwear & Accessories median
Market cap 10.69b 10.05b 614.40m

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