On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
On Holding AG (ONON) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
while the firm exhibits strong premium pricing power with a 64.2% gross margin, the sharp contraction in FCF margin to 0.8% and decelerating revenue growth suggest a period of heightened execution risk.
On Holding AG (ONON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
On Holding AG (ONON) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.47vs $0.34+39.6% | $1.0Bvs $1.0B+1.3% |
| Q2 2026 | Mar 3, 2026 | $0.31vs $0.26+19.2% | $938Mvs $916M+2.4% |
| Q4 2025 | Nov 12, 2025 | $0.50vs $0.33+53.7% | $999Mvs $957M+4.3% |
| Q3 2025 | Aug 12, 2025 | $0.11vs $0.24-145.6% | $943Mvs $886M+6.4% |
Recent stock market news and headlines for On Holding AG (ONON)
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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On Holding (ONON) concluded the recent trading session at $37.07, signifying a +1.34% move from its prior day's close.

Recently, Zacks.com users have been paying close attention to On Holding (ONON). This makes it worthwhile to examine what the stock has in store.

On Holding (ONON) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Key metrics vs top competitors for On Holding AG (ONON)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $36.62 | $12.21B | 50.92 | 24.16% | 6.76% | 12.86% | — | |
| $43.21 | $63.94B | 20.00 | -9.84% | 4.84% | 16.41% | — | |
| $115.07 | $13.07B | 8.68 | 4.86% | 13.03% | 31.26% | — | |
| $106.08 | $14.73B | 15.11 | 9.4% | 18.73% | 40.79% | — | |
| $45.56 | $8.38B | 21.32 | 16.22% | 16.28% | 12.95% | — | |
| $6.74 | $2.88B | -5.81 | -3.86% | -9.94% | -30.13% | — |
On Holding AG (ONON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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On Holding AG (ONON) stock FAQ — growth, dividends, profitability & financials explained
On Holding AG (ONON) reported $3.13B in revenue for fiscal year 2025. This represents a 1073% increase from $267.1M in 2019.
On Holding AG (ONON) grew revenue by 24.2% over the past year. This is strong growth.
Yes, On Holding AG (ONON) is profitable, generating $252.2M in net income for fiscal year 2025 (6.8% net margin).
On Holding AG (ONON) has a return on equity (ROE) of 12.9%. This is reasonable for most industries.
On Holding AG (ONON) generated $307.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.