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[XNYS]

On Holding AG (ONON)

$28.50

UPDATED — ET · MARKET DATA POLYGON · FINANCIALS SEC EDGAR

Market Cap
$9642.09M
Enterprise Value
$8355.45M
P/E Ratio
N/A
Div Yield
0.00%
EV/EBITDA
13.7
Company Profile
About
About On Holding AG

Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of 2025 sales) and accessories (1%). The firm's merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.

Employees

1,230

Exchange

XNYS

Website
Source: Polygon.io
Score
Competitive Moat
Competitive Moat
48
Narrow Moat

Systematic competitive advantage assessment based on 4yr data

This assessment is based on quantitative analysis of historical financial data and does not constitute investment advice. Moat ratings may change with industry and competitive dynamics.

Market Signals
Valuation
Earnings
Insider Activity
Insider Filing Activity

First version surfaces recent SEC Forms 3, 4, and 5 activity. It does not yet parse individual buy/sell transactions.

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Superinvestors
Financial Health
Financial Health

Capital Structure

Total Equity$2059.34M
Total Debt$0.00M
Debt-to-Equity0.00
Cash & Equivalents$1286.65M

Cash Flow

Operating Cash Flow$434.36M
Free Cash Flow$346.28M
FCF MarginN/A
P/FCF Ratio27.84
Source: Polygon.io · SEC EDGAR
Dividends
Recent News
Recent News

Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.