On Holding AG ONON
34.62 USD -2.81 (-7.51%)
Nov 10, 2026, 9:53 AM EST
33.87 Day range 35.58
26.76 52-week range 50.63
- YTD
- -25.52%
- 1 year
- -0.97%
- Market cap
- 11.56B
- Revenue (ttm)
- 3.22B
- Profit margin
- 12.30%
- EPS (ttm)
- 1.50
- Shares out
- 301.72M
- P/E ratio
- 23.06
- Forward P/E
- 18.11
- YTD return
- -25.52%
- 1-year return
- -0.97%
- Volume
- 4.49M
- Avg volume
- 11.00M
- Open
- 34.55
- Previous close
- 37.43
- Day's range
- 33.87 – 35.58
- 52-week range
- 26.76 – 50.63
- Beta
- 2.08
- Analysts
- Buy
- Price target
- 44.21 (+27.7%)
- Earnings date
- Nov 10, 2026
5D -3.66 (-9.57%)
Key statistics
- Enterprise value
- 11.81B
- PEG ratio
- 0.60
- Price / sales
- 3.88
- Price / book
- 5.39
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 13.50%
- Free cash flow
- 288.49M
- Total cash
- 1.24B
- Total debt
- 562.50M
- Return on equity
- 23.95%
- Short % of float
- 13.10%
- 50-day average
- 31.51
- 200-day average
- 36.40
Analyst view
Consensus: buy
Buy
Price target (mean) 44.21 +27.7% upside
Now 34.62
- Target (low)
- 20.10
- Target (mean)
- 44.21
- Target (high)
- 73.11
Ratings (0m) 31 25 buy · 5 hold · 1 sell
- Strong buy8
- Buy17
- Hold5
- Sell1
- Strong sell0
Next earnings
Nov 10, 2026
Expected Nov 10, 2026. Consensus EPS estimate 0.40207.
Financials — quick view
ONON Revenue — quarterly 850.30M
ONON Net income — quarterly 105.00M
ONON EPS — quarterly 0.31
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 10, 2026 | Sep 30, 2026 | 0.4654 | — | — | — |
| Aug 11, 2026 | Jun 30, 2026 | 0.4203 | 0.44 | +0.02 | +4.69% |
| May 12, 2026 | Mar 31, 2026 | 0.3367 | 0.47 | +0.13 | +39.59% |
| Mar 3, 2026 | Dec 31, 2025 | 0.26 | 0.31 | +0.05 | +19.23% |
| Nov 12, 2025 | Sep 30, 2025 | 0.3254 | 0.50 | +0.17 | +53.66% |
| Aug 12, 2025 | Jun 30, 2025 | 0.2411 | -0.11 | -0.35 | -145.62% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 4, 2026 | Wells Fargo | init | — | Overweight |
| Nov 3, 2026 | BTIG | reit | Buy | Buy |
| Oct 22, 2026 | Wolfe Research | init | — | Outperform |
| Oct 16, 2026 | Raymond James | main | Outperform | Outperform |
| Oct 1, 2026 | JP Morgan | main | Overweight | Overweight |
| Sep 24, 2026 | BMO Capital | main | Market Perform | Market Perform |
About On Holding AG
On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.
- Sector
- Consumer Cyclical
- Industry
- Footwear & Accessories
- Country
- Switzerland
- Website
- on.com
News
On Holding Q3 2026 Earnings Call Transcript 
On Holding (ONON) Beats Q3 Earnings and Revenue Estimates 
Cantor Fitzgerald Initiates Coverage On On Holding with Overweight Rating, Announces Price Target of $46 
On Holding Affirms FY2026 Sales Guidance of $4.273B-$4.383B vs $4.270B Est 
On Holding Q3 Adj. EPS $0.66 Beats $0.46 Estimate, Sales $1.147B Beat $1.140B Estimate 
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Wells Fargo Initiates Coverage On On Holding with Overweight Rating, Announces Price Target of $48
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| ALLEMANN DAVID MICHAEL | Chief Executive Officer | Purchase | May 13, 2026 | 2,841,110 |
| BANSE AMY L | Director | Stock Award(Grant) | Sep 20, 2026 | 81,914 |
| BERNHARD OLIVIER | Officer and Director | Purchase | Aug 13, 2026 | 5,228,180 |
| COPPETTI CASPAR FELIX | Chief Executive Officer | Purchase | Aug 13, 2026 | 2,440,860 |
| DURKIN DENNIS M | Director | Stock Award(Grant) | Sep 20, 2026 | 104,478 |
| HELMERSSON HELENA | Director | Stock Award(Grant) | Sep 20, 2026 | 6,822 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Morgan Stanley | 6.89% | 20,447,122 | 765.34M | Jun 29, 2026 |
| BAMCO Inc. | 5.70% | 16,929,770 | 633.68M | Jun 29, 2026 |
| FMR, LLC | 5.40% | 16,039,135 | 600.34M | Jun 29, 2026 |
| Lone Pine Capital Llc | 4.47% | 13,280,030 | 497.07M | Jun 29, 2026 |
| Platinum Paramount Investment Ltd. | 3.81% | 11,312,048 | 423.41M | Jun 29, 2026 |
| Sinvest Investments II Ltd. | 2.83% | 8,400,000 | 314.41M | Sep 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| BARON SELECT FUNDS-Baron Partners Fund | 2.99% | 8,871,696 | 332.07M | Jun 29, 2026 |
| BARON SELECT FUNDS-Baron Focused Growth Fund | 1.53% | 4,545,547 | 170.14M | Jun 29, 2026 |
| Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund | 0.71% | 2,098,184 | 78.54M | Sep 29, 2026 |
| PUTNAM SUSTAINABLE LEADERS FUND | 0.43% | 1,263,500 | 47.29M | Jun 29, 2026 |
| iShares Trust-iShares Russell Mid-Cap Growth ETF | 0.43% | 1,274,366 | 47.70M | Sep 29, 2026 |
| IVY FUNDS-Nomura Mid Cap Growth Fund | 0.39% | 1,159,419 | 43.40M | Jun 29, 2026 |