On Holding AG ONON

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38.62 USD +2.12 (+5.81%)

At closeNov 4, 2026, 7:17 PM EST

38.26 -0.36 -0.93%

After hours · Nov 4, 7:17 PM ET

37.31 Day range 39.09
26.37 52-week range 51.08
YTD
-16.91%
1 year
+6.69%

Financial health

Altman Z-Score

7.00 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 3
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 3
  • P/E 2
  • P/B 1

Valuation

P/E 59.5×
FY 2019: -7052×FY 2020: -345×FY 2021: -62.7×FY 2022: 88.1×FY 2023: 90.7×FY 2024: 70.0×FY 2025: 59.5×
FY 2019 5y median 70.0× FY 2025
P/S 4.0×
FY 2019: 38.7×FY 2020: 22.3×FY 2021: 14.8×FY 2022: 4.1×FY 2023: 4.1×FY 2024: 7.3×FY 2025: 4.0×
FY 2019 5y median 4.1× FY 2025
P/B 7.4×
FY 2019: 161×FY 2020: 38.7×FY 2021: 12.7×FY 2022: 5.2×FY 2023: 6.8×FY 2024: 12.1×FY 2025: 7.4×
FY 2019 5y median 7.4× FY 2025
P/FCF 48.0×
FY 2019: -717×FY 2020: -285×FY 2021: -556×FY 2022: -16.2×FY 2023: 39.6×FY 2024: 37.8×FY 2025: 48.0×
FY 2019 5y median 37.8× FY 2025
EV/EBITDA 33.0×
FY 2019: 1203×FY 2020: -784×FY 2021: -81.6×FY 2022: 37.4×FY 2023: 28.9×FY 2024: 40.7×FY 2025: 33.0×
FY 2019 5y median 33.0× FY 2025
EV/Sales 3.9×
FY 2019: 38.8×FY 2020: 22.1×FY 2021: 14.2×FY 2022: 3.9×FY 2023: 3.9×FY 2024: 7.0×FY 2025: 3.9×
FY 2019 5y median 3.9× FY 2025
FCF Yield 2.1%
FY 2019: -0.1%FY 2020: -0.4%FY 2021: -0.2%FY 2022: -6.2%FY 2023: 2.5%FY 2024: 2.6%FY 2025: 2.1%
FY 2019 5y median 2.1% FY 2025

Profitability

Gross Margin 62.8%
FY 2019: 53.6%FY 2020: 54.3%FY 2021: 59.4%FY 2022: 56.0%FY 2023: 59.6%FY 2024: 60.6%FY 2025: 62.8%
FY 2019 5y median 59.6% FY 2025
Operating Margin 12.5%
FY 2019: 2.1%FY 2020: -4.0%FY 2021: -19.5%FY 2022: 7.0%FY 2023: 10.1%FY 2024: 9.1%FY 2025: 12.5%
FY 2019 5y median 9.1% FY 2025
Net Margin 6.8%
FY 2019: -0.6%FY 2020: -6.5%FY 2021: -23.5%FY 2022: 4.7%FY 2023: 4.4%FY 2024: 10.5%FY 2025: 6.8%
FY 2019 5y median 4.7% FY 2025
ROE 12.5%
FY 2019: -2.3%FY 2020: -11.2%FY 2021: -20.1%FY 2022: 6.0%FY 2023: 7.4%FY 2024: 17.4%FY 2025: 12.5%
FY 2019 5y median 7.4% FY 2025
ROIC 16.6%
FY 2019: -2.8%FY 2020: -5.7%FY 2021: -13.5%FY 2022: 5.4%FY 2023: 13.6%FY 2024: 10.3%FY 2025: 16.6%
FY 2019 5y median 10.3% FY 2025
ROA 7.2%
FY 2019: -1.0%FY 2020: -7.2%FY 2021: -13.8%FY 2022: 4.2%FY 2023: 5.0%FY 2024: 10.2%FY 2025: 7.2%
FY 2019 5y median 5.0% FY 2025

Growth (YoY)

Revenue 30.0%
FY 2019: 0.0%FY 2020: 59.2%FY 2021: 70.4%FY 2022: 68.7%FY 2023: 46.6%FY 2024: 29.4%FY 2025: 30.0%
FY 2019 FY 2025
Operating Income 78.2%
FY 2019: 0.0%FY 2020: -400.6%FY 2021: -725.1%FY 2022: 160.3%FY 2023: 111.8%FY 2024: 17.4%FY 2025: 78.2%
FY 2019 FY 2025
EPS (diluted) -14.1%
FY 2019: 0.0%FY 2020: -1772.9%FY 2021: -511.8%FY 2022: 132.7%FY 2023: 38.9%FY 2024: 184.0%FY 2025: -14.1%
FY 2019 FY 2025
Free Cash Flow -43.2%
FY 2019: 0.0%FY 2020: -130.7%FY 2021: 42.0%FY 2022: -1506.2%FY 2023: 159.6%FY 2024: 141.0%FY 2025: -43.2%
FY 2019 FY 2025

Financial Health

Current Ratio 2.7×
FY 2019: 1.8×FY 2020: 3.3×FY 2021: 4.7×FY 2022: 4.3×FY 2023: 3.8×FY 2024: 2.7×FY 2025: 2.7×
FY 2019 5y median 3.8× FY 2025
Quick Ratio 2.1×
FY 2019: 1.2×FY 2020: 2.1×FY 2021: 4.1×FY 2022: 2.7×FY 2023: 2.6×FY 2024: 2.0×FY 2025: 2.1×
FY 2019 5y median 2.6× FY 2025
Debt / Equity 0.4×
FY 2019: 0.3×FY 2020: 0.1×FY 2021: 0.2×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.4×
FY 2019 5y median 0.2× FY 2025
Net Debt / EBITDA -1.2×
FY 2019: 1.0×FY 2020: 5.6×FY 2021: 3.8×FY 2022: -1.6×FY 2023: -1.1×FY 2024: -1.4×FY 2025: -1.2×
FY 2019 5y median -1.2× FY 2025
Interest Coverage 17.2×
FY 2019: 9.0×FY 2020: -20.1×FY 2021: -39.9×FY 2022: 13.7×FY 2023: 16.8×FY 2024: 8.9×FY 2025: 17.2×
FY 2019 5y median 13.7× FY 2025

Dividends

Dividend Yield 0.0%
FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2019 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2019 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31