Financial Ratios On Holding AG

Equities

ONON

CH1134540470

Footwear

Market Closed - Nyse Other stock markets 21:00:02 13/05/2026 BST			5-day change	1st Jan Change
35.39 ^USD	+4.61%		+2.31%	-23.86%

04:59pm	On's Continued Focus on Innovation, Performance to Drive Sales Growth, Earnings Beats, UBS Says	MT
03:06pm	Truist Securities Cuts Price Target on On Holding to $48 From $55, Maintains Buy Rating	MT

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Published financial data: ON HOLDING AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	725M	1.22B	1.79B	2.32B	3.01B
Total Revenues	725M	1.22B	1.79B	2.32B	3.01B
Cost of Goods Sold, Total	294M	537M	725M	913M	1.12B
Gross Profit	430M	685M	1.07B	1.41B	1.89B
Selling General & Admin Expenses, Total	571M	600M	888M	1.19B	1.52B
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	571M	600M	888M	1.19B	1.52B
Operating Income	-141M	85M	180M	211M	377M
Interest Expense, Total	-2.43M	-4.2M	-6.5M	-15.3M	-21.4M
Interest And Investment Income	-	5.7M	11.5M	23.5M	30.9M
Net Interest Expenses	-2.43M	1.5M	5M	8.2M	9.5M
Currency Exchange Gains (Loss)	-14.95M	-6.5M	-111M	67.7M	-173M
Other Non Operating Income (Expenses)	-1.11M	-2.1M	-4.3M	-7.2M	-7.7M
EBT, Excl. Unusual Items	-160M	77.9M	69.1M	280M	205M
EBT, Incl. Unusual Items	-160M	77.9M	69.1M	280M	205M
Income Tax Expense	10.64M	20.2M	-10.5M	37.4M	1.5M
Earnings From Continuing Operations	-170M	57.7M	79.6M	242M	204M
Net Income to Company	-170M	57.7M	79.6M	242M	204M
Net Income - (IS)	-170M	57.7M	79.6M	242M	204M
Preferred Dividend and Other Adjustments	-1K	-	-	-	-
Net Income to Common Incl Extra Items	-170M	57.7M	79.6M	242M	204M
Net Income to Common Excl. Extra Items	-170M	57.7M	79.6M	242M	204M
Per Share Items
Net EPS - Basic	-0.59	0.18	0.25	0.75	0.62
Basic EPS - Continuing Operations	-0.59	0.18	0.25	0.75	0.62
Basic Weighted Average Shares Outstanding	288M	317M	319M	323M	330M
Net EPS - Diluted	-0.59	0.18	0.25	0.74	0.61
Diluted EPS - Continuing Operations	-0.59	0.18	0.25	0.74	0.61
Diluted Weighted Average Shares Outstanding	288M	320M	323M	328M	334M
Normalized Basic EPS	-0.35	0.15	0.14	0.54	0.39
Normalized Diluted EPS	-0.35	0.15	0.13	0.53	0.38
Supplemental Items
EBITDA	-130M	103M	206M	249M	420M
EBITA	-137M	89.1M	184M	216M	382M
EBIT	-141M	85M	180M	211M	377M
Effective Tax Rate - (Ratio)	-6.67	25.93	-15.2	13.37	0.73
Total Current Taxes	7.05M	38.7M	35.7M	74M	76M
Total Deferred Taxes	3.59M	-18.6M	-46.2M	-36.6M	-74.5M
Normalized Net Income	-99.74M	48.69M	43.19M	175M	128M
Interest on Long-Term Debt	2.43M	4.2M	6.5M	15.3M	21.4M
Non-Cash Pension Expense	9K	-300K	0	0	-300K
Supplemental Operating Expense Items
Marketing Expenses	101M	130M	196M	277M	376M
Selling and Marketing Expenses	250M	367M	569M	733M	960M
General and Administrative Expenses	123M	199M	287M	390M	494M
Research And Development Expense From Footnotes	-	-	-	9.6M	10.6M
Stock-Based Comp., SG&A Exp. (Total)	198M	33.8M	31.8M	71.5M	62.6M
Stock-Based Comp., Other (Total)	-	4.5M	-	-	4M
Total Stock-Based Compensation	198M	38.3M	31.8M	71.5M	66.6M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	653M	371M	495M	924M	1.02B
Short Term Investments	23.64M	26.3M	17.8M	43.7M	35.8M
Total Cash And Short Term Investments	677M	397M	512M	968M	1.06B
Accounts Receivable, Total	99.26M	175M	205M	246M	305M
Other Receivables	26.93M	49M	27M	45.4M	74.5M
Total Receivables	126M	224M	232M	292M	380M
Inventory	134M	396M	356M	419M	420M
Prepaid Expenses	16.49M	21M	20.8M	42M	33.6M
Other Current Assets, Total	11.02M	14M	29.8M	39M	73.4M
Total Current Assets	965M	1.05B	1.15B	1.76B	1.96B
Gross Property Plant And Equipment	248M	290M	418M	657M	944M
Accumulated Depreciation	-35.71M	-61.7M	-110M	-206M	-301M
Net Property Plant And Equipment	212M	229M	308M	451M	643M
Goodwill	1.79M	1.8M	1.8M	1.8M	1.8M
Other Intangibles, Total	55.67M	68.5M	62.8M	56.5M	52.4M
Deferred Tax Assets Long-Term	2.17M	31.7M	69.5M	108M	176M
Other Long-Term Assets, Total	-1K	100K	-	100K	-
Total Assets	1.24B	1.38B	1.59B	2.38B	2.84B
Liabilities
Accounts Payable, Total	45.94M	111M	65.1M	166M	155M
Accrued Expenses, Total	130M	70M	139M	282M	321M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	13.63M	21.6M	38.7M	59.1M	81.2M
Current Income Taxes Payable	2.4M	13.9M	23.5M	62.5M	63.2M
Other Current Liabilities	13.28M	26.2M	39.4M	89.9M	104M
Total Current Liabilities	205M	243M	306M	660M	724M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	167M	139M	190M	288M	440M
Pension & Other Post Retirement Benefits	5.85M	6.3M	2.2M	8.6M	5.5M
Deferred Tax Liability Non Current	5.61M	17.9M	10.5M	10.8M	9.3M
Other Non Current Liabilities	4.44M	7.2M	9.9M	16.6M	23.5M
Total Liabilities	388M	413M	518M	985M	1.2B
Common Stock, Total	33.45M	33.5M	33.5M	33.7M	34.1M
Additional Paid In Capital	757M	757M	757M	757M	761M
Retained Earnings	-190M	-109M	-21M	233M	445M
Treasury Stock	-25.04M	-26.1M	-26.7M	-26.8M	-26.7M
Comprehensive Income and Other	273M	314M	332M	395M	419M
Total Common Equity	848M	970M	1.07B	1.39B	1.63B
Total Equity	848M	970M	1.07B	1.39B	1.63B
Total Liabilities And Equity	1.24B	1.38B	1.59B	2.38B	2.84B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	313M	317M	319M	324M	331M
ECS Total Common Shares Outstanding	311M	317M	319M	324M	331M
Book Value / Share	2.72	3.06	3.37	4.3	4.93
Tangible Book Value	791M	899M	1.01B	1.33B	1.58B
Tangible Book Value Per Share	2.54	2.84	3.17	4.12	4.77
Total Debt	181M	160M	229M	348M	522M
Net Debt	-496M	-237M	-283M	-620M	-534M
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.85M	6.3M	2.2M	8.6M	5.5M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	135M	396M	364M	450M	445M
Inventories - Others	-	200K	-	-	-
Machinery, Total	19.22M	23.6M	55.2M	78.8M	100M
Full Time Employees	1.16K	1.7K	2.35K	3.25K	3.96K
Accumulated Allowance for Doubtful Accounts (Supple)	2.55M	9.1M	700K	10.7M	5.7M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-170M	57.7M	79.6M	242M	204M
Depreciation & Amortization - CF	22.61M	37.1M	54.9M	93.9M	118M
Amortization of Goodwill and Intangible Assets - (CF)	3.88M	4.1M	4.5M	4.7M	5.1M
Depreciation & Amortization, Total	26.48M	41.2M	59.4M	98.6M	123M
Amortization of Deferred Charges, Total - (CF)	4.93M	5.2M	5.5M	6M	4.7M
(Gain) Loss From Sale Of Asset	-	900K	600K	700K	3.7M
Stock-Based Compensation (CF)	192M	38.3M	27.3M	57.5M	66.6M
Other Operating Activities, Total	29.67M	-16.9M	67.5M	-36.3M	121M
Change In Accounts Receivable	-46.99M	-78.6M	-46.9M	-30.1M	-96.1M
Change In Inventories	-31.77M	-273M	-10M	-27.8M	-82.4M
Change In Accounts Payable	4.33M	65.8M	-44.3M	104M	-9.2M
Change in Other Net Operating Assets	8.1M	-67.6M	93.4M	95.7M	25M
Cash from Operations	16.95M	-227M	232M	511M	360M
Capital Expenditure	-24.64M	-60.3M	-42.8M	-60.5M	-72.9M
Sale of Property, Plant, and Equipment	-	-	-	100K	-
Cash Acquisitions	-200K	-	-	-	-
Sale (Purchase) of Intangible assets	-11.6M	-22.7M	-4.4M	-4.5M	-5.7M
Other Investing Activities, Total	-	100K	100K	-	-
Cash from Investing	-36.44M	-82.9M	-47.1M	-64.9M	-78.6M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-13.31M	-15.4M	-25.5M	-51.3M	-69.9M
Total Debt Repaid	-13.31M	-15.4M	-25.5M	-51.3M	-69.9M
Issuance of Common Stock	619M	26.4M	10.1M	11.1M	12.9M
Other Financing Activities, Total	-9.6M	-4.7M	-6.4M	-15.2M	-21.5M
Cash from Financing	596M	6.3M	-21.8M	-55.4M	-78.5M
Foreign Exchange Rate Adjustments	-13.87M	21.5M	-39.6M	39.4M	-107M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	562M	-282M	124M	430M	95.7M
Supplemental Items
Cash Interest Paid	2.76M	4.7M	6.5M	15.3M	21.5M
Cash Income Tax Paid (Refund)	4.41M	31M	28.6M	41.2M	64M
Levered Free Cash Flow	107M	-284M	219M	415M	264M
Unlevered Free Cash Flow	109M	-282M	223M	425M	278M
Change In Net Working Capital	-3.45M	337M	-61.1M	-182M	73.1M
Net Debt Issued / Repaid	-13.31M	-15.4M	-25.5M	-51.3M	-69.9M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-10.89	4.06	7.55	6.64	9.03
Return on Total Capital	-13.59	4.92	9.24	8.67	12.09
Return On Equity %	-31.14	6.35	7.79	19.65	13.47
Return on Common Equity	-31.14	6.35	7.79	19.65	13.47
Margin Analysis
Gross Profit Margin %	59.38	56.04	59.56	60.63	62.83
SG&A Margin	78.86	49.09	49.52	51.53	50.34
EBITDA Margin %	-17.96	8.44	11.51	10.73	13.93
EBITA Margin %	-18.94	7.29	10.28	9.3	12.66
EBIT Margin %	-19.47	6.96	10.03	9.1	12.5
Income From Continuing Operations Margin %	-23.49	4.72	4.44	10.45	6.76
Net Income Margin %	-23.49	4.72	4.44	10.45	6.76
Net Avail. For Common Margin %	-23.49	4.72	4.44	10.45	6.76
Normalized Net Income Margin	-13.77	3.98	2.41	7.54	4.26
Levered Free Cash Flow Margin	14.82	-23.28	12.22	17.9	8.77
Unlevered Free Cash Flow Margin	15.03	-23.06	12.44	18.31	9.21
Asset Turnover
Asset Turnover	0.9	0.93	1.2	1.17	1.16
Fixed Assets Turnover	5.75	5.54	6.68	6.11	5.51
Receivables Turnover (Average Receivables)	9.6	8.92	9.45	10.28	10.93
Inventory Turnover (Average Inventory)	2.48	2.03	1.93	2.35	2.67
Short Term Liquidity
Current Ratio	4.71	4.33	3.77	2.66	2.71
Quick Ratio	3.92	2.56	2.44	1.91	1.98
Operating Cash Flow to Current Liabilities	0.08	-0.94	0.76	0.77	0.5
Days Sales Outstanding (Average Receivables)	38.01	40.9	38.64	35.59	33.39
Days Outstanding Inventory (Average Inventory)	147	179.99	189.37	155.55	136.68
Average Days Payable Outstanding	49.03	35.86	46.87	43.46	52.31
Cash Conversion Cycle (Average Days)	135.97	185.03	181.14	147.68	117.76
Long Term Solvency
Total Debt/Equity	21.32	16.54	21.31	24.97	31.95
Total Debt / Total Capital	17.57	14.2	17.57	19.98	24.21
LT Debt/Equity	19.71	14.32	17.71	20.73	26.97
Long-Term Debt / Total Capital	16.25	12.28	14.6	16.59	20.44
Total Liabilities / Total Assets	31.39	29.87	32.55	41.44	42.43
EBIT / Interest Expense	-58.11	20.24	27.66	13.79	17.6
EBITDA / Interest Expense	-47.21	30.05	36.8	20.24	23.33
(EBITDA - Capex) / Interest Expense	-57.35	15.69	30.22	16.28	19.93
Total Debt / EBITDA	-1.58	1.27	0.96	1.12	1.04
Net Debt / EBITDA	4.33	-1.88	-1.18	-2	-1.07
Total Debt / (EBITDA - Capex)	-1.3	2.43	1.17	1.4	1.22
Net Debt / (EBITDA - Capex)	3.56	-3.59	-1.44	-2.49	-1.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	70.37	68.66	46.64	29.36	30.01
Gross Profit, 1 Yr. Growth %	86.19	59.17	55.83	31.71	34.72
EBITDA, 1 Yr. Growth %	1.19K	-179.32	99.9	20.6	68.77
EBITA, 1 Yr. Growth %	850.68	-164.94	106.85	17.04	76.96
EBIT, 1 Yr. Growth %	725.13	-160.24	111.53	17.35	78.48
Earnings From Cont. Operations, 1 Yr. Growth %	518.47	-133.9	37.95	204.4	-15.93
Net Income, 1 Yr. Growth %	518.47	-133.9	37.95	204.4	-15.93
Normalized Net Income, 1 Yr. Growth %	552.95	-148.81	-11.3	304.78	-26.64
Diluted EPS Before Extra, 1 Yr. Growth %	469.95	-130.56	36.47	199.92	-17.39
Accounts Receivable, 1 Yr. Growth %	92.26	75.83	17.3	20.17	24.1
Inventory, 1 Yr. Growth %	30.42	194.78	-9.88	17.59	0.14
Net Property, Plant and Equip., 1 Yr. Growth %	434.42	7.77	34.44	46.55	42.61
Total Assets, 1 Yr. Growth %	223.22	11.8	15.23	49.2	19.3
Tangible Book Value, 1 Yr. Growth %	315.34	13.69	12.31	32.04	18.35
Common Equity, 1 Yr. Growth %	246.15	14.27	10.83	29.53	17.29
Cash From Operations, 1 Yr. Growth %	-215.06	-1.44K	-202.25	119.99	-29.59
Capital Expenditures, 1 Yr. Growth %	124.28	145.12	-29.02	41.36	20.5
Levered Free Cash Flow, 1 Yr. Growth %	-1.34K	-364.5	-176.95	89.58	-36.32
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.38K	-358.46	-179.1	90.41	-34.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	64.7	69.51	57.26	37.73	29.69
Gross Profit, 2 Yr. CAGR %	73.39	72.15	57.49	43.26	33.2
EBITDA, 2 Yr. CAGR %	243.67	354.31	25.92	55.27	31
EBITA, 2 Yr. CAGR %	391.6	128.27	15.9	55.59	45.7
EBIT, 2 Yr. CAGR %	398.5	122.95	12.88	57.55	44.73
Earnings From Cont. Operations, 2 Yr. CAGR %	975.01	44.85	-31.61	104.92	59.97
Net Income, 2 Yr. CAGR %	975.01	44.85	-31.61	104.92	59.97
Normalized Net Income, 2 Yr. CAGR %	612.12	78.68	-34.2	89.49	72.33
Diluted EPS Before Extra, 2 Yr. CAGR %	868.4	32.03	-35.42	102.32	57.41
Accounts Receivable, 2 Yr. CAGR %	54.81	83.89	43.61	18.72	22.12
Inventory, 2 Yr. CAGR %	73.57	96.1	62.99	2.94	8.52
Net Property, Plant and Equip., 2 Yr. CAGR %	267.59	140	20.37	40.37	44.57
Total Assets, 2 Yr. CAGR %	193.41	90.09	13.5	31.12	33.41
Tangible Book Value, 2 Yr. CAGR %	267.68	117.3	13	21.78	25.01
Common Equity, 2 Yr. CAGR %	262.91	98.89	12.54	19.82	23.26
Cash From Operations, 2 Yr. CAGR %	80.21	292.97	270.59	49.98	24.45
Capital Expenditures, 2 Yr. CAGR %	82.08	134.13	31.9	0.17	30.51
Levered Free Cash Flow, 2 Yr. CAGR %	-	473.43	42.66	20.78	9.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	477.07	42.99	22.73	11.59
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	66.01	61.52	47.35	35.11
Gross Profit, 3 Yr. CAGR %	-	68.52	66.53	48.38	40.36
EBITDA, 3 Yr. CAGR %	-	110.78	245.55	24.12	59.64
EBITA, 3 Yr. CAGR %	-	150.36	120.89	16.28	62.41
EBIT, 3 Yr. CAGR %	-	146.46	119.08	14.35	64.24
Earnings From Cont. Operations, 3 Yr. CAGR %	-	239.62	42.51	12.49	52.27
Net Income, 3 Yr. CAGR %	-	239.62	42.51	12.49	52.27
Normalized Net Income, 3 Yr. CAGR %	-	191.44	41.48	20.56	38.11
Diluted EPS Before Extra, 3 Yr. CAGR %	-	206.02	33.5	7.75	50.1
Accounts Receivable, 3 Yr. CAGR %	-	61.54	58.3	35.33	20.49
Inventory, 3 Yr. CAGR %	-	107.09	51.33	46.18	2
Net Property, Plant and Equip., 3 Yr. CAGR %	-	144.2	97.84	28.53	41.11
Total Assets, 3 Yr. CAGR %	-	112.72	60.88	24.34	27.06
Tangible Book Value, 3 Yr. CAGR %	-	148.63	74.39	19.02	20.62
Common Equity, 3 Yr. CAGR %	-	146.9	63.67	17.94	18.97
Cash From Operations, 3 Yr. CAGR %	-	251.7	150.87	211.46	16.56
Capital Expenditures, 3 Yr. CAGR %	-	100.94	57.28	34.98	6.53
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	193.57	56.84	-2.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	197.54	57.31	-0.5
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	54.06	47.94
Gross Profit, 5 Yr. CAGR %	-	-	-	57.92	52.3
EBITDA, 5 Yr. CAGR %	-	-	-	86.52	142.57
EBITA, 5 Yr. CAGR %	-	-	-	106.98	86.1
EBIT, 5 Yr. CAGR %	-	-	-	106.07	85.6
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	177.48	49.26
Net Income, 5 Yr. CAGR %	-	-	-	177.48	49.26
Normalized Net Income, 5 Yr. CAGR %	-	-	-	145.33	53.09
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	159.34	42.59
Accounts Receivable, 5 Yr. CAGR %	-	-	-	42.82	42.69
Inventory, 5 Yr. CAGR %	-	-	-	56.58	32.48
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	95.68	74.51
Total Assets, 5 Yr. CAGR %	-	-	-	75.29	49.27
Tangible Book Value, 5 Yr. CAGR %	-	-	-	86.88	52.65
Common Equity, 5 Yr. CAGR %	-	-	-	84.89	46.12
Cash From Operations, 5 Yr. CAGR %	-	-	-	150.1	89.53
Capital Expenditures, 5 Yr. CAGR %	-	-	-	52.1	45.97
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	98.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	101