To the full analysis
On Holding stock: growth
ONONOn Holding reported $3.62B in revenue for fiscal 2025, up 30% on the prior year, up 47.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
49.8%
per year from 2019 to 2025, per share 47.9%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2019 | |
|---|---|---|
| Revenue | 47.9% | 49.8% |
| Revenue per share | 45.7% | 47.9% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2019 | $320.62M | −$1.77M | −$17.33M |
| 2020 | $510.48M | −$33.01M | −$39.97M |
| 2021 | $869.72M | −$204.29M | −$23.17M |
| 2022 | $1.47B | $69.26M | −$372.09M |
| 2023 | $2.15B | $95.54M | $221.93M |
| 2024 | $2.78B | $290.83M | $534.85M |
| 2025 | $3.62B | $244.5M | $303.89M |
Revenue by segment
How On Holding AG makes its money and how that has shifted. Names are as the company reports them.
- Shoes93%
- Apparel6%
- Accessories1%
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| Shoes | $820.14M | $1.4B | $2.05B | $2.64B | $3.37B | 93% |
| Apparel | $43.62M | $56.77M | $82.7M | $121.23M | $203.93M | 5.6% |
| Accessories | $5.95M | $8.88M | $14.16M | $21.24M | $47.53M | 1.3% |
| Total revenue | $869.72M | $1.47B | $2.15B | $2.78B | $3.62B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CHF 0.8331)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 12 Nov 2026, previously Strong
- Valuation signal Undervalued since 11 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.