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On Holding stock: key metrics
ONONOn Holding had an operating margin of 12.5% and a return on invested capital (ROIC) of 38.1% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2019 | 53.6% | 2.1% | −0.6% |
| 2020 | 54.3% | −4.0% | −6.5% |
| 2021 | 59.4% | −19.5% | −23.5% |
| 2022 | 56.0% | 7.0% | 4.7% |
| 2023 | 59.6% | 10.1% | 4.4% |
| 2024 | 60.6% | 9.1% | 10.5% |
| 2025 | 62.8% | 12.5% | 6.8% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2019 | −2.3% | 4.3% | −1.0% |
| 2020 | −11.2% | −11.5% | −7.2% |
| 2021 | −20.1% | −42.8% | −13.8% |
| 2022 | 6.0% | 11.6% | 4.2% |
| 2023 | 7.4% | 23.7% | 5.0% |
| 2024 | 17.4% | 23.5% | 10.2% |
| 2025 | 12.5% | 38.1% | 7.2% |
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.