On Holding AG logo ONON - On Holding AG

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 20
HOLD 5
SELL 1
STRONG
SELL
0
| PRICE TARGET: $54.75 DETAILS
HIGH: $85.00
LOW: $42.00
MEDIAN: $52.00
CONSENSUS: $54.75
UPSIDE: 37.53%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 850.5 738.1 794.4 749.2 726.6 606.6 635.8 567.7 508.2 447.1 480.5 444.3 420.2 366.7 328 291.7 235.7 191.1 218.0 175.1 140.4 124.3 130.1 85.5 85.5
Cost of Revenue 304.2 266.5 272.1 288.4 291.3 229.8 250.5 227.4 204.9 176.9 192.8 179.8 175.3 152.2 140.6 130.9 113.6 79.3 86.7 68.7 59.6 60.0 59.3 37.5 37.5
Gross Profit 546.2 471.7 522.2 460.8 435.3 376.8 385.3 340.3 303.3 270.2 287.7 264.5 244.9 214.6 187.4 160.8 122.1 111.8 131.3 106.3 80.8 64.3 70.8 48.0 48.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 8.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 426.2 389.8 397.5 368 358.2 323.8 312.7 292.9 264.8 855.2 229.9 216 197.8 566 146.7 134.5 115.7 112.9 105.0 83.0 66.3 57.0 51.5 42.5 62.7
Other Expenses 0 0 0.1 0 0.1 (0.1) 0 0.1 0 (634.6) 0 9.1 4.8 (366.1) 0 0.1 3.0 176.3 2.4 0 25.5 9.0 5.3 20.2 0
Operating Expenses 426.2 389.8 397.6 368 358.3 323.7 312.7 293 264.8 229.5 229.9 225.1 202.6 199.9 146.7 134.6 118.7 289.3 107.4 83.0 91.7 66.1 56.8 62.7 62.7
Operating Income
Operating Income 120.0 81.9 124.7 92.8 77 53.1 72.6 47.3 38.5 40.7 57.8 39.4 42.3 14.7 40.7 26.3 3.4 (177.5) 23.9 23.4 (10.9) (1.8) 14.0 (14.7) (14.7)
Interest Expense 8.2 7.7 8.1 7.4 5.8 6.1 6.3 5.7 5.1 4.3 3.3 1.9 1.7 0.9 2.5 1.5 1.5 0.2 0.7 1.0 0.5 0 0.2 0 0
Interest Income 7.2 7.9 8.1 7.3 7.2 6.6 5.8 5.8 5.6 4.0 1.0 4.3 2.1 2.3 1.9 1.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Profitability
EBITDA 156.4 116.1 158.9 (8.9) 98.1 118.8 63.5 73.3 142.8 46.9 89 45.5 56.1 19.1 40.9 70.2 7.4 (174.7) 38.5 29.4 (8.2) (0.1) 17.3 (12.2) (12.2)
EBIT 120.0 81.9 126.7 (41.3) 69.8 90.1 36.1 46.9 120.7 40.3 72.5 39.3 42.3 14.6 27.2 59.5 3.4 (177.5) 23.9 23.0 (10.9) (1.8) 14.0 (14.7) (14.7)
Income Before Tax 118.7 69.5 118.6 (47.3) 63.9 91.5 29.6 42.7 115.8 (44.9) 69.3 (6.7) 51.5 (24.4) 24.7 58.2 19.4 (191.0) 18.2 22.0 (8.7) (2.8) 8.8 (15.2) (15.2)
Income Tax Expense 13.1 0.9 (0.3) (6.4) 7.2 2 (0.9) 11.8 24.4 (18.2) 10.6 (10) 7.1 2.0 4.1 9 5.0 (4.1) 5.2 7.8 1.7 (0.2) 0.7 1.3 1.3
Net Income 105.6 68.6 118.9 (40.9) 56.7 89.6 30.5 30.8 91.4 (26.7) 58.7 3.3 44.4 (26.4) 20.6 49.1 14.3 (187.0) 13.0 14.2 (10.5) (2.6) 8.1 (16.5) (16.5)
Per Share Data
EPS (Basic) 0.32 0.21 0.36 -0.12 0.17 0.26 0.09 0.09 0.28 -0.08 0.19 0.01 0.14 -0.08 0.06 0.16 0.05 -0.60 0.05 0.05 -0.04 -0.01 0.03 -0.06 -0.06
EPS (Diluted) 0.31 0.21 0.36 -0.12 0.17 0.26 0.09 0.09 0.28 -0.08 0.19 0.01 0.14 -0.08 0.06 0.16 0.05 -0.60 0.04 0.05 -0.04 -0.01 0.03 -0.06 -0.06
Shares Outstanding 331.6 330.4 334.0 338.9 338.9 338.9 338.9 327.3 322.2 319.3 319.0 318.7 318.1 316.5 343.9 312.3 280.8 311.6 259.9 305.7 267.5 267.5 267.5 259.1 259.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2020 Q4
Current Assets
Cash & Cash Equivalents 1,017.4 1,021.1 961.8 846.6 871.8 924.3 749 652.4 584.6 494.6 432 337.1 361.3 371 355.9 557.7 626.3 653.1 672.2 106.6 90.6
Short-Term Investments 0 0 63.1 51.9 41.9 43.7 37.3 19.5 0 17.8 51.9 34.5 34.8 26.3 31.2 19.9 36.9 23.7 41.4 24.9 17.1
Net Receivables 401.4 305.7 340.9 394.6 362.7 246.1 320.5 314 290.1 204.8 256.9 252.7 238.5 174.6 178.2 158.5 130.6 99.3 105.2 84.0 51.6
Inventory 404.8 420.3 380.6 360.4 399.3 419.2 348.9 401.3 365.3 356.5 424.5 435.9 465.2 395.6 262.5 216.7 162.5 134.2 145.3 146.9 102.9
Other Current Assets 223.6 217.5 165.3 37.4 124.6 84.4 99 84.9 120.1 50.6 84 79.9 92.4 63 208.7 64.7 58.7 37.8 40.1 29.6 14.8
Total Current Assets 2,047.2 1,964.6 1,911.7 1,731.9 1,800.3 1,759.7 1,554.7 1,501.5 1,360.1 1,151.3 1,249.3 1,155.6 1,192.2 1,051.5 1,036.6 1,060.2 1,014.9 964.6 1,004.2 392.0 282.3
Non-Current Assets
Property, Plant & Equipment 670.2 643.6 615.1 604 441.1 450.8 430.9 430.8 409.3 307.7 319.7 237.5 242.9 228.8 416.0 238.6 227.0 212.3 193.4 182.2 39.7
Goodwill 53.9 0 0 1.8 0 1.8 0 1.8 0 1.8 0 1.8 0 1.8 0 1.8 0 1.8 0 1.8 1.8
Intangible Assets 0 54.3 54.6 53.5 56.4 56.5 60.3 59.9 63.1 62.8 65.6 65.6 69.1 68.5 56.5 55.2 57.7 55.7 58.4 56.1 52.9
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0 0 170.2 (0.1) 121 107.9 59.2 51.8 54.4 69.4 70.8 76.9 40.1 31.8 22.2 16.5 3.9 2.1 3.6 3.6 0
Total Non-Current Assets 907.7 874.0 839.9 811.7 618.5 617 550.4 544.3 526.8 441.7 456.1 381.5 352.1 330.9 494.6 312.1 288.5 271.9 255.3 243.7 100.3
Total Assets 2,954.8 2,838.6 2,751.6 2,543.6 2,418.8 2,376.7 2,105.1 2,045.8 1,886.9 1,593 1,705.4 1,537.1 1,544.3 1,382.4 1,531.2 1,372.2 1,303.5 1,236.5 1,259.5 635.7 382.6
Current Liabilities
Account Payables 157.3 155.0 155.6 160.7 162 166.5 129.3 148.2 92.5 65.1 99.8 90 130.7 111 58.1 44.4 42.7 45.9 50.1 75.4 41.5
Short-Term Debt 136.6 138.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 337.1 368.9 516.9 94.3 424.1 152.4 405.7 62.3 316.6 62.9 272.8 77.8 217.3 40 138.6 37.6 194.9 15.9 134.3 49.7 5.7
Total Current Liabilities 686.5 725.2 748.6 685.9 643.4 660.4 535 504.1 409.1 305.6 372.6 329.1 348 242.7 196.7 236.1 237.6 205 189.1 196.7 86.4
Non-Current Liabilities
Long-Term Debt 5.8 2.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 8.8 9.3 0 8.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.7
Other Non-Current Liabilities 31.5 26.2 33.9 25 37.3 36 22.9 26.3 22.1 22.6 31.5 40.4 28.6 31.4 27.6 24.0 18.4 15.9 13.0 13.6 26.3
Total Non-Current Liabilities 501.8 479.1 461.7 460.7 318 324.5 304.7 310.7 295 212.9 239.3 181.3 177.6 170.2 373.6 200.3 187.5 183.1 173.8 170.4 51.1
Total Liabilities 1,188.3 1,204.4 1,210.3 1,146.6 961.4 984.9 839.7 814.8 704.1 518.5 611.9 510.4 525.6 412.9 570.3 436.4 425.1 388.1 362.9 367.1 137.5
Stockholders' Equity
Common Stock 34.0 34.1 34 33.7 33.7 33.7 33.7 33.5 33.5 33.5 33.5 33.5 33.5 33.5 33.5 33.5 33.5 33.5 33.5 2.2 2.2
Retained Earnings 484.4 383.0 313.6 194.7 235.6 232.8 89.4 107.2 28 (21) (36.6) (56.4) (98.5) (109.1) (116.5) (108.1) (186.3) (189.6) (3.1) (24.0) (30.4)
Accumulated Other Comprehensive Income 516.0 1,290.5 1,220.4 1,195.2 1,214.7 395.2 1,169.1 360.1 1,148 331.8 1,123 319.1 1,109.8 314.3 1,070.1 279.8 1,057.0 272.6 111.9 115.1 273.3
Total Stockholders' Equity 1,766.5 1,634.3 1,541.3 1,397 1,457.4 1,391.8 1,265.4 1,231 1,182.8 1,074.5 1,093.5 1,026.7 1,018.7 969.5 960.9 935.9 878.3 848.4 896.6 268.6 245.1
Total Liabilities & Equity 2,954.8 2,838.6 2,751.6 2,543.6 2,418.8 2,376.7 2,105.1 2,045.8 1,886.9 1,593 1,705.4 1,537.1 1,544.3 1,382.4 1,531.2 1,372.2 1,303.5 1,236.5 1,259.5 635.7 382.6
Debt Metrics
Total Debt 598.1 581.7 503.9 497.8 338 347.6 281.8 339.5 272.9 229 207.8 164.3 149 160.4 346.0 193.7 169.1 180.8 160.8 167.8 23.7
Net Debt (419.2) (439.4) (457.9) (348.8) (533.8) (576.7) (467.2) (312.9) (311.7) (265.6) (224.2) (172.8) (212.3) (210.6) (9.9) (364.0) (457.1) (472.3) (511.4) 61.1 (66.9)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 105.6 68.6 118.8 (40.9) 56.7 89.6 30.5 30.8 91.4 (26.7) 58.6 3.3 44.4 (26.4) 20.6 49.2 14.3 (187.0) 13.0 14.2 (10.5) (2.6) 8.1 (16.5) (16.5)
Depreciation & Amortization 36.4 34.2 32.2 32.4 28.3 28.7 27.4 26.4 22.1 20.4 16.5 14.2 13.8 12.7 13.7 10.7 9.3 12.0 7.7 6.4 5.3 4.0 3.2 2.4 2.4
Stock-Based Compensation 0 0 24.5 13.6 11.6 15.1 19.5 13.1 9.8 12.5 6.3 6.2 2.3 35.6 0.9 0.6 1.2 170.4 2.1 (5.6) 25.5 9.0 5.3 20.2 20.2
Change in Working Capital (122.1) (29.1) (13.1) (9.6) (123.8) 66.1 50.5 16.1 9.1 54.5 45.1 (49.1) (58.3) (132.8) (66.8) (77.2) (76.6) 16.4 (65.7) 25.6 (42.6) (20.0) (26.8) (6.0) (6.0)
Other Non-Cash Items 3.7 106.8 (4.9) 112.1 7.9 (32.7) 31.3 4.2 (75.8) 78.9 (29.7) 39.3 (9.9) 38.9 (4.7) (54.1) (16.4) 17.6 (0.6) (1.1) 3.1 6.4 (0.0) (1.0) (1.0)
Operating Cash Flow 23.6 106.7 157.3 101.2 (12.1) 168.8 158.3 102.5 81 121.4 107.4 3.9 (0.6) (69.9) (32.2) (61.7) (63.2) 25.4 (38.2) 47.2 (17.5) (3.4) (9.5) (0.9) (0.9)
Investing Activities
Capital Expenditure (17.1) (26.6) (20.5) (17.4) (12.1) (19.8) (19.2) (16.9) (9.1) (18.1) (8.1) (11.2) (9.8) (33.7) (22) (9.6) (16.3) (16.1) (10.6) (4.3) (5.3) (6.7) (4.6) (2.0) (2.0)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 (1.7) (1.3) (0.8) (0.7) (1.4) (1.2) (1.1) (1.7) (0.6) (0.9) (1.1) (17.0) (2) (1.4) (2.2) (3.5) (0.0) (3.4) (2.9) (2.6) (1.8) (1.6) (1.6)
Investing Cash Flow (19.1) (28.4) (20.6) (17.3) (12.1) (19.7) (19.2) (16.9) (9.1) (18) (8.1) (11.3) (9.7) (33.6) (22) (11) (16.3) (16.1) (10.6) (4.3) (5.5) (6.7) (4.7) (3.6) (3.6)
Financing Activities
Net Debt Issuance 0 0 (16.6) (20.7) (14) (13.9) (13.7) (12) (11.7) (9.3) (6) (5.3) (4.9) (5.0) (3.6) (2.4) (4.4) (6.4) (3.3) (2.0) (1.6) (1.3) (0.8) 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (16.1) (18.5) (4.7) (4.3) 2 (1.7) (0.3) (0.7) (1.4) 1.1 (0.9) 2.4 1.1 1.3 2.4 2.4 15.6 (7.1) (0.5) (1.0) (0.4) (0.2) (0.1) 63.6 63.6
Financing Cash Flow (15.2) (14.2) (21.3) (25) (12) (15.6) (14) (12.7) (13.1) (8.2) (6.9) (2.9) (3.8) (3.7) (1.2) 0.0 11.2 (13.6) 614.4 (3.1) (1.9) (1.5) (0.9) 63.6 63.6
Cash Position
Net Change in Cash (13.9) 62.3 115.2 (25.2) (52.5) 175.3 96.6 67.8 90 62.6 94.9 (24.2) (9.7) (122.0) (64.7) (42.7) (52.7) (19.0) 565.6 39.5 (23.5) (12.2) (15.4) 59.0 47.2
Cash at Beginning 1,031.3 958.8 846.6 871.8 924.3 749 652.4 584.6 494.6 432 337.1 361.3 371 493.0 557.7 600.4 653.1 672.1 106.5 67.1 90.6 102.8 118.1 59.1 11.9
Cash at End 1,017.4 1,021.1 961.8 846.6 871.8 924.3 749 652.4 584.6 494.6 432 337.1 361.3 371 493 557.7 600.4 653.1 672.1 106.5 67.1 90.6 102.8 118.1 59.1
Free Cash Flow 6.5 80.1 136.8 83.8 (24.2) 149 139.1 85.6 71.9 103.3 99.3 (7.3) (10.4) (103.6) (54.2) (71.3) (79.5) 9.3 (48.8) 43.0 (22.8) (10.1) (14.1) (2.9) (2.9)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 850.5 738.1 794.4 749.2 726.6 606.6 635.8 567.7 508.2 447.1 480.5 444.3 420.2 366.7 328 291.7 235.7 191.1 218.0 175.1 140.4 124.3 130.1 85.5 85.5
Gross Profit 546.2 471.7 522.2 460.8 435.3 376.8 385.3 340.3 303.3 270.2 287.7 264.5 244.9 214.6 187.4 160.8 122.1 111.8 131.3 106.3 80.8 64.3 70.8 48.0 48.0
Operating Income 120.0 81.9 124.7 92.8 77 53.1 72.6 47.3 38.5 40.7 57.8 39.4 42.3 14.7 40.7 26.3 3.4 (177.5) 23.9 23.4 (10.9) (1.8) 14.0 (14.7) (14.7)
Net Income 105.6 68.6 118.9 (40.9) 56.7 89.6 30.5 30.8 91.4 (26.7) 58.7 3.3 44.4 (26.4) 20.6 49.1 14.3 (187.0) 13.0 14.2 (10.5) (2.6) 8.1 (16.5) (16.5)
EPS (Diluted) 0.31 0.21 0.36 -0.12 0.17 0.26 0.09 0.09 0.28 -0.08 0.19 0.01 0.14 -0.08 0.06 0.16 0.05 -0.60 0.04 0.05 -0.04 -0.01 0.03 -0.06 -0.06
Balance Sheet
Cash & Equivalents 1,017.4 1,021.1 961.8 846.6 871.8 924.3 749 652.4 584.6 494.6 432 337.1 361.3 371 355.9 557.7 626.3 653.1 672.2 106.6 90.6
Total Assets 2,954.8 2,838.6 2,751.6 2,543.6 2,418.8 2,376.7 2,105.1 2,045.8 1,886.9 1,593 1,705.4 1,537.1 1,544.3 1,382.4 1,531.2 1,372.2 1,303.5 1,236.5 1,259.5 635.7 382.6
Total Debt 598.1 581.7 503.9 497.8 338 347.6 281.8 339.5 272.9 229 207.8 164.3 149 160.4 346.0 193.7 169.1 180.8 160.8 167.8 23.7
Stockholders' Equity 1,766.5 1,634.3 1,541.3 1,397 1,457.4 1,391.8 1,265.4 1,231 1,182.8 1,074.5 1,093.5 1,026.7 1,018.7 969.5 960.9 935.9 878.3 848.4 896.6 268.6 245.1
Cash Flow
Operating Cash Flow 23.6 106.7 157.3 101.2 (12.1) 168.8 158.3 102.5 81 121.4 107.4 3.9 (0.6) (69.9) (32.2) (61.7) (63.2) 25.4 (38.2) 47.2 (17.5) (3.4) (9.5) (0.9) (0.9)
Capital Expenditure (17.1) (26.6) (20.5) (17.4) (12.1) (19.8) (19.2) (16.9) (9.1) (18.1) (8.1) (11.2) (9.8) (33.7) (22) (9.6) (16.3) (16.1) (10.6) (4.3) (5.3) (6.7) (4.6) (2.0) (2.0)
Free Cash Flow 6.5 80.1 136.8 83.8 (24.2) 149 139.1 85.6 71.9 103.3 99.3 (7.3) (10.4) (103.6) (54.2) (71.3) (79.5) 9.3 (48.8) 43.0 (22.8) (10.1) (14.1) (2.9) (2.9)