On Holding AG
ONONConsumer CyclicalNASDAQFootwear & Accessories · Last scanned Oct 26, 2026
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Daily timeframeHeadquartered within the consumer cyclical sector, On Holding AG focuses on Footwear & Accessories services and products. On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States,. With a market capitalization of $10.87B, it sits in large-cap territory. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers.
Market Cap
$10.87B
Beta
2.08
P/E (TTM)
21.67
P/E (Fwd)
15.73
EPS (TTM)
$1.50
EPS (Fwd)
$2.07
ROE
23.9%
ROA
9.6%
Cash
$1.24B
Total Debt
$562.5M
Free CF
$288.5M
52W Change
-23.0%
Annual Financials
Cash vs Debt
Where ONON stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, ONON finished 2.25% above its 150-day moving average ($34.63) and 5.02% below its 200-day moving average ($37.28). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is ONON overbought or oversold?
At the October 20, 2026 close, ONON's RSI(14) was 89.8, in overbought territory (above 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The balance sheet looks solid with $1.24B in cash comfortably exceeding the $562.5M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Annual free cash flow of $288.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 23.9%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 9.6% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $724.6M (2021) to $3.01B (2025), reflecting a 316% increase over the period.
A beta of 2.08 means ONON is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence On Holding AG's trajectory.