# On Holding AG (ONON)

Source page: https://stoqly.net/companies/onon

- **Ticker:** ONON (NYSE)
- **Sector:** Materials / Rubber & Plastics Footwear
- **SEC CIK:** 0001858985
- **Latest annual report:** 20-F filed 2026-03-03 (https://www.sec.gov/Archives/edgar/data/1858985/000185898526000008/onholdingag-20251231.htm)
- **Data updated:** 2026-11-09

## Key figures

- **Last close:** $37.53 on 2026-11-09 (+0.46% on the day)
- **Revenue (FY2025):** $3.6B
- **Revenue growth:** +37.7%
- **Revenue growth, 5-year CAGR:** +51.6%
- **Gross margin:** 62.8%
- **Operating margin:** 12.5%
- **Net margin:** 6.8%
- **Free cash flow:** $345M
- **Free cash flow margin:** 9.5%
- **Return on equity:** 13.6%
- **Piotroski F-score:** 6/9
- **Insider buys, last 90 days:** $4.0M
- **Insider sells, last 90 days:** $0.1M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/onon/figures.csv

| US$ millions | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 269 | 453 | 793 | 1,280 | 1,995 | 2,633 | 3,626 |
| Operating income | 6 | -18 | -154 | 89 | 201 | 240 | 454 |
| Net income | -1 | -29 | -186 | 60 | 89 | 275 | 245 |
| Operating cash flow | -5 | -16 | 18 | -238 | 258 | 580 | 433 |
| Free cash flow | -13 | -27 | -8 | -301 | 211 | 511 | 345 |
| Cash | — | 103 | 716 | 402 | 590 | 1,020 | 1,287 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.