InsiderClue
Stocks · Materials · Rubber & Plastics Footwear

On Holding AG

ONON Clue Score77
Switzerland Fiscal year ends December CIK 0001858985
$35.09 +3.08% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $35.09 +14.34% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 15 Sep 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue267.1Operating income5.7Net income−1.5Fiscal year 2020Revenue425.3 +59.2%Operating income−17.1Net income−27.5Fiscal year 2021Revenue724.6 +70.4%Operating income−141.1Net income−170.2Fiscal year 2022Revenue1,222.1 +68.7%Operating income85.1Net income57.7Fiscal year 2023Revenue1,792.1 +46.6%Operating income180.2Net income79.6 +38.0%Fiscal year 2024Revenue2,318.3 +29.4%Operating income211.6Net income242.3 +204.4%Fiscal year 2025Revenue3,014.0 +30.0%Operating income377.0Net income203.7 −15.9%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 267.1 425.3 724.6 1,222.1 1,792.1 2,318.3 3,014.0
Growth +59.2% +70.4% +68.7% +46.6% +29.4% +30.0%
Operating income 5.7 −17.1 −141.1 85.1 180.2 211.6 377.0
Net income −1.5 −27.5 −170.2 57.7 79.6 242.3 203.7
Growth +38.0% +204.4% −15.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin53.6%Operating margin2.1%Net margin−0.6%Free cash flow margin−4.7%Fiscal year 2020Gross margin54.3%Operating margin−4.0%Net margin−6.5%Free cash flow margin−6.0%Fiscal year 2021Gross margin59.4%Operating margin−19.5%Net margin−23.5%Free cash flow margin−1.1%Fiscal year 2022Gross margin56.0%Operating margin7.0%Net margin4.7%Free cash flow margin−23.5%Fiscal year 2023Gross margin59.6%Operating margin10.1%Net margin4.4%Free cash flow margin10.6%Fiscal year 2024Gross margin60.6%Operating margin9.1%Net margin10.5%Free cash flow margin19.4%Fiscal year 2025Gross margin62.8%Operating margin12.5%Net margin6.8%Free cash flow margin9.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 53.6% 54.3% 59.4% 56.0% 59.6% 60.6% 62.8%
Operating margin 2.1% −4.0% −19.5% 7.0% 10.1% 9.1% 12.5%
Net margin −0.6% −6.5% −23.5% 4.7% 4.4% 10.5% 6.8%
Free cash flow margin −4.7% −6.0% −1.1% −23.5% 10.6% 19.4% 9.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−5.2Capital expenditure−7.4Free cash flow−12.7Fiscal year 2020Operating cash flow−14.7Capital expenditure−11.0Free cash flow−25.7Fiscal year 2021Operating cash flow16.9Capital expenditure−24.6Free cash flow−7.7Fiscal year 2022Operating cash flow−227.0Capital expenditure−60.3Free cash flow−287.3Fiscal year 2023Operating cash flow232.1Capital expenditure−42.8Free cash flow189.3Fiscal year 2024Operating cash flow510.6Capital expenditure−60.5Free cash flow450.1 +137.8%Fiscal year 2025Operating cash flow359.5Capital expenditure−72.9Free cash flow286.6 −36.3%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −5.2 −14.7 16.9 −227.0 232.1 510.6 359.5
Capital expenditure −7.4 −11.0 −24.6 −60.3 −42.8 −60.5 −72.9
Free cash flow −12.7 −25.7 −7.7 −287.3 189.3 450.1 286.6
Growth +137.8% −36.3%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2019Shareholders’ equity64.4Fiscal year 2020Cash90.6Shareholders’ equity245.1Fiscal year 2021Cash653.1Shareholders’ equity848.4Fiscal year 2022Cash371.0Shareholders’ equity969.5Fiscal year 2023Cash494.6Shareholders’ equity1,074.5Fiscal year 2024Cash924.3Shareholders’ equity1,391.8Fiscal year 2025Cash1,019.9Shareholders’ equity1,632.4
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 90.6 653.1 371.0 494.6 924.3 1,019.9
Shareholders’ equity 64.4 245.1 848.4 969.5 1,074.5 1,391.8 1,632.4

In millions of CHF, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
53.6% 54.3% 59.4% 56.0% 59.6% 60.6% 62.8%
2.1% −4.0% −19.5% 7.0% 10.1% 9.1% 12.5%
1.2% −5.7% −22.0% 6.4% 3.9% 12.1% 6.8%
−0.6% −6.5% −23.5% 4.7% 4.4% 10.5% 6.8%
−4.7% −6.0% −1.1% −23.5% 10.6% 19.4% 9.5%
Spending
n/a 0.4% 0.7% 0.7% 0.5% 0.4% 0.4%
51.4% 58.4% 78.9% 49.1% 49.5% 51.5% 50.3%
2.8% 2.6% 3.4% 4.9% 2.4% 2.6% 2.4%
146.8% n/a n/a 25.9% −15.2% 13.4% 0.7%
Returns
−2.3% −11.2% −20.1% 6.0% 7.4% 17.4% 12.5%
n/a −7.2% −13.8% 4.2% 5.0% 10.2% 7.2%

Shown in CHF as filed; the screener converts to dollars.