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On Holding AG (ONON) Stock: Price, Forecast & Analyst Target

On Holding AG (ONON) — MoonshotScore 86/100 (Exceptional band), calculated Oct 5, 2026. Price $30.85 (+2.15%), as of the Oct 2, 2026 trading session; market cap $10.3B. Expected results Nov 11, 2026.

Educational signal · not a buy or sell recommendation · How to read this

$30.85 +$0.65 (+2.15%) Market Cap $10.3B

On Holding AG · ONON · NYSE · Consumer Cyclical · Apparel - Footwear & Accessories

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, the rest…

Price as of Oct 2, 2026

Key Statistics

86 of 100

MoonshotScore v2 · On Holding AG (ONON)

Exceptional
Business Quality Elite (89)
Financial Safety Fortress (92)
Valuation Rich (38)
Growth Durability Compounding (92)
Momentum Quiet (41)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite quality, a fortress balance sheet and elite growth, with no real weak spot — fairly priced, so not a bargain entry. Business Quality: Elite; Financial Safety: Fortress; Valuation: Rich; Growth Durability: Compounding; Momentum: Quiet.

  • quarterly revenue $1.02B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 5 of 8
  • Altman Z 6.12 · Piotroski F 7

Helping: business quality, balance-sheet strength, durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for ONON (29 recorded, newest six shown)
RecordedScoreBand
82Exceptional
83Exceptional
86Exceptional
86Exceptional
84Exceptional
84Exceptional

The score moved from 85 in the stored Oct 4, 2026 snapshot to 86 in the current publication computed Oct 5, 2026 (+1); the largest pillar moves were Momentum +1. This current publication is not yet represented in the immutable snapshot archive.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$30.85
Change on the day+2.15%
52-week range$26.36 – $61.29
Market capitalisation$10.3B
Price / earnings (trailing)21.35
Shares traded on the day12.72M
Beta (volatility vs the S&P 500)2.08

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $27, high $49, latest $31. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $49 $27 high $49 Nov 12, 2025 · Earnings results · reported above the recorded estimate · close $421Mar 3, 2026 · Earnings results · reported above the recorded estimate · close $412May 12, 2026 · Earnings results · reported above the recorded estimate · close $373Aug 11, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $324Aug 11, 2026 · Earnings results · reported above the recorded estimate · close $325 Sep 5, 2025 Oct 2, 2026 · $31 $46Sep 5, 2025$45Sep 19, 2025$42Oct 3, 2025$42Oct 17, 2025$37Oct 31, 2025$42Nov 14, 2025$44Nov 28, 2025$49Dec 12, 2025$47Dec 26, 2025$49Jan 9, 2026$46Jan 23, 2026$43Feb 6, 2026$49Feb 20, 2026$41Mar 6, 2026$38Mar 20, 2026$33Apr 2, 2026$37Apr 17, 2026$35May 1, 2026$37May 15, 2026$41May 29, 2026$39Jun 12, 2026$37Jun 26, 2026$39Jul 10, 2026$36Jul 24, 2026$38Aug 7, 2026$30Aug 21, 2026$28Sep 4, 2026$27Sep 18, 2026$31Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • The commitment to premium execution alongside the high DTC mix means we now expect a full year gross margin of at least 65%. And as we pursue high-quality growth and keep investing in our future, we maintain our adjusted EBITDA margin outlook of 19.5% to 20%.

    Frank Sluis · Statement from

  • We expect our full year net sales to grow in the low 20s at constant currency with a higher gross margin outlook and reiterated adjusted EBITDA margin.

    David Allemann · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for On Holding AG (ONON): Bullish Lean

73/100 · A

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Strong
Momentum Neutral
Business Quality Strong
Financial Safety Strong
Valuation Weak

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Neutral read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Favorable read

Read on: Oct 5, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Moderate
Margin of Safety Fairly Valued
Profit Margin Moderate
Revenue Growth Strong
Debt/Equity Moderate
ROE Strong
Gross Margin Strong

Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 9, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the ONON film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is On Holding AG (ONON), and what does it report?

Short answer · as of

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, the rest… On Holding AG (ONON) is listed on NYSE. Consumer Cyclical / Apparel Footwear & Accessories SEC filing business address: Forrlibuckstrasse 190, 8005 Zurich, V8, 00000. It employs 3,963 people and is led by David Allemann. In Q2 FY2026 it reported revenue of $1.02B and net income of $127M. The market values it at $10.3B.

2 · Latest results

What do the latest results show for On Holding AG (ONON)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $1.02B. Against analyst estimates the company has EPS beat 5 of 8 reports.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$1.05B Aug 11, 2026
Latest report · revenue estimate
$1.08B Aug 11, 2026
Latest report · revenue vs estimate
Below estimate Aug 11, 2026
Latest report · EPS vs estimate
Above estimate Aug 11, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 11, 2026$1.05B$1.08B$0.4400$0.4203
May 12, 2026$1.04B$1.03B$0.4700$0.3367
Mar 3, 2026$938.23M$916.12M$0.3100$0.2600
Nov 12, 2025$998.59M$957.03M$0.5000$0.3254

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter (converted from CHF)
PeriodRevenueNet incomeEPS
Q2 FY2026$1.02B$127M$0.38 (diluted)
Q1 FY2026$1.02B$127M$0.38 (diluted)
Q4 FY2025$890M$83M$0.25 (diluted)
Q3 FY2025$957M$143M$0.43 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for On Holding AG (ONON)?

Short answer

The MoonshotScore pillars rate business quality, balance-sheet strength, durable growth as strengths. The distress and quality screens read Altman Z 6.12 · Piotroski F 7. Trailing ratios: ROE 23.3% · ROA 12.3% · current ratio 2.83 · earnings yield 4.8% · free-cash-flow yield 5.1%.

4 · What to check next?

What should you watch next at On Holding AG (ONON)?

Short answer · as of

The next earnings report is expected on Nov 11, 2026. Current published price targets run low $20.00 · high $82.00 · consensus $42.26 · median $40.00 against a quoted price of $30.85 (as of Oct 2, 2026).

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. The commitment to premium execution alongside the high DTC mix means we now expect a full year gross margin of at least 65%. And as we pursue high-quality growth and keep investing in our future, we maintain our adjusted EBITDA margin outlook of 19.5% to 20%.

    Frank Sluis ·

  2. We expect our full year net sales to grow in the low 20s at constant currency with a higher gross margin outlook and reiterated adjusted EBITDA margin.

    David Allemann ·

What the records here don't tell us

  • Detailed statement figures are not shown because their conversion to USD has not been verified.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does On Holding AG compare with its peers?

Short answer

On Holding AG's score ranks 3rd of 6 in the bounded comparison shown, against 5 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Deckers Outdoor Corporation (DECK) Named competitor$79.12 Oct 2, 2026$10.8B97 5-pillar Oct 5, 2026
SharkNinja, Inc. (SN) Named competitor$182.57 Oct 2, 2026$25.8B96 5-pillar Oct 5, 2026
On Holding AG (ONON) — this page$30.85$10.3B86
H World Group Limited (HTHT) Named competitor$41.78 Oct 2, 2026$12.8B81 5-pillar Oct 5, 2026
Crown Holdings, Inc. (CCK) Named competitor$106.05 Oct 2, 2026$11.5B71 5-pillar Oct 5, 2026
Ball Corporation (BALL) Named competitor$56.37 Oct 2, 2026$15.0B67 5-pillar Oct 5, 2026
Birkenstock Holding plc (BIRK) Same industry, near in market value$33.33 Date unavailable$6.13B— Model unavailable
Crocs, Inc. (CROX) Same industry, near in market value$118.09 Date unavailable$5.66B— Model unavailable
Steven Madden, Ltd. (SHOO) Same industry, near in market value$45.97 Date unavailable$3.36B— Model unavailable
NIKE, Inc. (NKE) Same industry, near in market value$33.87 Date unavailable$50.1B— Model unavailable
Wolverine World Wide, Inc. (WWW) Same industry, near in market value$19.20 Date unavailable$1.57B— Model unavailable
Winmark Corporation (WINA) Same industry, near in market value$297.69 Date unavailable$1.07B— Model unavailable
FWDI (FWDI) Same industry, near in market value$8.16 Date unavailable$602M— Model unavailable

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Consumer Cyclical stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$20.00 – $82.00
Consensus target
$42.26
Median target
$40.00

Consensus record · Captured .

Measured against a quoted price of $30.85 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Sep 24, 2026

Transactions
40
Identified insiders
11
Purchases
8
Sales
6
Other transactions
26

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
62.8% Period end Jun 30, 2026
Previous quarter · ownership
62.1% Prior to period end Jun 30, 2026
Reporting holders
548 Period end Jun 30, 2026
Previous quarter · holders
549 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Morgan Stanley20,447,122
Bamco INC /Ny/16,929,770
Fmr LLC16,039,135
Lone Pine Capital LLC13,280,030
Platinum Paramount Investment Ltd.11,312,048

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about On Holding AG (ONON)?

Read these with our analysis →

ONON Consumer Cyclical Stock FAQ

Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

How does On’s direct-to-consumer mix shape premium execution?

Direct-to-consumer sales run through owned stores and ecommerce, placing brand presentation and selling discipline close to the realized margin. Management explicitly connects premium execution and the high mix from this channel with its gross-margin outlook.

Sources (as of 2026-09-13): Business description; Management outlook — dated call excerpts

What is the ONON stock price today?

The last price recorded on this page for On Holding AG (ONON) is $30.85, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the ONON price target?

The analyst consensus price target for On Holding AG (ONON) is $42.26 (range $20.00 to $82.00, median $40.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources — records for every figure on this page (57 figures)

The 57 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsFrank Sluis (Aug 11, 2026): The commitment to premium execution alongside the high DTC mix means we now expect a full year gross margin of at least 65%. And as we pursue high-quality growth and keep investing in our future, we maintain our adjusted EBITDA margin outlook of 19.5% to 20%. David Allemann (Aug 11, 2026): We expect our full year net sales to grow in the low 20s at constant currency with a higher gross margin outlook and reiterated adjusted EBITDA margin.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressForrlibuckstrasse 190, 8005 Zurich, V8, 00000OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "FOerrlibuckstrasse 190, Zurich, ZH, 8005, CH".

FMP — 46 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$30.85FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:41.943Z.
px.changeChange on the day+2.15%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$10.3BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-04T20:54:40.897Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
earn.nextNext earnings dateNov 11, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
id.business_summaryBusiness description (FMP excerpt)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, the rest…FMPFinancial Modeling Prep (FMP) company profile — Deterministic excerpt derived from id.description; source and date describe the input fact, not a new provider observation
px.change_absChange on the day, in dollars+$0.65FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$1.02BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)21.35FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day12.72MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta2.08FMPFinancial Modeling Prep (FMP) company profile
id.sectorSector / industry (provider taxonomy)Consumer Cyclical / Apparel Footwear & AccessoriesFMPFinancial Modeling Prep (FMP) company profile — The company's SEC filings classify it under SIC 3021 — Rubber & Plastics Footwear.
id.employeesEmployees3,963FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
id.ceoChief executiveDavid AllemannFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
fin.q_incomeNet income, Q2 FY2026$127MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
id.founderFounder named in the filingOlivier Bernhard — Co-Founder & Executive DirectorFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
earn.history.depth.2026-08-11.revenue_actualRevenue · reported — report date 2026-08-11$1.05BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-11.revenue_estimatedRevenue · estimate — report date 2026-08-11$1.08BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-11.eps_actualEPS · reported — report date 2026-08-11$0.4400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-11.eps_estimatedEPS · estimate — report date 2026-08-11$0.4203Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-12.revenue_actualRevenue · reported — report date 2026-05-12$1.04BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-12.revenue_estimatedRevenue · estimate — report date 2026-05-12$1.03BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-12.eps_actualEPS · reported — report date 2026-05-12$0.4700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-12.eps_estimatedEPS · estimate — report date 2026-05-12$0.3367Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-03-03.revenue_actualRevenue · reported — report date 2026-03-03$938.23MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-03-03.revenue_estimatedRevenue · estimate — report date 2026-03-03$916.12MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-03-03.eps_actualEPS · reported — report date 2026-03-03$0.3100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-03-03.eps_estimatedEPS · estimate — report date 2026-03-03$0.2600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-12.revenue_actualRevenue · reported — report date 2025-11-12$998.59MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-12.revenue_estimatedRevenue · estimate — report date 2025-11-12$957.03MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-12.eps_actualEPS · reported — report date 2025-11-12$0.5000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-12.eps_estimatedEPS · estimate — report date 2025-11-12$0.3254Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
earn.ptStored analyst price targetslow $20.00 · high $82.00 · consensus $42.26 · median $40.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_rangeAnalyst price target, low to high$20.00 – $82.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$42.26FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$40.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP40 transactions · 8 purchases, 6 sales, 26 other transactions · 11 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Sep 24, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership62.8%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership62.1%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders548FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders549FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesMorgan Stanley — shares in provider snapshot20,447,122FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesBamco INC /Ny/ — shares in provider snapshot16,929,770FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesFmr LLC — shares in provider snapshot16,039,135FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesLone Pine Capital LLC — shares in provider snapshot13,280,030FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesPlatinum Paramount Investment Ltd. — shares in provider snapshot11,312,048FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 4 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 5 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-04
fin.scoresDistress and quality screensAltman Z 6.12 · Piotroski F 7UNRECORDEDStored financial-scores observation — Captured 2026-10-05
px.range5252-week range$26.36 – $61.29UNRECORDEDStored company-profile observation — Captured 2026-10-04
fin.ratiosReturn and yield ratios (trailing twelve months)ROE 23.3% · ROA 12.3% · current ratio 2.83 · earnings yield 4.8% · free-cash-flow yield 5.1%—UNRECORDEDStored key metrics — Date unknown

COMPUTED — 2 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.history.depth.2026-08-11.revenue_actual.comparisonLatest report · revenue vs estimateBelow estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.05B) with the recorded estimate ($1.08B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-11.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.4400) with the recorded estimate ($0.4203) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 3 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v286 of 100 · Exceptional · pillars 89 / 92 / 38 / 92 / 41OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement85 (stored snapshot Oct 4, 2026) → 86 (current publication computed Oct 5, 2026) (+1)OURSStock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive.
gap.statement_currencyStatement currency limitationDetailed statement figures are not shown because their conversion to USD has not been verified.OURSStock Expert AI currency-basis check

Fact-family notes

  1. Earnings-history note. Source series as of 2026-08-11. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-11.revenue_actual, earn.history.depth.2026-08-11.revenue_estimated, earn.history.depth.2026-08-11.revenue_actual.comparison, earn.history.depth.2026-08-11.eps_actual.comparison, earn.history.depth.2026-08-11.eps_actual, earn.history.depth.2026-08-11.eps_estimated, earn.history.depth.2026-05-12.revenue_actual, earn.history.depth.2026-05-12.revenue_estimated, earn.history.depth.2026-05-12.eps_actual, earn.history.depth.2026-05-12.eps_estimated, earn.history.depth.2026-03-03.revenue_actual, earn.history.depth.2026-03-03.revenue_estimated, earn.history.depth.2026-03-03.eps_actual, earn.history.depth.2026-03-03.eps_estimated, earn.history.depth.2025-11-12.revenue_actual, earn.history.depth.2025-11-12.revenue_estimated, earn.history.depth.2025-11-12.eps_actual, earn.history.depth.2025-11-12.eps_estimated.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
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, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Management outlook — dated call excerpts
Captured record · 2 entries
  • Call of 2026-08-11 — Quote: The commitment to premium execution alongside the high DTC mix means we now expect a full year gross margin of at least 65%. And as we pursue high-quality growth and keep investing in our future, we maintain our adjusted EBITDA margin outlook of 19.5% to 20%., Speaker: Frank Sluis
  • Call of 2026-08-11 — Quote: We expect our full year net sales to grow in the low 20s at constant currency with a higher gross margin outlook and reiterated adjusted EBITDA margin., Speaker: David Allemann

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-11OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold ONON

Funds in our ETF coverage that list ONON among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
American Century Mid Cap Growth Impact ETF (MID)3.43%