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On Holding AG

corporate_fare Company Profile

On Holding AG

ONON·NYSE·Manufacturing·CIK 0001858985

On designs and sells athletic footwear, apparel, and accessories. In 2025, the company's net sales increased by 30.0% to CHF 3,014.0 million compared to 2024. This growth was driven by strong consumer demand across sales channels, product categories, and geographic regions, along with strategic expansion into new products and markets. On distributes its products through two main channels: wholesale and direct-to-consumer (DTC). The wholesale channel, which accounted for 58.2% of net sales in 2025, involves partnerships with general sporting, specialty running, outdoor, fashion, and lifestyle retailers globally. Key accounts include Dick's Sporting Goods, JD Sports, and Foot Locker. The DTC channel, comprising e-commerce sites and store revenue, represented 41.8% of net sales in 2025. As of December 31, 2025, On operates 67 retail locations globally. This includes 14 retail stores in the Americas, 10 in Europe, and 5 in Asia Pacific (excluding China). Additionally, the company has 38 locations in China, including Hong Kong, which consist of both mall-based and standalone retail stores. On's product portfolio is built on proprietary technologies such as CloudTec, CloudTec Phase, Helion superfoam, and Speedboard. In 2025, the company advanced its LightSpray technology and introduced new products leveraging these innovations, which significantly contributed to the net sales increase.

On Holding AG (NYSE:ONON) is a publicly traded company in the Manufacturing sector. Wiseek has independently scored 21 items for ONON at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-22, rated 8/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 13 rated 8 or above. Recent SEC coverage for ONON spans 6-K, 144, 20-F.

Recent high-impact activity:

  • On Holding Jumps 11% as $7B Sales Goal and $1B Buyback Fuel Best Day Since 2025
  • On Holding Sets 2029 Targets, Authorizes $1B Buyback
  • On Holding Signs Kylian Mbappé, Ending His 20-Year Nike Deal
  • On Holding Slashes Full-Year Sales Outlook, Shares Plunge 19% on Weak Running-Shoe Sales
  • On Holding AG Delivers Q2 2026 Net Sales of CHF 850.3M and Gross Margin of 65.4%, Lifting Full-Year Margin Outlook

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
CHF 3.01B CHF
Net Income
CHF 203.7M CHF
Op. Cash Flow
CHF 359.5M CHF
Free Cash Flow
CHF 286.6M CHF
Gross Profit
CHF 1.89B CHF
Operating Income
CHF 377M CHF
Cash & Equivalents
CHF 1.02B CHF
Debt / Equity
0.00×
Net Margin
6.8%
Source: 20-F · filed 2026-03-03 · accession 0001858985-26-000008

Short Interest & Short Volume

3.07 days to cover

FINRA reported short interest of 22,998,830 shares in ONON as of the September 15, 2026 settlement, a 0.2% increase from the prior period — about 3.1 days to cover at its recent average daily volume. On October 2, 2026, 45.8% of ONON volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)22,998,830 shares as of September 15, 2026
Change vs prior period▲ 0.2%
Days to cover3.07 at avg daily volume of 7,502,830
Daily short volume (FINRA facilities)45.8% of 4,390,899 shares on October 2, 2026
5-day average short volume42.7%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Insider Transactions

ONON files as a Foreign Private Issuer (FPI). Under SEC Exchange Act Section 16(a), officers, directors, and 10% owners of FPIs are exempt from Form 4 insider-transaction reporting requirements. Comparable disclosures, when applicable, appear in the company's Form 20-F (annual) or Form 6-K (interim) filings on SEC EDGAR.

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$30.79 -0.06% today
52-week range · as of 2026-08-11 $30.79 – $52.2
Market cap
$10.16B
Volume
12.8M (1.2× avg)
3-mo avg 10.3M
Live data · 2026-10-05 03:37 UTC · Market closed

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feed ONON - Latest Insights

ONON
Sep 22, 2026, 2:09 PM EDT
Source: Dow Jones Newswires
Importance Score:
8
Price at Filing: $29.82
Real-time Price: $30.79 info
Change: +$0.970 (+3%) info
Market Cap: $10.161B info
ONON
Sep 22, 2026, 12:00 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $27.44
Real-time Price: $30.79 info
Change: +$3.35 (+12%) info
Market Cap: $10.161B info
ONON
Sep 18, 2026, 11:42 AM EDT
Source: Benzinga
Importance Score:
7
Price at Filing: $27.67
Real-time Price: $30.79 info
Change: +$3.13 (+11%) info
Market Cap: $10.161B info
ONON
Aug 11, 2026, 12:00 PM EDT
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $31.43
Real-time Price: $30.79 info
Change: -$0.635 (-2%) info
Market Cap: $10.161B info
ONON
Aug 11, 2026, 6:10 AM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $32.96
Real-time Price: $30.79 info
Change: -$2.17 (-7%) info
Market Cap: $10.161B info
ONON
Aug 11, 2026, 5:00 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $39.58
Real-time Price: $30.79 info
Change: -$8.79 (-22%) info
Market Cap: $10.161B info
ONON
Jun 09, 2026, 6:00 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $38.24
Real-time Price: $30.79 info
Change: -$7.45 (-19%) info
Market Cap: $10.161B info
ONON
May 29, 2026, 4:33 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $40.74
Real-time Price: $30.79 info
Change: -$9.95 (-24%) info
Market Cap: $10.161B info
ONON
May 28, 2026, 4:31 PM EDT
Filing Type: 6-K
Importance Score:
7
Price at Filing: $39.75
Real-time Price: $30.79 info
Change: -$8.96 (-23%) info
Market Cap: $10.161B info
ONON
May 22, 2026, 5:04 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $39.70
Real-time Price: $30.79 info
Change: -$8.91 (-22%) info
Market Cap: $10.161B info
ONON
May 12, 2026, 4:06 PM EDT
Source: Wiseek News
Importance Score:
7
Price at Filing: $34.00
Real-time Price: $30.79 info
Change: -$3.21 (-9%) info
Market Cap: $10.161B info
ONON
May 12, 2026, 6:10 AM EDT
Filing Type: 6-K
Importance Score:
9
Price at Filing: $34.15
Real-time Price: $30.79 info
Change: -$3.36 (-10%) info
Market Cap: $10.161B info
ONON
May 12, 2026, 5:00 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $34.16
Real-time Price: $30.79 info
Change: -$3.37 (-10%) info
Market Cap: $10.161B info
ONON
Apr 17, 2026, 4:31 PM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $37.05
Real-time Price: $30.79 info
Change: -$6.26 (-17%) info
Market Cap: $10.161B info
ONON
Mar 25, 2026, 6:11 AM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $39.00
Real-time Price: $30.79 info
Change: -$8.21 (-21%) info
Market Cap: $10.161B info
ONON
Mar 25, 2026, 5:16 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $40.20
Real-time Price: $30.79 info
Change: -$9.41 (-23%) info
Market Cap: $10.161B info
ONON
Mar 03, 2026, 6:53 AM EST
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $42.10
Real-time Price: $30.79 info
Change: -$11.31 (-27%) info
Market Cap: $10.161B info
ONON
Mar 03, 2026, 6:30 AM EST
Filing Type: 6-K
Importance Score:
8
Price at Filing: $41.50
Real-time Price: $30.79 info
Change: -$10.71 (-26%) info
Market Cap: $10.161B info
ONON
Mar 03, 2026, 6:15 AM EST
Filing Type: 20-F
Importance Score:
8
Price at Filing: $41.95
Real-time Price: $30.79 info
Change: -$11.16 (-27%) info
Market Cap: $10.161B info
ONON
Mar 03, 2026, 5:00 AM EST
Source: Reuters
Importance Score:
9
Price at Filing: $45.14
Real-time Price: $30.79 info
Change: -$14.35 (-32%) info
Market Cap: $10.161B info
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