On Holding Ag - Understand $onon stock

$ONON Market Cap: $18.89 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.159B

TTM

Gross Margin

60.16%

TTM

Net Earnings

$125.9M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

Total Liabilities

Book Value

Cash

P/E

150.0

Nov 29, 2024 EST

Free Cash Flow

$399.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$1.792B	$1.222B	$724.6M	$425.3M	$267.1M
YoY Change	46.64%	68.66%	70.37%	59.21%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$1.792B	$1.222B	$724.6M	$425.3M	$267.1M
Cost Of Revenue	$724.8M	$537.2M	$294.3M	$194.2M	$124.0M
Gross Profit	1.067B chfs	684.9M chfs	$430.3M	$231.1M	$143.1M
Gross Profit Margin	59.55%	56.04%	59.38%	54.34%	53.58%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	887.0M chfs	599.8M chfs	$542.7M	$238.5M	$133.7M
YoY Change	47.88%	10.52%	127.57%	78.39%
% of Gross Profit	83.11%	87.57%	126.13%	103.19%	93.41%
Research & Development	8.900M chfs	8.200M chfs	5.300M chfs
YoY Change	8.54%	54.72%
% of Gross Profit	0.83%	1.2%	1.23%
Depreciation & Amortization	$64.90M	$46.40M	$31.41M	$12.09M	$5.342M
YoY Change	39.87%	47.71%	159.8%	126.34%
% of Gross Profit	6.08%	6.77%	7.3%	5.23%	3.73%
Operating Expenses	895.9M chfs	608.0M chfs	$571.4M	$248.2M	$137.4M
YoY Change	47.35%	6.41%	130.21%	80.6%
Operating Profit	171.3M chfs	76.90M chfs	-$141.1M	-$17.09M	$5.689M
YoY Change	122.76%	-154.5%	725.37%	-400.47%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	-$111.2M	-$7.100M	-$18.47M	-$7.314M	-$2.485M
YoY Change	1466.2%	-61.55%	152.46%	194.33%
% of Operating Profit	-64.92%	-9.23%			-43.68%
Other Income/Expense, Net	$100.0K	-$100.0K	-$34.00K	-$33.00K	-$57.00K
YoY Change	-200.0%	194.12%	3.03%	-42.11%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	$69.10M	$77.90M	-$159.6M	-$24.44M	$3.147M
YoY Change	-11.3%	-148.81%	552.95%	-876.64%
Income Tax	-$10.50M	$20.20M	$10.64M	$3.083M	$4.620M
% Of Pretax Income	-15.2%	25.93%			146.81%
Net Earnings	$79.60M	$57.70M	-$170.2M	-$27.52M	-$1.473M
YoY Change	37.95%	-133.9%	518.47%	1768.57%
Net Earnings / Revenue	4.44%	4.72%	-23.49%	-6.47%	-0.55%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.25	$0.18	-$590.4K	-$90.03K	-$4.818K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$528.8M	$404.2M	$683.1M	$107.8M	$17.87M
YoY Change	30.83%	-40.83%	533.84%	503.25%
Cash & Equivalents	$494.6M	$61.30M	$233.5M	$2.070M	$1.281M
Short-Term Investments	$34.20M	$33.20M	$30.05M	$17.14M	$5.937M
Other Short-Term Assets	$61.20M	$37.40M	$21.09M	$7.536M	$12.65M
YoY Change	63.64%	77.34%	179.86%	-40.4%
Inventory	$356.5M	$395.6M	$134.2M	$102.9M	$44.54M
Prepaid Expenses
Receivables	$204.8M	$174.6M	$99.26M	$51.63M	$41.42M
Other Receivables	$0.00	$39.70M	$26.93M	$12.44M	$3.686M
Total Short-Term Assets	$1.151B	$1.052B	$964.6M	$282.3M	$120.2M
YoY Change	9.49%	9.01%	241.74%	134.91%
Property, Plant & Equipment	$307.6M	$228.8M	$212.3M	$39.72M	$15.71M
YoY Change	34.44%	7.78%	434.42%	152.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$69.50M	$31.80M	$2.170M	$5.915M	$1.848M
YoY Change	118.55%	1365.44%	-63.31%	220.08%
Total Long-Term Assets	$441.7M	$330.9M	$271.9M	$100.3M	$23.47M
YoY Change	33.48%	21.69%	171.1%	327.38%
Total Assets	$1.593B	$1.382B	$1.237B	$382.6M	$143.6M
YoY Change
Accounts Payable	$65.10M	$111.0M	$45.94M	$41.54M	$16.41M
YoY Change	-41.35%	141.62%	10.58%	153.09%
Accrued Expenses	$101.2M	$35.80M	$54.92M	$24.28M	$19.71M
YoY Change	182.68%	-34.82%	126.16%	23.2%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$246.0K	$14.84M
YoY Change			-100.0%	-98.34%
Long-Term Debt Due	$53.40M	$21.60M	$13.63M	$4.308M	$2.049M
YoY Change	147.22%	58.46%	216.41%	110.25%
Total Short-Term Liabilities	$305.6M	$242.7M	$205.0M	$86.36M	$65.30M
YoY Change	25.92%	18.38%	137.38%	32.25%
Long-Term Debt	$190.3M	$138.8M	$167.2M	$19.17M	$3.313M
YoY Change	37.1%	-17.0%	772.16%	478.75%
Other Long-Term Liabilities	$12.10M	$13.50M	$10.29M	$26.28M	$7.748M
YoY Change	-10.37%	31.14%	-60.82%	239.12%
Total Long-Term Liabilities	$202.4M	$152.3M	$177.5M	$45.45M	$11.06M
YoY Change	32.9%	-14.21%	290.6%	310.89%
Total Liabilities	$518.5M	$412.9M	$388.1M	$137.5M	$79.21M
YoY Change	25.58%	6.38%	182.34%	73.55%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $18.887 Billion

About On Holding AG

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. The company is headquartered in Zurich, Zuerich and currently employs 2,353 full-time employees. The company went IPO on 2021-09-15. The firm provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The firm sells its products trough the internet and its own stores.

Industry: Rubber & Plastics Footwear Peers: