On Holding AG [ONON] vs Nike [NKE] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: On Holding AG wins in 6 metrics, Nike Inc. wins in 14 metrics, with 0 ties. Nike Inc. appears stronger overall.

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Vital Metrics Comparison

Metric On Holding AG Nike Inc. Better
P/E Ratio (TTM) 46.92 30.05 Nike Inc.
Price-to-Book Ratio 5.78 4.80 Nike Inc.
Debt-to-Equity Ratio 31.95 79.33 On Holding AG
PEG Ratio -1.88 -0.85 Nike Inc.
EV/EBITDA 27.58 18.32 Nike Inc.
Profit Margin (TTM) 6.76% 4.84% On Holding AG
Operating Margin (TTM) 11.04% 6.94% On Holding AG
EBITDA Margin (TTM) 11.04% 6.94% On Holding AG
Return on Equity 13.47% 16.02% Nike Inc.
Return on Assets (TTM) 9.03% 5.20% On Holding AG
Free Cash Flow (TTM) $280.90M $3.27B Nike Inc.
Dividend Yield N/A 2.73% N/A
1-Year Return -31.27% -23.70% Nike Inc.
Price-to-Sales Ratio (TTM) 4.02 1.45 Nike Inc.
Enterprise Value $14.76B $70.77B Nike Inc.
EV/Revenue Ratio 3.84 1.52 Nike Inc.
Gross Profit Margin (TTM) 63.90% 40.16% On Holding AG
Revenue per Share (TTM) $9 $31 Nike Inc.
Earnings per Share (Diluted) $0.78 $1.52 Nike Inc.
Beta (Stock Volatility) 2.23 1.32 Nike Inc.
Short % of Float 5.95% 4.83% Nike Inc.

On Holding AG vs Nike Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
On Holding AG-2.09%-4.94%11.78%-18.03%-15.11%-18.36%
Nike Inc.0.18%-2.71%1.46%-28.34%-32.67%-30.91%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
On Holding AG-31.27%45.94%4.80%4.80%4.80%4.80%
Nike Inc.-23.70%-57.11%-65.43%-13.51%130.11%352.35%

Performance & Financial Health Analysis: On Holding AG vs Nike Inc.

MetricONONNKE
Market Information
Market Cap i$11.99B$66.31B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i5,078,33323,606,850
90 Day Avg. Volume i7,331,89125,159,943
Last Close$37.52$43.81
52 Week Range$31.41 - $59.21$41.35 - $80.17
% from 52W High-36.63%-45.35%
All-Time High$64.05 (Jan 27, 2025)$179.10 (Nov 01, 2021)
% from All-Time High-41.42%-75.54%
Growth Metrics
Quarterly Revenue Growth0.23%0.00%
Quarterly Earnings Growth-0.23%-0.35%
Financial Health
Profit Margin (TTM) i0.07%0.05%
Operating Margin (TTM) i0.11%0.07%
Return on Equity (TTM) i0.13%0.16%
Debt to Equity (MRQ) i31.9579.33
Cash & Liquidity
Book Value per Share (MRQ)$6.33$9.52
Cash per Share (MRQ)$3.19$5.44
Operating Cash Flow (TTM) i$458.08M$1.69B
Levered Free Cash Flow (TTM) i$336.78M$1.31B
Dividends
Last 12-Month Dividend Yield iN/A2.73%
Last 12-Month Dividend iN/A$1.62

Valuation & Enterprise Metrics Analysis: On Holding AG vs Nike Inc.

MetricONON (Apr 24, 2026)NKE (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i46.9230.05
Forward P/E i17.7224.31
PEG Ratio i-1.88-0.85
Price to Sales (TTM) i4.021.45
Price to Book (MRQ) i5.784.80
Market Capitalization
Market Capitalization i$11.99B$66.31B
Enterprise Value i$14.76B$70.77B
Enterprise Value Metrics
Enterprise to Revenue i3.841.52
Enterprise to EBITDA i27.5818.32
Risk & Other Metrics
Beta i2.231.32
Book Value per Share (MRQ) i$6.33$9.52

Financial Statements Comparison: On Holding AG vs Nike Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricONON (2025)NKE (2025)
Revenue/Sales i3.01B46.31B
Cost of Goods Sold i1.12B26.52B
COGS % of Revenue i37.2%57.3%
Gross Profit i1.89B19.79B
Gross Margin i62.8%42.7%
Research & Development iN/AN/A
Operating Income (EBIT) i377.00M3.70B
Operating Margin i12.5%8.0%
EBITDA i527.70M4.51B
EBITDA Margin i17.5%9.7%
Pre-Tax Income i205.20M3.89B
Pre-Tax Income % of Revenue i6.8%8.4%
Income Tax i1.50M666.00M
Income Tax % of Revenue i0.0%1.4%
Net Income (Profit) i203.70M3.22B
Profit Margin i6.8%7.0%

Balance Sheet & Liquidity Metrics

MetricONON (2025)NKE (2025)
Cash & Equivalents i1.02B7.46B
Total Current Assets i1.96B23.36B
Total Current Assets % of Revenue i65.1%50.4%
Total Current Liabilities i724.40M10.57B
Total Current Liabilities % of Revenue i24.0%22.8%
Long-Term Debt i440.30M10.51B
Long-Term Debt % of Revenue i14.6%22.7%
Total Shareholders Equity i1.63B13.21B
Retained Earnings i382.60M-727.00M
Retained Earnings % of Revenue i12.7%-1.6%
Property, Plant & Equipment i629.20M2.71B

Cash Flow Statement Comparison

MetricONON (2025)NKE (2025)
Operating Cash Flow i220.10M3.89B
Operating Cash Flow % of Revenue i7.3%8.4%
Capital Expenditures i-72.90M-430.00M
Free Cash Flow i280.90M3.27B
FCF Margin i9.3%7.1%
Debt Repayment i-69.90M-1.00B
Common Stock Repurchase iN/A-2.99B

Short Interest & Institutional Ownership Analysis

MetricONONNKE
Shares Short i14.65M45.71M
Short Ratio i1.742.75
Short % of Float i5.95%4.83%
Shares Outstanding i331.00M1.48B
Float Shares i245.10M1.17B
% Held by Insiders i23.87%1.48%
% Held by Institutions i73.80%82.77%
% Held by Public i2.33%15.75%

Dividend Analysis & Yield Comparison: On Holding AG vs Nike Inc.

MetricONONNKE
Last 12-Month Dividend iN/A$1.62
Last 12-Month Dividend Yield iN/A2.73%
3-Year Avg Annual Dividend iN/A$1.53
3-Year Avg Dividend Yield iN/A0.48%
3-Year Total Dividends iN/A$4.58
Ex-Dividend DateN/AMar 02, 2026