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On Holding AG (ONON)

Consumer Discretionary · Athletic footwear and apparel

A performance-focused running shoe and athletic apparel brand competing with established incumbents through innovative cushioning technology and direct-to-consumer sales.

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What On Holding AG does

On Holding AG is a Swiss athletic footwear and apparel company that designs and markets performance running shoes and sportswear globally. The company sells directly through e-commerce and retail stores as well as through wholesale partners.

Themes: ["running footwear","direct-to-consumer retail","athletic performance brands"]

Fundamentals

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Key risks (from latest filing)

["Intense competition from large, well-established athletic footwear manufacturers with greater scale and brand recognition","Dependence on wholesale distribution channels alongside direct-to-consumer; disruptions in wholesale partnerships could impact revenue","Recent stock price decline of ~31% over one year suggests potential investor sentiment concerns regarding growth sustainability or valuation"]

See ONON's biggest risks from its latest 10-Q →

Competitors & peers

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Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-07-09.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.