AMCR vs. ONON: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at AMCR and ONON, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

AMCR’s market capitalization stands at 22.20 billion USD, while ONON’s is 17.59 billion USD, indicating their market valuations are broadly comparable.

ONON carries a higher beta at 2.35, indicating it’s more sensitive to market moves, while AMCR (beta: 0.73) exhibits greater stability.

Symbol	AMCR	ONON
Company Name	Amcor plc	On Holding AG
Country	CH	CH
Sector	Consumer Cyclical	Consumer Cyclical
Industry	Packaging & Containers	Apparel - Retail
CEO	Peter Konieczny Dip Eng, MBA, MSc Mech Eng	Martin Hoffmann
Price	9.63 USD	54.31 USD
Market Cap	22.20 billion USD	17.59 billion USD
Beta	0.73	2.35
Exchange	NYSE	NYSE
IPO Date	May 15, 2012	September 15, 2021
ADR	No	No

Historical Performance

This chart compares the performance of AMCR and ONON by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

AMCR vs. ONON: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

AMCR

11.74%

Packaging & Containers Industry

Max: 20.97%
Q3: 18.53%
Median: 9.15%
Q1: 3.67%
Min: -15.31%

AMCR’s Return on Equity of 11.74% is on par with the norm for the Packaging & Containers industry, indicating its profitability relative to shareholder equity is typical for the sector.

ONON

15.53%

Apparel - Retail Industry

Max: 58.81%
Q3: 36.39%
Median: 19.21%
Q1: 10.67%
Min: -12.73%

ONON’s Return on Equity of 15.53% is on par with the norm for the Apparel - Retail industry, indicating its profitability relative to shareholder equity is typical for the sector.

AMCR vs. ONON: A comparison of their ROE against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Return on Invested Capital

AMCR

4.02%

Packaging & Containers Industry

Max: 11.55%
Q3: 9.42%
Median: 6.03%
Q1: 2.83%
Min: -6.57%

AMCR’s Return on Invested Capital of 4.02% is in line with the norm for the Packaging & Containers industry, reflecting a standard level of efficiency in generating profits from its capital base.

ONON

12.44%

Apparel - Retail Industry

Max: 27.71%
Q3: 16.49%
Median: 9.80%
Q1: 6.02%
Min: -5.03%

ONON’s Return on Invested Capital of 12.44% is in line with the norm for the Apparel - Retail industry, reflecting a standard level of efficiency in generating profits from its capital base.

AMCR vs. ONON: A comparison of their ROIC against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Net Profit Margin

AMCR

3.37%

Packaging & Containers Industry

Max: 10.07%
Q3: 5.37%
Median: 3.61%
Q1: 1.49%
Min: -2.97%

AMCR’s Net Profit Margin of 3.37% is aligned with the median group of its peers in the Packaging & Containers industry. This indicates its ability to convert revenue into profit is typical for the sector.

ONON

8.18%

Apparel - Retail Industry

Max: 16.82%
Q3: 9.22%
Median: 5.80%
Q1: 2.95%
Min: -4.54%

ONON’s Net Profit Margin of 8.18% is aligned with the median group of its peers in the Apparel - Retail industry. This indicates its ability to convert revenue into profit is typical for the sector.

AMCR vs. ONON: A comparison of their Net Profit Margin against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Operating Profit Margin

AMCR

5.29%

Packaging & Containers Industry

Max: 14.60%
Q3: 11.93%
Median: 8.05%
Q1: 5.47%
Min: 2.09%

AMCR’s Operating Profit Margin of 5.29% is in the lower quartile for the Packaging & Containers industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

ONON

9.86%

Apparel - Retail Industry

Max: 19.76%
Q3: 11.93%
Median: 7.79%
Q1: 5.07%
Min: -2.35%

ONON’s Operating Profit Margin of 9.86% is around the midpoint for the Apparel - Retail industry, indicating that its efficiency in managing core business operations is typical for the sector.

AMCR vs. ONON: A comparison of their Operating Margin against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Profitability at a Glance

Symbol	AMCR	ONON
Return on Equity (TTM)	11.74%	15.53%
Return on Assets (TTM)	2.51%	8.58%
Return on Invested Capital (TTM)	4.02%	12.44%
Net Profit Margin (TTM)	3.37%	8.18%
Operating Profit Margin (TTM)	5.29%	9.86%
Gross Profit Margin (TTM)	20.00%	60.62%

Financial Strength

Current Ratio

AMCR

1.70

Packaging & Containers Industry

Max: 1.88
Q3: 1.79
Median: 1.38
Q1: 1.16
Min: 0.80

AMCR’s Current Ratio of 1.70 aligns with the median group of the Packaging & Containers industry, indicating that its short-term liquidity is in line with its sector peers.

ONON

2.80

Apparel - Retail Industry

Max: 2.80
Q3: 2.02
Median: 1.56
Q1: 1.38
Min: 0.87

ONON’s Current Ratio of 2.80 is in the upper quartile for the Apparel - Retail industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

AMCR vs. ONON: A comparison of their Current Ratio against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Debt-to-Equity Ratio

AMCR

2.40

Packaging & Containers Industry

Max: 2.47
Q3: 2.22
Median: 1.22
Q1: 0.79
Min: 0.56

AMCR’s leverage is in the upper quartile of the Packaging & Containers industry, with a Debt-to-Equity Ratio of 2.40. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

ONON

0.23

Apparel - Retail Industry

Max: 2.73
Q3: 1.54
Median: 0.86
Q1: 0.50
Min: 0.23

Falling into the lower quartile for the Apparel - Retail industry, ONON’s Debt-to-Equity Ratio of 0.23 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

AMCR vs. ONON: A comparison of their D/E Ratio against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Interest Coverage Ratio

AMCR

2.11

Packaging & Containers Industry

Max: 6.21
Q3: 4.64
Median: 2.89
Q1: 1.61
Min: -0.51

AMCR’s Interest Coverage Ratio of 2.11 is positioned comfortably within the norm for the Packaging & Containers industry, indicating a standard and healthy capacity to cover its interest payments.

ONON

11.11

Apparel - Retail Industry

Max: 159.89
Q3: 84.66
Median: 13.82
Q1: 5.09
Min: -20.67

ONON’s Interest Coverage Ratio of 11.11 is positioned comfortably within the norm for the Apparel - Retail industry, indicating a standard and healthy capacity to cover its interest payments.

AMCR vs. ONON: A comparison of their Interest Coverage against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Financial Strength at a Glance

Symbol	AMCR	ONON
Current Ratio (TTM)	1.70	2.80
Quick Ratio (TTM)	1.16	2.18
Debt-to-Equity Ratio (TTM)	2.40	0.23
Debt-to-Asset Ratio (TTM)	0.51	0.14
Net Debt-to-EBITDA Ratio (TTM)	7.17	-1.51
Interest Coverage Ratio (TTM)	2.11	11.11

Growth

The following charts compare key year-over-year (YoY) growth metrics for AMCR and ONON. These metrics are based on the companies’ annual financial reports.

Revenue Growth

AMCR vs. ONON: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

AMCR vs. ONON: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

AMCR vs. ONON: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

AMCR

5.27%

Packaging & Containers Industry

Max: 9.30%
Q3: 4.22%
Median: 2.67%
Q1: 1.42%
Min: 0.00%

With a Dividend Yield of 5.27%, AMCR offers a more attractive income stream than most of its peers in the Packaging & Containers industry, signaling a strong commitment to shareholder returns.

ONON

0.00%

Apparel - Retail Industry

Max: 9.90%
Q3: 2.86%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ONON currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

AMCR vs. ONON: A comparison of their Dividend Yield against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Dividend Payout Ratio

AMCR

161.75%

Packaging & Containers Industry

Max: 223.77%
Q3: 154.70%
Median: 54.74%
Q1: 23.39%
Min: 0.00%

AMCR’s Dividend Payout Ratio of 161.75% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.

ONON

0.00%

Apparel - Retail Industry

Max: 101.19%
Q3: 32.81%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ONON has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

AMCR vs. ONON: A comparison of their Payout Ratio against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Dividend at a Glance

Symbol	AMCR	ONON
Dividend Yield (TTM)	5.27%	0.00%
Dividend Payout Ratio (TTM)	161.75%	0.00%

Valuation

Price-to-Earnings Ratio

AMCR

30.68

Packaging & Containers Industry

Max: 57.57
Q3: 40.45
Median: 25.12
Q1: 18.16
Min: 10.25

AMCR’s P/E Ratio of 30.68 is within the middle range for the Packaging & Containers industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

ONON

132.73

Apparel - Retail Industry

Max: 43.02
Q3: 27.98
Median: 14.93
Q1: 9.08
Min: 6.51

At 132.73, ONON’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Apparel - Retail industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

AMCR vs. ONON: A comparison of their P/E Ratio against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Forward P/E to Growth Ratio

AMCR

3.58

Packaging & Containers Industry

Max: 3.19
Q3: 2.69
Median: 2.20
Q1: 2.02
Min: 2.02

AMCR’s Forward PEG Ratio of 3.58 is exceptionally high for the Packaging & Containers industry. This suggests its stock price is very high relative to its expected earnings growth, signaling significant overvaluation risk.

ONON

3.49

Apparel - Retail Industry

Max: 3.70
Q3: 3.14
Median: 1.65
Q1: 0.80
Min: 0.29

A Forward PEG Ratio of 3.49 places ONON in the upper quartile for the Apparel - Retail industry. This suggests the stock is potentially expensive compared to its peers relative to its growth forecast, which may warrant caution.

AMCR vs. ONON: A comparison of their Forward PEG Ratio against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Price-to-Sales Ratio

AMCR

1.65

Packaging & Containers Industry

Max: 1.99
Q3: 1.28
Median: 0.99
Q1: 0.75
Min: 0.36

AMCR’s P/S Ratio of 1.65 is in the upper echelon for the Packaging & Containers industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

ONON

5.51

Apparel - Retail Industry

Max: 2.51
Q3: 1.95
Median: 0.67
Q1: 0.33
Min: 0.21

With a P/S Ratio of 5.51, ONON trades at a valuation that eclipses even the highest in the Apparel - Retail industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

AMCR vs. ONON: A comparison of their P/S Ratio against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Price-to-Book Ratio

AMCR

3.61

Packaging & Containers Industry

Max: 5.73
Q3: 3.44
Median: 2.08
Q1: 1.76
Min: 0.55

AMCR’s P/B Ratio of 3.61 is in the upper tier for the Packaging & Containers industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

ONON

18.91

Apparel - Retail Industry

Max: 10.76
Q3: 6.61
Median: 2.62
Q1: 1.29
Min: 0.80

At 18.91, ONON’s P/B Ratio is at an extreme premium to the Apparel - Retail industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

AMCR vs. ONON: A comparison of their P/B Ratio against their respective Packaging & Containers and Apparel - Retail industry benchmarks.

Valuation at a Glance

Symbol	AMCR	ONON
Price-to-Earnings Ratio (P/E, TTM)	30.68	132.73
Forward PEG Ratio (TTM)	3.58	3.49
Price-to-Sales Ratio (P/S, TTM)	1.65	5.51
Price-to-Book Ratio (P/B, TTM)	3.61	18.91
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	20.38	40.79
EV-to-EBITDA (TTM)	29.26	37.99
EV-to-Sales (TTM)	2.18	5.30