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

Updated on August 23, 2025

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

Company Profile

Symbol	AZO	ONON
Company Name	AutoZone, Inc.	On Holding AG
Country	United States	Switzerland
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry	Specialty Retail	Textiles, Apparel & Luxury Goods
Market Capitalization	69.56 billion USD	14.77 billion USD
Exchange	NYSE	NYSE
Listing Date	April 2, 1991	September 15, 2021
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of AZO 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.

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

Historical Performance at a Glance

Symbol	AZO	ONON
5-Day Price Return	4.15%	2.33%
13-Week Price Return	7.17%	-24.59%
26-Week Price Return	19.84%	-13.61%
52-Week Price Return	31.08%	6.57%
Month-to-Date Return	10.34%	-6.86%
Year-to-Date Return	29.86%	-17.40%
10-Day Avg. Volume	0.10M	10.60M
3-Month Avg. Volume	0.13M	5.65M
3-Month Volatility	22.44%	39.21%
Beta	0.38	2.27

Profitability

Return on Equity (TTM)

AZO

249.27%

Specialty Retail Industry

Max: 61.19%
Q3: 37.24%
Median: 18.81%
Q1: 8.92%
Min: -13.03%

AZO’s Return on Equity of 249.27% is exceptionally high, placing it well beyond the typical range for the Specialty Retail industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

ONON

15.64%

Textiles, Apparel & Luxury Goods Industry

Max: 53.33%
Q3: 26.13%
Median: 18.47%
Q1: 7.99%
Min: -10.49%

ONON’s Return on Equity of 15.64% is on par with the norm for the Textiles, Apparel & Luxury Goods industry, indicating its profitability relative to shareholder equity is typical for the sector.

AZO vs. ONON: A comparison of their Return on Equity (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Net Profit Margin (TTM)

AZO

13.56%

Specialty Retail Industry

Max: 21.28%
Q3: 10.68%
Median: 6.08%
Q1: 2.43%
Min: -4.54%

A Net Profit Margin of 13.56% places AZO in the upper quartile for the Specialty Retail industry, signifying strong profitability and more effective cost management than most of its peers.

ONON

8.24%

Textiles, Apparel & Luxury Goods Industry

Max: 23.35%
Q3: 13.49%
Median: 8.45%
Q1: 4.18%
Min: -3.90%

ONON’s Net Profit Margin of 8.24% is aligned with the median group of its peers in the Textiles, Apparel & Luxury Goods industry. This indicates its ability to convert revenue into profit is typical for the sector.

AZO vs. ONON: A comparison of their Net Profit Margin (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Operating Profit Margin (TTM)

AZO

19.63%

Specialty Retail Industry

Max: 33.35%
Q3: 15.84%
Median: 9.34%
Q1: 3.83%
Min: -8.97%

An Operating Profit Margin of 19.63% places AZO in the upper quartile for the Specialty Retail industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

ONON

9.86%

Textiles, Apparel & Luxury Goods Industry

Max: 29.47%
Q3: 20.87%
Median: 13.00%
Q1: 7.02%
Min: -3.59%

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

AZO vs. ONON: A comparison of their Operating Profit Margin (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Profitability at a Glance

Symbol	AZO	ONON
Return on Equity (TTM)	249.27%	15.64%
Return on Assets (TTM)	14.37%	9.34%
Net Profit Margin (TTM)	13.56%	8.24%
Operating Profit Margin (TTM)	19.63%	9.86%
Gross Profit Margin (TTM)	52.95%	60.62%

Financial Strength

Current Ratio (MRQ)

AZO

0.84

Specialty Retail Industry

Max: 2.83
Q3: 1.89
Median: 1.39
Q1: 1.11
Min: 0.64

AZO’s Current Ratio of 0.84 falls into the lower quartile for the Specialty Retail industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

ONON

2.80

Textiles, Apparel & Luxury Goods Industry

Max: 3.91
Q3: 2.49
Median: 1.89
Q1: 1.43
Min: 0.80

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

AZO vs. ONON: A comparison of their Current Ratio (MRQ) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Debt-to-Equity Ratio (MRQ)

AZO

37.81

Specialty Retail Industry

Max: 3.02
Q3: 1.57
Median: 0.64
Q1: 0.20
Min: 0.00

With a Debt-to-Equity Ratio of 37.81, AZO operates with exceptionally high leverage compared to the Specialty Retail industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

ONON

0.23

Textiles, Apparel & Luxury Goods Industry

Max: 2.67
Q3: 1.29
Median: 0.59
Q1: 0.24
Min: 0.00

Falling into the lower quartile for the Textiles, Apparel & Luxury Goods 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.

AZO vs. ONON: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Interest Coverage Ratio (TTM)

AZO

8.39

Specialty Retail Industry

Max: 48.12
Q3: 35.95
Median: 14.13
Q1: 3.61
Min: -36.00

AZO’s Interest Coverage Ratio of 8.39 is positioned comfortably within the norm for the Specialty Retail industry, indicating a standard and healthy capacity to cover its interest payments.

ONON

1.62

Textiles, Apparel & Luxury Goods Industry

Max: 57.00
Q3: 35.85
Median: 9.20
Q1: 4.29
Min: -32.49

In the lower quartile for the Textiles, Apparel & Luxury Goods industry, ONON’s Interest Coverage Ratio of 1.62 indicates a tighter cushion for servicing debt, suggesting less financial flexibility than many of its competitors.

AZO vs. ONON: A comparison of their Interest Coverage Ratio (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Financial Strength at a Glance

Symbol	AZO	ONON
Current Ratio (MRQ)	0.84	2.80
Quick Ratio (MRQ)	0.12	2.18
Debt-to-Equity Ratio (MRQ)	37.81	0.23
Interest Coverage Ratio (TTM)	8.39	1.62

Growth

Revenue Growth

AZO vs. ONON: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

AZO vs. ONON: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

AZO

0.00%

Specialty Retail Industry

Max: 6.53%
Q3: 2.69%
Median: 1.08%
Q1: 0.00%
Min: 0.00%

AZO 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.

ONON

0.00%

Textiles, Apparel & Luxury Goods Industry

Max: 6.59%
Q3: 3.60%
Median: 2.59%
Q1: 0.95%
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.

AZO vs. ONON: A comparison of their Dividend Yield (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Dividend Payout Ratio (TTM)

AZO

0.00%

Specialty Retail Industry

Max: 165.81%
Q3: 80.94%
Median: 31.61%
Q1: 0.00%
Min: 0.00%

AZO 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.

ONON

0.00%

Textiles, Apparel & Luxury Goods Industry

Max: 195.44%
Q3: 106.47%
Median: 58.77%
Q1: 36.52%
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.

AZO vs. ONON: A comparison of their Dividend Payout Ratio (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Dividend at a Glance

Symbol	AZO	ONON
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

AZO

27.06

Specialty Retail Industry

Max: 48.56
Q3: 29.15
Median: 22.00
Q1: 15.46
Min: 7.95

AZO’s P/E Ratio of 27.06 is within the middle range for the Specialty Retail 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

56.39

Textiles, Apparel & Luxury Goods Industry

Max: 63.29
Q3: 34.64
Median: 18.01
Q1: 13.88
Min: 6.04

A P/E Ratio of 56.39 places ONON in the upper quartile for the Textiles, Apparel & Luxury Goods industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

AZO vs. ONON: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Price-to-Sales Ratio (TTM)

AZO

3.67

Specialty Retail Industry

Max: 5.08
Q3: 2.69
Median: 1.23
Q1: 0.48
Min: 0.09

AZO’s P/S Ratio of 3.67 is in the upper echelon for the Specialty Retail 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

4.65

Textiles, Apparel & Luxury Goods Industry

Max: 5.46
Q3: 3.13
Median: 1.72
Q1: 0.83
Min: 0.26

ONON’s P/S Ratio of 4.65 is in the upper echelon for the Textiles, Apparel & Luxury Goods 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.

AZO vs. ONON: A comparison of their Price-to-Sales Ratio (TTM) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Price-to-Book Ratio (MRQ)

AZO

94.97

Specialty Retail Industry

Max: 16.93
Q3: 7.98
Median: 3.69
Q1: 1.79
Min: 0.21

At 94.97, AZO’s P/B Ratio is at an extreme premium to the Specialty 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.

ONON

7.87

Textiles, Apparel & Luxury Goods Industry

Max: 9.76
Q3: 6.00
Median: 3.26
Q1: 1.97
Min: 0.69

ONON’s P/B Ratio of 7.87 is in the upper tier for the Textiles, Apparel & Luxury Goods 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.

AZO vs. ONON: A comparison of their Price-to-Book Ratio (MRQ) against their respective Specialty Retail and Textiles, Apparel & Luxury Goods industry benchmarks.

Valuation at a Glance

Symbol	AZO	ONON
Price-to-Earnings Ratio (TTM)	27.06	56.39
Price-to-Sales Ratio (TTM)	3.67	4.65
Price-to-Book Ratio (MRQ)	94.97	7.87
Price-to-Free Cash Flow Ratio (TTM)	34.64	26.43