GRMN vs. ONON: Garmin vs. On Holding Stock Comparison

Company Profile

Garmin (GRMN) and On Holding (ONON) both fall under the Consumer Durables & Apparel industry group, but GRMN is classified in Household Durables while ONON is classified in Textiles, Apparel & Luxury Goods.

Garmin (GRMN) has more than two decades of public-market history since December 8, 2000, whereas On Holding (ONON) listed on September 15, 2021 and has a much shorter record to draw on.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

On Holding (ONON) carries a highly aggressive beta of 2.03, indicating much higher sensitivity to broad-market moves, whereas Garmin (GRMN) is closer to market-like at 0.86 — a noticeable difference in market-sensitivity profile.

On Holding (ONON) is heavily traded at around 10.75M shares per day, whereas Garmin (GRMN) sees a more moderate 858.15K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

On Holding (ONON) at 23.95% sits in the top ROE quartile, while Garmin (GRMN) at 22.38% is closer to the peer norm — stronger capital efficiency for ONON.

Garmin (GRMN) at 25.58% keeps the most of each sales dollar — above its industry’s net margin range — and On Holding (ONON) at 12.30% also retains a top-quartile share.

Garmin (GRMN) at 30.80% turns sales into operating profit above its industry’s benchmark range, while On Holding (ONON) at 14.02% operates around its industry’s norm.

Profitability Metrics

Growth

Both companies are growing quickly, but On Holding (ONON) at 30.01% is the standout with revenue growth above its industry range; Garmin (GRMN) at 15.06% also sits in the top quartile.

Garmin (GRMN) at 17.67% sits in the top EPS growth quartile, while On Holding (ONON) at -17.57% is closer to the peer norm — faster per-share earnings growth for GRMN.

Growth Metrics

Financial Strength

Both Garmin (GRMN) at 3.05 and On Holding (ONON) at 2.83 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

Garmin (GRMN) at 0.02 keeps leverage in the lower industry quartile, while On Holding (ONON) at 0.29 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

On Holding (ONON) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Garmin (GRMN) reports a yield of 1.47%, ranking against industry peers normally.

On Holding (ONON) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Garmin (GRMN) reports a payout of 37.46%, ranking against industry peers normally.

Dividend Metrics

Valuation

On Holding (ONON) at 24.91 is near its industry’s usual P/E ratio, while Garmin (GRMN) at 27.43 sits in the richer quartile — GRMN needs stronger growth or earnings quality to justify the premium.

Investors are paying well above the peer range per dollar of sales for both Garmin (GRMN) at 6.98 and On Holding (ONON) at 3.88 — each P/S ratio clears its industry’s benchmark range.

Both Garmin (GRMN) at 5.76 and On Holding (ONON) at 5.38 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics