LEN vs. ONON: Lennar vs. On Holding Stock Comparison

November 11, 2026

How do Lennar (LEN) and On Holding (ONON) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

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

Lennar (LEN) has more than two decades of public-market history since March 17, 1980, whereas On Holding (ONON) listed on September 15, 2021 and has a much shorter record to draw on.

Company profile comparison for Lennar (LEN) and On Holding (ONON)
Profile Item	LEN	ONON
Name	Lennar Corporation	On Holding AG Class A Ordinary Shares
Country/Region	United States	Switzerland
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Durables & Apparel	Consumer Durables & Apparel
GICS Industry	Household Durables	Textiles, Apparel & Luxury Goods
GICS Sub-Industry	Homebuilding	Footwear
Market Capitalization	21.11 billion USD	12.49 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	September 15, 2021
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LEN

ONON

GSPC

Lennar (LEN) vs. On Holding (ONON), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Lennar (LEN) and On Holding (ONON). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Lennar (LEN) and On Holding (ONON). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
Total Return (1Y)	-23.01%	6.10%
Total Return (3Y, Annualized)	-5.93%	11.24%
Total Return (5Y, Annualized)	-0.92%	-0.38%

Risk Profile

Drawdown History

LEN

ONON

GSPC

Lennar (LEN) vs. On Holding (ONON), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Lennar (LEN) and On Holding (ONON). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
Volatility (1Y, Annualized)	40.94%	49.48%
Beta (5Y)	1.36	2.03
Max Drawdown (5Y)	-58.85%	-68.90%
Avg. Volume (3M)	4.24M	10.75M

Risk-Adjusted Performance

Risk-Return Positioning

LEN and ONON are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
Sharpe Ratio (1Y)	-0.67	0.04
Sortino Ratio (1Y)	-0.98	0.05

Profitability

ROE (TTM)

On Holding (ONON) at 23.95% sits in the top ROE quartile, while Lennar (LEN) at 5.96% is closer to the peer norm — stronger capital efficiency for ONON.

LEN

Consumer Durables & Apparel industry group

5.96%

Max: 44.27%
Q3: 22.94%
Median: 12.36%
LEN: 5.96%
Q1: 5.76%
Min: -12.76%

ONON

Consumer Durables & Apparel industry group

23.95%

Max: 44.27%
ONON: 23.95%
Q3: 22.94%
Median: 12.36%
Q1: 5.76%
Min: -12.76%

Lennar (LEN) vs. On Holding (ONON): A comparison of their ROE against the Consumer Durables & Apparel industry group benchmark.

Net Margin (TTM)

On Holding (ONON) at 12.30% retains a top-quartile share of revenue as profit, ahead of Lennar (LEN) at 4.09%, which keeps about the industry-typical share.

LEN

Consumer Durables & Apparel industry group

4.09%

Max: 19.00%
Q3: 9.42%
Median: 5.93%
LEN: 4.09%
Q1: 2.80%
Min: -7.09%

ONON

Consumer Durables & Apparel industry group

12.30%

Max: 19.00%
ONON: 12.30%
Q3: 9.42%
Median: 5.93%
Q1: 2.80%
Min: -7.09%

Lennar (LEN) vs. On Holding (ONON): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

Both Lennar (LEN) at 5.69% and On Holding (ONON) at 14.02% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

LEN

Consumer Durables & Apparel industry group

5.69%

Max: 28.97%
Q3: 14.34%
Median: 8.77%
LEN: 5.69%
Q1: 4.05%
Min: -7.88%

ONON

Consumer Durables & Apparel industry group

14.02%

Max: 28.97%
Q3: 14.34%
ONON: 14.02%
Median: 8.77%
Q1: 4.05%
Min: -7.88%

Lennar (LEN) vs. On Holding (ONON): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
ROE (TTM)	5.96%	23.95%
ROA (TTM)	3.37%	9.58%
Net Margin (TTM)	4.09%	12.30%
Operating Margin (TTM)	5.69%	14.02%
Gross Margin (TTM)	16.02%	64.82%

Growth

Revenue Growth

On Holding (ONON) at 30.01% clears its industry range for revenue growth, far stronger top-line momentum than Lennar (LEN) at -3.54%, which is closer to a typical peer reading.

Lennar (LEN) vs. On Holding (ONON): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lennar (LEN) at -44.23% and On Holding (ONON) at -17.57% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Lennar (LEN) vs. On Holding (ONON): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
Revenue Growth (YoY)	-3.54%	30.01%
Revenue Growth (3Y CAGR)	0.51%	35.11%
EPS Growth (YoY)	-44.23%	-17.57%
EPS Growth (3Y CAGR)	-20.23%	50.21%

Financial Strength

Current Ratio (MRQ)

On Holding (ONON) at 2.83 keeps current ratio within its industry’s typical mid-range, while Lennar (LEN) at 10.14 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

LEN

Consumer Durables & Apparel industry group

10.14

LEN: 10.14
Max: 5.48
Q3: 3.70
Median: 2.10
Q1: 1.64
Min: 0.75

ONON

Consumer Durables & Apparel industry group

2.83

Max: 5.48
Q3: 3.70
ONON: 2.83
Median: 2.10
Q1: 1.64
Min: 0.75

Lennar (LEN) vs. On Holding (ONON): A comparison of their current ratio against the Consumer Durables & Apparel industry group benchmark.

Debt / Equity (MRQ)

Both Lennar (LEN) at 0.28 and On Holding (ONON) at 0.29 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

LEN

Consumer Durables & Apparel industry group

0.28

Max: 2.46
Q3: 1.19
Median: 0.45
LEN: 0.28
Q1: 0.23
Min: 0.00

ONON

Consumer Durables & Apparel industry group

0.29

Max: 2.46
Q3: 1.19
Median: 0.45
ONON: 0.29
Q1: 0.23
Min: 0.00

Lennar (LEN) vs. On Holding (ONON): A comparison of their debt-to-equity ratio against the Consumer Durables & Apparel industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
Current Ratio (MRQ)	10.14	2.83
Debt / Equity (MRQ)	0.28	0.29
Net Debt / EBITDA	2.48	-1.38

Dividends

Dividend Yield (TTM)

On Holding (ONON) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lennar (LEN) reports a yield of 2.18%, ranking against industry peers normally.

LEN

Consumer Durables & Apparel industry group

2.18%

Max: 5.10%
Q3: 2.20%
LEN: 2.18%
Median: 0.77%
Q1: 0.00%
Min: 0.00%

ONON

Consumer Durables & Apparel industry group

0.00%

Max: 5.10%
Q3: 2.20%
Median: 0.77%
ONON: 0.00%
Q1: 0.00%
Min: 0.00%

Lennar (LEN) vs. On Holding (ONON): A comparison of their dividend yield against the Consumer Durables & Apparel industry group benchmark.

Dividend Payout Ratio (TTM)

On Holding (ONON) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lennar (LEN) reports a payout of 37.88%, ranking against industry peers normally.

LEN

Consumer Durables & Apparel industry group

37.88%

Max: 96.30%
Q3: 39.57%
LEN: 37.88%
Median: 11.11%
Q1: 0.00%
Min: 0.00%

ONON

Consumer Durables & Apparel industry group

0.00%

Max: 96.30%
Q3: 39.57%
Median: 11.11%
ONON: 0.00%
Q1: 0.00%
Min: 0.00%

Lennar (LEN) vs. On Holding (ONON): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
Dividend Yield (TTM)	2.18%	0.00%
Dividend Payout Ratio (TTM)	37.88%	0.00%

Valuation

P/E Ratio (TTM)

Both Lennar (LEN) at 16.81 and On Holding (ONON) at 24.91 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

LEN

Consumer Durables & Apparel industry group

16.81

Max: 40.20
Q3: 25.33
Median: 17.52
LEN: 16.81
Q1: 14.50
Min: 5.29

ONON

Consumer Durables & Apparel industry group

24.91

Max: 40.20
Q3: 25.33
ONON: 24.91
Median: 17.52
Q1: 14.50
Min: 5.29

Lennar (LEN) vs. On Holding (ONON): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

Lennar (LEN) at 0.66 prices around its industry’s typical P/S ratio, while On Holding (ONON) at 3.88 clears its benchmark range — ONON looks notably rich on sales.

LEN

Consumer Durables & Apparel industry group

0.66

Max: 3.32
Q3: 1.74
Median: 1.02
LEN: 0.66
Q1: 0.56
Min: 0.01

ONON

Consumer Durables & Apparel industry group

3.88

ONON: 3.88
Max: 3.32
Q3: 1.74
Median: 1.02
Q1: 0.56
Min: 0.01

Lennar (LEN) vs. On Holding (ONON): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

Lennar (LEN) at 0.98 looks cheap against book in the lower P/B ratio quartile, while On Holding (ONON) at 5.38 carries a premium in the upper quartile — a clear price-to-book gap.

LEN

Consumer Durables & Apparel industry group

0.98

Max: 8.35
Q3: 4.28
Median: 2.11
Q1: 1.09
LEN: 0.98
Min: 0.49

ONON

Consumer Durables & Apparel industry group

5.38

Max: 8.35
ONON: 5.38
Q3: 4.28
Median: 2.11
Q1: 1.09
Min: 0.49

Lennar (LEN) vs. On Holding (ONON): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for Lennar (LEN) and On Holding (ONON)
Metric	LEN	ONON
P/E Ratio (TTM)	16.81	24.91
P/S Ratio (TTM)	0.66	3.88
P/B Ratio (MRQ)	0.98	5.38
Free Cash Flow Yield (TTM)	5.81%	2.31%