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

Updated on October 4, 2025

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

Company Profile

Symbol	NKE	ONON
Company Name	NIKE, Inc.	On Holding AG
Country	United States	Switzerland
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry	Textiles, Apparel & Luxury Goods	Textiles, Apparel & Luxury Goods
Market Capitalization	102.36 billion USD	13.87 billion USD
Exchange	NYSE	NYSE
Listing Date	December 2, 1980	September 15, 2021
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of NKE 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.

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

Historical Performance at a Glance

Symbol	NKE	ONON
5-Day Price Return	-2.09%	-7.45%
13-Week Price Return	-1.84%	-18.64%
26-Week Price Return	6.07%	-8.03%
52-Week Price Return	-22.04%	-17.17%
Month-to-Date Return	-9.87%	-6.06%
Year-to-Date Return	-7.85%	-22.68%
10-Day Avg. Volume	18.00M	5.48M
3-Month Avg. Volume	14.63M	5.72M
3-Month Volatility	25.35%	40.67%
Beta	1.32	2.23

Profitability

Return on Equity (TTM)

NKE

23.33%

Textiles, Apparel & Luxury Goods Industry

Max: 42.05%
Q3: 24.41%
Median: 17.18%
Q1: 7.87%
Min: -8.23%

NKE’s Return on Equity of 23.33% 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.

ONON

9.86%

Textiles, Apparel & Luxury Goods Industry

Max: 42.05%
Q3: 24.41%
Median: 17.18%
Q1: 7.87%
Min: -8.23%

ONON’s Return on Equity of 9.86% 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.

NKE vs. ONON: A comparison of their Return on Equity (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Net Profit Margin (TTM)

NKE

6.95%

Textiles, Apparel & Luxury Goods Industry

Max: 21.16%
Q3: 13.26%
Median: 6.06%
Q1: 3.93%
Min: -3.05%

NKE’s Net Profit Margin of 6.95% 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.

ONON

5.00%

Textiles, Apparel & Luxury Goods Industry

Max: 21.16%
Q3: 13.26%
Median: 6.06%
Q1: 3.93%
Min: -3.05%

ONON’s Net Profit Margin of 5.00% 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.

NKE vs. ONON: A comparison of their Net Profit Margin (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Operating Profit Margin (TTM)

NKE

7.99%

Textiles, Apparel & Luxury Goods Industry

Max: 29.47%
Q3: 20.87%
Median: 11.68%
Q1: 6.26%
Min: -0.12%

NKE’s Operating Profit Margin of 7.99% 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.

ONON

10.87%

Textiles, Apparel & Luxury Goods Industry

Max: 29.47%
Q3: 20.87%
Median: 11.68%
Q1: 6.26%
Min: -0.12%

ONON’s Operating Profit Margin of 10.87% 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.

NKE vs. ONON: A comparison of their Operating Profit Margin (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Profitability at a Glance

Symbol	NKE	ONON
Return on Equity (TTM)	23.33%	9.86%
Return on Assets (TTM)	8.57%	5.75%
Net Profit Margin (TTM)	6.95%	5.00%
Operating Profit Margin (TTM)	7.99%	10.87%
Gross Profit Margin (TTM)	42.73%	61.00%

Financial Strength

Current Ratio (MRQ)

NKE

2.21

Textiles, Apparel & Luxury Goods Industry

Max: 2.94
Q3: 2.22
Median: 1.61
Q1: 1.48
Min: 0.74

NKE’s Current Ratio of 2.21 aligns with the median group of the Textiles, Apparel & Luxury Goods industry, indicating that its short-term liquidity is in line with its sector peers.

ONON

2.53

Textiles, Apparel & Luxury Goods Industry

Max: 2.94
Q3: 2.22
Median: 1.61
Q1: 1.48
Min: 0.74

ONON’s Current Ratio of 2.53 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.

NKE vs. ONON: A comparison of their Current Ratio (MRQ) against the Textiles, Apparel & Luxury Goods industry benchmark.

Debt-to-Equity Ratio (MRQ)

NKE

0.60

Textiles, Apparel & Luxury Goods Industry

Max: 2.79
Q3: 1.32
Median: 0.60
Q1: 0.27
Min: 0.00

NKE’s Debt-to-Equity Ratio of 0.60 is typical for the Textiles, Apparel & Luxury Goods industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ONON

0.36

Textiles, Apparel & Luxury Goods Industry

Max: 2.79
Q3: 1.32
Median: 0.60
Q1: 0.27
Min: 0.00

ONON’s Debt-to-Equity Ratio of 0.36 is typical for the Textiles, Apparel & Luxury Goods industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

NKE vs. ONON: A comparison of their Debt-to-Equity Ratio (MRQ) against the Textiles, Apparel & Luxury Goods industry benchmark.

Interest Coverage Ratio (TTM)

NKE

48.96

Textiles, Apparel & Luxury Goods Industry

Max: 57.00
Q3: 32.83
Median: 7.87
Q1: 3.52
Min: -32.49

NKE’s Interest Coverage Ratio of 48.96 is in the upper quartile for the Textiles, Apparel & Luxury Goods industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

ONON

1.62

Textiles, Apparel & Luxury Goods Industry

Max: 57.00
Q3: 32.83
Median: 7.87
Q1: 3.52
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.

NKE vs. ONON: A comparison of their Interest Coverage Ratio (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Financial Strength at a Glance

Symbol	NKE	ONON
Current Ratio (MRQ)	2.21	2.53
Quick Ratio (MRQ)	1.31	1.94
Debt-to-Equity Ratio (MRQ)	0.60	0.36
Interest Coverage Ratio (TTM)	48.96	1.62

Growth

Revenue Growth

NKE 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

NKE 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)

NKE

2.12%

Textiles, Apparel & Luxury Goods Industry

Max: 5.22%
Q3: 3.07%
Median: 2.34%
Q1: 1.11%
Min: 0.00%

NKE’s Dividend Yield of 2.12% is consistent with its peers in the Textiles, Apparel & Luxury Goods industry, providing a dividend return that is standard for its sector.

ONON

0.00%

Textiles, Apparel & Luxury Goods Industry

Max: 5.22%
Q3: 3.07%
Median: 2.34%
Q1: 1.11%
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.

NKE vs. ONON: A comparison of their Dividend Yield (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Dividend Payout Ratio (TTM)

NKE

71.45%

Textiles, Apparel & Luxury Goods Industry

Max: 156.63%
Q3: 94.60%
Median: 52.65%
Q1: 35.04%
Min: 0.00%

NKE’s Dividend Payout Ratio of 71.45% is within the typical range for the Textiles, Apparel & Luxury Goods industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

ONON

0.00%

Textiles, Apparel & Luxury Goods Industry

Max: 156.63%
Q3: 94.60%
Median: 52.65%
Q1: 35.04%
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.

NKE vs. ONON: A comparison of their Dividend Payout Ratio (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Dividend at a Glance

Symbol	NKE	ONON
Dividend Yield (TTM)	2.12%	0.00%
Dividend Payout Ratio (TTM)	71.45%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

NKE

33.78

Textiles, Apparel & Luxury Goods Industry

Max: 48.15
Q3: 33.82
Median: 20.70
Q1: 14.57
Min: 7.12

NKE’s P/E Ratio of 33.78 is within the middle range for the Textiles, Apparel & Luxury Goods 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

78.61

Textiles, Apparel & Luxury Goods Industry

Max: 48.15
Q3: 33.82
Median: 20.70
Q1: 14.57
Min: 7.12

At 78.61, ONON’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Textiles, Apparel & Luxury Goods industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

NKE vs. ONON: A comparison of their Price-to-Earnings Ratio (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Price-to-Sales Ratio (TTM)

NKE

2.35

Textiles, Apparel & Luxury Goods Industry

Max: 4.35
Q3: 3.06
Median: 1.66
Q1: 0.83
Min: 0.26

NKE’s P/S Ratio of 2.35 aligns with the market consensus for the Textiles, Apparel & Luxury Goods industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

ONON

3.93

Textiles, Apparel & Luxury Goods Industry

Max: 4.35
Q3: 3.06
Median: 1.66
Q1: 0.83
Min: 0.26

ONON’s P/S Ratio of 3.93 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.

NKE vs. ONON: A comparison of their Price-to-Sales Ratio (TTM) against the Textiles, Apparel & Luxury Goods industry benchmark.

Price-to-Book Ratio (MRQ)

NKE

6.88

Textiles, Apparel & Luxury Goods Industry

Max: 9.74
Q3: 5.59
Median: 3.41
Q1: 2.01
Min: 0.56

NKE’s P/B Ratio of 6.88 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.

ONON

9.70

Textiles, Apparel & Luxury Goods Industry

Max: 9.74
Q3: 5.59
Median: 3.41
Q1: 2.01
Min: 0.56

ONON’s P/B Ratio of 9.70 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.

NKE vs. ONON: A comparison of their Price-to-Book Ratio (MRQ) against the Textiles, Apparel & Luxury Goods industry benchmark.

Valuation at a Glance

Symbol	NKE	ONON
Price-to-Earnings Ratio (TTM)	33.78	78.61
Price-to-Sales Ratio (TTM)	2.35	3.93
Price-to-Book Ratio (MRQ)	6.88	9.70
Price-to-Free Cash Flow Ratio (TTM)	33.27	28.70