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NKE vs. ONON: NIKE vs. On Holding Stock Comparison

How do NIKE (NKE) 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

NIKE (NKE) and On Holding (ONON) are both classified in the Footwear sub-industry within the broader Textiles, Apparel & Luxury Goods industry, placing them in the closest GICS peer bucket.

NIKE (NKE) has more than two decades of public-market history since December 2, 1980, whereas On Holding (ONON) listed on September 15, 2021 and has a much shorter record to draw on.

Company profile comparison for NIKE (NKE) and On Holding (ONON)
Profile ItemNKEONON
NameNike, Inc. Class B Common StockOn Holding AG Class A Ordinary Shares
Country/RegionUnited StatesSwitzerland
GICS SectorConsumer DiscretionaryConsumer Discretionary
GICS Industry GroupConsumer Durables & ApparelConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods
GICS Sub-IndustryFootwearFootwear
Market Capitalization57.32 billion USD12.49 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateDecember 2, 1980September 15, 2021
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NKE
ONON
GSPC
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NIKE (NKE) 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 NIKE (NKE) and On Holding (ONON). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for NIKE (NKE) and On Holding (ONON)
MetricNKEONON
Total Return (1Y)-32.55%6.10%
Total Return (3Y, Annualized)-26.34%11.24%
Total Return (5Y, Annualized)-24.12%-0.38%

Risk Profile

Drawdown History

NKE
ONON
GSPC
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NIKE (NKE) 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 NIKE (NKE) and On Holding (ONON). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

On Holding (ONON) carries a highly aggressive beta of 2.03, indicating much higher sensitivity to broad-market moves, whereas NIKE (NKE) is closer to market-like at 1.00 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for NIKE (NKE) and On Holding (ONON)
MetricNKEONON
Volatility (1Y, Annualized)36.49%49.48%
Beta (5Y)1.002.03
Max Drawdown (5Y)-78.77%-68.90%
Avg. Volume (3M)33.03M10.75M

Risk-Adjusted Performance

Risk-Return Positioning

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NKE 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 NIKE (NKE) and On Holding (ONON)
MetricNKEONON
Sharpe Ratio (1Y)-1.010.04
Sortino Ratio (1Y)-1.310.05

Profitability

ROE (TTM)

On Holding (ONON) at 23.95% sits in the top ROE quartile, while NIKE (NKE) at 21.56% is closer to the peer norm — stronger capital efficiency for ONON.

NKE

Consumer Durables & Apparel industry group

21.56%

Max
44.27%
Q3
22.94%
NKE
21.56%
Median
12.36%
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%
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NIKE (NKE) 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 NIKE (NKE) at 6.74%, which keeps about the industry-typical share.

NKE

Consumer Durables & Apparel industry group

6.74%

Max
19.00%
Q3
9.42%
NKE
6.74%
Median
5.93%
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%
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NIKE (NKE) vs. On Holding (ONON): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

Both NIKE (NKE) at 7.92% and On Holding (ONON) at 14.02% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NKE

Consumer Durables & Apparel industry group

7.92%

Max
28.97%
Q3
14.34%
Median
8.77%
NKE
7.92%
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%
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NIKE (NKE) vs. On Holding (ONON): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for NIKE (NKE) and On Holding (ONON)
MetricNKEONON
ROE (TTM)21.56%23.95%
ROA (TTM)6.89%9.58%
Net Margin (TTM)6.74%12.30%
Operating Margin (TTM)7.92%14.02%
Gross Margin (TTM)43.41%64.82%

Growth

Revenue Growth

On Holding (ONON) at 30.01% clears its industry range for revenue growth, far stronger top-line momentum than NIKE (NKE) at 0.19%, which is closer to a typical peer reading.

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

EPS Growth

Both NIKE (NKE) at -2.78% 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.

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

Growth Metrics

Growth metrics for NIKE (NKE) and On Holding (ONON)
MetricNKEONON
Revenue Growth (YoY)0.19%30.01%
Revenue Growth (3Y CAGR)-3.24%35.11%
EPS Growth (YoY)-2.78%-17.57%
EPS Growth (3Y CAGR)-13.37%50.21%

Financial Strength

Current Ratio (MRQ)

Both NIKE (NKE) at 2.08 and On Holding (ONON) at 2.83 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NKE

Consumer Durables & Apparel industry group

2.08

Max
5.48
Q3
3.70
Median
2.10
NKE
2.08
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
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NIKE (NKE) vs. On Holding (ONON): A comparison of their current ratio against the Consumer Durables & Apparel industry group benchmark.

Debt / Equity (MRQ)

Both NIKE (NKE) at 0.73 and On Holding (ONON) at 0.29 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NKE

Consumer Durables & Apparel industry group

0.73

Max
2.46
Q3
1.19
NKE
0.73
Median
0.45
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
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NIKE (NKE) 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 NIKE (NKE) and On Holding (ONON)
MetricNKEONON
Current Ratio (MRQ)2.082.83
Debt / Equity (MRQ)0.730.29
Net Debt / EBITDA0.56-1.38

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 NIKE (NKE) reports a yield of 4.15%, ranking against industry peers normally.

NKE

Consumer Durables & Apparel industry group

4.15%

Max
5.10%
NKE
4.15%
Q3
2.20%
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%
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NIKE (NKE) 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 NIKE (NKE) reports a payout of 78.85%, ranking against industry peers normally.

NKE

Consumer Durables & Apparel industry group

78.85%

Max
96.30%
NKE
78.85%
Q3
39.57%
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%
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NIKE (NKE) vs. On Holding (ONON): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for NIKE (NKE) and On Holding (ONON)
MetricNKEONON
Dividend Yield (TTM)4.15%0.00%
Dividend Payout Ratio (TTM)78.85%0.00%

Valuation

P/E Ratio (TTM)

Both NIKE (NKE) at 18.55 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.

NKE

Consumer Durables & Apparel industry group

18.55

Max
40.20
Q3
25.33
NKE
18.55
Median
17.52
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
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NIKE (NKE) vs. On Holding (ONON): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

NIKE (NKE) at 1.25 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.

NKE

Consumer Durables & Apparel industry group

1.25

Max
3.32
Q3
1.74
NKE
1.25
Median
1.02
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
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NIKE (NKE) vs. On Holding (ONON): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

NIKE (NKE) at 3.76 is valued about in line with its industry on P/B ratio, while On Holding (ONON) at 5.38 carries an above-peer premium to book — ONON is pricier on assets.

NKE

Consumer Durables & Apparel industry group

3.76

Max
8.35
Q3
4.28
NKE
3.76
Median
2.11
Q1
1.09
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
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NIKE (NKE) vs. On Holding (ONON): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for NIKE (NKE) and On Holding (ONON)
MetricNKEONON
P/E Ratio (TTM)18.5524.91
P/S Ratio (TTM)1.253.88
P/B Ratio (MRQ)3.765.38
Free Cash Flow Yield (TTM)3.08%2.31%