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ONON vs. RL: On Holding vs. Ralph Lauren Stock Comparison

How do On Holding (ONON) and Ralph Lauren (RL) 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

On Holding (ONON) and Ralph Lauren (RL) both belong to the Textiles, Apparel & Luxury Goods industry, though ONON is classified under Footwear while RL falls under Apparel, Accessories & Luxury Goods.

Ralph Lauren (RL) has more than two decades of public-market history since June 12, 1997, whereas On Holding (ONON) listed on September 15, 2021 and has a much shorter record to draw on.

Company profile comparison for On Holding (ONON) and Ralph Lauren (RL)
Profile ItemONONRL
NameOn Holding AG Class A Ordinary SharesRalph Lauren Corp. Class A Common Stock
Country/RegionSwitzerlandUnited States
GICS SectorConsumer DiscretionaryConsumer Discretionary
GICS Industry GroupConsumer Durables & ApparelConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods
GICS Sub-IndustryFootwearApparel, Accessories & Luxury Goods
Market Capitalization12.49 billion USD22.26 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 15, 2021June 12, 1997
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ONON
RL
GSPC
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On Holding (ONON) vs. Ralph Lauren (RL), 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 On Holding (ONON) and Ralph Lauren (RL). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
Total Return (1Y)6.10%24.13%
Total Return (3Y, Annualized)11.24%52.81%
Total Return (5Y, Annualized)-0.38%27.77%

Risk Profile

Drawdown History

ONON
RL
GSPC
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On Holding (ONON) vs. Ralph Lauren (RL), 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 On Holding (ONON) and Ralph Lauren (RL). 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 Ralph Lauren (RL) is closer to market-like at 1.28 — a noticeable difference in market-sensitivity profile.

On Holding (ONON) is heavily traded at around 10.75M shares per day, whereas Ralph Lauren (RL) sees a more moderate 607.17K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
Volatility (1Y, Annualized)49.48%36.24%
Beta (5Y)2.031.28
Max Drawdown (5Y)-68.90%-36.51%
Avg. Volume (3M)10.75M607.17K

Risk-Adjusted Performance

Risk-Return Positioning

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ONON and RL 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 On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
Sharpe Ratio (1Y)0.040.55
Sortino Ratio (1Y)0.050.87

Profitability

ROE (TTM)

Both On Holding (ONON) at 23.95% and Ralph Lauren (RL) at 40.36% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

RL

Consumer Durables & Apparel industry group

40.36%

Max
44.27%
RL
40.36%
Q3
22.94%
Median
12.36%
Q1
5.76%
Min
-12.76%
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their ROE against the Consumer Durables & Apparel industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both On Holding (ONON) at 12.30% and Ralph Lauren (RL) at 12.56% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

RL

Consumer Durables & Apparel industry group

12.56%

Max
19.00%
RL
12.56%
Q3
9.42%
Median
5.93%
Q1
2.80%
Min
-7.09%
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

Both On Holding (ONON) at 14.02% and Ralph Lauren (RL) at 14.10% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

RL

Consumer Durables & Apparel industry group

14.10%

Max
28.97%
Q3
14.34%
RL
14.10%
Median
8.77%
Q1
4.05%
Min
-7.88%
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
ROE (TTM)23.95%40.36%
ROA (TTM)9.58%11.52%
Net Margin (TTM)12.30%12.56%
Operating Margin (TTM)14.02%14.10%
Gross Margin (TTM)64.82%70.87%

Growth

Revenue Growth

Both companies are growing quickly, but On Holding (ONON) at 30.01% is the standout with revenue growth above its industry range; Ralph Lauren (RL) at 14.63% also sits in the top quartile.

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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Ralph Lauren (RL) at 30.15% 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 RL.

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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
Revenue Growth (YoY)30.01%14.63%
Revenue Growth (3Y CAGR)35.11%7.99%
EPS Growth (YoY)-17.57%30.15%
EPS Growth (3Y CAGR)50.21%25.85%

Financial Strength

Current Ratio (MRQ)

Both On Holding (ONON) at 2.83 and Ralph Lauren (RL) at 1.97 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

RL

Consumer Durables & Apparel industry group

1.97

Max
5.48
Q3
3.70
Median
2.10
RL
1.97
Q1
1.64
Min
0.75
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their current ratio against the Consumer Durables & Apparel industry group benchmark.

Debt / Equity (MRQ)

Both On Holding (ONON) at 0.29 and Ralph Lauren (RL) at 1.10 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

RL

Consumer Durables & Apparel industry group

1.10

Max
2.46
Q3
1.19
RL
1.10
Median
0.45
Q1
0.23
Min
0.00
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their debt-to-equity ratio against the Consumer Durables & Apparel industry group benchmark.

Financial Strength Metrics

Financial strength metrics for On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
Current Ratio (MRQ)2.831.97
Debt / Equity (MRQ)0.291.10
Net Debt / EBITDA-1.380.73

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 Ralph Lauren (RL) reports a yield of 1.00%, ranking against industry peers normally.

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%

RL

Consumer Durables & Apparel industry group

1.00%

Max
5.10%
Q3
2.20%
RL
1.00%
Median
0.77%
Q1
0.00%
Min
0.00%
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On Holding (ONON) vs. Ralph Lauren (RL): 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 Ralph Lauren (RL) reports a payout of 21.96%, ranking against industry peers normally.

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%

RL

Consumer Durables & Apparel industry group

21.96%

Max
96.30%
Q3
39.57%
RL
21.96%
Median
11.11%
Q1
0.00%
Min
0.00%
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
Dividend Yield (TTM)0.00%1.00%
Dividend Payout Ratio (TTM)0.00%21.96%

Valuation

P/E Ratio (TTM)

Both On Holding (ONON) at 24.91 and Ralph Lauren (RL) at 21.62 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

RL

Consumer Durables & Apparel industry group

21.62

Max
40.20
Q3
25.33
RL
21.62
Median
17.52
Q1
14.50
Min
5.29
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Ralph Lauren (RL) at 2.61 sits in the upper P/S ratio quartile, and On Holding (ONON) at 3.88 prices even higher, above its industry range.

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

RL

Consumer Durables & Apparel industry group

2.61

Max
3.32
RL
2.61
Q3
1.74
Median
1.02
Q1
0.56
Min
0.01
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

Both On Holding (ONON) at 5.38 and Ralph Lauren (RL) at 8.15 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

RL

Consumer Durables & Apparel industry group

8.15

Max
8.35
RL
8.15
Q3
4.28
Median
2.11
Q1
1.09
Min
0.49
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On Holding (ONON) vs. Ralph Lauren (RL): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for On Holding (ONON) and Ralph Lauren (RL)
MetricONONRL
P/E Ratio (TTM)24.9121.62
P/S Ratio (TTM)3.882.61
P/B Ratio (MRQ)5.388.15
Free Cash Flow Yield (TTM)2.31%4.99%