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ONON vs. SGI: On Holding vs. Somnigroup Stock Comparison

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

Somnigroup (SGI) has more than two decades of public-market history since December 18, 2003, 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 Somnigroup (SGI)
Profile ItemONONSGI
NameOn Holding AG Class A Ordinary SharesSomnigroup International Inc.
Country/RegionSwitzerlandUnited States
GICS SectorConsumer DiscretionaryConsumer Discretionary
GICS Industry GroupConsumer Durables & ApparelConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury GoodsHousehold Durables
GICS Sub-IndustryFootwearHome Furnishings
Market Capitalization12.49 billion USD14.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 15, 2021December 18, 2003
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ONON
SGI
GSPC
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On Holding (ONON) vs. Somnigroup (SGI), 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 Somnigroup (SGI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for On Holding (ONON) and Somnigroup (SGI)
MetricONONSGI
Total Return (1Y)6.10%-26.93%
Total Return (3Y, Annualized)11.24%23.03%
Total Return (5Y, Annualized)-0.38%9.33%

Risk Profile

Drawdown History

ONON
SGI
GSPC
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On Holding (ONON) vs. Somnigroup (SGI), 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 Somnigroup (SGI). 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 Somnigroup (SGI) is closer to market-like at 1.27 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for On Holding (ONON) and Somnigroup (SGI)
MetricONONSGI
Volatility (1Y, Annualized)49.48%41.48%
Beta (5Y)2.031.27
Max Drawdown (5Y)-68.90%-57.43%
Avg. Volume (3M)10.75M3.26M

Risk-Adjusted Performance

Risk-Return Positioning

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ONON and SGI 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 Somnigroup (SGI)
MetricONONSGI
Sharpe Ratio (1Y)0.04-0.75
Sortino Ratio (1Y)0.05-1.08

Profitability

ROE (TTM)

On Holding (ONON) at 23.95% sits in the top ROE quartile, while Somnigroup (SGI) at 17.52% is closer to the peer norm — stronger capital efficiency for ONON.

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%

SGI

Consumer Durables & Apparel industry group

17.52%

Max
44.27%
Q3
22.94%
SGI
17.52%
Median
12.36%
Q1
5.76%
Min
-12.76%
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On Holding (ONON) vs. Somnigroup (SGI): 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 Somnigroup (SGI) at 7.00%, which keeps about the industry-typical share.

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%

SGI

Consumer Durables & Apparel industry group

7.00%

Max
19.00%
Q3
9.42%
SGI
7.00%
Median
5.93%
Q1
2.80%
Min
-7.09%
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On Holding (ONON) vs. Somnigroup (SGI): 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 Somnigroup (SGI) at 11.13% 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%

SGI

Consumer Durables & Apparel industry group

11.13%

Max
28.97%
Q3
14.34%
SGI
11.13%
Median
8.77%
Q1
4.05%
Min
-7.88%
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On Holding (ONON) vs. Somnigroup (SGI): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for On Holding (ONON) and Somnigroup (SGI)
MetricONONSGI
ROE (TTM)23.95%17.52%
ROA (TTM)9.58%5.53%
Net Margin (TTM)12.30%7.00%
Operating Margin (TTM)14.02%11.13%
Gross Margin (TTM)64.82%44.73%

Growth

Revenue Growth

Both On Holding (ONON) at 30.01% and Somnigroup (SGI) at 51.63% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

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

EPS Growth

Both On Holding (ONON) at -17.57% and Somnigroup (SGI) at -14.81% 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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On Holding (ONON) vs. Somnigroup (SGI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for On Holding (ONON) and Somnigroup (SGI)
MetricONONSGI
Revenue Growth (YoY)30.01%51.63%
Revenue Growth (3Y CAGR)35.11%14.96%
EPS Growth (YoY)-17.57%-14.81%
EPS Growth (3Y CAGR)50.21%-10.07%

Financial Strength

Current Ratio (MRQ)

On Holding (ONON) at 2.83 keeps current ratio within its industry’s typical mid-range, while Somnigroup (SGI) at 0.75 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SGI.

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

SGI

Consumer Durables & Apparel industry group

0.75

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

Debt / Equity (MRQ)

On Holding (ONON) at 0.29 carries an industry-typical debt-to-equity mix, while Somnigroup (SGI) at 1.98 uses more debt funding than most peers.

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

SGI

Consumer Durables & Apparel industry group

1.98

Max
2.46
SGI
1.98
Q3
1.19
Median
0.45
Q1
0.23
Min
0.00
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On Holding (ONON) vs. Somnigroup (SGI): 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 Somnigroup (SGI)
MetricONONSGI
Current Ratio (MRQ)2.830.75
Debt / Equity (MRQ)0.291.98
Net Debt / EBITDA-1.384.94

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 Somnigroup (SGI) reports a yield of 0.94%, 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%

SGI

Consumer Durables & Apparel industry group

0.94%

Max
5.10%
Q3
2.20%
SGI
0.94%
Median
0.77%
Q1
0.00%
Min
0.00%
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On Holding (ONON) vs. Somnigroup (SGI): 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 Somnigroup (SGI) reports a payout of 25.50%, 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%

SGI

Consumer Durables & Apparel industry group

25.50%

Max
96.30%
Q3
39.57%
SGI
25.50%
Median
11.11%
Q1
0.00%
Min
0.00%
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On Holding (ONON) vs. Somnigroup (SGI): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for On Holding (ONON) and Somnigroup (SGI)
MetricONONSGI
Dividend Yield (TTM)0.00%0.94%
Dividend Payout Ratio (TTM)0.00%25.50%

Valuation

P/E Ratio (TTM)

On Holding (ONON) at 24.91 is near its industry’s usual P/E ratio, while Somnigroup (SGI) at 25.57 sits in the richer quartile — SGI needs stronger growth or earnings quality to justify the premium.

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

SGI

Consumer Durables & Apparel industry group

25.57

Max
40.20
SGI
25.57
Q3
25.33
Median
17.52
Q1
14.50
Min
5.29
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On Holding (ONON) vs. Somnigroup (SGI): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Somnigroup (SGI) at 1.94 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

SGI

Consumer Durables & Apparel industry group

1.94

Max
3.32
SGI
1.94
Q3
1.74
Median
1.02
Q1
0.56
Min
0.01
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On Holding (ONON) vs. Somnigroup (SGI): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

Somnigroup (SGI) at 4.18 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.

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

SGI

Consumer Durables & Apparel industry group

4.18

Max
8.35
Q3
4.28
SGI
4.18
Median
2.11
Q1
1.09
Min
0.49
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On Holding (ONON) vs. Somnigroup (SGI): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for On Holding (ONON) and Somnigroup (SGI)
MetricONONSGI
P/E Ratio (TTM)24.9125.57
P/S Ratio (TTM)3.881.94
P/B Ratio (MRQ)5.384.18
Free Cash Flow Yield (TTM)2.31%4.66%