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.
| Profile Item | ONON | SGI |
|---|---|---|
| Name | On Holding AG Class A Ordinary Shares | Somnigroup International Inc. |
| Country/Region | Switzerland | United States |
| GICS Sector | Consumer Discretionary | Consumer Discretionary |
| GICS Industry Group | Consumer Durables & Apparel | Consumer Durables & Apparel |
| GICS Industry | Textiles, Apparel & Luxury Goods | Household Durables |
| GICS Sub-Industry | Footwear | Home Furnishings |
| Market Capitalization | 12.49 billion USD | 14.77 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | September 15, 2021 | December 18, 2003 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ONON | SGI |
|---|---|---|
| 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
Return Distribution
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.
| Metric | ONON | SGI |
|---|---|---|
| Volatility (1Y, Annualized) | 49.48% | 41.48% |
| Beta (5Y) | 2.03 | 1.27 |
| Max Drawdown (5Y) | -68.90% | -57.43% |
| Avg. Volume (3M) | 10.75M | 3.26M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ONON | SGI |
|---|---|---|
| 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%
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%
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%
Profitability Metrics
| Metric | ONON | SGI |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | ONON | SGI |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | ONON | SGI |
|---|---|---|
| Current Ratio (MRQ) | 2.83 | 0.75 |
| Debt / Equity (MRQ) | 0.29 | 1.98 |
| Net Debt / EBITDA | -1.38 | 4.94 |
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%
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%
Dividend Metrics
| Metric | ONON | SGI |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | ONON | SGI |
|---|---|---|
| P/E Ratio (TTM) | 24.91 | 25.57 |
| P/S Ratio (TTM) | 3.88 | 1.94 |
| P/B Ratio (MRQ) | 5.38 | 4.18 |
| Free Cash Flow Yield (TTM) | 2.31% | 4.66% |