ONON vs. SN: On Holding vs. SharkNinja Stock Comparison

November 11, 2026

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

Company profile comparison for On Holding (ONON) and SharkNinja (SN)
Profile Item	ONON	SN
Name	On Holding AG Class A Ordinary Shares	SharkNinja, 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	Household Appliances
Market Capitalization	12.49 billion USD	31.42 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 15, 2021	July 31, 2023
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ONON

GSPC

On Holding (ONON) vs. SharkNinja (SN), 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 SharkNinja (SN). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for On Holding (ONON) and SharkNinja (SN)
Metric	ONON	SN
Total Return (1Y)	6.10%	145.38%
Total Return (3Y, Annualized)	11.24%	74.61%
Total Return (5Y, Annualized)	-0.38%	--

Risk Profile

Drawdown History

ONON

GSPC

On Holding (ONON) vs. SharkNinja (SN), 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 SharkNinja (SN). 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 SharkNinja (SN) is closer to market-like at 1.14 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for On Holding (ONON) and SharkNinja (SN)
Metric	ONON	SN
Volatility (1Y, Annualized)	49.48%	42.31%
Beta (5Y)	2.03	1.14
Max Drawdown (5Y)	-68.90%	-42.64%
Avg. Volume (3M)	10.75M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

ONON and SN 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 SharkNinja (SN)
Metric	ONON	SN
Sharpe Ratio (1Y)	0.04	3.34
Sortino Ratio (1Y)	0.05	5.64

Profitability

ROE (TTM)

Both On Holding (ONON) at 23.95% and SharkNinja (SN) at 30.34% 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%

SN

Consumer Durables & Apparel industry group

30.34%

Max: 44.27%
SN: 30.34%
Q3: 22.94%
Median: 12.36%
Q1: 5.76%
Min: -12.76%

On Holding (ONON) vs. SharkNinja (SN): 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 SharkNinja (SN) at 11.64% 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%

SN

Consumer Durables & Apparel industry group

11.64%

Max: 19.00%
SN: 11.64%
Q3: 9.42%
Median: 5.93%
Q1: 2.80%
Min: -7.09%

On Holding (ONON) vs. SharkNinja (SN): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

SharkNinja (SN) at 22.41% operates in the top operating margin quartile, ahead of On Holding (ONON) at 14.02%, which runs around its industry’s norm.

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%

SN

Consumer Durables & Apparel industry group

22.41%

Max: 28.97%
SN: 22.41%
Q3: 14.34%
Median: 8.77%
Q1: 4.05%
Min: -7.88%

On Holding (ONON) vs. SharkNinja (SN): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for On Holding (ONON) and SharkNinja (SN)
Metric	ONON	SN
ROE (TTM)	23.95%	30.34%
ROA (TTM)	9.58%	12.64%
Net Margin (TTM)	12.30%	11.64%
Operating Margin (TTM)	14.02%	22.41%
Gross Margin (TTM)	64.82%	51.45%

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; SharkNinja (SN) at 15.75% also sits in the top quartile.

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

EPS Growth

SharkNinja (SN) at 58.84% 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 SN.

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

Growth Metrics

Growth metrics for On Holding (ONON) and SharkNinja (SN)
Metric	ONON	SN
Revenue Growth (YoY)	30.01%	15.75%
Revenue Growth (3Y CAGR)	35.11%	19.85%
EPS Growth (YoY)	-17.57%	58.84%
EPS Growth (3Y CAGR)	50.21%	43.50%

Financial Strength

Current Ratio (MRQ)

Both On Holding (ONON) at 2.83 and SharkNinja (SN) at 2.04 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

SN

Consumer Durables & Apparel industry group

2.04

Max: 5.48
Q3: 3.70
Median: 2.10
SN: 2.04
Q1: 1.64
Min: 0.75

On Holding (ONON) vs. SharkNinja (SN): 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 SharkNinja (SN) at 0.29 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

SN

Consumer Durables & Apparel industry group

0.29

Max: 2.46
Q3: 1.19
Median: 0.45
SN: 0.29
Q1: 0.23
Min: 0.00

On Holding (ONON) vs. SharkNinja (SN): 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 SharkNinja (SN)
Metric	ONON	SN
Current Ratio (MRQ)	2.83	2.04
Debt / Equity (MRQ)	0.29	0.29
Net Debt / EBITDA	-1.38	0.33

Dividends

Dividend Yield (TTM)

Neither On Holding (ONON) nor SharkNinja (SN) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

SN

Consumer Durables & Apparel industry group

0.00%

Max: 5.10%
Q3: 2.20%
Median: 0.77%
SN: 0.00%
Q1: 0.00%
Min: 0.00%

On Holding (ONON) vs. SharkNinja (SN): A comparison of their dividend yield against the Consumer Durables & Apparel industry group benchmark.

Dividend Payout Ratio (TTM)

Neither On Holding (ONON) nor SharkNinja (SN) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

SN

Consumer Durables & Apparel industry group

0.00%

Max: 96.30%
Q3: 39.57%
Median: 11.11%
SN: 0.00%
Q1: 0.00%
Min: 0.00%

On Holding (ONON) vs. SharkNinja (SN): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for On Holding (ONON) and SharkNinja (SN)
Metric	ONON	SN
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

On Holding (ONON) at 24.91 is near its industry’s usual P/E ratio, while SharkNinja (SN) at 37.41 sits in the richer quartile — SN 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

SN

Consumer Durables & Apparel industry group

37.41

Max: 40.20
SN: 37.41
Q3: 25.33
Median: 17.52
Q1: 14.50
Min: 5.29

On Holding (ONON) vs. SharkNinja (SN): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both On Holding (ONON) at 3.88 and SharkNinja (SN) at 4.33 — each P/S ratio clears its industry’s benchmark 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

SN

Consumer Durables & Apparel industry group

4.33

SN: 4.33
Max: 3.32
Q3: 1.74
Median: 1.02
Q1: 0.56
Min: 0.01

On Holding (ONON) vs. SharkNinja (SN): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: On Holding (ONON) at 5.38 sits in the upper P/B ratio quartile, and SharkNinja (SN) at 9.93 prices even higher, above its industry range.

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

SN

Consumer Durables & Apparel industry group

9.93

SN: 9.93
Max: 8.35
Q3: 4.28
Median: 2.11
Q1: 1.09
Min: 0.49

On Holding (ONON) vs. SharkNinja (SN): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for On Holding (ONON) and SharkNinja (SN)
Metric	ONON	SN
P/E Ratio (TTM)	24.91	37.41
P/S Ratio (TTM)	3.88	4.33
P/B Ratio (MRQ)	5.38	9.93
Free Cash Flow Yield (TTM)	2.31%	1.09%