ONON vs. SONY: On Holding vs. Sony Stock Comparison
How do On Holding (ONON) and Sony (SONY) 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 Sony (SONY) both fall under the Consumer Durables & Apparel industry group, but ONON is classified in Textiles, Apparel & Luxury Goods while SONY is classified in Household Durables.
Sony (SONY) has more than two decades of public-market history since February 21, 1973, whereas On Holding (ONON) listed on September 15, 2021 and has a much shorter record to draw on.
On Holding (ONON) trades as ordinary local shares, while Sony (SONY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | ONON | SONY |
|---|---|---|
| Name | On Holding AG Class A Ordinary Shares | Sony Group Corp. Sponsored ADR |
| Country/Region | Switzerland | Japan |
| 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 | Consumer Electronics |
| Market Capitalization | 12.49 billion USD | 157.36 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | September 15, 2021 | February 21, 1973 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ONON | SONY |
|---|---|---|
| Total Return (1Y) | 6.10% | -2.51% |
| Total Return (3Y, Annualized) | 11.24% | 18.61% |
| Total Return (5Y, Annualized) | -0.38% | 2.44% |
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 Sony (SONY) is closer to market-like at 0.96 — a noticeable difference in market-sensitivity profile.
| Metric | ONON | SONY |
|---|---|---|
| Volatility (1Y, Annualized) | 49.48% | 29.89% |
| Beta (5Y) | 2.03 | 0.96 |
| Max Drawdown (5Y) | -68.90% | -50.56% |
| Avg. Volume (3M) | 10.75M | 4.11M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ONON | SONY |
|---|---|---|
| Sharpe Ratio (1Y) | 0.04 | -0.23 |
| Sortino Ratio (1Y) | 0.05 | -0.35 |
Profitability
ROE (TTM)
On Holding (ONON) at 23.95% sits in the top ROE quartile, while Sony (SONY) at 15.05% 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%
SONY
Consumer Durables & Apparel industry group
15.05%
- Max
- 44.27%
- Q3
- 22.94%
- SONY
- 15.05%
- Median
- 12.36%
- Q1
- 5.76%
- Min
- -12.76%
Net Margin (TTM)
Sony (SONY) reports a negative net margin of -1.03%, usually indicating a net loss over the period. Meanwhile On Holding (ONON) reports 12.30%, ranking against industry peers normally.
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%
SONY
Consumer Durables & Apparel industry group
-1.03%
- Max
- 19.00%
- Q3
- 9.42%
- Median
- 5.93%
- Q1
- 2.80%
- SONY
- -1.03%
- Min
- -7.09%
Operating Margin (TTM)
Sony (SONY) at 18.81% 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%
SONY
Consumer Durables & Apparel industry group
18.81%
- Max
- 28.97%
- SONY
- 18.81%
- Q3
- 14.34%
- Median
- 8.77%
- Q1
- 4.05%
- Min
- -7.88%
Profitability Metrics
| Metric | ONON | SONY |
|---|---|---|
| ROE (TTM) | 23.95% | 15.05% |
| ROA (TTM) | 9.58% | 4.63% |
| Net Margin (TTM) | 12.30% | -1.03% |
| Operating Margin (TTM) | 14.02% | 18.81% |
| Gross Margin (TTM) | 64.82% | 33.45% |
Growth
Revenue Growth
On Holding (ONON) at 30.01% clears its industry range for revenue growth, far stronger top-line momentum than Sony (SONY) at 3.70%, which is closer to a typical peer reading.
EPS Growth
On Holding (ONON) at -17.57% is around its peer norm for EPS growth, while Sony (SONY) at -129.11% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | ONON | SONY |
|---|---|---|
| Revenue Growth (YoY) | 30.01% | 3.70% |
| Revenue Growth (3Y CAGR) | 35.11% | 4.38% |
| EPS Growth (YoY) | -17.57% | -129.11% |
| EPS Growth (3Y CAGR) | 50.21% | -- |
Financial Strength
Current Ratio (MRQ)
On Holding (ONON) at 2.83 keeps current ratio within its industry’s typical mid-range, while Sony (SONY) at 1.25 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SONY.
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
SONY
Consumer Durables & Apparel industry group
1.25
- Max
- 5.48
- Q3
- 3.70
- Median
- 2.10
- Q1
- 1.64
- SONY
- 1.25
- Min
- 0.75
Debt / Equity (MRQ)
Both On Holding (ONON) at 0.29 and Sony (SONY) at 0.23 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
SONY
Consumer Durables & Apparel industry group
0.23
- Max
- 2.46
- Q3
- 1.19
- Median
- 0.45
- SONY
- 0.23
- Q1
- 0.23
- Min
- 0.00
Financial Strength Metrics
| Metric | ONON | SONY |
|---|---|---|
| Current Ratio (MRQ) | 2.83 | 1.25 |
| Debt / Equity (MRQ) | 0.29 | 0.23 |
| Net Debt / EBITDA | -1.38 | 0.03 |
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 Sony (SONY) reports a yield of 108.93%, 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%
SONY
Consumer Durables & Apparel industry group
108.93%
- SONY
- 108.93%
- Max
- 5.10%
- Q3
- 2.20%
- 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 Sony (SONY) reports a payout of 5.66%, 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%
SONY
Consumer Durables & Apparel industry group
5.66%
- Max
- 96.30%
- Q3
- 39.57%
- Median
- 11.11%
- SONY
- 5.66%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | ONON | SONY |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 108.93% |
| Dividend Payout Ratio (TTM) | 0.00% | 5.66% |
Valuation
P/E Ratio (TTM)
Both On Holding (ONON) at 24.91 and Sony (SONY) at 20.15 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
SONY
Consumer Durables & Apparel industry group
20.15
- Max
- 40.20
- Q3
- 25.33
- SONY
- 20.15
- Median
- 17.52
- Q1
- 14.50
- Min
- 5.29
P/S Ratio (TTM)
Sony (SONY) at 0.01 sits in the cheaper P/S ratio quartile while On Holding (ONON) at 3.88 prices above its industry range — a wide gap in sales valuation between them.
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
SONY
Consumer Durables & Apparel industry group
0.01
- Max
- 3.32
- Q3
- 1.74
- Median
- 1.02
- Q1
- 0.56
- SONY
- 0.01
- Min
- 0.01
P/B Ratio (MRQ)
Sony (SONY) at 2.92 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
SONY
Consumer Durables & Apparel industry group
2.92
- Max
- 8.35
- Q3
- 4.28
- SONY
- 2.92
- Median
- 2.11
- Q1
- 1.09
- Min
- 0.49
Valuation Metrics
| Metric | ONON | SONY |
|---|---|---|
| P/E Ratio (TTM) | 24.91 | 20.15 |
| P/S Ratio (TTM) | 3.88 | 0.01 |
| P/B Ratio (MRQ) | 5.38 | 2.92 |
| Free Cash Flow Yield (TTM) | 2.31% | 1,463.31% |