ONON vs. SW: A Head-to-Head Stock Comparison

Updated on August 22, 2025

Here’s a clear look at ONON and SW, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	ONON	SW
Company Name	On Holding AG	Smurfit Westrock Plc
Country	Switzerland	Ireland
GICS Sector	Consumer Discretionary	Materials
GICS Industry	Textiles, Apparel & Luxury Goods	Containers & Packaging
Market Capitalization	14.77 billion USD	21.90 billion USD
Exchange	NYSE	NYSE
Listing Date	September 15, 2021	June 17, 2008
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of ONON and SW by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

ONON vs. SW: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	ONON	SW
5-Day Price Return	2.33%	-4.05%
13-Week Price Return	-24.59%	-9.57%
26-Week Price Return	-13.61%	-23.24%
52-Week Price Return	6.57%	-3.54%
Month-to-Date Return	-6.86%	-5.48%
Year-to-Date Return	-17.40%	-22.11%
10-Day Avg. Volume	10.60M	4.11M
3-Month Avg. Volume	5.65M	3.61M
3-Month Volatility	39.21%	31.62%
Beta	2.27	1.10

Profitability

Return on Equity (TTM)

ONON

15.64%

Textiles, Apparel & Luxury Goods Industry

Max: 53.33%
Q3: 26.13%
Median: 18.47%
Q1: 7.99%
Min: -10.49%

ONON’s Return on Equity of 15.64% is on par with the norm for the Textiles, Apparel & Luxury Goods industry, indicating its profitability relative to shareholder equity is typical for the sector.

SW

2.94%

Containers & Packaging Industry

Max: 41.66%
Q3: 20.76%
Median: 14.35%
Q1: 6.55%
Min: 3.64%

A Return on Equity of 2.94% places SW below the typical range for the Containers & Packaging industry. This suggests challenges in efficiently using shareholder capital to generate profit, which could point to operational issues or a conservative capital structure.

ONON vs. SW: A comparison of their Return on Equity (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Net Profit Margin (TTM)

ONON

8.24%

Textiles, Apparel & Luxury Goods Industry

Max: 23.35%
Q3: 13.49%
Median: 8.45%
Q1: 4.18%
Min: -3.90%

ONON’s Net Profit Margin of 8.24% is aligned with the median group of its peers in the Textiles, Apparel & Luxury Goods industry. This indicates its ability to convert revenue into profit is typical for the sector.

SW

1.18%

Containers & Packaging Industry

Max: 11.61%
Q3: 8.17%
Median: 4.91%
Q1: 4.20%
Min: 0.08%

Falling into the lower quartile for the Containers & Packaging industry, SW’s Net Profit Margin of 1.18% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

ONON vs. SW: A comparison of their Net Profit Margin (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Operating Profit Margin (TTM)

ONON

9.86%

Textiles, Apparel & Luxury Goods Industry

Max: 29.47%
Q3: 20.87%
Median: 13.00%
Q1: 7.02%
Min: -3.59%

ONON’s Operating Profit Margin of 9.86% is around the midpoint for the Textiles, Apparel & Luxury Goods industry, indicating that its efficiency in managing core business operations is typical for the sector.

SW

4.20%

Containers & Packaging Industry

Max: 22.03%
Q3: 13.17%
Median: 8.87%
Q1: 6.86%
Min: 0.07%

SW’s Operating Profit Margin of 4.20% is in the lower quartile for the Containers & Packaging industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

ONON vs. SW: A comparison of their Operating Profit Margin (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Profitability at a Glance

Symbol	ONON	SW
Return on Equity (TTM)	15.64%	2.94%
Return on Assets (TTM)	9.34%	1.17%
Net Profit Margin (TTM)	8.24%	1.18%
Operating Profit Margin (TTM)	9.86%	4.20%
Gross Profit Margin (TTM)	60.62%	19.46%

Financial Strength

Current Ratio (MRQ)

ONON

2.80

Textiles, Apparel & Luxury Goods Industry

Max: 3.91
Q3: 2.49
Median: 1.89
Q1: 1.43
Min: 0.80

ONON’s Current Ratio of 2.80 is in the upper quartile for the Textiles, Apparel & Luxury Goods industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

SW

1.45

Containers & Packaging Industry

Max: 2.13
Q3: 1.57
Median: 1.27
Q1: 1.13
Min: 0.58

SW’s Current Ratio of 1.45 aligns with the median group of the Containers & Packaging industry, indicating that its short-term liquidity is in line with its sector peers.

ONON vs. SW: A comparison of their Current Ratio (MRQ) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Debt-to-Equity Ratio (MRQ)

ONON

0.23

Textiles, Apparel & Luxury Goods Industry

Max: 2.67
Q3: 1.29
Median: 0.59
Q1: 0.24
Min: 0.00

Falling into the lower quartile for the Textiles, Apparel & Luxury Goods industry, ONON’s Debt-to-Equity Ratio of 0.23 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

SW

0.79

Containers & Packaging Industry

Max: 4.50
Q3: 2.23
Median: 1.22
Q1: 0.54
Min: 0.23

SW’s Debt-to-Equity Ratio of 0.79 is typical for the Containers & Packaging industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ONON vs. SW: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Interest Coverage Ratio (TTM)

ONON

1.62

Textiles, Apparel & Luxury Goods Industry

Max: 57.00
Q3: 35.85
Median: 9.20
Q1: 4.29
Min: -32.49

In the lower quartile for the Textiles, Apparel & Luxury Goods industry, ONON’s Interest Coverage Ratio of 1.62 indicates a tighter cushion for servicing debt, suggesting less financial flexibility than many of its competitors.

SW

2.41

Containers & Packaging Industry

Max: 13.16
Q3: 8.10
Median: 3.61
Q1: 2.94
Min: 1.06

In the lower quartile for the Containers & Packaging industry, SW’s Interest Coverage Ratio of 2.41 indicates a tighter cushion for servicing debt, suggesting less financial flexibility than many of its competitors.

ONON vs. SW: A comparison of their Interest Coverage Ratio (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Financial Strength at a Glance

Symbol	ONON	SW
Current Ratio (MRQ)	2.80	1.45
Quick Ratio (MRQ)	2.18	0.95
Debt-to-Equity Ratio (MRQ)	0.23	0.79
Interest Coverage Ratio (TTM)	1.62	2.41

Growth

Revenue Growth

ONON vs. SW: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

ONON vs. SW: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

ONON

0.00%

Textiles, Apparel & Luxury Goods Industry

Max: 6.59%
Q3: 3.60%
Median: 2.59%
Q1: 0.95%
Min: 0.00%

ONON currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

SW

3.50%

Containers & Packaging Industry

Max: 7.37%
Q3: 4.07%
Median: 3.33%
Q1: 1.72%
Min: 0.00%

SW’s Dividend Yield of 3.50% is consistent with its peers in the Containers & Packaging industry, providing a dividend return that is standard for its sector.

ONON vs. SW: A comparison of their Dividend Yield (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Dividend Payout Ratio (TTM)

ONON

0.00%

Textiles, Apparel & Luxury Goods Industry

Max: 195.44%
Q3: 106.47%
Median: 58.77%
Q1: 36.52%
Min: 0.00%

ONON has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

SW

85.87%

Containers & Packaging Industry

Max: 221.20%
Q3: 119.52%
Median: 58.05%
Q1: 28.91%
Min: 0.00%

SW’s Dividend Payout Ratio of 85.87% is within the typical range for the Containers & Packaging industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

ONON vs. SW: A comparison of their Dividend Payout Ratio (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Dividend at a Glance

Symbol	ONON	SW
Dividend Yield (TTM)	0.00%	3.50%
Dividend Payout Ratio (TTM)	0.00%	85.87%

Valuation

Price-to-Earnings Ratio (TTM)

ONON

56.39

Textiles, Apparel & Luxury Goods Industry

Max: 63.29
Q3: 34.64
Median: 18.01
Q1: 13.88
Min: 6.04

A P/E Ratio of 56.39 places ONON in the upper quartile for the Textiles, Apparel & Luxury Goods industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

SW

41.59

Containers & Packaging Industry

Max: 35.98
Q3: 27.87
Median: 16.15
Q1: 14.38
Min: 8.20

At 41.59, SW’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Containers & Packaging industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

ONON vs. SW: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Price-to-Sales Ratio (TTM)

ONON

4.65

Textiles, Apparel & Luxury Goods Industry

Max: 5.46
Q3: 3.13
Median: 1.72
Q1: 0.83
Min: 0.26

ONON’s P/S Ratio of 4.65 is in the upper echelon for the Textiles, Apparel & Luxury Goods industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

SW

0.49

Containers & Packaging Industry

Max: 2.91
Q3: 1.67
Median: 0.83
Q1: 0.64
Min: 0.30

In the lower quartile for the Containers & Packaging industry, SW’s P/S Ratio of 0.49 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

ONON vs. SW: A comparison of their Price-to-Sales Ratio (TTM) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Price-to-Book Ratio (MRQ)

ONON

7.87

Textiles, Apparel & Luxury Goods Industry

Max: 9.76
Q3: 6.00
Median: 3.26
Q1: 1.97
Min: 0.69

ONON’s P/B Ratio of 7.87 is in the upper tier for the Textiles, Apparel & Luxury Goods industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

SW

1.23

Containers & Packaging Industry

Max: 5.28
Q3: 3.30
Median: 2.35
Q1: 1.57
Min: 0.89

SW’s P/B Ratio of 1.23 is in the lower quartile for the Containers & Packaging industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

ONON vs. SW: A comparison of their Price-to-Book Ratio (MRQ) against their respective Textiles, Apparel & Luxury Goods and Containers & Packaging industry benchmarks.

Valuation at a Glance

Symbol	ONON	SW
Price-to-Earnings Ratio (TTM)	56.39	41.59
Price-to-Sales Ratio (TTM)	4.65	0.49
Price-to-Book Ratio (MRQ)	7.87	1.23
Price-to-Free Cash Flow Ratio (TTM)	26.43	42.07