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

Updated on August 25, 2025

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

Company Profile

ONON is a standard domestic listing, while VIPS trades as an American Depositary Receipt (ADR), offering U.S. investors access to its foreign-listed shares.

Symbol	ONON	VIPS
Company Name	On Holding AG	Vipshop Holdings Limited
Country	Switzerland	China
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry	Textiles, Apparel & Luxury Goods	Broadline Retail
Market Capitalization	15.20 billion USD	8.51 billion USD
Exchange	NYSE	NYSE
Listing Date	September 15, 2021	March 23, 2012
Security Type	Common Stock	ADR

Historical Performance

This chart compares the performance of ONON and VIPS 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. VIPS: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	ONON	VIPS
5-Day Price Return	2.96%	2.62%
13-Week Price Return	-21.27%	19.53%
26-Week Price Return	-12.74%	17.18%
52-Week Price Return	7.13%	35.91%
Month-to-Date Return	-4.14%	14.38%
Year-to-Date Return	-14.99%	28.14%
10-Day Avg. Volume	10.13M	2.88M
3-Month Avg. Volume	5.67M	3.20M
3-Month Volatility	40.40%	27.56%
Beta	2.26	0.71

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.

VIPS

18.88%

Broadline Retail Industry

Max: 49.17%
Q3: 28.98%
Median: 19.22%
Q1: 10.86%
Min: -11.14%

VIPS’s Return on Equity of 18.88% is on par with the norm for the Broadline Retail industry, indicating its profitability relative to shareholder equity is typical for the sector.

ONON vs. VIPS: A comparison of their Return on Equity (TTM) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail 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.

VIPS

6.88%

Broadline Retail Industry

Max: 19.78%
Q3: 11.90%
Median: 8.63%
Q1: 5.21%
Min: 0.82%

VIPS’s Net Profit Margin of 6.88% is aligned with the median group of its peers in the Broadline Retail industry. This indicates its ability to convert revenue into profit is typical for the sector.

ONON vs. VIPS: A comparison of their Net Profit Margin (TTM) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail 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.

VIPS

8.06%

Broadline Retail Industry

Max: 27.23%
Q3: 15.96%
Median: 11.13%
Q1: 8.31%
Min: 1.77%

VIPS’s Operating Profit Margin of 8.06% is in the lower quartile for the Broadline Retail industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

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

Profitability at a Glance

Symbol	ONON	VIPS
Return on Equity (TTM)	15.64%	18.88%
Return on Assets (TTM)	9.34%	10.28%
Net Profit Margin (TTM)	8.24%	6.88%
Operating Profit Margin (TTM)	9.86%	8.06%
Gross Profit Margin (TTM)	60.62%	23.36%

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.

VIPS

1.28

Broadline Retail Industry

Max: 3.54
Q3: 2.42
Median: 1.49
Q1: 1.22
Min: 0.67

VIPS’s Current Ratio of 1.28 aligns with the median group of the Broadline Retail industry, indicating that its short-term liquidity is in line with its sector peers.

ONON vs. VIPS: A comparison of their Current Ratio (MRQ) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail 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.

VIPS

0.11

Broadline Retail Industry

Max: 2.14
Q3: 1.34
Median: 0.63
Q1: 0.27
Min: 0.00

Falling into the lower quartile for the Broadline Retail industry, VIPS’s Debt-to-Equity Ratio of 0.11 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

ONON vs. VIPS: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail 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.

VIPS

150.47

Broadline Retail Industry

Max: 37.34
Q3: 20.63
Median: 11.28
Q1: 4.22
Min: -19.29

With an Interest Coverage Ratio of 150.47, VIPS demonstrates a superior capacity to service its debt, placing it well above the typical range for the Broadline Retail industry. This stems from either robust earnings or a conservative debt load.

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

Financial Strength at a Glance

Symbol	ONON	VIPS
Current Ratio (MRQ)	2.80	1.28
Quick Ratio (MRQ)	2.18	1.14
Debt-to-Equity Ratio (MRQ)	0.23	0.11
Interest Coverage Ratio (TTM)	1.62	150.47

Growth

Revenue Growth

ONON vs. VIPS: 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. VIPS: 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.

VIPS

0.00%

Broadline Retail Industry

Max: 5.46%
Q3: 2.38%
Median: 0.43%
Q1: 0.00%
Min: 0.00%

VIPS 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.

ONON vs. VIPS: A comparison of their Dividend Yield (TTM) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail 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.

VIPS

0.00%

Broadline Retail Industry

Max: 131.17%
Q3: 63.48%
Median: 29.43%
Q1: 0.00%
Min: 0.00%

VIPS 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.

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

Dividend at a Glance

Symbol	ONON	VIPS
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

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.

VIPS

7.97

Broadline Retail Industry

Max: 66.12
Q3: 35.17
Median: 16.29
Q1: 10.47
Min: 5.94

In the lower quartile for the Broadline Retail industry, VIPS’s P/E Ratio of 7.97 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

ONON vs. VIPS: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail 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.

VIPS

0.55

Broadline Retail Industry

Max: 5.40
Q3: 3.33
Median: 2.04
Q1: 0.80
Min: 0.16

In the lower quartile for the Broadline Retail industry, VIPS’s P/S Ratio of 0.55 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. VIPS: A comparison of their Price-to-Sales Ratio (TTM) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail 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.

VIPS

1.43

Broadline Retail Industry

Max: 9.06
Q3: 5.22
Median: 3.48
Q1: 1.90
Min: 0.74

VIPS’s P/B Ratio of 1.43 is in the lower quartile for the Broadline Retail 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. VIPS: A comparison of their Price-to-Book Ratio (MRQ) against their respective Textiles, Apparel & Luxury Goods and Broadline Retail industry benchmarks.

Valuation at a Glance

Symbol	ONON	VIPS
Price-to-Earnings Ratio (TTM)	56.39	7.97
Price-to-Sales Ratio (TTM)	4.65	0.55
Price-to-Book Ratio (MRQ)	7.87	1.43
Price-to-Free Cash Flow Ratio (TTM)	26.43	--