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

Updated on November 19, 2025

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

Company Profile

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

Symbol	ONON	XPEV
Company Name	On Holding AG	XPeng Inc.
Country	Switzerland	China
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry	Textiles, Apparel & Luxury Goods	Automobiles
Market Capitalization	13.91 billion USD	22.52 billion USD
Exchange	NYSE	NYSE
Listing Date	September 15, 2021	August 27, 2020
Security Type	Common Stock	ADR

Historical Performance

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

Historical Performance at a Glance

Symbol	ONON	XPEV
5-Day Price Return	21.28%	-3.96%
13-Week Price Return	-6.48%	26.95%
26-Week Price Return	-26.11%	20.41%
52-Week Price Return	-19.56%	87.34%
Month-to-Date Return	14.13%	6.47%
Year-to-Date Return	-22.59%	111.59%
10-Day Avg. Volume	14.23M	25.20M
3-Month Avg. Volume	6.88M	9.70M
3-Month Volatility	49.45%	65.50%
Beta	2.16	1.08

Profitability

Return on Equity (TTM)

ONON

9.86%

Textiles, Apparel & Luxury Goods Industry

Max: 46.95%
Q3: 26.41%
Median: 17.82%
Q1: 9.41%
Min: -8.23%

ONON’s Return on Equity of 9.86% 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.

XPEV

-13.77%

Automobiles Industry

Max: 28.52%
Q3: 12.92%
Median: 5.04%
Q1: -1.15%
Min: -15.36%

XPEV has a negative Return on Equity of -13.77%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

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

Net Profit Margin (TTM)

ONON

7.77%

Textiles, Apparel & Luxury Goods Industry

Max: 21.16%
Q3: 13.26%
Median: 7.68%
Q1: 4.48%
Min: -3.05%

ONON’s Net Profit Margin of 7.77% 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.

XPEV

-10.15%

Automobiles Industry

Max: 10.74%
Q3: 5.64%
Median: 2.77%
Q1: -0.52%
Min: -6.61%

XPEV has a negative Net Profit Margin of -10.15%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

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

Operating Profit Margin (TTM)

ONON

12.08%

Textiles, Apparel & Luxury Goods Industry

Max: 28.42%
Q3: 20.87%
Median: 12.08%
Q1: 6.65%
Min: -0.12%

ONON’s Operating Profit Margin of 12.08% 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.

XPEV

-12.08%

Automobiles Industry

Max: 13.07%
Q3: 7.22%
Median: 4.62%
Q1: -0.45%
Min: -6.16%

XPEV has a negative Operating Profit Margin of -12.08%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

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

Profitability at a Glance

Symbol	ONON	XPEV
Return on Equity (TTM)	9.86%	-13.77%
Return on Assets (TTM)	5.75%	-5.03%
Net Profit Margin (TTM)	7.77%	-10.15%
Operating Profit Margin (TTM)	12.08%	-12.08%
Gross Profit Margin (TTM)	62.40%	16.38%

Financial Strength

Current Ratio (MRQ)

ONON

2.53

Textiles, Apparel & Luxury Goods Industry

Max: 3.07
Q3: 2.20
Median: 1.62
Q1: 1.47
Min: 0.70

ONON’s Current Ratio of 2.53 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.

XPEV

1.14

Automobiles Industry

Max: 2.13
Q3: 1.58
Median: 1.28
Q1: 1.09
Min: 0.47

XPEV’s Current Ratio of 1.14 aligns with the median group of the Automobiles industry, indicating that its short-term liquidity is in line with its sector peers.

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

Debt-to-Equity Ratio (MRQ)

ONON

0.36

Textiles, Apparel & Luxury Goods Industry

Max: 2.53
Q3: 1.30
Median: 0.59
Q1: 0.27
Min: 0.00

ONON’s Debt-to-Equity Ratio of 0.36 is typical for the Textiles, Apparel & Luxury Goods industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

XPEV

0.89

Automobiles Industry

Max: 2.00
Q3: 1.15
Median: 0.60
Q1: 0.28
Min: 0.05

XPEV’s Debt-to-Equity Ratio of 0.89 is typical for the Automobiles industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

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

Interest Coverage Ratio (TTM)

ONON

1.62

Textiles, Apparel & Luxury Goods Industry

Max: 85.38
Q3: 37.37
Median: 8.62
Q1: 4.18
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.

XPEV

-19.31

Automobiles Industry

Max: 77.87
Q3: 35.88
Median: 13.88
Q1: 3.52
Min: -19.31

XPEV has a negative Interest Coverage Ratio of -19.31. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

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

Financial Strength at a Glance

Symbol	ONON	XPEV
Current Ratio (MRQ)	2.53	1.14
Quick Ratio (MRQ)	1.94	1.00
Debt-to-Equity Ratio (MRQ)	0.36	0.89
Interest Coverage Ratio (TTM)	1.62	-19.31

Growth

Revenue Growth

ONON vs. XPEV: 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. XPEV: 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: 4.60%
Q3: 3.43%
Median: 2.28%
Q1: 1.12%
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.

XPEV

0.00%

Automobiles Industry

Max: 10.18%
Q3: 4.88%
Median: 2.84%
Q1: 0.00%
Min: 0.00%

XPEV 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. XPEV: A comparison of their Dividend Yield (TTM) against their respective Textiles, Apparel & Luxury Goods and Automobiles industry benchmarks.

Dividend Payout Ratio (TTM)

ONON

0.00%

Textiles, Apparel & Luxury Goods Industry

Max: 156.63%
Q3: 96.75%
Median: 57.64%
Q1: 34.78%
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.

XPEV

0.00%

Automobiles Industry

Max: 114.43%
Q3: 60.59%
Median: 39.48%
Q1: 20.22%
Min: 0.00%

XPEV 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. XPEV: A comparison of their Dividend Payout Ratio (TTM) against their respective Textiles, Apparel & Luxury Goods and Automobiles industry benchmarks.

Dividend at a Glance

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

Valuation

Price-to-Earnings Ratio (TTM)

ONON

48.05

Textiles, Apparel & Luxury Goods Industry

Max: 76.57
Q3: 39.44
Median: 22.87
Q1: 14.62
Min: 7.99

A P/E Ratio of 48.05 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.

XPEV

Automobiles Industry

Max: 31.96
Q3: 22.07
Median: 11.17
Q1: 8.41
Min: 5.02

P/E Ratio data for XPEV is currently unavailable.

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

Price-to-Sales Ratio (TTM)

ONON

3.73

Textiles, Apparel & Luxury Goods Industry

Max: 5.07
Q3: 2.88
Median: 1.80
Q1: 0.93
Min: 0.28

ONON’s P/S Ratio of 3.73 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.

XPEV

3.17

Automobiles Industry

Max: 1.29
Q3: 0.84
Median: 0.51
Q1: 0.27
Min: 0.08

With a P/S Ratio of 3.17, XPEV trades at a valuation that eclipses even the highest in the Automobiles industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

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

Price-to-Book Ratio (MRQ)

ONON

9.66

Textiles, Apparel & Luxury Goods Industry

Max: 11.14
Q3: 5.70
Median: 3.35
Q1: 2.02
Min: 0.56

ONON’s P/B Ratio of 9.66 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.

XPEV

3.99

Automobiles Industry

Max: 3.99
Q3: 1.96
Median: 0.87
Q1: 0.46
Min: 0.18

XPEV’s P/B Ratio of 3.99 is in the upper tier for the Automobiles 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.

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

Valuation at a Glance

Symbol	ONON	XPEV
Price-to-Earnings Ratio (TTM)	48.05	--
Price-to-Sales Ratio (TTM)	3.73	3.17
Price-to-Book Ratio (MRQ)	9.66	3.99
Price-to-Free Cash Flow Ratio (TTM)	29.07	15.52