On Holding AG (ONON) Cost of Revenue (2020 - 2026)
On Holding AG (ONON) recorded quarterly Cost of Revenue of $380.0 million in Q1 2026, up 13.13% quarter-over-quarter from $335.9 million in Q4 2025, and up 17.3% on a YoY basis from $324.0 million in Q1 2025.
On Holding AG (ONON) Cost of Revenue (2020 - 2026) Analysis & Trends
On Holding AG's Cost of Revenue history runs 7 years deep, the most recent figure standing at $380.0 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 17.3% year-over-year to $380.0 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 24.63% YoY), while the FY2025 annual figure was $1.4 billion, up 34.55% from the prior year.
- Cost of Revenue was $380.0 million for Q1 2026 at On Holding AG, up from $335.9 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $380.0 million in Q1 2026 to a low of $123.0 million in Q1 2022.
- Historically, Cost of Revenue has averaged $243.3 million across 5 years, with a median of $234.8 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue jumped 86.72% in 2022, then grew 17.3% in 2026.
- A 5-year view of Cost of Revenue shows it stood at $158.0 million in 2022, then increased by 26.23% to $199.4 million in 2023, then jumped by 31.54% to $262.3 million in 2024, then advanced by 28.06% to $335.9 million in 2025, then gained by 13.13% to $380.0 million in 2026.
- The last three Cost of Revenue figures came in at $380.0 million (Q1 2026), $335.9 million (Q4 2025), and $340.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 102.63 Bn | 102.39 Bn | 390.51 Mn | 333.40 Mn |
| 2 | Nike | 65.09 Bn | 57.03 Bn | 4.53 Bn | 6.75 Bn |
| 3 | Deckers Outdoor | 16.02 Bn | 13.93 Bn | 1.17 Bn | 786.19 Mn |
| 4 | Crocs | 6.13 Bn | 6.00 Bn | 522.95 Mn | 398.51 Mn |
| 5 | Steven Madden | 3.14 Bn | 3.10 Bn | 357.42 Mn | 295.68 Mn |
| 6 | Wolverine World Wide | 1.98 Bn | 1.79 Bn | 243.40 Mn | 274.10 Mn |
| 7 | On Holding AG | 1.66 Bn | 264.30 Mn | 682.30 Mn | 380.04 Mn |
| 8 | Forward Industries | 381.04 Mn | 355.65 Mn | 16.85 Mn | 535,363.00 |
| 9 | Designer Brands | 349.93 Mn | 299.82 Mn | 315.32 Mn | 342.39 Mn |
| 10 | Weyco | 343.83 Mn | 246.40 Mn | 33.84 Mn | 42.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 380.04 Mn |
| Mar 31, 2026 | 380.04 Mn |
| Dec 31, 2025 | 335.94 Mn |
| Dec 31, 2025 | 335.94 Mn |
| Sep 30, 2025 | 340.15 Mn |
| Sep 30, 2025 | 340.15 Mn |
| Jun 30, 2025 | 348.36 Mn |
| Jun 30, 2025 | 348.36 Mn |
| Mar 31, 2025 | 324.00 Mn |
| Mar 31, 2025 | 324.00 Mn |
| Dec 31, 2024 | 262.32 Mn |
| Dec 31, 2024 | 262.32 Mn |
| Sep 30, 2024 | 289.13 Mn |
| Sep 30, 2024 | 289.13 Mn |
| Jun 30, 2024 | 251.46 Mn |
| Jun 30, 2024 | 251.46 Mn |
| Mar 31, 2024 | 234.75 Mn |
| Mar 31, 2024 | 234.75 Mn |
| Dec 31, 2023 | 199.43 Mn |
| Dec 31, 2023 | 199.43 Mn |