On Holding AG (ONON) EBITDA Margin (2020 - 2026)
On Holding AG (ONON) recorded quarterly EBITDA Margin of 20.95% in Q1 2026, up 18.96% quarter-over-quarter from 17.61% in Q4 2025, and up 445.0% on a YoY basis from 3.84% in Q1 2025.
On Holding AG (ONON) EBITDA Margin (2020 - 2026) Analysis & Trends
On Holding AG's EBITDA Margin history runs 7 years deep, the most recent figure standing at 20.95% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 445.0% year-over-year to 20.95%; the TTM figure through Mar 2026 stood at 19.94% (up 296.0% YoY), while the FY2025 annual figure was 18.81%, up 209.0% from the prior year.
- EBITDA Margin was 20.95% for Q1 2026 at On Holding AG, up from 17.61% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 22.65% in Q3 2025 to a low of 6.66% in Q1 2022.
- Historically, EBITDA Margin has averaged 16.2% across 5 years, with a median of 16.5% in 2025.
- Biggest YoY gain for EBITDA Margin was 1099 bps in 2022; the steepest drop was 752 bps in 2022.
- A 5-year view of EBITDA Margin shows it stood at 16.85% in 2022, then retreated by 5 bps to 16.08% in 2023, then gained by 2 bps to 16.39% in 2024, then increased by 7 bps to 17.61% in 2025, then climbed by 19 bps to 20.95% in 2026.
- The last three EBITDA Margin figures came in at 20.95% (Q1 2026), 17.61% (Q4 2025), and 22.65% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 102.63 Bn | 102.39 Bn | 390.51 Mn | 19.59% |
| 2 | Nike | 65.09 Bn | 57.03 Bn | 4.53 Bn | 14.57% |
| 3 | Deckers Outdoor | 16.02 Bn | 13.93 Bn | 1.17 Bn | 24.73% |
| 4 | Crocs | 6.13 Bn | 6.00 Bn | 522.95 Mn | 21.80% |
| 5 | Steven Madden | 3.14 Bn | 3.10 Bn | 357.42 Mn | 15.20% |
| 6 | Wolverine World Wide | 1.98 Bn | 1.79 Bn | 243.40 Mn | 9.45% |
| 7 | On Holding AG | 1.66 Bn | 264.30 Mn | 682.30 Mn | 20.95% |
| 8 | Forward Industries | 381.04 Mn | 355.65 Mn | 16.85 Mn | -2,722.80% |
| 9 | Designer Brands | 349.93 Mn | 299.82 Mn | 315.32 Mn | 2.71% |
| 10 | Weyco | 343.83 Mn | 246.40 Mn | 33.84 Mn | -15.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.95% |
| Dec 31, 2025 | 17.61% |
| Sep 30, 2025 | 22.65% |
| Jun 30, 2025 | 18.17% |
| Mar 31, 2025 | 16.50% |
| Dec 31, 2024 | 16.39% |
| Sep 30, 2024 | 18.89% |
| Jun 30, 2024 | 15.99% |
| Mar 31, 2024 | 15.23% |
| Dec 31, 2023 | 16.08% |
| Sep 30, 2023 | 16.92% |
| Jun 30, 2023 | 14.11% |
| Mar 31, 2023 | 14.52% |
| Dec 31, 2022 | 16.85% |
| Sep 30, 2022 | 17.16% |
| Jun 30, 2022 | 10.77% |
| Mar 31, 2022 | 6.66% |
| Dec 31, 2021 | 5.86% |
| Sep 30, 2021 | 17.40% |
| Jun 30, 2021 | 15.65% |