On Holding AG (ONON) EBT Margin (2020 - 2026)
On Holding AG (ONON) recorded quarterly EBT Margin of 13.96% in Q1 2026, up 48.29% quarter-over-quarter from 9.41% in Q4 2025, and up 516.0% on a YoY basis from 2.27% in Q1 2025.
On Holding AG (ONON) EBT Margin (2020 - 2026) Analysis & Trends
On Holding AG's EBT Margin history runs 7 years deep, the most recent figure standing at 13.96% for Q1 2026.
- In Q1 2026, EBT Margin rose 516.0% year-over-year to 13.96%; the TTM figure through Mar 2026 stood at 8.4% (down 57.0% YoY), while the FY2025 annual figure was 6.81%, down 525.0% from the prior year.
- EBT Margin was 13.96% for Q1 2026 at On Holding AG, up from 9.41% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 22.79% in Q1 2024 to a low of 10.06% in Q4 2023.
- Historically, EBT Margin has averaged 7.94% across 5 years, with a median of 8.79% in 2025.
- The sharpest annual moves came in 2022 and 2023: EBT Margin surged 9330 bps in 2022, then sank 2146 bps in 2023.
- A 5-year view of EBT Margin shows it stood at 6.65% in 2022, then plunged by 51 bps to 10.06% in 2023, then jumped by 250 bps to 15.08% in 2024, then slumped by 38 bps to 9.41% in 2025, then jumped by 48 bps to 13.96% in 2026.
- The last three EBT Margin figures came in at 13.96% (Q1 2026), 9.41% (Q4 2025), and 14.93% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 105.38 Bn | 105.15 Bn | 390.51 Mn | 19.67% |
| 2 | Nike | 65.97 Bn | 57.92 Bn | 4.53 Bn | 5.76% |
| 3 | Deckers Outdoor | 16.23 Bn | 14.14 Bn | 1.17 Bn | 32.03% |
| 4 | Crocs | 6.43 Bn | 6.30 Bn | 522.95 Mn | 19.41% |
| 5 | Steven Madden | 3.20 Bn | 3.16 Bn | 357.42 Mn | 14.64% |
| 6 | Wolverine World Wide | 1.96 Bn | 1.77 Bn | 243.40 Mn | 7.79% |
| 7 | On Holding AG | 1.67 Bn | 273.66 Mn | 682.30 Mn | 13.96% |
| 8 | Forward Industries | 403.33 Mn | 377.95 Mn | 16.85 Mn | -2,719.65% |
| 9 | Designer Brands | 345.18 Mn | 294.31 Mn | 315.32 Mn | 1.26% |
| 10 | Weyco | 339.86 Mn | 242.42 Mn | 33.84 Mn | 14.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.96% |
| Dec 31, 2025 | 9.41% |
| Sep 30, 2025 | 14.93% |
| Jun 30, 2025 | -6.31% |
| Mar 31, 2025 | 8.79% |
| Dec 31, 2024 | 15.08% |
| Sep 30, 2024 | 4.66% |
| Jun 30, 2024 | 7.52% |
| Mar 31, 2024 | 22.79% |
| Dec 31, 2023 | -10.06% |
| Sep 30, 2023 | 14.42% |
| Jun 30, 2023 | -1.51% |
| Mar 31, 2023 | 12.26% |
| Dec 31, 2022 | -6.65% |
| Sep 30, 2022 | 7.53% |
| Jun 30, 2022 | 19.95% |
| Mar 31, 2022 | 8.23% |
| Dec 31, 2021 | -99.95% |
| Sep 30, 2021 | 8.34% |
| Jun 30, 2021 | 12.56% |