On Holding AG (ONON) Invested Capital (2020 - 2026)
On Holding AG (ONON) recorded quarterly Invested Capital of $66.7 million in Q1 2026, down 6.04% quarter-over-quarter from $70.9 million in Q4 2025, and up 12.65% on a YoY basis from $59.2 million in Q1 2025.
On Holding AG (ONON) Invested Capital (2020 - 2026) Analysis & Trends
On Holding AG's Invested Capital history runs 7 years deep, the most recent figure standing at $66.7 million for Q1 2026.
- In Q1 2026, Invested Capital rose 12.65% year-over-year to $66.7 million; the TTM figure through Mar 2026 stood at $270.8 million (down 10.73% YoY), while the FY2025 annual figure was $70.9 million, up 17.04% from the prior year.
- Invested Capital was $66.7 million for Q1 2026 at On Holding AG, down from $70.9 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $176.5 million in Q4 2022 to a low of $16.7 million in Q4 2023.
- Historically, Invested Capital has averaged $64.1 million across 5 years, with a median of $60.6 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Invested Capital sank 90.54% in 2023, then surged 263.29% in 2024.
- A 5-year view of Invested Capital shows it stood at $176.5 million in 2022, then tumbled by 90.54% to $16.7 million in 2023, then soared by 263.29% to $60.6 million in 2024, then climbed by 17.04% to $70.9 million in 2025, then dropped by 6.04% to $66.7 million in 2026.
- The last three Invested Capital figures came in at $66.7 million (Q1 2026), $70.9 million (Q4 2025), and $69.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 102.63 Bn | 102.39 Bn | 390.51 Mn | 3.41 Bn |
| 2 | Nike | 65.09 Bn | 57.03 Bn | 4.53 Bn | 14.09 Bn |
| 3 | Deckers Outdoor | 16.02 Bn | 13.93 Bn | 1.17 Bn | 2.61 Bn |
| 4 | Crocs | 6.13 Bn | 6.00 Bn | 522.95 Mn | 1.43 Bn |
| 5 | Steven Madden | 3.14 Bn | 3.10 Bn | 357.42 Mn | 1.21 Bn |
| 6 | Wolverine World Wide | 1.98 Bn | 1.79 Bn | 243.40 Mn | 1.03 Bn |
| 7 | On Holding AG | 1.66 Bn | 264.30 Mn | 682.30 Mn | 66.66 Mn |
| 8 | Forward Industries | 381.04 Mn | 355.65 Mn | 16.85 Mn | 884.36 Mn |
| 9 | Designer Brands | 349.93 Mn | 299.82 Mn | 315.32 Mn | 749.45 Mn |
| 10 | Weyco | 343.83 Mn | 246.40 Mn | 33.84 Mn | 239.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 66.66 Mn |
| Dec 31, 2025 | 70.94 Mn |
| Sep 30, 2025 | 69.38 Mn |
| Jun 30, 2025 | 63.78 Mn |
| Mar 31, 2025 | 59.17 Mn |
| Dec 31, 2024 | 60.61 Mn |
| Sep 30, 2024 | 99.03 Mn |
| Jun 30, 2024 | 84.48 Mn |
| Mar 31, 2024 | 84.55 Mn |
| Dec 31, 2023 | 16.68 Mn |
| Sep 30, 2023 | 54.12 Mn |
| Jun 30, 2023 | 37.48 Mn |
| Mar 31, 2023 | 38.27 Mn |
| Dec 31, 2022 | 176.46 Mn |
| Sep 30, 2022 | 21.05 Mn |
| Jun 30, 2022 | 27.33 Mn |
| Mar 31, 2022 | 60.34 Mn |
| Dec 31, 2021 | 203.13 Mn |
| Sep 30, 2021 | 21.55 Mn |
| Dec 31, 2020 | 8.05 Mn |