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
DateValue
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