On Holding AG (ONON) Financial Statements
On Holding financial statements at a glance
On Holding reported revenue of 3.01 billion CHF for fiscal year 2025 (ended December 31, 2025), up 30.0% from fiscal year 2024. Net income was 203.70 million CHF, a net margin of 6.8%, and diluted earnings per share were 0.61 CHF.
At the end of fiscal year 2025 it had total assets of 2.84 billion CHF, total liabilities of 1.20 billion CHF and shareholders' equity of 1.63 billion CHF, with cash and short-term investments of 1.08 billion CHF and total debt of 521.50 million CHF.
Its operations brought in 359.50 million CHF of cash; capital spending was 78.60 million CHF, leaving free cash flow of 280.90 million CHF.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in CHF; latest fiscal year ended December 31, 2025.
On Holding AG
Income Statement
Annual • CHF
On Holding key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | 3.0B CHF | $2.3B | $1.8B | $1.2B | $724.6M |
| Gross profit | 1.9B CHF | $1.4B | $1.1B | $684.9M | $430.3M |
| Operating income | 377.0M CHF | $211.5M | $180.2M | $85.1M | -$141.1M |
| Net income | 203.7M CHF | $242.3M | $79.6M | $57.7M | -$170.2M |
| Diluted EPS | 0.61 CHF | $0.74 | $0.25 | $0.18 | -$0.59 |
| Total assets | 2.8B CHF | $2.4B | $1.6B | $1.4B | $1.2B |
| Total liabilities | 1.2B CHF | $984.9M | $518.5M | $412.8M | $388.0M |
| Shareholders' equity | 1.6B CHF | $1.4B | $1.1B | $969.6M | $848.5M |
| Cash and short-term investments | 1.1B CHF | $980.6M | $528.8M | $404.2M | $683.1M |
| Total debt | 521.5M CHF | $347.6M | $229.0M | $160.4M | $180.8M |
| Operating cash flow | 359.5M CHF | $510.6M | $232.1M | -$227.0M | $16.9M |
| Capital spending | 78.6M CHF | $65.0M | $47.2M | $83.0M | $36.2M |
| Free cash flow | 280.9M CHF | $445.6M | $184.9M | -$310.0M | -$19.3M |
In CHF. Fiscal years as reported by the company; statements on this page go back to fiscal year 2019.
Questions and answers
What was On Holding's revenue in fiscal year 2025?
3.01 billion CHF, up 30.0% from 2.32 billion CHF in fiscal year 2024.
How much profit does On Holding make?
On Holding reported net income of 203.70 million CHF for fiscal year 2025 (6.8% of revenue); operating income was 377.00 million CHF.
How much cash and debt does On Holding have?
At the end of fiscal year 2025: cash and short-term investments of 1.08 billion CHF and total debt of 521.50 million CHF.
What is On Holding's free cash flow?
280.90 million CHF in fiscal year 2025 (operating cash flow of 359.50 million CHF minus capital spending of 78.60 million CHF).
