On Holding AG (ONON) — Financial statements
Income statement, balance sheet, and cash flow for On Holding AG — annual and quarterly history with growth and margin analysis.
| Metric (CHF Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,878↑24.2% | 2,318↑29.4% | 1,792↑46.6% | 1,222↑68.7% | 725 | |
| Cost of Revenue | 1,070↑17.2% | 913↑25.9% | 725↑34.9% | 537↑82.5% | 294 | |
| Gross Profit | 1,809↑28.7% | 1,406↑31.7% | 1,067↑55.8% | 685↑59.2% | 430 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00↓100.0% | 9 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 461↑60.9% | 287↑23.0% | 233↓27.6% | 322 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 733↑28.9% | 569↑55.1% | 367↑47.0% | 250 | |
| SG&A Expenses | 1,448↑21.3% | 1,194↑39.6% | 855↑42.6% | 600↑5.0% | 571 | |
| Other Expenses | 0.00↑100.0% | -0.10↓100.4% | 23 | 0.00 | 0.00 | |
| Operating Expenses | 1,448↑21.3% | 1,194↑34.6% | 887↑47.9% | 600↑5.0% | 571 | |
| Total Costs & Expenses | 2,518↑19.5% | 2,107↑30.7% | 1,612↑41.8% | 1,137↑31.3% | 866 | |
| Operating Results | ||||||
| Operating Income | 360↑70.2% | 212↑17.4% | 180↑111.8% | 85↑160.3% | -141 | |
| Depreciation & Amortization | 122↑16.3% | 105↑294.7% | 27↓42.9% | 46↑47.8% | 31 | |
| EBITDA | 482↑20.5% | 400↑93.9% | 206↑60.4% | 129↑202.2% | -126 | |
| EBIT | 360↑21.9% | 295↑64.3% | 180↑118.7% | 82↑152.3% | -157 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1↑201.1% | 0.41↑116.6% | 0.19↑128.1% | -0.68↑80.9% | -4 | |
| Interest Income | 30↑21.8% | 24↑121.3% | 11↑98.4% | 6 | 0.00 | |
| Interest Expense | 28↑18.7% | 24↑121.4% | 11↑73.6% | 6↑75.0% | 4 | |
| Non-Operating Income | 0.00↑100.0% | -84↓21050.0% | 0.40↓86.2% | 3↓82.0% | 16 | |
| Other Income / Expenses | -164↓341.4% | 68↑161.2% | -111↓1443.1% | -7↑61.1% | -19 | |
| Income Before Tax | 196↓29.9% | 280↑304.6% | 69↓11.3% | 78↑148.8% | -160 | |
| Income Tax Expense | 1↓96.2% | 37↑456.2% | -11↓152.0% | 20↑90.6% | 11 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 195↓19.7% | 242↑204.3% | 80↑38.0% | 58↑133.9% | -170 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 195↓19.7% | 242↑204.4% | 80↑38.0% | 58↑133.9% | -170 | |
| Bottom-Line Net Income | 195↓19.7% | 242↑204.4% | 80↑38.0% | 58↑133.9% | -170 | |
| EPS (Basic) | 0.59↓16.9% | 0.71↑184.0% | 0.25↑38.9% | 0.18↑132.7% | -0.55 | |
| EPS (Diluted) | 0.58↓18.3% | 0.71↑184.0% | 0.25↑38.9% | 0.18↑132.7% | -0.55 | |
| Weighted Average Shares | 330↓2.8% | 339↑4.8% | 323↑2.1% | 317↑1.7% | 311 | |
| Weighted Average Diluted Shares | 334↓1.5% | 339↑4.8% | 323↑1.1% | 320↑2.7% | 311 | |
* All figures in Millions of CHF, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.