On Holding AG (ONON) balance sheet

NYSE · Consumer Cyclical · Apparel - Footwear & Accessories · 3,963 employees · CEO David Allemann

Price: $34.86 -7.5%
Market cap: $11.4B
Enterprise value: CHF 8.87B Data as of 2026-11-11
Last report: Q3 '26 filed 2026-11-10
Next report: 2027-03-02

At the end of Q3 '26 On Holding AG (ONON) held CHF 1.34B in cash and short-term investments against CHF 733M of debt incl. leases. Total assets CHF 3.66B, total liabilities CHF 1.49B, shareholders' equity CHF 2.18B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CHF 495M	CHF 585M	CHF 652M	CHF 749M	CHF 924M	CHF 872M	CHF 847M	CHF 962M	CHF 1.02B	CHF 1.02B	CHF 1.21B	CHF 1.34B
Short-term investments	CHF 17.8M	CHF 0	CHF 19.5M	CHF 37.3M	CHF 43.7M	CHF 41.9M	CHF 51.9M	CHF 63.1M	CHF 0	CHF 0	CHF 33.8M	CHF 0
Receivables	CHF 205M	CHF 290M	CHF 314M	CHF 321M	CHF 246M	CHF 363M	CHF 395M	CHF 341M	CHF 306M	CHF 401M	CHF 374M	CHF 433M
Inventory	CHF 357M	CHF 365M	CHF 401M	CHF 349M	CHF 419M	CHF 399M	CHF 360M	CHF 381M	CHF 420M	CHF 405M	CHF 473M	CHF 496M
Other current assets	CHF 50.6M	CHF 120M	CHF 84.9M	CHF 99M	CHF 84.4M	CHF 125M	CHF 37.4M	CHF 165M	CHF 218M	CHF 224M	CHF 155M	CHF 264M
Current assets	CHF 1.15B	CHF 1.36B	CHF 1.5B	CHF 1.55B	CHF 1.76B	CHF 1.8B	CHF 1.73B	CHF 1.91B	CHF 1.96B	CHF 2.05B	CHF 2.29B	CHF 2.53B
Property, plant & equipment (net)	CHF 308M	CHF 409M	CHF 431M	CHF 431M	CHF 451M	CHF 441M	CHF 604M	CHF 615M	CHF 644M	CHF 670M	CHF 706M	CHF 898M
Goodwill	CHF 1.8M	CHF 0	CHF 1.8M	CHF 0	CHF 1.8M	CHF 0	CHF 1.8M	CHF 0	CHF 0	CHF 53.9M	CHF 1.8M	CHF 0
Intangible assets	CHF 62.8M	CHF 63.1M	CHF 59.9M	CHF 60.3M	CHF 56.5M	CHF 56.4M	CHF 53.5M	CHF 54.6M	CHF 54.3M	CHF 0	CHF 54M	CHF 65.9M
Deferred tax assets	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 153M	CHF 0	CHF 176M	CHF 184M	CHF 0	CHF 166M
Other non-current assets	CHF 69.4M	CHF 54.4M	CHF 51.8M	CHF 59.2M	CHF 108M	CHF 121M	-CHF 100K	CHF 170M	CHF 0	CHF 0	CHF 188M	CHF 0
Non-current assets	CHF 442M	CHF 527M	CHF 544M	CHF 550M	CHF 617M	CHF 619M	CHF 812M	CHF 840M	CHF 874M	CHF 908M	CHF 950M	CHF 1.13B
Total assets	CHF 1.59B	CHF 1.89B	CHF 2.05B	CHF 2.11B	CHF 2.38B	CHF 2.42B	CHF 2.54B	CHF 2.75B	CHF 2.84B	CHF 2.95B	CHF 3.24B	CHF 3.66B
Liabilities
Accounts payable	CHF 65.1M	CHF 92.5M	CHF 148M	CHF 129M	CHF 167M	CHF 162M	CHF 161M	CHF 156M	CHF 155M	CHF 157M	CHF 211M	CHF 188M
Accrued expenses	CHF 139M	CHF 0	CHF 239M	CHF 0	CHF 282M	CHF 0	CHF 193M	CHF 0	CHF 0	CHF 0	CHF 348M	CHF 0
Short-term debt	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 138M	CHF 137M	CHF 0	CHF 0
Taxes payable	CHF 23.5M	CHF 19.1M	CHF 12.9M	CHF 10.2M	CHF 105M	CHF 53.8M	CHF 112M	CHF 0	CHF 0	CHF 0	CHF 0	CHF 68.6M
Other current liabilities	CHF 62.9M	CHF 317M	CHF 62.3M	CHF 406M	CHF 152M	CHF 424M	CHF 94.3M	CHF 517M	CHF 369M	CHF 337M	CHF 163M	CHF 506M
Current liabilities	CHF 306M	CHF 409M	CHF 504M	CHF 535M	CHF 660M	CHF 643M	CHF 686M	CHF 749M	CHF 725M	CHF 687M	CHF 810M	CHF 813M
Long-term debt	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 2.8M	CHF 5.78M	CHF 0	CHF 0
Lease obligations (non-current)	CHF 190M	CHF 273M	CHF 284M	CHF 282M	CHF 289M	CHF 281M	CHF 427M	CHF 428M	CHF 441M	CHF 456M	CHF 475M	CHF 613M
Deferred tax liabilities	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 8.8M	CHF 0	CHF 9.31M	CHF 8.77M	CHF 0	CHF 13.9M
Other non-current liabilities	CHF 22.6M	CHF 22.1M	CHF 26.3M	CHF 22.9M	CHF 36M	CHF 37.3M	CHF 25M	CHF 33.9M	CHF 26.2M	CHF 31.5M	CHF 46.9M	CHF 44.7M
Non-current liabilities	CHF 213M	CHF 295M	CHF 311M	CHF 305M	CHF 325M	CHF 318M	CHF 461M	CHF 462M	CHF 479M	CHF 502M	CHF 522M	CHF 672M
Total liabilities	CHF 519M	CHF 704M	CHF 815M	CHF 840M	CHF 985M	CHF 961M	CHF 1.15B	CHF 1.21B	CHF 1.2B	CHF 1.19B	CHF 1.33B	CHF 1.49B
Equity
Common stock & paid-in capital	CHF 33.5M	CHF 33.5M	CHF 33.5M	CHF 33.7M	CHF 33.7M	CHF 33.7M	CHF 33.7M	CHF 34M	CHF 34.1M	CHF 34M	CHF 34.1M	CHF 34.1M
Retained earnings	-CHF 21M	CHF 28M	CHF 107M	CHF 89.4M	CHF 233M	CHF 236M	CHF 195M	CHF 314M	CHF 383M	CHF 484M	CHF 658M	CHF 754M
Accumulated other comprehensive income	CHF 332M	CHF 1.15B	CHF 360M	CHF 1.17B	CHF 395M	CHF 1.21B	CHF 1.2B	CHF 1.22B	CHF 1.29B	CHF 516M	CHF 485M	CHF 69.3M
Shareholders' equity	CHF 1.07B	CHF 1.18B	CHF 1.23B	CHF 1.27B	CHF 1.39B	CHF 1.46B	CHF 1.4B	CHF 1.54B	CHF 1.63B	CHF 1.77B	CHF 1.91B	CHF 2.18B
Debt
Total debt (incl. leases)	CHF 229M	CHF 273M	CHF 340M	CHF 282M	CHF 348M	CHF 338M	CHF 498M	CHF 504M	CHF 582M	CHF 598M	CHF 563M	CHF 733M
Net debt (debt - cash)	-CHF 266M	-CHF 312M	-CHF 313M	-CHF 467M	-CHF 577M	-CHF 534M	-CHF 349M	-CHF 458M	-CHF 439M	-CHF 419M	-CHF 643M	-CHF 606M

Balance sheet	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CHF 11.9M	CHF 90.6M	CHF 653M	CHF 371M	CHF 495M	CHF 924M	CHF 1.02B
Short-term investments	CHF 5.94M	CHF 9.86M	CHF 23.7M	CHF 26.3M	CHF 17.8M	CHF 43.7M	CHF 0
Receivables	CHF 41.4M	CHF 51.6M	CHF 99.3M	CHF 175M	CHF 205M	CHF 246M	CHF 306M
Inventory	CHF 44.5M	CHF 103M	CHF 134M	CHF 396M	CHF 357M	CHF 419M	CHF 420M
Other current assets	CHF 16.3M	CHF 22M	CHF 37.8M	CHF 63M	CHF 50.6M	CHF 84.4M	CHF 218M
Current assets	CHF 120M	CHF 282M	CHF 965M	CHF 1.05B	CHF 1.15B	CHF 1.76B	CHF 1.96B
Property, plant & equipment (net)	CHF 15.7M	CHF 39.7M	CHF 212M	CHF 229M	CHF 308M	CHF 451M	CHF 644M
Goodwill	CHF 1.79M	CHF 1.79M	CHF 1.79M	CHF 1.8M	CHF 1.8M	CHF 1.8M	CHF 0
Intangible assets	CHF 4.12M	CHF 52.9M	CHF 55.7M	CHF 68.5M	CHF 62.8M	CHF 56.5M	CHF 54.3M
Deferred tax assets	CHF 0	CHF 5.92M	CHF 0	CHF 0	CHF 0	CHF 0	CHF 176M
Other non-current assets	CHF 1.85M	CHF 0	CHF 2.11M	CHF 31.8M	CHF 69.6M	CHF 108M	CHF 0
Non-current assets	CHF 23.5M	CHF 100M	CHF 272M	CHF 331M	CHF 442M	CHF 617M	CHF 874M
Total assets	CHF 144M	CHF 383M	CHF 1.24B	CHF 1.38B	CHF 1.59B	CHF 2.38B	CHF 2.84B
Liabilities
Accounts payable	CHF 16.4M	CHF 41.5M	CHF 45.9M	CHF 111M	CHF 65.1M	CHF 167M	CHF 155M
Accrued expenses	CHF 22.6M	CHF 33.9M	CHF 130M	CHF 70.1M	CHF 139M	CHF 282M	CHF 0
Short-term debt	CHF 14.8M	CHF 246K	CHF 0	CHF 0	CHF 0	CHF 0	CHF 138M
Taxes payable	CHF 4.76M	CHF 7.17M	CHF 2.4M	CHF 13.9M	CHF 23.5M	CHF 105M	CHF 0
Other current liabilities	CHF 9.39M	CHF 6.39M	CHF 15.9M	CHF 40M	CHF 62.9M	CHF 152M	CHF 369M
Current liabilities	CHF 65.3M	CHF 86.4M	CHF 205M	CHF 243M	CHF 306M	CHF 660M	CHF 725M
Long-term debt	CHF 200K	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 2.8M
Lease obligations (non-current)	CHF 3.11M	CHF 19.2M	CHF 167M	CHF 139M	CHF 190M	CHF 289M	CHF 441M
Deferred tax liabilities	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 9.31M
Other non-current liabilities	CHF 10.6M	CHF 31.9M	CHF 15.9M	CHF 31.4M	CHF 22.6M	CHF 36M	CHF 26.2M
Non-current liabilities	CHF 13.9M	CHF 51.1M	CHF 183M	CHF 170M	CHF 213M	CHF 325M	CHF 479M
Total liabilities	CHF 79.2M	CHF 137M	CHF 388M	CHF 413M	CHF 519M	CHF 985M	CHF 1.2B
Equity
Common stock & paid-in capital	CHF 1.87M	CHF 2.17M	CHF 33.5M	CHF 33.5M	CHF 33.5M	CHF 33.7M	CHF 34.1M
Retained earnings	-CHF 191K	-CHF 27.7M	-CHF 190M	-CHF 109M	-CHF 21M	CHF 233M	CHF 383M
Accumulated other comprehensive income	CHF 20.5M	CHF 95.4M	CHF 273M	CHF 314M	CHF 332M	CHF 395M	CHF 1.29B
Shareholders' equity	CHF 64.4M	CHF 245M	CHF 848M	CHF 970M	CHF 1.07B	CHF 1.39B	CHF 1.63B
Debt
Total debt (incl. leases)	CHF 20.2M	CHF 23.7M	CHF 181M	CHF 160M	CHF 229M	CHF 348M	CHF 582M
Net debt (debt - cash)	CHF 8.27M	-CHF 66.9M	-CHF 472M	-CHF 211M	-CHF 266M	-CHF 577M	-CHF 439M

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CHF.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-11 · Amounts in CHF as reported; price and market cap in USD.