On Holding AG (ONON) cash flow statement
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
In Q3 '26 On Holding AG (ONON) generated CHF 158M of operating cash flow, invested CHF 26.6M in capital expenditure and kept CHF 121M of free cash flow. Over the last four quarters free cash flow was CHF 408M.
Cash flow
| Cash flow | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | |||||||||||||
| Net income | -CHF 26.7M | CHF 91.4M | CHF 30.8M | CHF 30.5M | CHF 89.6M | CHF 56.7M | -CHF 40.9M | CHF 119M | CHF 68.6M | CHF 106M | CHF 105M | CHF 163M | |
| Depreciation & amortization | CHF 20.4M | CHF 22.1M | CHF 26.4M | CHF 27.4M | CHF 28.7M | CHF 28.3M | CHF 32.4M | CHF 32.2M | CHF 34.5M | CHF 36.4M | CHF 36.5M | CHF 44.6M | |
| Stock-based compensation | CHF 12.5M | CHF 9.8M | CHF 13.1M | CHF 19.5M | CHF 15.1M | CHF 11.6M | CHF 13.6M | CHF 24.5M | CHF 0 | CHF 0 | CHF 12.2M | CHF 19.5M | |
| Deferred income tax | -CHF 18.2M | CHF 24.4M | CHF 11.9M | -CHF 900K | CHF 2M | CHF 7.2M | -CHF 6.4M | -CHF 200K | -CHF 73.9M | CHF 0 | CHF 0 | CHF 48.9M | |
| Change in working capital | CHF 54.5M | CHF 9.1M | CHF 16.1M | CHF 50.5M | CHF 66.1M | -CHF 124M | -CHF 9.6M | -CHF 13.1M | -CHF 29.1M | -CHF 122M | CHF 5.4M | -CHF 83.8M | |
| Other non-cash items | CHF 78.9M | -CHF 75.8M | CHF 4.2M | CHF 31.3M | -CHF 32.7M | CHF 7.9M | CHF 112M | -CHF 4.9M | CHF 107M | CHF 3.68M | CHF 66.8M | -CHF 33.6M | |
| Operating cash flow | CHF 121M | CHF 81M | CHF 103M | CHF 158M | CHF 169M | -CHF 12.1M | CHF 101M | CHF 157M | CHF 107M | CHF 23.6M | CHF 226M | CHF 158M | |
| Investing | |||||||||||||
| Capital expenditure | -CHF 16.3M | -CHF 8M | -CHF 15.7M | -CHF 17.8M | -CHF 19M | -CHF 11.3M | -CHF 16M | -CHF 18.9M | -CHF 28.4M | -CHF 19.1M | -CHF 25.2M | -CHF 26.6M | |
| Other investing | -CHF 1.7M | -CHF 1.1M | -CHF 1.2M | -CHF 1.4M | -CHF 700K | -CHF 800K | -CHF 1.3M | -CHF 1.7M | CHF 0 | CHF 0 | -CHF 3.3M | -CHF 10.8M | |
| Investing cash flow | -CHF 18M | -CHF 9.1M | -CHF 16.9M | -CHF 19.2M | -CHF 19.7M | -CHF 12.1M | -CHF 17.3M | -CHF 20.6M | -CHF 28.4M | -CHF 19.1M | -CHF 28.5M | -CHF 37.4M | |
| Financing | |||||||||||||
| Net debt issued / repaid | -CHF 9.3M | -CHF 11.7M | -CHF 12M | -CHF 13.7M | -CHF 13.9M | -CHF 14M | -CHF 20.7M | -CHF 16.6M | CHF 0 | CHF 0 | -CHF 20.1M | -CHF 25.5M | |
| Other financing (incl. tax on vested shares) | CHF 1.1M | -CHF 1.4M | -CHF 700K | -CHF 300K | -CHF 1.7M | CHF 2M | -CHF 4.3M | -CHF 4.7M | -CHF 18.5M | -CHF 16.1M | -CHF 2.3M | -CHF 7.7M | |
| Financing cash flow | -CHF 8.2M | -CHF 13.1M | -CHF 12.7M | -CHF 14M | -CHF 15.6M | -CHF 12M | -CHF 25M | -CHF 21.3M | -CHF 14.2M | -CHF 15.2M | -CHF 22.4M | -CHF 32.2M | |
| Summary | |||||||||||||
| FX effect on cash | -CHF 32.6M | CHF 31.1M | -CHF 4.9M | -CHF 28.6M | CHF 41.8M | -CHF 16.1M | -CHF 84.2M | -CHF 200K | -CHF 1.7M | -CHF 3.17M | CHF 10.3M | CHF 44.6M | |
| Net change in cash | CHF 62.6M | CHF 90M | CHF 67.8M | CHF 96.6M | CHF 175M | -CHF 52.5M | -CHF 25.2M | CHF 115M | CHF 62.3M | -CHF 13.9M | CHF 185M | CHF 133M | |
| Free cash flow (OCF - capex) | CHF 103M | CHF 71.9M | CHF 85.6M | CHF 139M | CHF 149M | -CHF 24.2M | CHF 83.8M | CHF 137M | CHF 80.1M | CHF 6.54M | CHF 201M | CHF 121M | |
| Interest paid | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 6.5M | CHF 0 | |
| Cash flow | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Operating | ||||||||
| Net income | -CHF 1.47M | -CHF 27.5M | -CHF 170M | CHF 57.7M | CHF 79.6M | CHF 242M | CHF 195M | |
| Depreciation & amortization | CHF 5.34M | CHF 12.1M | CHF 31.4M | CHF 46.4M | CHF 64.9M | CHF 105M | CHF 127M | |
| Stock-based compensation | CHF 18.8M | CHF 48.6M | CHF 192M | CHF 38.3M | CHF 27.3M | CHF 57.5M | CHF 0 | |
| Deferred income tax | CHF 4.62M | CHF 3.1M | CHF 10.6M | CHF 20.2M | -CHF 10.5M | CHF 37.4M | -CHF 71.2M | |
| Change in working capital | -CHF 33.4M | -CHF 55.7M | -CHF 66.4M | -CHF 353M | -CHF 7.8M | CHF 142M | -CHF 163M | |
| Other non-cash items | CHF 812K | CHF 4.7M | CHF 19.1M | -CHF 36.2M | CHF 78.6M | -CHF 73M | CHF 235M | |
| Operating cash flow | -CHF 5.22M | -CHF 14.7M | CHF 16.9M | -CHF 227M | CHF 232M | CHF 511M | CHF 323M | |
| Investing | ||||||||
| Capital expenditure | -CHF 9.22M | -CHF 11M | -CHF 24.6M | -CHF 60.3M | -CHF 42.8M | -CHF 60.5M | -CHF 75.1M | |
| Acquisitions | -CHF 321K | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 | |
| Other investing | CHF 0 | -CHF 7.6M | -CHF 11.8M | -CHF 22.6M | -CHF 4.3M | -CHF 4.4M | CHF 0 | |
| Investing cash flow | -CHF 9.54M | -CHF 18.6M | -CHF 36.4M | -CHF 82.9M | -CHF 47.1M | -CHF 64.9M | -CHF 75.1M | |
| Financing | ||||||||
| Net debt issued / repaid | -CHF 200K | -CHF 6.4M | -CHF 13.3M | -CHF 15.4M | -CHF 25.5M | -CHF 51.3M | CHF 0 | |
| Other financing (incl. tax on vested shares) | -CHF 490K | -CHF 2.1M | -CHF 9.1M | CHF 21.7M | CHF 3.7M | -CHF 4.3M | -CHF 66.8M | |
| Financing cash flow | -CHF 690K | CHF 125M | CHF 596M | CHF 6.3M | -CHF 21.8M | -CHF 55.4M | -CHF 54.4M | |
| Summary | ||||||||
| FX effect on cash | -CHF 195K | -CHF 1M | -CHF 13.9M | CHF 21.5M | -CHF 39.6M | CHF 39.4M | CHF 18.8M | |
| Net change in cash | -CHF 15.6M | CHF 90.5M | CHF 563M | -CHF 282M | CHF 124M | CHF 430M | CHF 212M | |
| Free cash flow (OCF - capex) | -CHF 14.4M | -CHF 33.3M | -CHF 19.3M | -CHF 310M | CHF 185M | CHF 446M | CHF 253M | |
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.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsShare count and EPS
quarterly, dilutedThe other statements
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.