← Research LibraryThe BriefFY2025 20-F · headline figures audited against SEC data
Net sales rose 30.0% to CHF 3.01B and the operating margin widened 338 bps to 12.5%, but a CHF 173.2 million currency loss cut net income 15.9%.
The read at a glance✓ Audited against SEC data
- Growth — Net sales +30.0% to CHF 3.01B, organicOK
- Profitability — Operating margin 12.5%, up 338 bps; net income -15.9% on currency lossOK
- Cash — Free cash flow -36.3% to CHF 0.29BWatch
- Accounting — Altman-Z grey on a formula built for manufacturersNote
- Insiders — Cluster buy: both co-CEOs and another executive boughtOK
- Channels — Wholesale CHF 1,753.4m; direct-to-consumer CHF 1,260.5mNote
Business
On Holding is a Swiss premium global sportswear brand, selling through wholesale partners and directly to consumers through its own retail stores and e-commerce platform. It reports in Swiss francs and has been listed on the NYSE since September 15, 2021.
Latest filings
- 6-K · Company announcement (foreign filer)2026-09-22
- 6-K · Company announcement (foreign filer)2026-08-11
- 6-K · Company announcement (foreign filer)2026-05-28
- 6-K · Company announcement (foreign filer)2026-05-12
- 6-K · Company announcement (foreign filer)2026-04-17
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about On Holding AG, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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