Financials in USD. Standardized financial statements.
A compact view of how On Holding AG turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $2.88B | $2.32B | $1.79B | $1.22B | $724.60M | $425.30M | $267.12M |
| Revenue Growth? | +24.2% | +29.4% | +46.6% | +68.7% | +70.4% | +59.2% | 0.0% |
| Cost of Revenue? | $1.07B | $912.60M | $724.80M | $537.20M | $294.30M | $194.20M | $124.00M |
| Gross Profit? | $1.81B | $1.41B | $1.07B | $684.90M | $430.30M | $231.10M | $143.12M |
| Gross Margin? | +62.8% | +60.6% | +59.6% | +56.0% | +59.4% | +54.3% | +53.6% |
| Operating Expenses? | $1.45B | $1.19B | $887.10M | $599.80M | $571.40M | $248.20M | $137.43M |
| Operating Income? | $360.15M | $211.60M | $180.20M | $85.10M | -$141.10M | -$17.10M | $5.69M |
| EBITDA? | $481.82M | $400.00M | $206.30M | $128.60M | -$125.80M | -$12.00M | $8.61M |
| Income Before Tax | $195.97M | $279.60M | $69.10M | $77.90M | -$159.60M | -$24.40M | $3.15M |
| Income Tax Expense | $1.43M | $37.40M | -$10.50M | $20.20M | $10.60M | $3.10M | $4.62M |
| Net Income? | $194.54M | $242.30M | $79.60M | $57.70M | -$170.20M | -$27.50M | -$1.47M |
| EPS? | $0.59 | $0.71 | $0.25 | $0.18 | $-0.55 | $-0.09 | $-0.00 |
| Diluted EPS? | $0.58 | $0.71 | $0.25 | $0.18 | $-0.55 | $-0.09 | $-0.00 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality