NKE vs ONON: Stock Comparison
NIKE, Inc. compared with On Holding AG: size, valuation, growth, margins, dividends and returns.
NKE vs ONON at a Glance
As of Nov 6, 2026, NIKE, Inc. (NKE) has a market capitalization of $57.28B versus $12.55B for On Holding AG (ONON). Both companies are classified in the Footwear & Accessories industry.
NKE trades at 18.5x trailing and 17.2x forward earnings, compared with 25.8x trailing and 11.7x forward earnings for ONON as of Nov 6, 2026. Over the trailing twelve months, revenue grew -1.2% at NKE and 18.5% at ONON, operating margins were 8.2% and 13.8%, and net profit margins 6.7% and 12.3%.
As of Nov 6, 2026, NKE has a dividend yield of 4.28% and ONON 0.00%. Over the past year NKE shares changed −45.01% versus −21.35% for ONON (price change, dividends excluded).
Key Figures Side by Side
| Metric | NKE | ONON |
|---|---|---|
| Market cap | $57.28B | $12.55B |
| P/E ratio (TTM) | 18.52 | 25.81 |
| Forward P/E | 17.19 | 11.74 |
| Revenue growth (TTM, YoY) | -1.18% | 18.48% |
| Gross margin (TTM) | 43.07% | 64.82% |
| Operating margin (TTM) | 8.20% | 13.79% |
| Net profit margin (TTM) | 6.74% | 12.31% |
| Dividend yield | 4.28% | 0.00% |
| 1-year price change | −45.01% | −21.35% |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Footwear & Accessories | Footwear & Accessories |
Source: Exchange price data and company financial statements. Data as of Nov 6, 2026. Data sources and methodology
Interactive NKE vs ONON Comparison
Performance Comparison
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Comparison Results
Marked values are the best in their row where higher or lower is clearly better.
Frequently Asked Questions
Which is bigger, NKE or ONON?
NIKE, Inc. (NKE) is larger as of Nov 6, 2026, with a market capitalization of $57.28B against $12.55B for On Holding AG (ONON), about 4.6 times the size.
Which stock is cheaper, NKE or ONON?
On trailing earnings NKE is cheaper as of Nov 6, 2026: it trades at 18.5x versus 25.8x for ONON. On forward earnings NKE trades at 17.2x and ONON at 11.7x. A lower multiple can also reflect slower expected growth.
Which pays a higher dividend, NKE or ONON?
NKE yields 4.28% as of Nov 6, 2026, while ONON paid no dividend over the trailing twelve months.
Which has performed better, NKE or ONON?
ONON has done better over the past year to Nov 6, 2026: its shares changed −21.35% against −45.01% for NKE. These are price changes and exclude dividends.