ONON FY 2024 Earnings Report — On Holding AG Revenue & Financial Results | Market Cap Arena

On Holding AGONON

FY 2024 Earnings

Reported March 4, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.3B	—	29.4%
Op. Income	$269M	—	$229M	—	17.4%
Gross Margin	60.6%	—	59.6%	—	1.1pp
Net Margin	10.5%	—	4.4%	—	6.0pp
EPS (Diluted)	$0.90	—	$0.32	—	184.0%
Free Cash Flow	$567M	—	$235M	—	141.0%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$933M
General & Administrative	$587M
SG&A Expenses	$1.5B
Other Expenses	-$127.3K
Operating Expenses	$1.5B
Cost & Expenses	$2.7B
OPERATING INCOME	$269M
Interest Income	$31M
Interest Expense	$30M
Other Income/Expenses	$87M
INCOME BEFORE TAX	$356M
Income Tax Expense	$48M
Net Income from Continuing Ops	$308M
Net Income from Discontinued Ops	$0
Other Adjustments	$127.3K
NET INCOME	$308M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$308M
D&A	$133M
EBIT	$376M
EBITDA	$509M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$933M
General & Administrative	$587M
SG&A Expenses	$1.5B
Other Expenses	-$127.3K
Operating Expenses	$1.5B
Cost & Expenses	$2.7B
OPERATING INCOME	$269M
Interest Income	$31M
Interest Expense	$30M
Other Income/Expenses	$87M
INCOME BEFORE TAX	$356M
Income Tax Expense	$48M
Net Income from Continuing Ops	$308M
Net Income from Discontinued Ops	$0
Other Adjustments	$127.3K
NET INCOME	$308M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$308M
D&A	$133M
EBIT	$376M
EBITDA	$509M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$308M
Depreciation & Amortization	$133M
Stock-Based Compensation	$73M
Deferred Income Tax	$48M
Other Non-Cash Items	-$93M
Change in Working Capital	$180M
OPERATING CASH FLOW	$650M
Capital Expenditure	-$83M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	-$65M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$567M
Net Change in Cash	$547M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$56M
Net Receivables	$313M
Inventory	$534M
Other Current Assets	$107M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$574M
Goodwill	$2M
Intangible Assets	$72M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$137M
TOTAL NON-CURRENT ASSETS	$785M
TOTAL ASSETS	$3.0B
Account Payables	$212M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$194M
TOTAL CURRENT LIABILITIES	$841M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$46M
TOTAL NON-CURRENT LIABILITIES	$413M
TOTAL LIABILITIES	$1.3B
Common Stock	$43M
Additional Paid-In Capital	$963M
Retained Earnings	$296M
Treasury Stock	-$34M
Accum. Other Comp. Income	$503M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$442M
Net Debt	-$734M