SKX vs. ONON

Last updated Apr 2, 2026

Compare and contrast key facts about Skechers U.S.A., Inc. (SKX) and On Holding AG (ONON).

Performance

SKX vs. ONON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Skechers U.S.A., Inc. (SKX) and On Holding AG (ONON). The values are adjusted to include any dividend payments, if applicable.

SKX vs. ONON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SKX Skechers U.S.A., Inc.	0.00%	-6.11%	7.86%	48.61%	-3.34%	-4.43%
ONON On Holding AG	-25.19%	-15.14%	103.08%	57.17%	-54.62%	8.03%

Fundamentals

Market Cap SKX : $9.55B ONON : $11.62B
EPS SKX : $4.40 ONON : $0.61
PE Ratio SKX : 14.35 ONON : 57.42
PEG Ratio SKX : 0.09 ONON : 0.84
PS Ratio SKX : 1.01 ONON : 3.88
PB Ratio SKX : 2.00 ONON : 7.11
Total Revenue (TTM) SKX : $9.41B ONON : $3.01B
Gross Profit (TTM) SKX : $4.96B ONON : $1.89B
EBITDA (TTM) SKX : $1.07B ONON : $364.21M

Returns By Period

SKX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONON

• 1D: 2.20%
• 1M: -25.64%
• YTD: -25.19%
• 6M: -15.11%
• 1Y: -18.57%
• 3Y*: 3.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SKX vs. ONON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONON

ONON Risk / Return Rank: 25
ONON Sharpe Ratio Rank: 24
ONON Sortino Ratio Rank: 24
ONON Omega Ratio Rank: 24
ONON Calmar Ratio Rank: 27
ONON Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKX vs. ONON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skechers U.S.A., Inc. (SKX) and On Holding AG (ONON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SKX	ONON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.00	—

Correlation

The correlation between SKX and ONON is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SKX vs. ONON - Dividend Comparison

Neither SKX nor ONON has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

Drawdown Indicators

	SKX	ONON	Difference
Max Drawdown Largest peak-to-trough decline	—	-68.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-47.46%	—
Current Drawdown Current decline from peak	—	-45.35%	—
Average Drawdown Average peak-to-trough decline	—	-35.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.01%	—

Volatility

Volatility by Period

	SKX	ONON	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	51.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	57.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	57.84%	—

Financials

SKX vs. ONON - Profitability Comparison

The chart below illustrates the profitability comparison between Skechers U.S.A., Inc. and On Holding AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SKX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Skechers U.S.A., Inc. reported a gross profit of 1.30B and revenue of 2.44B. Therefore, the gross margin over that period was 53.3%.

ONON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, On Holding AG reported a gross profit of 471.69M and revenue of 738.15M. Therefore, the gross margin over that period was 63.9%.

SKX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Skechers U.S.A., Inc. reported an operating income of 173.08M and revenue of 2.44B, resulting in an operating margin of 7.1%.

ONON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, On Holding AG reported an operating income of 81.87M and revenue of 738.15M, resulting in an operating margin of 11.1%.

SKX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Skechers U.S.A., Inc. reported a net income of 170.50M and revenue of 2.44B, resulting in a net margin of 7.0%.

ONON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, On Holding AG reported a net income of 68.57M and revenue of 738.15M, resulting in a net margin of 9.3%.