DECKERS OUTDOOR CORP vs On Holding AG, two Footwear stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where DECK and ONON diverge most: on revenue growth, DECK reads +10.7% and ONON reads +43.7%; on return on assets, DECK reads 27.8% and ONON reads 7.2%. The rest of the comparable metrics sit closer together. What DECK's price implies is a bet that sits within the historical range (whole-company basis). What ONON's price implies is a somewhat stretched bet versus history (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | DECK | ONON |
|---|---|---|
| Price | $106.02 | $38.54 |
| Market cap | $15.3B | $11.4B |
| Sector | Footwear | Footwear |
| Stage | Mature | Growth |
| Implied growth (priced in) | +4.1% | — |
| P/E | 15.1 | — |
| P/B | 6.12 | 6.17 |
| P/S | 2.80 | 3.34 |
| EV/EBITDA | 10.6 | 24.0 |
| Revenue growth | +10.7% | +43.7% |
| Gross margin | 57.6% | 62.8% |
| Operating margin | 14.0% | 12.5% |
| Net margin | 18.7% | 6.8% |
| Return on equity | 41.0% | 12.5% |
| Return on assets | 27.8% | 7.2% |
| Return on invested capital | 39.9% | 22.9% |
| FCF yield | 7.2% | 2.9% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 3.54 | 2.71 |
| Altman Z (solvency) | 9.14 | 8.21 |
| Piotroski F (quality) | 4 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.