NIKE, Inc. vs On Holding AG, two Footwear stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where NKE and ONON diverge most: on revenue growth, NKE reads -2.5% and ONON reads +43.7%; on debt / equity, NKE reads 0.57 and ONON reads 0.00. The rest of the comparable metrics sit closer together. What NKE'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 | NKE | ONON |
|---|---|---|
| Price | $44.39 | $38.54 |
| Market cap | $65.8B | $11.4B |
| Sector | Footwear | Footwear |
| Stage | Mature | Growth |
| Implied growth (priced in) | +15.5% | — |
| P/E | 29.4 | — |
| P/B | 4.67 | 6.17 |
| P/S | 1.41 | 3.34 |
| EV/EBITDA | 89.2 | 24.0 |
| Revenue growth | -2.5% | +43.7% |
| Gross margin | 40.2% | 62.8% |
| Operating margin | — | 12.5% |
| Net margin | 4.8% | 6.8% |
| Return on equity | 16.0% | 12.5% |
| Return on assets | 6.1% | 7.2% |
| Return on invested capital | — | 22.9% |
| FCF yield | 1.6% | 2.9% |
| Dividend yield | 3.5% | — |
| Debt / equity | 0.57 | 0.00 |
| Current ratio | 2.14 | 2.71 |
| Altman Z (solvency) | 7.63 | 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.