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HEICO vs On Holding: Which Stock Looks Stronger in 2026?

HEICO holds the cleaner structural position, with the lead spread across profitability and stability. On still has the edge on growth, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

This is not just a one-metric split: both profitability and stability materially support the lead. The overall score gap is 31 points in favour of HEICO Corporation.

Trajectory Similarity
0.67
Moderately similar
Peer-set rank: #11
within HEICO Corporation's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

A moderate similarity means the pair is structurally comparable, but not a near-twin trajectory match.

The strongest overlap appears in investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HEI
HEICO Corporation
57
Peer-Score
Signal qualityHigh
vs
ONON
On Holding AG
26
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: HEI vs ONON Profitability 89 10 Stability 54 8 Valuation 41 38 Growth 38 50 HEI ONON
Gap Ranking
#1 Profitability +79
#2 Stability +46
#3 Growth +12
#4 Valuation +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HEI and ONON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HEIONON Relative valuation Structural strength

Neither company combines the stronger profile with the cheaper valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
On profitability, HEICO Corporation ranks near the top of the group; On Holding AG sits in the weaker half.
Stability
On stability, HEICO Corporation is positioned higher in the group, while On Holding AG is closer to the middle.
Profitability — Dominant Gap
HEI
89
ONON
10
Gap+79in favour of HEI

The profitability lead is mainly driven by a 11.2-point operating margin advantage.

What else supports the lead

Stability adds another layer of support rather than leaving the result tied to profitability alone.

What this means for the comparison

The lead is built on both profitability and stability — though growth still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the HEI vs ONON comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-stability comparisons

Explore how HEI and ONON each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.