Home Compare HEI vs ONON
Stock Comparison · Single-driver result

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

The structural profiles are close, with HEICO carrying a narrow edge on stability. On still leads on growth and valuation, 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. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-05-17

The comparison is mainly decided in stability, with the rest of the profile carrying less weight.

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
51
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
ONON
On Holding AG
50
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

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

The clearest separation appears in stability.

Dimension spread: HEI vs ONON Profitability 64 62 Stability 65 30 Valuation 38 52 Growth 37 50 HEI ONON
Gap Ranking
#1 Stability +35
#2 Valuation +14
#3 Growth +13
#4 Profitability +2
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

The setup splits cleanly: structure favours HEICO Corporation, while the price setup favours On Holding AG.

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

Entry today — historical context

Where HEI and ONON each sit in their own 4.7-year price and valuation history.

BASED ON 4.7-YEAR HISTORY HEI Elevated · below norm 0th 50th 100th 24 pct gap ONON Neutral · below norm 0th 50th 100th 83rd 59th
Today ONON sits in the upper-middle of its own 5-year history (59th percentile), while HEI sits higher in its own history (83rd). Within each stock's own 5-year context, ONON is at a historically more favourable entry position than HEI. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Stability
On stability, HEICO Corporation ranks near the top of the group; On Holding AG sits in the weaker half.
Valuation
On Holding AG sits in the stronger part of the group on valuation, while HEICO Corporation is closer to mid-pack.
Stability — Dominant Gap
HEI
65
ONON
30
Gap+35in favour of HEI

The stability gap is wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for On, with a forward P/E that is 28 turns lower there.

What this means for the comparison

The main read on stability is clearer than the broader score gap.

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 stability-driven 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.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

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.