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Stock Comparison · Structural lead, mixed market

LPL Financial Holdings vs On Holding: Which Stock Looks Stronger in 2026?

LPL Financial holds the cleaner structural position, with stability as the main driver and valuation adding further support. On still has the edge on profitability, 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

Most of the lead runs through stability, while valuation helps make the separation broader. LPL Financial Holdings Inc. leads by 15 points on the overall comparison score.

Trajectory Similarity
0.71
Similar
Peer-set rank: #2
within LPL Financial Holdings Inc.'s functional peer set

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

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The match is driven mainly by capital structure and recent revenue growth.

Similarity drivers
capital structurerecent revenue growth
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
LPLA
LPL Financial Holdings Inc.
41
Peer-Score
Signal qualityMedium
vs
ONON
On Holding AG
26
Peer-Score
Signal qualityMedium

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

The largest gaps do not all point in the same direction.

Dimension spread: LPLA vs ONON Profitability 0 10 Stability 56 8 Valuation 61 38 Growth 56 50 LPLA ONON
Gap Ranking
#1 Stability +48
#2 Valuation +23
#3 Profitability +10
#4 Growth +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for LPLA and ONON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer LPLAONON Relative valuation Structural strength

LPL Financial Holdings Inc. still looks stronger, and the price setup does not materially undermine that lead.

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

Relative Position vs Comparable Companies
Stability
LPL Financial Holdings Inc. sits in the stronger part of the group on stability, while On Holding AG is closer to mid-pack.
Valuation
On valuation, LPL Financial Holdings Inc. is positioned higher in the group, while On Holding AG is closer to the middle.
Stability — Dominant Gap
LPLA
56
ONON
8
Gap+48in favour of LPLA

The clearest distance comes from a steadier profile over time.

What keeps the gap from being one-sided

Capital efficiency also runs the other way, with a 5.7-point ROIC edge acting as a real counterforce.

What this means for the comparison

Stability is the clearest driver of the lead, with valuation adding further support — though profitability still provides a real counterweight.

Explore full peer positioning in AssetNext

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

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Similar stability-driven comparisons

Explore how LPLA 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.