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Stock Comparison · Single-driver result

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

Structurally, On and SharkNinja are closely matched — neither holds a meaningful edge overall. SharkNinja still has the edge on stability, which keeps the comparison from looking entirely one-sided. In the market, SharkNinja carries the stronger setup — intact trend against On's broken trend.

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 2026-08-16

Stability points more clearly toward SharkNinja, Inc., while the broader score stays level overall.

Trajectory Similarity
0.75
Similar
Peer-set rank: #4
within On Holding AG's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The strongest overlap appears in investment intensity and recent revenue growth.

Similarity drivers
investment intensityrecent revenue growth
What reduces the match
revenue growth trajectory
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
ONON
On Holding AG
49
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000
vs
SN
SharkNinja, Inc.
49
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: ONON vs SN Profitability 65 51 Stability 32 48 Valuation 49 51 Growth 41 44 ONON SN
Gap Ranking
#1 Stability +16
#2 Profitability +14
#3 Growth +3
#4 Valuation +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ONON and SN Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ONONSN Relative valuation Structural strength

The setup remains mixed because the stronger profile and the more supportive price setup do not sit on the same side.

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

Entry today — historical context

Where ONON and SN each sit in their own 3.1-year price and valuation history.

BASED ON 3.1-YEAR HISTORY ONON Neutral · below norm 0th 50th 100th 60 pct gap SN Elevated · near norm 0th 50th 100th 39th 99th
Today ONON sits in the lower-middle of its own 5-year history (39th percentile), while SN sits higher in its own history (99th). Within each stock's own 5-year context, ONON is at a historically more favourable entry position than SN. 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
SharkNinja, Inc. sits higher in the group on stability, adding to the overall structural advantage.
Profitability
Both rank well on profitability, but On Holding AG still sits higher.
Stability — Dominant Gap
ONON
32
SN
48
Gap+16in favour of SN

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

What keeps the gap from being one-sided

On the market side, SharkNinja carries the stronger trend while On's trend has broken — the market setup does not confirm the structural advantage.

What this means for the comparison

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

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Similar stability-and-profitability comparisons

Explore how ONON and SN 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.