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

SharkNinja holds the cleaner structural position, with the lead spread across growth and valuation. On does not offset that deficit through any equally strong structural edge elsewhere. 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

The clearest separation starts in growth, but valuation adds another real layer to the result. SharkNinja, Inc. leads by 35 points on the overall comparison score.

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
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
26
Peer-Score
Signal qualityMedium
vs
SN
SharkNinja, Inc.
61
Peer-Score
Signal qualityMedium

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

Score differences across key dimensions.

Dimension spread: ONON vs SN Profitability 10 39 Stability 8 34 Valuation 38 78 Growth 50 95 ONON SN
Gap Ranking
#1 Growth +45
#2 Valuation +40
#3 Profitability +29
#4 Stability +26
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

SharkNinja, Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

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

Relative Position vs Comparable Companies
Growth
Both profiles are strong on growth, but SharkNinja, Inc. leads clearly.
Valuation
On valuation, the gap still runs the same way: SharkNinja, Inc. sits near the top of the group, while On Holding AG remains in the weaker half.
Growth — Dominant Gap
ONON
50
SN
95
Gap+45in favour of SN

Earnings growth is one contributing factor within the growth lead.

What else supports the lead

A forward P/E that is 2.5 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

The lead is built on both growth and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

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

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Similar growth-and-valuation 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.

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.