ONON vs NKE Comparison: AI Score, Valuation, Performance and Upside
Compare On Running and Nike by premium positioning, revenue growth rate, global brand recognition, running category market share, margin profile, and whether On can challenge Nike's dominance.
Use this On Running vs Nike comparison to evaluate the key differences across valuation, growth, profitability, and risk before making an investment decision.
ONON holds the edge across 3 of 5 key metrics in this comparison. ONON has delivered stronger 1-year price return (-28.29% vs -44.71%), though NKE has the better forward P/E setup (18.84x vs 20.62x for ONON). Analyst consensus implies meaningfully more upside for ONON (+44.40%) than for NKE (+16.82%).
| Metric | ONON | NKE |
|---|---|---|
| AI score | 29.5 | 27.4 |
| AI rank | #2338 | #2471 |
| Latest close | $35.82 | $41.70 |
| 1M return | -2.98% | -0.29% |
| 6M return | -23.17% | -35.89% |
| 1Y return | -28.29% | -44.71% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ONON | NKE |
|---|---|---|
| 1Y ago | $7.17K (-28.3%) started 2025-07-24 | $5.47K (-45.3%) started 2025-07-25 |
| 5Y ago | $10.23K (+2.3%) started 2021-09-15 | $2.79K (-72.1%) started 2021-07-26 |
| 10Y ago | $10.23K (+2.3%) started 2021-09-15 | $9.03K (-9.7%) started 2016-07-25 |
Hypothetical — past performance does not guarantee future results.
| Metric | ONON | NKE |
|---|---|---|
| Market cap | $11.94B | $64.92B |
| Trailing P/E | 38.93 | 20.84 |
| Forward P/E | 20.62 | 18.84 |
| Price/Sales | 3.83 | 1.94 |
| EV/Revenue | 3.55 | 1.44 |
| Analyst target | $51.72 | $51.12 |
| Target upside | +44.40% | +16.82% |
| Metric | ONON | NKE |
|---|---|---|
| Revenue growth | 14.50% | -1.10% |
| Earnings growth | 81.10% | 428.00% |
| EPS growth | +81.10% | +428.00% |
| FCF margin | +7.70% | +4.07% |
| Operating margin | N/A | 12.69% |
| Profit margin | 8.02% | 6.70% |
| ROIC proxy | 15.50% | 22.14% |
| Return on equity | 15.50% | 22.14% |
| Dividend yield | 0.00% | 3.75% |
| Beta | 2.12 | 1.13 |
| Debt/equity | 30.59 | 74.29 |
| Current ratio | 2.98 | 1.96 |
| Quick ratio | 2.07 | 1.19 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | ONON | NKE |
|---|---|---|---|
| 1Y | Growth | -28.29% | -45.33% |
| CAGR | -28.30% | -45.43% | |
| Sharpe ratio | -0.60 | -1.65 | |
| Max drawdown | 38.40% | 48.57% | |
| Max daily drop | 11.19% | 15.51% | |
| Max wkly drop | 20.02% | 18.35% | |
| 5Y | Growth | +2.34% | -73.47% |
| CAGR | +0.48% | -23.33% | |
| Sharpe ratio | 0.21 | -0.70 | |
| Max drawdown | 68.90% | 75.93% | |
| Max daily drop | 16.77% | 19.98% | |
| Max wkly drop | 34.98% | 22.44% | |
| 10Y | Growth | +2.34% | -19.03% |
| CAGR | +0.48% | -2.09% | |
| Sharpe ratio | 0.21 | -0.04 | |
| Max drawdown | 68.90% | 75.93% | |
| Max daily drop | 16.77% | 19.98% | |
| Max wkly drop | 34.98% | 22.44% |
| Category | ONON | NKE |
|---|---|---|
| Company | ONON | NKE |
| Sector | N/A | Consumer Cyclical |
| Industry | N/A | Footwear & Accessories |
| Core business | N/A | N/A |
| Investor focus | N/A | N/A |
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