Birkenstock (BIRK) vs On (ONON)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
On (ONON) has outperformed Birkenstock (BIRK) over the past year, losing 20.4% versus a loss of 25.0%. On is the larger company by market cap ($11.04 billion vs $5.47 billion), about 2.0 times the size. On valuation, Birkenstock trades at a lower forward P/E (12.1x vs 16.1x for On).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BIRK | ONON |
|---|---|---|
| Share price | $33.10 | $33.03 |
| Market cap | $5.47B | $11.04B |
| 1-day change | -0.21% | -0.56% |
| YTD return | -18.90% | -28.53% |
| 1-year return | -24.95% | -20.35% |
| 5-year return | — | +11.78% |
| P/E ratio (TTM) | 15.54 | 22.02 |
| Forward P/E | 12.09 | 16.10 |
| EPS (TTM) | $2.13 | $1.50 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $50.73 | $51.08 |
| 52-week low | $29.93 | $26.37 |
| Distance from 52-week high | -34.75% | -35.34% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +51.48% | +31.27% |
| Average volume | 2.29M | 8.71M |
| Shares outstanding | 165.13M | 301.72M |
| Employees | 6,800 | 3,963 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Shoe Manufacturing | Shoe Manufacturing |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- On is about 2.0 times larger than Birkenstock by market value ($11.04B vs $5.47B).
- On trades at a higher earnings multiple (22.0x vs 15.5x trailing P/E).
About Birkenstock
BIRK stock →Birkenstock Holding plc engages in the manufacture and sale of footwear products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers footbed-based products, including sandals and closed-toe shoes; and skincare products and accessories.
Consumer Discretionary · Shoe Manufacturing · 6,800 employees
About On
ONON stock →On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers.
Consumer Discretionary · Shoe Manufacturing · 3,963 employees
BIRK vs ONON FAQ
Which is bigger, Birkenstock or On?
On (ONON) is larger, with a market capitalization of $11.04B compared with $5.47B for Birkenstock (BIRK).
Which stock has performed better over the past year, BIRK or ONON?
ONON returned -20.35% over the past 12 months, compared with -24.95% for BIRK (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BIRK or ONON?
BIRK has the lower trailing P/E at 15.5, versus 22.0 for ONON. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Birkenstock and On in the same industry?
Yes. Both are classified in the Shoe Manufacturing industry within the Consumer Discretionary sector.