Caleres (CAL) 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
Caleres (CAL) has outperformed On (ONON) over the past year, losing 4.6% versus a loss of 20.4%. Over five years, ONON leads with a +11.8% price change compared with -43.8% for CAL. On is the larger company by market cap ($11.34 billion vs $425.8 million), about 26.6 times the size.
On valuation, Caleres trades at a lower forward P/E (5.6x vs 16.5x for On). Caleres pays a dividend yielding 2.27%, while On does not currently pay one.
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 | CAL | ONON |
|---|---|---|
| Share price | $12.34 | $33.94 |
| Market cap | $425.79M | $11.34B |
| 1-day change | -0.88% | +2.17% |
| YTD return | +2.30% | -28.53% |
| 1-year return | -4.60% | -20.35% |
| 5-year return | -43.79% | +11.78% |
| P/E ratio (TTM) | 8.07 | 22.63 |
| Forward P/E | 5.63 | 16.54 |
| EPS (TTM) | $1.53 | $1.50 |
| Dividend yield | 2.27% | 0.00% |
| Annual dividend | $0.28 | $0.00 |
| 52-week high | $15.04 | $51.08 |
| 52-week low | $8.80 | $26.37 |
| Distance from 52-week high | -17.95% | -33.56% |
| Analyst consensus | none | buy |
| Avg. price target upside | +37.76% | +27.75% |
| Average volume | 513.00K | 8.71M |
| Shares outstanding | 34.50M | 301.72M |
| Employees | 5,000 | 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 26.6 times larger than Caleres by market value ($11.34B vs $425.79M).
- CAL has outperformed ONON by 15.8 percentage points over the past year.
- On trades at a higher earnings multiple (22.6x vs 8.1x trailing P/E).
- Caleres offers a meaningfully higher dividend yield (2.27% vs 0.00%).
About Caleres
CAL stock →Caleres, Inc. engages in the designs, develops, sources, manufactures, and distributes footwear in the United States, Canada, East and Southeast Asia, and internationally.
Consumer Discretionary · Shoe Manufacturing · 5,000 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
CAL vs ONON FAQ
Which is bigger, Caleres or On?
On (ONON) is larger, with a market capitalization of $11.34B compared with $425.79M for Caleres (CAL).
Which stock has performed better over the past year, CAL or ONON?
CAL returned -4.60% over the past 12 months, compared with -20.35% for ONON (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CAL or ONON?
CAL has the lower trailing P/E at 8.1, versus 22.6 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.
Which pays a higher dividend, Caleres or On?
Caleres pays a dividend yielding 2.27%, while On does not currently pay a regular dividend.
Are Caleres and On in the same industry?
Yes. Both are classified in the Shoe Manufacturing industry within the Consumer Discretionary sector.