Crocs (CROX) vs On (ONON)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Crocs (CROX) has outperformed On (ONON) over the past year, gaining 46.2% versus a loss of 20.4%. Over five years, ONON leads with a +11.8% price change compared with -16.0% for CROX. On is the larger company by market cap ($11.10 billion vs $5.52 billion), about 2.0 times the size.
On valuation, Crocs trades at a lower forward P/E (7.7x vs 16.2x 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 | CROX | ONON |
|---|---|---|
| Share price | $115.20 | $33.22 |
| Market cap | $5.52B | $11.10B |
| 1-day change | -4.18% | +0.27% |
| YTD return | +34.71% | -28.53% |
| 1-year return | +46.16% | -20.35% |
| 5-year return | -16.03% | +11.78% |
| P/E ratio (TTM) | 10.10 | 22.15 |
| Forward P/E | 7.71 | 16.19 |
| EPS (TTM) | $11.41 | $1.50 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $4.04B | — |
| Revenue growth (YoY) | -1.50% | — |
| Net income (latest FY) | $-81.20M | — |
| Gross margin | 58.33% | — |
| Operating margin | 3.70% | — |
| Net margin | -2.01% | — |
| 52-week high | $141.28 | $51.08 |
| 52-week low | $73.21 | $26.37 |
| Distance from 52-week high | -18.46% | -34.96% |
| Analyst consensus | none | buy |
| Avg. price target upside | +20.01% | +30.52% |
| Average volume | 1.05M | 8.71M |
| Shares outstanding | 47.95M | 301.72M |
| Employees | 8,010 | 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 Crocs by market value ($11.10B vs $5.52B).
- CROX has outperformed ONON by 66.5 percentage points over the past year.
- On trades at a higher earnings multiple (22.1x vs 10.1x trailing P/E).
About Crocs
CROX stock →Crocs, Inc. together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and kids under the Crocs and HEYDUDE Brands in the United States and internationally.
Consumer Discretionary · Shoe Manufacturing · 8,010 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
CROX vs ONON FAQ
Which is bigger, Crocs or On?
On (ONON) is larger, with a market capitalization of $11.10B compared with $5.52B for Crocs (CROX).
Which stock has performed better over the past year, CROX or ONON?
CROX returned +46.16% 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, CROX or ONON?
CROX has the lower trailing P/E at 10.1, versus 22.1 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 Crocs and On in the same industry?
Yes. Both are classified in the Shoe Manufacturing industry within the Consumer Discretionary sector.