COMPARE · Data as of August 21, 2026
ONON vs UAA
Verdict: Side-by-side breakdown using the Bull Rankings model. ONON scored 74.9, UAA scored 23.6 — ONON leads.
Compare another set
Different reporting periods. UAA's fundamentals are as of June 2026, but ONON's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
ONON
On Holding AG
74.9
$30.02 · $10.0B
fundamentals as of
Score gap
51.3
ONON leads
UAA
Under Armour, Inc.
23.6
$5.39 · $2.3B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- Fastest growthONON+30.0%
- Strongest balance sheetONON0.29
- Highest qualityONON71 / 100
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
ONON
stronger →← stronger
UAA
71
Qualityreturns · margins · balance sheet
24
96
Growthrevenue & earnings expansion
14
72
Valuevaluation vs sector peers
38
ONON is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
ONON
UAA
$396mC
FCF
-$81mF
+30.0%A
Rev
-3.6%D+
0.29A-
D/E
0.96B
20.3xB
P/E
—
0.59A-
PEG
1.21B
—
P/S
0.5xA-
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
ONON
UAA
112% above
Price vs fair valuelower is cheaper
—
~33%/yr
Growth the price implies10-yr FCF · lower = less priced in
—
-61%
1-yr DCF upside
—
-53%
5-yr DCF upside
—
-39%
10-yr DCF upside
—
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
ONON
Why this score
- Durable high returns
- Diluting shareholders
- Foreign reporter (CHF)
UAA
No notable signals flagged.
The companies
ONONOn Holding AG
Why now
Footwear & Accessories · market cap $10.0b. Down 41% from 52-week high of $51.08 — deep drawdown territory. Revenue growing +30% — in hypergrowth territory. PEG 0.59 — paying under fair value for the growth rate. 27 sell-side analysts rate this a Buy with a mean 1-yr target of $45.56 (implying +52% upside).
Moat
ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Down 41% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.12 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
UAAUnder Armour, Inc.
Why now
Apparel Manufacturing · market cap $2.3b. Down 34% from 52-week high of $8.15 — deep drawdown territory. 18 sell-side analysts rate this a Hold with a mean 1-yr target of $6.40 (implying +19% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Free cash flow is negative (-$81m) — capital raises or debt issuance likely required; dilution / leverage risk. Currently unprofitable (margin -10.0%) — path to GAAP profitability is the core thesis risk. Down 34% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where ONON and UAA diverge
On the headline score the gap is 51.3 points in favor of ONON. The widest single difference is Growth, where ONON leads by 81.7 points.
- GrowthONON 95.8 · UAA 14.1ONON +81.7
- QualityONON 71.0 · UAA 24.2ONON +46.8
- ValueONON 72.2 · UAA 38.5ONON +33.7
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.