On Holding Ltd (ONON) — Cash Flow Quality Index
On Holding Ltd (ONON) has a Cash Flow Quality Index of 0.22x as of March 2026. Operating cash flow of $23.62 Million is below net income of $105.60 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore On Holding Ltd (ONON) cash conversion ratio to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
On Holding Ltd Cash Flow Quality Index (2022–2025)
Historical Cash Flow Quality Index for On Holding Ltd across 4 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check On Holding Ltd total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for On Holding Ltd (2022–2025)
Year-by-year earnings quality comparison for On Holding Ltd. For live market cap and the full company financial profile, see ONON market cap overview.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.66x | $322.80 Million | $194.54 Million | ▼ -21.3% |
| 2024 | 2.11x | $510.60 Million | $242.30 Million | ▼ -27.7% |
| 2023 | 2.92x | $232.10 Million | $79.60 Million | ▲ +174.1% |
| 2022 | -3.93x | $-227.00 Million | $57.70 Million | — |