On Holding Ltd (ONON) — Free Cash Flow Generation Index
Latest as of March 2026:
0.28x
On Holding Ltd (ONON) has a Free Cash Flow Generation Index of 0.28x as of March 2026. Free cash flow of $6.54 Million represents 0% of operating cash flow ($23.62 Million). Read ONON liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
0.28x
Free Cash Flow / Operating CF
Free Cash Flow
$6.54 Million
USD
Operating Cash Flow
$23.62 Million
USD
Capital Expenditures
$17.07 Million
USD
On Holding Ltd Free Cash Flow Generation Index (2021–2025)
Historical FCF Generation Index trend for On Holding Ltd across 4 annual periods. Explore ONON capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for On Holding Ltd (2021–2025)
Year-by-year Free Cash Flow Generation Index for On Holding Ltd. For the full company profile including market capitalisation, see ONON stock market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.78x | $253.18 Million | $322.80 Million | $69.62 Million | ▼ -10.1% |
| 2024 | 0.87x | $445.60 Million | $510.60 Million | $65.00 Million | ▲ +9.5% |
| 2023 | 0.80x | $184.90 Million | $232.10 Million | $47.20 Million | ▲ +169.8% |
| 2021 | -1.14x | $-19.30 Million | $16.90 Million | $36.20 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).