Which has the lower trailing P/E, DECK or ONON?

DECK has the lower trailing P/E: DECK trades at 11.25 and ONON at 20.73. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DECK or ONON?

Over the past five years, ONON grew revenue faster — DECK at a 14.84% CAGR versus ONON at 45.59%.

Is DECK or ONON more profitable?

DECK runs the higher net margin — DECK at 18.36% versus ONON at 12.30%.

How have DECK and ONON total returns compared?

Over the past 5 years, DECK delivered 5.49% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Deckers Outdoor Corporation (DECK) vs On Holding AG (ONON)

A side-by-side comparison of Deckers Outdoor Corporation and On Holding AG across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

DECK

Deckers Outdoor Corporation

$10.78B

$79.18Consumer CyclicalDelayed quote: Oct 2, 2026, 3:55 PM EDT

ONON

On Holding AG

$10.28B

$30.85Consumer CyclicalDelayed quote: Oct 2, 2026, 3:55 PM EDT

Total return — DECK vs ONON

growth of $100 · dividends reinvested · last 5y

DECK +9.4% (+1.8%/yr)ONON -13.7% (-2.9%/yr)DECK compounded faster over this window

DECK ONON

DECK vs ONON: by the numbers

•DECK is the larger company ($10.78B vs $10.28B market cap).
•DECK trades at the lower trailing earnings multiple (11.25 vs 20.73 P/E), one valuation lens rather than an overall verdict.
•DECK converts more revenue to profit (18.36% vs 12.30% net margin).
•ONON grew revenue faster over the past five years (45.59% vs 14.84% CAGR).

Metrics side by side

Valuation

Metric	DECK	ONON
P/E ratio	11.25	20.73
Forward P/E	10.53	N/A
PEG ratio	0.44	N/A
P/S ratio	1.95	2.54
P/B ratio	4.68	4.35
EV / EBITDA	7.27	13.49
FCF yield	N/A	5.15%

Profitability

Metric	DECK	ONON
Gross margin	57.80%	64.82%
Operating margin	22.67%	13.78%
Net margin	18.36%	12.30%
ROE	44.09%	21.08%
ROIC	34.54%	17.09%

Growth (annualized)

Metric	DECK	ONON
Revenue CAGR (5Y)	14.84%	45.59%
EPS CAGR (5Y)	25.41%	N/A
Total return CAGR (5Y)	5.49%	-0.20%

Frequently asked

Which has the lower trailing P/E, DECK or ONON?: DECK has the lower trailing P/E: DECK trades at 11.25 and ONON at 20.73. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DECK or ONON?: Over the past five years, ONON grew revenue faster — DECK at a 14.84% CAGR versus ONON at 45.59%.
Is DECK or ONON more profitable?: DECK runs the higher net margin — DECK at 18.36% versus ONON at 12.30%.
How have DECK and ONON total returns compared?: Over the past 5 years, DECK delivered 5.49% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DECK analysis Full ONON analysis Interactive comparison tool

Dig into the metrics

Deckers Outdoor P/E ratio On Holding AG P/E ratio Deckers Outdoor ROE On Holding AG ROE Deckers Outdoor operating margin On Holding AG operating margin Deckers Outdoor revenue growth On Holding AG revenue growth Deckers Outdoor free cash flow On Holding AG free cash flow

Deckers Outdoor & On Holding AG appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.