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

DPZ has the lower trailing P/E: DPZ trades at 16.85 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, DPZ or ONON?

Over the past five years, ONON grew revenue faster — DPZ at a 4.45% CAGR versus ONON at 45.59%.

Does DPZ or ONON pay a bigger dividend?

DPZ pays a dividend (2.61% yield), while ONON has no payments in the available dividend history.

Is DPZ or ONON more profitable?

ONON runs the higher net margin — DPZ at 11.86% versus ONON at 12.30%.

How have DPZ and ONON total returns compared?

Over the past 5 years, DPZ delivered -7.73% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Domino's Pizza, Inc. (DPZ) vs On Holding AG (ONON)

A side-by-side comparison of Domino's Pizza, Inc. 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.

DPZ

Domino's Pizza, Inc.

$9.83B

$297.14Consumer 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 — DPZ vs ONON

growth of $100 · dividends reinvested · last 5y

DPZ -38.9% (-9.4%/yr)ONON -13.7% (-2.9%/yr)ONON compounded faster over this window

DPZ ONON

DPZ vs ONON: by the numbers

•ONON is the larger company ($10.28B vs $9.83B market cap).
•DPZ trades at the lower trailing earnings multiple (16.85 vs 20.73 P/E), one valuation lens rather than an overall verdict.
•ONON converts more revenue to profit (12.30% vs 11.86% net margin).
•ONON grew revenue faster over the past five years (45.59% vs 4.45% CAGR).
•DPZ pays a dividend (2.61% yield), while ONON has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	DPZ	ONON
P/E ratio	16.85	20.73
Forward P/E	15.64	N/A
PEG ratio	2.32	N/A
P/S ratio	1.96	2.54
P/B ratio	N/A	4.35
EV / EBITDA	13.74	13.49
FCF yield	6.65%	5.15%

Profitability

Metric	DPZ	ONON
Gross margin	40.02%	64.82%
Operating margin	19.54%	13.78%
Net margin	11.86%	12.30%
ROE	N/A	21.08%
ROIC	64.75%	17.09%

Dividends

Metric	DPZ	ONON
Dividend yield	2.61%	N/A
Payout ratio	43.73%	N/A

Growth (annualized)

Metric	DPZ	ONON
Revenue CAGR (5Y)	4.45%	45.59%
EPS CAGR (5Y)	7.03%	N/A
FCF CAGR (5Y)	6.73%	N/A
Total return CAGR (5Y)	-7.73%	-0.20%

Frequently asked

Which has the lower trailing P/E, DPZ or ONON?: DPZ has the lower trailing P/E: DPZ trades at 16.85 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, DPZ or ONON?: Over the past five years, ONON grew revenue faster — DPZ at a 4.45% CAGR versus ONON at 45.59%.
Does DPZ or ONON pay a bigger dividend?: DPZ pays a dividend (2.61% yield), while ONON has no payments in the available dividend history.
Is DPZ or ONON more profitable?: ONON runs the higher net margin — DPZ at 11.86% versus ONON at 12.30%.
How have DPZ and ONON total returns compared?: Over the past 5 years, DPZ delivered -7.73% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DPZ analysis Full ONON analysis Interactive comparison tool

Dig into the metrics

Domino's Pizza P/E ratio On Holding AG P/E ratio Domino's Pizza dividend yield Domino's Pizza ROE On Holding AG ROE Domino's Pizza operating margin On Holding AG operating margin Domino's Pizza revenue growth On Holding AG revenue growth Domino's Pizza free cash flow On Holding AG free cash flow

Domino's Pizza & On Holding AG appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth 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.