Li Auto Inc. (LI) vs On Holding AG (ONON)
A side-by-side comparison of Li Auto 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.
LI
Li Auto Inc.
$10.69Consumer CyclicalDelayed quote: Oct 2, 2026, 3:55 PM EDT
ONON
On Holding AG
$30.85Consumer CyclicalDelayed quote: Oct 2, 2026, 3:55 PM EDT
Total return — LI vs ONON
growth of $100 · dividends reinvested · last 5yLI -62.6% (-17.9%/yr)ONON -13.7% (-2.9%/yr)ONON compounded faster over this window
LI ONON
LI vs ONON: by the numbers
- •LI is the larger company ($10.79B vs $10.28B market cap).
- •ONON is profitable (12.30% net margin) while LI runs a net loss (-4.45%).
- •ONON grew revenue faster over the past five years (45.59% vs 45.20% CAGR).
Metrics side by side
Valuation
| Metric | LI | ONON |
|---|---|---|
| P/E ratio | N/A | 20.73 |
| P/S ratio | 0.72 | 2.54 |
| P/B ratio | 1.11 | 4.35 |
| EV / EBITDA | N/A | 13.49 |
| FCF yield | N/A | 5.15% |
Profitability
| Metric | LI | ONON |
|---|---|---|
| Gross margin | 13.54% | 64.82% |
| Operating margin | -6.72% | 13.78% |
| Net margin | -4.45% | 12.30% |
| ROE | -6.87% | 21.08% |
| ROIC | -6.61% | 17.09% |
Growth (annualized)
| Metric | LI | ONON |
|---|---|---|
| Revenue CAGR (5Y) | 45.20% | 45.59% |
| Total return CAGR (5Y) | -15.81% | -0.20% |
Frequently asked
- Which has grown faster, LI or ONON?
- Over the past five years, ONON grew revenue faster — LI at a 45.20% CAGR versus ONON at 45.59%.
- Is LI or ONON more profitable?
- ONON runs the higher net margin — LI at -4.45% versus ONON at 12.30%.
- How have LI and ONON total returns compared?
- Over the past 5 years, LI delivered -15.81% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
On Holding AG P/E ratioLi Auto ROEOn Holding AG ROELi Auto operating marginOn Holding AG operating marginLi Auto revenue growthOn Holding AG revenue growthLi Auto free cash flowOn Holding AG free cash flow
Li Auto & On Holding AG appear in these rankings
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.