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

MUSA has the lower trailing P/E: MUSA trades at 15.69 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, MUSA or ONON?

Over the past five years, ONON grew revenue faster — MUSA at a 9.42% CAGR versus ONON at 45.59%.

Does MUSA or ONON pay a bigger dividend?

MUSA pays a dividend (0.50% yield), while ONON has no payments in the available dividend history.

Is MUSA or ONON more profitable?

ONON runs the higher net margin — MUSA at 2.87% versus ONON at 12.30%.

How have MUSA and ONON total returns compared?

Over the past 5 years, MUSA delivered 25.49% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Murphy USA Inc. (MUSA) vs On Holding AG (ONON)

A side-by-side comparison of Murphy USA 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.

MUSA

Murphy USA Inc.

$9.51B

$515.02Consumer CyclicalDelayed quote: Oct 2, 2026, 4:00 PM EDT

ONON

On Holding AG

$10.28B

$30.85Consumer CyclicalDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — MUSA vs ONON

growth of $100 · dividends reinvested · last 5y

MUSA +259.8% (+29.2%/yr)ONON -13.7% (-2.9%/yr)MUSA compounded faster over this window

MUSA ONON

MUSA vs ONON: by the numbers

•ONON is the larger company ($10.28B vs $9.51B market cap).
•MUSA trades at the lower trailing earnings multiple (15.69 vs 20.73 P/E), one valuation lens rather than an overall verdict.
•ONON converts more revenue to profit (12.30% vs 2.87% net margin).
•ONON grew revenue faster over the past five years (45.59% vs 9.42% CAGR).
•MUSA pays a dividend (0.50% yield), while ONON has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	MUSA	ONON
P/E ratio	15.69	20.73
Forward P/E	14.75	N/A
PEG ratio	1.21	N/A
P/S ratio	0.44	2.54
P/B ratio	12.15	4.35
EV / EBITDA	9.81	13.49
FCF yield	5.69%	5.15%

Profitability

Metric	MUSA	ONON
Gross margin	7.26%	64.82%
Operating margin	4.38%	13.78%
Net margin	2.87%	12.30%
ROE	78.86%	21.08%
ROIC	17.90%	17.09%

Dividends

Metric	MUSA	ONON
Dividend yield	0.50%	N/A
Payout ratio	7.77%	N/A

Growth (annualized)

Metric	MUSA	ONON
Revenue CAGR (5Y)	9.42%	45.59%
EPS CAGR (5Y)	12.97%	N/A
FCF CAGR (5Y)	16.64%	N/A
Total return CAGR (5Y)	25.49%	-0.20%

Frequently asked

Which has the lower trailing P/E, MUSA or ONON?: MUSA has the lower trailing P/E: MUSA trades at 15.69 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, MUSA or ONON?: Over the past five years, ONON grew revenue faster — MUSA at a 9.42% CAGR versus ONON at 45.59%.
Does MUSA or ONON pay a bigger dividend?: MUSA pays a dividend (0.50% yield), while ONON has no payments in the available dividend history.
Is MUSA or ONON more profitable?: ONON runs the higher net margin — MUSA at 2.87% versus ONON at 12.30%.
How have MUSA and ONON total returns compared?: Over the past 5 years, MUSA delivered 25.49% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MUSA analysis Full ONON analysis Interactive comparison tool

Dig into the metrics

Murphy USA P/E ratio On Holding AG P/E ratio Murphy USA dividend yield Murphy USA ROE On Holding AG ROE Murphy USA operating margin On Holding AG operating margin Murphy USA revenue growth On Holding AG revenue growth Murphy USA free cash flow On Holding AG free cash flow

Murphy USA & On Holding AG appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest FCF Yield Stocks Highest 10-Year Total Return 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.