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ONON logo
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Stock Comparison

MRT vs BIRD vs ONON vs CROX

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
MRT
Marti Technologies, Inc.

Software - Application

TechnologyAMEX • TR
Market Cap$146M
5Y Perf.-82.4%
BIRD
Allbirds, Inc.

Software - Infrastructure

TechnologyNASDAQ • US
Market Cap$31M
5Y Perf.-99.0%
ONON
On Holding AG

Apparel - Retail

Consumer CyclicalNYSE • CH
Market Cap$12.86B
5Y Perf.-3.9%
CROX
Crocs, Inc.

Apparel - Footwear & Accessories

Consumer CyclicalNASDAQ • US
Market Cap$6.24B
5Y Perf.-24.0%

MRT vs BIRD vs ONON vs CROX — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
MRT logoMRT
BIRD logoBIRD
ONON logoONON
CROX logoCROX
IndustrySoftware - ApplicationSoftware - InfrastructureApparel - RetailApparel - Footwear & Accessories
Market Cap$146M$31M$12.86B$6.24B
Revenue (TTM)$35M$143M$3.13B$4.02B
Net Income (TTM)$-53M$-76M$252M$-104M
Gross Margin47.5%37.1%63.9%58.1%
Operating Margin-101.9%-51.0%13.4%21.5%
Forward P/E27.4x9.1x
Total Debt$87M$40M$582M$1.61B
Cash & Equiv.$8M$27M$1.02B$130M

MRT vs BIRD vs ONON vs CROXLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

MRT
BIRD
ONON
CROX
StockNov 21Jun 26Return
Marti Technologies,… (MRT)10017.6-82.4%
Allbirds, Inc. (BIRD)1001.0-99.0%
On Holding AG (ONON)10096.1-3.9%
Crocs, Inc. (CROX)10076.0-24.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: MRT vs BIRD vs ONON vs CROX

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: MRT and ONON are tied at the top with 2 categories each — the right choice depends on your priorities. On Holding AG is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. CROX also leads in specific categories worth noting. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
MRT
Marti Technologies, Inc.
The Income Pick

MRT has the current edge in this matchup, primarily because of its strength in income & stability and growth exposure.

  • Dividend streak 0 yrs, beta 0.62
  • Rev growth 110.3%, EPS growth 57.6%, 3Y rev CAGR 16.2%
  • 110.3% revenue growth vs BIRD's -19.7%
  • Beta 0.62 vs BIRD's 1.81
Best for: income & stability and growth exposure
BIRD
Allbirds, Inc.
The Secondary Option

BIRD lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: technology exposure
ONON
On Holding AG
The Defensive Pick

ONON is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.

  • Lower volatility, beta 1.53, Low D/E 35.6%, current ratio 2.71x
  • Beta 1.53, current ratio 2.71x
  • 8.1% margin vs MRT's -151.1%
  • 9.1% ROA vs MRT's -264.1%, ROIC 26.9% vs -147.7%
Best for: sleep-well-at-night and defensive
CROX
Crocs, Inc.
The Long-Run Compounder

CROX is the clearest fit if your priority is long-term compounding.

  • 10.9% 10Y total return vs ONON's 10.2%
  • Lower P/E (9.1x vs 27.4x)
  • +20.3% vs BIRD's -69.0%
Best for: long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthMRT logoMRT110.3% revenue growth vs BIRD's -19.7%
ValueCROX logoCROXLower P/E (9.1x vs 27.4x)
Quality / MarginsONON logoONON8.1% margin vs MRT's -151.1%
Stability / SafetyMRT logoMRTBeta 0.62 vs BIRD's 1.81
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)CROX logoCROX+20.3% vs BIRD's -69.0%
Efficiency (ROA)ONON logoONON9.1% ROA vs MRT's -264.1%, ROIC 26.9% vs -147.7%

MRT vs BIRD vs ONON vs CROX — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

MRTMarti Technologies, Inc.
FY 2025
Other Member
50.3%$298,798
Fuel
32.5%$192,849
Electricity
17.2%$102,030
BIRDAllbirds, Inc.
FY 2025
Reportable Segment
100.0%$152M
ONONOn Holding AG
FY 2025
Shoes
93.0%$2.8B
Apparel
5.6%$170M
Accessories
1.3%$40M
CROXCrocs, Inc.
FY 2025
Crocs Brand Segment
82.3%$3.3B
HEYDUDE Brand Segment
17.7%$715M

MRT vs BIRD vs ONON vs CROX — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLONONLAGGINGBIRD

Income & Cash Flow (Last 12 Months)

ONON leads this category, winning 3 of 6 comparable metrics.

CROX is the larger business by revenue, generating $4.0B annually — 115.4x MRT's $35M. ONON is the more profitable business, keeping 8.1% of every revenue dollar as net income compared to MRT's -151.1%. On growth, MRT holds the edge at +115.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricMRT logoMRTMarti Technologie…BIRD logoBIRDAllbirds, Inc.ONON logoONONOn Holding AGCROX logoCROXCrocs, Inc.
RevenueTrailing 12 months$35M$143M$3.1B$4.0B
EBITDAEarnings before interest/tax-$31M-$65M$555M$946M
Net IncomeAfter-tax profit-$53M-$76M$252M-$104M
Free Cash FlowCash after capex-$18M-$42M$307M$671M
Gross MarginGross profit ÷ Revenue+47.5%+37.1%+63.9%+58.1%
Operating MarginEBIT ÷ Revenue-101.9%-51.0%+13.4%+21.5%
Net MarginNet income ÷ Revenue-151.1%-53.4%+8.1%-2.6%
FCF MarginFCF ÷ Revenue-53.0%-29.3%+9.8%+16.7%
Rev. Growth (YoY)Latest quarter vs prior year+115.4%-30.5%+17.0%-1.7%
EPS Growth (YoY)Latest quarter vs prior year+33.6%+12.5%+82.4%-4.2%
ONON leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

CROX leads this category, winning 4 of 6 comparable metrics.

On an enterprise value basis, CROX's 8.0x EV/EBITDA is more attractive than ONON's 20.4x.

MetricMRT logoMRTMarti Technologie…BIRD logoBIRDAllbirds, Inc.ONON logoONONOn Holding AGCROX logoCROXCrocs, Inc.
Market CapShares × price$146M$31M$12.9B$6.2B
Enterprise ValueMkt cap + debt − cash$225M$43M$12.3B$7.7B
Trailing P/EPrice ÷ TTM EPS-3.21x-0.39x53.00x-83.14x
Forward P/EPrice ÷ next-FY EPS est.27.43x9.13x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple20.35x7.99x
Price / SalesMarket cap ÷ Revenue3.73x0.20x3.56x1.54x
Price / BookPrice ÷ Book value/share0.83x6.28x5.23x
Price / FCFMarket cap ÷ FCF40.47x9.47x
CROX leads this category, winning 4 of 6 comparable metrics.

Profitability & Efficiency

ONON leads this category, winning 6 of 9 comparable metrics.

ONON delivers a 15.9% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $-174 for BIRD. ONON carries lower financial leverage with a 0.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to CROX's 1.25x. On the Piotroski fundamental quality scale (0–9), ONON scores 7/9 vs BIRD's 2/9, reflecting strong financial health.

MetricMRT logoMRTMarti Technologie…BIRD logoBIRDAllbirds, Inc.ONON logoONONOn Holding AGCROX logoCROXCrocs, Inc.
ROE (TTM)Return on equity-173.5%+15.9%-7.5%
ROA (TTM)Return on assets-2.6%-67.5%+9.1%-2.4%
ROICReturn on invested capital-147.7%-82.0%+26.9%+21.7%
ROCEReturn on capital employed-138.0%-70.5%+18.8%+23.5%
Piotroski ScoreFundamental quality 0–95275
Debt / EquityFinancial leverage1.10x0.36x1.25x
Net DebtTotal debt minus cash$79M$13M-$439M$1.5B
Cash & Equiv.Liquid assets$8M$27M$1.0B$130M
Total DebtShort + long-term debt$87M$40M$582M$1.6B
Interest CoverageEBIT ÷ Interest expense-2.71x-32.09x9.16x10.07x
ONON leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

CROX leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in CROX five years ago would be worth $11,077 today (with dividends reinvested), compared to $63 for BIRD. Over the past 12 months, CROX leads with a +20.3% total return vs BIRD's -69.0%. The 3-year compound annual growth rate (CAGR) favors ONON at 8.1% vs BIRD's -47.6% — a key indicator of consistent wealth creation.

MetricMRT logoMRTMarti Technologie…BIRD logoBIRDAllbirds, Inc.ONON logoONONOn Holding AGCROX logoCROXCrocs, Inc.
YTD ReturnYear-to-date-26.7%-11.2%-17.8%+43.4%
1-Year ReturnPast 12 months-37.5%-69.0%-30.8%+20.3%
3-Year ReturnCumulative with dividends-83.9%-85.6%+26.2%+7.9%
5-Year ReturnCumulative with dividends-82.5%-99.4%+10.2%+10.8%
10-Year ReturnCumulative with dividends-63.0%-99.4%+10.2%+1086.6%
CAGR (3Y)Annualised 3-year return-45.5%-47.6%+8.1%+2.6%
CROX leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — MRT and CROX each lead in 1 of 2 comparable metrics.

MRT is the less volatile stock with a 0.62 beta — it tends to amplify market swings less than BIRD's 1.81 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CROX currently trades 96.3% from its 52-week high vs BIRD's 15.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricMRT logoMRTMarti Technologie…BIRD logoBIRDAllbirds, Inc.ONON logoONONOn Holding AGCROX logoCROXCrocs, Inc.
Beta (5Y)Sensitivity to S&P 5000.62x1.81x1.53x1.09x
52-Week HighHighest price in past year$3.15$24.31$56.82$129.45
52-Week LowLowest price in past year$1.55$2.15$31.41$73.21
% of 52W HighCurrent price vs 52-week peak+54.0%+15.1%+67.9%+96.3%
RSI (14)Momentum oscillator 0–10038.142.257.667.6
Avg Volume (50D)Average daily shares traded25K7.4M5.8M1.2M
Evenly matched — MRT and CROX each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: MRT as "Hold", ONON as "Buy", CROX as "Buy". Consensus price targets imply 88.2% upside for MRT (target: $3) vs -6.9% for CROX (target: $116).

MetricMRT logoMRTMarti Technologie…BIRD logoBIRDAllbirds, Inc.ONON logoONONOn Holding AGCROX logoCROXCrocs, Inc.
Analyst RatingConsensus buy/hold/sellHoldBuyBuy
Price TargetConsensus 12-month target$3.20$54.36$116.11
# AnalystsCovering analysts12637
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises00
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+0.3%0.0%0.0%+9.4%
Insufficient data to determine a leader in this category.
Key Takeaway

ONON leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CROX leads in 2 (Valuation Metrics, Total Returns). 1 tied.

Best OverallOn Holding AG (ONON)Leads 2 of 6 categories
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MRT vs BIRD vs ONON vs CROX: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is MRT or BIRD or ONON or CROX a better buy right now?

For growth investors, Marti Technologies, Inc.

(MRT) is the stronger pick with 110. 3% revenue growth year-over-year, versus -19. 7% for Allbirds, Inc. (BIRD). On Holding AG (ONON) offers the better valuation at 53. 0x trailing P/E (27. 4x forward), making it the more compelling value choice. Analysts rate On Holding AG (ONON) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — MRT or BIRD or ONON or CROX?

On forward P/E, Crocs, Inc.

is actually cheaper at 9. 1x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — MRT or BIRD or ONON or CROX?

Over the past 5 years, Crocs, Inc.

(CROX) delivered a total return of +10. 8%, compared to -99. 4% for Allbirds, Inc. (BIRD). Over 10 years, the gap is even starker: CROX returned +1087% versus BIRD's -99. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — MRT or BIRD or ONON or CROX?

By beta (market sensitivity over 5 years), Marti Technologies, Inc.

(MRT) is the lower-risk stock at 0. 62β versus Allbirds, Inc. 's 1. 81β — meaning BIRD is approximately 193% more volatile than MRT relative to the S&P 500. On balance sheet safety, On Holding AG (ONON) carries a lower debt/equity ratio of 36% versus 125% for Crocs, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — MRT or BIRD or ONON or CROX?

By revenue growth (latest reported year), Marti Technologies, Inc.

(MRT) is pulling ahead at 110. 3% versus -19. 7% for Allbirds, Inc. (BIRD). On earnings-per-share growth, the picture is similar: Marti Technologies, Inc. grew EPS 57. 6% year-over-year, compared to -109. 4% for Crocs, Inc.. Over a 3-year CAGR, ONON leads at 33. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — MRT or BIRD or ONON or CROX?

On Holding AG (ONON) is the more profitable company, earning 6.

8% net margin versus -105. 6% for Marti Technologies, Inc. — meaning it keeps 6. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CROX leads at 22. 0% versus -51. 0% for MRT. At the gross margin level — before operating expenses — ONON leads at 62. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is MRT or BIRD or ONON or CROX more undervalued right now?

On forward earnings alone, Crocs, Inc.

(CROX) trades at 9. 1x forward P/E versus 27. 4x for On Holding AG — 18. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MRT: 88. 2% to $3. 20.

08

Which pays a better dividend — MRT or BIRD or ONON or CROX?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

09

Is MRT or BIRD or ONON or CROX better for a retirement portfolio?

For long-horizon retirement investors, Crocs, Inc.

(CROX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 09), +1087% 10Y return). Allbirds, Inc. (BIRD) carries a higher beta of 1. 81 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CROX: +1087%, BIRD: -99. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between MRT and BIRD and ONON and CROX?

These companies operate in different sectors (MRT (Technology) and BIRD (Technology) and ONON (Consumer Cyclical) and CROX (Consumer Cyclical)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: MRT is a small-cap high-growth stock; BIRD is a small-cap quality compounder stock; ONON is a mid-cap high-growth stock; CROX is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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