On Holding AG (ONON) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 23.62M | 106.67M | 157.3M | 101.2M | -12.1M | 168.8M | 158.3M | 102.5M | 81M | 121.4M | 107.4M | 3.9M | -600K | -69.9M | -32.2M | -61.7M | -63.2M | 25.42M | -38.23M | 47.23M |
| Operating CF Margin % | 2.78% | 14.45% | 19.8% | 13.51% | -1.67% | 27.83% | 24.9% | 18.06% | 15.94% | 27.15% | 22.35% | 0.88% | -0.14% | -19.06% | -9.82% | -21.15% | -26.82% | 13.3% | -17.53% | 26.98% |
| Operating CF Growth % | 295.17% | -36.81% | -0.63% | -1.27% | -114.94% | 39.04% | 47.39% | 2528.21% | 13600% | 273.68% | 433.54% | 106.32% | 99.05% | -374.99% | 15.77% | -230.63% | - | 839.78% | - | - |
| Net Income | 105.6M | 68.57M | 118.8M | -40.9M | 56.7M | 89.6M | 30.5M | 30.8M | 91.4M | -26.7M | 58.6M | 3.3M | 44.4M | -26.42M | 20.6M | 49.2M | 14.3M | -186.98M | 12.99M | 14.21M |
| Depreciation & Amortization | 36.39M | 34.24M | 32.2M | 32.4M | 28.3M | 28.7M | 27.4M | 26.4M | 22.1M | 20.4M | 16.5M | 14.2M | 13.8M | 12.72M | 13.7M | 10.7M | 9.3M | 12.02M | 7.71M | 6.35M |
| Stock-Based Compensation | 0 | 0 | 24.5M | 13.6M | 11.6M | 15.1M | 19.5M | 13.1M | 9.8M | 12.5M | 6.3M | 6.2M | 2.3M | 35.62M | 900K | 600K | 1.2M | 170.42M | 2.13M | -5.59M |
| Deferred Taxes | 0 | -73.93M | -200K | -6.4M | 7.2M | 2M | -900K | 11.9M | 24.4M | -18.2M | 10.6M | -10M | 7.1M | 2.01M | 4.1M | 9.1M | 5M | -4.06M | 5.2M | 7.77M |
| Other Non-Cash Items | 3.68M | 106.84M | -4.9M | 112.1M | 7.9M | -32.7M | 31.3M | 4.2M | -75.8M | 78.9M | -29.7M | 39.3M | -9.9M | 38.92M | -4.7M | -54.1M | -16.4M | 17.64M | -570K | -1.09M |
| Working Capital Changes | -122.06M | -29.05M | -13.1M | -9.6M | -123.8M | 66.1M | 50.5M | 16.1M | 9.1M | 54.5M | 45.1M | -49.1M | -58.3M | -132.75M | -66.8M | -77.2M | -76.6M | 16.38M | -65.69M | 25.58M |
| Change in Receivables | -94.56M | 33.98M | -7.8M | 2M | -124.7M | 88.4M | -20.5M | -26.1M | -71.9M | 38.2M | -800K | -22.7M | -61.6M | -3.66M | -21.5M | -24.5M | -28.9M | 4.22M | -20.2M | -9.23M |
| Change in Inventory | 21.67M | -43.02M | -21.3M | -25.8M | 8M | -43.4M | 32.4M | -38.3M | 21.5M | 28.7M | 21.3M | 4.9M | -64.9M | -149.99M | -48.4M | -49.3M | -25.3M | 9.14M | 2.87M | -20.98M |
| Change in Payables | -2.04M | -506.94K | -5.2M | 0 | -3.5M | 36.1M | -14.8M | 56.7M | 26M | -33M | 9M | -39.6M | 19.3M | 53.91M | 13.7M | 1.5M | -3.3M | -4.05M | -25.32M | 43.7M |
| Cash from Investing | -19.12M | -28.44M | -20.6M | -17.3M | -12.1M | -19.7M | -19.2M | -16.9M | -9.1M | -18M | -8.1M | -11.3M | -9.7M | -33.61M | -22M | -11M | -16.3M | -16.09M | -10.56M | -4.27M |
| Capital Expenditures | -19.12M | -28.44M | -18.9M | -16M | -11.3M | -19M | -17.8M | -15.7M | -8M | -16.3M | -7.5M | -10.4M | -8.6M | -16.57M | -20M | -9.6M | -14.1M | -12.61M | -10.56M | -826K |
| CapEx % of Revenue | 2.25% | 3.85% | 2.38% | 2.14% | 1.56% | 3.13% | 2.8% | 2.77% | 1.57% | 3.65% | 1.56% | 2.34% | 2.05% | 4.52% | 6.1% | 3.29% | 5.98% | 6.6% | 4.84% | 0.47% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -1.7M | -1.3M | -800K | -700K | -1.4M | -1.2M | -1.1M | -1.7M | -600K | -900K | -1.1M | -17.04M | -2M | -1.4M | -2.2M | -3.48M | -3K | -3.44M |
| Cash from Financing | -15.23M | -14.24M | -21.3M | -25M | -12M | -15.6M | -14M | -12.7M | -13.1M | -8.2M | -6.9M | -2.9M | -3.8M | -3.71M | -1.2M | 26K | 11.2M | -13.58M | 614.38M | -3.05M |
| Debt Issued (Net) | 0 | 0 | -16.6M | -20.7M | -14M | -13.9M | -13.7M | -12M | -11.7M | -9.3M | -6M | -5.3M | -4.9M | -5.01M | -3.6M | -2.41M | -4.4M | -6.44M | -3.31M | -2.02M |
| Equity Issued (Net) | 817.84K | 4.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 618.19M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -16.05M | -18.52M | -4.7M | -4.3M | 2M | -1.7M | -300K | -700K | -1.4M | 1.1M | -900K | 2.4M | 1.1M | 1.3M | 2.4M | 2.44M | 15.6M | -7.14M | -510K | -1.04M |
| Net Change in Cash | -13.9M | 62.28M | 115.2M | -25.2M | -52.5M | 175.3M | 96.6M | 67.8M | 90M | 62.6M | 94.9M | -24.2M | -9.7M | -121.98M | -64.7M | -42.71M | -52.7M | -19.04M | 565.57M | 39.48M |
| Free Cash Flow | 6.54M | 80.12M | 136.8M | 83.8M | -24.2M | 149M | 139.1M | 85.6M | 71.9M | 103.3M | 99.3M | -7.3M | -10.4M | -103.61M | -54.2M | -71.32M | -79.5M | 9.33M | -48.79M | 42.96M |
| FCF Margin % | 0.77% | 10.85% | 17.22% | 11.19% | -3.33% | 24.56% | 21.88% | 15.08% | 14.15% | 23.1% | 20.67% | -1.64% | -2.48% | -28.25% | -16.52% | -24.45% | -33.73% | 4.88% | -22.38% | 24.54% |
| FCF Growth % | 127.04% | -46.23% | -1.65% | -2.1% | -133.66% | 44.24% | 40.08% | 1272.6% | 791.35% | 199.7% | 283.21% | 89.76% | 86.92% | -1210.4% | -11.08% | -266.02% | - | 192.29% | - | - |
| FCF per Share | 0.02 | 0.24 | 0.41 | 0.25 | -0.07 | 0.44 | 0.41 | 0.26 | 0.22 | 0.32 | 0.31 | -0.02 | -0.03 | -0.33 | -0.16 | -0.23 | -0.28 | 0.03 | -0.15 | 0.14 |
| FCF Conversion (FCF/Net Income) | 0.22x | 1.56x | 1.32x | -2.47x | -0.21x | 1.88x | 5.19x | 3.33x | 0.89x | -4.55x | 1.83x | 1.18x | -0.01x | 2.65x | -1.56x | -1.26x | -4.41x | -0.14x | -2.94x | 3.32x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |