Harley-Davidson Inc vs ON Holding AG — how do they compare? Harley-Davidson Inc trades at $28.09 (market cap $2.93B), while ON Holding AG trades at $37.16 (market cap $12.55B). The key difference: ON Holding AG is far larger — about 4.3× Harley-Davidson Inc's market cap, and Harley-Davidson Inc pays a 2.64% dividend while ON Holding AG pays none. Which is the better fit depends on your goals.
| HOG | ONON | |
|---|---|---|
Market Cap | $2.93B | $12.55B |
Sector | Consumer Cyclical | Technology |
52-Week High | $31.03 | $53.21 |
52-Week Low | $17.19 | $31.88 |
Enterprise Value | $3.32B | $11.87B |
Dividend Yield | 2.64% | — |
Signals from Pluang's Aura AI — not financial advice
No Aura AI signal available yet.
ONON trades at $37.65, up 1.21% today, with a bearish technical signal from moving averages but neutral oscillators. The company shows strong profitability with a 63.88% gross margin and has beaten earnings estimates for three consecutive quarters. Revenue reached $3.01B in 2025, with net income of $203.70M. Analyst sentiment is overwhelmingly positive, with 76.92% recommending Buy.
The outlook remains favorable due to consistent earnings beats and projected revenue growth to $3.1B in 2026. Risks include high valuation multiples like a P/E of 40.14 and competitive pressures. The consensus price target of $47.33 suggests 25.7% upside, but investors should monitor execution against growth expectations.
Trailing returns across standard periods
Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, but a level it is working back toward. In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.
Read more on HOG →ON Holding AG is a Swiss sports company primarily known for its high-performance running shoes, apparel, and accessories under the 'On' brand. The company emphasizes a blend of high-end design, proprietary cloud technology (like CloudTec cushioning), and sustainability in its products. On has rapidly gained market share globally, appealing to both competitive athletes and general consumers in the performance and lifestyle footwear segments.
Read more on ONON →