Marqeta Inc vs ON Holding AG — how do they compare? Marqeta Inc trades at $17.22 (market cap $1.85B), while ON Holding AG trades at $37.31 (market cap $12.55B). The key difference: ON Holding AG is far larger — about 6.8× Marqeta Inc's market cap. Which is the better fit depends on your goals.
| MQ | ONON | |
|---|---|---|
Market Cap | $1.85B | $12.55B |
Sector | Technology | Technology |
52-Week High | $27.32 | $53.21 |
52-Week Low | $15.04 | $31.88 |
Enterprise Value | $1.15B | $11.87B |
Trailing returns across standard periods
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Read more on MQ →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 →