ArcelorMittal SA vs ON Holding AG — how do they compare? ArcelorMittal SA trades at $77.08 (market cap $58.51B), while ON Holding AG trades at $27.1 (market cap $9.11B). The key difference: ArcelorMittal SA is far larger — about 6.4× ON Holding AG's market cap, and ArcelorMittal SA pays a 0.78% dividend while ON Holding AG pays none. Which is the better fit depends on your goals.
| MT | ONON | |
|---|---|---|
Market Cap | $58.51B | $9.11B |
Sector | Basic Materials | Technology |
52-Week High | $78.74 | $50.63 |
52-Week Low | $34.39 | $26.84 |
Enterprise Value | $68.08B | $8.25B |
Dividend Yield | 0.78% | — |
Signals from Pluang's Aura AI — not financial advice
ArcelorMittal (MT) trades at $77.15, down 2.02% on the day, with a bullish technical signal from moving averages and a neutral RSI. The company reported mixed Q2 2026 earnings, missing EPS estimates but showing year-over-year sales growth. Recent news highlights expansion in steel capacity and strategic partnerships, while facing headwinds from weak Chinese demand and geopolitical risks in Ukraine. Cash flow trends show a narrowing net outflow, improving from 2023 levels.
The outlook is cautiously optimistic, supported by analyst consensus and European demand improvements, but risks from industry cyclicality and input cost pressures remain. Investment appeal hinges on execution of growth initiatives and macroeconomic stability in key markets.
ONON trades at $27.27, down 2.57% on the day, with a bearish technical signal despite recent earnings beats. The stock shows strong fundamentals with a 64.82% gross margin and 12.3% net income margin, while analyst consensus remains optimistic with a $45.67 price target. Recent news highlights robust APAC growth but notes tariff and cost risks.
Outlook is mixed: strong DTC growth and margin expansion support upside, but near-term headwinds include U.S. tariffs and wholesale restraint. The stock's current valuation near support levels may offer entry points for long-term investors despite technical weakness.
Trailing returns across standard periods
Latest headlines on both assets
ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA
Read more on MT →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 →