ON Holding AG vs Progressive Corp — how do they compare? ON Holding AG trades at $27.01 (market cap $9.11B), while Progressive Corp trades at $216.26 (market cap $124.88B). The key difference: Progressive Corp is far larger — about 13.7× ON Holding AG's market cap, and Progressive Corp pays a 0.19% dividend while ON Holding AG pays none. Which is the better fit depends on your goals.
| ONON | PGR | |
|---|---|---|
Market Cap | $9.11B | $124.88B |
Sector | Technology | Financials |
52-Week High | $50.63 | $248.80 |
52-Week Low | $26.84 | $190.40 |
Enterprise Value | $8.25B | $133.09B |
Dividend Yield | — | 0.19% |
Signals from Pluang's Aura AI — not financial advice
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.
Progressive (PGR) trades at $214.90, down 1.85% on the day, with a bearish technical signal and neutral oscillators. The stock shows strong fundamentals with a P/E of 10.78, net income margin of 12.85%, and consistent revenue growth from $49.6B in 2022 to $87.6B in 2025. Recent earnings beat expectations in Q2 2026, but Q1 2026 missed. News highlights competition in auto insurance and institutional buying, while July 2026 earnings declined year-over-year due to expenses.
The outlook is mixed: valuation appears attractive with growth potential, but technical weakness and competitive pressures pose risks. Analyst consensus is a buy with a $231.18 price target, though hold ratings dominate at 52.38%. Key risks include expense management and market volatility, while institutional accumulation supports sentiment.
Trailing returns across standard periods
Latest headlines on both assets
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 →Progressive underwrites private and commercial auto insurance and specialty lines
Read more on PGR →