ON Holding AG vs Toast Inc. Class A Common Stock — how do they compare? ON Holding AG trades at $35.43 (market cap $11.86B), while Toast Inc. Class A Common Stock trades at $29.96 (market cap $17.25B). The key difference: Toast Inc. Class A Common Stock is the larger of the two by market cap, and Toast Inc. Class A Common Stock is more actively traded (10,274,535 versus 10,043,743). Which is the better fit depends on your goals — on Pluang, investors hold ON Holding AG for 24 Days and Toast Inc. Class A Common Stock for 0 Days on average.
| ONON | TOST | |
|---|---|---|
Market Cap | $11.86B | $17.25B |
Volume | 10,043,743 | 10,274,535 |
Sector | Consumer Cyclical | Technology |
52-Week High | $50.63 | $39.02 |
52-Week Low | $26.76 | $22.33 |
Typical Hold Time | 24 Days | 0 Days |
Enterprise Value | $11.03B | $15.50B |
Signals from Pluang's Aura AI — not financial advice
ONON trades at $35.49, up 0.4% on the day, with a bullish technical signal from moving averages but overbought RSI readings. The company reported strong Q2 2026 earnings, beating estimates with EPS of $0.44, and announced a $1 billion share buyback program through 2029 alongside ambitious long-term growth targets. Revenue for 2025 was $3.01 billion with a net income margin of 12.3% and robust cash flow from operations of $359.5 million.
The outlook is positive, driven by earnings momentum, strategic expansion, and shareholder returns, but risks include high valuation multiples and competitive pressures. Analyst consensus is strongly bullish with a $42.26 price target, suggesting potential upside from current levels.
Toast (TOST) trades at $30.89, down 1.37% on the day, with neutral technical indicators showing support at $30 and resistance at $32. The company demonstrates strong fundamental performance with 23% revenue growth in Q2 2026 to $1.91B and expanding profit margins, though valuation metrics remain elevated with a P/E of 39.1. Recent expansion into convenience stores with Toast Fuel and AI-driven product enhancements signal continued growth initiatives.
The outlook remains positive with 61.8% analyst buy ratings and a $38.22 consensus price target representing 24% upside potential. Key risks include execution challenges in new market segments and competitive pressures in the restaurant technology space, while strong earnings beats and institutional support provide confidence in the growth trajectory.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
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 →Toast Inc. provides a cloud-based technology platform for the restaurant industry, combining point-of-sale hardware and software with payment processing, online ordering, payroll, and supplier management tools. The platform serves restaurants ranging from single locations to multi-unit groups across US.
Read more on TOST →