Sifting through countless of stocks in the Textiles, Apparel & Luxury Goods industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in FIGS, Inc. or On Holding AG because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how FIGS, Inc. and On Holding AG compare based on key financial metrics to determine which better meets your investment needs.

About FIGS, Inc. and On Holding AG

FIGS, Inc., together with its subsidiary, FIGS Canada, Inc., operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. The company designs and sells scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel. It also offers sports apparel, performance leggings and tops, super-soft pima cotton tops, vests, fleeces, and jackets; and necessities comprising scrub caps, lanyards, badge reels, bags, baseball caps, and beanies. The company markets and sells its products to healthcare professionals through its direct-to-consumer digital platform comprising website, mobile app, and B2B business, as well as retail stores. FIGS, Inc. was incorporated in 2013 and is headquartered in Santa Monica, California.

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Latest Textiles, Apparel & Luxury Goods and FIGS, Inc., On Holding AG Stock News

As of August 21, 2026, FIGS, Inc. had a $2.4 billion market capitalization, compared to the Textiles, Apparel & Luxury Goods median of $3.0 million. FIGS, Inc.’s stock is up 29.2% in 2026, down 0.1% in the previous five trading days and up 105.6% in the past year.

Currently, FIGS, Inc.’s price-earnings ratio is 44.9. FIGS, Inc.’s trailing 12-month revenue is $710.1 million with a 8.7% net profit margin. Year-over-year quarterly sales growth most recently was 28.8%. Analysts expect adjusted earnings to reach $0.355 per share for the current fiscal year. FIGS, Inc. does not currently pay a dividend.

As of August 21, 2026, On Holding AG had a $10.0 billion market cap, putting it in the 77th percentile of all stocks. On Holding AG’s stock is down 35.4% in 2026, down 6.8% in the previous five trading days and down 33.64% in the past year.

Currently, On Holding AG’s price-earnings ratio is 20.5. On Holding AG’s trailing 12-month revenue is $4.0 billion with a 12.3% net profit margin. Year-over-year quarterly sales growth most recently was 66.6%. Analysts expect adjusted earnings to reach $1.760 per share for the current fiscal year. On Holding AG does not currently pay a dividend.

How We Compare FIGS, Inc. and On Holding AG Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at FIGS, Inc. and On Holding AG’s stock grades to see how they measure up against one another.

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FIGS, Inc. and On Holding AG Growth Grades

Company	Ticker	Growth
FIGS, Inc.	FIGS	D
On Holding AG	ONON	D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

FIGS, Inc. has a Growth Score of 40, which is Weak. On Holding AG has a Growth Score of 40, which is Weak.

The Growth Stock Winner: No Clear Winner

Neither FIGS, Inc. or On Holding AG has a high enough Growth Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if FIGS, Inc. or On Holding AG is the better investment when it comes to sustainable growth.

FIGS, Inc. and On Holding AG’s Momentum Grades

Company	Ticker	Momentum
FIGS, Inc.	FIGS	A
On Holding AG	ONON	F

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

FIGS, Inc. has a Momentum Score of 87, which is Very Strong. On Holding AG has a Momentum Score of 15, which is Very Weak.

The Momentum Grade Winner: FIGS, Inc.

As you can clearly see from the Momentum Grade breakdown above, FIGS, Inc. is considered to have stronger momentum compared to On Holding AG. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, FIGS, Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

FIGS, Inc. and On Holding AG’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
FIGS, Inc.	FIGS	A
On Holding AG	ONON	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

FIGS, Inc. has a Earnings Estimate Score of 87, which is Very Positive. On Holding AG has a Earnings Estimate Score of 51, which is Neutral.

The Earnings Estimate Revisions Grade Winner: FIGS, Inc.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, FIGS, Inc. has a better Earnings Estimate Revisions Grade than On Holding AG. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, FIGS, Inc. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other FIGS, Inc. and On Holding AG Grades

In addition to Growth, Estimate Revisions and Momentum, A+ Investor also provides grades for Value and Quality.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether FIGS, Inc. and On Holding AG pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, FIGS, Inc. or On Holding AG Stock?

Overall, FIGS, Inc. stock has a Growth Score of 40, Momentum Score of 87 and Estimate Revisions Score of 87.

On Holding AG stock has a Growth Score of 40, Momentum Score of 15 and Estimate Revisions Score of 51.

Comparing FIGS, Inc. and On Holding AG’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.