White Bear Studio/iStock via Getty Images In the world of consumer apparel, there's no doubt that Nike ( NKE ) is currently the king . The company, which is worth roughly $146 billion in market cap (as of last close), did more than $50 billion in sales and $5 billion in profit over the last twelve months, which puts it in a class of its own: TradingView On a revenue basis, this industry megalith is roughly 5x larger than its closest competitor, V.F.
Corp ( VFC ), and on a profit basis, NKE is more than 3x the size of closest competitor Lululemon ( LULU ). However, over the last few years, a new player has come onto the scene: ON Holding ( NYSE: ONON ). This new challenger is only a fraction of the size of NKE in terms of financial results, but it's currently trading as the fifth-largest company in the space.
This is well ahead of other industry staples like Ralph Lauren ( RL ), Skechers ( SKX ), and Under Armor ( UA ). Why the rich multiple? In short - growth. ONON's recent meteoric growth has been nothing short of astounding.
The brand's products continue to garner rave reviews across the board, and the marketing team continues to notch wins with new celebrity endorsements and tremendous word of mouth buzz, powering significant expansion YoY: On Overall, it's impossible to deny the brand's momentum. The real question is whether or not the company can sustain its popularity to become a long-term fixture in the consumer apparel space. While many, many brands have flash-in-the-.
