Founder led companies can stand out when global signals are mixed, from moderating inflation in some regions to persistent price pressures and cautious central banks in others. When a founder still runs the business, incentives tend to be clearer and decision making often stays focused on long term outcomes, even as PMIs, yields and trade data keep shifting. This Founder Led Companies screener is designed to surface stocks where leadership is personally invested in the legacy being built. Ahead, explore three stocks from this screener that fit this theme in the current market backdrop.

On Holding (ONON)

Overview: On Holding is a Zurich based sportswear company that designs and sells premium athletic footwear, apparel, and accessories under the On brand for runners, outdoor athletes, everyday wearers, and younger consumers. It reaches customers through both wholesale partners and its own stores and e-commerce platform across Europe, the US, Asia-Pacific, and other regions.

Operations: On Holding generates essentially all of its CHF 3.1b revenue from athletic footwear, with CHF 564.5m reported in Asia-Pacific and a large segment adjustment of CHF 2.6b reflecting the bulk of sales in other regions.

Market Cap: CHF 12.2b

On Holding stands out in this founder led group because the same team that built the brand is still pushing hard into direct to consumer and e-commerce. Analysts often link this approach to higher margins and tighter control over pricing and customer data. The company is also broadening from running shoes into apparel and new sports, with recent commentary around football and a growing mix of franchises contributing more than 5% of revenue each. At the same time, investors may want to weigh premium pricing, heavy marketing spend, and rapid international expansion against the risk that demand cools or costs stay high. The stock currently trades below some estimated fair value and analyst targets, which is leading some investors to look more closely at On Holding’s growth, profitability path, and funding structure.

On Holding’s push into premium direct to consumer and new sports categories has investors asking what the market might be missing about its growth path. Start with the analyst forecasts for On Holding to see how that story could shift from here with analyst forecasts for On Holding.

SharonAI Holdings (SHAZ)

Overview: SharonAI Holdings is a New York based computing company that provides accelerated compute platforms, AI infrastructure, and cloud GPU environments for AI labs, hyperscalers, research institutions, and regulated industries, combining its own data centers with deployments inside partner facilities.

Operations: SharonAI Holdings currently generates about US$1.5m of revenue from High Performance Compute Services in the United States.

Market Cap: US$1.6b

SharonAI Holdings is attracting attention because it sits at the heart of high end AI infrastructure, with a six year collaboration with NVIDIA targeting up to 40,000 Grace Blackwell GPUs in Australia and a US$1.6b financing package to help fund that build out. Forecast revenue growth of around 92.9% a year and analyst expectations for upside in the stock price are set against a very early stage financial profile, including minimal current revenue, a recent quarterly loss of around US$19.9m, and forecasts that it will stay unprofitable for several years. Heavy reliance on external funding, a high P/B ratio, and a relatively inexperienced management team make this a high risk, high potential story that some investors may wish to study in more depth before forming a view.

SharonAI Holdings is racing to scale high end AI infrastructure, yet its early stage revenue and losses leave big questions about how that story lines up with expectations. See how analysts frame that risk reward balance in the analyst forecasts for SharonAI Holdings

Circle Internet Group (CRCL)

Overview: Circle Internet Group runs the infrastructure behind USDC and other asset backed tokens, giving businesses a way to move dollars and other assets on public blockchains for payments, savings, and trading without touching traditional bank rails. Its platform combines a regulated stablecoin issuer with tools for developers and institutions to plug stablecoins into apps, payment flows, and multi chain networks.

Operations: Circle Internet Group currently generates about US$2.9b in revenue from Data Processing services in the United States.

Market Cap: US$16.1b

Circle Internet Group sits at the center of dollar backed stablecoins, with USDC usage linking directly to a simple model of earning yield on cash and short term Treasuries. New products such as Circle Payments Network and global partnerships aim to use that scale to develop a broader payments business. At the same time, the stock has been affected by concerns around new rivals such as Open USD, funding that is entirely from higher risk borrowing, and a share price that has recently lagged the wider US market. With forecast earnings growth ahead of industry averages and fresh regulation in the US and Europe shaping the rules of the game, the key question is whether current volatility is obscuring the longer term opportunity in Circle’s core infrastructure role.

Circle Internet Group sits at the intersection of stablecoin scale, yield on reserves, and new payments products, yet the market debate often stops at headlines. See how the analysis report for Circle Internet Group reframes the real trade off hiding underneath.

The three founder led stocks in this article are only a starting point, as the full screener surfaced 1,442 more companies where leaders are still writing their own legacy through the Founder-Led Companies screener. Use Simply Wall St to identify and analyze the specific catalysts, founder narratives, and capital allocation patterns that matter most so you can focus on the highest conviction ideas.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.