The Morningstar Switzerland Index rose 17.82% in 2025 amid a rally in the consumer cyclical sector. The Switzerland index tracks the performance of the top 97% of the Swiss investable universe by market cap, and each year we screen from among the stocks in this index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.
The Best-Performing Swiss Stocks of 2025
- Huber+Suhner HUBN
- Montana Aerospace AERO
- Cosmo Pharmaceuticals COPN
- Jungfraubahnen Management JFN
- Galderma GALD
The Worst-Performing Swiss Stocks of 2025
Metrics for the Best-Performing Swiss Stocks
Huber+Suhner HUBN
- Sector: Technology
- Industry: Communication Equipment
- Economic Moat: Not Rated
Huber+Suhner fell 0.96% in December, however, shares were still up 100.91% for the past year. The company’s stock has a quantitative Morningstar Rating of 2 stars.
Montana Aerospace AERO
- Sector: Industrials
- Industry: Aerospace & Defense
- Economic Moat: Not Rated
Montana Aerospace jumped 14.34% in December, leaving the stock up 97.63% for the past year. Shares were 13.32% below their last high on Nov. 3, 2025. The company’s stock has a quantitative Morningstar Rating of 2 stars.
Cosmo Pharmaceuticals COPN
- Sector: Healthcare
- Industry: Drug Manufacturers - General
- Economic Moat: Not Rated
Cosmo Pharmaceuticals soared 69.13% in December, leaving the stock up 70.92% for the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Jungfraubahnen Management JFN
- Sector: Industrials
- Industry: Railroads
- Economic Moat: Not Rated
Jungfraubahnen Management leapt 10.00% in December, leaving shares up 70.88% for the past year. Jungfraubahnen Management has a quantitative Morningstar Rating of 2 stars.
Galderma GALD
- Sector: Healthcare
- Industry: Drug Manufacturers - Specialty & Generic
- Economic Moat: Narrow
Galderma rose 1.31% in December, leaving the stock up 61.33% for the past year. The company’s stock has a Morningstar Rating of 1 stars, trading at a 43% premium to its fair value estimate of CHF 113.00.
Metrics for the Worst-Performing Swiss Stocks
Lem Europe LEHN
- Sector: Technology
- Industry: Electronic Components
- Economic Moat: Not Rated
Lem Europe fell 7.81% in December, leaving the stock down 60.19% for the past year. Shares were 68.95% lower than their last high on Feb. 14, 2025. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Tecan Trading TECN
- Sector: Healthcare
- Industry: Medical Instruments & Supplies
- Economic Moat: Not Rated
Tecan Trading decreased 7.15% in December, leaving shares down 35.26% for the past year. Stocks in the company were 48.19% below the last high on Jan. 28, 2025. Tecan Trading has a quantitative Morningstar Rating of 3 stars.
SIG Group SIGN
- Sector: Consumer Cyclical
- Industry: Packaging & Containers
- Economic Moat: Not Rated
SIG Group jumped 16.49% in December, but was still down 34.49% over the past year. Shares were 45.59% below their last high on Feb. 21, 2025. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Skan SKAN
- Sector: Healthcare
- Industry: Medical Instruments & Supplies
- Economic Moat: Not Rated
Skan gained 7.21% in December, but over the past year, shares were down 30.30%. Stocks in the company were 34.73% below the last high on Jan. 22, 2025. Skan has a quantitative Morningstar Rating of 3 stars.
Sonova SOON
- Sector: Healthcare
- Industry: Medical Devices
- Economic Moat: Narrow
Sonova rose 3.50% in December, but was still down 28.88% over the past year. Shares were 36.41% below their last high on Jan. 28, 2025. The company’s stock has a Morningstar Rating of 4 stars, trading at a 16% discount to its fair value estimate of CHF 247.00.
Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.
