CROX · Crocs, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.04B | $4.10B | $3.96B | $3.55B | $2.31B | $1.39B |
| Cost of Revenue | $1.68B | $1.69B | $1.75B | $1.69B | $893.20M | $636.00M |
| Gross Profit | $2.36B | $2.41B | $2.21B | $1.86B | $1.42B | $749.95M |
| R&D | $29.60M | $25.60M | $18.70M | - | $13.70M | $10.20M |
| SG&A | $1.47B | $1.39B | $1.16B | $1.01B | $737.16M | $514.75M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $79.28M | $69.84M | $54.30M | $39.23M | $31.98M | $27.62M |
| Operating Income | $149.51M | $1.02B | $1.04B | $850.76M | $683.06M | $214.12M |
| Interest Expense | $88.29M | $109.26M | $161.35M | $136.16M | $21.65M | $6.74M |
| Income Tax | $154.18M | ($39.49M) | $83.71M | $178.35M | ($61.84M) | ($105.88M) |
| Net Income | ($81.20M) | $950.07M | $792.57M | $540.16M | $725.69M | $312.86M |
| EPS - Basic | ($1.50) | $16.00 | $12.91 | $8.82 | $11.62 | $4.64 |
| EPS - Diluted | ($1.50) | $15.88 | $12.79 | $8.71 | $11.39 | $4.56 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $130.35M | $180.49M | $149.29M | $191.63M | $213.20M | $135.80M |
| Accounts Receivable | $278.19M | $257.66M | $305.75M | $295.59M | $182.63M | $149.85M |
| Inventory | $368.69M | $356.25M | $385.05M | $471.55M | $213.52M | $175.12M |
| Accounts Payable | $266.09M | $264.90M | $260.98M | $230.82M | $162.15M | $112.78M |
| Current Assets | $885.88M | $872.27M | $910.70M | $1.03B | $666.57M | $492.84M |
| Total Assets | $4.17B | $4.81B | $4.64B | $4.50B | $1.55B | $1.12B |
| Current Liabilities | $700.13M | $740.21M | $698.30M | $641.27M | $388.24M | $291.58M |
| Long-term Debt | $1.23B | $1.35B | $1.64B | $2.30B | $771.39M | $180.00M |
| Total Liabilities | $2.88B | $2.98B | $3.19B | $3.68B | $1.53B | $828.09M |
| Stockholders' Equity | $1.29B | $1.84B | $1.45B | $817.93M | $14.08M | $290.63M |
| Retained Earnings | $3.48B | $3.56B | $2.61B | $1.82B | $1.28B | $553.35M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $710.43M | $992.49M | $930.44M | $603.14M | $567.16M | $266.90M |
| Investing Cash Flow | ($51.23M) | ($69.35M) | ($115.67M) | ($2.15B) | ($55.92M) | ($41.76M) |
| Financing Cash Flow | ($714.57M) | ($886.05M) | ($859.64M) | $1.53B | ($429.64M) | ($198.04M) |
| CapEx | $51.23M | $69.35M | $115.63M | $104.19M | $55.92M | $42.03M |
| Free Cash Flow | $659.20M | $923.14M | $814.82M | $498.95M | $511.25M | $224.87M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 58.3% | 58.8% | 55.8% | 52.3% | 61.4% | 54.1% |
| Operating margin | 3.7% | 24.9% | 26.2% | 23.9% | 29.5% | 15.4% |
| EBITDA margin | 5.7% | 26.6% | 27.5% | 25.0% | 30.9% | 17.4% |
| Net margin | -2.0% | 23.2% | 20.0% | 15.2% | 31.4% | 22.6% |
| Free cash flow margin | 16.3% | 22.5% | 20.6% | 14.0% | 22.1% | 16.2% |
| FCF / Net income | -8.12 | 0.97 | 1.03 | 0.92 | 0.70 | 0.72 |
| R&D / Revenue | 0.7% | 0.6% | 0.5% | - | 0.6% | 0.7% |
| SG&A / Revenue | 36.4% | 33.8% | 29.4% | 28.4% | 31.9% | 37.1% |
| Effective tax rate | 211.3% | -4.3% | 9.6% | 24.8% | -9.3% | -51.2% |
| Return on assets | -1.9% | 19.7% | 17.1% | 12.0% | 47.0% | 28.0% |
| Return on equity | -6.3% | 51.8% | 54.5% | 66.0% | 5153.3% | 107.6% |
| Return on invested capital | 3.0% | 32.1% | 30.3% | 20.5% | 87.0% | 45.5% |
| Liquidity | ||||||
| Current ratio | 1.27 | 1.18 | 1.30 | 1.60 | 1.72 | 1.69 |
| Quick ratio | 0.74 | 0.70 | 0.75 | 0.86 | 1.17 | 1.09 |
| Cash ratio | 0.19 | 0.24 | 0.21 | 0.30 | 0.55 | 0.47 |
| Leverage | ||||||
| Debt / Equity | 0.95 | 0.74 | 1.13 | 2.81 | 54.78 | 0.62 |
| Debt / Assets | 0.29 | 0.28 | 0.35 | 0.51 | 0.50 | 0.16 |
| Debt / EBITDA | 5.38 | 1.24 | 1.50 | 2.58 | 1.08 | 0.74 |
| Interest coverage | 1.7x | 9.4x | 6.4x | 6.2x | 31.6x | 31.8x |
| Equity multiplier | 3.23 | 2.62 | 3.19 | 5.50 | 109.72 | 3.85 |
| Liabilities / Assets | 0.69 | 0.62 | 0.69 | 0.82 | 0.99 | 0.74 |
| Efficiency | ||||||
| Asset turnover | 0.97 | 0.85 | 0.85 | 0.79 | 1.50 | 1.24 |
| Inventory turnover | 4.57 | 4.75 | 4.55 | 3.59 | 4.18 | 3.63 |
| Days sales outstanding | 25d | 23d | 28d | 30d | 29d | 39d |
| Days inventory outstanding | 80d | 77d | 80d | 102d | 87d | 101d |
| Days payable outstanding | 58d | 57d | 54d | 50d | 66d | 65d |
| Cash conversion cycle | 47d | 43d | 54d | 82d | 50d | 75d |
| Valuation | ||||||
| P / E | - | 6.9x | 7.3x | 12.4x | 11.3x | 13.7x |
| P / B | 3.6x | 3.6x | 4.0x | 8.2x | 580.2x | 14.8x |
| P / S | 1.1x | 1.6x | 1.5x | 1.9x | 3.5x | 3.1x |
| EV / EBITDA | 25.1x | 7.1x | 6.7x | 9.9x | 12.2x | 17.9x |
| Growth | ||||||
| Revenue growth (YoY) | -1.5% | 3.5% | 11.5% | 53.7% | 66.9% | 12.6% |
| Revenue CAGR (3y) | 4.4% | 21.0% | 41.9% | 42.4% | 30.7% | 10.6% |
| Revenue CAGR (5y) | 23.9% | 27.2% | 30.8% | 28.3% | 17.4% | 4.9% |
| Gross profit growth (YoY) | -2.2% | 9.1% | 18.8% | 31.0% | 89.4% | 21.5% |
| Operating income growth (YoY) | -85.4% | -1.4% | 21.9% | 24.5% | 219.0% | 66.4% |
| Net income growth (YoY) | - | 19.9% | 46.7% | -25.6% | 132.0% | 161.8% |
| EPS growth (YoY) | - | 24.2% | 46.8% | -23.5% | 149.8% | 174.7% |
| EPS CAGR (3y) | - | 11.7% | 41.0% | 73.8% | - | - |
| EPS CAGR (5y) | - | 57.1% | - | - | - | - |
| FCF growth (YoY) | -28.6% | 13.3% | 63.3% | -2.4% | 127.4% | 321.2% |
| FCF CAGR (5y) | 24.0% | 76.8% | 51.5% | 79.7% | 80.7% | - |
| Book value growth (YoY) | -29.5% | 26.3% | 77.8% | 5708.3% | -95.2% | 120.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.66B totalCrocs Brand Segment$3.33B · 90.8%
HEYDUDEBrand Segment$336.32M · 9.2%
Geographic
$5.64B totalUS$2.26B · 40.1%
Non Us$1.78B · 31.6%
International$1.01B · 18.0%
North America$584.68M · 10.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.00
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Rubber & Plastics Footwear
Comparing Crocs against the 3 most active filers in the same SIC group.