SKX · Skechers USA 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 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.44B | $2.41B | - | $2.35B | $2.16B | $2.25B | - | $2.02B | $2.01B | $2.00B |
| Cost of Revenue | $1.14B | $1.16B | - | $1.12B | $973.21M | $1.07B | - | $953.04M | $951.99M | $1.02B |
| Gross Profit | $1.30B | $1.25B | - | $1.22B | $1.18B | $1.18B | - | $1.07B | $1.06B | $978.58M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $876.34M | $804.18M | - | $778.46M | $742.04M | $726.34M | - | $680.45M | $655.67M | $626.44M |
| Total Operating Expenses | $1.13B | $989.25M | - | $989.62M | $977.91M | $882.84M | - | $858.74M | $842.79M | $755.00M |
| D&A | - | $57.06M | - | - | - | $49.33M | - | - | - | $41.42M |
| Operating Income | $173.08M | $265.13M | - | $233.42M | $206.53M | $298.80M | - | $213.18M | $217.73M | $223.58M |
| Interest Expense | $9.40M | $6.50M | - | $6.00M | $4.70M | $4.70M | - | $5.70M | $6.00M | $5.10M |
| Income Tax | $35.89M | $64.58M | - | $36.01M | $40.35M | $56.37M | - | $40.20M | $38.94M | $43.22M |
| Net Income | $170.50M | $202.44M | - | $193.22M | $140.30M | $206.62M | - | $145.41M | $152.76M | $160.44M |
| EPS - Basic | $1.14 | $1.35 | - | $1.27 | $0.92 | $1.35 | - | $0.94 | $0.99 | $1.03 |
| EPS - Diluted | $1.13 | $1.34 | - | $1.26 | $0.91 | $1.33 | - | $0.93 | $0.98 | $1.02 |
Balance Sheet
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.38B | $993.09M | $1.12B | $1.35B | $1.28B | $1.02B | $1.19B | $1.10B | $896.51M | $760.04M |
| Accounts Receivable | $1.15B | $1.26B | $990.56M | $1.19B | $1.03B | $1.16B | $860.30M | $929.37M | $940.20M | $1.05B |
| Inventory | $1.87B | $1.77B | $1.92B | - | - | - | $1.53B | - | - | - |
| Accounts Payable | $1.16B | $977.37M | $1.24B | $1.19B | $1.18B | $828.82M | $1.01B | $820.79M | $802.23M | $892.06M |
| Current Assets | $4.85B | $4.47B | $4.45B | $4.70B | $4.25B | $3.93B | $3.95B | $3.77B | $3.67B | $3.71B |
| Total Assets | $9.28B | $8.65B | $8.46B | $8.65B | $7.97B | $7.57B | $7.55B | $7.24B | $7.11B | $7.04B |
| Current Liabilities | $2.32B | $2.10B | $2.26B | $2.40B | $2.06B | $1.64B | $1.66B | $1.49B | $1.48B | $1.54B |
| Long-term Debt | $87.97M | $82.43M | $68.45M | $49.35M | $45.70M | $112.54M | $242.94M | $239.59M | $236.76M | $230.28M |
| Total Liabilities | $3.90B | $3.57B | $3.64B | $3.73B | $3.37B | $3.01B | $3.15B | $2.94B | $2.92B | $3.00B |
| Stockholders' Equity | $4.78B | $4.51B | $4.28B | $4.36B | $4.22B | $4.15B | $4.02B | $3.95B | $3.84B | $3.71B |
| Retained Earnings | $4.81B | $4.64B | $4.44B | $4.34B | $4.14B | $4.00B | $3.80B | $3.71B | $3.56B | $3.41B |
Cash Flow
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($105.64M) | - | - | - | ($37.61M) | - | - | - | $235.12M |
| Investing Cash Flow | - | ($127.00M) | - | - | - | ($92.56M) | - | - | - | ($68.80M) |
| Financing Cash Flow | - | $111.17M | - | - | - | ($43.47M) | - | - | - | ($13.35M) |
| CapEx | - | $147.10M | - | - | - | $57.09M | - | $91.29M | $76.21M | $71.21M |
| Free Cash Flow | - | ($252.74M) | - | - | - | ($94.69M) | - | - | - | $163.91M |
Ratios
| Metric | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 53.3% | 52.0% | - | 52.1% | 54.9% | 52.5% | - | 52.9% | 52.7% | 48.9% |
| Operating margin | 7.1% | 11.0% | - | 9.9% | 9.6% | 13.3% | - | 10.5% | 10.8% | 11.2% |
| EBITDA margin | - | 13.4% | - | - | - | 15.5% | - | - | - | 13.2% |
| Net margin | 7.0% | 8.4% | - | 8.2% | 6.5% | 9.2% | - | 7.2% | 7.6% | 8.0% |
| Free cash flow margin | - | -10.5% | - | - | - | -4.2% | - | - | - | 8.2% |
| FCF / Net income | - | -1.25 | - | - | - | -0.46 | - | - | - | 1.02 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 35.9% | 33.3% | - | 33.2% | 34.4% | 32.3% | - | 33.6% | 32.6% | 31.3% |
| Effective tax rate | 17.4% | 24.2% | - | 15.7% | 22.3% | 21.4% | - | 21.7% | 20.3% | 21.2% |
| Return on assets | 1.8% | 2.3% | - | 2.2% | 1.8% | 2.7% | - | 2.0% | 2.1% | 2.3% |
| Return on equity | 3.6% | 4.5% | - | 4.4% | 3.3% | 5.0% | - | 3.7% | 4.0% | 4.3% |
| Return on invested capital | 2.9% | 4.4% | - | 4.5% | 3.8% | 5.5% | - | 4.0% | 4.3% | 4.5% |
| Liquidity | ||||||||||
| Current ratio | 2.09 | 2.13 | 1.97 | 1.96 | 2.06 | 2.39 | 2.38 | 2.52 | 2.48 | 2.41 |
| Quick ratio | 1.29 | 1.28 | 1.12 | 1.96 | 2.06 | 2.39 | 1.46 | 2.52 | 2.48 | 2.41 |
| Cash ratio | 0.59 | 0.47 | 0.49 | 0.56 | 0.62 | 0.62 | 0.72 | 0.74 | 0.61 | 0.49 |
| Leverage | ||||||||||
| Debt / Equity | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 | 0.06 | 0.06 | 0.06 | 0.06 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 |
| Debt / EBITDA | - | 0.26 | - | - | - | 0.32 | - | - | - | 0.87 |
| Interest coverage | 18.4x | 40.8x | - | 38.9x | 43.9x | 63.6x | - | 37.4x | 36.3x | 43.8x |
| Equity multiplier | 1.94 | 1.92 | 1.98 | 1.98 | 1.89 | 1.83 | 1.88 | 1.83 | 1.85 | 1.90 |
| Liabilities / Assets | 0.42 | 0.41 | 0.43 | 0.43 | 0.42 | 0.40 | 0.42 | 0.41 | 0.41 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | 0.28 | - | 0.27 | 0.27 | 0.30 | - | 0.28 | 0.28 | 0.28 |
| Inventory turnover | 0.61 | 0.65 | - | - | - | - | - | - | - | - |
| Days sales outstanding | 172d | 191d | - | 185d | 174d | 188d | - | 168d | 171d | 192d |
| Days inventory outstanding | 600d | 559d | - | - | - | - | - | - | - | - |
| Days payable outstanding | 372d | 308d | - | 386d | 441d | 283d | - | 314d | 308d | 318d |
| Cash conversion cycle | 400d | 442d | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.1% | 7.1% | - | 15.9% | 7.2% | 12.5% | - | 7.8% | 7.7% | 10.0% |
| Revenue CAGR (3y) | 9.3% | 9.8% | - | 14.8% | 9.2% | 16.4% | - | 15.9% | 40.3% | 17.2% |
| Revenue CAGR (5y) | 27.3% | 14.2% | - | 11.6% | 11.4% | 12.0% | - | 11.5% | - | - |
| Gross profit growth (YoY) | 9.9% | 6.2% | - | 14.1% | 11.7% | 20.7% | - | 21.3% | 18.2% | 18.7% |
| Operating income growth (YoY) | -16.2% | -11.3% | - | 9.5% | -5.1% | 33.6% | - | 64.0% | 41.2% | 27.1% |
| Net income growth (YoY) | 21.5% | -2.0% | - | 32.9% | -8.2% | 28.8% | - | 69.3% | 69.0% | 32.4% |
| EPS growth (YoY) | 24.2% | 0.8% | - | 35.5% | -7.1% | 30.4% | - | 69.1% | 69.0% | 32.5% |
| EPS CAGR (3y) | 24.9% | 20.3% | - | 24.1% | 1.1% | 28.3% | - | 31.4% | - | 47.2% |
| EPS CAGR (5y) | - | 33.2% | - | 13.5% | 13.2% | 13.4% | - | 9.9% | 27.6% | 6.3% |
| FCF growth (YoY) | - | -166.9% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 13.1% | 8.8% | 6.4% | 10.3% | 9.9% | 11.6% | 12.6% | 14.3% | 12.4% | 10.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$8.97B totalWholesale$5.10B · 56.9%
Direct To Consumer$3.87B · 43.1%
Geographic
$15.29B totalAmericas$4.37B · 28.6%
Non Us$3.23B · 21.1%
Asia Pacific$2.38B · 15.5%
Europe Middle East And Africa$2.22B · 14.5%
US$1.87B · 12.2%
CN$1.22B · 8.0%
Peer comparison
Same SIC group: Footwear, (No Rubber)
Comparing SKECHERS USA INC against the 5 most active filers in the same SIC group.