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Stock research / United States / CROX · Rubber & Plastics Footwear · Nasdaq

Crocs, Inc. (CROX)

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Crocs, Inc. (CROX) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 2.6% on the same quarter a year earlier. Net income was $205 million, and diluted earnings per share $4.13. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$1.2 billionup 2.6%
Net income$205 million
Diluted EPS$4.13
QuarterQ2 FY2026ended 30 June 2026

Crocs (CROX) in brief

Crocs (CROX) reported revenue of $4.0 billion for fiscal 2025, the year ended 31 December 2025, down 1.5% on the year before.
Read moreNet loss was $81 million and the diluted loss per share $1.50. Revenue was $4.1 billion in fiscal 2024, $4.0 billion in fiscal 2023, $3.6 billion in fiscal 2022 and $2.3 billion in fiscal 2021. Net income in the same years was $950 million, $793 million, $540 million and $726 million. Over the twelve months to 30 June 2026, Crocs reported revenue of $4.1 billion and net income of $593 million. Revenue grew 23.9% a year, compounded, over the five years to fiscal 2025. Crocs had 48 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.3 billion of debt and $170 million of cash. At the close of 8 October 2026 the market cap of Crocs was $5.6 billion, 10.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE42.9%
ROCE31.2%
Operating margin20.7%
Net margin14.6%
FCF margin17.4%
Interest cover10.08
Debt to equity0.94
Cash conversion1.29
Share count, 1 year-12.2%
Sales CAGR, 3 years4.4%
Profit CAGR, 3 yearsn/a
EPS, TTM$11.57

At the close of 8 October 2026

Price$116.84
Market cap$5.6 billion
Stock P/E10.10
Price to book4.06
EV / EBITDA7.33
Dividend yieldn/a
Market cap / sales1.39
52-week high$141.19
52-week low$73.39
Price, 1 year44.1%
Price CAGR, 3 years11.1%
Price CAGR, 5 years-2.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Crocs, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CROXgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CROX

Filings14 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 other events; 1 officer or director change; 1 shareholder vote
Planned insider sales6 Form 144 notices in twelve months, $11.1 million; latest 10 August 2026
Options tapeput/call 0.83 by open interest at the 8 October 2026 close; the straddle prices a 5.6% move to 16 October 2026
13F holders10 of the followed funds hold it; largest FMR LLC; 7 Schedule 13D or 13G filings in twelve months
Insider trading12 sales and 5 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.7 million shares short, 4.79 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,0469609391,1121,0629909371,1499969589211,179
Cost of revenue464429417430429417396441413434399479
Gross profit582531522682633573542709583524523701
Gross margin56%55%56%61%60%58%58%62%59%55%57%59%
SG&A308312296356364373319398375377322415
Operating income274210226326270200223-428208146201286
Operating margin26%22%24%29%25%20%24%-37%21%15%22%24%
Interest expense39.236.430.629.226.223.322.822.521.721.320.519.9
Pre-tax income233174194296245175205-449189127179264
Tax rate24%-46%21%23%18%-111%22%n/a23%17%23%22%
Net income177254152229200369160-492146105138205
Net margin17%26%16%21%19%37%17%-43%15%11%15%17%
Diluted EPS$2.87$4.16$2.50$3.77$3.36$6.36$2.83-$8.82$2.70$2.03$2.71$4.13
Operating cash flow250350-27.6401297322-67.2286239253-80.9352
Capital expenditure34.729.215.817.118.118.515.416.613.26.118.020.7
Free cash flow215320-43.3384279303-82.6269226246-98.9331
Buybacks150n/a0.017515122660.91332081800.0256
Shares outstanding61m60m61m60m58m56m56m55m52m50m50m48m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Revenue1,1981,0911,0361,0241,0881,2311,3862,3133,5553,9624,1024,0414,055
Cost of revenue6045805365065286146368931,6951,7521,6921,6841,725
Gross profit5905115005175606177501,4201,8602,2102,4102,3572,330
Gross margin49.3%46.8%48.3%50.5%51.5%50.1%54.1%61.4%52.3%55.8%58.8%58.3%57.5%
Research and development16.714.011.913.414.111.810.213.718.721.425.629.6n/a
Selling, general and administrative5665685034954954885157371,0101,1641,3641,4691,490
Operating income-4.7-72.3-6.217.362.91292146838511,0371,022150841
Operating margin-0.4%-6.6%-0.6%1.7%5.8%10.5%15.4%29.5%23.9%26.2%24.9%3.7%20.7%
Interest expense0.81.00.80.91.08.66.721.613616110988.383.4
Pre-tax income-8.5-74.7-7.218.265.211920766471987691173.0759
Income tax-3.68.59.37.914.7-0.2-106-61.817883.7-39.5154166
Effective tax raten/an/an/a43.7%22.6%-0.1%-51.2%-9.3%24.8%9.6%-4.3%211.3%21.9%
Net income-4.9-83.2-16.510.250.4119313726540793950-81.2593
Net margin-0.4%-7.6%-1.6%1.0%4.6%9.7%22.6%31.4%15.2%20.0%23.2%-2.0%14.6%
Diluted EPS-$0.22-$1.30-$0.43-$0.07-$1.01$1.66$4.56$11.39$8.71$12.79$15.88-$1.50$11.57
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Crocs Brand3,0133,2783,32682.3%
HEYDUDE Brand94982471517.7%
Crocs BrandHEYDUDE Brand
3,962FY20234,102FY20244,041FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States2,5742,4822,26156.0%
International1,3891,6201,78044.0%
United StatesInternational
3,962FY20234,102FY20244,040FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Operating cash flow-11.79.739.898.311490.0267567603930992710763
Capital expenditure16.018.522.213.112.036.642.055.910411669.351.258.0
Free cash flow-27.6-8.817.685.110253.4225511499815923659705
Free cash flow margin-2.3%-0.8%1.7%8.3%9.4%4.3%16.2%22.1%14.0%20.6%22.5%16.3%17.4%
Cash from investingn/a-18.6-19.9-11.5-10.1-36.2-41.8-55.9-2,151-116-69.3-51.2-58.0
Cash from financingn/a-101-16.4-65.4-149-68.6-198-4301,530-860-886-715-729
Depreciation and amortisation37.436.034.033.129.224.227.632.039.254.369.879.381.6
Share-based compensation12.511.210.79.813.114.416.438.131.329.133.136.741.5
Buybacks14685.90.050.063.11471711,0000.0175552582644
Diluted shares, weightedn/a76m73m72m68m72m69m64m62m62m60m54m50m
Shares outstanding at period end79m73m74m69m73m68m66m58m62m60m56m50m48m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity45324622018615013229114.18181,4541,8361,2931,385
Redeemable equity1731761791820.0n/an/an/an/an/an/an/an/a
Debt11.61.60.00.01202051807712,2981,6411,3491,2311,308
Operating lease liabilitiesn/an/an/an/an/a140146149215270283297291
Other liabilities1701851671751992625026101,1711,2791,3441,3531,373
Total liabilities and equity8076085665444697391,1191,5454,5024,6444,8124,1754,356
Owned
Fixed assets68.349.544.135.022.247.457.5108182238244238246
Goodwill2.02.01.51.71.61.61.71.6715712711405405
Intangible assets97.382.372.756.445.747.137.628.81,8001,7931,7771,3251,318
Cash and equivalents268143148172123108136213192149180130170
Receivables10183.678.383.597.6108150183296306258278430
Inventory171168147130124172175214472385356369389
Other assets99.579.175.264.653.92545617978471,0611,2851,4301,398
Total assets8076085665444697391,1191,5454,5024,6444,8124,1754,356
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded14.0%23.9%4.4%-2.0%
Profit growth, compoundedn/an/an/a150.9%
Return on equity, average554.9%1063.9%33.3%-6.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Apparel

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Cintas Corp. CTAS$80.4 billion39.6739.6%23.4%9.5%0.470.9%
Nike, Inc. NKE$51.6 billion16.7020.3%n/a-1.2%0.394.7%
Tapestry, Inc. TPR$23.2 billion15.89220.7%23.9%14.2%3.441.4%
Ralph Lauren Corp. RL$22.5 billion23.1536.1%14.9%14.7%0.461.0%
Deckers Outdoor Corp. DECK$11.3 billion11.7144.1%22.7%7.9%0.00n/a
On Holding AG ONON *$11.3 billionn/a12.5%12.5%30.0%0.00n/a
lululemon athletica Inc. LULU$9.9 billion7.5929.6%17.8%1.7%0.00n/a
Birkenstock Holding plc BIRK *$6.1 billion15.7512.8%26.2%16.2%0.42n/a
V F Corp. VFC$5.7 billion21.0615.5%6.1%0.2%1.702.5%
Crocs, Inc. CROX$5.6 billion10.1042.9%20.7%-2.0%0.94n/a
PVH Corp. PVH$3.7 billionn/a-3.5%4.1%1.6%0.470.2%
Columbia Sportswear Co. COLM$2.9 billion14.7412.9%7.5%-0.1%0.002.1%
3 companies share its SEC industry code (Rubber & Plastics Footwear); the rest are the names nearest in size in its wider industry, Apparel, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 202429 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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