Crocs, Inc. CROX
Crocs, Inc. and our consolidated subsidiaries (collectively, the "Company," "we," "us," or "our") are engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for all. We strive to be the world leader in innovative casual footwear, combining comfort and style with a value that consumers want.
We have two reportable operating segments: the Crocs Brand and the HEYDUDE Brand, which are discussed in more detail in "Business Segments and Geographic Information" below.
At the heart of our brands are our consumers. We have brands with broad democratic appeal and accessible price points, which are aligned with global megatrends such as casualization, comfort, and personalization. The philosophy and vision for our brands have been important drivers of our results and, we believe, will continue to be important as we strive to realize the full global potential of our brands.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.04B | $4.10B | $3.96B | $3.55B | $2.31B | $1.39B | $1.23B | $1.09B | $1.02B | $1.04B |
| Cost of revenue | $1.68B | $1.69B | $1.75B | $1.69B | $893.2M | $636.0M | $613.5M | $528.1M | $506.3M | $536.1M |
| Gross profit | $2.36B | $2.41B | $2.21B | $1.86B | $1.42B | $749.9M | $617.1M | $560.2M | $517.2M | $500.2M |
| R&D | $29.6M | $25.6M | $21.4M | $18.7M | $13.7M | $10.2M | $11.8M | $14.1M | $13.4M | $11.9M |
| SG&A | $1.47B | $1.36B | $1.16B | $1.01B | $737.2M | $514.8M | $488.4M | $495.0M | $494.6M | $503.2M |
| Operating income | $149.5M | $1.02B | $1.04B | $850.8M | $683.1M | $214.1M | $128.6M | $62.9M | $17.3M | -$6.2M |
| Interest expense | $88.3M | $109.3M | $161.4M | $136.2M | $21.6M | $6.7M | $8.6M | $955.0K | $869.0K | $836.0K |
| Pre-tax income | $73.0M | $910.6M | $876.3M | $718.5M | $663.8M | $207.0M | $119.3M | $65.2M | $18.2M | -$7.2M |
| Income tax | $154.2M | $39.5M | $83.7M | $178.3M | $61.8M | $105.9M | $175.0K | $14.7M | $7.9M | $9.3M |
| Net income | -$81.2M | $950.1M | $792.6M | $540.2M | $725.7M | $312.9M | $119.5M | $50.4M | $10.2M | -$16.5M |
| EPS, basic | -1.50 | 16.00 | 12.91 | 8.82 | 11.62 | 4.64 | 1.70 | -1.01 | -0.07 | -0.43 |
| EPS, diluted | -1.50 | 15.88 | 12.79 | 8.71 | 11.39 | 4.56 | 1.66 | -1.01 | -0.07 | -0.43 |
| Shares, diluted (wtd. avg.) | $54.2M | $59.8M | $62.0M | $62.0M | $63.7M | $68.5M | $71.8M | $68.4M | $72.3M | $73.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $130.4M | $180.5M | $153.1M | $194.9M | $216.9M | $139.3M | $112.0M | $127.5M | $177.1M | $152.6M |
| Receivables | $278.2M | $257.7M | $305.7M | $295.6M | $182.6M | $149.8M | $108.2M | $97.6M | $83.5M | $78.3M |
| Inventory | $368.7M | $356.3M | $385.1M | $471.6M | $213.5M | $175.1M | $172.0M | $124.5M | $130.3M | $147.0M |
| Total current assets | $885.9M | $872.3M | $910.7M | $1.03B | $666.6M | $492.8M | $425.4M | $380.3M | $425.0M | $425.5M |
| Property, plant and equipment | $238.2M | $244.3M | $238.3M | $181.5M | $108.4M | $57.5M | $47.4M | $22.2M | $35.0M | $44.1M |
| Goodwill | $404.7M | $711.5M | $711.6M | $714.8M | $1.6M | $1.7M | $1.6M | $1.6M | $1.7M | $1.5M |
| Other intangibles | $1.32B | $1.78B | $1.79B | $1.80B | $28.8M | $37.6M | $47.1M | $45.7M | $56.4M | $72.7M |
| Total assets | $4.17B | $4.81B | $4.64B | $4.50B | $1.55B | $1.12B | $738.8M | $468.9M | $543.7M | $566.4M |
| Accounts payable | $266.1M | $264.9M | $261.0M | $230.8M | $162.1M | $112.8M | $95.8M | $77.2M | $66.4M | $61.9M |
| Short-term debt | — | $0 | $23.3M | $24.4M | $0 | $0 | $0 | $0 | $662.0K | — |
| Total current liabilities | $700.1M | $740.2M | $698.3M | $641.3M | $388.2M | $291.6M | $257.2M | $184.5M | $157.0M | $149.1M |
| Long-term debt | $1.23B | $1.35B | $1.64B | $2.30B | $771.4M | $180.0M | $205.0M | $120.0M | $0 | — |
| Total liabilities | $2.88B | $2.98B | $3.19B | $3.68B | $1.53B | $828.1M | $606.9M | $318.6M | $175.4M | $167.1M |
| Retained earnings | $3.48B | $3.56B | $2.61B | $1.82B | $1.28B | $553.3M | $240.5M | $121.2M | $190.4M | $195.7M |
| Total equity | $1.29B | $1.84B | $1.45B | $817.9M | $14.1M | $290.6M | $131.9M | $150.3M | $185.9M | $220.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $710.4M | $992.5M | $930.4M | $603.1M | $567.2M | $266.9M | $90.0M | $114.2M | $98.3M | $39.8M |
| Depreciation and amortisation | $79.3M | $69.8M | $54.3M | $39.2M | $32.0M | $27.6M | $24.2M | $29.2M | $33.1M | $34.0M |
| Stock-based compensation | $36.7M | $33.1M | $29.1M | $31.3M | $38.1M | $16.4M | $14.4M | $13.1M | $9.8M | $10.7M |
| Capital expenditure | $51.2M | $69.3M | $115.6M | $104.2M | $55.9M | $42.0M | $36.6M | $12.0M | $13.1M | $22.2M |
| Investing cash flow | -$51.2M | -$69.3M | -$115.7M | -$2.15B | -$55.9M | -$41.8M | -$36.2M | -$10.1M | -$11.5M | -$19.9M |
| Financing cash flow | -$714.6M | -$886.0M | -$859.6M | $1.53B | -$429.6M | -$198.0M | -$68.6M | -$148.8M | -$65.4M | -$16.4M |
| Buybacks | $582.3M | $552.5M | $175.0M | $0 | $1.00B | $170.8M | $147.2M | $63.1M | $50.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001334036-26-000020.
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| ONON | On Holding AG | — | — | — |