Tearsheet

Birkenstock (BIRK)

Market Price (12/4/2025): $43.78 | Market Cap: $8.2 Bil
Sector: Consumer Discretionary | Industry: Footwear

Birkenstock (BIRK)

Market Price (12/4/2025): $43.78
Market Cap: $8.2 Bil
Sector: Consumer Discretionary
Industry: Footwear

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18%	Weak multi-year price returns 2Y Excs Rtn is -55%	Expensive valuation multiples P/SPrice/Sales ratio is 4.5x
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
3	Low stock price volatility Vol 12M is 36%
4	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
3	Low stock price volatility Vol 12M is 36%
4	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -55%
6	Expensive valuation multiples P/SPrice/Sales ratio is 4.5x

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$43.78	$56.66	$48.73
Market Cap CYE ($ Bil)	8.2	10.6	9.1	-	-
Total Debt ($ Bil)	1.4	1.4	2.0	2.1	1.9
Total Cash ($ Bil)	0.3	0.4	0.4	0.3	0.2
Enterprise Value ($ Bil)	9.3	12.0	11.1
Valuation Ratios
P/S TTM	4.5	5.9	6.1	0.0	0.0
P/EBIT TTM	17.8	26.4	33.0	0.0	0.0
P/E TTM	29.9	55.5	122.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3	8.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4	10.8

	12/4/25	2024	2023
Share Price CYE	$43.78	$56.66	$48.73
Market Cap CYE ($ Bil)	8.2	10.6	9.1
Total Debt ($ Bil)	1.4	1.4	2.0
Total Cash ($ Bil)	0.3	0.4	0.4
Enterprise Value ($ Bil)	9.3	12.0	11.1
Valuation Ratios
P/S TTM	4.5	5.9	6.1
P/EBIT TTM	17.8	26.4	33.0
P/E TTM	29.9	55.5	122.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.6	8.0	7.8
P/E TTM (Sector)	10.4	11.1	10.7

	BIRK	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	2.0
Rev Chg Q	12.4%	7.1%
Rev Chg LTM	17.6%	6.1%
Rev Chg 3Y Avg	18.7%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	26.3%	18.8%
CFO/Rev LTM	18.4%	20.5%
Net Inc Mgn	15.1%	13.1%
VALUATION	HIGH
P/S	4.5	3.2
P/CFO	24.6	15.8
P/FCF	31.3	20.5
P/E	29.9	23.5
STABILITY	GOOD
Debt/Equity	0.15	0.20
Cash/Assets	0.05	0.07

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Metric	Value	Date	Source
Number of own retail stores	90	6302025	Link
Direct-to-Consumer (DTC) penetration rate	38%	6302025	Link
Average Selling Price (ASP) growth	Mid-single-digit growth	6302025	Link
Unit growth	High single-digit growth	6302025	Link
Share of closed-toe silhouettes	Increased by 400 basis points year-over-year	6302025	Link
Full-price sales realization in B2B channel	90%	9152025	Link
Website Visits (birkenstock.com)	11.19M	9302025	Link
Membership program size	6.9M	9042024	Link

Upcoming
12/18/2025	Earnings Release	Rev: $521 Mil (E) EPS: $0.40 (E)

BIRK Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the approximate -16.1% movement in Birkenstock's (BIRK) stock price from August 31, 2025, to December 4, 2025: 1. Disappointing Aspects of Q3 2025 Earnings Despite Overall Beat: Although Birkenstock reported Q3 2025 earnings on August 14, 2025, where EPS generally beat estimates and revenue saw year-over-year growth, some reports indicated revenue narrowly missed certain analyst expectations. Critically, investors were reportedly disappointed by lower-than-expected growth in the direct-to-consumer (DTC) business and within the Americas region, leading to an immediate stock drop of 4-5% after the earnings release.

2. Concerns Over U.S. Tariff Regime and Long-Term Growth Strategy: Following the Q3 2025 earnings announcement, investor sentiment was impacted by cynicism regarding the company's long-term growth strategy. There were also concerns about the potential impact of a new U.S. tariff regime on Birkenstock's margins, contributing to the downward pressure on the stock.

3. High Valuation and Broader Macroeconomic Uncertainties: Some market observers and investors perceived Birkenstock's valuation as high for a retail stock. This elevated valuation, combined with broader macroeconomic anxieties such as inflation and general economic uncertainty, likely made investors more cautious and less willing to support the stock, especially when growth projections did not significantly surpass already high expectations.

4. Market's "Ho-Hum Attitude" Despite Upgraded Guidance: In late September 2025, Birkenstock pre-announced stronger Q4 revenue expectations and reaffirmed its Adjusted EBITDA guidance for the fiscal year. However, the market's reaction was described as "ho-hum," leading to a "sharp selloff." This indicated that even with positive guidance revisions, underlying investor concerns, such as potential supply constraints, were not fully alleviated.

5. Expansion Costs and Pressure on Margins: Birkenstock has been engaged in aggressive expansion, including establishing new e-commerce platforms and brick-and-mortar stores in regions like Asia, and investing in new manufacturing facilities. While these initiatives are aimed at long-term growth, the associated increased expenditures were noted as factors that could pressure gross margins in the short term, raising investor concerns about the timeline for these investments to yield significant returns.

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Stock Movement Drivers

Fundamental Drivers

The -11.9% change in BIRK stock from 9/3/2025 to 12/3/2025 was primarily driven by a -11.9% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	49.65	43.76	-11.86%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2026.86	2026.86	0.00%
Net Income Margin (%)	15.14%	15.14%	0.00%
P/E Multiple	30.17	26.59	-11.86%
Shares Outstanding (Mil)	186.48	186.48	0.00%
Cumulative Contribution			-11.86%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
BIRK	-11.9%
Market (SPY)	6.2%	25.8%
Sector (XLY)	3.5%	32.4%

Fundamental Drivers

The -21.6% change in BIRK stock from 6/4/2025 to 12/3/2025 was primarily driven by a -36.0% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	55.82	43.76	-21.61%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1956.57	2026.86	3.59%
Net Income Margin (%)	12.90%	15.14%	17.42%
P/E Multiple	41.55	26.59	-36.01%
Shares Outstanding (Mil)	187.83	186.48	0.72%
Cumulative Contribution			-21.61%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
BIRK	-21.6%
Market (SPY)	15.1%	35.6%
Sector (XLY)	11.5%	37.3%

Fundamental Drivers

The -16.4% change in BIRK stock from 12/3/2024 to 12/3/2025 was primarily driven by a -70.0% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	52.34	43.76	-16.39%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1723.47	2026.86	17.60%
Net Income Margin (%)	6.43%	15.14%	135.44%
P/E Multiple	88.69	26.59	-70.02%
Shares Outstanding (Mil)	187.83	186.48	0.72%
Cumulative Contribution			-16.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
BIRK	-16.4%
Market (SPY)	14.3%	58.6%
Sector (XLY)	7.4%	58.2%

Fundamental Drivers

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Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
BIRK	-10.1%
Market (SPY)	53.2%	44.8%
Sector (XLY)	42.3%	44.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BIRK Return	-	-	-	-	16%	-25%	-13%
Peers Return	-7%	14%	-36%	6%	61%	10%	27%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
BIRK Win Rate	-	-	-	100%	42%	50%
Peers Win Rate	25%	47%	32%	42%	43%	35%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
BIRK Max Drawdown	-	-	-	-	-14%	-32%
Peers Max Drawdown	-34%	-3%	-41%	-21%	-15%	-33%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WWW, WEYS, FOSL, FWDI, ONON.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

BIRK has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

Unique Key	Event	XLY	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-40.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	67.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	680 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-33.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	51.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	82 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-21.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	28.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	105 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-60.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	150.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	779 days	1480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.

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About Birkenstock (BIRK)

BIRKENSTOCK is a revered global brand rooted in function, quality and tradition dating back to 1774. We are guided by a simple, yet fundamental insight: human beings are intended to walk barefoot on natural, yielding ground, a concept we refer to as “Naturgewolltes Gehen.” Our purpose is to empower all people to walk as intended by nature. The legendary BIRKENSTOCK footbed represents the best alternative to walking barefoot, encouraging proper foot health by evenly distributing weight and reducing pressure points and friction. We believe our function-first approach is universally relevant; all humans — anywhere and everywhere — deserve to walk in our footbed. From this insight, we have developed a broad, unisex portfolio of footbed-based products, anchored by our iconic Core Silhouettes, the Madrid, Arizona, Boston, Gizeh and Mayari. While these silhouettes drive consistent, high-visibility revenues and represent a significant portion of our overall business, we also continuously expand our extensive archive of over 700 silhouettes by extending our existing silhouettes and launching new styles. This expands our reach across price points, usage occasions and product categories. We incorporate distinctive design elements and develop new materials to create newness while staying true to our heritage and uncompromising quality standards. We are German made. Our production capabilities reflect centuries-old traditions of craftsmanship and commitment to using only the highest quality materials. To ensure each product meets our rigorous quality standards, we operate a vertically integrated manufacturing base and produce all our footbeds in Germany. In addition, we assemble over 95% of our products in Germany and produce the remainder elsewhere in the EU. We maintain strict control over our entire supply chain, responsibly sourcing materials that originate mainly from Europe. As described by our Chief Executive Officer, Oliver Reichert, “Consumers buy our products for a thousand wrong reasons, but they all come back for the same reason:” for our functional proposition, enduring commitment to quality and the rich tradition of our Company which enables us to establish meaningful emotional connections with our consumers. The deep trust we create allows us to enjoy long-lasting relationships with our consumers — oftentimes spanning decades — as evidenced by findings from the Consumer Survey that revealed the average BIRKENSTOCK consumer in the U.S. owns 3.6 pairs today. Through the strong reputation and universal appeal of our brand — enabling extensive word-of-mouth exposure and outsized earned media value — we have efficiently built a growing global fanbase of millions of consumers that uniquely transcends geography, gender, age and income. We reach these consumers around the world through a multi-channel “engineered distribution” model, which balances the growing demand for our products and our constrained supply capacity to create scarcity in the market. We strategically allocate our products between our wholesale partners in the B2B channel, which we have been optimizing in recent years, and our rapidly growing DTC channel. As a result, we drive consistently robust revenue growth and operating margins, achieve excellent sell-through rates and deepen our direct connections with our consumers. In fiscal 2022, we generated revenues of €1,242.8 million, gross profit margin of 60%, Adjusted gross profit margin of 62%, net profit of €187.1 million, Adjusted net profit of €174.7 million, net profit margin of 15%, Adjusted net profit margin of 14%, Adjusted EBITDA of €434.6 million and Adjusted EBITDA margin of 35%, while selling approximately 30 million units. Birkenstock Holding Limited was formed on February 19, 2021 as BK LC Lux Finco 2 S.à r.l., a Luxembourg private limited liability company. On April 25, 2023, we changed our name from BK LC Lux Finco 2 S.à r.l. to Birkenstock Group Limited and converted (by way of re-domiciliation) the legal form of our Company to a Jersey private company. On July 12, 2023, we changed our name from Birkenstock Group Limited to Birkenstock Holding Limited. In addition, prior to the consummation of this offering, we intend to change the legal status of our Company to a Jersey public limited company. Our registered offices are located at 47 Esplanade, St Helier, Jersey JE1 0BD, Channel Islands. Our principal executive offices are located at 1-2 Berkeley Square, London W1J 6EA, United Kingdom.

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Here are 1-3 brief analogies for Birkenstock:

The Dr. Martens of comfort sandals.
The UGG of iconic, comfortable sandals.

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Sandals: Iconic open-toe footwear known for their contoured cork-latex footbeds and ergonomic design.
Clogs: Slip-on footwear, often with open or closed backs, featuring the characteristic Birkenstock footbed for comfort.
Shoes: Closed-toe footwear, including sneakers, boots, and loafers, all incorporating their anatomical footbed design.
Kids' Footwear: Smaller versions of their popular sandal and closed-toe styles designed for children.

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Birkenstock (BIRK) employs a hybrid business model, selling both directly to consumers (D2C) through its own stores and e-commerce platforms, and through a broad network of wholesale partners (B2B).

According to its public filings, Birkenstock's B2B (wholesale) channels generated approximately 63% of its revenue in fiscal year 2022, indicating that the company primarily sells to other companies for distribution. Its major customers, in the context of companies that purchase and resell Birkenstock products, include a diverse range of retailers. Birkenstock does not publicly disclose specific revenue percentages from individual wholesale customers due to the large number of partners.

However, prominent retailers that distribute Birkenstock products to the end consumer include:

Nordstrom (NYSE: JWN)
Zappos.com (owned by Amazon, NASDAQ: AMZN)
REI (private company)
Macy's (NYSE: M)

These retailers represent key points of sale for Birkenstock products, reaching a vast individual customer base.

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Oliver Reichert Chief Executive Officer

Oliver Reichert joined Birkenstock as a consultant in 2009 and became the first non-family member CEO in 2013, leading the company through a significant transformation. Previously, he worked as a war correspondent and a sports television executive for Deutsches SportFernsehen GmbH. He spearheaded the deal that resulted in the sale of a majority stake in Birkenstock to L Catterton, a private equity firm backed by LVMH, in 2021.

Ivica Krolo Chief Financial Officer

Ivica Krolo was appointed Chief Financial Officer of Birkenstock, effective February 1, 2025. Before joining Birkenstock, he served as a Partner and CFO at the investment firm EMH Partners since 2015, specializing in finance, tax, legal, and corporate administration. His prior experience includes roles as a certified public auditor and manager at PricewaterhouseCoopers and as an Audit Manager and Tax Consultant at Mazars.

Markus Baum Chief Product Officer

Markus Baum has been the Chief Product Officer (CPO) at Birkenstock GmbH & Co. KG since July 2019. He previously held positions within Birkenstock as Director Product and Director Footwear Division. Prior to his tenure at Birkenstock, he also served as Marketing Director at Adidas.

Klaus Baumann Chief Sales Officer

As Chief Sales Officer (CSO), Klaus Baumann is responsible for managing Birkenstock's global sales operations. His role involves overseeing product performance across international markets and coordinating pricing and planning strategies. He also leads BIRKENSTOCK 1774, which focuses on creative collaborations with external brands, including Dior.

Jochen Gutzy Chief Communications Officer

Jochen Gutzy joined Birkenstock in 2013 as Head of Communications, where he managed communications during the transition to Oliver Reichert's leadership as the first non-family CEO. After an 18-month period as Director of Corporate Communications for Germany and Austria at L'Oréal, he returned to Birkenstock in 2021 and guided the brand through its significant acquisition by L Catterton.

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Birkenstock's main products include sandals, clogs, and other shoes, distinguished by their contoured cork footbeds and emphasis on comfort.

Addressable Market Sizes:

Global Footwear Market

The global footwear market size was valued at USD 463.87 billion in 2024 and is projected to grow to USD 789.52 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.88% from 2025 to 2032.

Global Sandals Market

The global sandals market is projected at USD 33.77 billion in 2025 and is expected to reach USD 48.1 billion by 2035, reflecting an overall growth of 42%.
Another estimate indicates the global sandals market size was valued at USD 34.86 billion in 2025 and is expected to reach USD 49.48 billion by 2035, growing at a CAGR of 3.6% from 2025 to 2035.

Global Comfort Footwear Market

The global comfort footwear market is expected to be valued at USD 47.37 billion in the year 2028.

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Here are 3-5 expected drivers of future revenue growth for Birkenstock (BIRK) over the next 2-3 years:

Expansion of Production Capacity: Birkenstock is actively investing in and expanding its production capacity to meet strong demand, which has historically outpaced supply. The company plans to significantly increase shoe production, with a goal to nearly double current levels by 2027. This expansion, including the acquisition of new factory space, will enable Birkenstock to produce more sandals, clogs, and footbeds, addressing a key limitation to its growth.
Product Diversification and New Categories: Birkenstock is strategically expanding its product portfolio beyond its iconic sandals into new categories such as closed-toe shoes (boots, sneakers, clogs), orthopedics, and professional and outdoor footwear. These newer offerings, particularly closed-toe styles, have shown strong performance and contribute to higher average selling prices. The company also continues to diversify with lifestyle products like sleep systems and natural cosmetics.
Global Market Penetration, particularly in Asia-Pacific (APAC): The company is focused on expanding its market reach globally, with a significant emphasis on the Asia-Pacific region, including new store openings and partner boutiques in countries like China and India. This strategic expansion aims to attract new customer segments and capitalize on the growing demand for premium products in these markets.
Direct-to-Consumer (DTC) and Retail Channel Expansion: Birkenstock is strengthening its distribution through both direct-to-consumer (DTC) and business-to-business (B2B) channels. The company is opening new brand-owned retail stores globally, with plans to reach approximately 100 stores by year-end, which tend to generate higher average selling prices and units per transaction. This expansion enhances brand presence and customer experience.
Average Selling Price (ASP) Increases and Premiumization: Birkenstock has demonstrated consistent mid-single-digit growth in its Average Selling Price (ASP). The brand's repositioning from a niche footwear company to a premium segment player supports this trend. Management has also indicated that there is room for further pricing adjustments to help offset costs and enhance profitability.

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Share Repurchases

Birkenstock Holding plc announced a share repurchase program in May 2025 to buy back up to 3,927,344 shares for $200 million at a price of $50.925 per share.
These repurchased shares, acquired from the underwriters during a secondary offering, are slated for cancellation, reducing the total outstanding shares.

Share Issuance

Birkenstock priced its initial public offering (IPO) on October 10, 2023, at $46.00 per share, raising approximately $1.5 billion through the sale of 32.26 million shares.
The company completed a secondary public offering on May 30, 2025, where BK LC Lux MidCo S.à r.l., an affiliate of L Catterton, sold 20,027,344 ordinary shares at $52.50 per share, generating about $1.1 billion in gross proceeds for the selling shareholder.

Inbound Investments

In February and April 2021, L Catterton, a private equity firm backed by LVMH and Bernard Arnault's family investment company Financière Agache, acquired a majority stake in Birkenstock.
This acquisition valued Birkenstock at approximately €4 billion (around $4.3 billion to $4.8 billion).
The investment was intended to support Birkenstock's global growth, particularly in expanding market leadership in Europe and North America and increasing its presence in markets such as China and Asia, along with investing in its German production sites.

Outbound Investments

Birkenstock acquired a component manufacturing plant in Arouca, Portugal, as part of its strategy to expand overall production capacity.

Capital Expenditures

Birkenstock invested EUR 74 million in capital expenditures during fiscal year 2024, primarily focusing on expanding production capacity and its owned retail footprint.
The company has made significant investments in its German production facilities, including modernizing its largest factory in Görlitz, constructing a new factory in Pasewalk, and strengthening other production sites.
For the fiscal year ending September 30, 2025, Birkenstock anticipates capital expenditures to be approximately EUR 80 million.

Better Bets than Birkenstock (BIRK)

	BIRK	Better Performance than BIRK
Metric	Value	INDUSTRY: Footwear
Rev Chg LTM	17.6%	ONON (35.7%)
Op Mgn LTM	26.3%
CFO/Rev LTM	18.4%	CROX (20.2%), DECK (18.9%)
FCF/Rev LTM	14.5%	CROX (18.6%), DECK (17.2%)
Total Yield	3.3%	WEYS (17.5%), SHOO (8.9%), DECK (6.5%), WWW (5.4%), CROX (5.1%)
P/S	4.5	SHOO (0.7), WEYS (1.1), CROX (1.1), WWW (1.2), DECK (3.0)
P/Op Inc	17.2	CROX (4.6), WEYS (9.6), DECK (12.5), SHOO (12.5), WWW (15.8)

	BIRK	Better Performance than BIRK
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	17.6%	CVNA (45.5%), MELI (36.9%), ONON (35.7%), DASH (24.5%), VIK (17.7%)
Op Mgn LTM	26.3%	MCD (46.1%), BKNG (34.5%), YUM (30.8%), PLNT (29.4%), RCL (26.4%)
CFO/Rev LTM	18.4%	MCD (39.9%), ABNB (38.4%), MELI (37.5%), BKNG (33.2%), DASH (20.0%)
FCF/Rev LTM	14.5%	ABNB (38.4%), MELI (32.9%), BKNG (31.9%), MCD (28.1%), DASH (15.8%)
Total Yield	3.3%	LOW (7.6%), HD (6.5%), MCD (6.2%), TJX (4.9%), BKNG (3.6%)
P/S	4.5	LOW (1.5), HD (2.2), TJX (2.4), AMZN (3.5), MELI (4.5)
P/Op Inc	17.2	GM (7.1), LOW (12.0), ROST (16.0), HD (16.8), MAR (17.1)

	BIRK	Better Performance than BIRK
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	17.6%	NVDA (71.6%), PLTR (47.2%), LLY (36.8%), AVGO (28.0%), META (21.3%)
Op Mgn LTM	26.3%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	18.4%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	14.5%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	3.3%	BRK-B (6.2%), GOOGL (4.6%), WMT (3.6%), META (3.5%), MSFT (3.4%)
P/S	4.5	WMT (1.1), XOM (1.4), COST (1.5), BRK-B (2.7), BAC (3.6)
P/Op Inc	17.2	MRK (9.4), UNH (11.9), XOM (12.4), CAT (15.8), V (16.6)

		Best Bets In Consumer Discretionary Sector
	BIRK
What You Pay
P/E	29.9
P/EBIT	17.8
What You Get
Rev Chg Q	12.4%
Rev Chg LTM	17.6%
Rev Chg 3Y Avg	�
FCF/Rev 3Y Avg	16.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Birkenstock Stock Jump Looks Great, But How Secure Is That Gain?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to BIRK. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Birkenstock

Peers to compare with:

Financials

	BIRK	WWW	WEYS	FOSL	FWDI	ONON	Median
Name	Birkenst.	Wolverin.	Weyco	Fossil	Forward .	On
Mkt Price	43.76	17.46	31.79	3.75	8.51	47.07	24.62
Mkt Cap	8.2	1.4	0.3	0.2	-	30.0	1.4
Rev LTM	2,027	1,852	281	1,084	27	2,718	1,468
Op Inc LTM	533	141	33	19	-5	296	87
FCF LTM	293	54	33	-48	-2	348	43
FCF 3Y Avg	290	180	44	-12	-0	177	111
CFO LTM	373	76	34	-43	-2	416	55
CFO 3Y Avg	381	202	47	-3	-0	243	124

Growth & Margins

	BIRK	WWW	WEYS	FOSL	FWDI	ONON	Median
Name	Birkenst.	Wolverin.	Weyco	Fossil	Forward .	On
Rev Chg LTM	17.6%	3.6%	-6.4%	-15.3%	5.6%	35.7%	4.6%
Rev Chg 3Y Avg	-	-10.6%	-3.6%	-16.2%	-13.5%	43.6%	-10.6%
Rev Chg Q	12.4%	6.8%	-8.9%	-15.2%	-50.5%	32.0%	-1.0%
QoQ Delta Rev Chg LTM	3.6%	1.7%	-2.0%	-3.5%	-8.6%	7.2%	-0.2%
Op Mgn LTM	26.3%	7.6%	11.6%	1.7%	-19.0%	10.9%	9.3%
Op Mgn 3Y Avg	23.9%	3.4%	12.6%	-2.0%	-6.9%	9.6%	6.5%
QoQ Delta Op Mgn LTM	0.5%	0.6%	-0.7%	3.0%	-8.7%	1.0%	0.6%
CFO/Rev LTM	18.4%	4.1%	12.2%	-4.0%	-6.8%	15.3%	8.2%
CFO/Rev 3Y Avg	22.5%	9.8%	15.2%	-0.3%	-0.7%	9.9%	9.8%
FCF/Rev LTM	14.5%	2.9%	11.6%	-4.4%	-6.9%	12.8%	7.3%
FCF/Rev 3Y Avg	16.9%	8.7%	14.5%	-0.9%	-0.9%	6.5%	7.6%

Valuation

	BIRK	WWW	WEYS	FOSL	FWDI	ONON	Median
Name	Birkenst.	Wolverin.	Weyco	Fossil	Forward .	On
Mkt Cap	8.2	1.4	0.3	0.2	-	30.0	1.4
P/S	4.5	1.2	1.1	0.1	-	12.2	1.2
P/EBIT	17.8	15.6	8.9	-1.9	-	214.2	15.6
P/E	29.9	25.2	12.1	-1.3	-	243.8	25.2
P/CFO	24.6	29.4	9.1	-1.8	-	79.6	24.6
Total Yield	3.3%	5.4%	17.5%	-74.9%	-	0.4%	3.3%
Dividend Yield	0.0%	1.5%	9.3%	0.0%	-	0.0%	0.0%
FCF Yield 3Y Avg	-	20.5%	15.6%	-6.7%	-	0.6%	8.1%
D/E	0.1	0.4	0.0	4.1	-	0.0	0.1
Net D/E	0.1	0.3	-0.2	2.7	-	-0.0	0.1

Returns

	BIRK	WWW	WEYS	FOSL	FWDI	ONON	Median
Name	Birkenst.	Wolverin.	Weyco	Fossil	Forward .	On
1M Rtn	11.2%	-21.8%	19.0%	82.0%	-	29.1%	19.0%
3M Rtn	-11.9%	-44.2%	13.2%	15.4%	-	5.1%	5.1%
6M Rtn	-21.6%	5.8%	8.3%	145.1%	-	-18.9%	5.8%
12M Rtn	-16.4%	-24.7%	-2.1%	77.7%	-	-20.9%	-16.4%
3Y Rtn	-	71.5%	50.0%	-18.8%	-	140.0%	60.8%
1M Excs Rtn	11.2%	-21.8%	19.0%	82.1%	-	29.1%	19.0%
3M Excs Rtn	-18.9%	-50.6%	2.7%	4.3%	-	-3.1%	-3.1%
6M Excs Rtn	-36.3%	-8.9%	-6.5%	130.4%	-	-33.6%	-8.9%
12M Excs Rtn	-28.8%	-36.7%	-15.8%	143.3%	-	-32.9%	-28.8%
3Y Excs Rtn	-	1.6%	-18.7%	-91.1%	-	81.5%	-8.5%

Financials

Annual
Quarterly

$ Mil \| FY: 9/30	LTM	2024	2023	2022	2021	2020
Period End	6/30/2025	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020
Filing Date	8/14/2025	12/18/2024	1/18/2024	9/12/2023	9/12/2023	9/12/2023
Key Financials
Total Revenue	2,027	1,805	1,492	1,243	962	729
EBITDA	627	504	360	414	230	3
Operating Income	533	441	297	318	211	-27
Net Income	307	192	75	187	116	-106
EPS	1.64	1.02	0.40	1.00	0.62	-0.57
Growth Rates
Total Revenue Growth	17.6%	21.0%	20.0%	29.2%	32.1%	-
EBITDA Growth	36.7%	39.8%	-13.0%	80.0%	6781.3%	-
Operating Income Growth	50.3%	48.5%	-6.5%	50.3%	892.7%	-
Net Income Growth	176.9%	155.4%	-59.9%	60.7%	209.6%	-
Margins
EBITDA Margin	30.9%	27.9%	24.2%	33.3%	23.9%	0.5%
Operating Income Margin	26.3%	24.4%	19.9%	25.5%	22.0%	-3.7%
Net Income Margin	15.1%	10.6%	5.0%	15.1%	12.1%	-14.6%
Cash & Debt
Total Cash	262	376	354	307	235	96
Total Debt	1,366	1,350	1,954	2,083	1,923	220
Net Debt / (Cash)	1,105	974	1,600	1,776	1,687	124
Cash Flows
Net Cash from Operations	373	429	359	234	�	194
Free Cash from Operations	293	355	256	162	�	171
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	100
Share Repurchases	176	-0	-0	-0	-0	-0

$ Mil \| FY: 9/30	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/14/2025	5/15/2025	2/20/2025	12/18/2024	8/29/2024	5/30/2024	2/29/2024	1/18/2024	9/15/2023	9/12/2023	2/29/2024	9/12/2023
Key Financials Quarterly
Total Revenue	635	574	362	456	565	481	303	375	473	396	248	322
Ebitda	226	203	90	108	180	157	59	63	139	123	35	81
Operating Income	188	173	76	96	160	138	47	10	122	120	45	72
Net Income	129	105	20	52	75	72	-7	-28	63	49	-9	58
EPS	0.69	0.56	0.11	0.28	0.40	0.38	-0.04	-0.15	0.34	0.26	-0.05	0.31
Key Financials TTM
Total Revenue TTM	2,027	1,957	1,863	1,805	1,723	1,632	1,546	1,492	1,439	1,344	-	-
Ebitda TTM	627	581	535	504	459	418	385	360	378	381	-	-
Operating Income TTM	533	504	469	441	355	317	299	297	359	342	-	-
Net Income TTM	307	252	219	192	111	99	77	75	161	154	-	-
Growth Rates Quarterly
Total Revenue Growth	12.4%	19.3%	19.4%	21.7%	19.3%	21.6%	21.9%	16.5%	25.0%	-	-	-
EBITDA Growth	25.5%	29.4%	53.4%	71.4%	29.5%	26.9%	69.7%	-22.3%	-1.5%	-	-	-
Operating Income Growth	18.1%	25.2%	60.9%	877.1%	31.3%	14.8%	4.8%	-86.3%	15.9%	-	-	-
Net Income Growth	73.1%	46.7%	381.2%	285.5%	18.3%	45.1%	22.1%	-148.8%	13.4%	-	-	-
Margins Quarterly
EBITDA Margin	35.6%	35.3%	24.9%	23.7%	31.9%	32.6%	19.4%	16.8%	29.4%	31.2%	13.9%	25.2%
Operating Income Margin	29.7%	30.1%	21.0%	21.0%	28.3%	28.7%	15.6%	2.6%	25.7%	30.4%	18.1%	22.3%
Net Income Margin	20.3%	18.3%	5.6%	11.5%	13.2%	14.9%	-2.4%	-7.6%	13.3%	12.5%	-3.7%	18.0%
Cash & Debt
Total Cash	262	235	299	376	404	176	169	354	290	172	-	307
Total Debt	1,366	1,362	1,394	1,350	1,516	1,501	1,472	1,954	1,955	1,985	0	2,083
Net Debt / (Cash)	1,105	1,127	1,096	974	1,111	1,325	1,303	1,600	1,665	1,813	-	1,776
Cash Flows Quarterly
FCF from Operations	261	-18	-12	143	282	50	-45	118	237	57	-53	126
Cash Flows TTM
FCF from Operations TTM	373	394	462	429	404	359	366	359	367	264	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	176	-0	-0	-0	-0	0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	14.5%	14.4%	5.1%	9.1%	14.1%	11.6%	5.9%	1.0%	8.9%	8.2%	-	6.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	9.8%	10.0%	10.1%	10.2%	6.0%	5.0%	4.4%	3.8%	7.0%	6.4%	-	-

Price Behavior

Price Behavior

Market Price	$43.76
Market Cap ($ Bil)	8.2
First Trading Date	10/11/2023
Distance from 52W High	-29.6%
	50 Days	200 Days
DMA Price	$42.18	$47.92
DMA Trend	down	down
Distance from DMA	3.7%	-8.7%
	3M	1YR
Volatility	28.7%	35.9%
Downside Capture	98.71	124.13
Upside Capture	12.30	90.06
Correlation (SPY)	23.9%	58.5%

BIRK Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.65	0.55	0.65	0.99	1.06	0.06
Up Beta	-0.11	0.43	0.71	1.10	1.29	-0.09
Down Beta	0.31	0.84	0.53	0.82	0.70	0.02
Up Capture	160%	25%	5%	46%	88%	44%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	20	25	54	120	266
Down Capture	49%	62%	120%	148%	114%	96%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	21	36	69	126	262

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

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Based On 5-Year Data

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Based On 10-Year Data

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Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	7,248,361
Short Interest: % Change Since 10312025	-22.6%
Average Daily Volume	1,967,703
Days-to-Cover Short Interest	3.68
Basic Shares Quantity	186,479,342
Short % of Basic Shares	3.9%

Returns Analyses

	Title
0	Birkenstock Stock Jump Looks Great, But How Secure Is That Gain?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	8142025	6-K 6/30/2025
3312025	5152025	6-K 3/31/2025
12312024	2202025	6-K 12/31/2024
9302024	12182024	20-F 9/30/2024
6302024	8292024	6-K 6/30/2024
3312024	5302024	6-K 3/31/2024
12312023	2292024	6-K 12/31/2023
9302023	1182024	20-F 9/30/2023
6302023	9152023	F-1/A 6/30/2023
9302022	9122023	F-1 9/30/2022

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Birkenstock (BIRK)

Market Price (12/4/2025): $43.78 | Market Cap: $8.2 BilSector: Consumer Discretionary | Industry: Footwear

Birkenstock (BIRK)

Market Price (12/4/2025): $43.78Market Cap: $8.2 BilSector: Consumer DiscretionaryIndustry: Footwear

Valuation, Metrics & Events

BIRK Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Birkenstock (BIRK)

Addressable Market Sizes:

Global Footwear Market

Global Sandals Market

Global Comfort Footwear Market

Share Repurchases

Share Issuance

Inbound Investments

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Birkenstock (BIRK)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

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Bank Assets

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Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $43.78 | Market Cap: $8.2 Bil
Sector: Consumer Discretionary | Industry: Footwear

Market Price (12/4/2025): $43.78
Market Cap: $8.2 Bil
Sector: Consumer Discretionary
Industry: Footwear