Birkenstock (BIRK)
Market Price (3/30/2026): $34.22 | Market Cap: $6.3 BilSector: Consumer Discretionary | Industry: Footwear
Birkenstock (BIRK)
Market Price (3/30/2026): $34.22Market Cap: $6.3 BilSector: Consumer DiscretionaryIndustry: Footwear
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0% | Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -77% | Key risksBIRK key risks include [1] susceptibility to volatile fashion trends and economic downturns impacting its premium-priced products, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% | ||
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% | ||
| Low stock price volatilityVol 12M is 39% | ||
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -77% |
| Key risksBIRK key risks include [1] susceptibility to volatile fashion trends and economic downturns impacting its premium-priced products, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Birkenstock (BIRK) stock has lost about 20% since 11/30/2025 because of the following key factors:
1. Pressure on Profitability and Adjusted Outlook in Fiscal Q1 2026.
Birkenstock's stock movement was significantly impacted by a decline in profitability metrics, despite strong revenue growth in its Fiscal First Quarter 2026 (ended December 31, 2025), reported on February 12, 2026. The company's gross margin decreased by 290 basis points year-over-year to 57.4%, and the adjusted EBITDA margin fell by 180 basis points year-over-year to 26.5%. These declines were primarily attributed to foreign exchange fluctuations and anticipated tariff impacts. Furthermore, Birkenstock adjusted its outlook for Fiscal Year 2026, projecting reported sales growth of 11.5% to €2.338 billion, a slight reduction from a prior estimate of €2.351 billion.
2. Broader Luxury Footwear Market Slowdown and Shifting Consumer Behavior.
The stock's decline also reflects a more challenging environment for the global fashion and luxury footwear industries. A McKinsey analysis projects that the global fashion industry will experience low single-digit growth in 2026, influenced by persistent macroeconomic uncertainty and a shift towards more value-conscious consumer behavior. Consumers are increasingly prioritizing quality and durability, and are more inclined to use resale platforms for luxury goods, prompting traditional luxury brands to re-evaluate their strategies. This broader industry trend contributes to investor caution regarding companies in the sector.
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1. Pressure on Profitability and Adjusted Outlook in Fiscal Q1 2026.
Birkenstock's stock movement was significantly impacted by a decline in profitability metrics, despite strong revenue growth in its Fiscal First Quarter 2026 (ended December 31, 2025), reported on February 12, 2026. The company's gross margin decreased by 290 basis points year-over-year to 57.4%, and the adjusted EBITDA margin fell by 180 basis points year-over-year to 26.5%. These declines were primarily attributed to foreign exchange fluctuations and anticipated tariff impacts. Furthermore, Birkenstock adjusted its outlook for Fiscal Year 2026, projecting reported sales growth of 11.5% to €2.338 billion, a slight reduction from a prior estimate of €2.351 billion.
2. Broader Luxury Footwear Market Slowdown and Shifting Consumer Behavior.
The stock's decline also reflects a more challenging environment for the global fashion and luxury footwear industries. A McKinsey analysis projects that the global fashion industry will experience low single-digit growth in 2026, influenced by persistent macroeconomic uncertainty and a shift towards more value-conscious consumer behavior. Consumers are increasingly prioritizing quality and durability, and are more inclined to use resale platforms for luxury goods, prompting traditional luxury brands to re-evaluate their strategies. This broader industry trend contributes to investor caution regarding companies in the sector.
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Stock Movement Drivers
Fundamental Drivers
The -21.1% change in BIRK stock from 11/30/2025 to 3/29/2026 was primarily driven by a -36.9% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.33 | 34.19 | -21.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,027 | 2,138 | 5.5% |
| Net Income Margin (%) | 15.1% | 17.7% | 17.0% |
| P/E Multiple | 26.3 | 16.6 | -36.9% |
| Shares Outstanding (Mil) | 186 | 184 | 1.4% |
| Cumulative Contribution | -21.1% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BIRK | -21.1% | |
| Market (SPY) | -5.3% | 36.6% |
| Sector (XLY) | -10.4% | 41.5% |
Fundamental Drivers
The -34.4% change in BIRK stock from 8/31/2025 to 3/29/2026 was primarily driven by a -47.6% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 52.13 | 34.19 | -34.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,027 | 2,138 | 5.5% |
| Net Income Margin (%) | 15.1% | 17.7% | 17.0% |
| P/E Multiple | 31.7 | 16.6 | -47.6% |
| Shares Outstanding (Mil) | 186 | 184 | 1.4% |
| Cumulative Contribution | -34.4% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BIRK | -34.4% | |
| Market (SPY) | 0.6% | 32.0% |
| Sector (XLY) | -8.5% | 36.2% |
Fundamental Drivers
The -30.9% change in BIRK stock from 2/28/2025 to 3/29/2026 was primarily driven by a -60.9% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.48 | 34.19 | -30.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,863 | 2,138 | 14.7% |
| Net Income Margin (%) | 11.7% | 17.7% | 50.9% |
| P/E Multiple | 42.5 | 16.6 | -60.9% |
| Shares Outstanding (Mil) | 188 | 184 | 2.1% |
| Cumulative Contribution | -30.9% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BIRK | -30.9% | |
| Market (SPY) | 9.8% | 52.8% |
| Sector (XLY) | -1.3% | 54.7% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BIRK | ||
| Market (SPY) | 69.4% | 42.5% |
| Sector (XLY) | 49.0% | 43.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BIRK Return | - | - | 21% | 16% | -28% | -14% | -12% |
| Peers Return | 41% | -20% | 22% | 47% | -27% | -11% | 33% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| BIRK Win Rate | - | - | 67% | 42% | 50% | 33% | |
| Peers Win Rate | 67% | 38% | 62% | 52% | 43% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BIRK Max Drawdown | - | - | -10% | -14% | -32% | -18% | |
| Peers Max Drawdown | -6% | -46% | -18% | -11% | -52% | -17% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DECK, CROX, WWW, SHOO, CAL.
[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] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
BIRK has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.3% | -25.4% |
| % Gain to Breakeven | 67.4% | 34.1% |
| Time to Breakeven | 680 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.9% | -33.9% |
| % Gain to Breakeven | 51.3% | 51.3% |
| Time to Breakeven | 82 days | 148 days |
| 2018 Correction | ||
| % Loss | -21.9% | -19.8% |
| % Gain to Breakeven | 28.1% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.1% | -56.8% |
| % Gain to Breakeven | 150.8% | 131.3% |
| Time to Breakeven | 779 days | 1,480 days |
Compare to DECK, CROX, WWW, SHOO, CAL
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.
AI Analysis | Feedback
Here are 1-2 brief analogies for Birkenstock:
The Levi's of footwear
Patagonia for foot health and comfort
AI Analysis | Feedback
Birkenstock's major products are:
- Footbed-based Footwear: Birkenstock offers a broad, unisex portfolio of footwear anchored by iconic core silhouettes such as the Madrid, Arizona, Boston, Gizeh, and Mayari, all designed around their legendary footbed for natural walking.
AI Analysis | Feedback
Birkenstock (BIRK) primarily sells its products to individual consumers, reaching a "global fanbase of millions of consumers that uniquely transcends geography, gender, age and income." While the company also operates a B2B channel through "wholesale partners," the core narrative and brand identity are deeply focused on the end consumer. Given this broad appeal, Birkenstock's individual customers can be categorized based on their primary motivations and characteristics:
- Health and Comfort-Focused Consumers: This category comprises individuals who prioritize the core functional benefits of Birkenstock's products. They are drawn to the legendary footbed and its ability to encourage proper foot health, even weight distribution, and reduction of pressure points, aligning with the concept of "Naturgewolltes Gehen" (natural walking).
- Style-Conscious and Trend-Influenced Buyers: Birkenstock acknowledges that "Consumers buy our products for a thousand wrong reasons," suggesting a segment of customers initially attracted by the brand's iconic silhouettes, distinctive design elements, and new styles. These individuals may be influenced by fashion trends or a desire for a specific aesthetic, though the company aims for them to ultimately appreciate the functional benefits.
- Brand Loyalists and Quality Appreciators: This group values Birkenstock's deep heritage, "enduring commitment to quality," and "German made" craftsmanship. These consumers often develop long-lasting relationships with the brand, making repeat purchases (with the average U.S. consumer owning 3.6 pairs) due to trust in the product's durability, ethical sourcing, and traditional manufacturing processes.
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Oliver Reichert, Chief Executive Officer
Oliver Reichert was appointed CEO of Birkenstock in 2013, becoming the first top manager from outside the Birkenstock family to lead the company. He initially joined Birkenstock in 2009 as a consultant, tasked with transitioning 38 individual entities into the unified Birkenstock Group by 2012. Before his tenure at Birkenstock, he worked as a war correspondent and held an executive position, including CEO, at a German sports television station, Deutsches SportFernsehen GmbH. Reichert spearheaded the deal in May 2021 that involved selling a majority stake in Birkenstock to L Catterton, a private equity firm backed by luxury conglomerate LVMH. He also serves as a director of Birkenstock Holding plc and has held co-managing director roles for various Birkenstock-related entities.
Ivica Krolo, Chief Financial Officer
Ivica Krolo is appointed Chief Financial Officer, effective February 1, 2025. He joins Birkenstock from EMH Partners, a growth investment firm where he served as Partner and CFO since 2015, with responsibilities spanning finance, tax, legal, and corporate administration. His experience at EMH Partners indicates a pattern of managing companies backed by private equity firms. Prior to EMH Partners, Krolo worked as a Certified Public Auditor and Manager at PricewaterhouseCoopers, focusing on auditing and advising companies, and as an Audit Manager and Tax Consultant at Mazars. He holds a Master of Arts in Auditing, Finance, and Taxation and is a qualified German Tax Advisor and Certified Public Auditor.
Markus Baum, Chief Product Officer
Markus Baum serves as the Chief Product Officer at Birkenstock.
Klaus Baumann, CSO
Klaus Baumann holds the position of CSO (Chief Sales Officer) at Birkenstock.
David Kahan, President, Americas
David Kahan is the President for the Americas region at Birkenstock.
AI Analysis | Feedback
Key Risks to Birkenstock's Business:
- Concentration of Manufacturing and Supply Chain in Germany and Europe: Birkenstock emphasizes its "German made" ethos, with all footbeds produced in Germany, over 95% of products assembled in Germany, and materials primarily sourced from Europe. While this ensures quality and tradition, it creates a significant dependency on the economic, labor, and political stability of these regions. Any disruptions, such as increased manufacturing costs, supply chain bottlenecks, labor disputes, or trade policy changes within Germany or the broader EU, could directly and severely impact production capacity and profitability.
- Reliance on Enduring Appeal of Core Products and Functional Proposition: The company's success is deeply rooted in its "legendary BIRKENSTOCK footbed" and "iconic Core Silhouettes" like the Madrid, Arizona, Boston, Gizeh, and Mayari. While these drive consistent revenue and consumers reportedly return for the "functional proposition," there is an inherent risk if fashion trends significantly shift away from their established aesthetic or if consumer preferences evolve beyond their specific functional benefits. A decline in the popularity of these core products or a failure to adapt to changing consumer tastes could materially impact sales and brand relevance.
- Supply Capacity Constraints: Birkenstock employs an "engineered distribution" model that "balances the growing demand for our products and our constrained supply capacity to create scarcity in the market." While this strategy can build brand desire, persistent or unmanaged supply constraints pose a risk. If the company cannot adequately scale its production to meet increasing global demand, it could lead to missed sales opportunities, frustrate consumers, and potentially allow competitors to gain market share by offering readily available alternatives.
AI Analysis | Feedback
nullAI Analysis | Feedback
Birkenstock (symbol: BIRK) primarily addresses the global footwear market, with significant presence in the sandals and comfort footwear segments.
The global footwear market size was estimated at approximately 476.83 billion USD in 2025 and is projected to reach around 675.56 billion USD by 2033, growing at a Compound Annual Growth Rate (CAGR) of 4.5% from 2026 to 2033. Other estimates place the global footwear market at 423.35 billion USD in 2024, with projections to reach 618.39 billion USD by 2033 at a CAGR of 4.3% during 2025-2033.
More specifically, for its main products, the global sandals market was valued at approximately 66.79 billion USD in 2025 and is projected to reach 110.28 billion USD by 2034, exhibiting a CAGR of 5.73% during the forecast period. Another estimate pegs the global sandals market at around 34.88 billion USD in 2024, projected to reach 48.10 billion USD by 2033 at a 3.6% CAGR.
The global comfort footwear market, a key area for Birkenstock, is expected to be valued at 47.37 billion USD in 2028, displaying a CAGR of 10.32% during 2023-2028.
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Birkenstock (BIRK) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Direct-to-Consumer (DTC) Channel Expansion: Birkenstock is accelerating its DTC presence, primarily through robust e-commerce growth and the strategic opening of new owned retail stores globally. This channel has demonstrated significant revenue growth and is a key focus for the company to better control distribution, manage inventory, and enhance direct customer relationships. The company plans to open approximately 40 new owned retail stores worldwide in fiscal 2026.
- Product Portfolio Diversification and Innovation: The company is expanding its product range beyond its iconic sandals, with a particular emphasis on closed-toe silhouettes. These products command higher average selling prices (ASPs) and help balance seasonality by being suitable for colder months. Birkenstock is continuously developing new styles and exploring categories like water-friendly and high-grip outsoles.
- Geographic Market Expansion, particularly in Asia-Pacific (APAC): Birkenstock identifies significant growth potential by increasing brand awareness and extending its "engineered distribution model" into new regions. A strong focus is placed on the Asia-Pacific market, where the company aims to double its business, and it also sees continued expansion opportunities in the Americas despite its relative maturity.
- Increased Production Capacity: To meet the consistent demand that often exceeds its supply, Birkenstock is making substantial investments in expanding its manufacturing capabilities. This includes acquiring new production and logistics facilities to address past supply constraints and enable further growth.
- Premiumization Strategy and Pricing Power: Birkenstock maintains a premiumization strategy, characterized by raising prices and achieving high full-price sell-through rates. This is underpinned by the brand's strength and a "scarcity by design" philosophy, which helps sustain demand higher than supply and allows for growth in average selling prices.
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Share Repurchases- Birkenstock approved a $200 million share repurchase program for fiscal 2026.
- The company repurchased 3,927,344 ordinary shares for approximately $200 million (€176 million) on May 30, 2025, which were subsequently cancelled.
- Birkenstock completed its Initial Public Offering (IPO) in October 2023, offering 32,258,064 ordinary shares at $46.00 per share, which generated gross proceeds of approximately $1.5 billion.
- Birkenstock itself offered 10,752,688 ordinary shares in the IPO, receiving gross proceeds of about $494.5 million, which it intended to use for debt repayment.
- The selling shareholder, L Catterton, offered 21,505,376 ordinary shares in the IPO, from which Birkenstock did not receive any proceeds.
- In 2021, L Catterton, a private equity firm backed by LVMH, acquired a majority stake in Birkenstock in a deal that valued the company at approximately $4.3 billion (€4 billion).
- Birkenstock's capital expenditures averaged €73.035 million annually for the fiscal years ending September 2021 to 2025.
- Capital expenditures peaked at €108 million in September 2023 and were €85 million in fiscal 2025, primarily focused on expanding production capacity.
- For fiscal 2026, the company plans capital expenditures in the range of €110-130 million to expand capacity, improve logistics, management, and production processes, and open approximately 40 new own-retail stores worldwide.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| With Birkenstock Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to BIRK.
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|---|---|---|---|---|---|---|---|
| 02272026 | MBLY | Mobileye Global | Dip Buy | DB | Cash/EquityDip Buyer with High Net Cash % EquityBuying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation | 0.0% | 0.0% | 0.0% |
| 02202026 | SAH | Sonic Automotive | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.9% | -5.9% | -6.1% |
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| 02132026 | SONO | Sonos | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.7% | -0.7% | -4.6% |
| 02062026 | DECK | Deckers Outdoor | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.6% | 1.6% | -0.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 33.65 |
| Mkt Cap | 3.2 |
| Rev LTM | 2,618 |
| Op Inc LTM | 353 |
| FCF LTM | 194 |
| FCF 3Y Avg | 237 |
| CFO LTM | 265 |
| CFO 3Y Avg | 298 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.0% |
| Rev Chg 3Y Avg | 4.5% |
| Rev Chg Q | 6.9% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | 15.0% |
| Op Mgn 3Y Avg | 15.6% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 12.3% |
| CFO/Rev 3Y Avg | 15.3% |
| FCF/Rev LTM | 9.5% |
| FCF/Rev 3Y Avg | 12.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.2 |
| P/S | 1.0 |
| P/EBIT | 10.6 |
| P/E | 14.9 |
| P/CFO | 11.3 |
| Total Yield | 6.8% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 7.6% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.0% |
| 3M Rtn | -16.2% |
| 6M Rtn | -16.8% |
| 12M Rtn | -20.3% |
| 3Y Rtn | -7.4% |
| 1M Excs Rtn | -7.5% |
| 3M Excs Rtn | -7.7% |
| 6M Excs Rtn | -12.3% |
| 12M Excs Rtn | -35.2% |
| 3Y Excs Rtn | -68.4% |
Price Behavior
Price Behavior
| Market Price | $34.19 | |
| Market Cap ($ Bil) | 6.3 | |
| First Trading Date | 10/11/2023 | |
| Distance from 52W High | -40.7% | |
| 50 Days | 200 Days | |
| DMA Price | $38.49 | $44.13 |
| DMA Trend | down | down |
| Distance from DMA | -11.2% | -22.5% |
| 3M | 1YR | |
| Volatility | 44.6% | 39.6% |
| Downside Capture | 1.15 | 0.91 |
| Upside Capture | 122.58 | 76.11 |
| Correlation (SPY) | 48.6% | 51.4% |
BIRK Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.31 | 1.48 | 1.11 | 0.84 | 1.06 | 0.13 |
| Up Beta | 0.94 | 2.60 | 1.98 | 1.31 | 1.32 | -0.09 |
| Down Beta | 2.55 | 1.72 | 1.63 | 1.03 | 0.80 | -0.29 |
| Up Capture | 196% | 112% | 46% | 19% | 70% | 52% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 20 | 31 | 56 | 122 | 297 |
| Down Capture | 14% | 99% | 77% | 99% | 109% | 99% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 21 | 30 | 67 | 127 | 293 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BIRK | |
|---|---|---|---|---|
| BIRK | -26.7% | 39.6% | -0.70 | - |
| Sector ETF (XLY) | 4.6% | 23.6% | 0.13 | 52.4% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 51.5% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 7.9% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 15.2% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 49.4% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 30.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BIRK | |
|---|---|---|---|---|
| BIRK | -3.1% | 40.1% | -0.07 | - |
| Sector ETF (XLY) | 5.6% | 23.7% | 0.20 | 43.4% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 42.5% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 7.0% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 7.1% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 36.8% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 23.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BIRK | |
|---|---|---|---|---|
| BIRK | -1.6% | 40.1% | -0.07 | - |
| Sector ETF (XLY) | 11.6% | 21.9% | 0.49 | 43.4% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 42.5% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 7.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 7.1% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 36.8% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 23.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 6-K |
| 09/30/2025 | 12/18/2025 | 20-F |
| 06/30/2025 | 08/14/2025 | 6-K |
| 03/31/2025 | 05/15/2025 | 6-K |
| 12/31/2024 | 02/20/2025 | 6-K |
| 09/30/2024 | 12/18/2024 | 20-F |
| 06/30/2024 | 08/29/2024 | 6-K |
| 03/31/2024 | 05/30/2024 | 6-K |
| 12/31/2023 | 02/29/2024 | 6-K |
| 09/30/2023 | 01/18/2024 | 20-F |
| 06/30/2023 | 09/15/2023 | F-1/A |
| 03/31/2023 | 09/12/2023 | F-1 |
| 12/31/2022 | 02/29/2024 | 6-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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