Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Better Bets vs. SKX Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Skechers USA (SKX)

Market Price (9/30/2025): $63.22 | Market Cap: $9.5 Bil
Sector: Consumer Discretionary | Industry: Footwear

Skechers USA (SKX)

Market Price (9/30/2025): $63.22
Market Cap: $9.5 Bil
Sector: Consumer Discretionary
Industry: Footwear

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%		  
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%

Market Valuation

 9/30/252024202320222021
Share Price CYE$63.22$67.24$62.34$41.95$43.40
Market Cap CYE ($ Bil)9.510.19.66.56.8
Total Debt ($ Bil)2.21.91.71.61.7
Total Cash ($ Bil)1.51.21.30.70.9
Enterprise Value ($ Bil)10.212.011.38.18.5
Valuation Ratios     
P/S TTM1.01.11.20.91.1
P/EBIT TTM11.311.312.311.911.3
P/E TTM14.216.017.617.59.1
Sector Ratios     
P/S TTM (Sector)0.80.80.90.81.3
P/EBIT TTM (Sector)7.36.97.05.57.4
P/E TTM (Sector)9.48.18.97.49.1
 9/30/2520242023
Share Price CYE$63.22$67.24$62.34
Market Cap CYE ($ Bil)9.510.19.6
Total Debt ($ Bil)2.21.91.7
Total Cash ($ Bil)1.51.21.3
Enterprise Value ($ Bil)10.212.011.3
Valuation Ratios   
P/S TTM1.01.11.2
P/EBIT TTM11.311.312.3
P/E TTM14.216.017.6
Sector Ratios   
P/S TTM (Sector)0.80.80.9
P/EBIT TTM (Sector)7.36.97.0
P/E TTM (Sector)9.48.18.9

Business Description

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women worldwide. The company operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
SKX Return-17%21%-3%49%8%-6%46%
Peers Return22%36%-20%13%-5%-28%3%
S&P 500 Return16%27%-19%24%23%13%106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NKE, LULU, CROX, COLM, SHOO. See SKX Returns vs. Peers.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than Skechers USA (SKX)

 SKXBetter Performance than SKX
MetricValueIndustry (Footwear)
Rev Chg LTM12.1%ONON (35.7%), DECK (16.3%), BIRK (17.6%)
Rev Chg 3Y Avg10.9%ONON (43.6%), DECK (16.5%), CROX (14.5%), AREB (511.9%)
Op Mgn LTM8.9%ONON (10.9%), DECK (23.6%), BIRK (26.3%), CROX (24.2%), WEYS (11.6%)
CFO/Rev LTM6.8%ONON (15.3%), DECK (21.0%), BIRK (18.4%), CROX (20.2%), WWW (8.3%)
FCF/Rev LTM0.7%ONON (12.8%), DECK (19.2%), BIRK (14.5%), CROX (18.6%), SHOO (5.1%)
Total Yield7.0%WEYS (19.4%), RCKY (10.6%)
 SKXBetter Performance than SKX
MetricValueAll Other Sectors
Rev Chg LTM12.1%NVDA (71.6%), MSFT (14.9%), GOOGL (13.1%), META (19.4%), AVGO (28.0%)
Rev Chg 3Y Avg10.9%NVDA (92.0%), MSFT (12.5%), META (13.0%), AVGO (24.0%), BRK-B (16.6%)
Op Mgn LTM8.9%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM6.8%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM0.7%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield7.0%XOM (9.8%), JNJ (8.0%), UNH (9.3%), KO (7.3%), WFC (9.5%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Skechers USA Earnings Notes  
2Skechers USA vs Newmont: Which Is A Better Investment?Counter-Intuitive Comparisons 
3How Does SKX Stack Up Against Its Peers?Peer Comparison 
4Better Bet Than SKX Stock: Pay Less Than Skechers USA To Get More From OKE, CCL   
5Better Bet Than SKX Stock: Pay Less Than Skechers USA To Get More From CCL, GRBK   
6SKX Dip Buy Analysis  
7Skechers USA Total Shareholder Return (TSR): 7.9% in 2024 and 15.7% 3-yr compounded annual returns (above peer average)  
8Skechers USA (SKX) Operating Cash Flow ComparisonFinancials 
9Skechers USA (SKX) Net Income ComparisonFinancials 
10Skechers USA (SKX) Operating Income ComparisonFinancials 
11ARTICLES  
12Under Armour Or Skechers? October 6th, 2020
13Lululemon Vs Skechers: Lululemon Is Well Ahead Of Its Rival October 1st, 2020
14Nike Stock Offers Better Return Prospects Than Skechers August 26th, 2020
15Just A Matter Of Time Before Skechers Stock Recovers To $38? July 1st, 2020
16Skechers or Crocs: Which Footwear Company Is A Better Bet? June 10th, 2020
Title
0DASHBOARDS
1Under Armour Or Skechers?
2Lululemon Vs Skechers: Lululemon Is Well Ahead Of Its Rival
3Nike Stock Offers Better Return Prospects Than Skechers
4Just A Matter Of Time Before Skechers Stock Recovers To $38?
5Skechers or Crocs: Which Footwear Company Is A Better Bet?
6ARTICLES
7Skechers USA Earnings Notes
8Skechers USA vs Newmont: Which Is A Better Investment?
9How Does SKX Stack Up Against Its Peers?
10Better Bet Than SKX Stock: Pay Less Than Skechers USA To Get More From OKE, CCL 
11Better Bet Than SKX Stock: Pay Less Than Skechers USA To Get More From CCL, GRBK 
12SKX Dip Buy Analysis
13Skechers USA Total Shareholder Return (TSR): 7.9% in 2024 and 15.7% 3-yr compounded annual returns (above peer average)
14Skechers USA (SKX) Operating Cash Flow Comparison
15Skechers USA (SKX) Net Income Comparison
16Skechers USA (SKX) Operating Income Comparison

Trade Ideas

Select past trade ideas related to SKX and Footwear.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
KSS_7312025_Short_Squeeze07312025KSSKohl'sSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		50.9%50.9%-1.0%
LULU_6302025_Dip_Buyer_ValueBuy06302025LULULululemon AthleticaDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-25.8%-25.8%-32.7%
BBWI_5312025_Dip_Buyer_FCFYield05312025BBWIBath & Body WorksDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.8%-3.8%-9.7%
BLD_5312025_Dip_Buyer_ValueBuy05312025BLDTopBuildDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		39.1%39.1%-0.8%
IGT_5312025_Dip_Buyer_ValueBuy05312025IGTInternational Game TechnologyDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		10.7%10.7%-1.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
KSS_7312025_Short_Squeeze07312025KSSKohl'sSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		50.9%50.9%-1.0%
LULU_6302025_Dip_Buyer_ValueBuy06302025LULULululemon AthleticaDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-25.8%-25.8%-32.7%
BBWI_5312025_Dip_Buyer_FCFYield05312025BBWIBath & Body WorksDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.8%-3.8%-9.7%
BLD_5312025_Dip_Buyer_ValueBuy05312025BLDTopBuildDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		39.1%39.1%-0.8%
IGT_5312025_Dip_Buyer_ValueBuy05312025IGTInternational Game TechnologyDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		10.7%10.7%-1.1%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1FTELFitell1068.4%-96.0%
2WOLFWolfspeed886.6%231.8%
3WHLRWheeler Real Estate Investment Trust404.4%-99.7%
4MNDRMobile-health Network Solutions388.0%-71.1%
5QUREuniQure329.5%236.4%
6NUAINew Era Energy & Digital311.7% 
7BQBoqii208.5%153.9%
8DVLTDatavault AI180.5% 
9DFLIDragonfly Energy132.9%-76.4%
10SHFSSHF130.9%-18.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1WOKWORK Medical Technology-91.5%-98.5%
2KALAKala Bio-89.0%-70.5%
3MLTXMoonLake Immunotherapeutics-88.6%-88.5%
4SDMSmart Digital-87.5%-83.8%
5NRIMNorthrim BanCorp-76.1%14.0%
6IOBTIO Biotech-75.5%-60.3%
7ZYBTZhengye Biotechnology-74.9% 
8AMBIAmbipar Emergency Response-74.0%-78.8%
9FGLFounder-63.8%-64.3%
10BINIBollinger Innovations-63.6%-100.0%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical13709.5%13709.5%
2TNFATNF Pharmaceuticals7529.9%-95.9%
3QMMMQMMM2749.6%9228.1%
4WOLFWolfspeed1757.1%231.8%
5EAFGrafTech International1199.0%-24.2%
6SEGGLottery.com646.7%-7.9%
7SLNHSoluna435.8%20.0%
8PTNMPitanium433.3% 
9NUAINew Era Energy & Digital395.6% 
10BREABrera380.3%3593.8%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1BINIBollinger Innovations-96.1%-100.0%
2WOKWORK Medical Technology-90.8%-98.5%
3CJETChijet Motor-90.3%-92.7%
4MLTXMoonLake Immunotherapeutics-88.6%-88.5%
5YAASYouxin Technology-85.8%-98.9%
6ATYRaTyr Pharma-85.1%-78.0%
7CURXCuranex Pharmaceuticals-84.9%28.8%
8YYGHYY-84.6%-80.3%
9NEONNeonode-84.6%-58.7%
10SDMSmart Digital-82.5%-83.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1FTELFitell1068.4%-96.0%
2WOLFWolfspeed886.6%231.8%
3WHLRWheeler Real Estate Investment Trust404.4%-99.7%
4MNDRMobile-health Network Solutions388.0%-71.1%
5QUREuniQure329.5%236.4%
6NUAINew Era Energy & Digital311.7% 
7BQBoqii208.5%153.9%
8DVLTDatavault AI180.5% 
9DFLIDragonfly Energy132.9%-76.4%
10SHFSSHF130.9%-18.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1WOKWORK Medical Technology-91.5%-98.5%
2KALAKala Bio-89.0%-70.5%
3MLTXMoonLake Immunotherapeutics-88.6%-88.5%
4SDMSmart Digital-87.5%-83.8%
5NRIMNorthrim BanCorp-76.1%14.0%
6IOBTIO Biotech-75.5%-60.3%
7ZYBTZhengye Biotechnology-74.9% 
8AMBIAmbipar Emergency Response-74.0%-78.8%
9FGLFounder-63.8%-64.3%
10BINIBollinger Innovations-63.6%-100.0%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Skechers USA

Financials

SKXNKELULUCROXCOLMSHOOMedian
NameSkechers.Nike Lululemo.Crocs Columbia.Steven M. 
Mkt Price-69.55179.1183.7651.6533.8969.55
Mkt Cap9.5102.721.44.72.82.47.1
Rev LTM9,41246,30910,9044,1393,4122,3206,775
Op Inc LTM8373,7022,4951,003273136920
FCF LTM633,2681,168769257118513
FCF 3Y Avg3954,9191,279799326210597
CFO LTM6413,6981,912837319152739
CFO 3Y Avg8175,6561,964887384234852

Growth & Margins

SKXNKELULUCROXCOLMSHOOMedian
NameSkechers.Nike Lululemo.Crocs Columbia.Steven M. 
Rev Chg LTM12.1%-9.8%9.2%2.0%0.8%8.0%5.0%
Rev Chg 3Y Avg10.9%0.0%15.8%14.5%1.5%2.3%6.6%
Rev Chg Q13.1%-12.0%6.5%3.4%6.1%6.8%6.3%
QoQ Delta Rev Chg LTM3.1%-3.2%1.4%0.9%1.0%1.6%1.2%
Op Mgn LTM8.9%8.0%22.9%24.2%8.0%5.8%8.4%
Op Mgn 3Y Avg9.2%10.6%22.7%25.5%9.3%9.4%10.0%
QoQ Delta Op Mgn LTM-0.6%-2.3%-0.5%-0.6%-0.1%-4.1%-0.6%
CFO/Rev LTM6.8%8.0%17.5%20.2%9.4%6.6%8.7%
CFO/Rev 3Y Avg9.7%11.3%19.8%22.0%11.3%11.3%11.3%
FCF/Rev LTM0.7%7.1%10.7%18.6%7.5%5.1%7.3%
FCF/Rev 3Y Avg4.8%9.8%12.9%19.8%9.6%10.1%10.0%

Valuation

SKXNKELULUCROXCOLMSHOOMedian
NameSkechers.Nike Lululemo.Crocs Columbia.Steven M. 
Mkt Cap9.5102.721.44.72.82.47.1
P/S1.02.22.01.10.81.01.1
P/EBIT11.327.78.617.210.417.714.3
P/E14.231.912.019.812.626.417.0
P/CFO14.827.811.25.68.915.813.0
Total Yield7.0%3.1%8.3%5.1%10.3%6.3%6.7%
Dividend Yield0.0%0.0%0.0%0.0%2.4%2.5%0.0%
FCF Yield 3Y Avg4.1%3.9%3.6%11.4%7.7%8.8%5.9%
D/E0.20.10.10.40.20.20.2
Net D/E0.10.00.00.3-0.00.20.1

Returns

SKXNKELULUCROXCOLMSHOOMedian
NameSkechers.Nike Lululemo.Crocs Columbia.Steven M. 
1M Rtn--9.6%-11.4%-3.9%-7.3%17.5%-7.3%
3M Rtn--1.6%-24.6%-17.3%-15.0%42.3%-15.0%
6M Rtn-10.9%-36.7%-21.1%-31.1%29.1%-21.1%
12M Rtn--20.5%-36.0%-42.0%-36.5%-28.5%-36.0%
3Y Rtn--12.1%-35.9%22.0%-19.5%36.6%-12.1%
1M Excs Rtn--12.7%-15.1%-5.4%-8.6%14.5%-8.6%
3M Excs Rtn--8.9%-32.0%-24.7%-22.3%34.9%-22.3%
6M Excs Rtn--8.2%-58.2%-40.3%-50.1%9.7%-40.3%
12M Excs Rtn--35.6%-47.5%-57.9%-50.8%-43.6%-47.5%
3Y Excs Rtn--103.1%-118.8%-55.5%-97.8%-48.2%-97.8%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/8/20255/2/20252/28/202511/1/20248/2/20245/3/20242/28/202411/8/20238/4/20235/5/20232/28/202311/4/2022
Key Financials Quarterly            
Total Revenue2,4402,4122,2122,3482,1582,2521,9612,0252,0132,0021,8791,878
Ebitda233322224287257348181259262265130169
Operating Income17326516623320729913021321822487130
Net Income17020299193140207871451531607686
EPS1.141.350.661.270.921.350.570.940.991.030.490.55
Key Financials TTM            
Total Revenue TTM9,4129,1298,9698,7188,3958,2508,0007,9187,7727,6277,4457,221
Ebitda TTM1,0661,0901,1161,0731,0451,050967916825753700703
Operating Income TTM837871904869849860785741658594547553
Net Income TTM665635639627580592546534475412373700
Growth Rates Quarterly            
Total Revenue Growth13.1%7.1%12.8%15.9%7.2%12.5%4.4%7.8%7.7%10.0%13.5%20.5%
EBITDA Growth-9.2%-7.5%23.8%10.7%-1.8%31.4%39.3%53.8%38.0%24.8%-1.8%-6.5%
Operating Income Growth-16.2%-11.3%27.0%9.5%-5.1%33.6%50.4%64.0%41.2%27.1%-6.9%-11.1%
Net Income Growth21.5%-2.0%13.9%32.9%-8.2%28.8%15.4%69.3%69.0%32.4%-81.2%-16.7%
Margins Quarterly            
EBITDA Margin9.6%13.4%10.1%12.2%11.9%15.5%9.2%12.8%13.0%13.2%6.9%9.0%
Operating Income Margin7.1%11.0%7.5%9.9%9.6%13.3%6.6%10.5%10.8%11.2%4.6%6.9%
Net Income Margin7.0%8.4%4.5%8.2%6.5%9.2%4.4%7.2%7.6%8.0%4.0%4.6%
Cash & Debt            
Total Cash1,4831,1011,2351,4681,4111,1091,2631,164977850718611
Total Debt2,2472,1471,9292,0941,7701,7461,6841,6641,6811,7011,6421,611
Net Debt / (Cash)7631,0466946263606374214997048529241,000
Cash Flows Quarterly            
FCF from Operations554-106233-40532-38312343340235281-198
Cash Flows TTM            
FCF from Operations TTM6416196877671,1509581,2311,200659608238-84
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-012090606060403030-025
Return on Invested Capital (ROIC) Quarterly            
ROIC75.8%78.8%84.1%122.9%151.7%124.1%64.5%92.5%73.2%63.1%25.2%33.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM90.9%68.3%108.3%109.7%156.2%89.3%98.9%82.6%55.9%42.5%36.1%43.1%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Wholesale4,5054,6323,759  
Direct-to-Consumer Sales3,4962,8122,5521,2131,510
Domestic wholesale   1,1271,248
International wholesale   2,2582,463
Total8,0007,4456,3104,5975,220


Assets by Segment
$ Mil20242023202220212020
Direct-to-Consumer Sales3,940  1,4301,321
Wholesale3,608    
Domestic wholesale   1,9461,472
International wholesale   2,4372,100
Total7,547  5,8124,893


Price Behavior

SKX Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.080.060.100.910.901.01
Up Beta-0.01-0.000.021.040.800.99
Down Beta0.200.210.251.201.111.12
Up Capture5%3%11%48%67%95%
Bmk +ve Days10223571142415
Stock +ve Days9193161125379
Down Capture13%6%6%64%99%99%
Bmk -ve Days11192754106334
Stock -ve Days8162355114359

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

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/8/2025-0.1%0.0%0.5%
4/24/2025-5.3%-5.5%22.5%
2/6/2025-12.7%-15.0%-27.3%
10/24/2024-3.9%-0.3%0.1%
7/25/20241.6%-0.7%9.6%
4/25/202411.2%12.3%16.1%
10/26/2023-1.5%0.8%22.1%
7/27/20239.8%6.6%-5.3%
...
SUMMARY STATS   
# Positive131414
# Negative1099
Median Positive5.0%4.7%7.2%
Median Negative-4.6%-5.0%-7.0%
Max Positive16.6%15.6%22.5%
Max Negative-12.7%-15.0%-27.3%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025808202510-Q 6/30/2025
3312025502202510-Q 3/31/2025
12312024228202510-K 12/31/2024
93020241101202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021225202210-K 12/31/2021
93020211103202110-Q 9/30/2021

Insider Activity

Expand for More

 

External Quote Links


Prefer one of these to Trefis? Tell us why.