Crocs (CROX)
Market Price (9/14/2025): $77.57 | Market Cap: $4.3 BilSector: Consumer Discretionary | Industry: Footwear
Crocs (CROX)
Market Price (9/14/2025): $77.57Market Cap: $4.3 BilSector: Consumer DiscretionaryIndustry: Footwear
Investment Highlights
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, FCF Yield is 18% | Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -64% | |
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, FCF Yield is 18% |
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -64% |
Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
Market Valuation
9/14/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $77.57 | $109.53 | $93.41 | $108.43 | $128.22 |
Market Cap CYE ($ Bil) | 4.3 | 6.3 | 5.7 | 6.7 | 7.5 |
Total Debt ($ Bil) | 1.8 | 1.7 | 2.0 | 2.6 | 1.0 |
Total Cash ($ Bil) | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 |
Enterprise Value ($ Bil) | 5.9 | 8.0 | 7.7 | 9.3 | 8.5 |
Valuation Ratios | |||||
P/S TTM | 1.1 | 1.6 | 1.4 | 1.9 | 3.5 |
P/EBIT TTM | 15.9 | 6.4 | 5.5 | 7.8 | 11.7 |
P/E TTM | 18.3 | 6.8 | 7.2 | 12.3 | 11.0 |
Sector Ratios | |||||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 | 0.8 | 1.3 |
P/EBIT TTM (Sector) | 7.3 | 6.9 | 7.0 | 5.5 | 7.4 |
P/E TTM (Sector) | 9.6 | 8.1 | 8.9 | 7.3 | 9.2 |
9/14/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $77.57 | $109.53 | $93.41 |
Market Cap CYE ($ Bil) | 4.3 | 6.3 | 5.7 |
Total Debt ($ Bil) | 1.8 | 1.7 | 2.0 |
Total Cash ($ Bil) | 0.2 | 0.2 | 0.1 |
Enterprise Value ($ Bil) | 5.9 | 8.0 | 7.7 |
Valuation Ratios | |||
P/S TTM | 1.1 | 1.6 | 1.4 |
P/EBIT TTM | 15.9 | 6.4 | 5.5 |
P/E TTM | 18.3 | 6.8 | 7.2 |
Sector Ratios | |||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 |
P/EBIT TTM (Sector) | 7.3 | 6.9 | 7.0 |
P/E TTM (Sector) | 9.6 | 8.1 | 8.9 |
Business Description
Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name. The company sells its products in approximately 85 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
CROX Return | 50% | 105% | -15% | -14% | 17% | -29% | 85% |
Peers Return | 30% | 18% | -10% | 31% | 1% | -20% | 48% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: NKE, LULU, DECK, SKX, FL. See CROX Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)
Latest Trefis Analyses
Title | Topic | Date | |
---|---|---|---|
DASHBOARDS | |||
Crocs Earnings Notes | |||
Is The 23.4% Decline In Crocs (CROX) Stock A Dip Buying Opportunity? | Actionable | ||
CROX's 13% Single Week Rise Brings Valuations Into Focus - Is IBKR a Better Deal? | Counter-Intuitive Comparisons | ||
As CROX Surges 13% in a Week, RRR's Story Stands Out | Counter-Intuitive Comparisons | ||
Is The 23.3% Decline In Crocs (CROX) Stock A Dip Buying Opportunity? | Actionable | ||
Better Bet Than CROX Stock: Pay Less Than Crocs To Get More From IBKR, PRÂ | |||
CROX Dip Buy Analysis | |||
Crocs vs. EchoStar: With Return Forecast Of 20%, Crocs Is A Better Bet | Peer Comparison | ||
Crocs vs. Repligen: With Return Forecast Of 20%, Crocs Is A Better Bet | Peer Comparison | ||
Crocs vs. Vornado Realty Trust: With Return Forecast Of 20%, Crocs Is A Better Bet | Peer Comparison | ||
ARTICLES | |||
Is The 23% Drop In CROX Stock, A Buying Opportunity? | August 20th, 2025 | ||
CROX Stock Sinks 23%, Is A Rebound Coming? | August 14th, 2025 | ||
What’s The Deal With Crocs Stock? | August 8th, 2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Crocs
Financials
Median | |
---|---|
Name | |
Mkt Price | 77.57 |
Mkt Cap | 17.9 |
Rev LTM | 8,636 |
Op Inc LTM | 1,091 |
FCF LTM | 864 |
FCF 3Y Avg | 792 |
CFO LTM | 941 |
CFO 3Y Avg | 879 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 5.6% |
Rev Chg 3Y Avg | 12.7% |
Rev Chg Q | 4.9% |
QoQ Delta Rev Chg LTM | 1.1% |
Op Mgn LTM | 15.9% |
Op Mgn 3Y Avg | 15.9% |
QoQ Delta Op Mgn LTM | -0.5% |
CFO/Rev LTM | 12.8% |
CFO/Rev 3Y Avg | 15.6% |
FCF/Rev LTM | 8.9% |
FCF/Rev 3Y Avg | 11.4% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 17.9 |
P/S | 1.8 |
P/EBIT | 14.4 |
P/E | 18.3 |
P/CFO | 14.8 |
Total Yield | 5.4% |
Dividend Yield | 0.0% |
FCF Yield 3Y Avg | 4.0% |
D/E | 0.1 |
Net D/E | 0.0 |
Returns
Median | |
---|---|
Name | |
1M Rtn | -4.7% |
3M Rtn | 1.1% |
6M Rtn | -0.2% |
12M Rtn | -24.0% |
3Y Rtn | 0.0% |
1M Excs Rtn | -6.8% |
3M Excs Rtn | -8.2% |
6M Excs Rtn | -18.0% |
12M Excs Rtn | -40.0% |
3Y Excs Rtn | -64.0% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Crocs Brand | 3,013 | 2,659 | 2,313 | ||
HEYDUDE Brand | 949 | 896 | 0 | ||
Direct-to-consumer | 693 | ||||
Wholesale | 693 | 656 | |||
E-commerce | 227 | ||||
Retail | 347 | ||||
Total | 3,962 | 3,555 | 2,313 | 1,386 | 1,231 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Crocs Brand | 1,079 | 852 | 861 | ||
HEYDUDE Brand | 212 | 211 | 0 | ||
Enterprise corporate costs | -255 | -213 | -178 | ||
Total | 1,037 | 851 | 683 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/7/2025 | -29.2% | -20.7% | -17.8% |
5/8/2025 | 9.8% | 17.4% | 0.7% |
2/13/2025 | 23.9% | 22.6% | 11.0% |
10/29/2024 | -19.2% | -23.0% | -24.6% |
8/1/2024 | -2.6% | -6.1% | 8.1% |
5/7/2024 | 7.8% | 12.9% | 16.9% |
2/15/2024 | 12.2% | 8.2% | 18.3% |
11/2/2023 | -5.3% | -5.1% | 21.9% |
... | |||
SUMMARY STATS | |||
# Positive | 11 | 10 | 12 |
# Negative | 11 | 12 | 10 |
Median Positive | 9.8% | 10.6% | 15.3% |
Median Negative | -10.7% | -15.8% | -19.2% |
Max Positive | 23.9% | 22.6% | 55.1% |
Max Negative | -29.2% | -27.5% | -45.6% |
SEC Filings
Expand for MoreReport Date | Filing |
---|---|
6302025 | 10-Q 6/30/2025 |
3312025 | 10-Q 3/31/2025 |
12312024 | 10-K 12/31/2024 |
9302024 | 10-Q 9/30/2024 |
6302024 | 10-Q 6/30/2024 |
3312024 | 10-Q 3/31/2024 |
12312023 | 10-K 12/31/2023 |
9302023 | 10-Q 9/30/2023 |
6302023 | 10-Q 6/30/2023 |
3312023 | 10-Q 3/31/2023 |
12312022 | 10-K 12/31/2022 |
9302022 | 10-Q 9/30/2022 |
6302022 | 10-Q 6/30/2022 |
3312022 | 10-Q 3/31/2022 |
12312021 | 10-K 12/31/2021 |
9302021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Healy Susan L. | EVP, Chief Financial Officer | 8142025 | Buy | 76.56 | 2,000 | 153,120 | 3,833,972 | Form |
1 | REPLOGLE JOHN B | 8132025 | Buy | 76.30 | 336 | 25,637 | 953,165 | Form | |
2 | SMACH THOMAS J | 5132025 | Sell | 109.47 | 9,139 | 1,000,446 | 11,982,367 | Form | |
3 | Bickley Ian | 5132025 | Sell | 115.89 | 3,044 | 352,784 | 3,187,692 | Form | |
4 | SISLER SHANNON | EVP, Chief People Officer | 2212025 | Sell | 109.75 | 4,659 | 511,325 | 3,215,565 | Form |
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