(CROX) Crocs - NASDAQ
Sector: Consumer Cyclical | Industry: Footwear & Accessories | Exchange: NASDAQ (USA) | Market Cap: 6.315m USD | Total Return: 28.4% in 12m
Avg Turnover: 150M
EPS Trend: 49.3%
Qual. Beats: 16
Rev. Trend: 67.8%
Qual. Beats: 3
Warnings
High Debt/EBITDA (9.3) with thin interest coverage (1.5)
Tailwinds
Supp Ema8, Rs Leader, Idiosyncratic Leader, Tailwind
Crocs, Inc. (CROX) is a U.S.-based casual lifestyle footwear and accessories company that designs, manufactures, markets, and distributes products for men, women, and children under two flagship brands: Crocs and HEYDUDE, with sales spanning domestic and international markets. Its product portfolio is broad within the casual footwear category, spanning clogs, sandals, loafers, boots, slides, sneakers, slippers, and flats, alongside accessories such as totes, backpacks, socks, and bag charms. The company operates a multi-channel distribution model that combines wholesale, company-owned retail stores, e-commerce sites, third-party marketplaces, outlet stores, and kiosk/store-in-store locations, which is typical of branded footwear players seeking both scale and direct-to-consumer reach. Crocs was founded in 1999, is headquartered in Broomfield, Colorado, and trades on NASDAQ as a mid-cap stock within the Consumer Discretionary / Footwear segment of the GICS classification.
- HEYDUDE brand revenue growth decelerates amid weakened consumer demand
- Vietnam manufacturing tariffs compress gross margins
- Aggressive share buybacks accelerate capital return program
| Net Income: -103.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA -2.01 > 1.0 |
| NWC/Revenue: 10.58% < 20% (prev 8.99%; Δ 1.58% < -1%) |
| CFO/TA 0.17 > 3% & CFO 724.5m > Net Income -103.7m |
| Net Debt (1.98b) to EBITDA (213.8m): 9.28 < 3 |
| Current Ratio: 1.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.7m) vs 12m ago -10.26% < -2% |
| Gross Margin: 58.10% > 18% (prev 59.25%; Δ -1.15% > 0.5%) |
| Asset Turnover: 85.55% > 50% (prev 80.95%; Δ 4.60% > 0%) |
| Interest Coverage Ratio: 1.55 > 6 (EBIT TTM 132.9m / Interest Expense TTM 86.0m) |
| A: 0.10 (Total Current Assets 1.07b - Total Current Liabilities 639.5m) / Total Assets 4.34b |
| B: 0.83 (Retained Earnings 3.62b / Total Assets 4.34b) |
| C: 0.03 (EBIT TTM 132.9m / Avg Total Assets 4.70b) |
| D: 0.49 (Book Value of Equity 1.43b / Total Liabilities 2.92b) |
| Altman-Z'' = 4.06 = AA |
| DSRI: 1.02 (Receivables 470.1m/469.9m, Revenue 4.02b/4.10b) |
| GMI: 1.02 (GM 59.25% / 58.10%) |
| AQI: 0.92 (AQ_t 0.62 / AQ_t-1 0.67) |
| SGI: 0.98 (Revenue 4.02b / 4.10b) |
| TATA: -0.19 (NI -103.7m - CFO 724.5m) / TA 4.34b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of June 22, 2026, the stock is trading at USD 125.05 with a total of 1,433,359 shares traded.
Over the past week, the price has changed by -0.65%,
over one month by +14.80%,
over three months by +56.92% and
over the past year by +28.43%.
Crocs has received a consensus analysts rating of 3.47. Therefore, it is recommended to hold CROX.
- StrongBuy: 4
- Buy: 1
- Hold: 9
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 121.4 | -2.9% |
P/E Forward = 9.2421
P/S = 1.5689
P/B = 4.4239
P/EG = 1.3926
Revenue TTM = 4.02b USD
EBIT TTM = 132.9m USD
EBITDA TTM = 213.8m USD
Long Term Debt = 1.33b USD (from longTermDebt, last quarter)
Short Term Debt = 93.8m USD (from shortTermDebt, last quarter)
Debt = 2.12b USD (from shortLongTermDebtTotal, last quarter) + Leases 389.6m
Net Debt = 1.98b USD (calculated: Debt 2.12b - CCE 130.9m)
Enterprise Value = 8.30b USD (6.31b + Debt 2.12b - CCE 130.9m)
Interest Coverage Ratio = 1.55 (Ebit TTM 132.9m / Interest Expense TTM 86.0m)
EV/FCF = 12.37x (Enterprise Value 8.30b / FCF TTM 670.7m)
FCF Yield = 8.08% (FCF TTM 670.7m / Enterprise Value 8.30b)
FCF Margin = 16.66% (FCF TTM 670.7m / Revenue TTM 4.02b)
Net Margin = -2.58% (Net Income TTM -103.7m / Revenue TTM 4.02b)
Gross Margin = 58.10% ((Revenue TTM 4.02b - Cost of Revenue TTM 1.69b) / Revenue TTM)
Gross Margin QoQ = 56.75% (prev 54.68%)
Tobins Q-Ratio = 1.91 (Enterprise Value 8.30b / Total Assets 4.34b)
Interest Expense / Debt = 4.07% (Interest Expense 86.0m / Debt 2.12b)
Taxrate = 23.09% (41.3m / 178.8m)
NOPAT = 102.2m (EBIT 132.9m * (1 - 23.09%))
Current Ratio = 1.67 (Total Current Assets 1.07b / Total Current Liabilities 639.5m)
Debt / Equity = 1.48 (Debt 2.12b / totalStockholderEquity, last quarter 1.43b)
Debt / EBITDA = 9.28 (Net Debt 1.98b / EBITDA 213.8m)
Debt / FCF = 2.96 (Net Debt 1.98b / FCF TTM 670.7m)
Total Stockholder Equity = 1.38b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.21% (Net Income -103.7m / Total Assets 4.34b)
RoE = -7.54% (Net Income TTM -103.7m / Total Stockholder Equity 1.38b)
RoCE = 4.91% (EBIT 132.9m / Capital Employed (Equity 1.38b + L.T.Debt 1.33b))
RoIC = 2.79% (NOPAT 102.2m / Invested Capital 3.67b)
WACC = 8.45% (E(6.31b)/V(8.43b) * Re(10.23%) + D(2.12b)/V(8.43b) * Rd(4.07%) * (1-Tc(0.23)))
Discount Rate = 10.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -7.87%
[DCF] Terminal Value 72.73% ; FCFF base≈755.9m ; Y1≈662.9m ; Y5≈535.6m
[DCF] Fair Price = 130.3 (EV 8.46b - Net Debt 1.98b = Equity 6.48b / Shares 49.7m; r=8.45% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 49.31 | EPS CAGR: 2.23% | SUE: 1.26 | # QB: 16
Revenue Correlation: 67.85 | Revenue CAGR: 1.37% | SUE: 1.20 | # QB: 3
EPS current Quarter (2026-06-30): EPS=4.32 | Chg30d=+0.22% | Revisions=+20% | Analysts=14
EPS next Quarter (2026-09-30): EPS=3.55 | Chg30d=+0.15% | Revisions=+0% | Analysts=13
EPS current Year (2026-12-31): EPS=13.67 | Chg30d=+0.13% | Revisions=+14% | GrowthEPS=+9.2% | GrowthRev=+0.7%
EPS next Year (2027-12-31): EPS=14.52 | Chg30d=+0.06% | Revisions=+0% | GrowthEPS=+6.3% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +20%