NASDAQ : CROX
Crocs, Inc. — Financial statements
Consumer Discretionary · Footwear & Accessories · United States
Last price 150.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.88B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Crocs, Inc. (CROX) reported revenue of 4.10B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.10B | 4.04B | 4.10B | 3.96B | 3.55B | 2.31B |
| Cost of Revenue | 1.66B | 1.68B | 1.69B | 1.75B | 1.69B | 893.20M |
| Gross Profit | 2.44B | 2.36B | 2.41B | 2.21B | 1.86B | 1.42B |
| Selling, General & Admin | 1.42B | 1.38B | 1.29B | 1.11B | 929.16M | 715.89M |
| Research & Development | 29.60M | 29.60M | 25.60M | 21.40M | 18.70M | |
| Amortization of Goodwill & Intangibles | 21.35M | 21.35M | 20.54M | 19.54M | 17.22M | 12.26M |
| Operating Expenses | 1.51B | 1.47B | 1.36B | 1.16B | 974.68M | 736.86M |
| Operating Income | 929.25M | 888.73M | 1.05B | 1.05B | 885.60M | 683.36M |
| Interest Expense | -80.71M | -88.29M | -109.26M | -161.35M | -136.16M | -21.65M |
| Interest & Investment Income | 4.87M | 1.84M | 3.48M | 2.41M | 1.02M | 775.00K |
| Currency Exchange Gain (Loss) | -1.07M | 9.84M | -6.78M | -1.24M | -4.92M | -140.00K |
| Other Non Operating Income (Expenses) | -511.00K | 63.00K | 1.23M | -326.00K | -338.00K | 1.80M |
| EBT Excluding Unusual Items | 851.82M | 812.19M | 935.67M | 885.96M | 745.21M | 664.15M |
| Merger & Restructuring Charges | -25.70M | |||||
| Impairment of Goodwill | -307.00M | |||||
| Gain (Loss) on Sale of Assets | -1.10M | -1.10M | -1.00M | -400.00K | -1.00M | -300.00K |
| Asset Writedown | -3.30M | -431.12M | -24.08M | -9.29M | ||
| Pretax Income | 847.42M | 72.98M | 910.59M | 876.27M | 718.51M | 663.85M |
| Income Tax Expense | 183.06M | 154.18M | -39.49M | 83.71M | 178.35M | -61.84M |
| Net Income | 664.36M | -81.20M | 950.07M | 792.57M | 540.16M | 725.69M |
| Net Income to Common | 664.36M | -81.20M | 950.07M | 792.57M | 540.16M | 725.69M |
| Shares Outstanding (Basic) | 49.52M | 54.21M | 59.38M | 61.39M | 61.22M | 62.46M |
| Shares Outstanding (Diluted) | 49.89M | 54.21M | 59.83M | 61.95M | 62.01M | 63.72M |
| EPS (Basic) | 13.41 | -1.50 | 16.00 | 12.91 | 8.82 | 11.62 |
| EPS (Diluted) | 13.32 | -1.50 | 15.88 | 12.79 | 8.71 | 11.39 |
| Free Cash Flow | 753.99M | 659.20M | 923.14M | 814.82M | 498.95M | 511.25M |
| Free Cash Flow Per Share | 15.11 | 12.16 | 15.43 | 13.15 | 8.05 | 8.02 |
| Gross Margin | 59.42% | 58.33% | 58.76% | 55.77% | 52.33% | 61.39% |
| Operating Margin | 22.66% | 22.00% | 25.52% | 26.41% | 24.91% | 29.54% |
| Profit Margin | 16.20% | -2.01% | 23.16% | 20.00% | 15.19% | 31.37% |
| Free Cash Flow Margin | 18.39% | 16.31% | 22.50% | 20.56% | 14.04% | 22.10% |
| EBITDA | 1.01B | 968.01M | 1.12B | 1.10B | 924.83M | 715.34M |
| EBITDA Margin | 24.65% | 23.96% | 27.23% | 27.78% | 26.02% | 30.92% |
| D&A For EBITDA | 81.82M | 79.28M | 69.84M | 54.30M | 39.23M | 31.98M |
| EBIT | 929.25M | 888.73M | 1.05B | 1.05B | 885.60M | 683.36M |
| EBIT Margin | 22.66% | 22.00% | 25.52% | 26.41% | 24.91% | 29.54% |
| Effective Tax Rate | 21.60% | 211.26% | 9.55% | 24.82% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 163.46M | 130.35M | 180.49M | 149.29M | 191.63M | 213.20M |
| Cash & Short-Term Investments | 163.46M | 130.35M | 180.49M | 149.29M | 191.63M | 213.20M |
| Accounts Receivable | 355.02M | 278.19M | 257.66M | 305.75M | 295.59M | 182.63M |
| Other Receivables | 28.33M | 54.86M | 26.25M | 25.48M | 33.59M | 34.55M |
| Receivables | 383.35M | 333.06M | 283.91M | 331.23M | 329.19M | 217.18M |
| Inventory | 413.03M | 368.69M | 356.25M | 385.05M | 471.55M | 213.52M |
| Prepaid Expenses | 67.36M | 53.06M | 50.45M | 43.68M | 33.26M | 22.61M |
| Restricted Cash | 2.00K | 2.00K | 65.00K | |||
| Other Current Assets | 420.00K | 729.00K | 1.17M | 1.45M | 348.00K | |
| Total Current Assets | 1.03B | 885.88M | 872.27M | 910.70M | 1.03B | 666.57M |
| Property, Plant & Equipment | 572.86M | 576.86M | 551.56M | 525.75M | 421.43M | 269.17M |
| Goodwill | 404.63M | 404.69M | 711.49M | 711.59M | 714.81M | 1.60M |
| Other Intangible Assets | 1.31B | 1.32B | 1.78B | 1.79B | 1.80B | 28.80M |
| Long-Term Deferred Tax Assets | 904.84M | 935.05M | 872.35M | 667.97M | 528.28M | 567.20M |
| Other Long-Term Assets | 58.67M | 47.58M | 27.40M | 35.25M | 11.13M | 11.73M |
| Total Assets | 4.28B | 4.17B | 4.81B | 4.64B | 4.50B | 1.55B |
| Accounts Payable | 272.51M | 266.09M | 264.90M | 260.98M | 230.82M | 162.15M |
| Accrued Expenses | 182.21M | 204.36M | 202.03M | 197.27M | 191.82M | 140.38M |
| Current Portion of Long-Term Debt | 23.33M | 24.36M | ||||
| Current Portion of Leases | 90.82M | 85.77M | 68.55M | 62.27M | 57.46M | 42.93M |
| Current Income Taxes Payable | 84.17M | 47.31M | 108.69M | 65.95M | 89.21M | 16.28M |
| Current Unearned Revenue | 6.80M | 100.00K | ||||
| Other Current Liabilities | 84.32M | 96.60M | 96.04M | 88.50M | 40.80M | 26.41M |
| Total Current Liabilities | 714.03M | 700.13M | 740.21M | 698.30M | 641.27M | 388.24M |
| Long-Term Debt | 1.29B | 1.23B | 1.35B | 1.64B | 2.30B | 771.39M |
| Long-Term Leases | 283.25M | 297.19M | 283.41M | 269.77M | 215.12M | 149.24M |
| Long-Term Deferred Tax Liabilities | 844.00K | 882.00K | 4.09M | 12.91M | 302.03M | 176.00K |
| Other Long-Term Liabilities | 648.49M | 652.38M | 599.38M | 567.94M | 227.42M | 221.94M |
| Total Liabilities | 2.94B | 2.88B | 2.98B | 3.19B | 3.68B | 1.53B |
| Common Stock | 111.00K | 111.00K | 110.00K | 110.00K | 110.00K | 106.00K |
| Additional Paid-In Capital | 934.50M | 896.61M | 859.90M | 826.68M | 797.61M | 496.04M |
| Retained Earnings | 4.04B | 3.48B | 3.56B | 2.61B | 1.82B | 1.28B |
| Treasury Stock | -3.56B | -3.04B | -2.45B | -1.89B | -1.70B | -1.68B |
| Comprehensive Income & Other | -65.02M | -43.66M | -132.65M | -95.77M | -103.49M | -76.84M |
| Total Common Equity | 1.35B | 1.29B | 1.84B | 1.45B | 817.93M | 14.08M |
| Shareholders' Equity | 1.35B | 1.29B | 1.84B | 1.45B | 817.93M | 14.08M |
| Total Liabilities & Equity | 4.28B | 4.17B | 4.81B | 4.64B | 4.50B | 1.55B |
| Total Debt | 1.66B | 1.61B | 1.70B | 2.00B | 2.59B | 963.56M |
| Net Cash (Debt) | -1.50B | -1.48B | -1.52B | -1.85B | -2.40B | -750.36M |
| Net Cash Per Share | -30.06 | -27.37 | -25.42 | -29.81 | -38.76 | -11.78 |
| Filing Date Shares Outstanding | 45.73M | 50.23M | 56.06M | 60.50M | 61.75M | 58.35M |
| Total Common Shares Outstanding | 46.22M | 50.22M | 56.50M | 60.49M | 61.75M | 58.33M |
| Working Capital | 313.58M | 185.75M | 132.06M | 212.41M | 384.70M | 278.33M |
| Book Value Per Share | 29.10 | 25.75 | 32.49 | 24.03 | 13.25 | 0.24 |
| Tangible Book Value | -371.67M | -436.09M | -652.84M | -1.05B | -1.70B | -16.32M |
| Tangible Book Value Per Share | -8.04 | -8.68 | -11.55 | -17.36 | -27.48 | -0.28 |
| Machinery | 254.47M | 230.84M | 196.28M | 173.60M | 74.19M | |
| Construction In Progress | 3.16M | 10.86M | 13.42M | 28.70M | 53.33M | |
| Leasehold Improvements | 190.44M | 156.09M | 149.13M | 76.36M | 64.62M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 664.36M | -81.20M | 950.07M | 792.57M | 540.16M | 725.69M |
| Depreciation & Amortization | 81.82M | 79.28M | 69.84M | 54.30M | 39.23M | 31.98M |
| Loss (Gain) From Sale of Assets | 9.06M | 310.00K | ||||
| Asset Writedown & Restructuring Costs | 3.30M | 738.12M | 24.08M | 9.29M | ||
| Stock-Based Compensation | 44.69M | 36.70M | 33.05M | 29.07M | 31.30M | 38.12M |
| Provision & Write-off of Bad Debts | -190.00K | -190.00K | 1.35M | 3.57M | 1.10M | -2.63M |
| Other Operating Activities | 153.91M | 158.21M | -154.34M | -324.88M | 73.97M | -181.78M |
| Change in Accounts Receivable | -17.81M | -6.17M | 42.59M | -13.32M | -56.77M | -35.06M |
| Change in Inventory | -19.55M | -13.84M | 22.05M | 86.35M | -91.61M | -43.06M |
| Change in Accounts Payable | 46.52M | 709.00K | 3.95M | 37.20M | 41.70M | 34.87M |
| Change in Income Taxes | 7.01M | -74.10M | 92.53M | 316.55M | 54.16M | 19.25M |
| Change in Other Net Operating Assets | -150.33M | -127.09M | -92.69M | -60.25M | -39.16M | -20.52M |
| Operating Cash Flow | 813.72M | 710.43M | 992.49M | 930.44M | 603.14M | 567.16M |
| Capital Expenditures | -59.73M | -51.23M | -69.35M | -115.62M | -104.19M | -55.92M |
| Cash Acquisitions | -2.05B | |||||
| Other Investing Activities | -46.00K | -20.00K | -9.00K | |||
| Investing Cash Flow | -59.73M | -51.23M | -69.35M | -115.67M | -2.15B | -55.92M |
| Long-Term Debt Issued | 819.00M | 102.16M | 257.90M | 2.17B | 1.09B | |
| Long-Term Debt Repaid | -947.00M | -425.40M | -923.70M | -575.28M | -485.00M | |
| Net Debt Issued (Repaid) | -39.00M | -128.00M | -323.25M | -665.80M | 1.59B | 605.00M |
| Repurchase of Common Stock | -703.70M | -586.57M | -560.69M | -192.10M | -11.48M | -1.02B |
| Other Financing Activities | -2.11M | -1.74M | -53.48M | -14.52M | ||
| Financing Cash Flow | -742.70M | -714.57M | -886.05M | -859.64M | 1.53B | -429.64M |
| Foreign Exchange Rate Adjustments | -1.86M | 5.60M | -6.51M | 3.08M | -3.75M | -3.95M |
| Net Cash Flow | 9.43M | -49.77M | 30.58M | -41.79M | -22.04M | 77.65M |
| Free Cash Flow | 753.99M | 659.20M | 923.14M | 814.82M | 498.95M | 511.25M |
| Free Cash Flow Margin | 18.39% | 16.31% | 22.50% | 20.56% | 14.04% | 22.10% |
| Free Cash Flow Per Share | 15.11 | 12.16 | 15.43 | 13.15 | 8.05 | 8.02 |
| Levered Free Cash Flow | 565.98M | 443.98M | 748.21M | 647.13M | 267.92M | 432.21M |
| Unlevered Free Cash Flow | 616.43M | 499.16M | 816.50M | 747.97M | 353.02M | 445.74M |
| Cash Interest Paid | 70.51M | 77.68M | 99.46M | 151.62M | 127.81M | 10.21M |
| Cash Income Tax Paid | 149.95M | 185.07M | 122.68M | 176.56M | 130.08M | 159.68M |
| Change in Working Capital | -134.17M | -220.49M | 68.43M | 366.52M | -91.68M | -44.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.00B | 4.44B | 6.38B | 5.66B | 6.70B | 7.55B |
| Enterprise Value | 8.50B | 5.99B | 7.97B | 7.82B | 9.45B | 8.00B |
| Last Close Price | 153.13 | 85.52 | 109.53 | 93.41 | 108.43 | 128.22 |
| PE Ratio | 11.50 | 6.72 | 7.14 | 12.39 | 10.40 | |
| Forward PE | 9.68 | 7.39 | 8.66 | 7.81 | 10.24 | 14.91 |
| PS Ratio | 1.71 | 1.10 | 1.56 | 1.43 | 1.88 | 3.26 |
| PB Ratio | 5.26 | 3.43 | 3.48 | 3.89 | 8.19 | 535.82 |
| P/FCF Ratio | 9.29 | 6.74 | 6.92 | 6.94 | 13.42 | 14.76 |
| P/OCF Ratio | 8.60 | 6.25 | 6.43 | 6.08 | 11.10 | 13.30 |
| PEG Ratio | 0.90 | 9.49 | 1.90 | 0.93 | 0.25 | 0.81 |
| EV/Sales Ratio | 2.07 | 1.48 | 1.94 | 1.97 | 2.66 | 3.46 |
| EV/EBITDA Ratio | 8.41 | 6.19 | 7.14 | 7.10 | 10.22 | 11.18 |
| EV/EBIT Ratio | 9.15 | 6.74 | 7.61 | 7.47 | 10.67 | 11.70 |
| EV/FCF Ratio | 11.28 | 9.09 | 8.63 | 9.59 | 18.94 | 15.64 |
| Debt / Equity Ratio | 1.24 | 1.25 | 0.93 | 1.37 | 3.17 | 68.42 |
| Debt / EBITDA Ratio | 1.39 | 1.43 | 1.35 | 1.61 | 2.50 | 1.18 |
| Debt / FCF Ratio | 2.21 | 2.45 | 1.84 | 2.45 | 5.20 | 1.89 |
| Net Debt / Equity Ratio | 1.11 | 1.15 | 0.83 | 1.27 | 2.94 | 53.28 |
| Net Debt / EBITDA Ratio | 1.48 | 1.53 | 1.36 | 1.68 | 2.60 | 1.05 |
| Net Debt / FCF Ratio | 1.99 | 2.25 | 1.65 | 2.27 | 4.82 | 1.47 |
| Asset Turnover | 0.96 | 0.90 | 0.87 | 0.87 | 1.18 | 1.74 |
| Inventory Turnover | 4.11 | 4.64 | 4.56 | 4.09 | 4.95 | 4.60 |
| Quick Ratio | 0.77 | 0.66 | 0.63 | 0.69 | 0.81 | 1.11 |
| Current Ratio | 1.44 | 1.26 | 1.18 | 1.30 | 1.60 | 1.72 |
| Return on Equity (ROE) | 49.06% | -5.19% | 57.76% | 69.77% | 129.84% | 476.31% |
| Return on Assets (ROA) | 13.54% | 12.36% | 13.84% | 14.30% | 18.31% | 32.07% |
| Return on Invested Capital (ROIC) | 25.35% | -32.25% | 31.45% | 29.02% | 33.41% | 105.72% |
| Return on Capital Employed (ROCE) | 26.10% | 25.60% | 25.70% | 26.50% | 22.90% | 59.10% |
| Earnings Yield | 8.70% | -1.83% | 14.88% | 14.01% | 8.07% | 9.62% |
| FCF Yield | 10.77% | 14.85% | 14.46% | 14.40% | 7.45% | 6.78% |
| Buyback Yield / Dilution | 10.71% | 9.40% | 3.42% | 0.09% | 2.69% | 7.04% |