NYSE : BIRK
Birkenstock Holding plc — Financial statements
Consumer Discretionary · Footwear & Accessories · United Kingdom
Last price 33.39 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.94B
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Financial statements
Birkenstock Holding plc (BIRK) reported revenue of 2.27B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.27B | 2.10B | 1.80B | 1.49B | 1.24B | 1.11B |
| Cost of Revenue | 963.45M | 856.25M | 743.25M | 566.12M | 493.03M | 481.90M |
| Gross Profit | 1.30B | 1.24B | 1.06B | 925.79M | 749.80M | 628.49M |
| Selling, General & Admin | 736.13M | 688.49M | 612.98M | 596.64M | 433.96M | 365.28M |
| Other Operating Expenses | -722.00K | -616.00K | -612.00K | 1.81M | -1.67M | 4.02M |
| Operating Expenses | 735.40M | 687.88M | 612.37M | 598.45M | 432.29M | 369.30M |
| Operating Income | 567.25M | 553.30M | 449.07M | 327.35M | 317.51M | 259.19M |
| Interest Expense | -92.84M | -75.57M | -137.00M | -129.44M | -88.74M | -88.01M |
| Interest & Investment Income | 7.01M | 7.01M | 8.04M | 2.40M | 90.00K | |
| Currency Exchange Gain (Loss) | -15.87M | -1.95M | -19.64M | -36.06M | 45.52M | 49.40M |
| Other Non Operating Income (Expenses) | -11.00M | -11.00M | 1.67M | 20.00M | -23.86M | 18.51M |
| EBT Excluding Unusual Items | 454.54M | 471.78M | 302.13M | 184.25M | 250.52M | 239.10M |
| Merger & Restructuring Charges | -12.42M | -272.16M | ||||
| Asset Writedown | -2.23M | -1.80M | -890.00K | |||
| Other Unusual Items | 12.29M | -7.46M | -30.60M | |||
| Pretax Income | 452.18M | 469.98M | 293.78M | 153.65M | 250.52M | -33.06M |
| Income Tax Expense | 116.32M | 121.65M | 102.18M | 78.63M | 63.41M | 8.23M |
| Net Income | 335.86M | 348.33M | 191.60M | 75.02M | 187.11M | -41.29M |
| Net Income to Common | 335.86M | 348.33M | 191.60M | 75.02M | 187.11M | -41.29M |
| Shares Outstanding (Basic) | 183.29M | 186.51M | 187.60M | 182.72M | 182.72M | 182.72M |
| Shares Outstanding (Diluted) | 183.29M | 186.51M | 187.60M | 182.72M | 182.72M | 182.72M |
| EPS (Basic) | 1.83 | 1.87 | 1.02 | 0.41 | 1.02 | -0.23 |
| EPS (Diluted) | 1.83 | 1.87 | 1.02 | 0.41 | 1.02 | -0.23 |
| Free Cash Flow | 293.04M | 307.57M | 363.27M | 256.58M | 163.36M | 233.79M |
| Free Cash Flow Per Share | 1.60 | 1.65 | 1.94 | 1.40 | 0.89 | 1.28 |
| Gross Margin | 57.48% | 59.18% | 58.82% | 62.05% | 60.33% | 56.60% |
| Operating Margin | 25.03% | 26.38% | 24.88% | 21.94% | 25.55% | 23.34% |
| Profit Margin | 14.82% | 16.61% | 10.62% | 5.03% | 15.05% | -3.72% |
| Free Cash Flow Margin | 12.93% | 14.66% | 20.13% | 17.20% | 13.14% | 21.05% |
| EBITDA | 647.59M | 619.25M | 507.19M | 410.76M | 398.77M | 328.84M |
| EBITDA Margin | 28.58% | 29.52% | 28.10% | 27.53% | 32.09% | 29.62% |
| D&A For EBITDA | 80.34M | 65.95M | 58.12M | 83.41M | 81.26M | 69.65M |
| EBIT | 567.25M | 553.30M | 449.07M | 327.35M | 317.51M | 259.19M |
| EBIT Margin | 25.03% | 26.38% | 24.88% | 21.94% | 25.55% | 23.34% |
| Effective Tax Rate | 25.72% | 25.89% | 34.78% | 51.17% | 25.31% |
Balance sheet
Fiscal year October - September; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 693.63M | 329.07M | 355.84M | 344.41M | 307.08M | 235.34M |
| Cash & Short-Term Investments | 693.63M | 329.07M | 355.84M | 344.41M | 307.08M | 235.34M |
| Accounts Receivable | 282.96M | 152.88M | 105.46M | 88.93M | 62.53M | 54.46M |
| Other Receivables | 4.51M | 36.50M | 36.80M | 29.30M | 41.73M | 77.31M |
| Receivables | 287.47M | 189.38M | 142.26M | 118.23M | 104.26M | 131.77M |
| Inventory | 843.34M | 704.42M | 624.81M | 595.09M | 535.61M | 359.21M |
| Prepaid Expenses | 21.32M | 17.51M | 9.29M | 9.85M | 2.26M | |
| Other Current Assets | 61.87M | 31.18M | 22.86M | 13.53M | 3.11M | 2.60M |
| Total Current Assets | 1.89B | 1.28B | 1.16B | 1.08B | 959.91M | 731.19M |
| Property, Plant & Equipment | 628.00M | 537.26M | 490.18M | 409.04M | 318.53M | 252.17M |
| Goodwill | 1.53B | 1.51B | 1.55B | 1.59B | 1.67B | 1.56B |
| Other Intangible Assets | 1.58B | 1.58B | 1.64B | 1.71B | 1.82B | 1.69B |
| Long-Term Deferred Tax Assets | 21.51M | 11.56M | 117.00K | 4.59M | ||
| Other Long-Term Assets | 12.40M | 28.43M | 37.35M | 38.23M | 16.11M | 41.71M |
| Total Assets | 5.66B | 4.94B | 4.88B | 4.83B | 4.79B | 4.27B |
| Accounts Payable | 175.52M | 72.12M | 74.68M | 79.56M | 57.34M | 66.43M |
| Accrued Expenses | 40.23M | 47.44M | 41.02M | 52.87M | 43.52M | 39.41M |
| Current Portion of Long-Term Debt | 18.43M | 17.48M | 25.30M | 44.27M | 56.73M | 41.69M |
| Current Portion of Leases | 47.89M | 43.58M | 40.87M | 27.01M | 26.57M | 23.27M |
| Current Income Taxes Payable | 69.86M | 106.96M | 144.73M | 83.33M | 50.66M | 1.24M |
| Current Unearned Revenue | 13.46M | 6.20M | 8.00M | 9.70M | 4.00M | 3.81M |
| Other Current Liabilities | 133.29M | 159.89M | 113.29M | 81.85M | 85.14M | 85.81M |
| Total Current Liabilities | 498.67M | 453.67M | 447.89M | 378.58M | 323.97M | 261.66M |
| Long-Term Debt | 1.68B | 1.13B | 1.17B | 1.82B | 1.92B | 1.78B |
| Long-Term Leases | 189.36M | 149.34M | 143.20M | 103.05M | 89.91M | 76.96M |
| Long-Term Unearned Revenue | 9.59M | 13.66M | 13.74M | 10.63M | ||
| Pension & Post-Retirement Benefits | 2.37M | 2.48M | ||||
| Long-Term Deferred Tax Liabilities | 176.19M | 163.43M | 131.00M | 109.79M | 92.85M | 79.05M |
| Other Long-Term Liabilities | 309.54M | 311.29M | 354.12M | 9.13M | 2.07M | 1.24M |
| Total Liabilities | 2.86B | 2.22B | 2.26B | 2.43B | 2.43B | 2.20B |
| Common Stock | 182.72M | 182.72M | 182.72M | |||
| Additional Paid-In Capital | 1.77B | 1.99B | 2.17B | 1.89B | 1.89B | 1.89B |
| Retained Earnings | 1.01B | 765.90M | 417.58M | 225.98M | 150.95M | -36.16M |
| Comprehensive Income & Other | 20.27M | -35.48M | 38.95M | 97.51M | 129.76M | 23.48M |
| Shareholders' Equity | 2.80B | 2.72B | 2.63B | 2.40B | 2.36B | 2.06B |
| Total Liabilities & Equity | 5.66B | 4.94B | 4.88B | 4.83B | 4.79B | 4.27B |
| Total Debt | 1.93B | 1.34B | 1.38B | 1.99B | 2.09B | 1.92B |
| Net Cash (Debt) | -1.24B | -1.01B | -1.02B | -1.65B | -1.79B | -1.69B |
| Net Cash Per Share | -6.77 | -5.41 | -5.46 | -9.01 | -9.77 | -9.24 |
| Filing Date Shares Outstanding | 177.89M | 183.91M | 187.83M | 187.83M | 182.72M | 182.72M |
| Total Common Shares Outstanding | 177.89M | 183.91M | 187.83M | 182.72M | 182.72M | 182.72M |
| Working Capital | 1.39B | 821.69M | 715.39M | 701.96M | 635.94M | 469.53M |
| Book Value Per Share | 15.75 | 14.80 | 13.98 | 13.14 | 12.90 | 11.30 |
| Tangible Book Value | -313.41M | -366.79M | -569.00M | -899.07M | -1.13B | -1.18B |
| Tangible Book Value Per Share | -1.76 | -1.99 | -3.03 | -4.92 | -6.19 | -6.45 |
| Land | 195.27M | 174.10M | 165.56M | 73.13M | 68.44M | |
| Buildings | 68.35M | 53.73M | 42.16M | 30.61M | 25.94M | |
| Machinery | 138.83M | 105.89M | 79.63M | 66.59M | 55.74M | |
| Construction In Progress | 57.54M | 56.13M | 40.80M | 61.00M | 9.56M |
Cash flow statement
Fiscal year October - September; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 335.86M | 348.33M | 191.60M | 75.02M | 187.11M | -41.29M |
| Depreciation & Amortization | 126.12M | 111.74M | 100.40M | 83.41M | 81.26M | 93.47M |
| Other Amortization | 6.10M | 5.93M | ||||
| Loss (Gain) From Sale of Assets | 546.00K | 413.00K | 229.00K | 97.00K | ||
| Asset Writedown & Restructuring Costs | 2.23M | 1.80M | 890.00K | |||
| Provision & Write-off of Bad Debts | 1.72M | 1.72M | -839.00K | 207.00K | 1.23M | |
| Other Operating Activities | 82.39M | 73.93M | 224.66M | 280.75M | 104.37M | -45.91M |
| Change in Accounts Receivable | -56.65M | -58.33M | -27.45M | -26.66M | -5.29M | 111.26M |
| Change in Inventory | -113.76M | -89.08M | -47.96M | -95.62M | -159.10M | 179.36M |
| Change in Accounts Payable | 18.64M | -576.00K | 12.51M | 10.65M | 11.20M | -54.72M |
| Change in Unearned Revenue | -1.82M | -1.82M | 1.16M | 5.08M | -401.00K | -6.08M |
| Change in Other Net Operating Assets | 5.05M | -3.82M | -26.50M | 26.10M | 8.57M | 12.03M |
| Operating Cash Flow | 400.34M | 384.30M | 428.70M | 358.73M | 234.14M | 255.28M |
| Capital Expenditures | -107.30M | -76.73M | -65.43M | -102.15M | -70.78M | -21.49M |
| Sale of Property, Plant & Equipment | 170.00K | 92.00K | 18.00K | 339.00K | 1.98M | 4.74M |
| Cash Acquisitions | -11.63M | -1.04M | ||||
| Sale (Purchase) of Intangibles | -1.67M | -8.23M | -8.47M | -766.00K | -1.81M | 1.86M |
| Other Investing Activities | 3.58M | 5.90M | 15.09M | 1.85M | ||
| Investing Cash Flow | -116.85M | -78.96M | -58.80M | -100.73M | -71.65M | -14.90M |
| Long-Term Debt Issued | 634.52M | |||||
| Long-Term Debt Repaid | -92.86M | -1.33B | -81.58M | -34.92M | ||
| Lease Payments | -50.72M | -42.72M | -37.79M | -28.80M | -25.41M | -20.69M |
| Total Debt Repaid | -557.19M | -92.86M | -1.33B | -81.58M | -34.92M | -30.13M |
| Net Debt Issued (Repaid) | 452.81M | -92.86M | -699.30M | -81.58M | -34.92M | -30.13M |
| Issuance of Common Stock | 449.21M | |||||
| Repurchase of Common Stock | -229.71M | -176.38M | ||||
| Other Financing Activities | -76.44M | -60.91M | -104.96M | -117.71M | -70.39M | -2.07M |
| Financing Cash Flow | 146.67M | -330.15M | -355.05M | -199.28M | -105.32M | -32.20M |
| Foreign Exchange Rate Adjustments | 1.64M | -1.96M | -3.42M | -21.39M | 14.56M | 7.73M |
| Net Cash Flow | 431.80M | -26.78M | 11.44M | 37.33M | 71.73M | 215.92M |
| Free Cash Flow | 293.04M | 307.57M | 363.27M | 256.58M | 163.36M | 233.79M |
| Free Cash Flow Margin | 12.93% | 14.66% | 20.13% | 17.20% | 13.14% | 21.05% |
| Free Cash Flow Per Share | 1.60 | 1.65 | 1.94 | 1.40 | 0.89 | 1.28 |
| Levered Free Cash Flow | 154.65M | 197.39M | 228.27M | 152.92M | 44.75M | |
| Unlevered Free Cash Flow | 212.67M | 244.62M | 313.89M | 233.82M | 94.11M | |
| Free Cash Flow After Leases | 242.32M | 264.85M | 325.47M | 227.78M | 137.95M | 213.10M |
| Cash Interest Paid | 58.20M | 60.66M | 99.50M | 117.71M | 70.39M | 2.07M |
| Cash Income Tax Paid | 151.99M | 132.83M | 14.80M | 6.70M | 18.41M | 61.43M |
| Change in Working Capital | -148.53M | -153.63M | -88.25M | -80.45M | -145.02M | 241.86M |
Ratios
Fiscal year October - September; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.32B | 8.32B | 9.26B | |||
| Enterprise Value | 7.74B | 9.62B | 10.45B | |||
| Last Close Price | 35.54 | 45.25 | 49.29 | |||
| PE Ratio | 16.99 | 20.36 | 43.32 | |||
| Forward PE | 13.54 | 19.04 | 27.21 | |||
| PS Ratio | 2.44 | 3.38 | 4.60 | |||
| PB Ratio | 1.97 | 2.60 | 3.16 | |||
| P/FCF Ratio | 19.28 | 23.06 | 22.85 | |||
| P/OCF Ratio | 14.11 | 18.46 | 19.36 | |||
| PEG Ratio | 1.04 | 0.75 | 1.08 | |||
| EV/Sales Ratio | 2.99 | 3.91 | 5.19 | |||
| EV/EBITDA Ratio | 10.46 | 13.24 | 18.48 | |||
| EV/EBIT Ratio | 11.94 | 14.82 | 20.87 | |||
| EV/FCF Ratio | 23.60 | 26.66 | 25.80 | |||
| Debt / Equity Ratio | 0.69 | 0.49 | 0.53 | 0.83 | 0.89 | 0.93 |
| Debt / EBITDA Ratio | 2.79 | 2.01 | 2.51 | 4.84 | 5.25 | 5.45 |
| Debt / FCF Ratio | 6.60 | 4.35 | 3.80 | 7.76 | 12.81 | 8.23 |
| Net Debt / Equity Ratio | 0.44 | 0.37 | 0.39 | 0.69 | 0.76 | 0.82 |
| Net Debt / EBITDA Ratio | 1.92 | 1.63 | 2.02 | 4.01 | 4.48 | 5.13 |
| Net Debt / FCF Ratio | 4.23 | 3.28 | 2.82 | 6.41 | 10.93 | 7.22 |
| Asset Turnover | 0.43 | 0.43 | 0.37 | 0.31 | 0.27 | |
| Inventory Turnover | 1.27 | 1.29 | 1.22 | 1.00 | 1.10 | |
| Quick Ratio | 1.97 | 1.14 | 1.11 | 1.22 | 1.27 | 1.40 |
| Current Ratio | 3.78 | 2.81 | 2.60 | 2.85 | 2.96 | 2.79 |
| Return on Equity (ROE) | 12.36% | 13.03% | 7.62% | 3.15% | 8.46% | |
| Return on Assets (ROA) | 6.71% | 7.04% | 5.78% | 4.25% | 4.38% | |
| Return on Invested Capital (ROIC) | 10.38% | 11.11% | 7.61% | 3.90% | 6.01% | 6.91% |
| Return on Capital Employed (ROCE) | 11.00% | 12.30% | 10.10% | 7.40% | 7.10% | 6.50% |
| Earnings Yield | 5.89% | 4.91% | 2.31% | |||
| FCF Yield | 5.19% | 4.34% | 4.38% | |||
| Buyback Yield / Dilution | 2.24% | 0.58% | -2.67% |