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CROX

Crocs, Inc.

CROX

Crocs, Inc. • NASDAQ
$84.87 ▼ -0.69% (-0.59)
Market Cap $4.73 B
52w High $122.84
52w Low $73.21
Dividend Yield 0%
P/E 29.47
Volume 745.37K
Outstanding Shares 55.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $996.301M ▼ $375.348M ▼ $145.816M ▲ 14.636% ▲ $2.72 ▲ $322.043M ▲
Q2-2025 $1.149B ▲ $1.136B ▲ $-492.282M ▼ -42.83% ▼ $-8.79 ▼ $-406.61M ▼
Q1-2025 $937.333M ▼ $318.575M ▼ $160.103M ▼ 17.081% ▼ $2.85 ▼ $246.242M ▲
Q4-2024 $989.773M ▼ $373.011M ▲ $368.909M ▲ 37.272% ▲ $6.4 ▲ $216.521M ▼
Q3-2024 $1.062B $363.51M $199.801M 18.81% $3.38 $289.285M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $153.97M ▼ $4.3B ▼ $2.937B ▼ $1.363B ▼
Q2-2025 $200.611M ▲ $4.451B ▼ $3.029B ▼ $1.421B ▼
Q1-2025 $166.46M ▼ $5.066B ▲ $3.097B ▲ $1.97B ▲
Q4-2024 $180.485M ▼ $4.812B ▲ $2.976B ▼ $1.836B ▲
Q3-2024 $186.124M $4.713B $2.988B $1.725B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $145.816M ▲ $239.336M ▼ $-13.174M ▲ $-271.157M ▼ $-46.641M ▼ $226.162M ▼
Q2-2025 $-492.282M ▼ $285.8M ▲ $-16.571M ▼ $-239.065M ▼ $34.151M ▲ $269.229M ▲
Q1-2025 $160.103M ▼ $-67.235M ▼ $-15.375M ▲ $65.824M ▲ $-13.941M ▼ $-82.61M ▼
Q4-2024 $368.909M ▲ $321.937M ▲ $-18.49M ▼ $-302.375M ▼ $-5.867M ▼ $303.447M ▲
Q3-2024 $199.801M $296.887M $-18.051M $-263.495M $18.517M $278.836M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Crocs Brand Segment
Crocs Brand Segment
 $760.00M ▲$760.00M ▲$960.00M ▲$840.00M ▼
HEYDUDE Brand Segment
HEYDUDE Brand Segment
 $230.00M ▲$180.00M ▼$190.00M ▲$160.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Crocs has transformed itself from a niche brand into a much larger footwear business over the last five years. Sales have climbed steadily and are now several times higher than they were in 2020, though the pace of growth has moderated more recently. Profitability is a standout: gross margins are thick and operating profits are strong, reflecting the high-margin nature of its molded footwear and premium brand. There was some digestion after the HEYDUDE acquisition, but net income has recovered and earnings per share are far above pre‑pandemic levels, helped by both higher sales and improved efficiency.

Balance Sheet

Balance Sheet The balance sheet shows a company that took on sizable debt to expand—primarily with the HEYDUDE acquisition—but has been working that debt back down. Total assets have grown sharply, and shareholders’ equity has rebuilt from very thin levels a few years ago to a much more comfortable cushion today. Cash on hand is modest but appears adequate given strong cash generation. Overall, Crocs still carries meaningful leverage, but the trend is toward lower debt and a healthier capital structure than at the peak of the acquisition period.

Cash Flow

Cash Flow Crocs’ cash flow profile is a key strength. The business converts a large share of its accounting profit into actual cash, and operating cash flow has risen strongly alongside earnings. Capital spending needs are relatively light, so free cash flow is robust and consistently positive. This gives the company flexibility to reduce debt, invest in growth initiatives, and potentially return capital to shareholders, all without stretching its finances. The underlying cash engine looks durable as long as demand for its core products holds up.

Competitive Edge

Competitive Edge Crocs occupies a distinct niche in the global footwear market. Its iconic clog, proprietary Croslite material, and focus on comfort give it a clear identity that is hard to confuse with other brands. High brand recognition, strong gross margins, and a loyal customer base provide a “narrow moat.” Customization via Jibbitz charms deepens engagement and repeat purchases, while collaborations with celebrities and fashion houses keep the brand culturally visible. The main competitive risks are fashion cycles, copycat casual footwear, and consumer spending slowdowns, but Crocs’ unique look and strong margins give it a solid competitive footing compared with many peers.

Innovation and R&D

Innovation and R&D Innovation at Crocs is less about lab-heavy research and more about materials, design, and brand experience. Its Croslite and LiteRide foams underpin the comfort story, while 3D printing accelerates design iteration and keeps styles fresh. The company has broadened its lineup beyond clogs into sandals, slides, and other casual shoes, and the HEYDUDE brand extends its reach further into everyday comfort footwear. Sustainability targets, recycling programs, and bio-based materials align the brand with shifting consumer values. On the commercial side, Crocs is very active in digital marketing, social platforms, and direct-to-consumer channels, which helps maintain relevance with younger shoppers and supports ongoing product experimentation.

Summary

Crocs today is a sizable, highly profitable casual footwear company with a distinct brand and strong cash generation. The income statement shows a successful scale-up from 2020 onward, with high margins and much stronger earnings than in the past. The balance sheet reflects the cost of that growth—especially acquisition-related debt—but also clear progress in paying it down and rebuilding equity. Cash flows are robust and capital-light, giving the company financial flexibility. Competitively, Crocs benefits from a recognizable product, customization, and clever collaborations, but remains exposed to fashion risk and consumer sentiment. Its focus on material innovation, product diversification, sustainability, and digital engagement suggests a management team leaning into long-term brand building rather than just short-term sales. Overall, Crocs looks like a mature yet still evolving growth story with both solid strengths and the usual consumer-brand uncertainties.

NEWS

November 17, 2025 · 7:30 AM UTC

Crocs, Inc. Promotes Rupert Campbell to EVP and President of HEYDUDE from SVP and Chief Commercial Officer

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October 30, 2025 · 7:00 AM UTC

Crocs, Inc. Reports Third Quarter 2025 Results

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October 9, 2025 · 10:06 AM UTC

It's Croctober at Academy Sports + Outdoors: Celebrate With Your Favorite Styles During Crocs Week

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October 9, 2025 · 7:30 AM UTC

Crocs, Inc. Announces Conference Call to Review Third Quarter 2025 Earnings Results

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October 8, 2025 · 10:00 AM UTC

Crocs Elevates Fan Dreams This Croctober, One Step at a Time

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