Birkenstock Holding PLC
BIRK Consumer Cyclical Footwear & Accessories
Birkenstock Holding PLC’s revenue for fiscal 2025 (year ended September 2025) was $2.3 billion, up 18.6% from fiscal 2024. In the quarter to June 2026, revenue grew 16.1%, EPS fell 10.3%, free cash flow fell 3.15% and total debt rose 45.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Birkenstock Holding PLC (BIRK) Piotroski F-score
Birkenstock Holding PLC's Piotroski F-score for fiscal 2025 is 9 out of 9: 9 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 9 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 7.16% | 3.97% | Pass | 1 |
| Positive operating cash flow | 425.27m | 465.05m | Pass | 1 |
| Rising return on assets | 7.16% | 3.97% | Pass | 1 |
| Cash flow above net income | 39.81m | 257.20m | Pass | 1 |
| Falling long-term leverage | 0.26 | 0.27 | Pass | 1 |
| Rising current ratio | 2.81 | 2.60 | Pass | 1 |
| No new shares issued | 186,508,000 | 187,599,000 | Pass | 1 |
| Rising gross margin | 59.11% | 58.77% | Pass | 1 |
| Rising asset turnover | 0.43 | 0.37 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 9 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BIRK Birkenstock Holding PLC | 9 |
| WWW Wolverine World Wide, Inc. compare | 7 |
| ONON On Holding AG compare | 6 |
| DECK Deckers Outdoor Corporation compare | 6 |
| CROX Crocs, Inc. compare | 6 |
| SHOO Steven Madden, Ltd. compare | 5 |
| NKE NIKE, Inc. compare | 5 |
| WEYS Weyco Group, Inc. compare | 4 |
| FOSL Fossil Group, Inc. compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover