Birkenstock Holding PLC (BIRK) vs Crocs, Inc. (CROX)

Birkenstock Holding PLC and Crocs, Inc. are both Footwear & Accessories companies. Birkenstock Holding PLC and Crocs, Inc. are of similar size ($5.9B and $5.7B). Crocs, Inc. trades at the lower P/E: 10.8× against 15.7×. Birkenstock Holding PLC grew revenue faster over the last twelve months: 19.2% against −2.03%. Birkenstock Holding PLC has the higher net margin (14.7% vs 14.6%) and the lower return on invested capital (8.63% vs 20.8%). Across the 20 metrics below, Crocs, Inc. leads on 12 and Birkenstock Holding PLC on 8.

Valuation

Metric BIRK CROX Footwear & Accessories median
P/E 15.75 10.80 15.26
P/S 2.31 1.53 1.16
P/B 1.87 4.47 2.59
Price to free cash flow 18.66 8.89 12.20
EV/EBITDA 9.52 7.96 8.91
EV/Sales 2.83 1.81 1.24
Earnings yield 6.35% 9.26% 6.11%
Free cash flow yield 5.36% 11.25% 4.85%

Profitability

Metric BIRK CROX Footwear & Accessories median
Gross margin 56.84% 57.47% 49.76%
Operating margin 24.25% 20.73% 8.44%
Net margin 14.74% 14.63% 5.64%
Free cash flow margin 12.39% 17.38% 8.18%
Return on equity 12.45% 42.30% 12.45%
Return on assets 6.40% 13.48% 6.15%
Return on invested capital 8.63% 20.83% 9.58%

Growth

Metric BIRK CROX Footwear & Accessories median
Revenue growth (TTM) 19.21% (2.03%) 3.68%
EPS growth (last fiscal year) 85.59% (109.45%) —
Revenue growth, 5-year CAGR — 23.86% 7.17%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BIRK CROX Footwear & Accessories median
Debt to equity 0.67 0.94 0.46
Current ratio 3.78 1.49 1.96
Net debt to EBITDA 1.46 4.81 1.00

Dividend

Metric BIRK CROX Footwear & Accessories median
Dividend yield — — 2.20%
Payout ratio — 0.00 0.00

Size

Metric BIRK CROX Footwear & Accessories median
Market cap 5.72b 5.92b 614.40m

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