Birkenstock Holding PLC (BIRK) vs Rocky Brands, Inc. (RCKY)

Birkenstock Holding PLC and Rocky Brands, Inc. are both Footwear & Accessories companies. Birkenstock Holding PLC is the larger, with a market value of $5.9B against $370.9M — 16.0× the size. Rocky Brands, Inc. trades at the lower P/E: 12.8× against 15.7×. Birkenstock Holding PLC grew revenue faster over the last twelve months: 19.2% against 9.24%. Birkenstock Holding PLC has the higher net margin (14.7% vs 5.72%) and the higher return on invested capital (8.63% vs 7.28%). Across the 20 metrics below, Birkenstock Holding PLC leads on 12 and Rocky Brands, Inc. on 8.

Valuation

Metric BIRK RCKY Footwear & Accessories median
P/E 15.66 12.78 15.84
P/S 2.30 0.73 1.13
P/B 1.86 1.40 3.19
Price to free cash flow 18.55 22.47 12.42
EV/EBITDA 9.48 8.85 10.14
EV/Sales 2.82 0.97 1.24
Earnings yield 6.39% 7.83% 5.41%
Free cash flow yield 5.39% 4.45% 4.92%

Profitability

Metric BIRK RCKY Footwear & Accessories median
Gross margin 56.84% 42.22% 49.08%
Operating margin 24.25% 8.84% 8.69%
Net margin 14.74% 5.72% 5.72%
Free cash flow margin 12.39% 3.25% 8.58%
Return on equity 12.45% 11.48% 13.13%
Return on assets 6.40% 6.01% 6.28%
Return on invested capital 8.63% 7.28% 10.98%

Growth

Metric BIRK RCKY Footwear & Accessories median
Revenue growth (TTM) 19.21% 9.24% (0.32%)
EPS growth (last fiscal year) 85.59% 94.74% 12.95%
Revenue growth, 5-year CAGR — 11.69% 9.43%
Net income growth, 5-year CAGR — 1.22% 0.00%

Health

Metric BIRK RCKY Footwear & Accessories median
Debt to equity 0.67 0.46 0.49
Current ratio 3.78 2.97 2.26
Net debt to EBITDA 1.46 2.51 0.38

Dividend

Metric BIRK RCKY Footwear & Accessories median
Dividend yield — 1.32% 1.94%
Payout ratio — 0.17 0.37

Size

Metric BIRK RCKY Footwear & Accessories median
Market cap 5.94b 370.85m 1.10b

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