Crocs, Inc. (CROX) vs Wolverine World Wide, Inc. (WWW)

Crocs, Inc. and Wolverine World Wide, Inc. are both Footwear & Accessories companies. Crocs, Inc. is the larger, with a market value of $5.9B against $1.6B — 3.7× the size. Crocs, Inc. trades at the lower P/E: 10.8× against 14.8×. Wolverine World Wide, Inc. grew revenue faster over the last twelve months: 7.16% against −2.03%. Crocs, Inc. has the higher net margin (14.6% vs 5.55%) and the higher return on invested capital (20.8% vs 12.4%). Across the 21 metrics below, Crocs, Inc. leads on 12 and Wolverine World Wide, Inc. on 9.

Valuation

Metric CROX WWW Footwear & Accessories median
P/E 10.80 14.78 15.26
P/S 1.53 0.80 1.16
P/B 4.47 3.34 2.59
Price to free cash flow 8.89 3.58 12.20
EV/EBITDA 7.96 10.14 8.91
EV/Sales 1.81 1.01 1.24
Earnings yield 9.26% 6.76% 6.11%
Free cash flow yield 11.25% 27.94% 4.85%

Profitability

Metric CROX WWW Footwear & Accessories median
Gross margin 57.47% 47.12% 49.76%
Operating margin 20.73% 8.69% 8.44%
Net margin 14.63% 5.55% 5.64%
Free cash flow margin 17.38% 8.97% 8.18%
Return on equity 42.30% 26.03% 12.45%
Return on assets 13.48% 6.15% 6.15%
Return on invested capital 20.83% 12.38% 9.58%

Growth

Metric CROX WWW Footwear & Accessories median
Revenue growth (TTM) (2.03%) 7.16% 3.68%
EPS growth (last fiscal year) (109.45%) 96.55% —
Revenue growth, 5-year CAGR 23.86% 0.91% 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CROX WWW Footwear & Accessories median
Debt to equity 0.94 1.17 0.46
Current ratio 1.49 1.55 1.96
Net debt to EBITDA 4.81 1.93 1.00

Dividend

Metric CROX WWW Footwear & Accessories median
Dividend yield — 4.72% 2.20%
Payout ratio 0.00 0.21 0.00

Size

Metric CROX WWW Footwear & Accessories median
Market cap 5.92b 1.58b 614.40m

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