Birkenstock's post-IPO growth momentum is decelerating, with revenue growth slowing from 21.7% in 2024Q2 to 15.2% in 2026Q3, while gross margins exhibit significant volatility (50.2% to 60.5%) due to production ramp-up costs at the new Pasewalk facility.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has decelerated to 15.2% in 2026Q3 from a peak of 21.7%, while operating margin has compressed to 28.8% from 31.2% a year ago, indicating SG&A spending is outpacing top-line gains.
Birkenstock products are known for their timeless design, unmatched comfort, and premium quality, which drives brand loyalty and consistent demand.
Birkenstock's trailing and forward P/E ratios suggest the stock is attractively valued, presenting potential upside for investors.
The initiation of a dividend could serve as a significant positive catalyst, improving the stock's appeal for wealth preservation.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 13, 2026 | $0.86-0.3% vs $0.86 | $822M+0.6% vs $817M |
Q2 2026 May 13, 2026 | $0.59-14.0% vs $0.69 | $714M-0.3% vs $717M |
Q1 2026 Feb 12, 2026 | $0.31+0.0% vs $0.31 | $472M+0.0% vs $472M |
Q4 2025 Dec 18, 2025 | $0.60+41.7% vs $0.42 | $616M+0.5% vs $613M |
Sales keep rising, the company just raised its outlook, and a well-known contrarian investor has disclosed a sizable stake. Yet the stock has slid this year and is hovering just above its lows.
Birkenstock is rated 'Strong Buy' with a 21% upside to €36.5 per share, driven by robust brand equity and growth prospects. Scaling closed-toe silhouettes and expanding in Asia, particularly China, are central to BIRK's growth thesis and future outperformance. Q3 results showed 13% YoY revenue growth, strong D2C momentum, and APAC outperformance, with management raising full-year guidance.
Birkenstock Holding PLC (NYSE: BIRK - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 8,849 call options on the company. This is an increase of approximately 127% compared to the average daily volume of 3,892 call options. Analyst Ratings Changes A number of equities analysts recently commented
Birkenstock is undervalued, trading at a 13.44x P/E despite delivering sector-leading growth and profitability. I see significant upside from APAC expansion and closed-toe footwear, with management targeting 13–15% annual revenue growth through FY2028. BIRK's business model emphasizes functional comfort over fashion, driving strong customer loyalty and repeat purchases.
Benchmark BIRK against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Birkenstock Holding plc (BIRK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $37.32 | $6.86B | 17.92 | 16.22% | 14.82% | 12.12% | — | |
| $86.71 | $11.81B | 11.07 | 9.76% | 19% | 43.56% | — | |
| $151.86 | $7.55B | 10.96 | -1.5% | 16.2% | 48.76% | — | |
| $21.33 | $1.75B | 16.61 | 6.8% | 5.55% | 25.25% | 1.91% | |
| $39.50 | $2.89B | 16.37 | 10.45% | 6.16% | 18.25% | 2.17% | |
| $38.59 | $57.11B | 18.52 | 0.19% | 6.74% | 21.24% | 4.21% |
Birkenstock Holding plc (BIRK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Birkenstock Holding plc (BIRK) stock FAQ — growth, dividends, profitability & financials explained
Birkenstock Holding plc (BIRK) reported $2.29B in revenue over the trailing twelve months. Revenue was $2.10B in fiscal year 2025. That is 188% more than the $728.5M of fiscal year 2020.
Birkenstock Holding plc (BIRK) grew revenue by 12.9% over the trailing twelve months, compared with the twelve months before.
Yes. Birkenstock Holding plc (BIRK) earned $339.1M in net income over the trailing twelve months (a 14.8% net margin).
Birkenstock Holding plc (BIRK) had a return on equity (ROE) of 12.1% over the trailing twelve months. That is in line with the market's typical 10-15%.
Birkenstock Holding plc (BIRK) generated $283.9M in free cash flow over the trailing twelve months.
