Crocs, Inc. (CROX) Financial Ratios
23 years of historical data (2003–2025) · Consumer Cyclical · Apparel - Footwear & Accessories
EV/EBITDA
↓
7.01
↓-19% vs avg
5yr avg: 8.68
30Y Low5.6·High33.1
P/FCF
↓
8.03
↓-21% vs avg
5yr avg: 10.14
30Y Low7.0·High94.5
P/B Ratio
↓
4.43
↓-96% vs avg
5yr avg: 119.90
30Y Low0.4·High22.8
ROE
↓
-5.2%
↑-104% vs avg
5yr avg: 145.7%
30Y Low-51%·High476%
Debt/EBITDA
↑
1.67
↓-10% vs avg
5yr avg: 1.86
30Y Low0.0·High2.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CROX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Crocs, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 8.0x P/FCF, 21% below the 5-year average of 10.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.3B | $4.6B | $6.6B | $5.8B | $6.7B | $8.2B | $4.3B | $3.0B | $1.8B | $913M | $506M |
| Enterprise Value | $6.8B | $6.1B | $8.1B | $7.6B | $9.1B | $8.9B | $4.5B | $3.3B | $1.8B | $740M | $359M |
| P/E Ratio → | -70.50 | — | 6.90 | 7.30 | 12.45 | 11.26 | 13.74 | 25.08 | — | — | — |
| P/S Ratio | 1.31 | 1.15 | 1.60 | 1.46 | 1.89 | 3.53 | 3.10 | 2.44 | 1.63 | 0.89 | 0.49 |
| P/B Ratio | 4.43 | 3.58 | 3.57 | 3.98 | 8.22 | 580.17 | 14.78 | 22.79 | 11.83 | 2.48 | 1.27 |
| P/FCF | 8.03 | 7.03 | 7.10 | 7.10 | 13.47 | 15.98 | 19.10 | 56.32 | 17.40 | 10.73 | 28.83 |
| P/OCF | 7.45 | 6.53 | 6.60 | 6.22 | 11.15 | 14.40 | 16.09 | 33.42 | 15.57 | 9.29 | 12.74 |
P/E links to full P/E history page with 30-year chart
CROX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Crocs, Inc.'s enterprise value stands at 7.0x EBITDA, 19% below its 5-year average of 8.7x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 38% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.51 | 1.97 | 1.93 | 2.57 | 3.86 | 3.27 | 2.67 | 1.63 | 0.72 | 0.35 |
| EV / EBITDA | 7.01 | 6.33 | 7.40 | 6.94 | 10.25 | 12.48 | 18.74 | 21.53 | 19.22 | 14.66 | 12.86 |
| EV / EBIT | 7.63 | 6.89 | 7.92 | 7.36 | 10.68 | 13.01 | 21.20 | 25.72 | 26.81 | 38.83 | — |
| EV / FCF | — | 9.28 | 8.75 | 9.37 | 18.29 | 17.45 | 20.15 | 61.64 | 17.34 | 8.69 | 20.42 |
CROX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Crocs, Inc. earns an operating margin of 22.0%, significantly above the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 26.4% to 22.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.2% indicates the company is currently destroying shareholder equity. ROIC of 21.7% represents excellent returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.0% | 57.0% | 58.8% | 55.0% | 52.3% | 61.4% | 54.1% | 50.1% | 51.5% | 50.5% | 48.3% |
| Operating Margin | 22.0% | 22.0% | 24.9% | 26.4% | 23.9% | 29.5% | 15.4% | 10.5% | 5.8% | 1.7% | -0.6% |
| Net Profit Margin | -2.0% | -2.0% | 23.2% | 20.0% | 15.2% | 31.4% | 22.6% | 9.7% | 4.6% | 1.0% | -1.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.2% | -5.2% | 57.8% | 69.8% | 129.8% | 476.3% | 148.1% | 84.7% | 19.5% | 2.7% | -4.0% |
| ROA | -1.8% | -1.8% | 20.1% | 17.3% | 17.9% | 54.5% | 33.7% | 19.8% | 10.0% | 1.8% | -2.8% |
| ROIC | 21.7% | 21.7% | 23.0% | 24.1% | 32.0% | 79.4% | 34.1% | 34.4% | 27.8% | 5.8% | -1.7% |
| ROCE | 23.5% | 23.5% | 25.5% | 26.8% | 33.9% | 68.9% | 32.7% | 33.6% | 18.8% | 4.3% | -1.4% |
CROX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Crocs, Inc. carries a Debt/EBITDA ratio of 1.7x, which is manageable (62% below the sector average of 4.4x). Net debt stands at $1.5B ($1.6B total debt minus $130M cash). Interest coverage of 10.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.25 | 1.25 | 0.93 | 1.37 | 3.17 | 68.42 | 1.29 | 2.98 | 0.80 | 0.00 | 0.01 |
| Debt / EBITDA | 1.67 | 1.67 | 1.56 | 1.81 | 2.92 | 1.35 | 1.54 | 2.58 | 1.30 | 0.01 | 0.09 |
| Net Debt / Equity | — | 1.15 | 0.83 | 1.27 | 2.94 | 53.28 | 0.81 | 2.15 | -0.04 | -0.47 | -0.37 |
| Net Debt / EBITDA | 1.53 | 1.53 | 1.39 | 1.68 | 2.70 | 1.05 | 0.98 | 1.86 | -0.06 | -3.44 | -5.30 |
| Debt / FCF | — | 2.25 | 1.65 | 2.27 | 4.82 | 1.47 | 1.05 | 5.32 | -0.05 | -2.04 | -8.41 |
| Interest Coverage | 10.05 | 10.05 | 9.33 | 6.43 | 6.28 | 31.67 | 31.70 | 14.82 | 69.23 | 21.92 | -7.63 |
CROX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means Crocs, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.74x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.18 | 1.30 | 1.60 | 1.72 | 1.69 | 1.65 | 2.06 | 2.71 | 2.85 |
| Quick Ratio | 0.74 | 0.74 | 0.70 | 0.75 | 0.86 | 1.17 | 1.09 | 0.98 | 1.39 | 1.88 | 1.87 |
| Cash Ratio | 0.19 | 0.19 | 0.24 | 0.21 | 0.30 | 0.55 | 0.47 | 0.43 | 0.68 | 1.11 | 1.01 |
| Asset Turnover | — | 0.97 | 0.85 | 0.85 | 0.79 | 1.50 | 1.24 | 1.67 | 2.32 | 1.88 | 1.83 |
| Inventory Turnover | 4.72 | 4.72 | 4.75 | 4.64 | 3.59 | 4.18 | 3.63 | 3.57 | 4.24 | 3.88 | 3.65 |
| Days Sales Outstanding | — | 30.09 | 25.26 | 30.51 | 33.80 | 34.27 | 42.80 | 35.07 | 36.35 | 34.89 | 33.79 |
CROX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Crocs, Inc. returns 11.1% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 0.1% | 1.2% | 1.3% | 2.4% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 14.5% | 13.7% | 8.0% | 8.9% | 7.3% | 4.0% | — | — | — |
| FCF Yield | 12.5% | 14.2% | 14.1% | 14.1% | 7.4% | 6.3% | 5.2% | 1.8% | 5.7% | 9.3% | 3.5% |
| Buyback Yield | 11.1% | 12.7% | 8.6% | 3.3% | 0.2% | 12.5% | 4.0% | 4.9% | 13.9% | 5.5% | 0.1% |
| Total Shareholder Yield | 11.1% | 12.7% | 8.6% | 3.3% | 0.2% | 12.5% | 4.0% | 5.0% | 15.1% | 6.8% | 2.4% |
| Shares Outstanding | — | $54M | $60M | $62M | $62M | $64M | $69M | $72M | $68M | $72M | $74M |
Peer Comparison
Compare CROX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CROXYou | $5B | -70.5 | 7.0 | 8.0 | 57.0% | 22.0% | -5.2% | 21.7% | 1.7 |
 DECK | $15B | 16.4 | 10.6 | 15.4 | 57.9% | 23.6% | 41.8% | 99.7% | 0.2 |
 SHOO | $3B | 63.5 | 32.2 | 24.4 | 41.1% | 2.7% | 5.0% | 4.9% | 4.8 |
 WWW | $1B | 0.2 | 12.4 | 11.3 | 47.3% | 8.0% | 22.5% | 11.6% | 4.3 |
 CAL | $454M | -61.3 | 15.5 | 14.0 | 43.0% | 1.0% | -1.2% | 1.7% | 8.1 |
 NKE | $52B | 20.3 | 12.4 | 16.0 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 UAA | $1B | -13.8 | — | — | 47.9% | -3.6% | -10.0% | -5.1% | — |
 COLM | $3B | 19.6 | 14.4 | 15.3 | 50.2% | 6.0% | 10.2% | 8.0% | 3.3 |
 BOOT | $5B | 29.2 | 19.0 | — | 37.5% | 12.5% | 17.4% | 12.1% | 1.9 |
 SCVL | $495M | 6.8 | 6.2 | 7.1 | 35.6% | 7.6% | 12.0% | 7.8% | 3.0 |
 DBI | $296M | -35.4 | 15.6 | 3.4 | 42.7% | 1.2% | -3.3% | 1.7% | 13.0 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
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Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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Start ComparisonCROX — Frequently Asked Questions
Quick answers to the most common questions about buying CROX stock.
What is Crocs, Inc.'s P/E ratio?
Crocs, Inc.'s current P/E ratio is -70.5x. The historical average is 27.1x.
What is Crocs, Inc.'s EV/EBITDA?
Crocs, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
What is Crocs, Inc.'s ROE?
Crocs, Inc.'s return on equity (ROE) is -5.2%. The historical average is 61.9%.
Is CROX stock overvalued?
Based on historical data, Crocs, Inc. is trading at a P/E of -70.5x. Compare with industry peers and growth rates for a complete picture.
What are Crocs, Inc.'s profit margins?
Crocs, Inc. has 57.0% gross margin and 22.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Crocs, Inc. have?
Crocs, Inc.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.