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Crocs (CROX) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Consumer Cyclical•Footwear & Accessories
C
AverageMetricSide Score: 45/100
ProfitabilityProfit20/30
GrowthGrowth6/25
Balance SheetBalance11/25
Cash QualityCash8/20
Price & Volume

Crocs, Inc. together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and kids under the Crocs and HEYDUDE Brands in the United States and internationally. The company offers various footwear products, including clogs, sandals, loafers, classics, fuzz, platforms, boots, sandals, slides, slippers, sneakers, flip flops, and flats, as well as totes, backpacks, belt bags, socks, bag charms, cases, attachments, cartoon characters products, and touchland and other accessories. It sells its products through wholesalers, retail stores, e-commerce sites, third-party marketplaces, outlet stores, and kiosks/store-in-store locations. Crocs, Inc. was founded in 1999 and is headquartered in Broomfield, Colorado.

Moat Signals

Competitive analysis based on 81 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~23.0% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Moderate Moat

ROE averages 26.8% but has fluctuated — the competitive advantage may be cyclical or emerging.

Risk Signals

Data-driven red flags and warnings across 81 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 13.9% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

Debt-to-equity has risen 23.9% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Monitor for further erosion.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Healthy

Shares decreased 16.6% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$4.02B
1.9%
Q. Revenue
$921.46M
TTM EBITDA
$213.85M
80.5%
TTM Op. Income
N/A
Q. Op. Income
$200.84M
TTM Net Income
$-103.75M
110.8%
Q. Net Income
$137.56M
EPS
N/A
Shares Out.
$50.71M
10.3%
$4.02B in TTM revenue declined 1.9% YoY, reaching $921.46M last quarter. TTM EBITDA of $213.85M and TTM operating income of N/A shows growth is flowing through. However, net income is negative at $103.75M — growth is not yet reaching the bottom line. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
23.8%
Op. Margin
21.8%
8.4%
Net Margin
14.9%
12.6%
Op. margin of 21.8% is down 2.0% YoY — costs are rising relative to revenue. Net margin at 14.9%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
1.0x
P/B Ratio
2.8x
P/S of 1.0x and P/B of 2.8x. A low P/S may indicate the stock is undervalued.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$4.34B
Cash
$130.88M
Long-Term Debt
$1.33B
Book Value
$1.43B
D/E Ratio
0.9
Debt/EBITDA
6.1
With $4.34B in assets and $1.33B in long-term debt, the D/E of 0.9and book value of $1.43B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

TTM Free Cash Flow
N/A
FCF Margin
NaN%
FCF / Net Income
NaN
TTM FCF of N/A. The FCF / Net Income ratio of NaNx shows cash consumption — the business is not yet self-funding.

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Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.