Crocs, Inc. (CROX) Stock Analysis
Consumer Cyclical · Footwear & Accessories · NasdaqGS
Crocs, Inc. (CROX) posted $4.04B in revenue for fiscal 2025 (down 1.5% year over year), with a net loss of $81.20M, and has compounded revenue about 23.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Crocs, Inc.
Crocs, Inc. has grown revenue from $1.04B to $4.04B over the last 10 fiscal years, compounding about 23.9% a year. The most recent year was down 1.5%, so growth has cooled from its longer-run pace.
Net margin sits at -2%, down 25.2 points year over year on a 58.3% gross margin. It carries about $1.23B of total debt.
At today's valuation the market is pricing in roughly -2.9% annual free-cash-flow growth — versus the 24% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Crocs, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Crocs, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $1.02B | $1.09B | $1.23B | $1.39B | $2.31B | $3.55B | $3.96B | $4.10B | $4.04B |
| Gross profit | $500.16M | $517.22M | $560.15M | $617.06M | $749.95M | $1.42B | $1.86B | $2.21B | $2.41B | $2.36B |
| Net income | $-16.49M | $10.24M | $50.44M | $119.50M | $312.86M | $725.69M | $540.16M | $792.57M | $950.07M | $-81.20M |
| Net margin | -1.6% | 1.0% | 4.6% | 9.7% | 22.6% | 31.4% | 15.2% | 20.0% | 23.2% | -2.0% |
Source: Crocs, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Crocs, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 17.3% while revenue rose -1.5% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -2.0%).
What growth is priced into CROX stock?
At today's market cap of $6.12B, Crocs, Inc. is priced for free-cash-flow growth of about -2.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $659.20M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 24%/yr over the last five fiscal years and revenue 23.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Crocs, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Crocs, Inc. financial history by metric
Compare Crocs, Inc. with peers
About Crocs, Inc.
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.
Crocs, Inc. — frequently asked questions
What is Crocs, Inc.'s revenue?
Crocs, Inc. (CROX) reported revenue of $4.04B for fiscal year 2025, down 1.5% from the prior year, according to its SEC filings.
Is Crocs, Inc. profitable?
No — CROX reported a net loss of $-81.20M in fiscal 2025.
What is CROX's P/E ratio?
Crocs, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Crocs, Inc. growing?
CROX's revenue grew at roughly 23.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Crocs, Inc. have?
As of fiscal year 2025, CROX carried roughly $1.23B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Crocs, Inc.'s gross margin?
CROX's gross margin was 58.3% in fiscal 2025 — gross profit of $2.36B on revenue of $4.04B.
What is Crocs, Inc.'s market cap?
Crocs, Inc. (CROX) has a market capitalization of about $6.12B, based on the latest data in our nightly-refreshed cache.
When does Crocs, Inc.'s fiscal year end?
CROX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CROX stock?
At today's market cap of $6.12B, Crocs, Inc. is priced for free-cash-flow growth of about -2.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $659.20M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 24%/yr over the last five fiscal years and revenue 23.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Crocs, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.