Crocs Inc Financial Statements Analysis and Insights

Crocs Inc has been consistently profitable since 2008, with a net income of $1.4 billion in 2020.

The company's revenue has grown significantly over the years, from $1.1 billion in 2010 to $4.1 billion in 2020.

Crocs Inc's gross margin has remained relatively stable, averaging around 48% between 2015 and 2020.

The company's operating expenses have increased over time, with a notable spike in 2017 due to a significant increase in marketing and advertising expenses.

Crocs Inc's balance sheet is relatively healthy, with a current ratio of 3.5 in 2020, indicating the company's ability to meet its short-term obligations.

Worth a look: Why Are Crocs so Expensive?

Crocs, Inc. has seen significant changes in its capital expenditures (CAPEX) over the years. CAPEX increased by 33.03% from 2020 to 2021.

The company's free cash flow (FCF) has also experienced notable fluctuations. FCF more than doubled from 2020 to 2021, reaching $511.2 million.

Crocs' CAPEX continued to rise, increasing by 86.33% from 2021 to 2022. However, this was followed by a decline in FCF, which decreased by 2.41% from 2021 to 2022.

Here's a breakdown of Crocs' CAPEX and FCF growth over the years:

Crocs' CAPEX has continued to fluctuate, decreasing by 40.02% from 2023 to 2024.

In the 2025 and 2026 financial statements, we can see some interesting valuation ratios for Crocs Inc. The price-to-earnings (P/E) ratio is a key metric to consider.

The P/E ratio for 2025 is a staggering -47.2x, which suggests that the company's stock price is significantly lower than its earnings. In contrast, the P/E ratio for 2026 is a relatively more reasonable 7.54x.

The price-to-book (PBR) ratio is another important metric that indicates the company's stock price relative to its book value. For 2025, the PBR ratio is 2.48x, while for 2026 it's 2.09x.

Here's a summary of the valuation ratios for 2025 and 2026:

The enterprise value to sales (EV/Sales) ratio is also worth noting, as it indicates the company's valuation relative to its revenue. For 2025, the EV/Sales ratio is 1.34x, while for 2026 it's 1.26x.

Crocs Inc's revenue breakdown by segments reveals some interesting insights. The company's total revenue is a staggering $4.1 billion, with the majority coming from the Crocs Brand, which accounts for $3.3 billion or 79.9% of the total.

The Crocs Brand is the clear winner here, generating nearly 80% of the company's revenue.

The Heydude Brand, on the other hand, contributes a relatively smaller portion of the revenue, at $824.1 million or 20.1%.

Here's a breakdown of the revenue by segments:

Crocs Inc's financial health is a crucial aspect to consider when evaluating the company's overall financial situation. The company has a debt-to-equity ratio of 97%, which is a significant concern.

Its total debt is $1.4B, which is equal to its total shareholder equity. This indicates that the company is heavily indebted, which can impact its ability to take on more debt or make large payments.

Crocs' EBIT is $1.0B, which makes its interest coverage ratio 10.9. This suggests that the company has sufficient earnings to cover its interest payments.

The company has cash and short-term investments of $200.6M, which is a relatively small amount compared to its total assets of $4.5B.

Here is a breakdown of Crocs' financial health metrics:

Overall, Crocs' financial health is a mixed bag. While the company has sufficient earnings to cover its interest payments, its heavy debt burden and relatively small cash reserves are cause for concern.

Crocs Inc's financial health is a crucial aspect to consider when evaluating the company's overall performance. The debt to equity ratio stands at US$1.38b, indicating a significant amount of debt relative to its equity.

Crocs Inc has a manageable debt burden, with a total of US$3.03b in liabilities. This is a substantial amount, but it's essential to consider the company's ability to cover its interest payments.

The interest coverage ratio is a key metric in this regard, and Crocs Inc's ratio of 10.9x suggests that it can easily cover its interest expenses. This is a positive sign for the company's financial health.

As of the latest financial statements, Crocs Inc has US$200.61m in cash on hand, which can be used to cover short-term expenses or make strategic investments. The company's equity stands at US$1.42b, providing a solid foundation for its operations.

Here's a summary of Crocs Inc's key financial metrics: