📊 CROX Key Takeaways
Investment Thesis
Crocs faces significant near-term headwinds with negative net income of -$81.2M and declining revenue (-1.5% YoY), despite maintaining a healthy gross margin of 58.3% and strong free cash flow generation of $659.2M. The deterioration in profitability (net margin of -2.0% and negative ROE/ROA) suggests operational challenges that outweigh the company's otherwise solid balance sheet and cash generation capabilities.
CROX Strengths
- Strong gross margin of 58.3% indicates pricing power and efficient manufacturing
- Robust free cash flow of $659.2M (16.3% FCF margin) demonstrates underlying business quality despite accounting losses
- Solid balance sheet with manageable debt-to-equity ratio of 0.95x and adequate interest coverage of 4.9x
- Reasonable liquidity position with $130.4M cash and current ratio of 1.27x
CROX Risks
- Net loss of $81.2M in latest period with negative net margin of -2.0% indicates profitability deterioration
- Revenue declining year-over-year (-1.5%) suggesting demand weakness or market headwinds
- Operating margin compressed to 3.7% despite high gross margins, pointing to elevated operating expenses
- Negative returns on equity (-6.3%) and assets (-1.9%) eroding shareholder value
- Quick ratio of 0.74x below 1.0x indicates potential near-term liquidity stress beyond cash conversion
Key Metrics to Watch
- Quarterly revenue trends and operating margin trajectory for profitability recovery
- Operating expense ratio and SG&A efficiency improvements
- Cash conversion quality and sustenance of free cash flow generation despite net losses
- Gross margin sustainability amid competitive and cost pressures
CROX Financial Metrics
💡 AI Analyst Insight
Crocs, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
CROX Profitability Ratios
CROX vs Default Sector
How Crocs, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CROX Balance Sheet & Liquidity
CROX 5-Year Financial Trend
5-Year Trend Summary: Crocs, Inc.'s revenue has grown significantly by 77% over the 5-year period, indicating strong business expansion. The most recent EPS of $12.79 reflects profitable operations.
CROX Growth Metrics (YoY)
CROX Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $996.3M | $145.8M | $2.70 |
| Q2 2025 | $1.1B | $228.9M | $3.77 |
| Q1 2025 | $937.3M | $152.5M | $2.50 |
| Q3 2024 | $1.0B | $177.0M | $2.87 |
| Q2 2024 | $1.1B | $212.4M | $3.39 |
| Q1 2024 | $884.2M | $149.5M | $2.39 |
| Q3 2023 | $985.1M | $169.3M | $2.72 |
| Q2 2023 | $964.6M | $160.3M | $2.58 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CROX Capital Allocation
CROX SEC Filings
Access official SEC EDGAR filings for Crocs, Inc. (CIK: 0001334036)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773355852.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773355847.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773355841.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773355836.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773355829.xml | View → |
❓ Frequently Asked Questions about CROX
What is the AI rating for CROX?
Crocs, Inc. (CROX) has an AI rating of SELL with 72% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CROX's key strengths?
Strong gross margin of 58.3% indicates pricing power and efficient manufacturing. Robust free cash flow of $659.2M (16.3% FCF margin) demonstrates underlying business quality despite accounting losses.
What are the risks of investing in CROX?
Net loss of $81.2M in latest period with negative net margin of -2.0% indicates profitability deterioration. Revenue declining year-over-year (-1.5%) suggesting demand weakness or market headwinds.
What is CROX's revenue and growth?
Crocs, Inc. reported revenue of $4.0B.
Does CROX pay dividends?
Crocs, Inc. does not currently pay dividends.
Where can I find CROX SEC filings?
Official SEC filings for Crocs, Inc. (CIK: 0001334036) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CROX's EPS?
Crocs, Inc. has a diluted EPS of $-1.50.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.