CROX - Crocs, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$92.20
DETAILS
HIGH:
$100.00
LOW:
$85.00
MEDIAN:
$90.00
CONSENSUS:
$92.20
UPSIDE:
10.99%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 4,102.1 | 3,962.3 | 3,555.0 | 2,313.4 | 1,386.0 | 1,230.6 | 1,088.2 | 1,023.5 | 1,036.3 | 1,090.6 |
| Cost of Revenue | 1,691.8 | 1,784.8 | 1,694.7 | 893.2 | 636.0 | 613.5 | 528.1 | 506.3 | 536.1 | 579.8 |
| Gross Profit | 2,410.3 | 2,177.6 | 1,860.3 | 1,420.2 | 749.9 | 617.1 | 560.2 | 517.2 | 500.2 | 510.8 |
| Operating Expenses | ||||||||||
| R&D Expenses | 25.6 | 21.4 | 18.7 | 13.7 | 10.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 1,290.9 | 1,109.7 | 929.2 | 715.9 | 535.8 | 457.6 | 447.8 | 494.6 | 463.6 | 515.3 |
| Other Expenses | 71.9 | 0.0 | 61.7 | 7.6 | (10.2) | 19.0 | 35.3 | (13.4) | 27.7 | 53.8 |
| Operating Expenses | 1,388.3 | 1,131.1 | 1,009.5 | 737.2 | 535.8 | 488.4 | 497.2 | 494.6 | 503.2 | 559.1 |
| Operating Income | ||||||||||
| Operating Income | 1,021.9 | 1,046.5 | 850.8 | 683.1 | 214.1 | 128.6 | 62.9 | 17.3 | (6.2) | (72.3) |
| Interest Expense | 109.3 | 161.4 | 136.2 | 21.6 | 6.7 | 8.6 | 1.0 | 0.9 | 0.8 | 1.0 |
| Interest Income | 3.5 | 2.4 | 1.0 | 0.8 | 0.2 | 0.6 | 1.3 | 0.9 | 0.7 | 1.0 |
| Profitability | ||||||||||
| EBITDA | 1,089.7 | 1,091.9 | 893.9 | 717.5 | 241.3 | 152.2 | 95.4 | 52.2 | 27.7 | (37.8) |
| EBIT | 1,019.8 | 1,037.6 | 854.7 | 685.5 | 213.7 | 128.0 | 66.1 | 19.0 | (6.4) | (73.8) |
| Income Before Tax | 910.6 | 876.3 | 718.5 | 663.8 | 207.0 | 119.3 | 65.2 | 18.2 | (7.2) | (74.7) |
| Income Tax Expense | (39.5) | 83.7 | 178.3 | (61.8) | (105.9) | (0.2) | 14.7 | 7.9 | 9.3 | 8.5 |
| Net Income | 950.1 | 792.6 | 540.2 | 725.7 | 312.9 | 119.5 | 50.4 | 10.2 | (16.5) | (83.2) |
| Per Share Data | ||||||||||
| EPS (Basic) | 16.00 | 12.91 | 8.82 | 11.62 | 4.64 | 1.70 | -1.01 | -0.07 | -0.43 | -1.30 |
| EPS (Diluted) | 15.88 | 12.79 | 8.71 | 11.39 | 4.56 | 1.67 | -1.01 | -0.07 | -0.43 | -1.30 |
| Shares Outstanding | 59.4 | 61.4 | 61.2 | 62.5 | 67.4 | 70.4 | 68.4 | 72.3 | 73.4 | 75.4 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 180.5 | 149.3 | 191.6 | 213.3 | 137.3 | 109.8 | 125.3 | 174.3 | 150.1 | 143.3 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 283.9 | 331.2 | 329.2 | 217.2 | 162.5 | 118.3 | 108.4 | 97.8 | 95.9 | 108.1 |
| Inventory | 356.3 | 385.1 | 471.6 | 213.5 | 175.1 | 172.0 | 124.5 | 130.3 | 147.0 | 168.2 |
| Other Current Assets | 51.6 | 45.1 | 33.6 | 0.1 | 1.5 | 1.5 | 1.9 | 2.1 | 2.5 | 2.6 |
| Total Current Assets | 872.3 | 910.7 | 1,026.0 | 666.6 | 492.8 | 425.4 | 380.3 | 425.0 | 425.5 | 445.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 551.6 | 525.8 | 421.4 | 269.2 | 224.9 | 229.6 | 22.2 | 35.0 | 44.1 | 49.5 |
| Goodwill | 711.5 | 711.6 | 714.8 | 1.6 | 1.7 | 1.6 | 1.6 | 1.7 | 1.5 | 2.0 |
| Intangible Assets | 1,777.1 | 1,792.6 | 1,800.2 | 28.8 | 37.6 | 47.1 | 45.7 | 56.4 | 72.7 | 82.3 |
| Long-Term Investments | 3.2 | 3.8 | 3.3 | 3.7 | 1.9 | 2.3 | 2.2 | 2.8 | 2.5 | 0.0 |
| Other Non-Current Assets | 24.2 | 31.4 | 7.9 | 8.1 | 8.9 | 8.1 | 8.2 | 12.5 | 13.3 | 23.3 |
| Total Non-Current Assets | 3,939.9 | 3,733.1 | 3,475.8 | 878.5 | 625.9 | 313.4 | 88.6 | 118.6 | 140.9 | 162.1 |
| Total Assets | 4,812.2 | 4,643.8 | 4,501.8 | 1,545.1 | 1,118.7 | 738.8 | 468.9 | 543.7 | 566.4 | 608.0 |
| Current Liabilities | ||||||||||
| Account Payables | 264.9 | 261.0 | 230.8 | 162.1 | 112.8 | 95.8 | 77.2 | 66.4 | 61.9 | 63.3 |
| Short-Term Debt | 68.6 | 85.6 | 81.8 | 42.9 | 47.1 | 48.6 | 0.0 | 0.7 | 2.3 | 4.8 |
| Deferred Revenue | 0.0 | 0.0 | 6.8 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 216.8 | 215.5 | 177.2 | 103.8 | 77.8 | 66.2 | 58.2 | 49.5 | 57.4 | 71.6 |
| Total Current Liabilities | 740.2 | 698.3 | 641.3 | 388.2 | 291.6 | 257.2 | 184.5 | 157.0 | 149.1 | 167.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 1,349.3 | 1,641.0 | 2,298.0 | 771.4 | 180.0 | 205.0 | 120.0 | 0.0 | 0.0 | 1.6 |
| Deferred Tax Liabilities | 4.1 | 12.9 | 302.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 599.4 | 567.9 | 227.4 | 222.1 | 210.1 | 4.5 | 14.1 | 18.3 | 17.9 | 17.7 |
| Total Non-Current Liabilities | 2,236.2 | 2,491.6 | 3,042.6 | 1,142.7 | 536.5 | 349.7 | 134.1 | 18.4 | 18.0 | 19.3 |
| Total Liabilities | 2,976.4 | 3,189.9 | 3,683.9 | 1,531.0 | 828.1 | 606.9 | 318.6 | 175.4 | 167.1 | 186.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 3,561.8 | 2,611.8 | 1,819.2 | 1,279.0 | 553.3 | 240.5 | 121.2 | 190.4 | 195.7 | 227.5 |
| Accumulated Other Comprehensive Income | (132.6) | (95.8) | (103.5) | (76.8) | (56.4) | (58.4) | (54.7) | (43.4) | (55.6) | (50.9) |
| Total Stockholders' Equity | 1,835.7 | 1,453.9 | 817.9 | 14.1 | 290.6 | 131.9 | 150.3 | 368.3 | 399.3 | 421.6 |
| Total Liabilities & Equity | 4,812.2 | 4,643.8 | 4,501.8 | 1,545.1 | 1,118.7 | 738.8 | 468.9 | 543.7 | 566.4 | 608.0 |
| Debt Metrics | ||||||||||
| Total Debt | 1,701.3 | 1,996.4 | 2,595.0 | 963.6 | 373.5 | 393.7 | 120.0 | 0.7 | 2.4 | 6.4 |
| Net Debt | 1,520.8 | 1,847.1 | 2,403.3 | 750.3 | 236.1 | 284.0 | (5.3) | (173.6) | (147.7) | (136.9) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 950.1 | 792.6 | 540.2 | 725.7 | 312.9 | 119.5 | 50.4 | 10.2 | (16.5) | (83.2) |
| Depreciation & Amortization | 69.8 | 54.3 | 39.2 | 32.0 | 27.6 | 24.2 | 29.2 | 33.1 | 34.0 | 36.0 |
| Stock-Based Compensation | 33.1 | 29.1 | 31.3 | 38.1 | 16.4 | 14.4 | 13.1 | 9.8 | 10.7 | 11.2 |
| Change in Working Capital | 68.4 | 366.5 | (91.7) | (44.5) | 132.4 | (111.3) | 12.0 | 44.9 | 14.0 | (2.2) |
| Other Non-Cash Items | 125.5 | 98.3 | 88.9 | 57.2 | 102.7 | 59.4 | 8.5 | 3.3 | (2.1) | 47.6 |
| Operating Cash Flow | 992.5 | 930.4 | 603.1 | 567.2 | 266.9 | 90.0 | 114.2 | 98.3 | 39.8 | 9.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | (69.3) | (115.6) | (104.2) | (55.9) | (42.0) | (36.6) | (12.0) | (13.1) | (22.2) | (18.5) |
| Acquisitions | 0.0 | 0.0 | (2,046.9) | 0.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | 0.0 | (0.0) | (0.0) | (0.0) | (0.2) | 0.3 | 1.9 | 1.6 | 2.3 | (0.1) |
| Investing Cash Flow | (69.3) | (115.7) | (2,151.1) | (55.9) | (41.8) | (36.2) | (10.1) | (11.5) | (19.9) | (18.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (323.2) | (665.8) | 1,594.6 | 605.0 | (25.0) | 85.0 | 119.3 | (3.1) | (4.0) | (5.3) |
| Stock Repurchased | (560.7) | (192.1) | (11.5) | (1,020.1) | (173.9) | (148.7) | (246.9) | (50.0) | (0.3) | (85.9) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (3.0) | (21.0) | (12.0) | (12.0) | (11.9) |
| Other Financing Activities | (2.1) | (1.7) | (53.5) | (14.5) | 0.9 | (1.9) | (0.3) | (0.3) | (0.8) | 1.9 |
| Financing Cash Flow | (886.0) | (859.6) | 1,529.7 | (429.6) | (198.0) | (68.6) | (148.8) | (65.4) | (16.4) | (101.3) |
| Cash Position | ||||||||||
| Net Change in Cash | 30.6 | (41.8) | (22.0) | 77.7 | 27.2 | (15.5) | (49.5) | 24.6 | 4.2 | (124.2) |
| Cash at Beginning | 153.1 | 194.9 | 216.9 | 139.3 | 112.0 | 127.5 | 177.1 | 147.6 | 143.3 | 267.5 |
| Cash at End | 183.7 | 153.1 | 194.9 | 216.9 | 139.3 | 112.0 | 127.5 | 172.1 | 147.6 | 143.3 |
| Free Cash Flow | 923.1 | 814.8 | 499.0 | 511.2 | 224.9 | 53.4 | 102.2 | 85.1 | 17.6 | (8.8) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 4,102.1 | 3,962.3 | 3,555.0 | 2,313.4 | 1,386.0 | 1,230.6 | 1,088.2 | 1,023.5 | 1,036.3 | 1,090.6 |
| Gross Profit | 2,410.3 | 2,177.6 | 1,860.3 | 1,420.2 | 749.9 | 617.1 | 560.2 | 517.2 | 500.2 | 510.8 |
| Operating Income | 1,021.9 | 1,046.5 | 850.8 | 683.1 | 214.1 | 128.6 | 62.9 | 17.3 | (6.2) | (72.3) |
| Net Income | 950.1 | 792.6 | 540.2 | 725.7 | 312.9 | 119.5 | 50.4 | 10.2 | (16.5) | (83.2) |
| EPS (Diluted) | 15.88 | 12.79 | 8.71 | 11.39 | 4.56 | 1.67 | -1.01 | -0.07 | -0.43 | -1.30 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 180.5 | 149.3 | 191.6 | 213.3 | 137.3 | 109.8 | 125.3 | 174.3 | 150.1 | 143.3 |
| Total Assets | 4,812.2 | 4,643.8 | 4,501.8 | 1,545.1 | 1,118.7 | 738.8 | 468.9 | 543.7 | 566.4 | 608.0 |
| Total Debt | 1,701.3 | 1,996.4 | 2,595.0 | 963.6 | 373.5 | 393.7 | 120.0 | 0.7 | 2.4 | 6.4 |
| Stockholders' Equity | 1,835.7 | 1,453.9 | 817.9 | 14.1 | 290.6 | 131.9 | 150.3 | 368.3 | 399.3 | 421.6 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 992.5 | 930.4 | 603.1 | 567.2 | 266.9 | 90.0 | 114.2 | 98.3 | 39.8 | 9.7 |
| Capital Expenditure | (69.3) | (115.6) | (104.2) | (55.9) | (42.0) | (36.6) | (12.0) | (13.1) | (22.2) | (18.5) |
| Free Cash Flow | 923.1 | 814.8 | 499.0 | 511.2 | 224.9 | 53.4 | 102.2 | 85.1 | 17.6 | (8.8) |