CROXCrocs, Inc.
Rubber & Plastics Footwear
- Revenue
- $4.0B
- 1.5% YoY
- Operating margin
- 3.7%
- 85% YoY
- EBITDA
- $229M
- 79% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.7×
- −$163M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear82% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear9% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.3B | $3.6B | $4.0B | $4.1B | $4.0B | 1.5% |
| Operating income | $683M | $851M | $1.0B | $1.0B | $150M | 85% |
| Net income | $726M | $540M | $793M | $950M | −$81M | 109% |
| Operating cash flow | $567M | $603M | $930M | $992M | $710M | 28% |
| Capex | $56M | $104M | $116M | $69M | $51M | 26% |
| Stock-based comp | $38M | $31M | $29M | $33M | $37M | 11% |
| Buybacks | $1.0B | $0 | $175M | $552M | $582M | 5.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $613K · 4
- Open-market sells, 12 mo
- $496K · 1
- Net
- $116K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | $7M | 136 | 58 |
| FY2024 | $12M | $14M | 175 | 75 |
| FY2023 | $11M | $9M | 149 | 87 |
| FY2022 | $10M | −$4M | 173 | 87 |
| FY2021 | $16M | $57M | 205 | 118 |