Crocs, Inc. (CROX) Key Metrics
CROX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.90B
- Enterprise value
- $7.42B
- P/E (TTM)
- 10.8 10-yr median 13.1
- Forward P/E
- 8.2
- PEG ratio
- 1.39
- Price / sales
- 1.5 10-yr median 1.6
- Price / book
- 4.3 10-yr median 6.1
- EV / EBITDA
- 8.0 10-yr median 13.6
- Dividend yield
- —
- Beta
- 1.56
CROX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCROX valuation Price multiples at each fiscal year-end price.
CROX returns How much profit the business earns on the capital it uses.
CROX per-share figures Results divided by the shares outstanding at year-end.
CROX financial health Debt, liquidity and how easily interest is covered.
CROX efficiency & capital use Working capital cycle and where the cash goes.
CROX valuation history
CROX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CROX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CROX cash returned to shareholders
CROX price vs earnings per share
CROX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.64B | $6.55B | $5.79B | $6.72B | $8.17B | $4.29B | $3.01B | $1.78B | $913.3M | $506.3M |
| Enterprise value | $6.12B | $8.07B | $7.63B | $9.13B | $8.92B | $4.53B | $3.29B | $1.78B | $739.7M | $358.6M |
| P/E ratio | — | 6.9 | 7.3 | 12.4 | 11.3 | 13.7 | 25.2 | 35.2 | 89.2 | — |
| Price / sales | 1.1 | 1.6 | 1.5 | 1.9 | 3.5 | 3.1 | 2.4 | 1.6 | 0.9 | 0.5 |
| Price / book | 3.6 | 3.6 | 4.0 | 8.2 | 580.2 | 14.8 | 22.8 | 11.8 | 2.5 | 1.3 |
| Price / free cash flow | 7.0 | 7.1 | 7.1 | 13.5 | 16.0 | 19.1 | 56.3 | 17.4 | 10.7 | 28.8 |
| Price / operating cash flow | 6.5 | 6.6 | 6.2 | 11.1 | 14.4 | 16.1 | 33.4 | 15.6 | 9.3 | 12.7 |
| EV / sales | 1.5 | 2.0 | 1.9 | 2.6 | 3.9 | 3.3 | 2.7 | 1.6 | 0.7 | 0.3 |
| EV / EBITDA | 25.4 | 7.4 | 7.0 | 10.2 | 12.4 | 18.8 | 21.6 | 18.6 | 14.2 | 13.0 |
| EV / free cash flow | 9.3 | 8.7 | 9.4 | 18.3 | 17.4 | 20.1 | 61.6 | 17.4 | 8.7 | 20.4 |
| Earnings yield | −1.8% | 14.5% | 13.7% | 8.0% | 8.9% | 7.3% | 4.0% | 2.8% | 1.1% | −3.3% |
| Free cash flow yield | 14.2% | 14.1% | 14.1% | 7.4% | 6.3% | 5.2% | 1.8% | 5.7% | 9.3% | 3.5% |
| Dividend yield | — | — | — | — | 0.0% | 0.0% | 0.1% | 1.2% | 1.3% | 2.4% |
| Shareholder yield (dividends + buybacks) | 12.6% | 8.6% | 3.3% | 0.2% | 12.5% | 4.0% | 5.0% | 15.1% | 6.8% | 2.4% |
| Share price at fiscal year-end | $85.52 | $109.53 | $93.41 | $108.43 | $128.22 | $62.66 | $41.89 | $25.98 | $12.64 | $6.86 |
| Per share | ||||||||||
| Revenue per share | $74.54 | $68.56 | $63.96 | $57.33 | $36.31 | $20.22 | $17.15 | $15.90 | $14.17 | $14.04 |
| Earnings per share | −$1.50 | $15.88 | $12.79 | $8.71 | $11.39 | $4.56 | $1.66 | $0.74 | $0.14 | −$0.22 |
| Operating cash flow per share | $13.11 | $16.59 | $15.02 | $9.73 | $8.90 | $3.89 | $1.25 | $1.67 | $1.36 | $0.54 |
| Free cash flow per share | $12.16 | $15.43 | $13.15 | $8.05 | $8.02 | $3.28 | $0.74 | $1.49 | $1.18 | $0.24 |
| Cash per share | $2.40 | $3.02 | $2.41 | $3.09 | $3.35 | $2.00 | $1.53 | $1.80 | $2.41 | $2.03 |
| Book value per share | $23.86 | $30.68 | $23.47 | $13.19 | $0.22 | $4.24 | $1.84 | $2.20 | $5.10 | $5.41 |
| Tangible book value per share | −$8.04 | −$10.91 | −$16.95 | −$27.37 | −$0.26 | $3.67 | $1.16 | $1.51 | $4.29 | $4.40 |
| Dividends per share | — | — | — | — | $0.00 | $0.00 | $0.04 | $0.31 | $0.17 | $0.16 |
| Capex per share | $0.95 | $1.16 | $1.87 | $1.68 | $0.88 | $0.61 | $0.51 | $0.18 | $0.18 | $0.30 |
| Debt per share | $29.77 | $28.43 | $32.22 | $41.85 | $15.12 | $5.45 | $5.49 | $1.78 | $0.01 | $0.03 |
| Shares outstanding | 54.2M | 59.8M | 62.0M | 62.0M | 63.7M | 68.5M | 71.8M | 68.4M | 72.3M | 73.8M |
| Change in shares outstanding | −9.4% | −3.4% | −0.1% | −2.7% | −7.0% | −4.5% | +4.9% | −5.3% | −2.1% | −2.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −5.2% | 57.8% | 69.8% | 129.8% | 476.3% | 148.1% | 84.7% | 19.5% | 2.7% | −4.0% |
| Return on invested capital (ROIC) | 2.4% | 30.7% | 29.0% | 32.1% | 105.8% | 45.4% | 45.6% | 28.4% | 4.4% | −1.8% |
| Return on assets (ROA) | −1.8% | 20.1% | 17.3% | 17.9% | 54.5% | 33.7% | 19.8% | 10.0% | 1.8% | −2.8% |
| Return on tangible assets | −3.3% | 40.9% | 37.0% | 27.2% | 47.9% | 29.0% | 17.3% | 12.0% | 2.1% | −3.4% |
| Free cash flow margin | 16.3% | 22.5% | 20.6% | 14.0% | 22.1% | 16.2% | 4.3% | 9.4% | 8.3% | 1.7% |
| Income quality (OCF / net income) | — | 1.04 | 1.17 | 1.12 | 0.78 | 0.85 | 0.75 | 2.26 | 9.60 | — |
| Financial health | ||||||||||
| Total debt | $1.61B | $1.70B | $2.00B | $2.59B | $963.6M | $373.5M | $393.7M | $121.7M | $676,000 | $2.4M |
| Cash & short-term investments | $130.4M | $180.5M | $149.3M | $191.6M | $213.3M | $137.3M | $109.8M | $123.4M | $174.3M | $150.1M |
| Net debt | $1.48B | $1.52B | $1.85B | $2.40B | $750.3M | $236.1M | $284.0M | −$1.6M | −$173.6M | −$147.7M |
| Debt / equity | 1.25 | 0.93 | 1.37 | 3.17 | 68.42 | 1.29 | 2.98 | 0.81 | 0.00 | 0.01 |
| Debt / assets | 0.39 | 0.35 | 0.43 | 0.58 | 0.62 | 0.33 | 0.53 | 0.26 | 0.00 | 0.00 |
| Net debt / EBITDA | 6.17 | 1.40 | 1.69 | 2.69 | 1.05 | 0.98 | 1.87 | −0.02 | −3.33 | −5.34 |
| Current ratio | 1.27 | 1.18 | 1.30 | 1.60 | 1.72 | 1.69 | 1.65 | 2.06 | 2.71 | 2.85 |
| Quick ratio | 0.74 | 0.70 | 0.75 | 0.86 | 1.17 | 1.09 | 0.98 | 1.39 | 1.88 | 1.87 |
| Interest coverage | 1.7 | 9.4 | 6.5 | 6.2 | 31.6 | 31.8 | 14.9 | 65.9 | 19.9 | -7.4 |
| Working capital | $185.8M | $132.1M | $212.4M | $384.7M | $278.3M | $201.3M | $168.2M | $195.8M | $268.0M | $276.3M |
| Invested capital | $2.78B | $3.36B | $3.30B | $3.22B | $764.4M | $526.8M | $415.9M | $148.7M | $194.7M | $251.6M |
| Tangible asset value | −$436.1M | −$652.8M | −$1.05B | −$1.70B | −$16.3M | $251.3M | $83.2M | $103.0M | $310.2M | $325.1M |
| Net current asset value | −$2.00B | −$2.10B | −$2.28B | −$2.66B | −$864.4M | −$335.2M | −$181.5M | $61.7M | $249.7M | $258.4M |
| Graham number | — | $104.70 | $82.19 | $50.85 | $7.53 | $20.87 | $8.30 | $6.04 | $4.03 | — |
| Graham net-net per share | −$42.74 | −$40.19 | −$41.96 | −$48.54 | −$16.45 | −$7.02 | −$4.49 | −$0.76 | $1.90 | $1.74 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $0 | $0 | $3.0M | $21.0M | $12.0M | $12.0M |
| Share buybacks (net) | $582.3M | $560.7M | $192.1M | $11.5M | $1.02B | $173.9M | $147.2M | $246.9M | $50.0M | $324,000 |
| Dividend payout ratio | — | — | — | — | 0.0% | 0.0% | 2.5% | 41.7% | 117.2% | — |
| Dividends + buybacks / free cash flow | 88.3% | 60.7% | 23.6% | 2.3% | 199.5% | 77.3% | 281.3% | 262.1% | 72.8% | 70.2% |
| Capex / revenue | 1.3% | 1.7% | 2.9% | 2.9% | 2.4% | 3.0% | 3.0% | 1.1% | 1.3% | 2.1% |
| Capex / operating cash flow | 7.2% | 7.0% | 12.4% | 17.3% | 9.9% | 15.7% | 40.7% | 10.5% | 13.3% | 55.8% |
| Capex / depreciation | 0.65 | 0.99 | 2.13 | 2.66 | 1.75 | 1.52 | 1.51 | 0.41 | 0.40 | 0.65 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.7% | 0.9% | 1.6% | 1.2% | 1.2% | 1.2% | 1.0% | 1.0% |
| R&D / revenue | 0.7% | 0.6% | 0.5% | 0.5% | 0.6% | 0.7% | 1.0% | 1.3% | 1.3% | 1.1% |
| SG&A / revenue | 35.6% | 31.5% | 28.0% | 26.1% | 30.9% | 38.7% | 37.2% | 41.1% | 48.3% | 44.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.9 | 27.4 | 30.4 | 28.0 | 30.0 | 37.0 | 33.6 | 34.6 | 34.6 | 35.9 |
| Days of inventory on hand | 78.6 | 80.0 | 87.6 | 73.8 | 79.4 | 99.6 | 88.2 | 88.1 | 100.0 | 107.3 |
| Days payables outstanding | 57.6 | 56.7 | 50.3 | 42.3 | 56.2 | 59.8 | 51.5 | 49.6 | 46.3 | 42.6 |
| Cash conversion cycle (days) | 48.9 | 50.6 | 67.7 | 59.5 | 53.2 | 76.7 | 70.4 | 73.0 | 88.3 | 100.6 |
| Receivables turnover | 13.10 | 13.34 | 12.00 | 13.01 | 12.19 | 9.87 | 10.86 | 10.55 | 10.56 | 10.16 |
| Payables turnover | 6.34 | 6.43 | 7.26 | 8.63 | 6.50 | 6.10 | 7.09 | 7.35 | 7.89 | 8.56 |
| Inventory turnover | 4.64 | 4.56 | 4.17 | 4.95 | 4.60 | 3.66 | 4.14 | 4.14 | 3.65 | 3.40 |
| Asset turnover | 0.90 | 0.87 | 0.87 | 1.18 | 1.74 | 1.49 | 2.04 | 2.15 | 1.84 | 1.76 |
| Average receivables | $308.5M | $307.6M | $330.2M | $273.2M | $189.9M | $140.4M | $113.3M | $103.1M | $96.9M | $102.0M |
| Average payables | $265.5M | $262.9M | $245.9M | $196.5M | $137.5M | $104.3M | $86.5M | $71.8M | $64.2M | $62.6M |
| Average inventory | $362.5M | $370.7M | $428.3M | $342.5M | $194.3M | $173.6M | $148.3M | $127.4M | $138.7M | $157.6M |
| Intangibles / total assets | 41.4% | 51.7% | 53.9% | 55.9% | 2.0% | 3.5% | 6.6% | 10.1% | 10.7% | 13.1% |
Computed from CROX's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CROX valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 10.8 and the forward P/E is 8.2. Crocs earned a return on equity of −5.2% and a return on invested capital of 2.4% in fiscal 2025. It ended the year with $1.6 billion of debt and $130.4 million in cash and short-term investments, net debt of $1.5 billion. It returned $582.3 million to shareholders: $0 in dividends and $582.3 million in share buybacks, 88% of free cash flow. The share count fell 26.6% from 73.8M to 54.2M over 9 years.
See the CROX income statement, the CROX chart for price history, or the CROX stock overview for the latest quote and news.
CROX key metrics FAQ
What is Crocs's P/E ratio?
Crocs's trailing P/E ratio is 10.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.2. At the end of fiscal 2025 it was —, compared with a 10-year median of 13.1.
What is Crocs's EV/EBITDA?
Crocs's enterprise value was 25.4 times EBITDA at the end of fiscal 2025 (enterprise value $6.1 billion, EBITDA $240.5 million); the current EV/EBITDA is 8.0.
What is Crocs's return on equity?
Crocs's return on equity (ROE) was −5.2% in fiscal 2025: net income of -$81.2 million on average shareholders' equity of $1.6 billion.
What is Crocs's ROIC?
Crocs's return on invested capital was 2.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Crocs have?
Crocs had total debt of $1.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.25 and $1.5 billion of net debt (6.17 times EBITDA).
Does Crocs buy back its shares?
Yes. Crocs spent $582.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −9.4% over the year, to 54.2M..
What is Crocs's free cash flow yield?
Crocs generated $659.2 million of free cash flow in fiscal 2025, a free cash flow yield of 14.2% on its market value at year-end ($4.6 billion).
What is Crocs's current ratio?
Crocs's current ratio was 1.27 at the end of fiscal 2025: current assets were 1.27 times current liabilities.