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Nasdaq · Materials

Crocs, Inc. (CROX)

As-reported financials and SEC filings for Crocs, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Crocs, Inc.

Crocs, Inc. designs, develops, markets, distributes, and sells casual lifestyle footwear and accessories worldwide. The company operates two main brands: Crocs, known for its iconic molded clogs, sandals, and personalization accessories, and HEYDUDE, which offers versatile loafers, sneakers, boots, apparel, and accessories. Crocs serves a broad consumer base by focusing on comfort, style, and casual footwear for all ages and occasions.

Snapshot

Revenue
$4.04B
Revenue growth (YoY)
-1.5%
Net income
$-81.2M
Diluted EPS
$-1.50
Gross margin
58.3%
Operating margin
3.7%
Net margin
-2.0%
FCF margin
16.3%
ROE
-6.3%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$5.53B
Long-term debt / equity
0.95×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Crocs

  • Revenue fell 1.5% to $4.0B in FY2025, slower than the 3.5% the year before.
  • Operating margin is 3.7% in FY2025, -25.8 pp against 29.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.2B, up 2.6% from Q2 FY2025.
  • Free cash flow was $659M in FY2025, 16.3% of revenue.
  • Net income turned to a $81M loss in FY2025, from a $950M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Crocs’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin58.3%
93rd percentile of 191
Operating margin3.7%
47th percentile of 189
Net margin-2.0%
35th percentile of 221
FCF margin16.3%
91st percentile of 205
Revenue growth (YoY)-1.5%
35th percentile of 236
ROE-6.3%
33rd percentile of 216
Long-term debt / equity0.95×
70th percentile of 165
Short interest4.82d
68th percentile of 238

Crocs’s gross margin of 58.3% ranks in the 93rd percentile of the 191 Materials companies reporting it. Crocs’s FCF margin of 16.3% ranks in the 91st percentile of the 205 Materials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $8.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+7 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$620.6M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$132.6M1.1MAdded
Point72 Asset ManagementquantQ2 2026$107.7M892.5KAdded
Himalaya Capital ManagementQ2 2026$107.0M887.1KHeld
D. E. ShawquantQ2 2026$104.9M869.5KAdded
Greenlight CapitalQ2 2026$80.7M669.1KHeld
AQR Capital ManagementquantQ2 2026$27.8M230.6KReduced
Gotham Asset ManagementQ2 2026$23.0M190.4KAdded
Bridgewater AssociatesQ2 2026$19.5M161.6KReduced
Millennium ManagementquantQ2 2026$8.9M73.9KReduced
Two Sigma InvestmentsquantQ2 2026$7.1M58.9KAdded
Renaissance TechnologiesquantQ2 2026$1.4M11.7KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
9
$8.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-10
filed 2026-08-11
Rees AndrewChief Executive OfficerSell9.6K$138.38$1.3M
2026-08-10
filed 2026-08-11
Rees AndrewChief Executive OfficerSell8.7K$139.39$1.2M
2026-08-10
filed 2026-08-11
Rees AndrewChief Executive OfficerSell800$140.02$112K
2026-08-07
filed 2026-08-11
Rees AndrewChief Executive OfficerSell5.8K$137.41$796K
2026-08-07
filed 2026-08-11
Rees AndrewChief Executive OfficerSell4.2K$137.96$580K
2026-08-07
filed 2026-08-11
Rees AndrewChief Executive OfficerSell928$139.04$129K
2026-06-05
filed 2026-06-09
Rees AndrewChief Executive OfficerSell15.8K$117.94$1.9M
2026-06-05
filed 2026-06-09
Rees AndrewChief Executive OfficerSell10.0K$119.11$1.2M
2026-06-05
filed 2026-06-09
Rees AndrewChief Executive OfficerSell6.9K$116.97$807K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.4M
settled 2026-08-14
Change vs prior
-1.4%
vs previous settlement
Days to cover
4.82
at avg daily volume
Avg daily volume
902.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.4M-1.4%4.82
2026-07-314.4M-10.7%4.08
2026-07-154.9M+3.7%4.78
2026-06-304.8M-12.7%3.97
2026-06-155.5M+0.1%4.44
2026-05-295.5M+8.1%3.97
2026-05-155.1M+27.2%4.77
2026-04-304.0M-17.3%3.31

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.04B$4.10B$3.96B$3.55B$2.31B
Gross profit$2.36B$2.41B$2.21B$1.86B$1.42B
Operating income$149.5M$1.02B$1.04B$850.8M$683.1M
Net income$-81.2M$950.1M$792.6M$540.2M$725.7M
Diluted EPS$-1.50$15.88$12.79$8.71$11.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$710.4M$992.5M$930.4M$603.1M$567.2M
Capital expenditure$51.2M$69.3M$115.6M$104.2M$55.9M
Free cash flow$659.2M$923.1M$814.8M$499.0M$511.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.18B2.6%$204.9M$4.13
Q1 FY2026$921.5M-1.7%$137.6M$2.71
Q4 FY2025$957.6M-3.2%$105.2M$2.05
Q3 FY2025$996.3M-6.2%$145.8M$2.70
Q2 FY2025$1.15B3.4%$-492.3M$-8.82
Q1 FY2025$937.3M-0.1%$160.1M$2.83
Q4 FY2024$989.8M3.1%$368.9M$6.36
Q3 FY2024$1.06B1.6%$199.8M$3.36

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorMaterials
SIC industryRubber & Plastics Footwear
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK1334036

Selected SEC filings

10-K2026-02-12
View on EDGAR →
10-K2025-02-13
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-10
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.