Birkenstock Holding vs Caleres
Caleres is the larger business, with $2.76bn of revenue in fiscal 2026 against $2.32bn for Birkenstock Holding (1.2 times as much). Birkenstock Holding grew faster (18.6% against 1.3%). Birkenstock Holding kept more of each dollar of sales as profit: a net margin of 16.6% against -0.2%.
| Latest fiscal year | Birkenstock HoldingBIRK, 2025 | CaleresCAL, 2026 |
|---|---|---|
| Revenue | $2.32bn | $2.76bn |
| Revenue growth | 18.6% | 1.3% |
| Net income | $385m | −$6.7m |
| Operating margin | 26.2% | — |
| Net margin | 16.6% | -0.2% |
| Return on equity | 12.6% | -1.1% |
| Free cash flow | $340m | $39.4m |
| Cash | $386m | $29.8m |
| Total debt | $1.34bn | — |
| Debt to equity | 42.1% | — |
| Dividend per share | — | $0.28 |
| Dividend yield | — | 2.1% |
| Share buybacks | — | $5.0m |
| Employees | — | 10,000 |
| Market value | $6.59bn | $448m |
| Price vs our value range | — | Within our value range |
| Moat score | — | 41 (Weak) |
| Insider trades, 12 months | 0 buys, 3 sales | 0 buys, 1 sales |