Birkenstock Holding vs Rocky Brands
Birkenstock Holding is the larger business, with $2.32bn of revenue in fiscal 2025 against $482m for Rocky Brands (4.8 times as much). Birkenstock Holding grew faster (18.6% against 6.2%). Birkenstock Holding kept more of each dollar of sales as profit: a net margin of 16.6% against 4.6%. Birkenstock Holding carries less debt relative to equity (42.1% against 49.3%).
| Latest fiscal year | Birkenstock HoldingBIRK, 2025 | Rocky BrandsRCKY, 2025 |
|---|---|---|
| Revenue | $2.32bn | $482m |
| Revenue growth | 18.6% | 6.2% |
| Net income | $385m | $22.3m |
| Operating margin | 26.2% | 7.7% |
| Net margin | 16.6% | 4.6% |
| Return on equity | 12.6% | 9.2% |
| Free cash flow | $340m | $9.7m |
| Cash | $386m | $2.9m |
| Total debt | $1.34bn | $124m |
| Debt to equity | 42.1% | 49.3% |
| Dividend per share | — | $0.62 |
| Dividend yield | — | 1.2% |
| Share buybacks | — | $201,000 |
| Employees | — | 2,200 |
| Market value | $6.59bn | $391m |
| Price vs our value range | — | Below our value range |
| Moat score | — | 47 (Moderate) |
| Insider trades, 12 months | 0 buys, 3 sales | 0 buys, 0 sales |