Birkenstock Holding vs Wolverine World Wide
Birkenstock Holding is the larger business, with $2.32bn of revenue in fiscal 2025 against $1.87bn for Wolverine World Wide (1.2 times as much). Birkenstock Holding grew faster (18.6% against 6.8%). Birkenstock Holding kept more of each dollar of sales as profit: a net margin of 16.6% against 5.1%.
| Latest fiscal year | Birkenstock HoldingBIRK, 2025 | Wolverine World WideWWW, 2025 |
|---|---|---|
| Revenue | $2.32bn | $1.87bn |
| Revenue growth | 18.6% | 6.8% |
| Net income | $385m | $95.8m |
| Operating margin | 26.2% | — |
| Net margin | 16.6% | 5.1% |
| Return on equity | 12.6% | 26.6% |
| Free cash flow | $340m | $126m |
| Cash | $386m | $206m |
| Total debt | $1.34bn | $697m |
| Debt to equity | 42.1% | — |
| Dividend per share | — | $0.40 |
| Dividend yield | — | 1.9% |
| Share buybacks | — | $14.5m |
| Employees | — | — |
| Market value | $6.59bn | $1.76bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | 50 (Moderate) |
| Insider trades, 12 months | 0 buys, 3 sales | 3 buys, 4 sales |