Caleres vs Crocs
Crocs is the larger business, with $4.04bn of revenue in fiscal 2025 against $2.76bn for Caleres (1.5 times as much). Caleres grew faster (1.3% against -1.5%). Caleres kept more of each dollar of sales as profit: a net margin of -0.2% against -2.0%.
| Latest fiscal year | CaleresCAL, 2026 | CrocsCROX, 2025 |
|---|---|---|
| Revenue | $2.76bn | $4.04bn |
| Revenue growth | 1.3% | -1.5% |
| Net income | −$6.7m | −$81.2m |
| Operating margin | — | 3.7% |
| Net margin | -0.2% | -2.0% |
| Return on equity | -1.1% | -5.2% |
| Free cash flow | $39.4m | $659m |
| Cash | $29.8m | $130m |
| Total debt | — | $1.26bn |
| Debt to equity | — | 97.6% |
| Dividend per share | $0.28 | — |
| Dividend yield | 2.1% | — |
| Share buybacks | $5.0m | $582m |
| Employees | 10,000 | 8,010 |
| Market value | $448m | $7.02bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 41 (Weak) | 75 (Strong) |
| Insider trades, 12 months | 0 buys, 1 sales | 5 buys, 12 sales |