Crocs vs Deckers Brands
Deckers Brands is the larger business, with $5.47bn of revenue in fiscal 2026 against $4.04bn for Crocs (1.4 times as much). Deckers Brands grew faster (9.8% against -1.5%). Deckers Brands kept more of each dollar of sales as profit: a net margin of 18.7% against -2.0%. Deckers Brands carries less debt relative to equity (0.0% against 97.6%).
| Latest fiscal year | CrocsCROX, 2025 | Deckers BrandsDECK, 2026 |
|---|---|---|
| Revenue | $4.04bn | $5.47bn |
| Revenue growth | -1.5% | 9.8% |
| Net income | −$81.2m | $1.02bn |
| Operating margin | 3.7% | 23.1% |
| Net margin | -2.0% | 18.7% |
| Return on equity | -5.2% | 40.9% |
| Free cash flow | $659m | $1.10bn |
| Cash | $130m | $1.91bn |
| Total debt | $1.26bn | $0 |
| Debt to equity | 97.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $582m | $1.08bn |
| Employees | 8,010 | 6,000 |
| Market value | $7.07bn | $11.36bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 75 (Strong) | 76 (Strong) |
| Insider trades, 12 months | 5 buys, 12 sales | 0 buys, 3 sales |