Birkenstock Holding plc key statistics and ratios

In fiscal 2025, Birkenstock Holding plc had return on equity of 12.6%, an operating margin of 26.2%, debt equal to 42.1% of equity and a current ratio of 2.81. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Birkenstock Holding plc: financial ratios, annual
Fiscal year	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Gross margin	60.3%	62.1%	58.8%	59.1%
Operating margin	29.2%	17.5%	23.3%	26.2%
Net margin	15.1%	5.0%	10.6%	16.6%
Free-cash-flow margin	13.1%	17.2%	20.1%	14.7%
Return on equity	8.8%	3.3%	7.6%	12.6%
Return on assets	4.3%	1.6%	3.9%	6.9%
Asset turnover	0.29	0.33	0.37	0.41
Current ratio	2.96	2.85	2.60	2.81
Debt to equity	83.4%	77.2%	45.5%	42.1%
Interest cover (operating income ÷ interest)	150.2x	45.6x	44.8x	—
Effective tax rate	25.3%	51.2%	34.8%	25.9%
Capital spending as % of revenue	5.7%	6.8%	3.6%	3.7%
Free cash flow ÷ net income	87.3%	342.0%	189.6%	88.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 5 checks passed · September 30, 2025

What it owns · $5.8bn

Short-term assets $1.5bnLonger-term assets $4.3bn

What it owes, and who funded it · $5.8bn

Short-term liabilities $532mLonger-term liabilities $2.1bnShareholders' equity $3.2bn

Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $532m of liabilities due within a year.
Short-term assets cover long-term liabilities $1.5bn short-term assets against $2.1bn of longer-dated liabilities.
More cash than debt $386m of cash against $1.3bn of debt.
Debt below 40% of shareholders' equity Debt is 42% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $425m of operating cash flow against $1.3bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Birkenstock Holding plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Birkenstock Holding plc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Birkenstock Holding plc.