Crocs vs Wolverine World Wide
Crocs reported revenue of $4.0 billion in fiscal 2025, 2.2 times Wolverine World Wide's $1.9 billion in fiscal 2025. Crocs' revenue fell 1.5% in its latest year, and Wolverine World Wide's grew 6.8%. Crocs had an operating margin of 3.7%, against 8.0% at Wolverine World Wide. Free cash flow was $659 million at Crocs and $126 million at Wolverine World Wide. Their fiscal years end in different months (December 31 and January 3), so the periods don't line up exactly.
Side by side
| Crocs | Wolverine World Wide | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Jan 3, 2026 |
| Revenue | $4.0B | $1.9B |
| Revenue growth | −1.5% | 6.8% |
| Revenue growth a year, last 5 years | 23.9% | 0.9% |
| Gross margin | 58.3% | 47.3% |
| Operating margin | 3.7% | 8.0% |
| Net margin | −2.0% | 5.1% |
| Free cash flow | $659M | $126M |
| Free cash flow margin | 16.3% | 6.7% |
| Return on capital | 2.8% | 15.1% |
| Net debt to EBITDA | 4.8x | 2.4x |
| Dividends and buybacks | $582M | $48M |
| Change in diluted share count | −9.4% | 2.1% |
| Last close | $118.85 | $20.28 |
| P/E at the last close | 10.4× | 15.7× |
| Insider trades, last 12 months | bought $836,069, sold $10.2 million | bought $524,572, sold $1.3 million |
| Piotroski F-score | 5 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CrocsWolverine World Wide
Operating margin
Percent of revenue
CrocsWolverine World Wide
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CrocsWolverine World Wide
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Crocs and Wolverine World Wide pages.