CROX FY 2024 Earnings Report — Crocs, Inc. Revenue & Financial Results | Market Cap Arena

Crocs, Inc.CROX

FY 2024 Earnings

Reported February 13, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$4.1B	—	$4.0B	—	3.5%
Op. Income	$1.0B	—	$1.0B	—	-2.3%
Gross Margin	58.8%	—	55.0%	—	3.8pp
Net Margin	23.2%	—	20.0%	—	3.2pp
EPS (Diluted)	$15.88	—	$12.79	—	24.2%
Free Cash Flow	$923M	—	$815M	—	13.3%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$2.4B
R&D Expenses	$26M
Selling & Marketing	$378M
General & Administrative	$913M
SG&A Expenses	$1.3B
Other Expenses	$72M
Operating Expenses	$1.4B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.0B
Interest Income	$3M
Interest Expense	$109M
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$911M
Income Tax Expense	-$39M
Net Income from Continuing Ops	$950M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$950M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$950M
D&A	$70M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$16
EPS Diluted	$16

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$2.4B
R&D Expenses	$26M
Selling & Marketing	$378M
General & Administrative	$913M
SG&A Expenses	$1.3B
Other Expenses	$72M
Operating Expenses	$1.4B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.0B
Interest Income	$3M
Interest Expense	$109M
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$911M
Income Tax Expense	-$39M
Net Income from Continuing Ops	$950M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$950M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$950M
D&A	$70M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$16
EPS Diluted	$16

Cash Flow Statement

Item	Amount
Net Income	$950M
Depreciation & Amortization	$70M
Stock-Based Compensation	$33M
Deferred Income Tax	-$254M
Other Non-Cash Items	$126M
Change in Working Capital	$68M
OPERATING CASH FLOW	$992M
Capital Expenditure	-$69M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	-$323M
Common Stock Repurchased	-$561M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$886M
FREE CASH FLOW	$923M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$180M
Short-Term Investments	$0
Net Receivables	$284M
Inventory	$356M
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$872M
PP&E (Net)	$552M
Goodwill	$711M
Intangible Assets	$1.8B
Long-Term Investments	$3M
Tax Assets	$872M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$4.8B
Account Payables	$265M
Short-Term Debt	$69M
Deferred Revenue	$0
Other Current Liabilities	$217M
TOTAL CURRENT LIABILITIES	$740M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$599M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$3.0B
Common Stock	$110.0K
Additional Paid-In Capital	$860M
Retained Earnings	$3.6B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$133M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$1.7B
Net Debt	$1.5B