Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
BIRK · NYSE · United States · Footwear, (No Rubber)
In shortBirkenstock Holding plc is profitable, generates cash and carries moderate debt, with revenue growing (+16.2% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 26.2% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 16.6% | 86/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 13.0% | 65/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.5% | 70/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.81× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.42× | 88/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.23× | 79/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.91× | 51/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.63 | 65/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 14.7% | 79/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.88× | 73/100 |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 4 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 2.5% | 100/100 |
| Operating margin volatility | 5.0% | 64/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 19.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | 22.4% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 1,243 | 1,492 | 1,805 | 2,097 |
| Cost of revenue | 493 | 566 | 744 | 858 |
| Gross profit | 750 | 926 | 1,061 | 1,240 |
| Operating income | 363 | 261 | 421 | 550 |
| Interest expense | 113 | 107 | 127 | 80 |
| Pre-tax income | 251 | 154 | 294 | 470 |
| Income tax | 63 | 79 | 102 | 122 |
| Net income | 187 | 75 | 192 | 348 |
| Diluted EPS | €1.02 | €0.41 | €1.02 | €1.87 |
| Diluted shares (millions) | 183 | 183 | 188 | 187 |
The last 8 reported quarters (10-Q and 10-K filings), in EUR millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Birkenstock Holding plc are included in the Investor plan. Try free for 7 days →
3.63 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
9/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2025 · Data updated Feb 12, 2026