Loading financials from SEC filings…
Footwear & accessories · Consumer Cyclical · Fiscal year ends Sep 30 · Reports in EUR
Birkenstock reported revenue of EUR 2.1B in the fiscal year ended Sep 2025, up 16.2% from the year before. Operating income was EUR 550M, an operating margin of 26.2%, and net income was EUR 348M. Operating cash flow of EUR 384M less capital expenditure of EUR 77M left free cash flow of EUR 308M. Net debt was EUR 816M.
Ranks among the 7 footwear & accessories companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|
| 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 | 79.6 |
| Pre-tax income | 251 | 154 | 294 | 470 |
| Income tax | 63.4 | 78.6 | 102 | 122 |
| Net income | 187 | 75.0 | 192 | 348 |
| Diluted EPS | 1.02 | 0.41 | 1.02 | 1.87 |
| Diluted shares | 183 | 183 | 188 | 187 |
| Fiscal year | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|
| Cash & equivalents | 307 | 344 | 356 | 329 |
| Receivables | 66.1 | 91.8 | 114 | 160 |
| Inventory | 536 | 595 | 625 | 704 |
| Current assets | 960 | 1,081 | 1,163 | 1,275 |
| Net PP&E | 205 | 286 | 319 | 357 |
| Goodwill | 1,674 | 1,594 | 1,555 | 1,512 |
| Total assets | 4,789 | 4,827 | 4,885 | 4,942 |
| Payables | 113 | 123 | 136 | 136 |
| Deferred revenue | 1.9 | 7.0 | 8.0 | 6.2 |
| Current liabilities | 324 | 379 | 448 | 454 |
| Short-term debt | 46.6 | 37.3 | 24.7 | 17.1 |
| Long-term debt | 1,920 | 1,816 | 1,170 | 1,128 |
| Total liabilities | 2,431 | 2,427 | 2,260 | 2,219 |
| Shareholders' equity | 2,358 | 2,401 | 2,625 | 2,723 |
| Fiscal year | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|
| Operating cash flow | 234 | 359 | 429 | 384 |
| Capital expenditure | 70.8 | 102 | 65.4 | 76.7 |
| Free cash flow | 163 | 257 | 363 | 308 |
| Depreciation & amortisation | 81.3 | 83.4 | 101 | 114 |
| Stock-based compensation | – | 65.4 | −3.6 | – |
| Acquisitions | 1.0 | – | – | – |
| Fiscal year | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|
| Revenue growth (YoY) | – | 20.0% | 21.0% | 16.2% |
| Operating income growth (YoY) | – | −28.2% | 61.5% | 30.5% |
| EPS growth (YoY) | – | −59.8% | 148.8% | 83.3% |
| 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% |
| Return on equityBlank when equity is negative | 7.9% | 3.1% | 7.3% | 12.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 8.1% | 5.9% | 9.5% | 12.2% |
| Free cash flow margin | 13.1% | 17.2% | 20.1% | 14.7% |
| Cash conversion (CFO ÷ net income) | 1.25x | 4.78x | 2.24x | 1.10x |
| Receivable days | 19 | 22 | 23 | 28 |
| Inventory days | 397 | 384 | 307 | 300 |
| Payable days | 84 | 79 | 67 | 58 |
| Interest cover | 3.23x | 2.44x | 3.31x | 6.91x |
| Debt ÷ equity | 0.83x | 0.77x | 0.46x | 0.42x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 1,659 | 1,509 | 839 | 816 |
| Current ratio | 2.96x | 2.85x | 2.60x | 2.81x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.