Crocs, Inc. (CROX) Stock Analysis — Fair Value, Risk & Moat Rating
NMS · Consumer Cyclical · Footwear & Accessories
Is Crocs, Inc. a safe investment right now?
As of Aug 13, 2026, our estimated fair value (intrinsic value) for Crocs, Inc. (CROX) stock is $90.88, versus a market price of $131.72 — Overvalued. Predicted EPS $9.18 x 9.9 Fair PE.
Crocs, Inc.'s Altman Z-Score of 3.63 places it in the safe zone. Our fair value estimate is $90.88 (Overvalued). Moat rating: 3.7/5 stars.
Could Crocs, Inc. go bankrupt? Altman Z-Score analysis
Z-Score of 3.63 is above 3.0, indicating the company is financially healthy by this metric.
- Below 1.8 — Distress Zone (high bankruptcy risk)
- 1.8 to 3.0 — Gray Zone (elevated uncertainty)
- Above 3.0 — Safe Zone (financially healthy)
What drives CROX's Z-Score?
| Component | Formula | Value | Weight | Contribution |
|---|---|---|---|---|
| A · Working Capital / Total Assets | WC / TA | 0.0445 | 1.2 | 0.05 |
| B · Retained Earnings / Total Assets | RE / TA | 0.8337 | 1.4 | 1.17 |
| C · EBIT / Total Assets | EBIT / TA | 0.0386 | 3.3 | 0.13 |
| D · Market Cap / Total Liabilities | MCap / TL | 2.1917 | 0.6 | 1.32 |
| E · Revenue / Total Assets | Rev / TA | 0.9679 | 1.0 | 0.97 |
How has CROX's financial health changed over time?
| Year | Z-Score | Zone |
|---|---|---|
| 2022 | 3.11 | Safe |
| 2023 | 3.62 | Safe |
| 2024 | 3.89 | Safe |
| 2025 | 3.63 | Safe |
Source: Calculated from CROX's latest 10-K filing on SEC EDGAR.
Crocs, Inc. Fair Value & Intrinsic Value — What Is It Actually Worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Predicted EPS (α) | $9.18 | Proprietary blend of reported actuals (2Q actual) + analyst consensus, weighted by α |
| Last Year EPS | $-1.50 | Annual report (SEC EDGAR) |
| Analyst Consensus EPS (This Year) | $13.95 | 12 analysts consensus |
| Trailing P/E | 11.7x | Current market pricing |
| Fair P/E (β discount) | 9.9x | Trailing PE adjusted by value discount factor β, hard-capped |
| Earnings Trend (γ) | Declining | Directional signal: predicted vs trailing EPS |
Wall Street Reference: Analyst consensus target price is $138.25 (12 analysts). This is shown for reference only and is not used in our valuation model.
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Does Crocs, Inc. have a durable competitive advantage?
Moat rating: 3.7/5.
What makes up CROX's moat score?
ROIC Stability
ROIC variability over the past decade. Score: 4/5.
Gross Margin Trend
Gross margin trajectory over the past decade. Score: 4/5.
Switching Costs
Estimated customer lock-in based on margin level. Score: 3/5.
How stable is CROX's return on invested capital?
| Year | ROIC | Trend |
|---|---|---|
| 2022 | 27.2% | — |
| 2023 | 33.3% | Rising |
| 2024 | 32.0% | Declining |
| 2025 | 6.4% | Declining |
Source: ROIC calculated from SEC EDGAR filings.
Is Crocs, Inc.'s dividend safe?
Crocs, Inc.'s key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $4.0B | $4.1B | $3.6B | Rising |
| Net Income | −$0.1B | $1.0B | $0.5B | Declining |
| Free Cash Flow | $0.7B | $0.9B | $0.5B | Rising |
| Gross Margin | 58.3% | 58.8% | 52.3% | Rising |
Recent events that affect our CROX analysis
CROX earnings report scheduled
Upcoming report. Consensus EPS estimate: $3.30. Revenue estimate: $1.00B. Our current Fair Value: $90.88 — a significant beat or miss could shift this estimate.
CROX analyst consensus: 47% bullish (7 of 15 analysts)
2 Strong Buy, 5 Buy, 7 Hold, 1 Sell, 0 Strong Sell. Consensus target: $138.25 (5.0% upside). Compare with our independent Fair Value: $90.88.
CROX beat EPS estimates by 4.7%
Reported EPS: $4.55 vs estimate $4.35. Earnings strength supports our Fair Value of $90.88 (31.0% below current price).
CROX filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX beat EPS estimates by 7.2%
Reported EPS: $2.99 vs estimate $2.79. Earnings strength supports our Fair Value of $90.88 (31.0% below current price).
CROX filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX beat EPS estimates by 19.7%
Reported EPS: $2.29 vs estimate $1.91. Earnings strength supports our Fair Value of $90.88 (31.0% below current price).
CROX filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX beat EPS estimates by 23.7%
Reported EPS: $2.92 vs estimate $2.36. Earnings strength supports our Fair Value of $90.88 (31.0% below current price).
CROX filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX beat EPS estimates by 5.3%
Reported EPS: $4.23 vs estimate $4.02. Earnings strength supports our Fair Value of $90.88 (31.0% below current price).
CROX filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX beat EPS estimates by 20.6%
Reported EPS: $3.00 vs estimate $2.49. Earnings strength supports our Fair Value of $90.88 (31.0% below current price).
CROX filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
CROX beat EPS estimates by 11.3%
Reported EPS: $2.52 vs estimate $2.26. Earnings strength supports our Fair Value of $90.88 (31.0% below current price).
CROX filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
CROX filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about Crocs, Inc.
What is Crocs, Inc. stock price today?
Crocs, Inc. (CROX) stock price is $131.72 as of the latest market close, traded on the NASDAQ exchange.
What does Crocs, Inc. do?
Crocs, Inc. together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and kids under the Crocs and HEYDUDE Brands in the United States and internationally. It offers various footwear products, including clogs, sandals, loafers, classics, fuzz, platforms, boots, sandals, slides, slippers, sneakers, flip flops, and flats, as well as totes, backpacks, belt bags, socks, bag charms, cases, attachments, cartoon characters products, and touchland and other accessories.
What is Crocs, Inc. market cap?
Crocs, Inc. has a market capitalization of $6.32B, classifying it as a mid-cap stock in the Consumer Cyclical sector.
What sector and industry is CROX in?
Crocs, Inc. operates in the Consumer Cyclical sector, specifically within the Footwear & Accessories industry. It trades on the NASDAQ under the ticker symbol CROX.
Is CROX stock overvalued or undervalued?
Based on our valuation model, Crocs, Inc. trades 44.9% above our fair value estimate — potentially overvalued.
- FairValueLabs Fair Value: $90.88
- Current Price: $131.72
- Valuation Zone: Overvalued
What is CROX stock forecast and analyst target price?
Based on 12 Wall Street analysts, the consensus price target for Crocs, Inc. is $138.25, implying upside of 5.0% from the current price.
- Analyst High Target: $163.00
- Analyst Low Target: $95.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is Crocs, Inc. revenue and earnings growing?
Here are the analyst consensus growth estimates for Crocs, Inc.:
- Revenue growth (current year est.): 1.5%
- EPS growth (current year est.): 11.5%
- Revenue growth (next year est.): 2.5%
- EPS growth (next year est.): 7.2%
What are Crocs, Inc.'s key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $4.0B | Rising |
| Net Income | −$0.1B | Declining |
| Free Cash Flow | $0.7B | Rising |
| Gross Margin | 58.3% | Rising |
What is CROX's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 11.7x
- Forward P/E (next 12 months est.): 8.8x
- FairValueLabs Fair P/E: 9.9x
How volatile is CROX stock?
Crocs, Inc. has a beta of 1.53, meaning it is significantly more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does Crocs, Inc. have?
Crocs, Inc.'s balance sheet shows:
- Total Cash: $170.3M
- Total Debt: $1.69B
- Net Cash Position: $-1.52B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is Crocs, Inc.'s free cash flow?
Crocs, Inc. generated $533.9M in trailing twelve-month free cash flow (from $762.6M in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does Crocs, Inc. pay a dividend?
Crocs, Inc. does not currently pay a regular dividend to shareholders. The company may be reinvesting all profits back into growth, or it may have suspended its dividend.
Is Crocs, Inc. at risk of going bankrupt?
Crocs, Inc.'s Altman Z-Score is 3.63, placing it in the safe zone (above 3.0) — bankruptcy risk is low. The Z-Score uses five balance sheet ratios to predict bankruptcy probability within two years.
Does Crocs, Inc. have a durable competitive advantage?
Crocs, Inc. scores 3.7/5 stars (Solid moat · eroding) in our moat analysis:
- ROIC Stability: 4/5
- Gross Margin Trend: 4/5
- Switching Costs: 3/5
A score above 3.5 suggests meaningful pricing power and a defensible market position.
What is CROX's return on equity (ROE)?
Crocs, Inc.'s return on equity is 42.3%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy CROX stock?
CROX shares can be purchased through any brokerage account that provides access to the NASDAQ. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol CROX
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is CROX a value stock or speculative?
FairValueLabs classifies Crocs, Inc. as Value Investment. It exhibits consistent profitability, reasonable valuation, and financial stability — characteristics of a traditional value investment.
Who is the CEO of Crocs, Inc.?
The current CEO of Crocs, Inc. is Mr. Andrew Rees.
What is CROX's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $11.27
- Forward EPS (next 12 months est.): $14.95
- Analyst consensus EPS (this year): $13.95
- Analyst consensus EPS (next year): $14.95
Other Consumer Cyclical companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Aug 13, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
CROX analysis methodology: How we calculate fair value, Z-Scores, and moat ratings