Skip to content
Industry
This is research, not advice. We’re not SEBI-registered.

Birkenstock Holding share price today

Birkenstock Holding plc · BIRK · Consumer Discretionary · Footwear & Accessories · price as of the 6 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Birkenstock Holding share price: $37.32 at the close on 6 November 2026, −3.8% in a year.

MixedBusiness trend from the last 12 quarters
$37.32Price −3.8% in a year
17.8×P/E over 3.1 years
$720 MRevenue (Jun 2026) +13.3% on a year ago
$110 MProfit (Jun 2026) −15.2% on a year ago
29.0%Operating margin −0.7 points on a year ago
13%ROE FY25
10.4%ROIC against a 9.3% cost of capital: +1.1 points

Birkenstock Holding plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

The main question: yearly earnings per share moved +83.1% while the share price moved −3.8%.

The price has been falling for 16 weeks. Over the last four quarters, results have been deteriorating, with profit −15.2% on a year earlier, and 191% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.

What is the Birkenstock Holding share price today?

Birkenstock Holding plc's share price was $37.32 at the close on 6 November 2026. It has been falling for 16 weeks. That is 2.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $31 and $49, and at that close it sat 37% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Birkenstock Holding plc is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row.

1Y

Nov 2026: $37.32, 2.1% below its 200-day average. The price has been falling for 16 weeks.

  • Price $37.32
  • 50-day avg $33.19
  • 200-day avg $38.11
Nov 2026: $37.32, 2.1% below its 200-day average. The price has been falling for 16 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025$39.91$45.76$49.76
7 Nov 2025$38.80$44.43$49.27
14 Nov 2025$40.14$43.37$48.76
21 Nov 2025$41.04$42.66$48.34
28 Nov 2025$43.33$42.39$48.07
5 Dec 2025$44.10$42.12$47.78
12 Dec 2025$45.51$42.00$47.62
19 Dec 2025$42.57$42.00$47.53
26 Dec 2025$42.36$42.02$47.49
2 Jan 2026$41.77$41.96$47.44
9 Jan 2026$43.46$42.00$47.35
16 Jan 2026$38.47$42.16$47.23
23 Jan 2026$39.55$42.16$47.11
30 Jan 2026$37.76$41.96$46.90
6 Feb 2026$38.45$41.69$46.66
13 Feb 2026$39.80$41.34$46.39
20 Feb 2026$40.89$41.16$46.18
27 Feb 2026$41.65$40.66$45.87
6 Mar 2026$38.10$40.30$45.49
13 Mar 2026$37.43$39.83$45.05
20 Mar 2026$33.34$39.25$44.59
27 Mar 2026$34.19$38.49$44.09
2 Apr 2026$34.62$38.18$43.74
10 Apr 2026$38.03$37.95$43.36
17 Apr 2026$39.54$38.00$43.08
24 Apr 2026$39.40$38.20$42.89
1 May 2026$38.71$38.02$42.67
8 May 2026$39.34$37.89$42.38
15 May 2026$31.19$37.26$41.96
22 May 2026$41.38$37.10$41.61
29 May 2026$45.07$37.62$41.52
5 Jun 2026$42.34$38.41$41.36
12 Jun 2026$48.75$39.46$41.20
18 Jun 2026$46.11$40.44$41.12
26 Jun 2026$44.42$41.01$40.98
2 Jul 2026$45.99$41.33$40.93
10 Jul 2026$45.48$41.87$40.91
17 Jul 2026$44.36$42.50$40.88
24 Jul 2026$40.63$42.78$40.78
31 Jul 2026$38.72$43.60$40.72
7 Aug 2026$38.45$43.39$40.61
14 Aug 2026$39.35$42.88$40.52
21 Aug 2026$35.64$42.14$40.42
28 Aug 2026$35.65$40.92$40.33
4 Sep 2026$34.00$39.91$40.18
11 Sep 2026$31.13$38.94$40.00
18 Sep 2026$30.56$37.45$39.70
25 Sep 2026$33.60$36.21$39.42
2 Oct 2026$33.33$35.25$39.12
9 Oct 2026$33.65$34.48$38.85
16 Oct 2026$33.85$34.11$38.66
23 Oct 2026$32.57$33.52$38.43
30 Oct 2026$33.43$33.09$38.17
6 Nov 2026$37.32$33.19$38.11
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: $37.32, 2.1% below its 200-day average. The price has been falling for 16 weeks.

  • Price $37.32
  • 50-day avg $33.19
  • 200-day avg $38.11
Nov 2026: $37.32, 2.1% below its 200-day average. The price has been falling for 16 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023$41.16––
10 Nov 2023$40.65––
17 Nov 2023$41.79––
24 Nov 2023$42.14––
1 Dec 2023$48.45––
8 Dec 2023$47.91––
15 Dec 2023$48.68––
22 Dec 2023$46.31$42.99–
29 Dec 2023$48.73$43.90–
5 Jan 2024$45.70$44.53–
12 Jan 2024$47.88$45.41–
19 Jan 2024$46.32$46.02–
26 Jan 2024$46.53$46.54–
2 Feb 2024$46.09$47.11–
9 Feb 2024$47.86$47.49–
16 Feb 2024$49.25$47.68–
23 Feb 2024$52.00$47.96–
1 Mar 2024$47.83$48.10–
8 Mar 2024$47.18$48.17–
15 Mar 2024$47.09$48.02–
22 Mar 2024$46.75$47.99–
28 Mar 2024$47.25$47.81–
5 Apr 2024$44.04$47.63–
12 Apr 2024$43.03$47.32–
19 Apr 2024$42.67$46.94–
26 Apr 2024$45.45$46.53–
3 May 2024$44.80$45.97–
10 May 2024$45.49$45.38–
17 May 2024$47.20$45.24–
24 May 2024$48.11$45.27–
31 May 2024$57.00$45.80–
7 Jun 2024$57.88$47.00–
14 Jun 2024$59.67$48.44–
21 Jun 2024$61.47$49.75–
28 Jun 2024$54.41$51.09–
5 Jul 2024$56.62$52.10–
12 Jul 2024$55.65$53.18–
19 Jul 2024$54.30$54.15–
26 Jul 2024$57.21$55.08–
2 Aug 2024$55.95$56.18$48.26
9 Aug 2024$58.47$57.01$48.70
16 Aug 2024$62.89$57.30$49.26
23 Aug 2024$63.57$57.69$49.82
30 Aug 2024$49.90$57.39$50.22
6 Sep 2024$45.41$56.54$50.35
13 Sep 2024$46.24$55.54$50.43
20 Sep 2024$47.83$54.76$50.46
27 Sep 2024$49.25$54.25$50.50
4 Oct 2024$48.81$53.55$50.48
11 Oct 2024$50.02$52.58$50.50
18 Oct 2024$51.78$52.10$50.57
25 Oct 2024$49.40$51.13$50.65
1 Nov 2024$45.84$49.60$50.62
8 Nov 2024$46.62$48.25$50.63
15 Nov 2024$45.58$47.99$50.59
22 Nov 2024$47.60$48.15$50.61
29 Nov 2024$51.66$48.36$50.64
6 Dec 2024$53.55$48.68$50.69
13 Dec 2024$55.06$49.28$50.77
20 Dec 2024$60.40$50.17$50.99
27 Dec 2024$59.12$50.90$51.24
3 Jan 2025$56.29$51.38$51.45
10 Jan 2025$56.60$52.01$51.68
17 Jan 2025$59.93$53.15$51.96
24 Jan 2025$59.84$54.14$52.27
31 Jan 2025$59.14$55.62$52.69
7 Feb 2025$55.58$56.56$53.03
14 Feb 2025$55.25$57.07$53.31
21 Feb 2025$51.80$57.17$53.49
28 Feb 2025$49.48$56.77$53.62
7 Mar 2025$45.65$55.74$53.62
14 Mar 2025$43.64$54.25$53.55
21 Mar 2025$45.27$53.03$53.31
28 Mar 2025$45.74$52.00$53.02
4 Apr 2025$43.87$50.68$52.67
11 Apr 2025$48.01$49.22$52.32
17 Apr 2025$47.55$48.48$52.18
25 Apr 2025$50.68$47.77$52.00
2 May 2025$51.46$47.36$51.90
9 May 2025$52.59$47.50$51.84
16 May 2025$56.69$48.24$51.79
23 May 2025$53.22$49.27$51.75
30 May 2025$53.78$50.03$51.68
6 Jun 2025$54.76$50.91$51.53
13 Jun 2025$51.51$51.68$51.32
20 Jun 2025$52.11$52.38$51.25
27 Jun 2025$49.44$52.61$51.32
3 Jul 2025$48.82$52.74$51.40
11 Jul 2025$47.51$52.52$51.40
18 Jul 2025$49.70$52.19$51.37
25 Jul 2025$52.71$52.00$51.43
1 Aug 2025$49.14$51.46$51.49
8 Aug 2025$48.20$50.94$51.44
15 Aug 2025$49.80$50.39$51.41
22 Aug 2025$53.40$49.97$51.51
29 Aug 2025$52.13$49.95$51.66
5 Sep 2025$50.19$49.88$51.75
12 Sep 2025$46.26$49.70$51.78
19 Sep 2025$47.66$49.47$51.68
26 Sep 2025$44.91$49.25$51.51
3 Oct 2025$46.01$48.78$51.29
10 Oct 2025$42.26$48.02$50.95
17 Oct 2025$41.94$47.32$50.53
24 Oct 2025$41.98$46.69$50.16
31 Oct 2025$39.91$45.76$49.76
7 Nov 2025$38.80$44.43$49.27
14 Nov 2025$40.14$43.37$48.76
21 Nov 2025$41.04$42.66$48.34
28 Nov 2025$43.33$42.39$48.07
5 Dec 2025$44.10$42.12$47.78
12 Dec 2025$45.51$42.00$47.62
19 Dec 2025$42.57$42.00$47.53
26 Dec 2025$42.36$42.02$47.49
2 Jan 2026$41.77$41.96$47.44
9 Jan 2026$43.46$42.00$47.35
16 Jan 2026$38.47$42.16$47.23
23 Jan 2026$39.55$42.16$47.11
30 Jan 2026$37.76$41.96$46.90
6 Feb 2026$38.45$41.69$46.66
13 Feb 2026$39.80$41.34$46.39
20 Feb 2026$40.89$41.16$46.18
27 Feb 2026$41.65$40.66$45.87
6 Mar 2026$38.10$40.30$45.49
13 Mar 2026$37.43$39.83$45.05
20 Mar 2026$33.34$39.25$44.59
27 Mar 2026$34.19$38.49$44.09
2 Apr 2026$34.62$38.18$43.74
10 Apr 2026$38.03$37.95$43.36
17 Apr 2026$39.54$38.00$43.08
24 Apr 2026$39.40$38.20$42.89
1 May 2026$38.71$38.02$42.67
8 May 2026$39.34$37.89$42.38
15 May 2026$31.19$37.26$41.96
22 May 2026$41.38$37.10$41.61
29 May 2026$45.07$37.62$41.52
5 Jun 2026$42.34$38.41$41.36
12 Jun 2026$48.75$39.46$41.20
18 Jun 2026$46.11$40.44$41.12
26 Jun 2026$44.42$41.01$40.98
2 Jul 2026$45.99$41.33$40.93
10 Jul 2026$45.48$41.87$40.91
17 Jul 2026$44.36$42.50$40.88
24 Jul 2026$40.63$42.78$40.78
31 Jul 2026$38.72$43.60$40.72
7 Aug 2026$38.45$43.39$40.61
14 Aug 2026$39.35$42.88$40.52
21 Aug 2026$35.64$42.14$40.42
28 Aug 2026$35.65$40.92$40.33
4 Sep 2026$34.00$39.91$40.18
11 Sep 2026$31.13$38.94$40.00
18 Sep 2026$30.56$37.45$39.70
25 Sep 2026$33.60$36.21$39.42
2 Oct 2026$33.33$35.25$39.12
9 Oct 2026$33.65$34.48$38.85
16 Oct 2026$33.85$34.11$38.66
23 Oct 2026$32.57$33.52$38.43
30 Oct 2026$33.43$33.09$38.17
6 Nov 2026$37.32$33.19$38.11
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Falling from Oct 2025 to May 2026; Sideways from May 2026 to Jul 2026; Falling from Jul 2026 to Nov 2026.

Price stage: Sideways from Feb 2025 to May 2025; Rising from May 2025 to Jun 2025; Sideways from Jun 2025 to Aug 2025; Falling from Sep 2025 to May 2026; Sideways from May 2026 to Jul 2026; Falling from Jul 2026 to Nov 2026.

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?

Ahead in 48 of 148 weeks

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
13 Oct 2023no S&P 500 reading
20 Oct 2023no S&P 500 reading
27 Oct 2023no S&P 500 reading
3 Nov 2023no S&P 500 reading
10 Nov 2023no S&P 500 reading
17 Nov 2023no S&P 500 reading
24 Nov 2023no S&P 500 reading
1 Dec 2023no S&P 500 reading
8 Dec 2023no S&P 500 reading
15 Dec 2023no S&P 500 reading
22 Dec 2023no S&P 500 reading
29 Dec 2023no S&P 500 reading
5 Jan 2024no S&P 500 reading
12 Jan 2024+21.1%
19 Jan 2024+5.2%
26 Jan 2024+3.5%
2 Feb 2024−1.7%
9 Feb 2024+4.0%
16 Feb 2024+7.0%
23 Feb 2024+11.9%
1 Mar 2024−13.0%
8 Mar 2024−12.7%
15 Mar 2024−11.9%
22 Mar 2024−9.1%
28 Mar 2024−13.1%
5 Apr 2024−14.4%
12 Apr 2024−17.3%
19 Apr 2024−10.5%
26 Apr 2024−6.6%
3 May 2024−6.2%
10 May 2024−8.9%
17 May 2024−10.2%
24 May 2024−11.7%
31 May 2024+16.3%
7 Jun 2024+18.3%
14 Jun 2024+20.3%
21 Jun 2024+27.0%
28 Jun 2024+11.1%
5 Jul 2024+21.6%
12 Jul 2024+19.7%
19 Jul 2024+16.4%
26 Jul 2024+18.8%
2 Aug 2024+20.7%
9 Aug 2024+26.2%
16 Aug 2024+28.5%
23 Aug 2024+26.0%
30 Aug 2024−19.3%
6 Sep 2024−22.7%
13 Sep 2024−26.0%
20 Sep 2024−26.5%
27 Sep 2024−14.5%
4 Oct 2024−17.1%
11 Oct 2024−13.6%
18 Oct 2024−11.1%
25 Oct 2024−20.0%
1 Nov 2024−25.2%
8 Nov 2024−32.5%
15 Nov 2024−33.2%
22 Nov 2024−31.1%
29 Nov 2024−3.4%
6 Dec 2024+5.4%
13 Dec 2024+11.6%
20 Dec 2024+22.3%
27 Dec 2024+15.9%
3 Jan 2025+12.0%
10 Jan 2025+13.0%
17 Jan 2025+13.5%
24 Jan 2025+16.1%
31 Jan 2025+23.6%
7 Feb 2025+18.8%
14 Feb 2025+17.1%
21 Feb 2025+8.1%
28 Feb 2025−2.8%
7 Mar 2025−9.5%
14 Mar 2025−13.9%
21 Mar 2025−20.5%
28 Mar 2025−16.0%
4 Apr 2025−7.4%
11 Apr 2025−7.2%
17 Apr 2025−8.7%
25 Apr 2025−5.9%
2 May 2025−7.2%
9 May 2025+0.7%
16 May 2025+5.1%
23 May 2025+6.2%
30 May 2025+9.5%
6 Jun 2025+15.9%
13 Jun 2025+12.0%
20 Jun 2025+9.7%
27 Jun 2025−2.6%
3 Jul 2025−12.5%
11 Jul 2025−17.8%
18 Jul 2025−14.7%
25 Jul 2025−11.7%
1 Aug 2025−14.2%
8 Aug 2025−21.3%
15 Aug 2025−20.4%
22 Aug 2025−11.1%
29 Aug 2025−12.5%
5 Sep 2025−16.4%
12 Sep 2025−20.3%
19 Sep 2025−20.2%
26 Sep 2025−16.8%
3 Oct 2025−12.8%
10 Oct 2025−15.8%
17 Oct 2025−21.5%
24 Oct 2025−26.7%
31 Oct 2025−28.5%
7 Nov 2025−24.8%
14 Nov 2025−23.8%
21 Nov 2025−25.3%
28 Nov 2025−22.8%
5 Dec 2025−18.1%
12 Dec 2025−5.3%
19 Dec 2025−13.2%
26 Dec 2025−10.0%
2 Jan 2026−11.3%
9 Jan 2026−3.4%
16 Jan 2026−12.4%
23 Jan 2026−7.6%
30 Jan 2026−6.8%
6 Feb 2026−3.8%
13 Feb 2026−2.3%
20 Feb 2026−5.0%
27 Feb 2026−4.3%
6 Mar 2026−11.7%
13 Mar 2026−14.9%
20 Mar 2026−17.0%
27 Mar 2026−11.1%
2 Apr 2026−13.1%
10 Apr 2026−10.4%
17 Apr 2026+0.1%
24 Apr 2026−4.0%
1 May 2026−1.6%
8 May 2026−4.5%
15 May 2026−30.1%
22 May 2026−7.0%
29 May 2026−2.1%
5 Jun 2026+1.4%
12 Jun 2026+18.2%
18 Jun 2026+23.2%
26 Jun 2026+15.0%
2 Jul 2026+19.3%
10 Jul 2026+8.5%
17 Jul 2026+7.5%
24 Jul 2026−0.4%
31 Jul 2026−3.6%
7 Aug 2026−7.1%
14 Aug 2026+21.1%
21 Aug 2026−16.6%
28 Aug 2026−22.6%
4 Sep 2026−24.1%
11 Sep 2026−39.2%
18 Sep 2026−35.7%
25 Sep 2026−30.2%
2 Oct 2026−30.9%
9 Oct 2026−29.1%
16 Oct 2026−26.4%
23 Oct 2026−22.7%
30 Oct 2026−14.8%
6 Nov 2026+2.0%
Each bar is one week, from 2023 to now (148 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 3.1 years the share price moved +3% while the S&P 500 moved +70%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Birkenstock Holding pay?

Birkenstock Holding plc pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Birkenstock Holding on?

Birkenstock Holding is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Birkenstock Holding profitable?

Birkenstock Holding plc earned $110 M of net profit in the Jun 2026 quarter, −15.2% on the same quarter a year earlier. Full-year FY25 profit was $348 M. That is 15.2% of the quarter's revenue. The same quarter a year earlier earned $129 M. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was $348 M (+81.8% on the year before).

FY25 profit $348 M (+81.8% on the year before)

  • Net profit $348 M
FY25 profit $348 M (+81.8% on the year before)
QuarterNet profit
FY21−$41.3 M
FY22$187 M
FY23$75.0 M
FY24$192 M
FY25$348 M

Growth on a year earlier

  • Growth on a year earlier 81.8%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22–
FY23−59.9%
FY24155.4%
FY2581.8%
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $110 M (−15.2% on a year earlier)

  • Net profit (quarterly) $110 M
Jun 2026: $110 M (−15.2% on a year earlier)
QuarterNet profit (quarterly)
Sep 2023−$28.3 M
Dec 2023−$7.2 M
Mar 2024$71.7 M
Jun 2024$74.6 M
Sep 2024$52.5 M
Dec 2024$20.1 M
Mar 2025$105 M
Jun 2025$129 M
Sep 2025$93.9 M
Dec 2025$50.6 M
Mar 2026$81.9 M
Jun 2026$110 M

Growth on a year earlier

  • Growth on a year earlier −15.2%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−148.8%
Dec 2023–
Mar 202445.1%
Jun 202418.3%
Sep 2024–
Dec 2024–
Mar 202546.7%
Jun 202573.1%
Sep 202578.9%
Dec 2025151.3%
Mar 2026−22.1%
Jun 2026−15.2%
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +13.3% on a year earlier and the margin moved −0.7 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +48.2% and revenue +11.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

How much revenue does Birkenstock Holding make, and is it growing?

Birkenstock Holding plc reported $720 M of revenue in the Jun 2026 quarter, +13.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 17.2% a year on average. The last full year, FY25, came in at $2.1 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $2.3 B.

FY25 revenue was $2.1 B, +16.2% on the year before.

FY25 revenue $2.1 B (+16.2% on the year before), 17.2% a year over 4 years

  • Revenue $2.1 B
FY25 revenue $2.1 B (+16.2% on the year before), 17.2% a year over 4 years
QuarterRevenue
FY21$1.1 B
FY22$1.2 B
FY23$1.5 B
FY24$1.8 B
FY25$2.1 B

Growth on a year earlier

  • Growth on a year earlier 16.2%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY2211.9%
FY2320%
FY2421%
FY2516.2%
Top: revenue each year, $ B. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $720 M (+13.3% on a year earlier), the 12th quarter in a row of growth

  • Revenue (quarterly) $720 M
Jun 2026: $720 M (+13.3% on a year earlier), the 12th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023$375 M
Dec 2023$303 M
Mar 2024$481 M
Jun 2024$565 M
Sep 2024$456 M
Dec 2024$362 M
Mar 2025$574 M
Jun 2025$635 M
Sep 2025$526 M
Dec 2025$402 M
Mar 2026$618 M
Jun 2026$720 M

Growth on a year earlier

  • Growth on a year earlier 13.3%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 202316.5%
Dec 202321.9%
Mar 202421.6%
Jun 202419.3%
Sep 202421.7%
Dec 202419.4%
Mar 202519.3%
Jun 202512.4%
Sep 202515.5%
Dec 202511.1%
Mar 20267.7%
Jun 202613.3%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +11.9% on average, against 17.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +11.8%, against +14.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +9.4%, against +74.1% a year (rolling over).

How much of every $100 of sales does Birkenstock Holding keep?

Birkenstock Holding plc's operating margin was 29.0% in the Jun 2026 quarter, 0.7 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 21.9% and 26.4%. The latest quarter is above every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Across 5 years it has been between 21.9% and 26.4%, and FY25's 26.4% is the highest of them.

Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed −1.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY25: 26.4%, the highest in a range of 21.9% to 26.4% over 5 years

  • Operating margin 26.4%
FY25: 26.4%, the highest in a range of 21.9% to 26.4% over 5 years
QuarterOperating margin
FY2123.3%
FY2225.5%
FY2321.9%
FY2424.9%
FY2526.4%

Change on the year before (points)

  • Change on the year before (points) +1.5 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22+2.2 pts
FY23−3.6 pts
FY24+3.0 pts
FY25+1.5 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin 29.0% (−0.7 points on a year earlier)

  • Operating margin 29.0%
Jun 2026: operating margin 29.0% (−0.7 points on a year earlier)
QuarterOperating margin
Sep 20238.1%
Dec 202318%
Mar 202428.7%
Jun 202428.3%
Sep 202422.9%
Dec 202421%
Mar 202530.1%
Jun 202529.7%
Sep 202522%
Dec 202519%
Mar 202626.9%
Jun 202629%

Change on a year earlier (points)

  • Change on a year earlier (points) −0.7 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023−14.2 pts
Dec 2023−0.1 pts
Mar 2024−2.7 pts
Jun 2024+1.5 pts
Sep 2024+14.8 pts
Dec 2024+3.0 pts
Mar 2025+1.4 pts
Jun 2025+1.4 pts
Sep 2025−0.9 pts
Dec 2025−2.0 pts
Mar 2026−3.2 pts
Jun 2026−0.7 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Birkenstock Holding's profit turning into cash?

Over the last 3 years, 191% of Birkenstock Holding plc's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $384 M of operating cash against $348 M of profit. After $76.7 M of spending on assets, $308 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $384 M against profit $348 M; 191% of 3 years' profit came in as cash

  • Operating cash $384 M
  • Net profit $348 M
  • Free cash $308 M
FY25: operating cash $384 M against profit $348 M; 191% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21$255 M−$41.3 M$234 M
FY22$234 M$187 M$163 M
FY23$359 M$75.0 M$257 M
FY24$429 M$192 M$363 M
FY25$384 M$348 M$308 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash $246 M = 225% of the quarter's profit

  • Operating cash (quarterly) $246 M
Jun 2026: operating cash $246 M = 225% of the quarter's profit
QuarterOperating cash (quarterly)
Sep 2023$118 M
Dec 2023−$45.4 M
Mar 2024$50.0 M
Jun 2024$282 M
Sep 2024$143 M
Dec 2024−$11.6 M
Mar 2025−$18.3 M
Jun 2025$261 M
Sep 2025$154 M
Dec 2025−$28.3 M
Mar 2026$28.6 M
Jun 2026$246 M

Operating cash as % of profit

  • Operating cash as % of profit 225%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023–
Dec 2023–
Mar 202470%
Jun 2024377%
Sep 2024272%
Dec 2024−58%
Mar 2025−17%
Jun 2025202%
Sep 2025164%
Dec 2025−56%
Mar 202635%
Jun 2026225%
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Birkenstock Holding's cash go?

Birkenstock Holding plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $244 M on assets over the last 3 years. Averaged over those years that is 3.9% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $244 M over the last 3 years.

FY25: capex $76.7 M, steady spending

  • Capex $76.7 M
FY25: capex $76.7 M, steady spending
QuarterCapex
FY21$21.5 M
FY22$70.8 M
FY23$102 M
FY24$65.4 M
FY25$76.7 M
Capital spending each year, $ M.

Jun 2026: capex $26.2 M in the quarter

  • Capex (quarterly) $26.2 M
Jun 2026: capex $26.2 M in the quarter
QuarterCapex (quarterly)
Sep 2023$24.0 M
Dec 2023$18.1 M
Mar 2024$16.8 M
Jun 2024$14.6 M
Sep 2024$15.9 M
Dec 2024$14.6 M
Mar 2025$18.9 M
Jun 2025$20.6 M
Sep 2025$22.6 M
Dec 2025$37.1 M
Mar 2026$21.3 M
Jun 2026$26.2 M

Free cash

  • Free cash $220 M
Free cash
QuarterFree cash
Sep 2023$93.8 M
Dec 2023−$63.5 M
Mar 2024$33.1 M
Jun 2024$267 M
Sep 2024$127 M
Dec 2024−$26.3 M
Mar 2025−$37.2 M
Jun 2025$240 M
Sep 2025$131 M
Dec 2025−$65.4 M
Mar 2026$7.3 M
Jun 2026$220 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Birkenstock Holding's P/E ratio, and how does it compare with its own history?

Birkenstock Holding plc's P/E is 17.8×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

P/E 17.8× against a usual —: with too little history to compare

  • P/E 20.4×
P/E 17.8× against a usual —: with too little history to compare
WeekP/E
13 Oct 202389.8×
20 Oct 202395.6×
27 Oct 202394.0×
3 Nov 2023101.6×
10 Nov 2023100.4×
17 Nov 2023103.2×
24 Nov 2023104.0×
1 Dec 2023119.6×
8 Dec 2023118.3×
15 Dec 2023119.6×
22 Dec 2023114.3×
29 Dec 2023119.6×
5 Jan 2024110.1×
12 Jan 2024115.4×
19 Jan 2024111.6×
26 Jan 2024112.1×
2 Feb 2024111.1×
9 Feb 2024115.3×
16 Feb 2024118.7×
23 Feb 2024119.6×
1 Mar 2024115.3×
8 Mar 2024113.7×
15 Mar 2024113.5×
22 Mar 2024112.7×
28 Mar 2024113.9×
5 Apr 202483.9×
12 Apr 202482.0×
19 Apr 202481.3×
26 Apr 202486.6×
3 May 202485.3×
10 May 202486.7×
17 May 202489.9×
24 May 202491.6×
31 May 2024108.6×
7 Jun 2024110.3×
14 Jun 2024113.7×
21 Jun 2024117.1×
28 Jun 2024103.6×
5 Jul 202498.0×
12 Jul 202496.3×
19 Jul 202493.9×
26 Jul 202499.0×
2 Aug 202496.8×
9 Aug 2024101.2×
16 Aug 2024108.8×
23 Aug 2024110.0×
30 Aug 202486.3×
6 Sep 202478.6×
13 Sep 202480.0×
20 Sep 202482.8×
27 Sep 202485.2×
4 Oct 202448.0×
11 Oct 202449.2×
18 Oct 202450.9×
25 Oct 202448.6×
1 Nov 202445.1×
8 Nov 202445.8×
15 Nov 202444.8×
22 Nov 202446.8×
29 Nov 202450.8×
6 Dec 202452.6×
13 Dec 202454.1×
20 Dec 202459.4×
27 Dec 202458.1×
3 Jan 202548.4×
10 Jan 202548.6×
17 Jan 202551.5×
24 Jan 202551.4×
31 Jan 202550.8×
7 Feb 202547.8×
14 Feb 202547.5×
21 Feb 202544.5×
28 Feb 202542.5×
7 Mar 202539.2×
14 Mar 202537.5×
21 Mar 202538.9×
28 Mar 202539.3×
4 Apr 202532.6×
11 Apr 202535.7×
17 Apr 202535.4×
25 Apr 202537.7×
2 May 202538.3×
9 May 202539.1×
16 May 202542.2×
23 May 202539.6×
30 May 202540.0×
6 Jun 202540.7×
13 Jun 202538.3×
20 Jun 202538.8×
27 Jun 202536.8×
3 Jul 202529.8×
11 Jul 202529.0×
18 Jul 202530.4×
25 Jul 202532.2×
1 Aug 202530.0×
8 Aug 202529.5×
15 Aug 202530.4×
22 Aug 202532.6×
29 Aug 202531.9×
5 Sep 202530.7×
12 Sep 202528.3×
19 Sep 202529.1×
26 Sep 202527.4×
3 Oct 202524.6×
10 Oct 202522.6×
17 Oct 202522.5×
24 Oct 202522.5×
31 Oct 202521.4×
7 Nov 202520.8×
14 Nov 202521.5×
21 Nov 202522.0×
28 Nov 202523.2×
5 Dec 202523.6×
12 Dec 202524.4×
19 Dec 202522.8×
26 Dec 202522.7×
2 Jan 202620.6×
9 Jan 202621.4×
16 Jan 202618.9×
23 Jan 202619.5×
30 Jan 202618.6×
6 Feb 202618.9×
13 Feb 202619.6×
20 Feb 202620.1×
27 Feb 202620.5×
6 Mar 202618.8×
13 Mar 202618.4×
20 Mar 202616.4×
27 Mar 202616.8×
2 Apr 202618.1×
10 Apr 202619.9×
17 Apr 202620.6×
24 Apr 202620.6×
1 May 202620.2×
8 May 202620.5×
15 May 202616.3×
22 May 202621.6×
29 May 202623.5×
5 Jun 202622.1×
12 Jun 202625.4×
18 Jun 202624.1×
26 Jun 202623.2×
2 Jul 202625.2×
10 Jul 202624.9×
17 Jul 202624.3×
24 Jul 202622.3×
31 Jul 202621.2×
7 Aug 202621.1×
14 Aug 202621.6×
21 Aug 202619.5×
28 Aug 202619.5×
4 Sep 202618.6×
11 Sep 202617.1×
18 Sep 202616.7×
25 Sep 202618.4×
2 Oct 202618.3×
9 Oct 202618.4×
16 Oct 202618.5×
23 Oct 202617.8×
30 Oct 202618.3×
6 Nov 202620.4×

Earnings per share, 12 months

  • Earnings per share, 12 months $1.83
Earnings per share, 12 months
WeekEarnings per share, 12 months
13 Oct 2023–
20 Oct 2023–
27 Oct 2023–
3 Nov 2023–
10 Nov 2023–
17 Nov 2023–
24 Nov 2023–
1 Dec 2023–
8 Dec 2023–
15 Dec 2023–
22 Dec 2023–
29 Dec 2023$0.41
5 Jan 2024$0.41
12 Jan 2024$0.41
19 Jan 2024$0.41
26 Jan 2024$0.41
2 Feb 2024$0.41
9 Feb 2024$0.41
16 Feb 2024$0.41
23 Feb 2024$0.41
1 Mar 2024$0.41
8 Mar 2024$0.41
15 Mar 2024$0.41
22 Mar 2024$0.41
28 Mar 2024$0.41
5 Apr 2024$0.41
12 Apr 2024$0.41
19 Apr 2024$0.41
26 Apr 2024$0.41
3 May 2024$0.41
10 May 2024$0.41
17 May 2024$0.41
24 May 2024$0.41
31 May 2024$0.41
7 Jun 2024$0.41
14 Jun 2024$0.41
21 Jun 2024$0.41
28 Jun 2024$0.53
5 Jul 2024$0.53
12 Jul 2024$0.53
19 Jul 2024$0.53
26 Jul 2024$0.53
2 Aug 2024$0.53
9 Aug 2024$0.53
16 Aug 2024$0.53
23 Aug 2024$0.53
30 Aug 2024$0.53
6 Sep 2024$0.53
13 Sep 2024$0.53
20 Sep 2024$0.53
27 Sep 2024$0.58
4 Oct 2024$0.58
11 Oct 2024$0.58
18 Oct 2024$0.58
25 Oct 2024$0.58
1 Nov 2024$0.58
8 Nov 2024$0.58
15 Nov 2024$0.58
22 Nov 2024$0.58
29 Nov 2024$0.58
6 Dec 2024$0.58
13 Dec 2024$0.58
20 Dec 2024$0.58
27 Dec 2024$1.02
3 Jan 2025$1.02
10 Jan 2025$1.02
17 Jan 2025$1.02
24 Jan 2025$1.02
31 Jan 2025$1.02
7 Feb 2025$1.02
14 Feb 2025$1.02
21 Feb 2025$1.02
28 Feb 2025$1.02
7 Mar 2025$1.02
14 Mar 2025$1.02
21 Mar 2025$1.02
28 Mar 2025$1.16
4 Apr 2025$1.16
11 Apr 2025$1.16
17 Apr 2025$1.16
25 Apr 2025$1.16
2 May 2025$1.16
9 May 2025$1.16
16 May 2025$1.16
23 May 2025$1.16
30 May 2025$1.16
6 Jun 2025$1.16
13 Jun 2025$1.16
20 Jun 2025$1.16
27 Jun 2025$1.34
3 Jul 2025$1.34
11 Jul 2025$1.34
18 Jul 2025$1.34
25 Jul 2025$1.34
1 Aug 2025$1.34
8 Aug 2025$1.34
15 Aug 2025$1.34
22 Aug 2025$1.34
29 Aug 2025$1.34
5 Sep 2025$1.34
12 Sep 2025$1.34
19 Sep 2025$1.34
26 Sep 2025$1.64
3 Oct 2025$1.64
10 Oct 2025$1.64
17 Oct 2025$1.64
24 Oct 2025$1.64
31 Oct 2025$1.64
7 Nov 2025$1.64
14 Nov 2025$1.64
21 Nov 2025$1.64
28 Nov 2025$1.64
5 Dec 2025$1.64
12 Dec 2025$1.64
19 Dec 2025$1.64
26 Dec 2025$1.87
2 Jan 2026$1.87
9 Jan 2026$1.87
16 Jan 2026$1.87
23 Jan 2026$1.87
30 Jan 2026$1.87
6 Feb 2026$1.87
13 Feb 2026$1.87
20 Feb 2026$1.87
27 Feb 2026$1.87
6 Mar 2026$1.87
13 Mar 2026$1.87
20 Mar 2026$1.87
27 Mar 2026$2.03
2 Apr 2026$2.03
10 Apr 2026$2.03
17 Apr 2026$2.03
24 Apr 2026$2.03
1 May 2026$2.03
8 May 2026$2.03
15 May 2026$2.03
22 May 2026$2.03
29 May 2026$2.03
5 Jun 2026$2.03
12 Jun 2026$2.03
18 Jun 2026$2.03
26 Jun 2026$1.92
2 Jul 2026$1.92
10 Jul 2026$1.92
17 Jul 2026$1.92
24 Jul 2026$1.92
31 Jul 2026$1.92
7 Aug 2026$1.92
14 Aug 2026$1.92
21 Aug 2026$1.92
28 Aug 2026$1.92
4 Sep 2026$1.92
11 Sep 2026$1.92
18 Sep 2026$1.92
25 Sep 2026$1.83
2 Oct 2026$1.83
9 Oct 2026$1.83
16 Oct 2026$1.83
23 Oct 2026$1.83
30 Oct 2026$1.83
6 Nov 2026$1.83
Top: P/E each week. Below: earnings per share, trailing twelve months, a step line that moves once a quarter; 3.1 years of history; short peaks above 120× are drawn at the top edge.

PEG 1.31 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 1.31×
  • PEG = 1.0 1.00×
PEG 1.31 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Dec 20231.99×1.00×
Mar 20241.64×1.00×
Jun 20241.41×1.00×
Sep 20241.08×1.00×
Dec 20241.18×1.00×
Mar 20250.82×1.00×
Jun 20250.86×1.00×
Sep 20250.75×1.00×
Dec 20250.82×1.00×
Mar 20260.84×1.00×
Jun 20261.31×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 11 quarters.
17.8×P/E · too little history to compare
1.09PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +83.1% while the price moved −3.8%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −3.2% a year; about +65.2% a year came from earnings growth and about −68.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Is the Birkenstock Holding business getting better or worse?

Birkenstock Holding plc's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +176.9% at its peak to +9.4%, but the business is still expanding, with ROCE steady at 11.8%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +16.2% in FY25, profit +81.8%

  • Revenue growth 16.2%
Growth year by year: revenue +16.2% in FY25, profit +81.8%
QuarterRevenue growth
FY21–
FY2211.9%
FY2320%
FY2421%
FY2516.2%

Profit growth, EPS growth

  • Profit growth 81.8%
  • EPS growth 83.1%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22––
FY23−59.9%−59.8%
FY24155.4%148.8%
FY2581.8%83.1%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising, profit rolling over

  • Revenue 11.8%
Three growth lines over twelve quarters: revenue stabilising, profit rolling over
QuarterRevenue
Sep 202320%
Dec 202326.7%
Mar 202421.4%
Jun 202419.8%
Sep 202421%
Dec 202420.5%
Mar 202519.9%
Jun 202517.6%
Sep 202516.2%
Dec 202514.7%
Mar 202611.5%
Jun 202611.8%

Profit, EPS

  • Profit 9.4%
  • EPS 11.6%
Profit, EPS
QuarterProfitEPS
Sep 2023−59.9%−60.1%
Dec 2023−45.4%−45.6%
Mar 2024−35.4%−37%
Jun 2024−31.3%−33.9%
Sep 2024155.4%151.2%
Dec 2024184.1%180.4%
Mar 2025154.1%155.8%
Jun 2025176.9%183%
Sep 202581.8%83.5%
Dec 202573.1%74.3%
Mar 202640.9%42.5%
Jun 20269.4%11.6%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 11.8%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 20237.3%
Dec 20237.6%
Mar 20248%
Jun 20248.5%
Sep 202410.3%
Dec 202410.7%
Mar 202511.3%
Jun 202512%
Sep 202512.4%
Dec 202512.1%
Mar 202611.8%
Jun 202611.8%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +11.8%, range +11.5% to +26.7%
Turning downProfit growth · latest +9.4%, range −59.9% to +184.1%
Turning downEPS growth · latest +11.6%, range −60.1% to +183.0%
Stuck lowROCE · latest 11.8%, range 7.3% to 12.4%

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+16.2%+19.1%——
Profit+81.8%+23.0%——
EPS+83.1%+22.3%——
Stock price−3.8%−3.2%——
+13.3%Revenue growth (Jun 2026) · latest quarter against a year ago
−15.2%Profit growth (Jun 2026) · latest quarter against a year ago
17.2%Revenue, 4 years · yearly growth over the long run

How much does Birkenstock Holding earn on its capital?

Birkenstock Holding plc earned a ROE of 13% in FY25. That is up from a low of −2% in FY21. Its return on capital used (ROIC) is 1.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 16.6% net margin and 0.42× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 16.6% net margin × 0.42× asset turnover × 1.82× leverage (assets divided by equity) ≈ 12.7% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 10.4% − 9.3% = +1.1 percentage points. The 9.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

FY25: ROE 13%, the climb back from FY21's −2%

  • ROE 12.8%
  • ROIC (annual) 11.1%
  • Cost of capital 9.3%
FY25: ROE 13%, the climb back from FY21's −2%
QuarterROEROIC (annual)Cost of capital
FY21−2%6.9%9.3%
FY227.9%6%9.3%
FY233.1%3.9%9.3%
FY247.3%7.6%9.3%
FY2512.8%11.1%9.3%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 9.3% cost of capital used on this page.

Jun 2026: ROIC 10.7% (last 12 months) against a 9.3% cost of capital

  • ROIC (12 months) 10.7%
  • ROE (12 months) 12.4%
  • Cost of capital 9.3%
Jun 2026: ROIC 10.7% (last 12 months) against a 9.3% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 20236%3.2%9.3%
Dec 20236.5%3.2%9.3%
Mar 20246.7%4.1%9.3%
Jun 20247.3%4.4%9.3%
Sep 20248.5%7.6%9.3%
Dec 20248.1%8.4%9.3%
Mar 20258.6%9.4%9.3%
Jun 20259.8%11.6%9.3%
Sep 202510.9%13%9.3%
Dec 202510.8%13.7%9.3%
Mar 202610.2%12.5%9.3%
Jun 202610.7%12.4%9.3%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Birkenstock Holding have too much debt?

Birkenstock Holding plc has total debt of $1.9 B against shareholder equity of $2.8 B as of Jun 2026, so its debt is 0.69× its equity. Year by year, that ratio went from 0.93 in FY21 to 0.49 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $1.3 B, 0.49× equity

  • Total debt $1.3 B
FY25: debt $1.3 B, 0.49× equity
QuarterTotal debt
FY21$1.9 B
FY22$2.1 B
FY23$2.0 B
FY24$1.4 B
FY25$1.3 B

Debt-to-equity

  • Debt-to-equity 0.49×
Debt-to-equity
QuarterDebt-to-equity
FY210.93×
FY220.89×
FY230.83×
FY240.53×
FY250.49×
Top: total debt each year, $ B. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $1.9 B, debt-to-equity 0.69

  • Total debt (quarterly) $1.9 B
Jun 2026: debt $1.9 B, debt-to-equity 0.69
QuarterTotal debt (quarterly)
Sep 2023$2.0 B
Dec 2023$1.5 B
Mar 2024$1.5 B
Jun 2024$1.5 B
Sep 2024$1.4 B
Dec 2024$1.4 B
Mar 2025$1.4 B
Jun 2025$1.4 B
Sep 2025$1.3 B
Dec 2025$1.3 B
Mar 2026$1.4 B
Jun 2026$1.9 B

Debt-to-equity

  • Debt-to-equity 0.69×
Debt-to-equity
QuarterDebt-to-equity
Sep 20230.83×
Dec 20230.60×
Mar 20240.59×
Jun 20240.58×
Sep 20240.53×
Dec 20240.51×
Mar 20250.50×
Jun 20250.52×
Sep 20250.49×
Dec 20250.49×
Mar 20260.48×
Jun 20260.69×
Top: total debt each quarter, $ B. Below: debt-to-equity, ×. Last 12 quarters.

What is the Birkenstock Holding shareholding pattern?

9.8% of Birkenstock Holding plc's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

9.8%Short interest · of the tradable float
4.1Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Birkenstock Holding from balance-sheet trouble?

For Birkenstock Holding plc, the Z-score is 2.69. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 2.69 is in the grey area, neither clearly safe nor clearly in trouble.

How does Birkenstock Holding rank in its industry?

39.3 out of 100, rank 10 of 13 in Footwear & Accessories, with 81% of the evidence available.

Birkenstock Holding plc scores 39.3 out of 100 against the 13 companies it is compared with in Footwear & Accessories, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 13.4 + 12.9 + 7.6 + 5.4 = 39.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Birkenstock Holding compared with?

Birkenstock Holding ranks 10 of 13 Footwear & Accessories companies on the 4-Factor Sector Score, with 39.3 out of 100.

  1. 1Weyco Group, Inc.WEYS · leader · Most evidence points up · 85% evidence73.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.4/35 · Revenue 1.8% · Profit 60% · Operating margin change 6.7 points · 95% evidenceCapital efficiency 16.9/25 · ROCE 16.5% · Operating margin 17.8% · 76% evidenceValuation 13.9/20 · P/E 11.5× · PEG 0.3 · 65% evidenceRelative strength 18.1/20 · Lead over its industry 36.1% · Lead over S&P 500 58.3% · 1 year 88.4% · 100% evidence · 12 of 12 weeks aheadExact sum: 24.4 + 16.9 + 13.9 + 18.1 = 73.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Crocs, Inc.CROX · turning · Most evidence points up · 85% evidence65.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.9/35 · Revenue 0.7% · Profit 100% · Operating margin change 1.1 points · 95% evidenceCapital efficiency 20.1/25 · ROCE 24.3% · Operating margin 21.9% · 76% evidenceValuation 15.2/20 · P/E 8.5× · PEG 0.24 · 65% evidenceRelative strength 14.0/20 · Lead over its industry 20.2% · Lead over S&P 500 39.7% · 1 year 92.6% · 100% evidence · 3 of 12 weeks aheadExact sum: 15.9 + 20.1 + 15.2 + 14 = 65.2 · What this means: Relative strength against the index is 39.7%, and revenue and profit growth are weak.
  3. 3Steven Madden, Ltd.SHOO · quiet · Evidence leans up · 85% evidence61.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.6/35 · Revenue 20.4% · Profit 100% · Operating margin change 4.5 points · 95% evidenceCapital efficiency 17.1/25 · ROCE 20.3% · Operating margin 9.6% · 76% evidenceValuation 12.5/20 · P/E 18.7× · PEG 0.37 · 65% evidenceRelative strength 1.7/20 · Lead over its industry -20.2% · Lead over S&P 500 -7% · 1 year 3.4% · 100% evidence · 2 of 12 weeks aheadExact sum: 30.6 + 17.1 + 12.5 + 1.7 = 61.9 · What this means: Earnings are strong; relative strength in its sector is -20.2% and the one-year return is 3.4%.
  4. 4Rocky Brands, Inc.RCKY · turning · Evidence leans up · 85% evidence58.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.5/35 · Revenue 10.6% · Profit 66.7% · Operating margin change 3.5 points · 95% evidenceCapital efficiency 10.2/25 · ROCE 8.5% · Operating margin 13.1% · 76% evidenceValuation 15.5/20 · P/E 9.7× · PEG 0.2 · 65% evidenceRelative strength 12.2/20 · Lead over its industry 9.9% · Lead over S&P 500 27.8% · 1 year 72.6% · 100% evidence · 9 of 12 weeks aheadExact sum: 20.5 + 10.2 + 15.5 + 12.2 = 58.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Wolverine World Wide, Inc.WWW · leader · Too little evidence to rank firmly · 58% evidence52.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.3/35 · Revenue — · Profit — · Operating margin change 1.3 points · 45% evidenceCapital efficiency 11.5/25 · ROCE 14.1% · Operating margin 9.9% · 76% evidenceValuation 9.8/20 · P/E 12.8× · PEG — · 15% evidenceRelative strength 14.1/20 · Lead over its industry -0.8% · Lead over S&P 500 15.4% · 1 year 34% · 100% evidence · 11 of 12 weeks aheadExact sum: 17.3 + 11.5 + 9.8 + 14.1 = 52.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  6. 6Deckers Outdoor CorporationDECK · quiet · Evidence leans up · 85% evidence51.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.9/35 · Revenue 6.3% · Profit 4.4% · Operating margin change 3.5 points · 95% evidenceCapital efficiency 21.6/25 · ROCE 45.7% · Operating margin 26.3% · 76% evidenceValuation 12.5/20 · P/E 10× · PEG 0.87 · 65% evidenceRelative strength 1.9/20 · Lead over its industry -26.7% · Lead over S&P 500 -14.5% · 1 year 6% · 100% evidence · 0 of 12 weeks aheadExact sum: 15.9 + 21.6 + 12.5 + 1.9 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Forward Industries, Inc.FWDI · breaking out · Evidence leans up · 64% evidence51.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.8/35 · Revenue 100% · Profit — · Operating margin change 95.8 points · 62% evidenceCapital efficiency 3.6/25 · ROCE 2.1% · Operating margin -6.8% · 76% evidenceValuation 11.5/20 · P/E -31.7× · PEG — · 15% evidenceRelative strength 10.4/20 · Lead over its industry -17.5% · Lead over S&P 500 -3.6% · 1 year -45% · 100% evidence · 12 of 12 weeks aheadExact sum: 25.8 + 3.6 + 11.5 + 10.4 = 51.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8On Holding AGONON · turning · Evidence leans down · 74% evidence49.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.4/35 · Revenue 18.4% · Profit 100% · Operating margin change 1.6 points · 62% evidenceCapital efficiency 15.5/25 · ROCE 18.2% · Operating margin 14% · 76% evidenceValuation 6.5/20 · P/E 23.9× · PEG 1.89 · 65% evidenceRelative strength 7.0/20 · Lead over its industry -19% · Lead over S&P 500 -5.5% · 1 year 6.7% · 100% evidence · 0 of 12 weeks aheadExact sum: 20.4 + 15.5 + 6.5 + 7 = 49.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Fossil Group, Inc.FOSL · leader · Too little evidence to rank firmly · 58% evidence47.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 10.8/35 · Revenue — · Profit — · Operating margin change -3.7 points · 45% evidenceCapital efficiency 5.5/25 · ROCE 4.8% · Operating margin 3.5% · 76% evidenceValuation 11.3/20 · P/E -11.7× · PEG — · 15% evidenceRelative strength 19.6/20 · Lead over its industry 43.8% · Lead over S&P 500 66.5% · 1 year 311.1% · 100% evidence · 11 of 12 weeks aheadExact sum: 10.8 + 5.5 + 11.3 + 19.6 = 47.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  10. 10Birkenstock Holding plc this pageBIRK · turning · Evidence leans down · 81% evidence39.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.4/35 · Revenue 11.8% · Profit 10.1% · Operating margin change -0.7 points · 83% evidenceCapital efficiency 12.9/25 · ROCE 11% · Operating margin 29% · 76% evidenceValuation 7.6/20 · P/E 20.6× · PEG 1.78 · 65% evidenceRelative strength 5.4/20 · Lead over its industry -20.2% · Lead over S&P 500 -6.8% · 1 year -3.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 13.4 + 12.9 + 7.6 + 5.4 = 39.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11NIKE, Inc.NKE · basing · Evidence leans down · 85% evidence36.2out of 100GrowthCapitalValuationRelative
  12. 12Designer Brands Inc.DBI · breaking out · Evidence leans down · 67% evidence35.9out of 100GrowthCapitalValuationRelative
  13. 13Vera Bradley, Inc.VRA · Too little evidence to rank firmly · 47% evidence43.7out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Footwear & Accessories, all 13 compared on one page.

Which companies are close to Birkenstock Holding in size?

Birkenstock Holding is the 5th largest of 12 Footwear & Accessories companies on Sector Alpha by market value (scores of 6 November 2026). Just above it: On Holding AG, Deckers Outdoor Corporation and Crocs, Inc. Just below it: Steven Madden, Wolverine World Wide, Inc. and Weyco Group, Inc.

Footwear & Accessories companies close in size

  1. On Holding AG $12.5 billion
  2. Deckers Outdoor Corporation $11.6 billion
  3. Crocs, Inc. $6.9 billion
  4. Birkenstock Holding plc $6.6 billion
  5. Steven Madden, Ltd. $2.9 billion
  6. Wolverine World Wide, Inc. $1.8 billion
  7. Weyco Group, Inc. $573 million

All 12 Footwear & Accessories companies, largest first

Companies close in size in other industries

  1. Taylor Morrison Home Corporation $6.7 billion · Residential Construction
  2. Sibanye Stillwater Limited $6.7 billion · Other Precious Metals & Mining
  3. Birkenstock Holding plc $6.6 billion
  4. Navan, Inc. $6.6 billion · Software - Application
  5. Xometry, Inc. $6.6 billion · Industrial Distribution

What else do people ask about Birkenstock Holding?

What were Birkenstock Holding's latest quarterly results?

Birkenstock Holding plc reported revenue of $720 M and net profit of $110 M for the Jun 2026 quarter. Revenue rose 13.3% and profit fell 15.2% compared with a year earlier. Earnings per share were $0.60.

The operating margin was 29.0%, 0.7 percentage points lower than a year earlier (as of 6 November 2026).

What is Birkenstock Holding's market cap?

Birkenstock Holding plc's market capitalisation is $6.6 B at a stock price of $37.32. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 6 November 2026).

How is Birkenstock Holding performing?

Birkenstock Holding plc's share price has been falling for 16 weeks. In its latest quarter, revenue rose 13.3% and profit fell 15.2% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 6 November 2026).

Will Birkenstock Holding's stock price go up?

This page does not forecast Birkenstock Holding plc's stock price. What it shows instead: the stock price is $37.32, and it has been falling for 16 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 6 November 2026).

Is Birkenstock Holding's profit real cash?

Yes, over the last 3 years, 191% of Birkenstock Holding plc's reported profit came in as cash from operations. The latest year was lower at 110%, so the trend is worth watching. In FY25, operating cash was $384 M against reported profit of $348 M.

Most of that cash then goes into building new capacity. These are yearly figures (as of 6 November 2026).

Where is Birkenstock Holding in its business cycle?

Birkenstock Holding plc's FY25 operating margin was 26.4%, against a 5-year range of 21.9% to 26.4%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 29.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 6 November 2026).

What could break the Birkenstock Holding story?

The main question: yearly earnings per share moved +83.1% while the share price moved −3.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 6 November 2026).

Is Birkenstock Holding a stock worth studying right now?

What the numbers show: Birkenstock Holding plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 6 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

More lists

Every Sector Alpha list, grouped

X · Instagram · YouTube · About · Newsletter · Newsletter archive
This is research, not advice. We’re not SEBI-registered.