Birkenstock Holding (BIRK) financial statements

Consumer Cyclical · Footwear & Accessories · Market cap $5.8B

Birkenstock Holding reported revenue of 2.1B EUR in fiscal 2025, up 19.1% a year over 3 years.

Net income was 348M EUR and the operating margin 26.2%, against 29.2% in 2022.

Free cash flow was 299M EUR.

Revenue and free cash flow

Fiscal years, $ billions (EUR).

01232022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in EUR, from Birkenstock Holding's 10-K filings with the SEC.

Fiscal year2022202320242025
Revenue1.2B EUR1.5B EUR1.8B EUR2.1B EUR
Cost of revenue493M EUR566M EUR744M EUR858M EUR
Gross profit750M EUR926M EUR1.1B EUR1.2B EUR
Selling, general and admin87M EUR171M EUR113M EUR125M EUR
Operating income363M EUR261M EUR421M EUR550M EUR
Interest expense113M EUR107M EUR127M EUR80M EUR
Pre-tax income251M EUR154M EUR294M EUR470M EUR
Income tax63M EUR79M EUR102M EUR122M EUR
Net income187M EUR75M EUR192M EUR348M EUR
EPS (diluted)1.02 EUR0.41 EUR1.02 EUR1.87 EUR
Diluted shares183M183M188M187M
Gross margin60.3%62.1%58.8%59.1%
Operating margin29.2%17.5%23.3%26.2%
Net margin15.1%5.0%10.6%16.6%

Balance sheet

Fiscal years, in EUR, from Birkenstock Holding's 10-K filings with the SEC.

Fiscal year2022202320242025
Cash and short-term investments307M EUR344M EUR356M EUR329M EUR
Receivables66M EUR92M EUR114M EUR160M EUR
Inventory536M EUR595M EUR625M EUR704M EUR
Total current assets960M EUR1.1B EUR1.2B EUR1.3B EUR
Property, plant and equipment205M EUR286M EUR319M EUR357M EUR
Goodwill1.7B EUR1.6B EUR1.6B EUR1.5B EUR
Total assets4.8B EUR4.8B EUR4.9B EUR4.9B EUR
Total current liabilities324M EUR379M EUR448M EUR454M EUR
Long-term debt1.9B EUR1.8B EUR1.2B EUR1.1B EUR
Total liabilities2.4B EUR2.4B EUR2.3B EUR2.2B EUR
Shareholders' equity2.4B EUR2.4B EUR2.6B EUR2.7B EUR
Net debt1.7B EUR1.5B EUR839M EUR816M EUR

Cash flow

Fiscal years, in EUR, from Birkenstock Holding's 10-K filings with the SEC.

Fiscal year2022202320242025
Operating cash flow234M EUR359M EUR429M EUR384M EUR
Capital spending73M EUR103M EUR74M EUR85M EUR
Free cash flow162M EUR256M EUR355M EUR299M EUR
Stock-based compensation—-65M EUR-4M EUR—
Net borrowing-10M EUR-53M EUR-662M EUR-50M EUR
Free cash flow margin13.0%17.1%19.7%14.3%
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Questions

What was Birkenstock Holding's revenue in 2025?

2.1B EUR in fiscal 2025, from its 10-K filing.

How much free cash flow does Birkenstock Holding generate?

299M EUR in fiscal 2025 (operating cash flow minus capital spending).

From Birkenstock Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.