Cash flow Birkenstock Holding plc

Equities

BIRK

JE00BS44BN30

Footwear

Market Closed - Nyse Other stock markets 01:30:02 14/03/2026 am IST			5-day change	1st Jan Change
37.43 ^USD	+3.60%		-1.76%	-8.48%

20/02	Footwear Stocks Rise After Supreme Court Strikes Down Tariffs	DJ
13/02	Birkenstock exec says we will experience significant headwinds from FX & tariffs in Q2 - conf call	RE

38fab8d1760e85b4e920ee75d3.ORpYQsIjm7Hykfr9NB6HqT9uPHFMjYxdFGmn1pebjtA.DHcuE6Vt39_H2L2efi7q3QxZekh9zMYQejOTtdiqvrFvbG4wgGXJwYfrmQ

Published financial data: BIRKENSTOCK HOLDING PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	111.04Cr	124.28Cr	149.19Cr	180.47Cr	209.74Cr
Total Revenues	111.04Cr	124.28Cr	149.19Cr	180.47Cr	209.74Cr
Cost of Goods Sold, Total	48Cr	47Cr	57Cr	74Cr	86Cr
Gross Profit	63Cr	77Cr	93Cr	106.07Cr	124.12Cr
Selling General & Admin Expenses, Total	37Cr	43Cr	62Cr	61Cr	69Cr
Other Operating Expenses	40.15L	-16.69L	18.1L	-6L	-6L
Other Operating Expenses, Total	37Cr	43Cr	62Cr	61Cr	69Cr
Operating Income	26Cr	34Cr	30Cr	45Cr	55Cr
Interest Expense, Total	-8.8Cr	-8.87Cr	-13Cr	-14Cr	-7.56Cr
Interest And Investment Income	-	-	-	80.36L	70.06L
Net Interest Expenses	-8.8Cr	-8.87Cr	-13Cr	-13Cr	-6.86Cr
Currency Exchange Gains (Loss)	4.94Cr	4.55Cr	-3.61Cr	-1.96Cr	-19.53L
Other Non Operating Income (Expenses)	1.85Cr	-2.38Cr	2.24Cr	16.65L	-1.1Cr
EBT, Excl. Unusual Items	24Cr	28Cr	16Cr	30Cr	47Cr
Merger & Related Restructuring Charges	-27Cr	-2.47Cr	-	-	-
Asset Writedown	-	-	-	-	-18.02L
Other Unusual Items	-	-	-74L	-74.6L	-
EBT, Incl. Unusual Items	-3.31Cr	25Cr	15Cr	29Cr	47Cr
Income Tax Expense	82.27L	6.34Cr	7.86Cr	10Cr	12Cr
Earnings From Continuing Operations	-4.13Cr	19Cr	7.5Cr	19Cr	35Cr
Net Income to Company	-4.13Cr	19Cr	7.5Cr	19Cr	35Cr
Net Income - (IS)	-4.13Cr	19Cr	7.5Cr	19Cr	35Cr
Net Income to Common Incl Extra Items	-4.13Cr	19Cr	7.5Cr	19Cr	35Cr
Net Income to Common Excl. Extra Items	-4.13Cr	19Cr	7.5Cr	19Cr	35Cr
Per Share Items
Net EPS - Basic	-0.23	1.02	0.41	1.02	1.87
Basic EPS - Continuing Operations	-0.23	1.02	0.41	1.02	1.87
Basic Weighted Average Shares Outstanding	18Cr	18Cr	18Cr	19Cr	19Cr
Net EPS - Diluted	-0.23	1.02	0.41	1.02	1.87
Diluted EPS - Continuing Operations	-0.23	1.02	0.41	1.02	1.87
Diluted Weighted Average Shares Outstanding	18Cr	18Cr	18Cr	19Cr	19Cr
Normalized Basic EPS	0.82	0.94	0.55	1	1.58
Normalized Diluted EPS	0.82	0.94	0.55	1	1.58
Supplemental Items
EBITDA	33Cr	42Cr	35Cr	51Cr	62Cr
EBITA	31Cr	40Cr	33Cr	45Cr	58Cr
EBIT	26Cr	34Cr	30Cr	45Cr	55Cr
Effective Tax Rate - (Ratio)	-24.88	25.31	51.17	34.78	25.88
Total Current Taxes	-99.58L	6.63Cr	5.08Cr	7.84Cr	10Cr
Total Deferred Taxes	1.82Cr	-29.23L	2.78Cr	2.38Cr	2.06Cr
Normalized Net Income	15Cr	17Cr	10Cr	19Cr	29Cr
Interest on Long-Term Debt	3.67Cr	8.87Cr	1.19Cr	3.78Cr	89.96L
Non-Cash Pension Expense	3T	11T	56T	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	30Cr	35Cr	45Cr	51Cr	56Cr
General and Administrative Expenses	6.85Cr	8.63Cr	17Cr	11Cr	13Cr
Stock-Based Comp., S&M Exp. (Total)	-	-	73.89L	4L	-
Stock-Based Comp., G&A Exp. (Total)	-	-	5.8Cr	31.85L	-
Stock-Based Comp., Other (Total)	-	-	1T	-	-
Total Stock-Based Compensation	-	-	6.54Cr	35.91L	-

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	24Cr	31Cr	34Cr	36Cr	33Cr
Total Cash And Short Term Investments	24Cr	31Cr	34Cr	36Cr	33Cr
Accounts Receivable, Total	5.45Cr	6.25Cr	8.89Cr	11Cr	15Cr
Other Receivables	7.73Cr	4.17Cr	2.94Cr	3.68Cr	3.65Cr
Total Receivables	13Cr	10Cr	12Cr	14Cr	19Cr
Inventory	36Cr	54Cr	60Cr	62Cr	70Cr
Prepaid Expenses	22.61L	98.52L	92.88L	1.75Cr	2.13Cr
Other Current Assets, Total	26.02L	31.09L	1.34Cr	2.29Cr	3.12Cr
Total Current Assets	73Cr	96Cr	108.05Cr	116.33Cr	127.54Cr
Gross Property Plant And Equipment	27Cr	38Cr	51Cr	65Cr	76Cr
Accumulated Depreciation	-1.6Cr	-6.21Cr	-10Cr	-16Cr	-22Cr
Net Property Plant And Equipment	25Cr	32Cr	41Cr	49Cr	54Cr
Goodwill	155.67Cr	167.43Cr	159.39Cr	155.46Cr	151.23Cr
Other Intangibles, Total	168.58Cr	181.52Cr	170.57Cr	163.94Cr	157.72Cr
Deferred Tax Assets Long-Term	-	45.9L	-	1L	1.16Cr
Other Long-Term Assets, Total	4.17Cr	1.61Cr	3.82Cr	3.74Cr	2.84Cr
Total Assets	426.75Cr	478.86Cr	482.75Cr	488.49Cr	494.21Cr
Liabilities
Accounts Payable, Total	6.64Cr	5.73Cr	7.96Cr	7.47Cr	7.21Cr
Accrued Expenses, Total	3.94Cr	4.35Cr	6.73Cr	4.1Cr	4.74Cr
Current Portion of Long-Term Debt	4.17Cr	5.67Cr	4.43Cr	2.53Cr	1.75Cr
Current Portion of Leases	2.33Cr	2.66Cr	2.7Cr	4.09Cr	4.36Cr
Current Income Taxes Payable	12.36L	5.07Cr	8.33Cr	14Cr	11Cr
Unearned Revenue Current, Total	38.12L	40.04L	96.98L	79.99L	61.95L
Other Current Liabilities	8.58Cr	8.51Cr	6.74Cr	11Cr	16Cr
Total Current Liabilities	26Cr	32Cr	38Cr	45Cr	45Cr
Long-Term Debt	178.17Cr	191.96Cr	181.57Cr	117Cr	112.8Cr
Long-Term Leases	7.7Cr	8.99Cr	10Cr	14Cr	15Cr
Unearned Revenue Non Current	-	-	1.06Cr	1.37Cr	1.37Cr
Pension & Other Post Retirement Benefits	24.8L	23.74L	27.16L	-	-
Deferred Tax Liability Non Current	7.9Cr	9.29Cr	11Cr	13Cr	16Cr
Other Non Current Liabilities	12.35L	20.72L	64.12L	35Cr	31Cr
Total Liabilities	220.31Cr	243.08Cr	242.69Cr	225.99Cr	221.94Cr
Common Stock, Total	18Cr	18Cr	18Cr	-	-
Additional Paid In Capital	189.44Cr	189.44Cr	189.44Cr	252.43Cr	199.23Cr
Retained Earnings	-3.62Cr	15Cr	23Cr	42Cr	77Cr
Treasury Stock	-	-	-	-36Cr	-
Comprehensive Income and Other	2.35Cr	13Cr	9.75Cr	3.89Cr	-3.55Cr
Total Common Equity	206.44Cr	235.78Cr	240.06Cr	262.5Cr	272.27Cr
Total Equity	206.44Cr	235.78Cr	240.06Cr	262.5Cr	272.27Cr
Total Liabilities And Equity	426.75Cr	478.86Cr	482.75Cr	488.49Cr	494.21Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	18Cr	18Cr	19Cr	19Cr	18Cr
ECS Total Common Shares Outstanding	18Cr	18Cr	18Cr	19Cr	18Cr
Book Value / Share	11.3	12.9	13.14	13.98	14.8
Tangible Book Value	-117.8Cr	-113.17Cr	-90Cr	-57Cr	-37Cr
Tangible Book Value Per Share	-6.45	-6.19	-4.92	-3.03	-1.99
Total Debt	192.37Cr	209.28Cr	199Cr	137.93Cr	133.84Cr
Net Debt	168.83Cr	178.58Cr	164.56Cr	102.35Cr	100.93Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	24.8L	23.74L	27.16L	-	-
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Raw Materials, Total	6.61Cr	7.8Cr	6.96Cr	6.17Cr	7.2Cr
Inventories - Work In Process, Total	2.24Cr	1.96Cr	2.31Cr	4.94Cr	6.45Cr
Inventories - Finished Goods, Total	27Cr	44Cr	50Cr	51Cr	57Cr
Land - (BS)	6.84Cr	7.31Cr	17Cr	17Cr	20Cr
Buildings, Total	2.59Cr	3.06Cr	4.22Cr	5.37Cr	6.83Cr
Machinery, Total	5.57Cr	6.66Cr	7.96Cr	11Cr	14Cr
Full Time Employees	-	4.4T	5.3T	6.2T	6.8T
Accumulated Allowance for Doubtful Accounts (Supple)	19.73L	20.73L	27.63L	19.24L	35.74L

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	-4.13Cr	19Cr	7.5Cr	19Cr	35Cr
Depreciation & Amortization - CF	4.44Cr	4.8Cr	5.48Cr	10Cr	8.31Cr
Amortization of Goodwill and Intangible Assets - (CF)	4.9Cr	6.1Cr	2.86Cr	-	2.87Cr
Depreciation & Amortization, Total	9.35Cr	11Cr	8.34Cr	10Cr	11Cr
Amortization of Deferred Charges, Total - (CF)	59.3L	61.02L	61.5L	2.84Cr	-
(Gain) Loss From Sale Of Asset	-	97T	-	2L	4L
Asset Writedown & Restructuring Costs	-	-	-	-	18.02L
Provision and Write-off of Bad Debts	12.26L	2L	-	-8L	17.2L
Other Operating Activities, Total	-4.59Cr	7.66Cr	27Cr	20Cr	7.39Cr
Change In Accounts Receivable	11Cr	-52.86L	-2.67Cr	-2.75Cr	-5.83Cr
Change In Inventories	18Cr	-16Cr	-9.56Cr	-4.8Cr	-8.91Cr
Change In Accounts Payable	-5.47Cr	1.12Cr	1.06Cr	1.25Cr	-6L
Change in Unearned Revenues	-60.77L	-4L	50.85L	11.57L	-18.22L
Change in Other Net Operating Assets	1.2Cr	85.75L	2.61Cr	-2.65Cr	-38.24L
Cash from Operations	26Cr	23Cr	36Cr	43Cr	38Cr
Capital Expenditure	-2.15Cr	-7.08Cr	-10Cr	-6.54Cr	-7.67Cr
Sale of Property, Plant, and Equipment	47.38L	19.77L	3L	18T	92T
Cash Acquisitions	-	-10.37L	-	-	-
Sale (Purchase) of Intangible assets	18.58L	-18.09L	-8L	-84.66L	-82.28L
Other Investing Activities, Total	-	-	18.47L	1.51Cr	59.03L
Cash from Investing	-1.49Cr	-7.16Cr	-10Cr	-5.88Cr	-7.9Cr
Long-Term Debt Issued, Total	-	-	-	63Cr	-
Total Debt Issued	-	-	-	63Cr	-
Long-Term Debt Repaid, Total	-1.26Cr	-3.49Cr	-8.16Cr	-133.38Cr	-9.29Cr
Total Debt Repaid	-3.01Cr	-3.49Cr	-8.16Cr	-133.38Cr	-9.29Cr
Issuance of Common Stock	-	-	-	45Cr	-
Repurchase of Common Stock	-	-	-	-	-18Cr
Other Financing Activities, Total	-20.66L	-7.04Cr	-12Cr	-10Cr	-6.09Cr
Cash from Financing	-3.22Cr	-11Cr	-20Cr	-36Cr	-33Cr
Foreign Exchange Rate Adjustments	77.28L	1.46Cr	-2.14Cr	-34.24L	-19.64L
Net Change in Cash	22Cr	7.17Cr	3.73Cr	1.14Cr	-2.68Cr
Supplemental Items
Cash Interest Paid	20.66L	7.04Cr	12Cr	9.95Cr	6.07Cr
Cash Income Tax Paid (Refund)	6.14Cr	1.84Cr	66.98L	1.48Cr	13Cr
Levered Free Cash Flow	-	8.79Cr	14Cr	26Cr	20Cr
Unlevered Free Cash Flow	-	14Cr	22Cr	31Cr	24Cr
Change In Net Working Capital	-	11Cr	1.67Cr	-31.22L	13Cr
Net Debt Issued / Repaid	-3.01Cr	-3.49Cr	-8.16Cr	-70Cr	-9.29Cr

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	4.72	3.95	5.77	7.04
Return on Total Capital	-	5.07	4.3	6.67	8.58
Return On Equity %	-	8.46	3.15	7.62	13.03
Return on Common Equity	-	8.46	3.15	7.62	13.03
Margin Analysis
Gross Profit Margin %	56.6	62.29	62.05	58.77	59.18
SG&A Margin	32.9	34.89	41.55	33.97	32.83
EBITDA Margin %	29.61	34.07	23.75	28.1	29.52
EBITA Margin %	27.76	32.44	22.3	24.83	27.75
EBIT Margin %	23.34	27.53	20.39	24.83	26.38
Income From Continuing Operations Margin %	-3.72	15.06	5.03	10.62	16.61
Net Income Margin %	-3.72	15.06	5.03	10.62	16.61
Net Avail. For Common Margin %	-3.72	15.06	5.03	10.62	16.61
Normalized Net Income Margin	13.46	13.84	6.75	10.43	14.06
Levered Free Cash Flow Margin	-	7.07	9.69	14.24	9.41
Unlevered Free Cash Flow Margin	-	11.04	14.7	17.41	11.66
Asset Turnover
Asset Turnover	-	0.27	0.31	0.37	0.43
Fixed Assets Turnover	-	4.36	4.1	4.01	4.08
Receivables Turnover (Average Receivables)	-	21.25	19.7	18.57	16.24
Inventory Turnover (Average Inventory)	-	1.05	1	1.22	1.29
Short Term Liquidity
Current Ratio	2.79	2.96	2.85	2.6	2.81
Quick Ratio	1.4	1.27	1.22	1.11	1.14
Operating Cash Flow to Current Liabilities	0.98	0.72	0.95	0.96	0.85
Days Sales Outstanding (Average Receivables)	-	17.18	18.53	19.71	22.48
Days Outstanding Inventory (Average Inventory)	-	348.45	364.5	300.05	283.31
Average Days Payable Outstanding	-	35.01	39.93	36.48	28.63
Cash Conversion Cycle (Average Days)	-	330.61	343.1	283.28	277.16
Long Term Solvency
Total Debt/Equity	93.18	88.76	82.9	52.55	49.16
Total Debt / Total Capital	48.24	47.02	45.32	34.45	32.96
LT Debt/Equity	90.03	85.23	79.93	50.02	46.91
Long-Term Debt / Total Capital	46.61	45.15	43.7	32.79	31.45
Total Liabilities / Total Assets	51.62	50.76	50.27	46.26	44.91
EBIT / Interest Expense	2.95	3.86	2.35	3.27	7.32
EBITDA / Interest Expense	4.01	5.08	2.99	4.01	8.8
(EBITDA - Capex) / Interest Expense	3.76	4.29	2.21	3.53	7.78
Total Debt / EBITDA	5.45	4.64	5.13	2.51	2.01
Net Debt / EBITDA	4.79	3.96	4.25	1.86	1.52
Total Debt / (EBITDA - Capex)	5.81	5.5	6.97	2.85	2.28
Net Debt / (EBITDA - Capex)	5.1	4.69	5.77	2.11	1.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	11.93	20.04	20.96	16.22
Gross Profit, 1 Yr. Growth %	-	23.18	19.59	14.57	16.93
EBITDA, 1 Yr. Growth %	-	28.77	-16.27	32.74	22.09
EBITA, 1 Yr. Growth %	-	30.8	-17.41	35.02	21.93
EBIT, 1 Yr. Growth %	-	32.02	-11.04	35.02	23.21
Earnings From Cont. Operations, 1 Yr. Growth %	-	-553.14	-59.91	155.39	81.8
Net Income, 1 Yr. Growth %	-	-553.14	-59.91	155.39	81.8
Normalized Net Income, 1 Yr. Growth %	-	15.1	-41.41	59.51	56.15
Diluted EPS Before Extra, 1 Yr. Growth %	-	-551.36	-59.8	148.78	83.1
Accounts Receivable, 1 Yr. Growth %	-	14.83	42.22	18.58	44.97
Inventory, 1 Yr. Growth %	-	49.1	11.11	4.99	12.74
Net Property, Plant and Equip., 1 Yr. Growth %	-	26.32	28.41	19.84	9.6
Total Assets, 1 Yr. Growth %	-	12.21	0.81	1.19	1.17
Tangible Book Value, 1 Yr. Growth %	-	-3.94	-20.55	-36.71	-35.54
Common Equity, 1 Yr. Growth %	-	14.21	1.81	9.35	3.72
Cash From Operations, 1 Yr. Growth %	-	-8.28	53.22	19.5	-10.36
Capital Expenditures, 1 Yr. Growth %	-	229.32	44.33	-35.94	17.26
Levered Free Cash Flow, 1 Yr. Growth %	-	-	64.79	58.7	-13.53
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	59.98	32.76	-22.07
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	15.91	20.5	18.57
Gross Profit, 2 Yr. CAGR %	-	-	21.37	18.94	15.79
EBITDA, 2 Yr. CAGR %	-	-	3.8	12.78	22.78
EBITA, 2 Yr. CAGR %	-	-	3.9	18.81	27.87
EBIT, 2 Yr. CAGR %	-	-	8.33	18.81	30.01
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	34.79	1.19	115.48
Net Income, 2 Yr. CAGR %	-	-	34.79	1.19	115.48
Normalized Net Income, 2 Yr. CAGR %	-	-	-17.93	9.66	60.02
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	34.7	0	113.43
Accounts Receivable, 2 Yr. CAGR %	-	-	27.79	29.86	31.11
Inventory, 2 Yr. CAGR %	-	-	28.71	8.01	8.8
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	27.36	24.05	14.61
Total Assets, 2 Yr. CAGR %	-	-	6.36	1	1.18
Tangible Book Value, 2 Yr. CAGR %	-	-	-12.64	-29.09	-36.13
Common Equity, 2 Yr. CAGR %	-	-	7.83	5.51	6.5
Cash From Operations, 2 Yr. CAGR %	-	-	18.54	35.31	3.5
Capital Expenditures, 2 Yr. CAGR %	-	-	118.01	-3.85	-13.33
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	139.64	13.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	82.72	2.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	17.57	19.06
Gross Profit, 3 Yr. CAGR %	-	-	-	19.06	18.29
EBITDA, 3 Yr. CAGR %	-	-	-	15.54	15.8
EBITA, 3 Yr. CAGR %	-	-	-	13.29	22.38
EBIT, 3 Yr. CAGR %	-	-	-	20.03	20.34
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	66.79	23.02
Net Income, 3 Yr. CAGR %	-	-	-	66.79	23.02
Normalized Net Income, 3 Yr. CAGR %	-	-	-	8.01	23.49
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	65.26	22.34
Accounts Receivable, 3 Yr. CAGR %	-	-	-	24.65	34.71
Inventory, 3 Yr. CAGR %	-	-	-	20.26	9.56
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	24.8	19.04
Total Assets, 3 Yr. CAGR %	-	-	-	4.61	1.06
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-21.54	-31.31
Common Equity, 3 Yr. CAGR %	-	-	-	8.34	4.91
Cash From Operations, 3 Yr. CAGR %	-	-	-	18.86	17.96
Capital Expenditures, 3 Yr. CAGR %	-	-	-	44.94	2.73
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	64
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	37.49