What is Skechers U.S.A., Inc.'s earnings per share (EPS)?

Skechers U.S.A., Inc. (SKX) reported diluted earnings per share of $4.16 for fiscal year 2024. This represents a 19.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Skechers U.S.A., Inc. (SKX) Financials

SKX

Trailing 12 months to June 30, 2025

Revenue $9.4B +12.1% YoY

Net Income $665.5M +14.8% YoY

EPS (Diluted) $4.39 +17.7% YoY

Free Cash Flow $63.2M -92.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2025, ended Jun 30, 2025 Reported Aug 8, 2025 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2025, filed Aug 8, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SKX SEC filings page.

Skechers U.S.A., Inc. (SKX) reported $9.4B in revenue over the twelve months to Jun 30, 2025, up 12.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SKX FY2024 2026-10-03

Skechers has expanded sales and margins, but growth now requires more inventory and capital, making cash generation less smooth.

Profit quality looks better than the headline cash swings suggest: in FY2024, operating cash flow of $687M exceeded net income of $639M, indicating earnings were broadly realized in cash. Yet free cash flow fell to $271M from $907M in FY2023 as heavier capital spending absorbed more operating cash, so reinvestment—not weak accounting earnings—explains much of the uneven cash available.

Revenue rose from $8.0B in FY2023 to $9.0B in FY2024, providing more volume for the cost base to absorb. Gross margin expansion to 53.2% from 51.9% indicates improved sales economics, while operating margin reached 10.1%, showing more gross profit remained after overhead.

The balance sheet became less debt-dependent: debt-to-equity fell from 0.1x in FY2023 to 0.0x in FY2024, reducing financing claims on equity. Inventory climbed from $1.5B to $1.9B, while the current ratio narrowed to 2.0x, tying more working capital to merchandise despite lower debt.

Financial Health Signals

Financial Health Score 69/100

Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Skechers U.S.A., Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Skechers U.S.A., Inc. has an operating margin of 10.1%, meaning the company retains $10 of operating profit per $100 of revenue. This strong profitability earns a score of 72/100, reflecting efficient cost management and pricing power. This is up from 9.8% the prior year.

Growth

Skechers U.S.A., Inc.'s revenue grew 12.1% year-over-year to $9.0B, a solid pace of expansion. This earns a growth score of 64/100.

Leverage

Skechers U.S.A., Inc. carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Skechers U.S.A., Inc.'s current ratio of 1.97 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Skechers U.S.A., Inc. has a free cash flow margin of 3.0%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Skechers U.S.A., Inc. earns a strong 14.9% return on equity (ROE), meaning it generates $15 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 81/100. This is up from 13.6% the prior year.

Altman Z-Score Safe

4.03

Skechers U.S.A., Inc. scores 4.03, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

Skechers U.S.A., Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.07x

For every $1 of reported earnings, Skechers U.S.A., Inc. generates $1.07 in operating cash flow ($687.4M OCF vs $639.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

41.29x

Skechers U.S.A., Inc. earns $41.29 in operating income for every $1 of interest expense ($904.3M vs $21.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.4B

YoY+13.1%

QoQ+1.2%

5Y CAGR+27.3%

10Y CAGR+11.8%

Skechers U.S.A., Inc. generated $2.4B in revenue in Q2 2025. This represents an increase of 13.1% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

EBITDA

$233.2M

YoY-9.2%

QoQ-27.6%

Skechers U.S.A., Inc.'s EBITDA was $233.2M in Q2 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.2% from the same quarter a year earlier. Against the prior quarter it is down 27.6%.

Net Income

$170.5M

YoY+21.5%

QoQ-15.8%

10Y CAGR+7.9%

Skechers U.S.A., Inc. reported $170.5M in net income in Q2 2025. This represents an increase of 21.5% from the same quarter a year earlier. Against the prior quarter it is down 15.8%.

EPS (Diluted)

$1.13

YoY+24.2%

QoQ-15.7%

10Y CAGR+8.1%

Skechers U.S.A., Inc. earned $1.13 per diluted share (EPS) in Q2 2025. This represents an increase of 24.2% from the same quarter a year earlier. Against the prior quarter it is down 15.7%.

Cash & Balance Sheet

Free Cash Flow

$370.2M

YoY-11.8%

QoQ+246.5%

5Y CAGR+9.4%

10Y CAGR+12.2%

Skechers U.S.A., Inc. generated $370.2M in free cash flow in Q2 2025, representing cash available after capex. This represents a decrease of 11.8% from the same quarter a year earlier. Against the prior quarter it is up 246.5%.

Cash & Debt

$1.4B

YoY+7.6%

QoQ+38.7%

5Y CAGR+0.4%

10Y CAGR+10.4%

Skechers U.S.A., Inc. held $1.4B in cash against $88.0M in long-term debt as of Q2 2025, with $2.3B of liabilities due within a year.

Shares Outstanding

Diluted avg 151M

Skechers U.S.A., Inc. had a weighted average of 151M diluted shares in Q2 2025; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2025.

Margins & Returns

Gross Margin

53.3%

YoY-1.6pp

QoQ+1.3pp

5Y change+2.8pp

10Y change+6.5pp

Skechers U.S.A., Inc.'s gross margin was 53.3% in Q2 2025, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Operating Margin

7.1%

YoY-2.5pp

QoQ-3.9pp

Skechers U.S.A., Inc.'s operating margin was 7.1% in Q2 2025, reflecting core business profitability. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.9 percentage points.

Net Margin

7.0%

YoY+0.5pp

QoQ-1.4pp

5Y change+16.3pp

10Y change-3.0pp

Skechers U.S.A., Inc.'s net profit margin was 7.0% in Q2 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.

Return on Equity

3.6%

YoY+0.3pp

QoQ-0.9pp

5Y change+6.6pp

10Y change-3.0pp

Skechers U.S.A., Inc.'s ROE was 3.6% in Q2 2025, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.

Capital Allocation

Share Buybacks

YoY-100.0%

Skechers U.S.A., Inc. repurchased no shares in Q2 2025. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$183.6M

YoY+63.3%

QoQ+24.8%

5Y CAGR+19.7%

10Y CAGR+25.9%

Skechers U.S.A., Inc. invested $183.6M in capex in Q2 2025, funding long-term assets and infrastructure. This represents an increase of 63.3% from the same quarter a year earlier. Against the prior quarter it is up 24.8%.

R&D Spending

Not reported for Q2 2025.

SKX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SKX quarterly income statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$9.4B	$9.0B+12.1%	$8.0B+7.5%	$7.4B+18.0%	$6.3B+36.8%	$4.6B-11.6%	$5.2B+12.5%	$4.6B+11.5%	$4.2B+16.9%	$3.6B+13.2%	$3.1B+32.4%	$2.4B+28.8%	$1.8B+18.3%	$1.6B-2.8%	$1.6B-20.0%	$2.0B
Cost of Revenue	$4.5B	$4.2B+9.2%	$3.8B-2.1%	$3.9B+23.3%	$3.2B+32.3%	$2.4B-11.8%	$2.7B+12.8%	$2.4B+8.7%	$2.2B+15.4%	$1.9B+11.9%	$1.7B+32.0%	$1.3B+27.1%	$1.0B+17.2%	$877.0M-10.7%	$982.3M-10.3%	$1.1B
Gross Profit	$5.0B	$4.8B+14.8%	$4.2B+18.1%	$3.5B+12.5%	$3.1B+41.6%	$2.2B-11.5%	$2.5B+12.0%	$2.2B+14.7%	$1.9B+18.6%	$1.6B+14.8%	$1.4B+32.8%	$1.1B+30.9%	$818.8M+19.8%	$683.3M+9.6%	$623.7M-31.6%	$911.9M
SG&A Expenses	$3.3B	$3.1B+13.8%	$2.7B+12.8%	$2.4B+17.7%	$2.0B-2.2%	$2.1B+3.9%	$2.0B+10.5%	$1.8B+45.0%	$1.2B+22.0%	$1.0B+20.2%	$849.3M+22.9%	$690.9M+19.2%	$579.4M+8.7%	$533.2M-6.3%	$569.2M+6.8%	$533.0M
Operating Income	$837.1M	$904.3M+15.2%	$784.8M+43.6%	$546.7M-8.6%	$598.2M+347.5%	$133.7M-74.2%	$518.4M+18.4%	$437.8M+14.3%	$382.9M+3.3%	$370.5M+5.6%	$350.8M+67.8%	$209.1M+123.3%	$93.6M+319.4%	$22.3M+116.7%	-$133.8M-168.4%	$195.6M
EBITDA	N/A	$1.1B+15.4%	$966.7M+38.0%	$700.4M-5.1%	$737.8M+166.8%	$276.5M-56.1%	$630.0M+15.1%	$547.4M+14.2%	$479.4M+9.8%	$436.6M+8.3%	$403.3M+57.1%	$256.6M+88.7%	$136.0M+110.0%	$64.8M+165.7%	-$98.6M-144.4%	$222.0M
Interest Expense	$28.4M	$21.9M-2.2%	$22.4M+13.7%	$19.7M+32.2%	$14.9M-8.6%	$16.3M+117.3%	$7.5M+28.3%	$5.8M-12.4%	$6.7M+6.5%	$6.3M-41.6%	$10.7M-13.9%	$12.5M+4.8%	$11.9M-10.8%	$13.3M+69.7%	$7.9M+159.9%	$3.0M
Income Tax	$151.9M	$148.1M-1.9%	$150.9M+62.1%	$93.1M+137.9%	-$245.9M-2992.0%	$8.5M-90.4%	$88.8M+46.4%	$60.6M-59.4%	$149.2M+101.2%	$74.1M+2.3%	$72.5M+84.9%	$39.2M+83.6%	$21.3M+54835.9%	-$39K+99.9%	-$63.5M-205.4%	$60.2M
Net Income	$665.5M	$639.5M+17.2%	$545.8M+46.3%	$373.0M-49.7%	$741.5M+652.3%	$98.6M-71.6%	$346.6M+15.1%	$301.0M+68.0%	$179.2M-26.4%	$243.5M+5.0%	$231.9M+67.1%	$138.8M+153.4%	$54.8M+476.0%	$9.5M+114.1%	-$67.5M-149.6%	$136.1M
EPS (Basic)	N/A	$4.21+19.3%	$3.53+47.1%	$2.40-49.7%	$4.77+645.3%	$0.64-71.7%	$2.26+17.1%	$1.93+67.8%	$1.15-27.2%	$1.58+3.9%	$1.52+67.0%	$0.91+152.8%	$0.36+89.5%	$0.19+113.7%	-$1.39-148.4%	$2.87
EPS (Diluted)	$4.39	$4.16+19.2%	$3.49+46.6%	$2.38-49.7%	$4.73+639.1%	$0.64-71.6%	$2.25+17.2%	$1.92+68.4%	$1.14-27.4%	$1.57+4.7%	$1.50+64.8%	$0.91+152.8%	$0.36	$0.19+113.7%	-$1.39-150.0%	$2.78
Diluted Shares (Avg)	N/A	154M-1.5%	156M-0.2%	157M-0.1%	157M+1.2%	155M+0.5%	154M-1.5%	156M0.0%	157M+0.9%	155M+0.6%	154M+0.7%	153M+0.9%	152M	50M+3.0%	48M-1.1%	49M

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Revenue	$2.4B+13.1%	$2.4B+7.1%	$2.2B+12.8%	$2.3B+15.9%	$2.2B+7.2%	$2.3B+12.5%	$2.0B+4.4%	$2.0B+7.8%
Cost of Revenue	$1.1B+17.0%	$1.2B+8.2%	$1.0B+12.5%	$1.1B+18.0%	$973.2M+2.2%	$1.1B+4.6%	$919.6M-5.1%	$953.0M-4.2%
Gross Profit	$1.3B+9.9%	$1.3B+6.2%	$1.2B+13.1%	$1.2B+14.1%	$1.2B+11.7%	$1.2B+20.7%	$1.0B+14.5%	$1.1B+21.3%
SG&A Expenses	$876.3M+18.1%	$804.2M+10.7%	$815.7M+12.0%	$778.5M+14.4%	$742.0M+13.2%	$726.3M+15.9%	$728.2M+9.5%	$680.4M+12.8%
Operating Income	$173.1M-16.2%	$265.1M-11.3%	$165.5M+27.0%	$233.4M+9.5%	$206.5M-5.1%	$298.8M+33.6%	$130.3M+50.4%	$213.2M+64.0%
EBITDA	$233.2M-9.2%	$322.2M-7.5%	$223.7M+23.8%	$287.1M+10.7%	$256.9M-1.8%	$348.1M+31.4%	$180.7M+39.3%	$259.3M+53.8%
Interest Expense	$9.4M+100.0%	$6.5M+38.3%	$6.5M+16.1%	$6.0M+5.3%	$4.7M-21.7%	$4.7M-7.8%	$5.6M+1.8%	$5.7M+11.8%
Income Tax	$35.9M-11.1%	$64.6M+14.6%	$15.4M-46.1%	$36.0M-10.4%	$40.4M+3.6%	$56.4M+30.4%	$28.6M+189.8%	$40.2M+96.1%
Net Income	$170.5M+21.5%	$202.4M-2.0%	$99.3M+13.9%	$193.2M+32.9%	$140.3M-8.2%	$206.6M+28.8%	$87.2M+15.4%	$145.4M+69.3%
EPS (Basic)	$1.14+23.9%	$1.350.0%	$0.67+17.5%	$1.27+35.1%	$0.92-7.1%	$1.35+31.1%	$0.57+16.3%	$0.94+70.9%
EPS (Diluted)	$1.13+24.2%	$1.34+0.8%	$0.66+17.9%	$1.26+35.5%	$0.91-7.1%	$1.33+30.4%	$0.56+16.7%	$0.93+69.1%
Diluted Shares (Avg)	151M-1.9%	151M-2.3%	N/A	154M-1.6%	154M-1.5%	155M-1.0%	N/A	156M0.0%

Not reported in any period shown, so not listed: R&D Expenses.

SKX Balance Sheet

SKX quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$8.5B+12.0%	$7.5B+9.5%	$6.9B+6.2%	$6.5B+11.7%	$5.8B+18.8%	$4.9B+51.6%	$3.2B+18.0%	$2.7B+14.3%	$2.4B+17.3%	$2.0B+21.8%	$1.7B+18.9%	$1.4B+5.1%	$1.3B+4.6%	$1.3B-1.8%	$1.3B
Current Assets	$4.4B+12.6%	$4.0B+8.4%	$3.6B+8.1%	$3.4B+0.8%	$3.3B+18.6%	$2.8B+14.1%	$2.5B+17.4%	$2.1B+15.2%	$1.8B+18.1%	$1.5B+20.5%	$1.3B+26.6%	$1.0B+7.9%	$940.3M+6.0%	$887.4M-8.8%	$973.4M
Cash & Equivalents	$1.1B-6.2%	$1.2B+93.3%	$615.7M-22.7%	$796.3M-41.9%	$1.4B+66.2%	$824.9M-5.4%	$872.2M+18.4%	$736.4M+2.5%	$718.5M+41.4%	$508.0M+8.9%	$466.7M+25.4%	$372.0M+14.2%	$325.8M-7.2%	$351.1M+50.3%	$233.6M
Short-Term Investments	$118.5M+63.2%	$72.6M-28.9%	$102.2M+3.6%	$98.6M-2.2%	$100.8M-10.1%	$112.0M+12.0%	$100.0M	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.9B+25.8%	$1.5B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$339.0M+49.7%	$226.4M-43.2%	$398.6M
Accounts Receivable	$990.6M+15.1%	$860.3M+1.4%	$848.3M+15.8%	$732.8M+18.2%	$619.8M-4.0%	$645.3M+28.6%	$501.9M+23.6%	$405.9M+24.2%	$326.8M-5.0%	$343.9M+26.4%	$272.1M+20.4%	$225.9M+5.7%	$213.7M+21.4%	$176.0M-33.8%	$266.1M
Long-Term Investments	$146.7M+18.3%	$124.0M+75.9%	$70.5M-51.6%	$145.6M+34.3%	$108.4M+14.6%	$94.6M+0.9%	$93.7M0.0%	$93.7M	$0	$0	$0	$0	$0	$0	$0
Goodwill	$94.5M-6.7%	$101.2M+8.3%	$93.5M0.0%	$93.5M0.0%	$93.5M+30.9%	$71.4M	N/A	N/A	N/A	N/A	$1.6M0.0%	$1.6M0.0%	$1.6M0.0%	$1.6M0.0%	$1.6M
Total Liabilities	$3.6B+15.5%	$3.1B+4.1%	$3.0B+2.5%	$2.9B-4.5%	$3.1B+31.0%	$2.4B+126.8%	$1.0B+32.0%	$786.9M+11.1%	$708.2M+6.6%	$664.1M+22.8%	$540.8M+26.2%	$428.6M+1.8%	$421.1M+8.2%	$389.4M+8.5%	$359.0M
Current Liabilities	$2.3B+35.9%	$1.7B+3.0%	$1.6B+11.6%	$1.4B+19.2%	$1.2B-2.1%	$1.2B+45.6%	$850.2M+42.3%	$597.3M-3.9%	$621.7M+7.7%	$577.0M+14.1%	$505.7M+62.9%	$310.4M+6.1%	$292.5M-5.2%	$308.5M+0.4%	$307.3M
Non-Current Liabilities	$1.4B-7.2%	$1.5B+5.5%	$1.4B-6.3%	$1.5B-19.8%	$1.9B+67.5%	$1.1B+492.6%	$188.8M-0.4%	$189.5M+119.3%	$86.4M-0.8%	$87.1M+148.4%	$35.1M-70.3%	$118.2M-8.1%	$128.6M+59.0%	$80.9M+56.6%	$51.6M
Long-Term Debt	$68.5M-71.8%	$242.9M+12.2%	$216.5M-17.8%	$263.4M-61.2%	$679.4M+1281.4%	$49.2M-44.2%	$88.1M+23.9%	$71.1M+5.9%	$67.2M-2.6%	$68.9M+357.1%	$15.1M-87.1%	$116.5M-9.4%	$128.5M+67.9%	$76.5M+48.2%	$51.6M
Total Equity	$4.3B+6.4%	$4.0B+12.6%	$3.6B+9.5%	$3.3B+31.3%	$2.5B+7.2%	$2.3B+13.7%	$2.0B+11.3%	$1.8B+14.1%	$1.6B+20.8%	$1.3B+23.5%	$1.1B+15.6%	$930.3M+6.2%	$876.0M+2.7%	$852.6M-6.1%	$908.2M
Retained Earnings	$4.4B+16.8%	$3.8B+16.8%	$3.3B+13.0%	$2.9B+34.7%	$2.1B+4.8%	$2.0B+20.5%	$1.7B+21.7%	$1.4B+14.8%	$1.2B+25.2%	$967.6M+31.5%	$735.6M+23.3%	$596.8M+10.1%	$542.0M+1.8%	$532.5M-11.2%	$600.0M

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Total Assets	$9.3B+16.3%	$8.7B+14.4%	$8.5B+12.0%	$8.6B+19.4%	$8.0B+12.2%	$7.6B+7.4%	$7.5B+9.5%	$7.2B+8.4%
Current Assets	$4.9B+14.0%	$4.5B+13.7%	$4.4B+12.6%	$4.7B+24.7%	$4.3B+15.9%	$3.9B+5.9%	$4.0B+8.4%	$3.8B+5.2%
Cash & Equivalents	$1.4B+7.6%	$993.1M-2.7%	$1.1B-6.2%	$1.4B+23.1%	$1.3B+42.8%	$1.0B+34.3%	$1.2B+93.3%	$1.1B+116.5%
Short-Term Investments	$106.3M-18.3%	$107.6M+21.5%	$118.5M+63.2%	$113.8M+77.6%	$130.1M+61.3%	$88.6M-1.1%	$72.6M-28.9%	$64.1M-37.8%
Inventory	$1.9B	$1.8B	$1.9B+25.8%	N/A	N/A	N/A	$1.5B	N/A
Accounts Receivable	$1.1B+11.9%	$1.3B+8.8%	$990.6M+15.1%	$1.2B+27.7%	$1.0B+9.3%	$1.2B+10.0%	$860.3M+1.4%	$929.4M-0.5%
Long-Term Investments	$157.5M+14.6%	$137.4M-4.2%	$146.7M+18.3%	$130.5M+20.2%	$137.4M+42.2%	$143.5M+77.7%	$124.0M+75.9%	$108.5M+54.5%
Goodwill	$103.9M+2.7%	$96.3M-4.8%	$94.5M-6.7%	$99.8M-1.4%	$101.2M-0.2%	$101.2M+8.3%	$101.2M+8.3%	$101.2M+8.3%
Total Liabilities	$3.9B+15.9%	$3.6B+18.6%	$3.6B+15.5%	$3.7B+27.2%	$3.4B+15.5%	$3.0B+0.5%	$3.1B+4.1%	$2.9B+0.2%
Current Liabilities	$2.3B+12.4%	$2.1B+28.0%	$2.3B+35.9%	$2.4B+60.5%	$2.1B+39.5%	$1.6B+6.7%	$1.7B+3.0%	$1.5B-5.3%
Non-Current Liabilities	$1.6B+21.4%	$1.5B+7.3%	$1.4B-7.2%	$1.3B-7.3%	$1.3B-9.2%	$1.4B-6.0%	$1.5B+5.5%	$1.4B+6.5%
Long-Term Debt	$88.0M+92.5%	$82.4M-26.8%	$68.5M-71.8%	$49.4M-79.4%	$45.7M-80.7%	$112.5M-51.1%	$242.9M+12.2%	$239.6M+6.2%
Total Equity	$4.8B+13.1%	$4.5B+8.8%	$4.3B+6.4%	$4.4B+10.3%	$4.2B+9.9%	$4.1B+11.6%	$4.0B+12.6%	$4.0B+14.3%
Retained Earnings	$4.8B+16.1%	$4.6B+15.9%	$4.4B+16.8%	$4.3B+16.9%	$4.1B+16.3%	$4.0B+17.4%	$3.8B+16.8%	$3.7B+16.8%

SKX Cash Flow Statement

SKX quarterly cash flow statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	$641.1M	$687.4M-44.2%	$1.2B+416.6%	$238.3M+12.3%	$212.2M-36.0%	$331.5M-22.3%	$426.6M-25.0%	$568.6M+256.8%	$159.3M-55.9%	$361.6M+55.7%	$232.2M+41.7%	$163.9M+65.6%	$99.0M+2971.4%	-$3.4M-102.1%	$164.9M+448.1%	-$47.4M
Depreciation & Amortization	N/A	$211.5M+16.3%	$181.9M+18.4%	$153.7M+10.1%	$139.6M-2.3%	$142.8M+28.1%	$111.5M+1.7%	$109.7M+13.6%	$96.5M+46.0%	$66.1M+26.0%	$52.4M+10.3%	$47.6M+12.2%	$42.4M-0.1%	$42.4M+20.5%	$35.2M+33.5%	$26.4M
Stock-Based Compensation	N/A	$86.7M+27.5%	$68.0M+13.5%	$59.9M-0.4%	$60.1M-7.9%	$65.2M+58.8%	$41.1M+34.8%	$30.5M+5.4%	$28.9M+25.2%	$23.1M+26.2%	$18.3M+110.7%	$8.7M+263.7%	$2.4M-79.3%	$11.5M-19.5%	$14.3M+4.2%	$13.7M
Capital Expenditures	$578.0M	$416.8M+28.8%	$323.7M-9.8%	$359.0M+15.9%	$309.7M-0.1%	$309.9M+31.3%	$236.1M+65.1%	$143.0M+5.2%	$136.0M+13.8%	$119.5M+1.1%	$118.1M+107.6%	$56.9M+37.8%	$41.3M-21.3%	$52.5M-57.1%	$122.2M+48.6%	$82.3M
Free Cash Flow	$63.2M	$270.6M-70.2%	$907.4M+852.0%	-$120.7M-23.7%	-$97.5M-552.8%	$21.5M-88.7%	$190.4M-55.2%	$425.5M+1721.5%	$23.4M-90.4%	$242.2M+112.3%	$114.1M+6.6%	$107.0M+85.5%	$57.7M+203.2%	-$55.9M-231.0%	$42.7M+132.9%	-$129.6M
Investing Cash Flow	-$559.9M	-$485.4M-16.1%	-$418.0M-45.4%	-$287.5M+16.6%	-$344.7M-10.3%	-$312.5M+9.2%	-$344.1M-7.7%	-$319.4M-131.0%	-$138.3M+5.1%	-$145.6M	N/A	N/A	-$41.4M+21.1%	-$52.5M+50.1%	-$105.1M-101.0%	-$52.3M
Financing Cash Flow	$10.4M	-$253.5M-8.0%	-$234.7M-98.8%	-$118.1M+72.8%	-$433.9M-181.4%	$533.3M+504.1%	-$132.0M-10.2%	-$119.7M-723.3%	-$14.5M-312.6%	-$3.5M	N/A	N/A	-$9.9M-133.3%	$29.8M-50.8%	$60.4M-10.4%	$67.4M
Share Buybacks	$210.1M	$330.1M+106.2%	$160.1M+115.6%	$74.2M	N/A	N/A	$30.0M-70.0%	$100.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Operating Cash Flow	$553.8M+4.1%	-$105.6M-180.9%	$232.7M-25.5%	-$39.7M-111.6%	$532.0M+56.4%	-$37.6M-116.0%	$312.5M+11.1%	$343.4M+273.8%
Depreciation & Amortization	$60.1M+19.4%	$57.1M+15.7%	$58.2M+15.5%	$53.7M+16.3%	$50.3M+14.5%	$49.3M+19.1%	$50.4M+17.1%	$46.1M+19.4%
Stock-Based Compensation	$24.4M+8.0%	$24.5M+18.2%	N/A	$20.3M+16.7%	$22.6M+33.7%	$20.7M+45.2%	N/A	$17.4M+79.4%
Capital Expenditures	$183.6M+63.3%	$147.1M+157.7%	$133.4M+56.9%	$113.9M+24.8%	$112.5M+47.5%	$57.1M-19.8%	$85.0M-10.9%	$91.3M-8.8%
Free Cash Flow	$370.2M-11.8%	-$252.7M-166.9%	$99.3M-56.3%	-$153.6M-160.9%	$419.6M+59.0%	-$94.7M-157.8%	$227.5M+22.4%	$252.1M+184.7%
Investing Cash Flow	-$188.0M-27.1%	-$127.0M-37.2%	-$154.3M-41.5%	-$90.7M-4.7%	-$147.9M+3.7%	-$92.6M-34.5%	-$109.0M-15.0%	-$86.6M-9.9%
Financing Cash Flow	-$11.0M+90.8%	$111.2M+355.8%	-$281.1M-142.2%	$191.4M+445.6%	-$120.3M-141.0%	-$43.5M-225.5%	-$116.1M-67.1%	-$55.4M-269.0%
Share Buybacks	$0-100.0%	$0-100.0%	$120.0M+100.0%	$90.0M+125.0%	$60.0M+100.0%	$60.0M+100.0%	$60.0M	$40.0M+60.0%

Not reported in any period shown, so not listed: Dividends Paid.

SKX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SKX quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Gross Margin	53.1%+1.2pp	51.9%+4.7pp	47.2%-2.3pp	49.5%+1.7pp	47.8%+0.1pp	47.7%-0.2pp	47.9%+1.3pp	46.6%+0.7pp	45.9%+0.6pp	45.3%+0.2pp	45.1%+0.7pp	44.4%+0.6pp	43.8%+4.9pp	38.8%-6.6pp	45.4%
Operating Margin	10.1%+0.3pp	9.8%+2.5pp	7.3%-2.1pp	9.5%+6.6pp	2.9%-7.0pp	9.9%+0.5pp	9.4%+0.2pp	9.2%-1.2pp	10.4%-0.8pp	11.2%+2.4pp	8.8%+3.7pp	5.1%+3.6pp	1.4%+9.8pp	-8.3%-18.1pp	9.7%
Net Margin	7.1%+0.3pp	6.8%+1.8pp	5.0%-6.7pp	11.8%+9.6pp	2.1%-4.5pp	6.6%+0.2pp	6.5%+2.2pp	4.3%-2.5pp	6.8%-0.5pp	7.4%+1.5pp	5.8%+2.9pp	3.0%+2.4pp	0.6%+4.8pp	-4.2%-11.0pp	6.8%
Return on Equity	14.9%+1.4pp	13.6%+3.1pp	10.4%-12.3pp	22.8%+18.8pp	4.0%-11.0pp	15.0%+0.2pp	14.8%+5.0pp	9.8%-5.4pp	15.2%-2.3pp	17.5%+4.6pp	12.9%+7.0pp	5.9%+4.8pp	1.1%+9.0pp	-7.9%-22.9pp	15.0%
Return on Assets	7.6%+0.3pp	7.2%+1.8pp	5.4%-6.0pp	11.4%+9.7pp	1.7%-5.4pp	7.1%-2.2pp	9.3%+2.8pp	6.6%-3.6pp	10.2%-1.2pp	11.4%+3.1pp	8.3%+4.4pp	3.9%+3.2pp	0.7%+6.0pp	-5.3%-15.7pp	10.4%
Current Ratio	1.97-0.4x	2.38+0.1x	2.26-0.1x	2.33-0.4x	2.76+0.5x	2.28-0.6x	2.91-0.6x	3.52+0.6x	2.94+0.3x	2.68+0.1x	2.54-0.7x	3.27+0.1x	3.21+0.3x	2.88-0.3x	3.17
Debt-to-Equity	0.020.0x	0.060.0x	0.060.0x	0.08-0.2x	0.27+0.3x	0.020.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.01-0.1x	0.130.0x	0.15+0.1x	0.090.0x	0.06
Asset Turnover	1.060.0x	1.060.0x	1.08+0.1x	0.97+0.2x	0.79-0.3x	1.07-0.4x	1.44-0.1x	1.520.0x	1.49-0.1x	1.54+0.1x	1.42+0.1x	1.31+0.1x	1.16-0.1x	1.25-0.3x	1.54
FCF Margin	3.0%-8.3pp	11.3%+13.0pp	-1.6%-0.1pp	-1.6%-2.0pp	0.5%-3.2pp	3.6%-5.5pp	9.2%+8.6pp	0.6%-6.2pp	6.8%+3.2pp	3.6%-0.9pp	4.5%+1.4pp	3.1%+6.7pp	-3.6%-6.2pp	2.7%+9.1pp	-6.5%

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Gross Margin	53.3%-1.6pp	52.0%-0.5pp	53.3%+0.1pp	52.1%-0.8pp	54.9%+2.2pp	52.5%+3.6pp	53.1%+4.7pp	52.9%+5.9pp
Operating Margin	7.1%-2.5pp	11.0%-2.3pp	7.5%+0.8pp	9.9%-0.6pp	9.6%-1.3pp	13.3%+2.1pp	6.6%+2.0pp	10.5%+3.6pp
Net Margin	7.0%+0.5pp	8.4%-0.8pp	4.5%0.0pp	8.2%+1.0pp	6.5%-1.1pp	9.2%+1.2pp	4.5%+0.4pp	7.2%+2.6pp
Return on Equity	3.6%+0.3pp	4.5%-0.5pp	2.3%+0.1pp	4.4%+0.8pp	3.3%-0.7pp	5.0%+0.7pp	2.2%+0.1pp	3.7%+1.2pp
Return on Assets	1.8%+0.1pp	2.3%-0.4pp	1.2%0.0pp	2.2%+0.2pp	1.8%-0.4pp	2.7%+0.5pp	1.2%+0.1pp	2.0%+0.7pp
Current Ratio	2.090.0x	2.13-0.3x	1.97-0.4x	1.96-0.6x	2.06-0.4x	2.390.0x	2.38+0.1x	2.52+0.3x
Debt-to-Equity	0.020.0x	0.020.0x	0.020.0x	0.010.0x	0.01-0.1x	0.030.0x	0.060.0x	0.060.0x
Asset Turnover	0.260.0x	0.280.0x	0.260.0x	0.270.0x	0.270.0x	0.300.0x	0.260.0x	0.280.0x
FCF Margin	15.2%-4.3pp	-10.5%-6.3pp	4.5%-7.1pp	-6.5%-19.0pp	19.4%+6.3pp	-4.2%-12.4pp	11.6%+1.7pp	12.4%+28.3pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Skechers U.S.A., Inc. SKX	FY2024	$9.0B	$639.5M	7.1%	$9.5B	69/100
Crocs, Inc. CROX	FY2025	$4.0B	-$81.2M	-2.0%	$5.6B	51/100
Steven Madden Ltd SHOO	FY2025	$2.5B	$44.7M	1.8%	$3.3B	60/100
Wolverine World Wide, Inc. WWW	FY2025	$1.9B	$95.8M	5.1%	$1.5B	37/100

Where Skechers U.S.A., Inc. Ranks

Frequently Asked Questions

What is Skechers U.S.A., Inc.'s annual revenue?

Skechers U.S.A., Inc. (SKX) reported $9.0B in total revenue for fiscal year 2024. This represents a 12.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Skechers U.S.A., Inc.'s revenue growing?

Skechers U.S.A., Inc. (SKX) revenue grew by 12.1% year-over-year, from $8.0B to $9.0B in fiscal year 2024.

Is Skechers U.S.A., Inc. profitable?

Yes, Skechers U.S.A., Inc. (SKX) reported a net income of $639.5M in fiscal year 2024, with a net profit margin of 7.1%.

What is Skechers U.S.A., Inc.'s EBITDA?

Skechers U.S.A., Inc. (SKX) had EBITDA of $1.1B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Skechers U.S.A., Inc. have?

As of fiscal year 2024, Skechers U.S.A., Inc. (SKX) had $1.1B in cash and equivalents against $68.5M in long-term debt.

What is Skechers U.S.A., Inc.'s gross margin?

Skechers U.S.A., Inc. (SKX) had a gross margin of 53.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Skechers U.S.A., Inc.'s operating margin?

Skechers U.S.A., Inc. (SKX) had an operating margin of 10.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Skechers U.S.A., Inc.'s net profit margin?

Skechers U.S.A., Inc. (SKX) had a net profit margin of 7.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Skechers U.S.A., Inc.'s return on equity (ROE)?

Skechers U.S.A., Inc. (SKX) has a return on equity of 14.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Skechers U.S.A., Inc.'s free cash flow?

Skechers U.S.A., Inc. (SKX) generated $270.6M in free cash flow during fiscal year 2024. This represents a -70.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Skechers U.S.A., Inc.'s operating cash flow?

Skechers U.S.A., Inc. (SKX) generated $687.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Skechers U.S.A., Inc.'s total assets?

Skechers U.S.A., Inc. (SKX) had $8.5B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Skechers U.S.A., Inc.'s capital expenditures?

Skechers U.S.A., Inc. (SKX) invested $416.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Skechers U.S.A., Inc. buy back shares?

Yes, Skechers U.S.A., Inc. (SKX) spent $330.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Skechers U.S.A., Inc.'s current ratio?

Skechers U.S.A., Inc. (SKX) had a current ratio of 1.97 as of fiscal year 2024, which is generally considered healthy.

What is Skechers U.S.A., Inc.'s debt-to-equity ratio?

Skechers U.S.A., Inc. (SKX) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Skechers U.S.A., Inc.'s return on assets (ROA)?

Skechers U.S.A., Inc. (SKX) had a return on assets of 7.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Skechers U.S.A., Inc.'s Altman Z-Score?

Skechers U.S.A., Inc. (SKX) has an Altman Z-Score of 4.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Skechers U.S.A., Inc.'s Piotroski F-Score?

Skechers U.S.A., Inc. (SKX) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Skechers U.S.A., Inc.'s earnings high quality?

Skechers U.S.A., Inc. (SKX) has an earnings quality ratio of 1.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Skechers U.S.A., Inc. cover its interest payments?

Skechers U.S.A., Inc. (SKX) has an interest coverage ratio of 41.29x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Skechers U.S.A., Inc.?

Skechers U.S.A., Inc. (SKX) scores 69 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.