Skechers U.S.A. (SKX) Financials

$62.07 +0.09 (+0.14%)

As of 01:07 PM Eastern

Annual Income Statements for Skechers U.S.A.

This table shows Skechers U.S.A.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	639	546	373	742	99	347	301	179	243	232
Consolidated Net Income / (Loss)	730	650	429	816	146	427	371	235	285	261
Net Income / (Loss) Continuing Operations	730	650	429	816	146	427	371	235	285	261
Total Pre-Tax Income	878	801	522	570	155	516	432	384	359	333
Total Operating Income	904	785	547	598	134	518	438	383	371	351
Total Gross Profit	4,767	4,152	3,515	3,124	2,206	2,491	2,224	1,939	1,635	1,424
Total Revenue	8,969	8,000	7,445	6,310	4,613	5,220	4,642	4,164	3,563	3,147
Operating Revenue	8,969	8,000	7,445	6,310	4,613	5,220	4,642	4,164	3,563	3,147
Total Cost of Revenue	4,202	3,848	3,929	3,186	2,408	2,729	2,418	2,225	1,929	1,723
Operating Cost of Revenue	4,202	3,848	3,929	3,186	2,408	2,729	2,418	2,225	1,929	1,723
Total Operating Expenses	3,863	3,368	2,969	2,526	2,072	1,973	1,786	1,556	1,264	1,073
Selling, General & Admin Expense	3,063	2,691	2,385	2,027	1,721	1,625	1,456	1,245	1,021	849
Marketing Expense	801	677	584	500	351	370	350	327	257	236
Total Other Income / (Expense), net	-27	16	-24	-28	21	-2.44	-5.88	1.38	-11	-17
Other Income / (Expense), net	-27	16	-24	-28	21	-2.44	-10	5.64	-5.95	-7.32
Income Tax Expense	148	151	93	-246	8.50	89	61	149	74	72
Net Income / (Loss) Attributable to Noncontrolling Interest	90	104	56	74	48	81	70	56	42	29
Basic Earnings per Share	$4.21	$3.53	$2.40	$4.77	$0.64	$2.26	$1.93	$1.15	$1.58	$1.52
Weighted Average Basic Shares Outstanding	151.84M	154.53M	155.63M	155.54M	154.18M	153.39M	155.82M	155.65M	154.17M	152.85M
Diluted Earnings per Share	$4.16	$3.49	$2.38	$4.73	$0.64	$2.25	$1.92	$1.14	$1.57	$1.50
Weighted Average Diluted Shares Outstanding	153.84M	156.26M	156.61M	156.79M	154.89M	154.15M	156.45M	156.52M	155.08M	154.20M
Weighted Average Basic & Diluted Shares Outstanding	149.35M	153.28M	155.28M	156.05M	157.75M	156.91M	156M	155.80M	154.10M	152.60M

This table shows Skechers U.S.A.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	202	99	193	140	207	87	145	153	160	76	86
Consolidated Net Income / (Loss)	225	115	209	165	240	112	166	182	190	93	94
Net Income / (Loss) Continuing Operations	225	115	209	165	240	112	166	182	190	93	94
Total Pre-Tax Income	290	131	245	205	297	141	206	221	234	102	115
Total Operating Income	265	166	233	207	299	130	213	218	224	87	130
Total Gross Profit	1,254	1,178	1,223	1,184	1,182	1,041	1,072	1,061	979	910	884
Total Revenue	2,412	2,212	2,348	2,158	2,252	1,961	2,025	2,013	2,002	1,879	1,878
Operating Revenue	2,412	2,212	2,348	2,158	2,252	1,961	2,025	2,013	2,002	1,879	1,878
Total Cost of Revenue	1,157	1,034	1,125	973	1,070	920	953	952	1,023	969	994
Operating Cost of Revenue	1,157	1,034	1,125	973	1,070	920	953	952	1,023	969	994
Total Operating Expenses	989	1,013	990	978	883	911	859	843	755	823	754
Selling, General & Admin Expense	804	816	778	742	726	728	680	656	626	665	603
Marketing Expense	185	197	211	236	157	183	178	187	129	158	151
Total Other Income / (Expense), net	25	-35	12	-1.65	-2.05	10	-7.06	2.79	9.92	16	-15
Other Income / (Expense), net	25	-35	12	-1.65	-2.05	10	-7.06	2.79	9.92	16	-15
Income Tax Expense	65	15	36	40	56	29	40	39	43	9.87	20
Net Income / (Loss) Attributable to Noncontrolling Interest	23	16	16	24	34	25	21	29	30	17	8.45
Basic Earnings per Share	$1.35	$0.67	$1.27	$0.92	$1.35	$0.57	$0.94	$0.99	$1.03	$0.49	$0.55
Weighted Average Basic Shares Outstanding	149.41M	151.84M	151.83M	152.50M	152.92M	154.53M	154.53M	154.97M	155.14M	155.63M	155.42M
Diluted Earnings per Share	$1.34	$0.66	$1.26	$0.91	$1.33	$0.56	$0.93	$0.98	$1.02	$0.48	$0.55
Weighted Average Diluted Shares Outstanding	151.50M	153.84M	153.66M	154.18M	155.12M	156.26M	156.20M	156.57M	156.76M	156.61M	156.23M
Weighted Average Basic & Diluted Shares Outstanding	149.60M	149.35M	150.97M	152.34M	152.52M	153.28M	153.98M	154.75M	154.73M	155.28M	155.10M

This table details how cash moves in and out of Skechers U.S.A.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-73	574	-181	-575	546	-47	129	18	212	48
Net Cash From Operating Activities	687	1,231	238	212	331	427	569	159	362	232
Net Cash From Continuing Operating Activities	687	1,231	238	212	331	427	569	159	362	232
Net Income / (Loss) Continuing Operations	730	650	429	816	146	427	371	235	285	261
Consolidated Net Income / (Loss)	730	650	429	816	146	427	371	235	285	261
Depreciation Expense	211	182	154	140	143	112	110	97	66	52
Non-Cash Adjustments To Reconcile Net Income	166	98	95	125	88	96	77	37	50	26
Changes in Operating Assets and Liabilities, net	-420	301	-440	-868	-46	-208	11	-210	-53	-109
Net Cash From Investing Activities	-485	-418	-287	-345	-312	-344	-319	-138	-146	-126
Net Cash From Continuing Investing Activities	-485	-418	-287	-345	-312	-344	-319	-138	-146	-126
Purchase of Property, Plant & Equipment	-417	-324	-359	-310	-310	-236	-143	-136	-119	-118
Acquisitions	0.00	-70	0.00	0.00	-	-101	0.00	-	-23	-0.06
Purchase of Investments	-197	-160	-71	-215	-167	-190	-446	-2.34	-3.81	-8.43
Sale and/or Maturity of Investments	129	136	142	180	164	177	270	0.28	0.17	0.14
Net Cash From Financing Activities	-253	-235	-118	-434	533	-132	-120	-15	-3.52	-58
Net Cash From Continuing Financing Activities	-253	-235	-118	-434	533	-132	-120	-15	-3.52	-58
Repayment of Debt	-108	-78	-95	-487	-89	-5.54	-2.47	-1.78	-16	-34
Repurchase of Common Equity	-330	-160	-74	-9.93	0.00	-113	-100	-	-	-
Payment of Dividends	-40	-18	-29	-42	-81	-39	-27	-26	-18	-39
Issuance of Debt	265	40	93	94	703	33	19	7.67	6.09	0.76
Issuance of Common Equity	11	9.45	8.13	14	5.92	6.17	5.30	5.53	19	6.59
Other Financing Activities, net	-51	-28	-20	-3.08	-5.66	-14	-14	-	4.68	8.01
Effect of Exchange Rate Changes	-22	-	-	-8.11	-6.34	2.13	-	-	-	-
Cash Interest Paid	21	22	19	15	16	7.14	5.57	6.39	5.72	9.89
Cash Income Taxes Paid	176	147	114	125	56	89	93	57	65	63

This table details how cash moves in and out of Skechers U.S.A.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-123	-238	74	260	-169	90	204	136	144	107	-244
Net Cash From Operating Activities	-106	233	-40	532	-38	312	343	340	235	281	-198
Net Cash From Continuing Operating Activities	-106	233	-40	532	-38	312	343	340	235	281	-198
Net Income / (Loss) Continuing Operations	225	115	209	165	240	112	166	182	190	93	94
Consolidated Net Income / (Loss)	225	115	209	165	240	112	166	182	190	93	94
Depreciation Expense	57	58	54	50	49	50	46	44	41	43	39
Non-Cash Adjustments To Reconcile Net Income	10	53	43	32	38	19	28	36	14	12	28
Changes in Operating Assets and Liabilities, net	-398	5.94	-345	285	-366	131	104	78	-11	134	-358
Net Cash From Investing Activities	-127	-154	-91	-148	-93	-109	-87	-154	-69	-95	-79
Net Cash From Continuing Investing Activities	-127	-154	-91	-148	-93	-109	-87	-154	-69	-95	-79
Purchase of Property, Plant & Equipment	-147	-133	-114	-112	-57	-85	-91	-76	-71	-95	-100
Purchase of Investments	-42	-52	-24	-56	-65	-51	-36	-35	-38	-27	-11
Sale and/or Maturity of Investments	62	31	47	21	30	27	40	28	40	28	32
Net Cash From Financing Activities	111	-281	191	-120	-43	-116	-55	-50	-13	-69	33
Net Cash From Continuing Financing Activities	111	-281	191	-120	-43	-116	-55	-50	-13	-69	33
Repayment of Debt	59	-93	-0.14	-14	-0.90	-30	-20	-24	-3.88	-65	-0.63
Repurchase of Common Equity	0.00	-120	-90	-60	-60	-60	-40	-30	-30	-	-25
Payment of Dividends	0.00	-	-0.85	-39	-0.40	-0.21	-17	-	-0.75	-16	-8.89
Issuance of Debt	69	-68	281	6.21	46	-20	22	13	26	11	67
Other Financing Activities, net	-17	-3.82	1.20	-21	-28	-9.81	-0.26	-14	-4.50	-2.81	-0.11
Effect of Exchange Rate Changes	-1.96	-35	-	-	-	-	-	-	-	-	-0.01
Cash Interest Paid	6.48	6.34	5.84	4.48	4.63	5.51	5.59	5.86	4.91	5.44	5.00
Cash Income Taxes Paid	35	35	47	66	28	56	24	41	26	41	23

This table presents Skechers U.S.A.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	8,456	7,547	6,893	6,491	5,812	4,893	3,228	2,735	2,394	2,040
Total Current Assets	4,449	3,953	3,646	3,372	3,344	2,820	2,472	2,105	1,828	1,548
Cash & Equivalents	1,117	1,190	616	796	1,371	825	872	736	719	508
Short-Term Investments	118	73	102	99	101	112	100	-	-	-
Accounts Receivable	1,089	943	934	813	689	699	558	433	346	363
Inventories, net	1,919	1,525	1,818	1,471	1,017	1,070	863	873	701	620
Prepaid Expenses	206	222	176	194	167	114	79	63	63	57
Plant, Property, & Equipment, net	1,835	1,507	1,345	1,129	935	739	585	542	494	436
Total Noncurrent Assets	2,171	2,088	1,902	1,990	1,533	1,334	171	88	71	56
Long-Term Investments	147	124	70	146	108	95	94	17	-	-
Goodwill	94	101	93	93	93	71	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	440	451	454	451	64	49	39	30	26	18
Other Noncurrent Operating Assets	1,490	1,412	1,284	1,300	1,267	1,119	37	41	45	38
Total Liabilities & Shareholders' Equity	8,456	7,547	6,893	6,491	5,812	4,893	3,228	2,735	2,394	2,040
Total Liabilities	3,635	3,147	3,022	2,949	3,087	2,357	1,039	787	708	664
Total Current Liabilities	2,256	1,661	1,613	1,446	1,213	1,238	850	597	622	577
Short-Term Debt	386	58	123	78	56	72	8.89	9.81	7.87	16
Accounts Payable	1,242	1,008	957	876	744	765	680	505	520	474
Accrued Expenses	330	320	294	265	209	210	162	82	93	87
Other Current Liabilities	298	274	239	226	204	191	-	-	-	-
Total Noncurrent Liabilities	1,379	1,486	1,409	1,504	1,874	1,119	189	190	86	87
Long-Term Debt	68	243	216	263	679	49	88	71	67	69
Noncurrent Deferred & Payable Income Tax Liabilities	11	13	8.66	12	11	0.32	0.45	0.16	0.41	8.51
Other Noncurrent Operating Liabilities	1,299	1,231	1,184	134	118	103	100	118	19	9.68
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	90	90	-	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	4,730	4,310	3,872	3,542	2,726	2,536	2,189	1,948	1,686	1,376
Total Preferred & Common Equity	4,277	4,019	3,570	3,259	2,481	2,315	2,035	1,829	1,604	1,328
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,277	4,019	3,570	3,259	2,481	2,315	2,035	1,829	1,604	1,328
Common Stock	12	296	404	430	372	307	375	454	419	386
Retained Earnings	4,436	3,797	3,251	2,878	2,136	2,038	1,691	1,390	1,211	968
Accumulated Other Comprehensive Income / (Loss)	-171	-73	-85	-48	-27	-30	-31	-15	-27	-26
Noncontrolling Interest	453	291	302	283	244	221	154	119	82	48

This table presents Skechers U.S.A.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	8,654	8,646	7,975	7,567	7,239	7,108	7,044	6,679
Total Current Assets	4,470	4,699	4,254	3,930	3,768	3,670	3,710	3,582
Cash & Equivalents	993	1,354	1,280	1,020	1,100	897	760	508
Short-Term Investments	108	114	130	89	64	81	90	103
Accounts Receivable	1,364	1,285	1,105	1,235	995	1,010	1,136	1,009
Inventories, net	1,774	1,707	1,515	1,361	1,382	1,486	1,502	1,779
Prepaid Expenses	232	239	224	226	227	197	223	182
Plant, Property, & Equipment, net	1,938	1,783	1,587	1,519	1,466	1,417	1,378	1,290
Total Noncurrent Assets	2,246	2,165	2,133	2,118	2,005	2,021	1,957	1,807
Long-Term Investments	137	130	137	144	109	97	81	70
Goodwill	96	100	101	101	101	101	93	93
Noncurrent Deferred & Refundable Income Taxes	437	444	435	447	443	461	462	448
Other Noncurrent Operating Assets	1,576	1,491	1,459	1,426	1,353	1,362	1,321	1,195
Total Liabilities & Shareholders' Equity	8,654	8,646	7,975	7,567	7,239	7,108	7,044	6,679
Total Liabilities	3,574	3,734	3,368	3,014	2,935	2,916	2,998	2,930
Total Current Liabilities	2,103	2,397	2,061	1,643	1,494	1,477	1,540	1,577
Short-Term Debt	502	580	293	234	112	113	131	168
Accounts Payable	977	1,190	1,177	829	821	802	892	926
Accrued Expenses	314	331	305	302	296	300	269	262
Other Current Liabilities	309	296	287	278	265	262	247	221
Total Noncurrent Liabilities	1,471	1,337	1,307	1,371	1,441	1,439	1,459	1,353
Long-Term Debt	82	49	46	113	240	237	230	226
Noncurrent Deferred & Payable Income Tax Liabilities	11	11	12	12	20	20	8.72	12
Other Noncurrent Operating Liabilities	1,378	1,276	1,249	1,247	1,182	1,182	127	119
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	93	92	94	-	-	-	-	-
Total Equity & Noncontrolling Interests	4,987	4,821	4,514	4,554	4,304	4,191	4,046	3,749
Total Preferred & Common Equity	4,512	4,359	4,221	4,146	3,952	3,839	3,715	3,459
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,512	4,359	4,221	4,146	3,952	3,839	3,715	3,459
Common Stock	20	111	178	229	341	363	384	388
Retained Earnings	4,639	4,337	4,144	4,003	3,710	3,564	3,411	3,175
Accumulated Other Comprehensive Income / (Loss)	-147	-88	-101	-86	-98	-88	-80	-104
Noncontrolling Interest	475	462	292	408	352	352	331	290

This table displays calculated financial ratios and metrics derived from Skechers U.S.A.'s official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.11%	7.47%	17.98%	36.78%	-11.62%	12.45%	11.48%	16.86%	13.22%	32.38%
EBITDA Growth	10.83%	45.39%	-4.70%	138.40%	-52.58%	16.80%	10.77%	9.30%	11.73%	57.28%
EBIT Growth	9.60%	53.35%	-8.34%	268.23%	-70.01%	20.67%	10.06%	6.57%	6.13%	69.21%
NOPAT Growth	18.02%	41.77%	-47.54%	577.81%	-70.57%	14.07%	60.65%	-20.35%	7.10%	65.16%
Net Income Growth	12.26%	51.44%	-47.38%	457.78%	-65.78%	15.08%	57.92%	-17.61%	9.31%	71.52%
EPS Growth	19.20%	46.64%	-49.68%	639.06%	-71.56%	17.19%	68.42%	-27.39%	4.67%	64.84%
Operating Cash Flow Growth	-44.17%	416.59%	12.34%	-35.99%	-22.29%	-24.98%	256.82%	-55.94%	55.73%	41.70%
Free Cash Flow Firm Growth	-76.75%	-22.83%	809.58%	40.25%	75.85%	-318.45%	44,523.10%	-99.53%	89.48%	-7.79%
Invested Capital Growth	17.45%	-3.14%	-13.09%	33.69%	13.65%	112.40%	-4.31%	22.39%	9.41%	21.21%
Revenue Q/Q Growth	2.88%	1.04%	3.09%	5.25%	15.70%	-6.56%	2.43%	5.21%	1.18%	5.11%
EBITDA Q/Q Growth	-0.19%	4.88%	3.33%	3.46%	-9.47%	3.66%	3.10%	8.17%	-3.76%	4.81%
EBIT Q/Q Growth	-1.12%	5.03%	3.50%	3.98%	-19.47%	3.99%	6.12%	9.03%	-7.36%	6.44%
NOPAT Q/Q Growth	5.70%	3.96%	-46.02%	78.76%	159.18%	-15.45%	47.21%	-23.30%	-6.89%	4.65%
Net Income Q/Q Growth	0.45%	3.11%	-43.48%	73.09%	-2.87%	3.74%	47.09%	-22.16%	-7.56%	5.09%
EPS Q/Q Growth	2.46%	2.35%	-46.64%	87.70%	-4.48%	3.69%	60.00%	-29.63%	-9.25%	2.04%
Operating Cash Flow Q/Q Growth	-10.40%	2.61%	383.97%	-59.80%	146.83%	-15.53%	43.34%	-45.84%	14.44%	14.16%
Free Cash Flow Firm Q/Q Growth	14.80%	-55.88%	171.57%	-187.49%	-144.22%	-47.62%	63.97%	-99.11%	38.71%	-18.29%
Invested Capital Q/Q Growth	-1.26%	-2.00%	-23.21%	72.94%	50.79%	7.14%	-4.15%	-0.41%	-3.88%	4.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.15%	51.90%	47.22%	49.51%	47.81%	47.72%	47.90%	46.56%	45.87%	45.25%
EBITDA Margin	12.14%	12.28%	9.08%	11.24%	6.45%	12.02%	11.57%	11.65%	12.45%	12.62%
Operating Margin	10.08%	9.81%	7.34%	9.48%	2.90%	9.93%	9.43%	9.19%	10.40%	11.15%
EBIT Margin	9.79%	10.01%	7.02%	9.03%	3.35%	9.89%	9.21%	9.33%	10.23%	10.91%
Profit (Net Income) Margin	8.13%	8.12%	5.76%	12.93%	3.17%	8.18%	8.00%	5.65%	8.01%	8.29%
Tax Burden Percent	83.12%	81.15%	82.17%	143.15%	94.51%	82.80%	85.97%	61.18%	79.38%	78.28%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	101.00%	98.90%	98.61%	97.09%
Effective Tax Rate	16.88%	18.85%	17.83%	-43.15%	5.49%	17.20%	14.03%	38.82%	20.62%	21.72%
Return on Invested Capital (ROIC)	20.85%	18.91%	12.21%	24.88%	4.56%	22.52%	30.16%	20.22%	29.49%	31.60%
ROIC Less NNEP Spread (ROIC-NNEP)	23.05%	17.20%	87.64%	11.66%	18.99%	22.96%	30.78%	20.09%	31.14%	35.11%
Return on Net Nonoperating Assets (RNNOA)	-5.03%	-3.19%	-0.63%	1.15%	1.00%	-4.44%	-12.21%	-7.28%	-10.85%	-10.80%
Return on Equity (ROE)	15.83%	15.71%	11.58%	26.03%	5.56%	18.08%	17.95%	12.94%	18.64%	20.80%
Cash Return on Invested Capital (CROIC)	4.80%	22.10%	26.21%	-3.95%	-8.22%	-49.44%	34.57%	0.08%	20.51%	12.42%
Operating Return on Assets (OROA)	10.97%	11.09%	7.80%	9.26%	2.89%	12.71%	14.34%	15.15%	16.45%	18.49%
Return on Assets (ROA)	9.12%	9.00%	6.41%	13.26%	2.73%	10.52%	12.45%	9.17%	12.87%	14.05%
Return on Common Equity (ROCE)	14.24%	14.42%	10.67%	23.84%	5.07%	16.65%	16.76%	12.22%	17.85%	19.91%
Return on Equity Simple (ROE_SIMPLE)	17.06%	16.17%	12.02%	25.02%	5.89%	18.46%	18.24%	12.85%	17.79%	19.66%
Net Operating Profit after Tax (NOPAT)	752	637	449	856	126	429	376	234	294	275
NOPAT Margin	8.38%	7.96%	6.03%	13.57%	2.74%	8.22%	8.11%	5.63%	8.25%	8.73%
Net Nonoperating Expense Percent (NNEP)	-2.19%	1.70%	-75.44%	13.22%	-14.43%	-0.44%	-0.62%	0.13%	-1.64%	-3.51%
Return On Investment Capital (ROIC_SIMPLE)	14.50%	13.81%	10.67%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	46.85%	48.10%	52.78%	50.49%	52.19%	52.28%	52.10%	53.44%	54.13%	54.75%
SG&A Expenses to Revenue	34.14%	33.63%	32.04%	32.12%	37.30%	31.14%	31.37%	29.91%	28.65%	26.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.07%	42.09%	39.88%	40.03%	44.91%	37.79%	38.47%	37.37%	35.47%	34.10%
Earnings before Interest and Taxes (EBIT)	878	801	522	570	155	516	428	389	365	344
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,089	983	676	709	298	628	537	485	444	397
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.44	2.41	1.82	2.08	2.28	2.93	1.78	3.28	2.42	3.56
Price to Tangible Book Value (P/TBV)	2.50	2.47	1.87	2.14	2.37	3.02	1.78	3.28	2.42	3.56
Price to Revenue (P/Rev)	1.16	1.21	0.87	1.07	1.22	1.30	0.78	1.44	1.09	1.50
Price to Earnings (P/E)	16.33	17.74	17.44	9.12	57.30	19.54	12.02	33.46	15.94	20.35
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.12%	5.64%	5.73%	10.96%	1.75%	5.12%	8.32%	2.99%	6.27%	4.91%
Enterprise Value to Invested Capital (EV/IC)	2.58	2.71	1.86	1.89	2.08	2.72	2.30	4.27	3.19	4.56
Enterprise Value to Revenue (EV/Rev)	1.12	1.12	0.85	1.18	1.32	1.35	0.60	1.31	0.93	1.38
Enterprise Value to EBITDA (EV/EBITDA)	9.23	9.13	9.41	10.49	20.54	11.23	5.22	11.22	7.48	10.94
Enterprise Value to EBIT (EV/EBIT)	11.46	11.21	12.18	13.06	39.50	13.66	6.56	14.01	9.10	12.65
Enterprise Value to NOPAT (EV/NOPAT)	13.38	14.09	14.16	8.69	48.38	16.42	7.45	23.23	11.28	15.82
Enterprise Value to Operating Cash Flow (EV/OCF)	14.63	7.29	26.68	35.08	18.44	16.52	4.93	34.16	9.18	18.71
Enterprise Value to Free Cash Flow (EV/FCFF)	58.11	12.06	6.59	0.00	0.00	0.00	6.50	5,630.44	16.23	40.26
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.07	0.09	0.41	0.66	0.43	0.04	0.04	0.04	0.06
Long-Term Debt to Equity	0.01	0.06	0.06	0.38	0.64	0.40	0.04	0.04	0.04	0.05
Financial Leverage	-0.22	-0.19	-0.01	0.10	0.05	-0.19	-0.40	-0.36	-0.35	-0.31
Leverage Ratio	1.74	1.75	1.81	1.96	2.03	1.72	1.44	1.41	1.45	1.48
Compound Leverage Factor	1.74	1.75	1.81	1.96	2.03	1.72	1.46	1.40	1.43	1.44
Debt to Total Capital	8.62%	6.41%	8.06%	28.85%	39.77%	30.01%	4.24%	3.99%	4.26%	5.80%
Short-Term Debt to Total Capital	7.33%	1.24%	2.92%	1.57%	1.23%	1.99%	0.39%	0.48%	0.45%	1.08%
Long-Term Debt to Total Capital	1.30%	5.17%	5.14%	27.28%	38.55%	28.02%	3.85%	3.50%	3.81%	4.72%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	10.29%	8.10%	7.16%	5.68%	5.40%	6.11%	6.75%	5.87%	4.65%	3.30%
Common Equity to Total Capital	81.08%	85.49%	84.78%	65.47%	54.83%	63.88%	89.01%	90.14%	91.09%	90.90%
Debt to EBITDA	0.42	0.31	0.50	2.02	6.05	1.73	0.18	0.17	0.17	0.21
Net Debt to EBITDA	-0.85	-1.10	-0.66	0.56	0.74	0.09	-1.80	-1.39	-1.45	-1.07
Long-Term Debt to EBITDA	0.06	0.25	0.32	1.91	5.86	1.62	0.16	0.15	0.15	0.17
Debt to NOPAT	0.61	0.47	0.76	1.68	14.25	2.53	0.26	0.35	0.26	0.31
Net Debt to NOPAT	-1.23	-1.70	-1.00	0.46	1.74	0.13	-2.57	-2.87	-2.19	-1.54
Long-Term Debt to NOPAT	0.09	0.38	0.48	1.59	13.81	2.36	0.23	0.30	0.23	0.25
Altman Z-Score	4.17	4.32	3.64	3.61	2.93	4.11	5.30	7.94	6.59	7.60
Noncontrolling Interest Sharing Ratio	10.02%	8.25%	7.88%	8.41%	8.85%	7.95%	6.61%	5.53%	4.25%	4.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.97	2.38	2.26	2.33	2.76	2.28	2.91	3.52	2.94	2.68
Quick Ratio	1.03	1.33	1.02	1.18	1.78	1.32	1.80	1.96	1.71	1.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	173	744	965	-136	-228	-942	431	0.97	205	108
Operating Cash Flow to CapEx	164.92%	380.32%	66.39%	68.51%	106.95%	185.00%	397.49%	117.18%	302.69%	196.55%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	73.77	0.14	32.62	10.06
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	97.24	23.86	57.68	21.65
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	72.78	3.50	38.62	10.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.11	1.11	1.03	0.86	1.29	1.56	1.62	1.61	1.69
Accounts Receivable Turnover	8.83	8.53	8.52	8.40	6.65	8.31	9.37	10.69	10.06	9.67
Inventory Turnover	2.44	2.30	2.39	2.56	2.31	2.82	2.79	2.83	2.92	3.21
Fixed Asset Turnover	5.37	5.61	6.02	6.11	5.51	7.88	8.24	8.04	7.66	7.78
Accounts Payable Turnover	3.74	3.92	4.29	3.93	3.19	3.78	4.08	4.34	3.88	4.17
Days Sales Outstanding (DSO)	41.34	42.81	42.83	43.44	54.92	43.94	38.94	34.14	36.29	37.76
Days Inventory Outstanding (DIO)	149.62	158.57	152.77	142.51	158.17	129.28	131.02	129.05	124.97	113.75
Days Payable Outstanding (DPO)	97.72	93.21	85.17	92.83	114.38	96.60	89.41	84.13	94.09	87.56
Cash Conversion Cycle (CCC)	93.24	108.17	110.42	93.12	98.71	76.63	80.55	79.07	67.17	63.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,894	3,315	3,422	3,938	2,946	2,592	1,220	1,275	1,042	952
Invested Capital Turnover	2.49	2.37	2.02	1.83	1.67	2.74	3.72	3.59	3.57	3.62
Increase / (Decrease) in Invested Capital	579	-108	-515	992	354	1,372	-55	233	90	167
Enterprise Value (EV)	10,057	8,976	6,359	7,442	6,112	7,048	2,803	5,443	3,319	4,345
Market Capitalization	10,441	9,680	6,506	6,764	5,648	6,770	3,618	5,997	3,881	4,720
Book Value per Share	$28.33	$26.10	$23.02	$20.91	$15.79	$14.77	$12.88	$11.54	$10.16	$8.50
Tangible Book Value per Share	$27.71	$25.45	$22.41	$20.31	$15.19	$14.31	$12.88	$11.54	$10.16	$8.50
Total Capital	5,275	4,701	4,211	4,978	4,526	3,623	2,286	2,029	1,761	1,460
Total Debt	455	301	339	1,436	1,800	1,087	97	81	75	85
Total Long-Term Debt	68	243	216	1,358	1,744	1,015	88	71	67	69
Net Debt	-927	-1,085	-449	396	220	56	-969	-673	-644	-423
Capital Expenditures (CapEx)	417	324	359	310	310	231	143	136	119	118
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,344	1,088	1,438	1,110	716	716	659	781	495	479
Debt-free Net Working Capital (DFNWC)	2,579	2,350	2,156	2,005	2,187	1,653	1,631	1,517	1,214	987
Net Working Capital (NWC)	2,193	2,292	2,033	1,927	2,132	1,581	1,622	1,508	1,206	971
Net Nonoperating Expense (NNE)	22	-13	20	41	-20	2.02	5.06	-0.84	8.76	14
Net Nonoperating Obligations (NNO)	-927	-1,085	-449	396	220	56	-969	-673	-644	-423
Total Depreciation and Amortization (D&A)	211	182	154	140	143	112	110	97	79	54
Debt-free, Cash-free Net Working Capital to Revenue	14.99%	13.60%	19.32%	17.59%	15.51%	13.73%	14.19%	18.76%	13.90%	15.22%
Debt-free Net Working Capital to Revenue	28.76%	29.38%	28.96%	31.77%	47.41%	31.67%	35.13%	36.44%	34.07%	31.36%
Net Working Capital to Revenue	24.45%	28.65%	27.31%	30.53%	46.21%	30.29%	34.94%	36.21%	33.85%	30.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.21	$3.53	$2.40	$4.77	$0.64	$2.26	$1.93	$1.15	$1.58	$1.52
Adjusted Weighted Average Basic Shares Outstanding	151.84M	154.53M	155.63M	155.54M	154.18M	153.39M	155.82M	155.65M	154.17M	152.85M
Adjusted Diluted Earnings per Share	$4.16	$3.49	$2.38	$4.73	$0.64	$2.25	$1.92	$1.14	$1.57	$1.50
Adjusted Weighted Average Diluted Shares Outstanding	153.84M	156.26M	156.61M	156.79M	154.89M	154.15M	156.45M	156.52M	155.08M	154.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	149.35M	153.28M	155.28M	156.05M	157.75M	156.91M	157.44M	160.22M	158.32M	156.33M
Normalized Net Operating Profit after Tax (NOPAT)	752	637	449	419	126	429	376	234	294	275
Normalized NOPAT Margin	8.38%	7.96%	6.03%	6.64%	2.74%	8.22%	8.11%	5.63%	8.25%	8.73%
Pre Tax Income Margin	9.79%	10.01%	7.02%	9.03%	3.35%	9.89%	9.30%	9.23%	10.09%	10.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	73.13	58.19	58.14	32.02
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	64.36	35.08	46.91	25.60
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	48.67	37.82	39.09	21.01
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	39.90	14.72	27.85	14.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.47%	2.73%	6.83%	5.10%	55.47%	9.05%	7.27%	11.04%	6.22%	15.00%
Augmented Payout Ratio	50.71%	27.35%	24.13%	6.31%	55.47%	35.48%	34.20%	11.04%	6.22%	15.00%

This table displays calculated financial ratios and metrics derived from Skechers U.S.A.'s official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.11%	12.82%	15.94%	7.21%	12.47%	4.37%	7.80%	7.75%	10.02%	13.50%	20.53%
EBITDA Growth	0.19%	-1.11%	18.52%	-3.51%	25.88%	31.44%	64.36%	55.21%	33.02%	17.62%	-10.87%
EBIT Growth	-2.39%	-7.04%	19.01%	-7.09%	27.09%	37.46%	79.50%	63.47%	37.23%	20.86%	-16.91%
NOPAT Growth	-14.88%	40.64%	16.06%	-7.49%	32.84%	32.62%	60.72%	47.78%	29.43%	-83.14%	-13.54%
Net Income Growth	-6.37%	2.92%	26.15%	-9.39%	26.33%	21.22%	75.89%	71.05%	39.74%	-78.11%	-19.17%
EPS Growth	0.75%	17.86%	35.48%	-7.14%	30.39%	16.67%	69.09%	68.97%	32.47%	-81.25%	-16.67%
Operating Cash Flow Growth	-180.90%	-25.54%	-111.56%	56.42%	-115.99%	11.14%	273.84%	17.50%	274.47%	784.34%	-209.04%
Free Cash Flow Firm Growth	-149.14%	-304.64%	-128.98%	-72.59%	1,228.21%	-64.40%	160.10%	142.51%	94.96%	212.47%	-935.86%
Invested Capital Growth	21.34%	17.45%	16.56%	-2.01%	-20.19%	-3.14%	-24.11%	-16.40%	6.66%	-13.09%	95.74%
Revenue Q/Q Growth	9.00%	-5.76%	8.81%	-4.17%	14.82%	-3.16%	0.62%	0.53%	6.55%	0.02%	0.57%
EBITDA Q/Q Growth	83.46%	-36.79%	17.15%	-26.25%	81.09%	-24.24%	-4.62%	-3.79%	89.09%	-5.27%	-9.93%
EBIT Q/Q Growth	121.44%	-46.68%	19.74%	-30.96%	110.88%	-31.73%	-6.53%	-5.56%	128.10%	-10.85%	-14.88%
NOPAT Q/Q Growth	41.09%	-26.69%	20.09%	-31.48%	133.13%	-39.50%	-4.28%	-1.60%	132.73%	-26.68%	-11.99%
Net Income Q/Q Growth	95.03%	-44.87%	27.22%	-31.56%	114.37%	-32.42%	-8.62%	-4.57%	105.71%	-1.94%	-11.14%
EPS Q/Q Growth	103.03%	-47.62%	38.46%	-31.58%	137.50%	-39.78%	-5.10%	-3.92%	112.50%	-12.73%	-5.17%
Operating Cash Flow Q/Q Growth	-145.40%	685.87%	-107.46%	1,514.77%	-112.03%	-9.01%	0.97%	44.67%	-16.38%	242.33%	-168.24%
Free Cash Flow Firm Q/Q Growth	-32.29%	-19.76%	-253.34%	-79.77%	450.94%	-83.04%	44.99%	932.66%	-117.38%	128.64%	-2.55%
Invested Capital Q/Q Growth	13.67%	-1.26%	16.05%	-6.84%	10.03%	-2.00%	-2.44%	-24.12%	33.53%	-23.21%	7.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.01%	53.26%	52.10%	54.89%	52.48%	53.11%	52.94%	52.70%	48.88%	48.42%	47.06%
EBITDA Margin	14.38%	8.54%	12.73%	11.83%	15.37%	9.75%	12.46%	13.14%	13.73%	7.74%	8.17%
Operating Margin	10.99%	7.48%	9.94%	9.57%	13.27%	6.64%	10.53%	10.82%	11.17%	4.61%	6.92%
EBIT Margin	12.01%	5.91%	10.45%	9.50%	13.18%	7.18%	10.18%	10.96%	11.66%	5.45%	6.11%
Profit (Net Income) Margin	9.33%	5.22%	8.92%	7.63%	10.68%	5.72%	8.19%	9.02%	9.51%	4.92%	5.02%
Tax Burden Percent	77.70%	88.22%	85.32%	80.30%	81.00%	79.68%	80.50%	82.34%	81.49%	90.36%	82.15%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.30%	11.78%	14.68%	19.70%	19.00%	20.32%	19.50%	17.66%	18.51%	9.64%	17.85%
Return on Invested Capital (ROIC)	19.32%	16.42%	20.19%	18.80%	21.58%	12.57%	17.12%	18.18%	15.68%	8.43%	12.19%
ROIC Less NNEP Spread (ROIC-NNEP)	16.88%	19.47%	19.12%	18.94%	22.45%	11.49%	22.45%	16.62%	17.09%	-45.02%	29.17%
Return on Net Nonoperating Assets (RNNOA)	-2.73%	-4.25%	-3.92%	-4.16%	-1.00%	-2.13%	-0.59%	-0.62%	2.53%	0.32%	-0.62%
Return on Equity (ROE)	16.59%	12.18%	16.27%	14.64%	20.59%	10.44%	16.52%	17.56%	18.21%	8.75%	11.57%
Cash Return on Invested Capital (CROIC)	-1.59%	4.80%	4.12%	21.93%	39.41%	22.10%	43.04%	32.25%	4.63%	26.21%	-40.03%
Operating Return on Assets (OROA)	13.52%	6.63%	11.47%	10.57%	14.88%	7.95%	11.58%	12.36%	13.09%	6.06%	7.02%
Return on Assets (ROA)	10.51%	5.85%	9.79%	8.49%	12.06%	6.34%	9.32%	10.17%	10.67%	5.48%	5.77%
Return on Common Equity (ROCE)	14.91%	10.96%	14.67%	13.41%	18.82%	9.58%	15.21%	16.11%	16.72%	8.06%	10.59%
Return on Equity Simple (ROE_SIMPLE)	15.83%	0.00%	16.66%	16.18%	16.88%	0.00%	15.95%	14.55%	13.01%	0.00%	21.95%
Net Operating Profit after Tax (NOPAT)	206	146	199	166	242	104	172	179	182	78	107
NOPAT Margin	8.54%	6.60%	8.48%	7.69%	10.75%	5.29%	8.47%	8.91%	9.10%	4.17%	5.68%
Net Nonoperating Expense Percent (NNEP)	2.44%	-3.04%	1.07%	-0.14%	-0.87%	1.08%	-5.33%	1.56%	-1.42%	53.45%	-16.97%
Return On Investment Capital (ROIC_SIMPLE)	3.70%	2.82%	-	-	-	2.25%	-	-	-	1.86%	-
Cost of Revenue to Revenue	47.99%	46.74%	47.90%	45.11%	47.52%	46.89%	47.06%	47.30%	51.12%	51.58%	52.94%
SG&A Expenses to Revenue	33.35%	36.87%	33.16%	34.39%	32.26%	37.13%	33.60%	32.58%	31.29%	35.40%	32.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.02%	45.78%	42.15%	45.32%	39.21%	46.46%	42.41%	41.88%	37.71%	43.81%	40.14%
Earnings before Interest and Taxes (EBIT)	290	131	245	205	297	141	206	221	234	102	115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	347	189	299	255	346	191	252	264	275	145	153
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.95	2.44	2.38	2.54	2.29	2.41	1.92	2.13	1.99	1.82	1.43
Price to Tangible Book Value (P/TBV)	2.00	2.50	2.44	2.61	2.35	2.47	1.97	2.19	2.04	1.87	1.47
Price to Revenue (P/Rev)	0.97	1.16	1.19	1.28	1.15	1.21	0.96	1.05	0.97	0.87	0.68
Price to Earnings (P/E)	13.88	16.33	16.56	18.52	16.07	17.74	14.23	17.23	17.90	17.44	7.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.21%	6.12%	6.04%	5.40%	6.22%	5.64%	7.03%	5.80%	5.59%	5.73%	14.17%
Enterprise Value to Invested Capital (EV/IC)	1.97	2.58	2.53	2.92	2.47	2.71	2.08	2.25	1.80	1.86	1.33
Enterprise Value to Revenue (EV/Rev)	0.96	1.12	1.14	1.18	1.09	1.12	0.89	1.00	1.08	0.85	0.82
Enterprise Value to EBITDA (EV/EBITDA)	8.01	9.23	9.14	9.49	8.55	9.13	7.50	9.31	11.06	9.41	9.08
Enterprise Value to EBIT (EV/EBIT)	10.03	11.46	11.24	11.68	10.43	11.21	9.22	11.63	14.06	12.18	11.77
Enterprise Value to NOPAT (EV/NOPAT)	12.22	13.38	14.03	14.50	12.94	14.09	11.48	14.25	16.79	14.16	7.14
Enterprise Value to Operating Cash Flow (EV/OCF)	14.10	14.63	13.00	8.61	9.40	7.29	5.86	11.85	13.54	26.68	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	58.11	66.16	13.16	5.57	12.06	4.17	6.36	40.15	6.59	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.09	0.13	0.07	0.08	0.07	0.08	0.08	0.36	0.09	0.37
Long-Term Debt to Equity	0.02	0.01	0.01	0.01	0.02	0.06	0.06	0.06	0.33	0.06	0.33
Financial Leverage	-0.16	-0.22	-0.21	-0.22	-0.04	-0.19	-0.03	-0.04	0.15	-0.01	-0.02
Leverage Ratio	1.68	1.74	1.72	1.71	1.70	1.75	1.73	1.74	1.76	1.81	1.83
Compound Leverage Factor	1.68	1.74	1.72	1.71	1.70	1.75	1.73	1.74	1.76	1.81	1.83
Debt to Total Capital	10.32%	8.62%	11.35%	6.85%	7.07%	6.41%	7.55%	7.70%	26.43%	8.06%	27.05%
Short-Term Debt to Total Capital	8.86%	7.33%	10.46%	5.92%	4.77%	1.24%	2.40%	2.49%	2.38%	2.92%	3.27%
Long-Term Debt to Total Capital	1.46%	1.30%	0.89%	0.92%	2.30%	5.17%	5.15%	5.21%	24.05%	5.14%	23.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	10.02%	10.29%	9.99%	7.80%	8.32%	8.10%	7.56%	7.75%	6.03%	7.16%	5.65%
Common Equity to Total Capital	79.67%	81.08%	78.66%	85.35%	84.61%	85.49%	84.89%	84.54%	67.54%	84.78%	67.31%
Debt to EBITDA	0.54	0.42	0.58	0.32	0.33	0.31	0.38	0.42	1.95	0.50	2.12
Net Debt to EBITDA	-0.60	-0.85	-0.89	-1.16	-0.86	-1.10	-0.98	-0.86	0.70	-0.66	1.08
Long-Term Debt to EBITDA	0.08	0.06	0.05	0.04	0.11	0.25	0.26	0.28	1.78	0.32	1.87
Debt to NOPAT	0.82	0.61	0.88	0.50	0.50	0.47	0.57	0.64	2.96	0.76	1.67
Net Debt to NOPAT	-0.92	-1.23	-1.36	-1.77	-1.30	-1.70	-1.50	-1.32	1.07	-1.00	0.85
Long-Term Debt to NOPAT	0.12	0.09	0.07	0.07	0.16	0.38	0.39	0.43	2.70	0.48	1.47
Altman Z-Score	3.72	3.88	3.79	4.11	4.22	4.04	3.84	3.95	3.72	3.44	3.18
Noncontrolling Interest Sharing Ratio	10.12%	10.02%	9.83%	8.39%	8.59%	8.25%	7.98%	8.27%	8.16%	7.88%	8.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.13	1.97	1.96	2.06	2.39	2.38	2.52	2.48	2.41	2.26	2.27
Quick Ratio	1.17	1.03	1.15	1.22	1.43	1.33	1.45	1.34	1.29	1.02	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-572	-433	-361	236	1,165	211	1,246	859	-103	594	-2,073
Operating Cash Flow to CapEx	-71.81%	174.47%	-34.87%	473.13%	-65.87%	367.58%	376.21%	446.31%	330.16%	294.84%	-197.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.13	1.12	1.10	1.11	1.13	1.11	1.14	1.13	1.12	1.11	1.15
Accounts Receivable Turnover	7.03	8.83	7.65	7.94	6.96	8.53	7.90	7.84	6.88	8.52	7.81
Inventory Turnover	2.74	2.44	2.65	2.61	2.72	2.30	2.47	2.58	2.68	2.39	2.53
Fixed Asset Turnover	5.28	5.37	5.37	5.59	5.70	5.61	5.75	5.88	5.95	6.02	6.08
Accounts Payable Turnover	4.75	3.74	4.07	3.96	4.53	3.92	4.46	4.44	4.64	4.29	4.30
Days Sales Outstanding (DSO)	51.95	41.34	47.73	45.97	52.44	42.81	46.18	46.53	53.08	42.83	46.73
Days Inventory Outstanding (DIO)	133.37	149.62	137.92	139.84	134.16	158.57	148.03	141.31	136.13	152.77	144.27
Days Payable Outstanding (DPO)	76.85	97.72	89.79	92.23	80.64	93.21	81.79	82.22	78.60	85.17	84.94
Cash Conversion Cycle (CCC)	108.46	93.24	95.86	93.58	105.96	108.17	112.42	105.62	110.61	110.42	106.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,426	3,894	3,943	3,398	3,647	3,315	3,383	3,468	4,570	3,422	4,457
Invested Capital Turnover	2.26	2.49	2.38	2.45	2.01	2.37	2.02	2.04	1.72	2.02	2.14
Increase / (Decrease) in Invested Capital	778	579	560	-70	-922	-108	-1,074	-680	285	-515	2,180
Enterprise Value (EV)	8,731	10,057	9,976	9,910	9,014	8,976	7,032	7,805	8,234	6,359	5,938
Market Capitalization	8,817	10,441	10,392	10,733	9,513	9,680	7,601	8,177	7,379	6,506	4,940
Book Value per Share	$30.21	$28.33	$28.61	$27.68	$27.05	$26.10	$25.54	$24.81	$23.92	$23.02	$22.21
Tangible Book Value per Share	$29.57	$27.71	$27.96	$27.01	$26.39	$25.45	$24.88	$24.16	$23.32	$22.41	$21.61
Total Capital	5,664	5,275	5,541	4,946	4,900	4,701	4,656	4,541	5,500	4,211	5,139
Total Debt	584	455	629	339	346	301	351	350	1,454	339	1,390
Total Long-Term Debt	82	68	49	46	113	243	240	237	1,323	216	1,222
Net Debt	-654	-927	-969	-1,209	-906	-1,085	-922	-724	524	-449	708
Capital Expenditures (CapEx)	147	133	114	112	57	85	91	76	71	95	100
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,768	1,344	1,414	1,075	1,413	1,088	1,222	1,328	1,452	1,438	1,562
Debt-free Net Working Capital (DFNWC)	2,869	2,579	2,881	2,486	2,522	2,350	2,386	2,305	2,301	2,156	2,173
Net Working Capital (NWC)	2,367	2,193	2,302	2,193	2,288	2,292	2,274	2,192	2,170	2,033	2,005
Net Nonoperating Expense (NNE)	-19	31	-10	1.33	1.66	-8.31	5.68	-2.30	-8.09	-14	12
Net Nonoperating Obligations (NNO)	-654	-927	-969	-1,209	-906	-1,085	-922	-724	524	-449	708
Total Depreciation and Amortization (D&A)	57	58	54	50	49	50	46	44	41	43	39
Debt-free, Cash-free Net Working Capital to Revenue	19.37%	14.99%	16.21%	12.81%	17.12%	13.60%	15.43%	17.09%	19.03%	19.32%	21.63%
Debt-free Net Working Capital to Revenue	31.42%	28.76%	33.05%	29.61%	30.57%	29.38%	30.13%	29.66%	30.17%	28.96%	30.09%
Net Working Capital to Revenue	25.93%	24.45%	26.40%	26.12%	27.73%	28.65%	28.72%	28.21%	28.46%	27.31%	27.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.35	$0.67	$1.27	$0.92	$1.35	$0.57	$0.94	$0.99	$1.03	$0.49	$0.55
Adjusted Weighted Average Basic Shares Outstanding	149.41M	151.84M	151.83M	152.50M	152.92M	154.53M	154.53M	154.97M	155.14M	155.63M	155.42M
Adjusted Diluted Earnings per Share	$1.34	$0.66	$1.26	$0.91	$1.33	$0.56	$0.93	$0.98	$1.02	$0.48	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	151.50M	153.84M	153.66M	154.18M	155.12M	156.26M	156.20M	156.57M	156.76M	156.61M	156.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	149.60M	149.35M	150.97M	152.34M	152.52M	153.28M	153.98M	154.75M	154.73M	155.28M	155.10M
Normalized Net Operating Profit after Tax (NOPAT)	206	146	199	166	242	104	172	179	182	78	107
Normalized NOPAT Margin	8.54%	6.60%	8.48%	7.69%	10.75%	5.29%	8.47%	8.91%	9.10%	4.17%	5.68%
Pre Tax Income Margin	12.01%	5.91%	10.45%	9.50%	13.18%	7.18%	10.18%	10.96%	11.66%	5.45%	6.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.53%	5.47%	5.52%	8.20%	2.48%	2.73%	5.28%	4.55%	5.26%	6.83%	6.22%
Augmented Payout Ratio	43.34%	50.71%	43.53%	41.30%	30.49%	27.35%	21.15%	19.77%	21.66%	24.13%	16.00%

Frequently Asked Questions About Skechers U.S.A.'s Financials

When does Skechers U.S.A.'s fiscal year end?

According to the most recent income statement we have on file, Skechers U.S.A.'s financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Skechers U.S.A.'s net income changed over the last 9 years?

Skechers U.S.A.'s net income appears to be on an upward trend, with a most recent value of $729.61 million in 2024, rising from $261.05 million in 2015. The previous period was $649.92 million in 2023. View Skechers U.S.A.'s forecast to see where analysts expect Skechers U.S.A. to go next.

What is Skechers U.S.A.'s operating income?

Skechers U.S.A.'s total operating income in 2024 was $904.26 million, based on the following breakdown:

Total Gross Profit: $4.77 billion
Total Operating Expenses: $3.86 billion

How has Skechers U.S.A. revenue changed over the last 9 years?

Over the last 9 years, Skechers U.S.A.'s total revenue changed from $3.15 billion in 2015 to $8.97 billion in 2024, a change of 185.0%.

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

Skechers U.S.A.'s total liabilities were at $3.64 billion at the end of 2024, a 15.5% increase from 2023, and a 447.4% increase since 2015.

How much cash does Skechers U.S.A. have?

In the past 9 years, Skechers U.S.A.'s cash and equivalents has ranged from $507.99 million in 2015 to $1.37 billion in 2020, and is currently $1.12 billion as of their latest financial filing in 2024.

How has Skechers U.S.A.'s book value per share changed over the last 9 years?

Over the last 9 years, Skechers U.S.A.'s book value per share changed from 8.50 in 2015 to 28.33 in 2024, a change of 233.5%.

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This page (NYSE:SKX) was last updated on 5/29/2025 by MarketBeat.com Staff

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Skechers U.S.A. (SKX) Financials

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Skechers U.S.A. (SKX) Financials

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