Forensic Analysis · General / Diversified · as of Jun 27, 2026
Crocs, Inc. (CROX)
A forensic read on Crocs, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
A · High-quality compounder
Forensic grade
Safe
Financial health
3.7
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-7.5%
ROE
$6.3B
Market cap
Crocs, Inc. earns a A (High-quality compounder) forensic quality grade, and its Altman Z-score is 3.7, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
2%Return on invested capital.Return on invested capital is 2% and slipping from 17% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$307MGoodwill impairments.Took $307M of goodwill writedowns across 1 year(s) (FY2025 ($307M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-2.0%
Debt / Equity0.95x
Free Cash Flow$659.2M
Latest Revenue$4.04B
Return on Equity-6.3%
Revenue Growth YoY-1.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Crocs, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about CROX's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown