Skechers USA (SKX) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:SKX • US8305661055

63.13 USD
-0.07 (-0.11%)
At close: Sep 11, 2025
63.1701 USD
+0.04 (+0.06%)
After Hours: 9/11/2025, 8:14:18 PM
Fundamental Rating

5

Taking everything into account, SKX scores 5 out of 10 in our fundamental rating. SKX was compared to 45 industry peers in the Textiles, Apparel & Luxury Goods industry. While SKX has a great profitability rating, there are some minor concerns on its financial health. SKX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • SKX had positive earnings in the past year.
  • SKX had a positive operating cash flow in the past year.
  • SKX had positive earnings in each of the past 5 years.
  • Each year in the past 5 years SKX had a positive operating cash flow.
SKX Yearly Net Income VS EBIT VS OCF VS FCFSKX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

1.2 Ratios

  • SKX has a better Return On Assets (7.17%) than 81.63% of its industry peers.
  • The Return On Equity of SKX (13.94%) is better than 67.35% of its industry peers.
  • SKX's Return On Invested Capital of 9.63% is fine compared to the rest of the industry. SKX outperforms 65.31% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SKX is in line with the industry average of 11.62%.
Industry RankSector Rank
ROA 7.17%
ROE 13.94%
ROIC 9.63%
ROA(3y)6.74%
ROA(5y)6.66%
ROE(3y)12.99%
ROE(5y)13.14%
ROIC(3y)10.44%
ROIC(5y)8.75%
SKX Yearly ROA, ROE, ROICSKX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 7.07%, SKX belongs to the top of the industry, outperforming 83.67% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SKX has remained more or less at the same level.
  • The Operating Margin of SKX (8.89%) is better than 73.47% of its industry peers.
  • SKX's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 52.67%, SKX perfoms like the industry average, outperforming 59.18% of the companies in the same industry.
  • In the last couple of years the Gross Margin of SKX has grown nicely.
Industry RankSector Rank
OM 8.89%
PM (TTM) 7.07%
GM 52.67%
OM growth 3Y2.07%
OM growth 5Y0.3%
PM growth 3Y-15.34%
PM growth 5Y1.43%
GM growth 3Y2.39%
GM growth 5Y2.18%
SKX Yearly Profit, Operating, Gross MarginsSKX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SKX is creating some value.
  • SKX has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SKX has less shares outstanding
  • Compared to 1 year ago, SKX has a worse debt to assets ratio.
SKX Yearly Shares OutstandingSKX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
SKX Yearly Total Debt VS Total AssetsSKX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 3.63 indicates that SKX is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of SKX (3.63) is better than 67.35% of its industry peers.
  • SKX has a debt to FCF ratio of 9.25. This is a negative value and a sign of low solvency as SKX would need 9.25 years to pay back of all of its debts.
  • The Debt to FCF ratio of SKX (9.25) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.06 indicates that SKX is not too dependend on debt financing.
  • SKX has a Debt to Equity ratio of 0.06. This is amongst the best in the industry. SKX outperforms 83.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 9.25
Altman-Z 3.63
ROIC/WACC0.93
WACC10.4%
SKX Yearly LT Debt VS Equity VS FCFSKX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 2.09 indicates that SKX has no problem at all paying its short term obligations.
  • The Current ratio of SKX (2.09) is comparable to the rest of the industry.
  • A Quick Ratio of 1.29 indicates that SKX should not have too much problems paying its short term obligations.
  • SKX has a Quick ratio of 1.29. This is in the better half of the industry: SKX outperforms 63.27% of its industry peers.
Industry RankSector Rank
Current Ratio 2.09
Quick Ratio 1.29
SKX Yearly Current Assets VS Current LiabilitesSKX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 17.43% over the past year.
  • The Earnings Per Share has been growing by 12.92% on average over the past years. This is quite good.
  • Looking at the last year, SKX shows a quite strong growth in Revenue. The Revenue has grown by 12.11% in the last year.
  • The Revenue has been growing by 11.43% on average over the past years. This is quite good.
EPS 1Y (TTM)17.43%
EPS 3Y16.13%
EPS 5Y12.92%
EPS Q2Q%24.18%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y12.44%
Revenue growth 5Y11.43%
Sales Q2Q%13.09%

3.2 Future

  • SKX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.23% yearly.
  • SKX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.61% yearly.
EPS Next Y-9.59%
EPS Next 2Y-4.64%
EPS Next 3Y1.79%
EPS Next 5Y9.23%
Revenue Next Year7.85%
Revenue Next 2Y7.87%
Revenue Next 3Y6.66%
Revenue Next 5Y7.61%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SKX Yearly Revenue VS EstimatesSKX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
SKX Yearly EPS VS EstimatesSKX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.41, the valuation of SKX can be described as correct.
  • 73.47% of the companies in the same industry are more expensive than SKX, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of SKX to the average of the S&P500 Index (28.06), we can say SKX is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 16.73 indicates a correct valuation of SKX.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SKX is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, SKX is valued a bit cheaper.
Industry RankSector Rank
PE 14.41
Fwd PE 16.73
SKX Price Earnings VS Forward Price EarningsSKX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SKX is valued a bit cheaper than 65.31% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SKX indicates a slightly more expensive valuation: SKX is more expensive than 63.27% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 150.22
EV/EBITDA 7.79
SKX Per share dataSKX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • SKX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.12
EPS Next 2Y-4.64%
EPS Next 3Y1.79%

0

5. Dividend

5.1 Amount

  • No dividends for SKX!.
Industry RankSector Rank
Dividend Yield N/A

Skechers USA

NYSE:SKX (9/11/2025, 8:14:18 PM)

After market: 63.1701 +0.04 (+0.06%)

63.13

-0.07 (-0.11%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)08-08
Earnings (Next)10-22
Inst Owners98.53%
Inst Owner Change-73.67%
Ins Owners0.67%
Ins Owner Change-170.13%
Market Cap9.49B
Revenue(TTM)9.41B
Net Income(TTM)665.48M
Analysts67.37
Price Target63.34 (0.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.57%
Min EPS beat(2)13.02%
Max EPS beat(2)34.11%
EPS beat(4)3
Avg EPS beat(4)10.4%
Min EPS beat(4)-13.85%
Max EPS beat(4)34.11%
EPS beat(8)6
Avg EPS beat(8)9.07%
EPS beat(12)9
Avg EPS beat(12)18.82%
EPS beat(16)12
Avg EPS beat(16)15.96%
Revenue beat(2)1
Avg Revenue beat(2)0.57%
Min Revenue beat(2)-1.69%
Max Revenue beat(2)2.82%
Revenue beat(4)2
Avg Revenue beat(4)0.13%
Min Revenue beat(4)-1.69%
Max Revenue beat(4)2.82%
Revenue beat(8)3
Avg Revenue beat(8)-1.08%
Revenue beat(12)7
Avg Revenue beat(12)0.85%
Revenue beat(16)10
Avg Revenue beat(16)1.32%
PT rev (1m)-0.12%
PT rev (3m)-0.22%
EPS NQ rev (1m)-7.61%
EPS NQ rev (3m)-4.01%
EPS NY rev (1m)0%
EPS NY rev (3m)4.33%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 14.41
Fwd PE 16.73
P/S 1.01
P/FCF 150.22
P/OCF 14.8
P/B 1.99
P/tB 2.03
EV/EBITDA 7.79
EPS(TTM)4.38
EY6.94%
EPS(NY)3.77
Fwd EY5.98%
FCF(TTM)0.42
FCFY0.67%
OCF(TTM)4.27
OCFY6.76%
SpS62.63
BVpS31.78
TBVpS31.09
PEG (NY)N/A
PEG (5Y)1.12
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 7.17%
ROE 13.94%
ROCE 12.02%
ROIC 9.63%
ROICexc 12.15%
ROICexgc 12.38%
OM 8.89%
PM (TTM) 7.07%
GM 52.67%
FCFM 0.67%
ROA(3y)6.74%
ROA(5y)6.66%
ROE(3y)12.99%
ROE(5y)13.14%
ROIC(3y)10.44%
ROIC(5y)8.75%
ROICexc(3y)12.86%
ROICexc(5y)10.88%
ROICexgc(3y)13.12%
ROICexgc(5y)11.12%
ROCE(3y)12.76%
ROCE(5y)10.69%
ROICexgc growth 3Y7.76%
ROICexgc growth 5Y-0.63%
ROICexc growth 3Y7.89%
ROICexc growth 5Y-1.01%
OM growth 3Y2.07%
OM growth 5Y0.3%
PM growth 3Y-15.34%
PM growth 5Y1.43%
GM growth 3Y2.39%
GM growth 5Y2.18%
F-Score4
Asset Turnover1.01
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 9.25
Debt/EBITDA 0.25
Cap/Depr 252.38%
Cap/Sales 6.14%
Interest Coverage 30.18
Cash Conversion 60.14%
Profit Quality 9.49%
Current Ratio 2.09
Quick Ratio 1.29
Altman-Z 3.63
F-Score4
WACC10.4%
ROIC/WACC0.93
Cap/Depr(3y)202.85%
Cap/Depr(5y)209.49%
Cap/Sales(3y)4.51%
Cap/Sales(5y)5.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.43%
EPS 3Y16.13%
EPS 5Y12.92%
EPS Q2Q%24.18%
EPS Next Y-9.59%
EPS Next 2Y-4.64%
EPS Next 3Y1.79%
EPS Next 5Y9.23%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y12.44%
Revenue growth 5Y11.43%
Sales Q2Q%13.09%
Revenue Next Year7.85%
Revenue Next 2Y7.87%
Revenue Next 3Y6.66%
Revenue Next 5Y7.61%
EBIT growth 1Y-1.38%
EBIT growth 3Y14.77%
EBIT growth 5Y11.77%
EBIT Next Year8.09%
EBIT Next 3Y8.95%
EBIT Next 5Y15.37%
FCF growth 1Y-80.01%
FCF growth 3YN/A
FCF growth 5Y7.27%
OCF growth 1Y-2.7%
OCF growth 3Y47.97%
OCF growth 5Y10.01%

Skechers USA / SKX FAQ

What is the ChartMill fundamental rating of Skechers USA (SKX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to SKX.


Can you provide the valuation status for Skechers USA?

ChartMill assigns a valuation rating of 4 / 10 to Skechers USA (SKX). This can be considered as Fairly Valued.


How profitable is Skechers USA (SKX) stock?

Skechers USA (SKX) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for SKX stock?

The Price/Earnings (PE) ratio for Skechers USA (SKX) is 14.41 and the Price/Book (PB) ratio is 1.99.


What is the expected EPS growth for Skechers USA (SKX) stock?

The Earnings per Share (EPS) of Skechers USA (SKX) is expected to decline by -9.59% in the next year.