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
We assign a fundamental rating of 5 out of 10 to SKX. 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year SKX was profitable.
- SKX had a positive operating cash flow in the past year.
- SKX had positive earnings in each of the past 5 years.
- SKX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 7.17%, SKX belongs to the best of the industry, outperforming 81.63% of the companies in the same industry.
- SKX's Return On Equity of 13.94% is fine compared to the rest of the industry. SKX outperforms 67.35% of its industry peers.
- With a decent Return On Invested Capital value of 9.63%, SKX is doing good in the industry, outperforming 65.31% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for SKX is in line with the industry average of 11.59%.
| Industry Rank | Sector 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%
1.3 Margins
- SKX's Profit Margin of 7.07% is amongst the best of the industry. SKX outperforms 83.67% of its industry peers.
- SKX's Profit Margin has been stable in the last couple of years.
- SKX has a better Operating Margin (8.89%) 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SKX is still creating some value.
- Compared to 1 year ago, SKX has less shares outstanding
- The number of shares outstanding for SKX has been reduced compared to 5 years ago.
- The debt/assets ratio for SKX is higher compared to a year ago.
2.2 Solvency
- SKX has an Altman-Z score of 3.63. This indicates that SKX is financially healthy and has little risk of bankruptcy at the moment.
- SKX's Altman-Z score of 3.63 is fine compared to the rest of the industry. SKX outperforms 67.35% of its industry peers.
- The Debt to FCF ratio of SKX is 9.25, which is on the high side as it means it would take SKX, 9.25 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 9.25, SKX is in line with its industry, outperforming 42.86% of the companies in the same industry.
- SKX has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 9.25 | ||
| Altman-Z | 3.63 |
ROIC/WACC0.93
WACC10.4%
2.3 Liquidity
- A Current Ratio of 2.09 indicates that SKX has no problem at all paying its short term obligations.
- SKX has a Current ratio of 2.09. This is comparable to the rest of the industry: SKX outperforms 59.18% of its industry peers.
- SKX has a Quick Ratio of 1.29. This is a normal value and indicates that SKX is financially healthy and should not expect problems in meeting its short term obligations.
- SKX has a better Quick ratio (1.29) than 63.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
- SKX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.43%, which is quite good.
- The Earnings Per Share has been growing by 12.92% on average over the past years. This is quite good.
- The Revenue has grown by 12.11% in the past year. This is quite good.
- Measured over the past years, SKX shows a quite strong growth in Revenue. The Revenue has been growing by 11.43% on average per year.
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
- The Earnings Per Share is expected to grow by 9.23% on average over the next years. This is quite good.
- The Revenue is expected to grow by 7.61% on average over the next years.
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.41 indicates a correct valuation of SKX.
- Compared to the rest of the industry, the Price/Earnings ratio of SKX indicates a somewhat cheap valuation: SKX is cheaper than 73.47% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.32. SKX is valued slightly cheaper when compared to this.
- A Price/Forward Earnings ratio of 16.73 indicates a correct valuation of SKX.
- SKX's Price/Forward Earnings ratio is in line with the industry average.
- When comparing the Price/Forward Earnings ratio of SKX to the average of the S&P500 Index (25.57), we can say SKX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 16.73 |
4.2 Price Multiples
- 65.31% of the companies in the same industry are more expensive than SKX, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, SKX is valued a bit more expensive than the industry average as 63.27% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 150.22 | ||
| EV/EBITDA | 7.79 |
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%
5. Dividend
5.1 Amount
- No dividends for SKX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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.