CROX vs NKE.

→No axis separates them by more than 2 of six checks, and the widest is Growth.

	CROX	NKE
Growth	3/6	1/6
Quality	6/6	4/6
Value	3/6	2/6
Health	4/6	5/6
Trend analysis	1/6	0/6
Shareholder returns	4/6	4/6
All checks	21/36	16/36

→Nike turns over $46.4B to Crocs's $4.1B, 11.4 times as much. Crocs keeps 14.6% of revenue as profit against 6.7% at Nike.

→Nike grew revenue faster last year, +0.2% against -2.0% at Crocs - 2 points apart. Over three years the order is the same, Crocs at +4.4% and Nike at -3.2%.

	CROX	NKE
Revenue (TTM)	$4.1B	$46.4B
Revenue growth, 1 year	-2.0%	+0.2%
Revenue CAGR, 3 years	+4.4%	-3.2%
Net income (TTM)	$593M	$3.1B
Free cash flow (TTM)	$705M	$2.2B

→Crocs keeps more of each sale: gross margin of 57.5% against 42.9%, a gap of 15 points that flows into everything below it.

	CROX	NKE
Gross margin	57.5%	42.9%
Operating margin	20.7%	-
Return on equity	42.9%	20.9%

→Crocs is the cheaper of the two on earnings, 10.4x against 18.2x. Against their own histories, Crocs is above its 10.3x median and Nike is below its 31.8x.

	CROX	NKE
Share price	$114.35	$38.10
Market cap	$5.5B	$32.6B
P/E	10.4x	18.2x
P/E, own median own 8-year median / own 11-year median	10.3x	31.8x
P/S	1.4x	0.7x
Free cash flow yield	12.9%	6.7%

→Both lean on debt to a similar degree, 0.95x to equity at Crocs and 0.53x at Nike.

	CROX	NKE
Debt / equity	0.95x	0.53x
Interest coverage	10.1x	-
Cash and short-term investments	$170M	$10.1B

→Nike pays 7.4% at today's price and Crocs effectively pays nothing, which is the clearest difference in what each hands back.

	CROX	NKE
Dividend yield	-	7.4%
Payout ratio	-	77.4%
Years of unbroken dividend	-	-