An industry chapter · Footwear & Accessories

Footwear & Accessories

13 members, BIRK to WWW, A to Z by ticker.

Gross profitability: median 55% — gross profit as a share of total assets, each member's median across its readable years; read on 13 of 13 members
Capital intensity: median 1.8% — capital expenditure as a share of revenue, each member's median across its readable years; read on 13 of 13 members
Net cash: 6 of the 13 members with a readable debt line hold more cash and short-term investments than total debt

Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.

From the latest filings · data as of July 9, 2026.

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BIRK Birkenstock Holding plc

A consumer-brand business, where the durable asset is the brand and the pricing power it commands.

Owner earnings 2022–2025 €163M€257M€363M€308M

Retained capital Retained €802M of earnings over 2022–2025; annual owner earnings grew €48M, €0.06 per €1 retained.

Balance sheet Modest net debt, €898M

CAL Caleres

We employ our "One Caleres" capabilities design, sourcing, speed and marketing, working in unison to accelerate growth.

Owner earnings 2017–2026 $133M$147M$67M$126M$110M$150M$70M$156M$55M$55M

Retained capital Paid out $44M more than it earned over 2017–2026; annual owner earnings fell $27M.

Balance sheet Heavy net debt, $503M · dividend paid 10 of 10 yrs, never cut

CPRI Capri Holdings

Capri Holdings Limited is a global fashion luxury group consisting of iconic brands Michael Kors and Jimmy Choo.

Owner earnings 2017–2026 $870M$942M$513M$636M$513M$573M$545M$174M$207M$14M

Retained capital Paid out $2.3B more than it earned over 2017–2026; annual owner earnings fell $643M.

Balance sheet Heavy net debt, $222M

CROX Crocs Inc.

Crocs, Inc. and our consolidated subsidiaries are engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for all.

Owner earnings 2016–2025 $18M$85M$102M$66M$239M$535M$564M$876M$923M$659M

Retained capital Retained $663M of earnings over 2016–2025; annual owner earnings grew $751M, $1.13 per $1 retained.

Balance sheet Heavy net debt, $1.1B · buybacks at an average near $12.16

DECK Deckers Outdoor Corporation

We are a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities.

Owner earnings 2017–2026 $155M$293M$330M$254M$564M$121M$490M$976M$958M$1.1B

Retained capital Retained $1.4B of earnings over 2017–2026; annual owner earnings grew $751M, $0.52 per $1 retained.

Balance sheet Net cash, debt-free, +$1.9B · buybacks at an average near $55.41

MOV Movado Group Inc.

Movado Group designs, sources, markets and distributes quality watches globally.

Owner earnings 2017–2026 $52M$49M$76M$19M$65M$125M$47M$69M($9M)$53M

Retained capital Paid out $31M more than it earned over 2017–2026; annual owner earnings fell $21M.

Balance sheet Net cash, debt-free, +$264M · buybacks at an average near $24.53 · dividend paid 9 of 10 yrs, cut at least once

NKE Nike Inc.

Nike designs and sells athletic footwear, apparel, and equipment under its own brand. Most of the money comes from footwear, with apparel second and equipment a small remainder. It does not run the factories: nearly all the goods are made by independent contractors, mostly overseas, while Nike keeps the design, the marketing, and the name.

Owner earnings 2017–2026 $3.1B$4.2B$5.2B$1.8B$6.0B$4.4B$5.1B$6.6B$3.3B$2.2B

Retained capital Paid out $8.2B more than it earned over 2017–2026; annual owner earnings fell $159M.

Balance sheet Net cash, +$617M · dividend paid 10 of 10 yrs, never cut

ONON On Holding AG

A consumer-brand business, where the durable asset is the brand and the pricing power it commands.

Owner earnings 2019–2025 (CHF 11M)(CHF 26M)(CHF 8M)(CHF 273M)CHF 189MCHF 450MCHF 287M

Retained capital Retained CHF 384M of earnings over 2019–2025; annual owner earnings grew CHF 323M, CHF 0.84 per CHF 1 retained.

Balance sheet Net cash, debt-free, +CHF 1.1B

SHOO Steven Madden Ltd.

Steven Madden, Ltd. design, source, and market fashion-forward branded and private label footwear, accessories, and apparel.

Owner earnings 2016–2025 $138M$143M$142M$215M$38M$153M$252M$214M$178M$129M

Retained capital Paid out $75M more than it earned over 2016–2025; annual owner earnings grew $33M.

Balance sheet Modest net debt, $122M · buybacks at an average near $28.78 · dividend paid 8 of 10 yrs, cut at least once

SKX Skechers U.S.A.

A consumer-brand business, where the durable asset is the brand and the pricing power it commands.

Owner earnings 2016–2024 $296M$63M$459M$315M$189M$73M$85M$1.0B$476M

Retained capital Retained $2.8B of earnings over 2016–2024; annual owner earnings grew $264M, $0.10 per $1 retained.

Balance sheet Net cash, +$813M · buybacks at an average near $47.69

TPR Tapestry Inc.

Tapestry Inc. is a house of iconic accessories and lifestyle brands.

Owner earnings 2016–2025 $540M$635M$730M$518M$202M$1.2B$759M$791M$1.1B$1.1B

Retained capital Paid out $2.4B more than it earned over 2016–2025; annual owner earnings grew $376M.

Balance sheet Meaningful net debt, $1.3B · dividend paid 9 of 10 yrs, cut at least once

WEYS Weyco Group Inc.

Weyco Group, Inc. designs, markets, and distributes quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, and BOGS.

Owner earnings 2017–2025 $32M$12M$2M$37M$5M($32M)$95M$36M$36M

Retained capital Retained $50M of earnings over 2017–2025; annual owner earnings grew $41M, $0.82 per $1 retained.

Balance sheet Net cash, debt-free, +$96M · buybacks at an average near $27.06 · dividend paid 9 of 9 yrs, cut at least once

WWW Wolverine World Wide

Also markets Merrell and Wolverine brand apparel and accessories and licenses some of its brands for use on non-footwear products, including Hush Puppies apparel, eyewear, watches, socks, handbags and plush toys; Wolverine eyewear and gloves; and Saucony apparel.

Owner earnings 2015–2026 $285M$241M$170M$76M$188M$299M($215M)$107M$160M$126M

Retained capital Paid out $685M more than it earned over 2015–2026; annual owner earnings fell $101M.

Balance sheet Heavy net debt, $894M · buybacks at an average near $30.06 · dividend paid 10 of 10 yrs, never cut

The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.