Birkenstock (BIRK)
Makes footbed-based footwear through a vertically integrated European manufacturing model.
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Sells footbed-based sandals and closed-toe footwear, alongside skincare and accessories, through wholesale, online, and retail channels. The Americas are its largest regional business, while core silhouettes supply most revenue.
Built around its proprietary footbed, the portfolio spans sandals, closed-toe footwear, skincare, and accessories. Madrid, Arizona, Boston, Gizeh, and Mayari are the core silhouettes and account for most revenue.
Sales move through third-party retail networks and direct-to-consumer channels, including Birkenstock.com and company stores. The Americas form the largest regional segment, followed by EMEA and APAC.
Footwear is engineered and produced in the EU through vertically integrated manufacturing, with materials and components primarily sourced from European suppliers. Demand follows seasonal weather patterns, and production capacity remains concentrated in those EU operations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Guggenheim | Reiterate | Rating: —Target: $60 | Target: $55 |
| Sep 9, 2026 | BMO Capital | Downgrade | ||
| Sep 8, 2026 | BMO Capital | Initiate | Rating: —Target: $75 | Target: $35 |
| Aug 14, 2026 | Telsey Advisory | Reiterate | Rating: —Target: $45 | Target: $50 |
| Aug 3, 2026 | William Blair | Downgrade | Rating: —Target: — | Target: $44 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $790.5M · Total debt $2.19B · Total assets $6.45B · Shareholders' equity $3.19B
- Revenue
- $833.9M
- Operating income
- $239.9M
- Net income
- $127.0M
Reported in EUR, converted at the latest exchange rate
No dividends on record.
| Institutions | 91.98% | 169.16M ADS | |
|---|---|---|---|
| 266 holders · as of Jun 30, 2026 | |||
| Insiders | 38.91% | 71.56M ADS | |
| 11 holders · as of Aug 17, 2026 | |||
| Adds to | 130.89% | ||
183.91M ADS as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 130.89%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Catterton Management Company, L.L.C.Institution | 54.06% | 99.42M ADS | as of Jun 30, 2026 |
James Michael ChuInsiderdirector | 38.75% | 71.27M ordinary | filed Aug 17, 2026 |
Bamco Inc /NY/Institution | 8.01% | 14.74M ADS | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 5.05% | 9.28M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 2.53% | 4.65M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | James Michael Chu | director | −28,146,226 | $39.18 |
| Jun 8, 2026 | Mehdi Nico Bouyakhf | officer: President EMEA | −30,000 | $43.50 |
| Jun 5, 2026 | Mehdi Nico Bouyakhf | officer: President EMEA | −60,000 | $42.07 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Birkenstock | $31.10 | −1.83% | $5.83B | 15.1 | 11.7 | 2.2 | +9.9% |
| Crocs | $123.00 | −1.27% | $5.97B | 10.8 | 8.5 | 1.5 | +2.6% |
| Deckers Brands | $78.36 | −1.84% | $10.87B | 11.3 | 10.3 | 2.0 | +5.7% |
| Doximity | $26.61 | +0.36% | $4.96B | 31.2 | 19.0 | 7.6 | +7.3% |
| Wolverine Worldwide | $19.27 | −3.02% | $1.63B | 15.3 | 11.0 | 0.8 | +6.8% |
| On | $29.67 | +0.95% | $9.80B | 20.3 | 15.7 | 2.5 | +11.6% |
| Median | 15.3 | 11.0 | 2.0 | +6.8% |