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Nike vs Crocs: NKE and CROX compared
Nike is the larger company: $11.2B of revenue in its latest quarter (Q1 FY27) against $1.0B for Crocs (Q3 2026). Crocs is growing faster (+5% against -4% a year earlier). Crocs is more profitable, with an operating margin of 28.0% against 8.2%.
Where the money goes: NKE and CROX
Nike (NKE) · Q1 FY27
Nike, Q1 FY27: revenue $11.2B (-4% year over year), operating margin 8.2%, net earnings $712M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
Crocs (CROX) · Q3 2026
Crocs, Q3 2026: revenue $1.0B (+5% year over year), operating margin 28.0%, net earnings $217M, operating cash flow $290M. The chart follows the revenue to costs, profit and cash.
| Nike (NKE) | Crocs (CROX) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $11.2B | $1.0B |
| Revenue growth, Y/Y | -4% | +5% |
| Gross margin | 42.8% | 66.2% |
| Operating margin | 8.2% | 28.0% |
| Net earnings | $712M | $217M |
| Net margin | 6.3% | 20.8% |
| Operating cash flow | $135M | $290M |
| Free cash flow | — | $276M |
| Market value | $57.3B | $7.3B |
| P/E | 18.5× | 11.5× |
| Analysts’ mean target | $36.42 | $164.67 |
Where the revenue comes from
Nike
- Footwear: $7.2B (64%)
- Apparel: $3.4B (30%)
- Equipment: $617M (6%)
- Other: $26.0M (0%)
Crocs
- Crocs Brand: $873M (84%)
- HEYDUDE Brand: $170M (16%)
Questions
Which is bigger, Nike or Crocs?
Nike is the larger company: $11.2B of revenue in its latest quarter (Q1 FY27) against $1.0B for Crocs (Q3 2026).
Is Nike or Crocs growing faster?
Crocs is growing faster (+5% against -4% a year earlier).
Which is more profitable, Nike or Crocs?
Crocs is more profitable, with an operating margin of 28.0% against 8.2%.
More: Nike earnings · how Nike makes money · Crocs earnings · how Crocs makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 2, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.