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U.S. Footwear Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies13
  • 7D-1.6%
  • 3M8.3%
  • 1Y-19.4%
  • YTDn/a

Over the last 7 days, the Footwear industry has dropped 1.6%, driven by a pullback from NIKE of 1.5%. The industry has fallen 19% in the last year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.S. Footwear Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025US$154.2bUS$66.3bUS$5.1b23.1x30.3x2.3x
Sat, 23 Aug 2025US$170.6bUS$75.6bUS$5.8b21.4x29.6x2.3x
Mon, 21 Jul 2025US$167.8bUS$74.8bUS$6.5b15.3x25.8x2.2x
Wed, 18 Jun 2025US$152.3bUS$76.2bUS$7.8b15.3x19.6x2x
Fri, 16 May 2025US$158.8bUS$76.0bUS$7.7b16.6x20.5x2.1x
Sun, 13 Apr 2025US$135.2bUS$75.6bUS$7.7b14.6x17.5x1.8x
Tue, 11 Mar 2025US$177.1bUS$76.4bUS$8.0b16.2x22x2.3x
Thu, 06 Feb 2025US$190.1bUS$75.7bUS$7.6b17.9x24.9x2.5x
Sat, 04 Jan 2025US$191.0bUS$75.4bUS$7.6b17.7x25.3x2.5x
Mon, 02 Dec 2024US$196.7bUS$76.5bUS$7.9b19.3x24.9x2.6x
Wed, 30 Oct 2024US$191.3bUS$76.5bUS$7.9b18.2x24.1x2.5x
Fri, 27 Sep 2024US$204.5bUS$77.4bUS$8.2b19.6x25x2.6x
Sun, 25 Aug 2024US$201.1bUS$77.3bUS$8.2b18.3x24.6x2.6x
Tue, 23 Jul 2024US$177.4bUS$76.7bUS$8.1b19.8x22x2.3x
Thu, 20 Jun 2024US$219.1bUS$76.9bUS$7.6b20.6x28.8x2.8x
Sat, 18 May 2024US$205.3bUS$76.6bUS$7.5b21.2x27.2x2.7x
Mon, 15 Apr 2024US$198.7bUS$76.3bUS$7.5b18.8x26.6x2.6x
Wed, 13 Mar 2024US$217.1bUS$76.3bUS$7.6b18.7x28.7x2.8x
Fri, 09 Feb 2024US$215.1bUS$76.4bUS$7.2b19.7x30x2.8x
Sun, 07 Jan 2024US$207.2bUS$76.1bUS$7.2b19.2x29x2.7x
Tue, 05 Dec 2023US$228.8bUS$75.9bUS$6.9b21.8x33.2x3x
Thu, 02 Nov 2023US$204.0bUS$75.8bUS$6.9b14.8x29.7x2.7x
Sat, 30 Sep 2023US$174.8bUS$73.9bUS$6.6b15.3x26.6x2.4x
Mon, 28 Aug 2023US$191.0bUS$73.7bUS$6.6b15.6x29x2.6x
Wed, 26 Jul 2023US$211.1bUS$73.6bUS$6.6b16.9x31.9x2.9x
Fri, 23 Jun 2023US$210.3bUS$72.9bUS$7.0b16.5x29.9x2.9x
Sun, 21 May 2023US$215.6bUS$72.8bUS$7.0b16.4x30.8x3x
Tue, 18 Apr 2023US$236.7bUS$72.4bUS$6.9b18.2x34.3x3.3x
Thu, 16 Mar 2023US$218.9bUS$70.7bUS$6.9b13.4x31.8x3.1x
Sat, 11 Feb 2023US$225.6bUS$70.4bUS$7.3b11.6x30.9x3.2x
Mon, 09 Jan 2023US$227.5bUS$70.0bUS$7.6b9.8x30x3.2x
Wed, 07 Dec 2022US$201.2bUS$68.1bUS$7.6b10x26.5x3x
Fri, 04 Nov 2022US$169.8bUS$67.4bUS$7.5b9.9x22.5x2.5x
Sun, 02 Oct 2022US$157.0bUS$66.9bUS$7.6b9.3x20.8x2.3x
Price to Earnings Ratio

20.8x


Total Market Cap: US$157.0bTotal Earnings: US$7.6bTotal Revenue: US$66.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Footwear Industry Price to Earnings3Y Average 27.1x202320242025
Current Industry PE
  • Investors are optimistic on the American Footwear industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.3x which is higher than its 3-year average PE of 27.1x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Footwear industry have declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Footwear compare with similar industries?

US Market0.26%
Consumer Discretionary-0.95%
Luxury-0.56%
Footwear-1.58%
Apparel, Accessories and Luxury Goods0.78%
Textiles0.64%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ONON On HoldingUS$45.764.4%
+US$627.0m		-8.8%PE87.5x
SHOO Steven MaddenUS$32.821.0%
+US$24.0m		-31.4%PE26.2x

Latest News

BIRK
US$45.34
Birkenstock Holding
7D
-0.7%
1Y
-8.1%
WWW
US$28.35
Wolverine World Wide
7D
-7.5%
1Y
76.3%
SHOO
US$32.82
Steven Madden
7D
1.0%
1Y
-31.4%

Digital Focus And Global Expansion Will Define Future Trends

Analysts have raised their price target for Steven Madden to $30.00, citing faster-than-peer inventory turnover, underappreciated margin recovery potential—including improvements from the Kurt Geiger acquisition—and the prospect of earnings power exceeding $4 per share, which together justify further upside from current valuation levels. Analyst Commentary Steven Madden's fast inventory turnover positions it for a faster recovery from tariff impacts compared to peers.
ONON
US$45.76
On Holding
7D
4.4%
1Y
-8.8%

DTC Channel Expansion And Global Reach Will Secure Future Success

On Holding's consensus price target was modestly raised to $66.76 as analysts reflected optimism about sustained earnings outperformance and prudent guidance, though some remain cautious about potential growth deceleration and market limitations, resulting in only a slight upward revision in fair value. Analyst Commentary Bullish analysts expect multiple expansion as the company continues to deliver beat-and-raise earnings reports.
NKE
US$71.22
NIKE
7D
-1.5%
1Y
-19.1%

Product Portfolio Transition And Digital Cleanup Will Create New Opportunities

Analysts have modestly raised their price target for NIKE to $79.76, reflecting improved sales and margin prospects—especially from cleaner U.S. channels, strong demand for key franchises, and better inventory management—though ongoing China, tariff, and macro risks temper the near-term outlook. Analyst Commentary Bullish analysts highlight improving sales and margins, citing accelerated inventory normalization, cleaner U.S. channels, rising holiday order books, and renewed retailer enthusiasm, particularly for Air Force One and Jordan Retro.
CROX
US$77.49
Crocs
7D
-3.8%
1Y
-45.8%

Asia And Europe Expansion Will Secure Lasting Market Strength

Analysts lowered their price target for Crocs from $91.83 to $87.83 amid concerns about softening sales growth, U.S. consumer demand shifts, macro headwinds, and ongoing pressure from the HEYDUDE brand, despite some optimism over management's reaffirmed guidance and leadership changes. Analyst Commentary Ongoing concerns about muted sales growth, limited visibility into revenue recovery through 2026, and challenging U.S. market trends are prompting downward price target revisions and rating downgrades by bearish analysts.
DECK
US$111.23
Deckers Outdoor
7D
-6.3%
1Y
-28.0%
BIRD
US$6.07
Allbirds
7D
-0.3%
1Y
-51.4%
RCKY
US$29.35
Rocky Brands
7D
-0.7%
1Y
-4.3%