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U.S. Footwear Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies14
  • 7D-11.0%
  • 3M-13.7%
  • 1Y-27.8%
  • YTDn/a

Over the last 7 days, the Footwear industry has dropped 11%, driven by NIKE declining 16%. However, the industry is down 28% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025US$134.9bUS$66.9bUS$4.5b19.7x30x2x
Fri, 21 Nov 2025US$134.6bUS$66.6bUS$4.8b21.1x27.9x2x
Sun, 19 Oct 2025US$145.3bUS$66.4bUS$4.8b21.5x30.4x2.2x
Tue, 16 Sep 2025US$157.3bUS$66.3bUS$5.1b23.5x30.8x2.4x
Thu, 14 Aug 2025US$169.5bUS$75.5bUS$5.7b20.5x29.8x2.2x
Sat, 12 Jul 2025US$169.8bUS$74.8bUS$6.5b15.6x26.1x2.3x
Mon, 09 Jun 2025US$155.9bUS$76.2bUS$7.8b15.8x20x2x
Wed, 07 May 2025US$146.1bUS$75.7bUS$7.7b16.6x18.9x1.9x
Fri, 04 Apr 2025US$156.0bUS$75.4bUS$7.7b13.8x20.2x2.1x
Sun, 02 Mar 2025US$182.1bUS$76.1bUS$7.9b18.4x23.1x2.4x
Tue, 28 Jan 2025US$195.0bUS$75.5bUS$7.6b18.1x25.8x2.6x
Thu, 26 Dec 2024US$197.3bUS$75.5bUS$7.6b17.9x26.1x2.6x
Sat, 23 Nov 2024US$186.7bUS$76.5bUS$7.9b18.4x23.6x2.4x
Mon, 21 Oct 2024US$196.5bUS$75.9bUS$7.8b19.6x25.2x2.6x
Wed, 18 Sep 2024US$191.9bUS$77.4bUS$8.2b19x23.4x2.5x
Fri, 16 Aug 2024US$187.2bUS$77.2bUS$8.2b17.8x22.9x2.4x
Sun, 14 Jul 2024US$179.7bUS$76.7bUS$8.1b18.7x22.2x2.3x
Tue, 11 Jun 2024US$221.8bUS$76.9bUS$7.6b20.8x29.2x2.9x
Thu, 09 May 2024US$205.5bUS$76.5bUS$7.5b20.1x27.4x2.7x
Sat, 06 Apr 2024US$196.3bUS$76.4bUS$7.5b19x26.3x2.6x
Mon, 04 Mar 2024US$219.1bUS$76.3bUS$7.6b18.6x29x2.9x
Wed, 31 Jan 2024US$215.8bUS$76.1bUS$7.1b20.2x30.6x2.8x
Fri, 29 Dec 2023US$218.9bUS$76.1bUS$7.2b22.4x30.6x2.9x
Sun, 26 Nov 2023US$215.5bUS$75.9bUS$6.9b19.2x31.2x2.8x
Tue, 24 Oct 2023US$201.0bUS$75.5bUS$6.7b15.7x29.8x2.7x
Thu, 21 Sep 2023US$183.3bUS$73.7bUS$6.6b14.9x27.8x2.5x
Sat, 19 Aug 2023US$202.1bUS$73.7bUS$6.6b16.3x30.7x2.7x
Mon, 17 Jul 2023US$210.5bUS$73.6bUS$6.6b16.8x31.8x2.9x
Wed, 14 Jun 2023US$205.9bUS$72.9bUS$7.0b17.1x29.3x2.8x
Fri, 12 May 2023US$230.9bUS$72.6bUS$7.0b16.9x33.1x3.2x
Sun, 09 Apr 2023US$225.0bUS$72.4bUS$6.9b16.6x32.6x3.1x
Tue, 07 Mar 2023US$225.6bUS$70.7bUS$6.9b14.3x32.7x3.2x
Thu, 02 Feb 2023US$240.0bUS$70.1bUS$7.6b11.1x31.7x3.4x
Sat, 31 Dec 2022US$216.8bUS$70.0bUS$7.6b9.6x28.6x3.1x
Price to Earnings Ratio

28.6x


Total Market Cap: US$216.8bTotal Earnings: US$7.6bTotal Revenue: US$70.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Footwear Industry Price to Earnings3Y Average 27.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Footwear industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.5x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Footwear industry have declined 16% 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 Market0.99%
Consumer Discretionary1.28%
Luxury-5.85%
Footwear-11.00%
Apparel, Accessories and Luxury Goods0.17%
Textiles-6.20%
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
CROX CrocsUS$89.980.3%
+US$11.9m		-19.9%PE25.6x

Latest News

NKE
US$57.34
NIKE
7D
-14.6%
1Y
-25.3%
DECK
US$100.68
Deckers Outdoor
7D
-3.4%
1Y
-51.6%

DECK: Brand Strength And Buybacks Will Support Future Upside Potential

Analysts have trimmed their price target on Deckers Outdoor by about $0.60 per share, reflecting slightly lower fair value and profit margin assumptions, even as they acknowledge resilient Hoka and Ugg growth prospects and an overall still-attractive valuation. Analyst Commentary Recent Street research reflects a divided but generally constructive view on Deckers Outdoor, with shifts in ratings and price targets driven by updated assessments of growth durability, margin trajectory, and valuation support.
BIRK
US$42.69
Birkenstock Holding
7D
-9.7%
1Y
-29.0%
WWW
US$17.52
Wolverine World Wide
7D
-6.8%
1Y
-23.6%

WWW: Higher Value Brand Mix Will Drive Future Margin Expansion Despite Saucony Headwinds

Analysts have trimmed their average price target for Wolverine World Wide, now clustering around the mid 20 dollar range versus prior expectations in the low to mid 30 dollar range, citing more conservative guidance, anticipated deceleration in growth for key brands like Saucony, and a slower near term margin improvement trajectory, even as the long term mix shift story remains intact. Analyst Commentary Recent Street research reflects a more nuanced stance on Wolverine World Wide, with both optimism around the company’s long term repositioning and concern about near term execution risks and growth durability.
SHOO
US$42.71
Steven Madden
7D
-0.4%
1Y
1.0%

SHOO: Margin Recovery And Fast Inventory Turns Will Support Future Earnings Power

Analysts have nudged their fair value estimate for Steven Madden higher to $45.50 from $43.75, citing a series of recent target hikes into the low to mid $40s and growing conviction that margin recovery and underappreciated long term earnings power justify a modestly richer valuation multiple. Analyst Commentary Bullish analysts highlight that the recent string of upgrades and target hikes into the low to mid $40s reflects growing confidence that Steven Madden is in the early stages of a multi year earnings recovery, with current valuation multiples still not fully embedding that trajectory.
ONON
US$47.89
On Holding
7D
-0.8%
1Y
-15.2%

ONON: Beat And Raise Execution Will Support Premium Multiple Ahead

Analysts have nudged our fair value estimate for On Holding modestly higher to approximately $62 from about $61, reflecting slightly stronger long term revenue growth expectations, a marginally lower discount rate, and confidence in the company’s ability to sustain premium valuation multiples despite mixed but generally constructive changes in Street price targets. Analyst Commentary Street research following the Q3 report reflects a generally constructive stance on On Holding, with most firms acknowledging strong execution, durable growth, and robust brand momentum, even as some temper price targets to better reflect sector wide multiple compression and competitive risk.
CROX
US$89.98
Crocs
7D
0.3%
1Y
-19.9%

CROX Shares Will Reflect U.S. Demand Reset And Promotion Pullback Over Time

Analysts have trimmed their fair value estimate for Crocs shares by approximately $2, reflecting cautious views on U.S. demand headwinds and promotional pullbacks that, while pressuring near term results, are expected to support healthier margins and a lower future earnings multiple over time. Analyst Commentary Analysts remain divided on Crocs, balancing concern over near term demand softness with recognition that current strategic moves could enhance the brand and earnings quality over time.
BIRD
US$4.04
Allbirds
7D
-0.7%
1Y
-43.8%

BIRD: Long Term Profit Margins Will Drive Future Sentiment Higher

Analysts have trimmed their price target on Allbirds to approximately 14 dollars per share. This reflects a slightly higher discount rate and lower projected profit margins, which are only partially offset by expectations for a richer future earnings multiple.
RCKY
US$29.87
Rocky Brands
7D
-2.9%
1Y
31.1%