Footwear benchmarks from annual reports

What 5 US-listed companies selling shoes report: a median gross margin of 42.9%, from 41.0% to 58.3%. Read 13 October 2026.

Gross margin, footwear: gross profit over revenue in each company's latest annual report.
  1. Crocs58.3%
  2. Deckers Outdoor57.7%
  3. NIKE42.9%
  4. Steven Madden41.6%
  5. Allbirds (Smartbird, Inc.)41.0%

Median 42.9%, marked on each bar.

What each annual report states. A dash: the report gives no such figure.
CompanyGross marginAverage order valueReturn rateSubscription share of salesFulfilment cost as a share of sales
NIKE NKEForm 10-K for the year ended 31 May 2026, read 13 October 2026 (opens in a new tab)42.9%Revenue $46.40 billion, gross profit $19.91 billionNot statedNot statedNot statedNot stated
Crocs CROXForm 10-K for the year ended 31 December 2025, read 13 October 2026 (opens in a new tab)58.3%Revenue $4.04 billion, gross profit $2.36 billionNot statedNot statedNot statedNot stated
Deckers Outdoor DECKForm 10-K for the year ended 31 March 2026, read 13 October 2026 (opens in a new tab)57.7%Revenue $5.47 billion, gross profit $3.16 billionNot statedNot statedNot statedNot stated
Steven Madden SHOOForm 10-K for the year ended 31 December 2025, read 13 October 2026 (opens in a new tab)41.6%Revenue $2.52 billion, gross profit $1.05 billionNot statedNot statedNot statedNot stated
Allbirds (Smartbird, Inc.) BIRDForm 10-K for the year ended 31 December 2025, read 13 October 2026 (opens in a new tab)41.0%Revenue $152.5 million, gross profit $62.6 millionNot statedNot statedNot statedNot stated

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Offers priced on these costs, with their sources and the offer document for each:

How to read them

Gross profit divided by revenue, both from the income statement of the annual report. Companies differ in what they put in cost of sales: some include store occupancy, warehousing or shipping to the customer, others report those below gross profit. Read a company's margin next to its own accounting policy before comparing two.

The median of these 5 companies is 42.9%, between Allbirds (Smartbird, Inc.) at 41.0% and Crocs at 58.3%. They are whole companies, most with stores or wholesale beside their own site, so treat the figures as reference points for your own costs.

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