BIRK
Birkenstock Holding plc
BIRK has the edge over F overall, supported by stronger fundamentals and stronger modeled upside.
F
Ford Motor Company
F has lower modeled downside risk, despite its lower overall score.
BIRK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Stable |
BIRK's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
F Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
F's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
BIRK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $34.66 | -2.9% |
| Current | 17x | $35.70 | — |
| Fair | 32x | $64.55 | +81% |
| Expensive | 96x | $195 | +447% |
Historical ranges are pointers, not guarantees.
BIRK's PE is 17x, but its earnings don't support one, so it isn't a reliable read right now.
F PE Valuation
F has no meaningful PE right now: it lost money over the past year.
BIRK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BIRK, with profitability holding steady.
F Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect F's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
BIRK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.04 | +12% |
| Q1 2026 | $2.13 | +42% |
| Q4 2025 | $2.26 | +74% |
| Q3 2025 | $2.08 | +84% |
| Q2 2025 | $1.82 | +176% |
| Q1 2025 | $1.50 | +154% |
| Q4 2024 | $1.30 | +177% |
| Q3 2024 | $1.13 | +146% |
BIRK has the edge over F on earnings quality, reporting a profit while its opponent remains loss making.
F Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.78 | — |
| Q3 2026 | -$1.97 | -270% |
| Q2 2026 | -$1.87 | -340% |
| Q1 2026 | -$1.55 | -224% |
| Q4 2025 | -$2.06 | -241% |
| Q3 2025 | $1.16 | +32% |
| Q2 2025 | $0.78 | -19% |
| Q1 2025 | $1.25 | +29% |
| Q4 2024 | $1.46 | +35% |
F has swung to a loss: it lost $1.97 per share over the past year, after a profit the year before.
BIRK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $812.6M | +15% |
| Q1 2026 | $698.2M | +9.4% |
| Q4 2025 | $446.5M | +11% |
| Q3 2025 | $584.7M | +15% |
| Q2 2025 | $705.5M | +12% |
| Q1 2025 | $638M | +19% |
| Q4 2024 | $401.8M | +19% |
| Q3 2024 | $506.3M | +22% |
BIRK has the edge over F on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | -2.4 points |
| Q1 2026 | 26% | -4.3 points |
| Q4 2025 | 19% | +1.8 points |
| Q3 2025 | 21% | -0.1 points |
| Q2 2025 | 31% | +3.6 points |
| Q1 2025 | 31% | +3 points |
| Q4 2024 | 18% | +6 points |
| Q3 2024 | 21% | +15 points |
BIRK has the edge over F on profitability, with a higher operating margin.
F Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $49.5B | -2% |
| Q2 2026 | $48.3B | -3.8% |
| Q1 2026 | $43.3B | +6.4% |
| Q4 2025 | $45.9B | -4.8% |
| Q3 2025 | $50.5B | +9.4% |
| Q2 2025 | $50.2B | +5% |
| Q1 2025 | $40.7B | -5% |
| Q4 2024 | $48.2B | +4.9% |
F's revenue grew through 2023 and has held roughly level since: $49.5B last quarter, down 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.9% | -0.1 points |
| Q2 2026 | 1.3% | +0.3 points |
| Q1 2026 | 5.4% | +4.6 points |
| Q4 2025 | -25% | -28 points |
| Q3 2025 | 3.1% | +1.2 points |
| Q2 2025 | 1% | -2.9 points |
| Q1 2025 | 0.8% | -2.1 points |
| Q4 2024 | 2.5% | +3.1 points |
F's operating margin was 2.9% last quarter, about level with the same quarter a year ago.
BIRK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $224M | -16% |
| Q1 2026 | $2.2M | +$43.5M |
| Q4 2025 | -$72.7M | -$43.4M |
| Q3 2025 | $145.5M | +3.4% |
| Q2 2025 | $266.7M | -10% |
| Q1 2025 | -$41.3M | -212% |
| Q4 2024 | -$29.2M | +$41.4M |
| Q3 2024 | $140.8M | +32% |
BIRK still generates free cash flow, though less than at its 2024 peak: $299M over the past year.
F Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.1B | -40% |
| Q2 2026 | $2B | -54% |
| Q1 2026 | -$1.1B | -157% |
| Q4 2025 | $1.1B | +108% |
| Q3 2025 | $5.3B | +50% |
| Q2 2025 | $4.2B | +24% |
| Q1 2025 | $1.9B | +$2.6B |
| Q4 2024 | $530M | +169% |
F has the edge over BIRK on cash flow, with more consistent year-over-year improvement.
BIRK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -2.4M shares |
| 1 year | -2.7% | -5M shares |
| 3 years | -0.7% | -1.2M shares |
BIRK has the edge over F on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $260.5M |
| Q1 2026 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
F Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +89M shares |
| 1 year | +0.7% | +28M shares |
| 3 years | +0.6% | +26M shares |
| 5 years | +1% | +40M shares |
| Available history | +1.8% | +72M shares |
F has 4.1B diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $311M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $150M |
F spent $311M buying back its own shares over the past year, up 107% from the year before.
BIRK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.6x | Healthy |
| Q3 2024 | 1.6x | Healthy |
BIRK's net debt is about 1.8 years of its operating earnings (EBITDA), up from 1.4 years a year ago.
F Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
F has the edge over BIRK on leverage, with a lower net debt burden relative to earnings.
BIRK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.6 | Neutral |
| Stochastic | 39.8 | Neutral |
BIRK's weekly RSI is 48 (neutral) and its Stochastic is 40 (neutral).
F Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 19.6 | Oversold |
F's weekly RSI is 41 (neutral) and its Stochastic is 20 (oversold).
BIRK PE vs Consumer Cyclical Sector
| Metric | BIRK | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 3.1% below |
| PE % | 20 | 29 | 9 pts below |
BIRK is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
F PE vs Consumer Cyclical Sector
| Metric | F | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
F has no meaningful PE right now: it lost money over the past year.
BIRK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.2 | 4.4% above |
| 20 week MA | $36.7 | 2.6% below |
| 50 week MA | $38.8 | 8.1% below |
| 100 week MA | $44.3 | 19% below |
BIRK has stronger trend alignment. BIRK is above 1 of 4 weekly averages versus F above 0 of 5.
F Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.2 | 2.5% below |
| 20 week MA | $13.3 | 11% below |
| 50 week MA | $13.4 | 11% below |
| 100 week MA | $12.1 | 2% below |
| 200 week MA | $12.1 | 1.4% below |
F is in a downtrend: it's below all five of its weekly moving averages, and 1.4% below its 200-week average.
BIRK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $36.4 | $48.7 | +34% |
| 2024 | $48.7 | $59.1 | +21% |
| 2025 | $59.1 | $42.4 | -28% |
| 2026 YTD | $42.4 | $35.7 | -16% |
BIRK has finished higher in two of the last three years. It's down 16% so far in 2026.
F Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.36 | $8.86 | -5.3% |
| 2021 | $8.86 | $20.3 | +129% |
| 2022 | $20.3 | $11.4 | -44% |
| 2023 | $11.4 | $12.2 | +7.3% |
| 2024 | $12.2 | $10.0 | -18% |
| 2025 | $10.0 | $13.3 | +33% |
| 2026 YTD | $13.3 | $11.9 | -11% |
F has the edge over BIRK on returns for 2026, with the stronger performance.