Birkenstock Holding plc vs Capri Holdings Ltd, two Luxury Goods stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Birkenstock sells premium sandals and footwear, Capri owns Michael Kors, Versace and Jimmy Choo, three once-strong luxury brands now in turnaround. The margin split is stark, Birkenstock keeping 17.72% of revenue against Capri's 3.94%, the German sandal maker earning more than four times as much per dollar sold. Birkenstock carries no debt and converts far more to free cash, a 3.56% yield against 0.6%. Birkenstock trades at 20.18 times earnings, Capri cheaper at 16.99, the discount reflecting a brand portfolio still fighting to recover its footing. At $8.2B against $2.3B, the sandal franchise is also the larger house by a wide margin.
Comparison updated 2026-07-11.
| Metric | BIRK | CPRI |
|---|---|---|
| Price | $45.50 | $18.05 |
| Market cap | $8.4B | $2.2B |
| Sector | Luxury Goods | Luxury Goods |
| Stage | Mature | Mature |
| Implied growth (priced in) | +17.3% | -3.8% |
| P/E | 20.6 | 15.8 |
| P/B | 2.78 | 25.91 |
| P/S | 3.60 | 0.63 |
| EV/EBITDA | 11.0 | 16.8 |
| Revenue growth | +14.6% | -4.1% |
| Gross margin | 55.7% | 64.8% |
| Operating margin | 19.5% | -3.4% |
| Net margin | 17.7% | 3.9% |
| Return on equity | 13.7% | 163.1% |
| Return on assets | 7.7% | 4.2% |
| Return on invested capital | 14.9% | 4.0% |
| FCF yield | 3.5% | 0.6% |
| Debt / equity | 0.00 | 4.42 |
| Current ratio | 3.13 | 1.21 |
| Altman Z (solvency) | 3.04 | 3.45 |
| Piotroski F (quality) | 4 / 9 | 3 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.