SKX on NYSE

Skechers

Logo: Skechers USA, Inc. modifications by me to match original version, Public domain, via Wikimedia Commons4

American multinational footwear and apparel manufacturer

Skechers U.S.A., Inc. is an American multinational footwear and apparel manufacturing company.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$9.0BRevenue, fiscal 20245
$639.5MNet income, fiscal 20245
1992Founded1

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  • TickerSKX on NYSE1
  • Industryclothing industry1
  • HeadquartersManhattan Beach1
  • Websitewww.skechers.com
  • Legal formcorporation1
  • Incorporated inDE6
  • Business address228 Manhattan Beach Blvd, Manhattan Beach, Ca 902666
  • Filer categoryLarge accelerated filer6
Skechersheadquartersmanhattanbeach
Photo: Coolcaesar, CC BY-SA 3.0, via Wikimedia Commons8

Skechers U.S.A., Inc. is an American multinational footwear and apparel manufacturing company. Founded in 1992, it is headquartered in Manhattan Beach, California, and is the third largest footwear brand in the world.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

53.2%Gross margin5
10.1%Operating margin5
7.1%Net margin5
12.1%Revenue growth, 20245
15.0%Return on equity5
0.02×Debt to equity5
$270.6MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue47¢$4.2B
  • Other costs44¢$4.0B
  • Interest0¢$21.9M
  • Income tax2¢$148.1M
  • Profit7¢$639.5M

Out of $9.0B in revenue.5

Where each dollar of operating cash went, fiscal 2024

  • Capital spending56¢$416.8M
  • Share buybacks44¢$330.1M

Out of $687.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue9101112135$9.0B in 2024+115% since 2017
0$2.5B$5.0B$7.5B$10.0B2017: $4.2B$4.2B20172018: $4.6B$4.6B2018+11%2019: $5.2B$5.2B2019+12%2020: $4.6B$4.6B2020−12%2021: $6.3B$6.3B2021+37%2022: $7.4B$7.4B2022+18%2023: $8.0B$8.0B2023+7%2024: $9.0B$9.0B2024+12%
Gross profit9101112135$4.8B in 2024+146% since 2017
0$2.0B$4.0B$6.0B2017: $1.9B$1.9B20172018: $2.2B$2.2B2018+15%2019: $2.5B$2.5B2019+12%2020: $2.2B$2.2B2020−11%2021: $3.1B$3.1B2021+42%2022: $3.5B$3.5B2022+13%2023: $4.2B$4.2B2023+18%2024: $4.8B$4.8B2024+15%
Operating income9101112135$904.3M in 2024+136% since 2017
0$250.0M$500.0M$750.0M$1.0B2017: $382.9M$382.9M20172018: $437.8M$437.8M2018+14%2019: $518.4M$518.4M2019+18%2020: $133.7M$133.7M2020−74%2021: $598.2M$598.2M2021+347%2022: $546.7M$546.7M2022−9%2023: $784.8M$784.8M2023+44%2024: $904.3M$904.3M2024+15%
Net income9101112135$639.5M in 2024+257% since 2017
0$200.0M$400.0M$600.0M$800.0M2017: $179.2M$179.2M20172018: $301.0M$301.0M2018+68%2019: $346.6M$346.6M2019+15%2020: $98.6M$98.6M2020−72%2021: $741.5M$741.5M2021+652%2022: $373.0M$373.0M2022−50%2023: $545.8M$545.8M2023+46%2024: $639.5M$639.5M2024+17%
Fiscal year20172018201920202021202220232024
Revenue$4.2B9$4.6B10$5.2B11$4.6B12$6.3B13$7.4B5$8.0B5$9.0B5
Cost of revenue$2.2B9$2.4B10$2.7B11$2.4B12$3.2B13$3.9B5$3.8B5$4.2B5
Gross profit$1.9B9$2.2B10$2.5B11$2.2B12$3.1B13$3.5B5$4.2B5$4.8B5
Selling, general and admin$1.8B10$2.0B10$2.1B10
Operating income$382.9M9$437.8M10$518.4M11$133.7M12$598.2M13$546.7M5$784.8M5$904.3M5
Interest$6.7M9$5.8M10$7.5M11$16.3M12$14.9M13$19.7M5$22.4M5$21.9M5
Income tax$149.2M9$60.6M10$88.8M11$8.5M12-$245.9M13$93.1M5$150.9M5$148.1M5
Net income$179.2M9$301.0M10$346.6M11$98.6M12$741.5M13$373.0M5$545.8M5$639.5M5
Earnings per share$1.159$1.9310$2.2611$0.6412$4.7713$2.405$3.535$4.215
Earnings per share (diluted)$1.149$1.9210$2.2511$0.6412$4.7313$2.385$3.495$4.165

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The story

Skechers was founded in 1992 by Robert Greenberg, who had previously founded LA Gear in 1983 (he stepped down as CEO of that company the same year he founded Skechers).

Greenberg sought to focus on men's street shoes; Skechers' early products were utility-style boots popular in grunge fashion. The firm quickly expanded to include women and children, with casual and athletic styles, and went public in 1999.

In 2011, it launched its performance sportswear line for athletes and signed Meb Keflezighi as a spokesman.

Skechers is the third largest footwear brand in the world by sales. In January 2019, the company started an expansion of its corporate headquarters to double its office, design and showroom space in the South Bay. In 2023, Skechers had its debut on the Fortune 500.

Litigation

In 2012, Skechers agreed to settle a class action lawsuit for $40 million based on a U.S. Federal Trade Commission complaint that it had misled customers with its Shape-Ups rocker bottom shoe advertisements.

In 2015, Adidas filed a trademark infringement lawsuit against Skechers. Among the numerous infringements was the Skechers Onix, which was allegedly a copy of the Adidas Stan Smith. The parties reached a confidential settlement on May 30, 2018.

In 2019, Nike filed a patent infringement lawsuit against Skechers because, according to Nike, Skechers had infringed on the design of its VaporMax and Air Max 270 sneakers.

In 2024, Skechers filed a patent infringement lawsuit against Authentic Brands Group, claiming the Rockport Tristen Step Activated Slip On shoes infringe on Skechers' Slip Ins design patent.

Read the full text

In 2025, Utah-based footwear company Kizik filed a patent infringement lawsuit against Skechers. According to the lawsuit, Kizik holds over 200 patents for shoes with a stabilizer for hands-free wear, and Skechers infringed on 7 of those patents with its Slip Ins.

In May 2026, a U.S. judge ordered Skechers to face a proposed class action lawsuit accusing the company of spamming consumers with misleading sales emails.

Skechers has tried to argue in court that it doesn't make sneakers, in order to avoid paying taxes in Massachusetts, but in July 2026 the Supreme Judicial Court upheld the appeals court ruling against the company.

Forced labor investigation

In 2021, French prosecutors launched an investigation into whether Skechers and other brands had concealed or profited from forced Uyghur labor. A December 2023 report by Sheffield Hallam University again found connections to forced Uyghur labor. Skechers has found no evidence of forced labor taking place. In September 2024, Skechers opened a store in Ürümqi, Xinjiang, amid criticism from the Worker Rights Consortium.

Privatization

On May 5, 2025, Skechers announced that it would be acquired by private equity firm 3G Capital. Following the closure of the transaction within the third quarter of that year, pending regulatory approval, Skechers would delist from the New York Stock Exchange and become a privately held company. The acquisition was finalized in September 2025.

From Wikipedia’s article on Skechers, shared under CC BY-SA 4.0.7

Products and brands

  • shoe

Listed on Wikidata.1

Skechers designs, develops and markets a range of lifestyle and performance footwear, apparel and accessories for adults and children. Its brands include Skechers Sport, Slip-ins, D'Lites, the charity line Bobs, Mark Nason, Skechers Work, Go Walk, Go Run, and Go Golf. Since 2020, select shoes have utilized Goodyear rubber.

Skechers has promoted its products with musicians including Ringo Starr, Britney Spears, Christina Aguilera, Willie Nelson, and Snoop Dogg; television personalities Martha Stewart, Brooke Burke, and Amanda Kloots; baseball player Clayton Kershaw and boxer Sugar Ray Leonard; and American football players (retired) Joe Montana, Tony Romo, Howie Long, and Cris Carter. Since 2010, Skechers has been a regular Super Bowl advertiser.

On March 1, 2019, Skechers launched a print and digital comparative advertising campaign titled "Just Blew It" to highlight the Zion Williamson failed shoe incident with rival Nike.

Skechers has been a partner of W Racing Team (WRT) in sports car racing, including former MotoGP champion Valentino Rossi, since 2021. WRT's parent company, Weerts Group, services Skechers' European distribution center in Liège, Belgium.

Read the full text

Skechers Performance has featured distance runner Meb Keflezighi and professional golfers Brooke Henderson and Matt Fitzpatrick. The brand expanded into pickleball in 2022, signing several of the sport's top players and sponsoring the first nationally televised pickleball tournament in the U.S. In 2023, Skechers announced a move into soccer and basketball, introducing new technical shoes worn and promoted by England national football team player Harry Kane and NBA players Julius Randle, Terance Mann, and Joel Embiid. In 2024, Skechers replaced Nivia Sports as the kit sponsor of one of India's oldest and most successful football teams, Mohun Bagan Super Giant. In the European market, Skechers distributes its lifestyle and performance lines through a network of company-owned stores and authorized third-party retailers. In Spain, the brand's products are available through specialized footwear e-commerce platforms and multi-brand retailers such as Megacalzado.

From Wikipedia’s article on Skechers, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

  • Robert Greenberg 75.2%
  • Gil Schwartzberg 34.3%
  • Fidelity Investments 14.9%
  • BlackRock 8.1%
  • The Vanguard Group 7.4%

From Wikidata.1

Employees over time

Skechers employees by year19.8K in 2017+43% since 2014
02.5K5.0K7.5K10.0K2014: 6.9K6.9K20142016: 9.2K9.2K2016+34%2017: 9.8K9.8K2017+7%
  • 20179,8001
  • 20169,2001
  • 20146,8681

Timeline

  1. Jun 9, 1999Went public Listed on NYSE1
  2. 1992Founded Founded1

Recent filings

  1. Sep 12, 20258-K
  2. Sep 12, 20254
  3. Sep 12, 20254
  4. Sep 12, 20254
  5. Sep 12, 20254
  6. Sep 12, 20254
  7. Sep 12, 20254
  8. Sep 12, 20254
  9. Sep 12, 20254
  10. Sep 12, 20254
  11. Sep 12, 20254
  12. Sep 12, 20254
  13. Sep 8, 20254/A
  14. Sep 5, 20254/A
  15. Sep 5, 20254/A

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2