Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Geox S.p.A. is an Italian company specializing in the creation, production, promotion, and distribution of innovative footwear and apparel under the Geox brand. Renowned for its patented breathable and waterproof technologies, the company pioneered the 'shoe that breathes' concept, originating from founder Mario Moretti Polegato's idea in 1992 to perforate shoe soles for better ventilation. Protected by over 60 international patents, Geox products feature special membranes in outsoles that allow vapor permeability while remaining impermeable to water, alongside thermo-regulation for enhanced comfort in shoes, clothing, and accessories for men, women, and children. Geox S.p.A. serves retailers and end-consumers through multi-brand outlets, Geox Shops, franchises, and e-commerce across over 100 countries, with key markets in Italy, Europe, North America, and beyond. Headquartered in Montebelluna, Italy, it emphasizes style, performance, well-being, and sustainability, positioning itself as a leader in the international branded casual footwear market.
The business is unprofitable at the operating level (-1.05% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 41% versus the prior year, cash generation momentum has weakened. Net debt of €296M represents 12.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€609M
▼ -8.3% YoY
Net Income (TTM)
-€16M
▲ +46.6% YoY
Op. Margin
-1.05%
▲ +0.1pp YoY
ROIC
-1.27%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€24M
▼ -40.9% YoY
Op. Cash Flow (TTM)
€34M
▼ -14.2% YoY
Net Debt
€296M
Cash & Equiv.
€22M
3Y CAGR: -6.1%
3Y CAGR: -28.5%
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