Crocs (CROX) concentration risks

The company's concentration profile reflects a moderate-share manufacturing dependency that spans both supplier and geography dimensions. The largest third-party manufacturer for the Crocs Brand produced approximately 45% of production during the year ended December 31, 2025, representing a moderately sized dependency on a single contract manufacturer. Separately, approximately 45% of Crocs Brand production was sourced from Vietnam — a moderately sized geographic concentration that reflects where the company's production footprint is anchored. The co-location of these two exposures is notable: the dominant manufacturer and the dominant production country overlap, meaning a disruption to either could affect the other simultaneously. The second-largest manufacturer for the Crocs Brand produced approximately 28% of production in 2025, also at a moderate disclosed size. Taken together, the top two manufacturers account for the substantial majority of Crocs Brand production, which narrows the effective supplier base beyond what the individual figures alone suggest. The character of the manufacturer exposures is dependency — the company relies on specific third-party factories whose capacity, quality, and continuity are outside its direct control — while the Vietnam geographic exposure is structural, reflecting where the production base has been built over time. In combination, a trade policy shift affecting Vietnam imports or a factory-level disruption could pressure both supply reliability and cost simultaneously, making these the most relevant concentration variables to track.

For the engine’s reasoning on CROX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.