At 2004 Crocs only had $13.5 million dollars of revenues while Heelys already had $21.3 million dollars of revenues.
But by 2005, Crocs already had $108.5 million dollars of revenues that surpassed Heelys $43.9 million dollars of revenues by a big margin already.
By 2006, the gap gets even wider. Crocs third quarter revenues were already $111 million dollars that was almost as big as the $117 million Heelys revenues for the entire nine months of 2006.
On the profit front, it is even more dramatic. Crocs third quarter net profits were already $21.5 million dollars that was larger than the $17.6 million Heelys profits for the entire nine months of 2006.
Crocs is growing revenues and profits a lot faster than Heelys.
Crocs stock is too cheap compared to Heelys. And that was why Jim Cramer believed Heelys at over $30 was too expensive compared to Crocs.