NASDAQ : SHOO
Steven Madden, Ltd. — Financial statements
Consumer Discretionary · Footwear & Accessories · United States
Last price 44.93 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.29B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Steven Madden, Ltd. (SHOO) reported revenue of 2.74B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.74B | 2.53B | 2.28B | 1.98B | 2.12B | 1.87B |
| Cost of Revenue | 1.45B | 1.45B | 1.35B | 1.15B | 1.25B | 1.10B |
| Gross Profit | 1.29B | 1.08B | 937.37M | 832.41M | 873.84M | 767.50M |
| Selling, General & Admin | 1.01B | 874.59M | 665.97M | 597.17M | 565.81M | 512.64M |
| Amortization of Goodwill & Intangibles | 6.42M | 5.90M | 4.41M | 2.08M | 9.00M | 2.67M |
| Operating Expenses | 1.04B | 904.47M | 685.98M | 612.67M | 586.38M | 527.85M |
| Operating Income | 243.09M | 175.89M | 251.38M | 219.74M | 287.45M | 239.65M |
| Interest Expense | -14.24M | -12.34M | ||||
| Interest & Investment Income | 5.54M | 7.39M | 676.00K | |||
| Other Non Operating Income (Expenses) | 9.25M | -1.53M | ||||
| EBT Excluding Unusual Items | 228.86M | 172.80M | 256.92M | 227.13M | 288.13M | 238.12M |
| Merger & Restructuring Charges | -24.95M | -83.03M | -6.81M | |||
| Gain (Loss) on Sale of Assets | -3.20M | 8.00M | ||||
| Asset Writedown | -6.30M | -6.30M | -10.34M | -6.52M | -4.05M | |
| Legal Settlements | -5.64M | -7.34M | -3.38M | |||
| Other Unusual Items | -616.00K | 1.55M | -2.72M | -5.81M | ||
| Pretax Income | 191.35M | 77.68M | 230.48M | 220.61M | 282.32M | 242.07M |
| Income Tax Expense | 45.31M | 28.66M | 54.58M | 46.64M | 65.10M | 49.61M |
| Earnings From Continuing Operations | 146.04M | 49.02M | 175.90M | 173.97M | 217.22M | 192.46M |
| Minority Interest in Earnings | -2.77M | -4.36M | -6.51M | -2.42M | -1.16M | -1.78M |
| Net Income | 143.26M | 44.66M | 169.39M | 171.55M | 216.06M | 190.68M |
| Net Income to Common | 143.26M | 44.66M | 169.39M | 171.55M | 216.06M | 190.68M |
| Shares Outstanding (Basic) | 71.08M | 70.87M | 71.27M | 73.34M | 76.02M | 78.44M |
| Shares Outstanding (Diluted) | 71.70M | 71.18M | 71.96M | 74.56M | 78.07M | 81.63M |
| EPS (Basic) | 2.02 | 0.63 | 2.38 | 2.34 | 2.84 | 2.43 |
| EPS (Diluted) | 2.00 | 0.63 | 2.35 | 2.30 | 2.77 | 2.34 |
| Free Cash Flow | 224.27M | 119.54M | 172.19M | 209.77M | 251.53M | 152.85M |
| Free Cash Flow Per Share | 3.13 | 1.68 | 2.39 | 2.81 | 3.22 | 1.87 |
| Dividend Per Share | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.60 |
| Gross Margin | 46.95% | 42.63% | 41.06% | 42.01% | 41.18% | 41.13% |
| Operating Margin | 8.87% | 6.94% | 11.01% | 11.09% | 13.55% | 12.84% |
| Profit Margin | 5.23% | 1.76% | 7.42% | 8.66% | 10.18% | 10.22% |
| Free Cash Flow Margin | 8.18% | 4.72% | 7.54% | 10.59% | 11.85% | 8.19% |
| EBITDA | 277.48M | 205.77M | 268.22M | 231.48M | 304.52M | 251.72M |
| EBITDA Margin | 10.12% | 8.12% | 11.75% | 11.68% | 14.35% | 13.49% |
| D&A For EBITDA | 34.39M | 29.88M | 16.84M | 11.74M | 17.07M | 12.07M |
| EBIT | 243.09M | 175.89M | 251.38M | 219.74M | 287.45M | 239.65M |
| EBIT Margin | 8.87% | 6.94% | 11.01% | 11.09% | 13.55% | 12.84% |
| Effective Tax Rate | 23.68% | 36.90% | 23.68% | 21.14% | 23.06% | 20.49% |
| Revenue as Reported | 2.74B | 2.53B | 2.28B | 1.98B | 2.12B | 1.87B |
| Advertising Expenses | 133.60M | 101.95M | 89.44M | 85.92M | 65.08M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 94.74M | 112.42M | 189.92M | 204.64M | 274.71M | 219.50M |
| Short-Term Investments | 13.48M | 15.17M | 15.09M | 44.04M | ||
| Cash & Short-Term Investments | 94.74M | 112.42M | 203.41M | 219.81M | 289.80M | 263.54M |
| Accounts Receivable | 387.73M | 403.42M | 394.31M | 360.97M | 286.17M | 391.53M |
| Other Receivables | 15.09M | 21.08M | 4.89M | 16.05M | 15.85M | 13.54M |
| Receivables | 402.82M | 424.50M | 399.20M | 377.02M | 302.02M | 405.07M |
| Inventory | 377.21M | 417.02M | 257.62M | 228.99M | 228.75M | 255.21M |
| Prepaid Expenses | 52.73M | 46.46M | 32.29M | 28.30M | 22.07M | 20.35M |
| Other Current Assets | 2.26M | 302.00K | 2.17M | 708.00K | 916.00K | 494.00K |
| Total Current Assets | 929.76M | 1.00B | 894.70M | 854.83M | 843.56M | 944.66M |
| Property, Plant & Equipment | 349.01M | 351.66M | 197.08M | 169.98M | 130.93M | 121.24M |
| Goodwill | 256.34M | 254.52M | 183.74M | 180.00M | 168.09M | 168.00M |
| Other Intangible Assets | 274.82M | 281.42M | 113.43M | 126.27M | 101.19M | 112.09M |
| Long-Term Deferred Tax Assets | 3.22M | 3.22M | 610.00K | 609.00K | 1.75M | 4.58M |
| Other Long-Term Assets | 22.91M | 22.76M | 22.21M | 16.25M | 12.07M | 4.18M |
| Total Assets | 1.84B | 1.91B | 1.41B | 1.35B | 1.26B | 1.36B |
| Accounts Payable | 202.09M | 197.25M | 206.89M | 161.14M | 130.54M | 136.77M |
| Accrued Expenses | 212.54M | 262.82M | 156.70M | 164.91M | 149.07M | 257.99M |
| Current Portion of Leases | 58.59M | 58.83M | 43.17M | 40.34M | 29.50M | 30.76M |
| Current Income Taxes Payable | 13.68M | 4.49M | 6.15M | 6.00M | 9.40M | 4.52M |
| Other Current Liabilities | 921.00K | 2.33M | 816.00K | 5.23M | 2.39M | 5.16M |
| Total Current Liabilities | 487.83M | 525.71M | 413.72M | 377.62M | 320.91M | 435.19M |
| Long-Term Debt | 124.83M | 234.17M | ||||
| Long-Term Leases | 193.72M | 193.15M | 109.82M | 98.54M | 79.13M | 80.07M |
| Long-Term Deferred Tax Liabilities | 36.63M | 36.14M | 4.63M | 8.61M | 3.92M | 3.38M |
| Other Long-Term Liabilities | 20.95M | 21.14M | 7.61M | 15.14M | 10.17M | 16.36M |
| Total Liabilities | 863.96M | 1.01B | 535.77M | 499.91M | 414.12M | 535.00M |
| Common Stock | 7.00K | 7.00K | 7.00K | 7.00K | 8.00K | 8.00K |
| Additional Paid-In Capital | 679.99M | 653.61M | 614.38M | 586.15M | 520.44M | 496.00M |
| Retained Earnings | 1.84B | 1.77B | 1.79B | 1.68B | 1.57B | 1.42B |
| Treasury Stock | -1.55B | -1.53B | -1.51B | -1.41B | -1.22B | -1.08B |
| Comprehensive Income & Other | -35.52M | -29.46M | -48.29M | -29.05M | -35.71M | -29.54M |
| Total Common Equity | 939.60M | 866.39M | 847.72M | 829.60M | 831.55M | 812.10M |
| Minority Interest | 32.50M | 37.59M | 28.28M | 18.43M | 12.31M | 8.44M |
| Shareholders' Equity | 972.10M | 903.98M | 876.00M | 848.03M | 843.86M | 820.54M |
| Total Liabilities & Equity | 1.84B | 1.91B | 1.41B | 1.35B | 1.26B | 1.36B |
| Total Debt | 377.14M | 486.14M | 152.99M | 138.88M | 108.63M | 110.83M |
| Net Cash (Debt) | -282.40M | -373.71M | 50.42M | 80.94M | 181.17M | 152.71M |
| Net Cash Per Share | -3.94 | -5.25 | 0.70 | 1.09 | 2.32 | 1.87 |
| Filing Date Shares Outstanding | 73.18M | 72.91M | 72.38M | 74.00M | 76.88M | 80.18M |
| Total Common Shares Outstanding | 73.17M | 72.67M | 72.16M | 73.68M | 76.80M | 80.56M |
| Working Capital | 441.93M | 474.99M | 480.97M | 477.21M | 522.65M | 509.47M |
| Book Value Per Share | 12.84 | 11.92 | 11.75 | 11.26 | 10.83 | 10.08 |
| Tangible Book Value | 408.44M | 330.45M | 550.55M | 523.33M | 562.28M | 532.01M |
| Tangible Book Value Per Share | 5.58 | 4.55 | 7.63 | 7.10 | 7.32 | 6.60 |
| Land | 6.85M | 1.32M | 929.00K | 890.00K | 968.00K | |
| Machinery | 177.10M | 121.88M | 111.10M | 95.13M | 92.37M | |
| Construction In Progress | 4.39M | 3.78M | 1.98M | 8.66M | 671.00K | |
| Leasehold Improvements | 115.17M | 94.82M | 90.70M | 85.97M | 85.14M | |
| Order Backlog | 673.53K | 609.45M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 143.26M | 44.66M | 169.39M | 171.55M | 216.06M | 190.68M |
| Depreciation & Amortization | 34.39M | 29.88M | 16.84M | 11.74M | 17.07M | 12.07M |
| Other Amortization | 5.14M | 4.73M | 3.17M | 3.76M | 3.50M | 3.13M |
| Loss (Gain) From Sale of Assets | -16.00K | -150.00K | 3.31M | 204.00K | 11.00K | -7.47M |
| Asset Writedown & Restructuring Costs | 6.30M | 6.30M | 10.34M | 6.52M | 4.05M | |
| Stock-Based Compensation | 30.69M | 29.64M | 26.54M | 24.15M | 24.40M | 22.28M |
| Other Operating Activities | 28.12M | 24.79M | 3.96M | 8.90M | -3.37M | 14.39M |
| Change in Accounts Receivable | -9.38M | 29.12M | -38.49M | -19.95M | 106.46M | -112.89M |
| Change in Inventory | 7.86M | 4.42M | -30.57M | 25.30M | 29.07M | -153.79M |
| Change in Accounts Payable | 4.24M | 9.89M | 37.34M | 7.05M | -108.79M | 185.74M |
| Change in Other Net Operating Assets | 13.23M | -21.09M | -3.73M | -9.99M | -16.53M | 1.28M |
| Operating Cash Flow | 263.83M | 162.20M | 198.10M | 229.24M | 267.88M | 159.46M |
| Capital Expenditures | -39.55M | -42.66M | -25.91M | -19.47M | -16.35M | -6.61M |
| Cash Acquisitions | -1.33M | -371.55M | -13.98M | -75.27M | ||
| Sale (Purchase) of Intangibles | -2.00M | 8.00M | ||||
| Investment in Securities | 143.00K | 13.55M | 734.00K | 184.00K | 28.87M | -4.60M |
| Other Investing Activities | 1.94M | -260.00K | -340.00K | -5.33M | -5.00M | |
| Investing Cash Flow | -38.80M | -400.92M | -39.49M | -99.89M | 5.52M | -3.21M |
| Long-Term Debt Issued | 467.50M | |||||
| Total Debt Issued | 199.50M | 467.50M | ||||
| Long-Term Debt Repaid | -227.50M | |||||
| Total Debt Repaid | -369.50M | -227.50M | ||||
| Net Debt Issued (Repaid) | -170.00M | 240.00M | ||||
| Issuance of Common Stock | 3.00M | 32.00K | 1.61M | 1.21M | 602.00K | 9.73M |
| Repurchase of Common Stock | -13.68M | -13.52M | -98.43M | -142.35M | -148.88M | -123.16M |
| Common Dividends Paid | -61.17M | -60.96M | -61.04M | -63.18M | -66.00M | -49.16M |
| Other Financing Activities | -1.98M | -8.40M | -10.05M | 3.38M | -1.55M | -22.06M |
| Financing Cash Flow | -243.82M | 157.15M | -167.91M | -200.94M | -215.83M | -184.65M |
| Foreign Exchange Rate Adjustments | 1.82M | 4.07M | -5.41M | 1.52M | -2.36M | 37.00K |
| Net Cash Flow | -16.98M | -77.50M | -14.72M | -70.07M | 55.21M | -28.36M |
| Free Cash Flow | 224.27M | 119.54M | 172.19M | 209.77M | 251.53M | 152.85M |
| Free Cash Flow Margin | 8.18% | 4.72% | 7.54% | 10.59% | 11.85% | 8.19% |
| Free Cash Flow Per Share | 3.13 | 1.68 | 2.39 | 2.81 | 3.22 | 1.87 |
| Levered Free Cash Flow | 219.05M | 23.15M | 154.75M | 122.13M | 220.62M | 121.38M |
| Unlevered Free Cash Flow | 226.37M | 29.69M | 154.75M | 122.13M | 220.62M | 121.38M |
| Cash Interest Paid | 17.46M | 11.70M | ||||
| Cash Income Tax Paid | 46.32M | 46.32M | 51.15M | 45.52M | 65.39M | 46.81M |
| Change in Working Capital | 15.95M | 22.35M | -35.45M | 2.41M | 10.21M | -79.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.28B | 3.03B | 3.07B | 3.13B | 2.49B | 3.78B |
| Enterprise Value | 3.56B | 3.49B | 3.11B | 3.07B | 2.46B | 3.65B |
| Last Close Price | 43.50 | 40.98 | 40.72 | 39.46 | 29.31 | 41.59 |
| PE Ratio | 22.37 | 67.74 | 18.12 | 18.27 | 11.52 | 19.84 |
| Forward PE | 18.83 | 20.14 | 14.62 | 15.59 | 11.66 | 16.21 |
| PS Ratio | 1.16 | 1.19 | 1.34 | 1.58 | 1.17 | 2.03 |
| PB Ratio | 3.39 | 3.35 | 3.50 | 3.69 | 2.95 | 4.61 |
| P/TBV Ratio | 7.79 | 9.16 | 5.58 | 5.99 | 4.43 | 7.11 |
| P/FCF Ratio | 14.19 | 25.31 | 17.83 | 14.94 | 9.90 | 24.75 |
| P/OCF Ratio | 12.07 | 18.65 | 15.49 | 13.67 | 9.29 | 23.72 |
| PEG Ratio | 2.97 | 2.97 | 2.97 | 2.97 | 2.97 | |
| EV/Sales Ratio | 1.26 | 1.38 | 1.36 | 1.55 | 1.16 | 1.96 |
| EV/EBITDA Ratio | 12.49 | 16.97 | 11.59 | 13.27 | 8.08 | 14.49 |
| EV/EBIT Ratio | 14.26 | 19.85 | 12.36 | 13.98 | 8.56 | 15.22 |
| EV/FCF Ratio | 15.45 | 29.21 | 18.05 | 14.65 | 9.78 | 23.87 |
| Debt / Equity Ratio | 0.39 | 0.54 | 0.17 | 0.16 | 0.13 | 0.14 |
| Debt / EBITDA Ratio | 1.01 | 1.67 | 0.46 | 0.49 | 0.31 | 0.37 |
| Debt / FCF Ratio | 1.68 | 4.07 | 0.89 | 0.66 | 0.43 | 0.72 |
| Net Debt / Equity Ratio | 0.29 | 0.41 | -0.06 | -0.10 | -0.21 | -0.19 |
| Net Debt / EBITDA Ratio | 1.02 | 1.82 | -0.19 | -0.35 | -0.59 | -0.61 |
| Net Debt / FCF Ratio | 1.26 | 3.13 | -0.29 | -0.39 | -0.72 | -1.00 |
| Asset Turnover | 1.47 | 1.52 | 1.65 | 1.52 | 1.62 | 1.50 |
| Inventory Turnover | 3.57 | 4.31 | 5.53 | 5.02 | 5.16 | 6.16 |
| Quick Ratio | 1.02 | 1.02 | 1.46 | 1.58 | 1.84 | 1.54 |
| Current Ratio | 1.91 | 1.90 | 2.16 | 2.26 | 2.63 | 2.17 |
| Return on Equity (ROE) | 15.91% | 5.51% | 20.41% | 20.57% | 26.10% | 23.89% |
| Return on Assets (ROA) | 8.14% | 6.61% | 11.39% | 10.54% | 13.75% | 12.02% |
| Return on Invested Capital (ROIC) | 13.92% | 10.55% | 24.09% | 24.24% | 33.25% | 29.23% |
| Return on Capital Employed (ROCE) | 18.00% | 12.70% | 25.20% | 22.60% | 30.70% | 26.00% |
| Earnings Yield | 4.47% | 1.48% | 5.52% | 5.47% | 8.68% | 5.04% |
| FCF Yield | 7.05% | 3.95% | 5.61% | 6.69% | 10.11% | 4.04% |
| Dividend Yield | 1.87% | 2.02% | 1.98% | 1.98% | 2.59% | 1.28% |
| Payout Ratio | 41.97% | 136.50% | 36.04% | 36.83% | 30.55% | 25.78% |
| Buyback Yield / Dilution | -0.66% | 1.09% | 3.49% | 4.49% | 4.36% | -3.81% |
| Total Shareholder Return | 1.27% | 3.10% | 5.46% | 6.46% | 6.95% | -2.53% |