Saturday 31 October 2026 Export SHOO’s income statement to Excel — free account

Steven Madden, Ltd.

SHOO Consumer Cyclical Footwear & Accessories

Steven Madden, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 11.0% from fiscal 2024. In the quarter to June 2026, revenue grew 19.1%, EPS grew 169.6%, free cash flow grew 233.5% and total debt fell 57.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

43.50 1.43 −3.18%

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Market cap: $3.3B
P/E: 21.5×
Fwd P/E: 16.4×
Dividend yield: 1.93%
F-score: 5/9
Altman Z: 4.81
Beneish M: −2.70
Dividend safety: 50/100

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total sells 4.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	5	2	—	—	1	—	2	5	—	5	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 3,290.00

Revenue 2,740.54

Net Income 146.04

Free Cash Flow 224.27

Net Debt 30.09

Current Ratio 1.91

Debt/Equity 0.13

P/E ratio 21.52

Fwd P/E 16.40

P/S ratio 1.13

P/B ratio 3.19

Past 5Y EPS Growth —

This Y EPS Growth 29.72%

Next Y EPS Growth 24.06%

Next Y revenue growth 13.61%

Next 5Y EPS Growth 28.12%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 71.86%

10-year low 10-year high

P/S against its own 10 years 16.97%

10-year low 10-year high

P/B against its own 10 years 56.04%

10-year low 10-year high

EV/Sales against its own 10 years 21.04%

10-year low 10-year high

EV/FCF against its own 10 years 28.42%

10-year low 10-year high

Dividends

Payout Ratio 0.42

Annual Dividend Rate 0.84

Annual Dividend Yield 1.93%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.85	0.21 0.21 0.21
2025	0.84	0.21 0.21 0.21 0.21
2024	0.84	0.21 0.21 0.21 0.21
2023	0.84	0.21 0.21 0.21 0.21
2022	0.84	0.21 0.21 0.21 0.21
2021	0.60	0.15 0.15 0.15 0.15
2020	0.15	0.15
2019	0.57	0.14 0.14 0.14 0.15
2018	0.54	0.13 0.13 0.13 0.14
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	220	203	112	95
Receivables	361	394	403	388
Inventory	229	258	417	377
Other	—	—	—	—
	855	895	1,001	930

	2023	2024	2025	Q'26
Payables	161	207	197	202
ST’ Debt	—	—	—	—
Other	3	—	—	—
	378	414	526	488

Compound Annual Growth %

	10y	5y	3y
Sales	6.07%	16.09%	6.09%
Cash Flow	1.78%	29.69%	(15.40%)
Earnings	(8.86%)	0.00%	(40.87%)
Book Value	2.91%	2.72%	2.32%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.33 Actual 0.44

0.28 0.39 0.51 0.62 0.73

Q3 FY25 Miss −0.01

Q4 FY25 Beat +0.02

Q1 FY26 Beat +0.03

Q2 FY26 Beat +0.11

Q3 FY26 — Nov 5

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	0.44	0.43	Miss by 0.01
Q4 FY25	0.46	0.48	Beat by 0.02
Q1 FY26	0.42	0.45	Beat by 0.03
Q2 FY26	0.33	0.44	Beat by 0.11
Q3 FY26	0.68	—	Reports 5 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.00	0.38	—	—	—
’25	0.57	(0.56)	0.29	0.32	0.63
’24	0.60	0.49	0.77	0.49	2.35
’23	0.48	0.46	0.87	0.49	2.30
’22	0.94	0.62	0.79	0.42	2.77
’21	0.26	0.45	0.82	0.81	2.34
’20	(0.22)	(0.21)	(0.09)	0.28	(0.23)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	653	666	—	—	—
’25	554	559	668	754	2,534
’24	552	524	625	582	2,283
’23	464	445	553	520	1,982
’22	560	535	557	471	2,122
’21	361	398	529	578	1,866
’20	359	143	347	353	1,202

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(55)	205	—	—	—
’25	(19)	66	23	91	162
’24	(16)	110	0	104	198
’23	(13)	96	(5)	151	229
’22	(19)	60	26	201	268
’21	5	87	4	63	159
’20	(40)	97	(57)	44	44

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(61)	196	—	—	—
’25	(29)	59	9	81	120
’24	(20)	104	(7)	95	172
’23	(17)	92	(11)	146	210
’22	(25)	58	22	195	250
’21	3	94	2	61	161
’20	(43)	96	(58)	43	38

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	18.53	22.33	27.77	28.95	16.38	32.31	26.36	29.92	37.99	19.05		+0.3%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	27.03	31.70	39.30	44.80	43.47	51.56	49.85	44.23	50.01	44.99		+5.8%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	3,925	3,884	3,900	4,000	2,800	3,500	4,000	4,200	4,800	6,300		+5.4%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.36	0.40	0.43	0.45	0.43	0.53	0.53	0.47	0.48	0.40		+1.3%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	1,400	1,567	1,678	1,787	1,202	1,866	2,122	1,982	2,283	2,534		+6.8%	2,879	3,110	3,296	+9.2%
	Gross margin, %	37.30	38.21	38.16	38.39	38.65	41.13	41.18	42.01	41.04	41.41		+4.1 pt	Powerpack Steven Madden, Ltd.’s next three years, line by line Analysts expect revenue to grow 9.2% a year to 2028 — faster than the 6.8% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	171	172	177	181	(30)	242	282	221	230	78		(8.4%)
	EBT margin, %	12.22	11.00	10.57	10.14	(2.49)	12.97	13.30	11.13	10.10	3.07		(9.1) pt
	Net income	121	119	130	142	(18)	192	217	174	176	49		(9.6%)
	Depreciation	21	22	22	27	99	19	21	22	30	41		+7.6%
Per share, $
Per share, $	Revenue	16.34	18.94	20.54	22.46	15.28	23.79	27.91	27.02	32.03	35.76		+9.1%
	Earnings	1.41	1.43	1.58	1.78	(0.23)	2.43	2.84	2.34	2.38	0.63		(8.6%)
	Cash flow	1.79	1.91	1.89	2.94	0.56	2.03	3.52	3.13	2.78	2.29		+2.7%
	Capex	(0.19)	(0.18)	(0.15)	(0.23)	(0.08)	0.02	(0.24)	(0.27)	(0.36)	(0.60)		+14.0%
	Free cash flow	1.61	1.73	1.74	2.71	0.48	2.05	3.28	2.86	2.42	1.69		+0.5%
	Book value	8.65	9.78	9.98	10.57	10.05	10.46	11.10	11.56	12.29	12.76		+4.4%
	Shares, m	86	83	82	80	79	78	76	73	71	71		(2.1%)
Valuation, ×
Valuation, ×	P/E	17.24	21.77	19.19	24.16	0.00	19.05	11.05	18.08	17.87	66.10		21.4
	P/S	1.45	1.65	1.47	1.92	2.31	1.95	1.12	1.57	1.33	1.16		1.6
	P/B	2.74	3.19	3.03	4.07	3.51	4.44	2.82	3.66	3.46	3.26		3.4
	EV/Sales	1.33	1.49	1.31	1.84	2.18	1.87	1.03	1.52	1.29	1.21		1.5
	EV/FCF	13.52	16.32	15.53	15.27	69.69	22.85	8.80	14.49	17.37	26.19		22.0
Cash, $m
Cash, $m	Operating cash flow	154	158	154	234	44	159	268	229	198	162		+0.6%
	Capex	(16)	(15)	(12)	(18)	(7)	1	(18)	(19)	(26)	(43)		+11.6%
	Free cash flow	138	143	142	215	38	161	250	210	172	120		(1.6%)
Balance, $m
Balance, $m	Working capital	346	439	478	438	462	509	523	477	481	475		+3.6%
	Total debt	—	—	—	133	99	80	79	—	—	234		+9.9%
	Net debt	(166)	(245)	(267)	(172)	(188)	(184)	(211)	(220)	(203)	122		n/m
	Shareholders’ equity	741	809	815	841	790	821	844	848	876	904		+2.2%
Returns, %
Returns, %	ROA	12.90	11.69	12.13	12.02	(1.52)	15.30	16.53	13.17	12.28	2.69		(10.2) pt
	ROIC	18.37	18.83	19.79	16.50	(7.88)	23.90	27.81	21.21	20.90	4.92		(13.5) pt
	ROE	17.03	15.22	15.91	17.07	(2.26)	23.67	25.96	20.28	19.65	5.02		(12.0) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DECK Deckers Outdoor Corporation	$11.3B	11.6×	10.4×	+5.70% (above 0%: growing)	+1.08% (above 0%: growing)	+167.59% (above 0%: growing)	56.41%	15.23%	Compare
ONON On Holding AG	$10.8B	43.2×	22.6×	+18.47% (above 0%: growing)	n/m	+151.45% (above 0%: growing)	65.35%	14.04%	Compare
CROX Crocs, Inc.	$7.2B	12.9×	10.1×	+2.62% (above 0%: growing)	n/m	+22.93% (above 0%: growing)	59.41%	24.22%	Compare
BIRK Birkenstock Holding PLC	$5.9B	15.7×	16.6×	+16.05% (above 0%: growing)	−10.26% (below 0%: shrinking)	−3.15% (below 0%: shrinking)	59.05%	28.22%	Compare
SHOO Steven Madden, Ltd.	$3.3B	21.5×	16.4×	+19.12% (above 0%: growing)	n/m	+233.50% (above 0%: growing)	46.50%	5.90%
WWW Wolverine World Wide, Inc.	$1.7B	16.0×	12.7×	+6.79% (above 0%: growing)	+15.62% (above 0%: growing)	+104.37% (above 0%: growing)	46.47%	9.34%	Compare
WEYS Weyco Group, Inc.	$501.3M	14.3×	6.9×	+6.86% (above 0%: growing)	+487.50% (above 0%: growing)	−31.69% (below 0%: shrinking)	70.37%	27.36%	Compare
FOSL Fossil Group, Inc.	$405.1M	— (loss-making)	— (loss-making)	−4.86% (below 0%: shrinking)	n/m	−130.01% (below 0%: shrinking)	62.38%	1.53%	Compare
RCKY Rocky Brands, Inc.	$370.9M	12.8×	— (loss-making)	+12.04% (above 0%: growing)	+285.42% (above 0%: growing)	+275.54% (above 0%: growing)	51.37%	16.63%	Compare
Median of peers	$3.8B	14.3×	11.6×	+6.83%	+15.62%	+63.65%	59.23%	15.93%

All 14 Footwear & Accessories stocks →

Pay and ownership Proxy statement filed 6 April 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2025	8.16m	11.78m	131.38
2024	9.08m	9.69m	130.60
2023	5.03m	9.36m	126.59
2022	7.61m	1.94m	94.07
2021	7.57m	11.50m	133.46

Ownership

Directors and executive officers, together 2.21%

BlackRock Inc. 14.78%

The Vanguard Group 11.28%

FMR LLC 10.99%

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement