SHOONasdaqFootwear, (No Rubber)Fiscal year ends December 31
STEVEN MADDEN, LTD.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$44.96−0.31 (-0.68%)
Close on Oct 19, 2026
- Market cap
- $3.24B
- P/E (TTM)
- 71.4
- Dividend yield
- 1.87%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
41.4%+2.8 pts over 5 years
Operating margin
3.2%+5.8 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.0% | +6.1% | +16.1% | +6.1% | |
| Gross profit | +12.0% | +6.3% | +17.7% | +7.7% | |
| Operating income | -64.1% | -34.1% | – | -7.3% | |
| EPS, diluted | -73.2% | -39.0% | – | -6.5% | |
| Free cash flow | -30.6% | -22.0% | +26.0% | +0.3% | |
| Dividend per share | 0.0% | 0.0% | +41.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.0% | -2.3% | – | |
| Return on assets | 12.9% | -1.5% | – | |
| Current ratio | 2.89 | 2.96 | 1.90 | |
| Debt to equity | – | – | 0.27 | |
| Net debt to EBITDA | – | – | 1.07× | |
| Inventory turnover | 7.9× | 6.2× | 4.4× | |
| Capex to revenue | 1.1% | 0.5% | 1.7% | |
| Diluted shares | 89M | 79M | 71M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Steven Madden generated $1.02B from operations and spent $937.69M on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$1.02B
Used
$937.69M
Capital expenditure$111.00M12%Dividends$300.34M32%Share buybacks$526.34M56%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.5%
×Asset turnover0.99×
×Equity multiplier1.51×
=Return on equity, FY2020-2.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2020 | -1.5% | 0.99× | 1.51× | -2.3% |
| FY2019 | 7.9% | 1.52× | 1.44× | 17.3% |
| FY2018 | 7.7% | 1.58× | 1.32× | 16.1% |
| FY2017 | 7.5% | 1.55× | 1.31× | 15.3% |
| FY2016 | 8.6% | 1.49× | 1.32× | 17.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$162.20M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$162.20M vs –
- Less leverageLong-term debt to assets fell0.0% → 12.2%
- Better liquidityCurrent ratio rose2.16 → 1.90
- No dilutionShare count did not rise72M → 71M
- Gross margin improvedGross margin up on the prior year41.04% → 41.41%
- More efficientAsset turnover rose1.69 → 1.79