A Business at a Glance
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STEVEN MADDEN, LTD.
SHOO
$3.3B
Mkt Cap
$42.75
+1.57%
STEVEN MADDEN, LTD. (SHOO) has a current P/E ratio of 67.9, compared to its historical median P/E of 17.6. The stock is currently considered Expensive based on its historical valuation range.
STEVEN MADDEN, LTD. (SHOO) has a 5-year average return on invested capital (ROIC) of 24.2%. This indicates strong capital allocation and a potential competitive advantage.
STEVEN MADDEN, LTD. (SHOO) has a market capitalization of $3.3B. It is classified as a mid-cap stock.
Yes, STEVEN MADDEN, LTD. (SHOO) pays a dividend with a trailing twelve-month yield of 1.83%. The company also returns capital through share buybacks, with a buyback yield of 0.41%.
Based on historical P/E analysis, STEVEN MADDEN, LTD. (SHOO) appears expensive. The current P/E of 67.9 is 286% above its historical median of 17.6. The estimated fair value CAGR (P/E method) is 11.9%.
STEVEN MADDEN, LTD. (SHOO) operates in the Footwear, (No Rubber) industry, within the Consumer Cyclical sector.
STEVEN MADDEN, LTD. (SHOO) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Steven Madden, Ltd. and its subsidiaries design, source, and market fashion-forward branded and private label footwear, accessories, and apparel. We distribute our products through the wholesale channel to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs throughout the United States, the United Kingdom, Europe, Canada, and Mexico. Additionally, the Company operates in other international markets through its joint ventures in South Africa, the Middle East, Israel, Australia, various countries in Europe, Latin America, and certain countries in Asia, and through special distribution arrangements in various European countries, North Africa, South and Central America, and various countries within the Asia-Pacific region.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.5B | 2.3B | 2.0B | 2.1B | 1.9B |
| Net Income | 49M | 49M | 176M | 174M | 217M | 192M |
| EPS | $0.63 | $0.63 | $2.35 | $2.30 | $2.77 | $2.34 |
| Free Cash Flow | 120M | 120M | 172M | 210M | 252M | 153M |
| ROIC | 4.1% | 5.4% | 24.4% | 26.1% | 36.1% | 29.2% |
| Gross Margin | 41.4% | 41.4% | 41.0% | 42.0% | 41.2% | 41.1% |
| Debt/Equity | 0.56 | 0.56 | 0.18 | 0.17 | 0.13 | 0.14 |
| Dividends/Share | $0.78 | $0.84 | $0.84 | $0.84 | $0.84 | $0.60 |
| Operating Income | 81M | 81M | 225M | 213M | 282M | 244M |
| Operating Margin | 3.2% | 3.2% | 9.9% | 10.8% | 13.3% | 13.1% |
| ROE | 5.7% | 5.7% | 21.0% | 20.9% | 26.4% | 24.2% |
| Shares Outstanding | 78M | 78M | 75M | 76M | 78M | 82M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.3B | 1.4B | 1.4B | 1.6B | 1.7B | 1.8B | 1.2B | 1.9B | 2.1B | 2.0B | 2.3B | 2.5B | 2.5B |
| Gross Margin | 35.1% | 35.6% | 37.3% | 38.2% | 38.2% | 38.4% | 38.7% | 41.1% | 41.2% | 42.0% | 41.0% | 41.4% | 41.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 301M | 329M | 353M | 429M | 467M | 509M | 433M | 524M | 592M | 619M | 712M | 969M | 969M |
| EBIT | 168M | 172M | 169M | 170M | 173M | 177M | -32M | 244M | 282M | 213M | 225M | 81M | 81M |
| Op. Margin | 12.6% | 12.2% | 12.1% | 10.8% | 10.3% | 9.9% | -2.6% | 13.1% | 13.3% | 10.8% | 9.9% | 3.2% | 3.2% |
| Net Income | 112M | 113M | 121M | 118M | 129M | 141M | -18M | 192M | 217M | 174M | 176M | 49M | 49M |
| Net Margin | 8.4% | 8.0% | 8.6% | 7.5% | 7.7% | 7.9% | -1.5% | 10.3% | 10.2% | 8.8% | 7.7% | 1.9% | 1.9% |
| Non-Recurring | -291K | 1.6M | -271K | -455K | -1.2M | -920K | 21M | -117K | 409K | 6.5M | 7.1M | 6.3M | 6.3M |
| Returns on Capital | |||||||||||||
| ROIC | 20.1% | 19.0% | 19.9% | 19.7% | 22.7% | 22.4% | -2.3% | 29.2% | 36.1% | 26.1% | 24.4% | 5.4% | 4.1% |
| ROE | 16.6% | 16.8% | 17.0% | 15.3% | 16.1% | 17.3% | -2.3% | 24.2% | 26.4% | 20.9% | 21.0% | 5.7% | 5.7% |
| ROA | 12.5% | 12.4% | 12.9% | 11.7% | 12.1% | 12.0% | -1.5% | 15.4% | 16.6% | 13.4% | 12.7% | 2.9% | 2.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 152M | 136M | 154M | 158M | 154M | 234M | 44M | 159M | 268M | 229M | 198M | 162M | 162M |
| Free Cash Flow | 134M | 117M | 138M | 143M | 142M | 215M | 38M | 153M | 252M | 210M | 172M | 120M | 120M |
| Owner Earnings | 118M | 97M | 113M | 116M | 111M | 189M | 4.2M | 122M | 223M | 190M | 152M | 99M | 99M |
| CapEx | 18M | 19M | 16M | 15M | 12M | 18M | 6.6M | 6.6M | 16M | 19M | 26M | 43M | 43M |
| Maint. CapEx | 15M | 21M | 21M | 21M | 22M | 21M | 17M | 15M | 21M | 16M | 20M | 33M | 33M |
| Growth CapEx | 3.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.0M | 5.9M | 9.2M | 9.2M |
| D&A | 15M | 21M | 21M | 21M | 22M | 21M | 17M | 15M | 21M | 16M | 20M | 33M | 33M |
| CapEx/OCF | 12.0% | 14.3% | 10.3% | 9.4% | 8.1% | 7.8% | 14.8% | 4.1% | 6.1% | 8.5% | 13.1% | 26.3% | 26.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 47M | 48M | 12M | 49M | 66M | 63M | 61M | 61M | 61M |
| Dividend Yield | N/A | N/A | N/A | N/A | 1.9% | 1.9% | 0.6% | 1.6% | 2.6% | 2.6% | 2.0% | 2.5% | 1.8% |
| Share Buybacks | 142M | 136M | 86M | 99M | 106M | 102M | 47M | 123M | 149M | 142M | 98M | 14M | 14M |
| Buyback Yield | 8.2% | 12.6% | 6.9% | 4.3% | 4.7% | 3.2% | 1.9% | 3.7% | 6.5% | 4.6% | 3.2% | 0.4% | 0.4% |
| Stock-Based Comp | 19M | 19M | 20M | 21M | 21M | 23M | 23M | 22M | 24M | 24M | 27M | 30M | 30M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228M | 228M |
| Balance Sheet | |||||||||||||
| Net Debt | -83M | -75M | -136M | -215M | -267M | -133M | 22M | -153M | -181M | -81M | -50M | 374M | 374M |
| Cash & Equiv. | 81M | 72M | 126M | 181M | 200M | 264M | 248M | 219M | 275M | 205M | 190M | 112M | 112M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 234M | 234M |
| Debt/Equity | 0.04 | 0.04 | 0.04 | 0.04 | 0.00 | 0.21 | 0.40 | 0.14 | 0.13 | 0.17 | 0.18 | 0.56 | 0.56 |
| Interest Coverage | 794.5 | 366.0 | 92.8 | 66.8 | 43.8 | 40.1 | -19.5 | 159.3 | 416.6 | 28.8 | 40.6 | 6.5 | 6.5 |
| Equity | 669M | 678M | 741M | 803M | 806M | 829M | 777M | 812M | 832M | 830M | 848M | 866M | 866M |
| Total Assets | 911M | 914M | 961M | 1.1B | 1.1B | 1.3B | 1.1B | 1.4B | 1.3B | 1.3B | 1.4B | 1.9B | 1.9B |
| Total Liabilities | 242M | 236M | 220M | 248M | 258M | 437M | 347M | 535M | 414M | 500M | 536M | 1.0B | 1.0B |
| Intangibles | 140M | 150M | 144M | 151M | 143M | 163M | 115M | 112M | 101M | 126M | 113M | 281M | 281M |
| Retained Earnings | 784M | 897M | 1.0B | 1.1B | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 1.7B | 1.8B | 1.8B | 1.8B |
| Working Capital | 265M | 284M | 346M | 439M | 478M | 438M | 462M | 509M | 523M | 477M | 481M | 475M | 475M |
| Current Assets | 442M | 459M | 529M | 646M | 703M | 719M | 698M | 945M | 844M | 855M | 895M | 1.0B | 1.0B |
| Current Liabilities | 178M | 175M | 183M | 207M | 225M | 281M | 236M | 435M | 321M | 378M | 414M | 526M | 526M |
| Per Share Data | |||||||||||||
| EPS | 1.76 | 1.85 | 1.35 | 1.36 | 1.50 | 1.69 | -0.23 | 2.34 | 2.77 | 2.30 | 2.35 | 0.63 | 0.63 |
| Owner EPS | 1.86 | 1.58 | 1.26 | 1.33 | 1.29 | 2.26 | 0.05 | 1.48 | 2.84 | 2.51 | 2.02 | 1.27 | 1.27 |
| Book Value | 10.53 | 11.11 | 8.27 | 9.26 | 9.36 | 9.91 | 9.71 | 9.87 | 10.60 | 10.97 | 11.33 | 11.14 | 11.14 |
| Cash Flow/Share | 2.40 | 2.23 | 1.72 | 1.82 | 1.79 | 2.80 | 0.55 | 1.94 | 3.42 | 3.03 | 2.65 | 2.08 | 1.06 |
| Dividends/Share | N/A | N/A | 0.00 | 0.00 | 0.53 | 0.57 | 0.15 | 0.60 | 0.84 | 0.84 | 0.84 | 0.84 | 0.78 |
| Shares Out. | 63.6M | 61.0M | 89.6M | 86.7M | 86.1M | 83.6M | 80.0M | 82.2M | 78.4M | 75.6M | 74.9M | 77.8M | 77.8M |
| Valuation | |||||||||||||
| P/E Ratio | 15.5 | 9.6 | 10.3 | 19.8 | 17.6 | 22.5 | N/A | 17.5 | 10.6 | 17.7 | 17.5 | 68.3 | 67.9 |
| P/FCF | 8.6 | 9.3 | 13.6 | 16.3 | 16.0 | 14.8 | 66.7 | 22.0 | 9.2 | 14.7 | 17.9 | 28.0 | 27.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.8 | 43.0 | 45.8 |
| Price/Book | N/A | N/A | 1.7 | 2.9 | 2.8 | 3.8 | 3.2 | 4.1 | 2.8 | 3.7 | 3.6 | 3.9 | 3.8 |
| Price/Sales | 1.4 | 0.9 | 0.9 | 1.3 | 1.5 | 1.4 | 1.6 | 1.6 | 1.2 | 1.2 | 1.4 | 0.9 | 1.3 |
| FCF Yield | 7.7% | 10.8% | 11.1% | 6.1% | 6.2% | 6.8% | 1.5% | 4.5% | 10.9% | 6.8% | 5.6% | 3.6% | 3.6% |
| Market Cap | 1.7B | 1.1B | 1.2B | 2.3B | 2.3B | 3.2B | 2.5B | 3.4B | 2.3B | 3.1B | 3.1B | 3.3B | 3.3B |
| Avg. Price | 19.29 | 21.36 | 20.02 | 22.68 | 28.62 | 30.66 | 24.15 | 37.13 | 32.70 | 32.34 | 41.75 | 30.84 | 42.75 |
| Year-End Price | 18.18 | 17.68 | 20.86 | 26.93 | 26.39 | 38.03 | 31.38 | 40.92 | 29.35 | 40.81 | 41.19 | 43.04 | 42.75 |
STEVEN MADDEN, LTD. passes 4 of 9 quality checks, suggesting mixed fundamentals.
STEVEN MADDEN, LTD. trades at 67.9x trailing earnings, compared to its 15-year median P/E of 17.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 26.1x vs a median of 16.2x. The company's 5-year average ROIC is 24.2% with a gross margin of 41.4%. Total shareholder yield (dividends + buybacks) is 2.2%. At current prices, the estimated annualized return to fair value is +11.1%.
STEVEN MADDEN, LTD. (SHOO) has a net profit margin of 1.9%. This is a modest margin.
STEVEN MADDEN, LTD. (SHOO) generated $120 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
STEVEN MADDEN, LTD. (SHOO) has a debt-to-equity ratio of 0.56. This indicates moderate leverage.
STEVEN MADDEN, LTD. (SHOO) reported earnings per share (EPS) of $0.63 in its most recent fiscal year.
STEVEN MADDEN, LTD. (SHOO) has a return on equity (ROE) of 5.7%. This indicates moderate shareholder returns.
STEVEN MADDEN, LTD. (SHOO) has a 5-year average gross margin of 41.4%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for STEVEN MADDEN, LTD. (SHOO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
STEVEN MADDEN, LTD. (SHOO) has a book value per share of $11.14, based on its most recent annual SEC filing.
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