Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The company designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes; and handbags, apparel, small leather goods, belts, soft accessories, fashion scarves, wraps, gifting, and other accessories. It also engages in the sale of footwear, handbags, apparel, and other accessories. In addition, the company is involved in the licensing of the Steve Madden, Kurt Geiger, and Betsey Johnson trademarks for the sale of select apparel, accessory, home categories, and other non-core products. It sells its products under the Steve Madden, Kurt Geiger London, Dolce Vita, Betsey Johnson, Blondo, Carvela, Anthony Thomas Melillo (ATM), and Anne Klein brands. The company distributes its products in the wholesale channel through department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs, as well as through direct-to-consumer channel, which includes company-operated retail stores and e-commerce websites. It markets its products through email, social media, influencer partnerships, print, experiential events, and public relations. The company was incorporated in 1990 and is headquartered in Long Island City, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.5B | $123M | $45M | $120M | 5.2% | 11.0% | -73.6% |
| 2024 | $2.3B | $258M | $169M | $172M | 20.0% | 15.2% | -1.3% |
| 2023 | $2.0B | $235M | $172M | $210M | 20.7% | -6.6% | -20.6% |
| 2022 | $2.1B | $308M | $216M | $250M | 26.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,122.01 | 1,981.58 | 2,282.93 | 2,534.11 |
| Cost Of Revenue | - | 1,248.17 | 1,149.17 | 1,346 | 1,484.64 |
| Gross Profit | - | 873.84 | 832.41 | 936.93 | 1,049.47 |
| Operating Expense | - | 586.38 | 612.67 | 698.94 | 967.98 |
| Operating Income | - | 287.45 | 219.74 | 238 | 81.49 |
| EBITDA | - | 308.03 | 235.24 | 258.01 | 123.46 |
| EBIT | - | 287.45 | 219.74 | 238 | 90.02 |
| Pretax Income | - | 282.32 | 220.61 | 230.48 | 77.68 |
| Tax Provision | - | 65.10 | 46.64 | 54.58 | 28.66 |
| Net Income | - | 216.06 | 171.55 | 169.39 | 44.66 |
| Net Income Common Stockholders | - | 216.06 | 171.55 | 169.39 | 44.66 |
| Total Expenses | - | 1,834.56 | 1,761.84 | 2,044.93 | 2,452.62 |
| Interest Expense | 1.53 | - | - | - | 12.34 |
| Interest Income | - | 0.68 | 7.39 | 5.54 | - |
| Normalized EBITDA | - | 313.83 | 241.76 | 271.06 | 114.93 |
| Normalized Income | - | 220.53 | 176.70 | 179.36 | 39.28 |
| Market Cap | 2,817.90 | 2,817.90 | 2,817.90 | 2,817.90 | 2,817.90 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Steven Madden, Ltd.this co. | SHOO | $2.7B | 63.10β premium | 3.25 | 5.2% | 25.85 |
| Patrick Industries, Inc. | PATK | $3.2B | 23.89 | 2.72 | 11.4% | 11.13 |
| American Eagle Outfitters, Inc. | AEO | $3.1B | 15.55 | 1.76 | 11.3% | 8.08 |
| LCI Industries | LCII | $3.0B | 15.48 | 2.14 | 13.8% | 9.53 |
| PHINIA Inc. | PHIN | $2.9B |
| - |
| - |
| - |
| - |
| - |
| 21.49 |
| 1.76 |
| 8.2% |
| 7.92 |
| The Buckle, Inc. | BKE | $2.8B | 13.79 | 6.81 | 49.4% | 10.55 |
| OneSpaWorld Holdings Limited | OSW | $2.5B | 34.20 | 4.51 | 13.2% | 23.59 |
| Versigent PLC | VGNT | $2.5B | 5.04 | 1.50 | 29.8% | 2.76 |
| Sonic Automotive, Inc. | SAH | $2.4B | 20.32 | 2.26 | 11.1% | 12.63 |
| Peer Median | - | 17.93 | 2.20 | 12.3% | 10.04 | |