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 |
| Operating 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 |
| Total Expenses | - | 1,834.56 | 1,761.84 | 2,044.93 | 2,452.62 |
| Operating Income | - | 287.45 | 219.74 | 238 | 81.49 |
| Total Operating Income As Reported | - | 281.64 | 213.22 | 224.94 | 80.77 |
| EBITDA | - | 308.03 | 235.24 | 258.01 | 123.46 |
| Normalized EBITDA | - | 313.83 | 241.76 | 271.06 | 114.93 |
| EBIT | - | 287.45 | 219.74 | 238 | 90.02 |
| Interest Income | - | 0.68 | 7.39 | 5.54 | - |
| Interest Expense | 1.53 | - | - | - | 12.34 |
| Net Interest Income | - | 0.68 | 7.39 | 5.54 | -12.34 |
| Other Income Expense | - | -5.81 | -6.52 | -13.06 | 8.53 |
| Interest Income Non Operating | - | 0.68 | 7.39 | 5.54 | - |
| Interest Expense Non Operating | 1.53 | - | - | - | 12.34 |
| Net Non Operating Interest Income Expense | - | 0.68 | 7.39 | 5.54 | -12.34 |
| Pretax Income | - | 282.32 | 220.61 | 230.48 | 77.68 |
| Tax Provision | - | 65.10 | 46.64 | 54.58 | 28.66 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.34 | -1.38 | -3.09 | 3.15 |
| Net Income Continuous Operations | - | 217.22 | 173.98 | 175.90 | 49.02 |
| Net Income From Continuing And Discontinued Operation | - | 216.06 | 171.55 | 169.39 | 44.66 |
| Net Income From Continuing Operation Net Minority Interest | - | 216.06 | 171.55 | 169.39 | 44.66 |
| Net Income | - | 216.06 | 171.55 | 169.39 | 44.66 |
| Net Income Common Stockholders | - | 216.06 | 171.55 | 169.39 | 44.66 |
| Net Income Including Noncontrolling Interests | - | 217.22 | 173.98 | 175.90 | 49.02 |
| Normalized Income | - | 220.53 | 176.70 | 179.36 | 39.28 |
| Diluted NI Availto Com Stockholders | - | 216.06 | 171.55 | 169.39 | 44.66 |
| Basic Average Shares | - | 76.02 | 73.34 | 71.27 | 70.87 |
| Diluted Average Shares | - | 78.07 | 74.56 | 71.96 | 71.18 |
| Reconciled Depreciation | - | 20.58 | 15.50 | 20.01 | 33.44 |
| Reconciled Cost Of Revenue | - | 1,248.17 | 1,149.17 | 1,346 | 1,484.64 |
| Total Unusual Items | - | -5.81 | -6.52 | -13.06 | 8.53 |
| Total Unusual Items Excluding Goodwill | - | -5.81 | -6.52 | -13.06 | 8.53 |
| Minority Interests | - | -1.16 | -2.42 | -6.51 | -4.36 |
| Special Income Charges | - | -5.81 | -6.52 | -13.06 | -0.72 |
| Impairment Of Capital Assets | - | 0 | 6.52 | 10.34 | 6.30 |
| Restructuring And Mergern Acquisition | - | 5.81 | 0 | 2.72 | -5.58 |
| Gain On Sale Of Security | - | - | - | - | 9.25 |
| Total Other Finance Cost | 1.53 | -0.68 | -7.39 | - | - |
| Other Operating Expenses | - | 586.38 | 612.67 | 698.94 | 967.98 |
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 | $3.2B | 72.72β premium | 3.75 | 5.2% | 29.33 |
| Asbury Automotive Group, Inc. | ABG | $3.5B | 7.20 | 0.91 | 12.6% | 9.38 |
| Signet Jewelers Limited | SIG | $3.4B | 11.60 | 1.74 | 15.0% | 5.67 |
| Advance Auto Parts, Inc. | AAP | $3.4B | 76.63 | 1.53 | 2.0% | 17.10 |
| Academy Sports and Outdoors, Inc. | ASO |
| - |
| - |
| - |
| - |
| - |
| $3.3B |
| 8.75 |
| 1.52 |
| 17.4% |
| 7.53 |
| The Cheesecake Factory Incorporated | CAKE | $3.2B | 21.37 | 7.27 | 34.0% | 18.01 |
| PHINIA Inc. | PHIN | $3.0B | 23.42 | 1.92 | 8.2% | 8.50 |
| Green Brick Partners, Inc. | GRBK | $3.0B | 9.55 | 1.65 | 17.3% | 7.63 |
| Marriott Vacations Worldwide Corporation | VAC | $3.0B | - | 1.50 | -15.5% | 434.60 |
| Peer Median | - | 11.60 | 1.59 | 13.8% | 8.94 | |