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.
Rule-based from financial data. Not advice.
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 | 72.72↑ 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 | |
Historically, Nov has averaged the highest return (+12.2%); Mar the lowest (-7.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.4%Positive MonthJan 2026: +5.38% | -17.7%Negative MonthFeb 2026: -17.73% | -6.0%Negative MonthMar 2026: -6.04% | +10.7%Positive MonthApr 2026: +10.73% | +15.7%Positive MonthMay 2026: +15.65% | -3.1%Negative MonthJun 2026: -3.08% | +9.5%Positive MonthJul 2026: +9.45% | +2.7%*Positive MonthAug 2026: +2.73% | — | — | — | — |
| 2025 | -3.5%Negative MonthJan 2025: -3.46% | -20.1%Negative MonthFeb 2025: -20.12% | -18.8%Negative MonthMar 2025: -18.76% | -21.2%Negative MonthApr 2025: -21.17% | +17.4%Positive MonthMay 2025: +17.38% | -2.7%Negative MonthJun 2025: -2.72% | +0.1%Neutral MonthJul 2025: +0.13% | +20.9%Positive MonthAug 2025: +20.95% | +15.3%Positive MonthSep 2025: +15.29% | +1.3%Neutral MonthOct 2025: +1.28% | +23.2%Positive MonthNov 2025: +23.21% | -0.3%Neutral MonthDec 2025: -0.34% |
| 2024 | -0.3%Neutral MonthJan 2024: -0.29% | +2.2%Positive MonthFeb 2024: +2.24% | -1.3%Neutral MonthMar 2024: -1.26% | -4.4%Negative MonthApr 2024: -4.42% | +10.0%Positive MonthMay 2024: +10.00% | -4.8%Negative MonthJun 2024: -4.84% | +7.2%Positive MonthJul 2024: +7.19% | -0.5%Neutral MonthAug 2024: -0.53% | +8.6%Positive MonthSep 2024: +8.63% | -8.2%Negative MonthOct 2024: -8.21% | +1.4%Neutral MonthNov 2024: +1.36% | -6.7%Negative MonthDec 2024: -6.71% |
| 2023 | +12.2%Positive MonthJan 2023: +12.17% | +1.3%Neutral MonthFeb 2023: +1.26% | -0.8%Neutral MonthMar 2023: -0.83% | -2.7%Negative MonthApr 2023: -2.67% | -10.9%Negative MonthMay 2023: -10.93% | +4.7%Positive MonthJun 2023: +4.74% | +2.1%Positive MonthJul 2023: +2.11% | +3.4%Positive MonthAug 2023: +3.36% | -7.9%Negative MonthSep 2023: -7.91% | +3.2%Positive MonthOct 2023: +3.21% | +15.6%Positive MonthNov 2023: +15.65% | +10.8%Positive MonthDec 2023: +10.76% |
| 2022 | -11.5%Negative MonthJan 2022: -11.47% | +3.7%Positive MonthFeb 2022: +3.69% | -9.4%Negative MonthMar 2022: -9.42% | +6.3%Positive MonthApr 2022: +6.26% | -9.4%Negative MonthMay 2022: -9.45% | -13.4%Negative MonthJun 2022: -13.37% | -1.6%Neutral MonthJul 2022: -1.58% | -8.2%Negative MonthAug 2022: -8.17% | -8.4%Negative MonthSep 2022: -8.38% | +12.0%Positive MonthOct 2022: +12.00% | +15.6%Positive MonthNov 2022: +15.63% | -7.5%Negative MonthDec 2022: -7.47% |
| 2021 | — | — | — | — | +1.8%Neutral MonthMay 2021: +1.79% | +5.7%Positive MonthJun 2021: +5.70% | +0.2%Neutral MonthJul 2021: +0.16% | -7.7%Negative MonthAug 2021: -7.67% | -0.8%Neutral MonthSep 2021: -0.77% | +12.3%Positive MonthOct 2021: +12.30% | +5.2%Positive MonthNov 2021: +5.21% | -2.1%Negative MonthDec 2021: -2.07% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.