15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.2% per year over the past 5 years.
Operating margin has expanded, at 3.2% in the latest year.
Free cash flow has grown 26.0% per year over the past 5 years.
Financial health
Total debt ($234M) exceeds cash ($112M); net debt is $122M.
Total debt is 2.1× EBITDA.
Shareholder returns
Dividends have been paid for 8 consecutive years, consuming 136.5% of earnings and 51.0% of free cash flow.
The dividend has grown 37.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$2.5B
$45M
41.6%
3.2%
5.2%
2.3%
$120M
$234M
$112M
2024
$2.3B
$169M
41.2%
9.9%
20.0%
12.0%
$172M
$0
$190M
2023
$2.0B
$172M
42.2%
10.8%
20.7%
12.7%
$210M
—
$205M
2022
$2.1B
$216M
41.4%
13.3%
26.0%
17.2%
$252M
—
$275M
2021
$1.9B
$191M
41.4%
13.1%
23.5%
14.1%
$153M
—
$219M
2020
$1.2B
-$18M
39.1%
-2.7%
-2.4%
-1.6%
$38M
—
$248M
2019
$1.8B
$141M
38.8%
10.0%
17.1%
11.1%
$215M
—
$264M
2018
$1.7B
$129M
38.7%
10.5%
16.0%
12.0%
$142M
—
$200M
2017
$1.5B
$118M
38.7%
11.0%
14.7%
11.2%
$143M
—
$181M
2016
—
$121M
—
—
16.3%
12.6%
$138M
—
$126M
2015
—
$113M
—
—
16.6%
12.4%
$117M
—
$72M
2014
—
$112M
—
—
16.7%
12.3%
$134M
—
$81M
2013
—
$132M
—
—
19.5%
15.0%
$135M
—
$180M
2012
—
$120M
—
—
19.1%
14.9%
$123M
—
$169M
2012
—
$32M
—
—
5.4%
4.0%
—
—
$65M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$663M
$28M
46.7%
5.9%
3.0%
1.5%
$196M
$125M
—
Mar '26
$650M
$72M
55.0%
15.2%
7.9%
3.7%
-$61M
$286M
—
Dec '25
$750M
$23M
42.6%
4.8%
2.7%
1.2%
$81M
$234M
$112M
Sep '25
$664M
$21M
41.8%
4.7%
2.4%
1.0%
$9M
$294M
—
Jun '25
$556M
-$39M
40.6%
-7.2%
-4.7%
-2.1%
$59M
$293M
$112M
Mar '25
$551M
$40M
41.0%
9.7%
4.6%
2.8%
-$29M
$0
$145M
Dec '24
$579M
—
40.7%
8.1%
0.0%
0.0%
$95M
$0
$190M
Sep '24
$621M
$55M
41.8%
12.0%
6.6%
3.8%
-$7M
$0
—
Jun '24
$522M
—
41.6%
9.0%
0.0%
0.0%
$104M
$0
$180M
Mar '24
$551M
—
40.8%
10.3%
0.0%
0.0%
-$20M
—
$132M
Dec '23
$517M
—
41.5%
7.7%
0.0%
0.0%
$146M
—
$205M
Sep '23
$550M
—
42.3%
15.0%
0.0%
0.0%
-$11M
—
—
Jun '23
$443M
—
42.9%
9.9%
0.0%
0.0%
$92M
—
—
Mar '23
$462M
—
42.3%
10.1%
0.0%
0.0%
-$17M
—
—
Dec '22
$468M
$32M
42.4%
8.5%
3.8%
2.5%
$195M
—
$275M
Sep '22
$553M
$61M
41.5%
14.2%
7.3%
5.0%
$22M
—
$139M
Jun '22
$533M
—
40.9%
12.2%
0.0%
0.0%
$58M
—
$151M
Mar '22
$557M
—
40.9%
17.6%
0.0%
0.0%
-$23M
—
$170M
Dec '21
$575M
$66M
41.4%
13.8%
8.1%
4.9%
$61M
—
$219M
Sep '21
$525M
$67M
41.9%
16.8%
8.3%
5.1%
$2M
—
$220M
Valuation over time
How the market has priced SHOO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 12.2× (Mar '23) to 69.3× (Sep '26).
The price-to-sales ratio has fallen from 1.2× (Mar '23) to 1.2× (Sep '26).
The dividend yield has fallen from 2.5% (Mar '23) to 2.0% (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is SHOO growing its revenue and profit?
Over the past 5 years, Steven Madden, Ltd.'s revenue has grown 16.2% per year. These are computed facts, not advice.
How much debt does SHOO have?
As of FY2025, Steven Madden, Ltd. reported $234M of total debt against $112M of cash.
What is SHOO's profit margin?
In FY2025, gross margin was 41.6%, operating margin 3.2%, and net margin 1.8%.
What is SHOO's P/E ratio?
As of Sep '26, Steven Madden, Ltd. traded at a price-to-earnings ratio of about 69.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.