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 71.4× (Nov '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 1.3× (Nov '26).
The dividend yield has fallen from 2.5% (Mar '23) to 1.9% (Nov '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?
Steven Madden, Ltd.'s P/E (TTM) is 22.24 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SHOO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 71.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.