SHOO · Nasdaq · Consumer Cyclical
Steven Madden, Ltd. (SHOO) — Rank #57 by gross profitability (GP/assets 0.57) · ROE 5.2% · Piotroski F-Score 5 / 9.
As-of 2026-10-30 · CIK 0000913241 · all metrics point-in-time as of the filing date.
About
Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally.
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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.
- Industry
- Footwear & Accessories
- Sector
- Consumer Cyclical
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- stevemadden.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
4,200
Industry
Footwear & Accessories
Exchange
Nasdaq
10/12
Flags passed
SHOO fails 2 critical flags
Passes 10 of 12 quality flags
- FAILOperating margin declining
Operating margin lower than prior year
- FAILBalance sheet deteriorating
Net cash collapsed with receivables or inventory outpacing revenue
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
Warning: Operating margin declining · GP/assets 0.57
Gross profitability (GP / assets)
0.57
Primary signal (Novy-Marx).
Return on equity
5.2%
Gross margin
41.4%
Revenue growth (YoY)
11.0%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
6.1%
Revenue CAGR (5Y)
16.1%
Earnings CAGR (3Y)
-39.1%
FCF CAGR (3Y)
-22.0%
Cash Flow Health
Is the cash real?
No warning flags · FCF 144% above net income
Free cash flow
$119.54M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
143.9%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.2%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
Warning: Balance sheet deteriorating · net debt $12.41M, F-Score 5/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.89
Current ratio
1.91×
Quick ratio
0.25×
Net cash
-$12.41M
Cash & equivalents minus total debt.
Piotroski F-Score
5 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
1.2 / 5
Capital allocation quality
Composite score
1.0 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports