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MARKETS / NASDAQ / SHOO
NASDAQ · FOOTWEAR, (NO RUBBER) · LARGE CAP

Steven Madden, Ltd. SHOO

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.5B
▲ 11.0% YoY
$49.0M
▼ 72.1% YoY
$119.5M
▼ 30.6% YoY
In brief

What this company does

Steven Madden, Ltd. and its subsidiaries design, source, and market fashion-forward branded and private label footwear, accessories, and apparel. As of February 1, 2026, it employed approximately 6,300 employees globally, with approximately 2,100 of these employees located in the United States and approximately 4,200 located internationally. As of December 31, 2025, it operated 399 brick-and-mortar retail stores, including 251 Steve Madden full-price stores and 69 outlet stores, 31 Kurt Geiger London full-price stores and 17 outlet stores, 14 Carvela full-price stores and 12 outlet stores, four Dolce Vita full-price stores, and one ATM full-price store. Its Wholesale Footwear segment designs, sources, and markets its brands and sells its products, consisting of footwear, to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs throughout the United States, the United Kingdom, Europe, Canada, and Mexico. Its Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products, primarily consisting of handbags and apparel, to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs throughout the United States, the United Kingdom, Europe, Canada, and Mexico. Its Direct-to-Consumer segment engages in the sale of footwear, handbags, apparel, and other trend accessories through Steve Madden, Kurt Geiger, Carvela, Dolce Vita, and ATM full-price retail stores, Steve Madden, Kurt Geiger and Carvela outlet stores, directly-operated concessions in international markets, and directly-operated e-commerce platforms. Its Licensing segment engages in the licensing of the Steve Madden, Kurt Geiger, and Betsey Johnson trademarks for use in the sale of select apparel, accessories, and home categories as well as various other non-core products.

Written from the business description in STEVEN MADDEN, LTD.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 2.5B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.5 · Net income 0.0
1B2B200920112013201520172019202120232025
Compound annual growth
+6.1%
+16.1%
+6.1%
+9.7%
−39.1%
−39.0%
+0.0%
+41.1%
−29.7%
+5.3%
−4.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.2% · Net 1.9%
5%10%15%-1%-2%200920112013201520172019202120232025
ROE
FY2025 · ROE 5.7%
10%20%200920112013201520172019202120232025

Each USD of equity produced 6 cents of profit this year.

Cash & shareholders
USD 74.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 119.5
100M200M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 61.0 · Net buybacks 13.5
80M160MDividendsNet buybacks201020122014201620182020202220242025

USD 61.0M in dividends and USD 13.5M in buybacks — 152% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.9B
EquityUSD 866.4M
CashUSD 112.4M
Gross debtUSD 234.2M
Net debtUSD 121.7M
Current ratio1.90×

Net debt stands at 14% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.52.32.02.11.91.21.81.71.61.41.41.31.31.21.00.60.5
Operating income $B0.10.20.20.30.2−0.00.20.20.20.20.20.20.20.20.20.10.1
EBITDA $B0.10.20.20.30.3−0.00.20.20.20.20.20.20.20.20.20.10.1
Income tax $B0.00.10.00.10.0−0.00.00.00.10.00.10.10.10.10.10.10.0
Net income $B0.00.20.20.20.2−0.00.10.10.10.10.10.10.10.10.10.10.1
Free cash flow $B0.10.20.20.30.20.00.20.10.10.10.10.10.10.10.10.10.1
EPS, diluted $0.632.352.302.772.34−0.231.691.501.361.35·1.761.981.811.501.781.22
Dividend / sh $0.840.840.840.840.600.150.570.530.000.00·······
Payout %12435363026−68343700·······
ROE %5.721.020.926.424.2−2.317.316.115.317.016.816.620.221.723.421.2·
Shares out B0.070.070.070.080.080.080.080.090.090.090.060.060.070.070.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures · 2 divergences in 82 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent
ActivityFootwear, (No Rubber)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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