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Steven Madden (SHOO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Steven Madden
NasdaqGS•Consumer Cyclical•Footwear & Accessories
$41.51+1.05(0.03%)Pre-market
Market Cap
$3.00B
P/E
20.6x
P/S
1.1x
P/B
3.2x

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.

B

How this company scores

GoodMetricSide Score: 77/100

Strongest: Growth (24/25); weakest: Cash & Earnings Quality (16/25).

Profitability17/25
Growth24/25
Balance Sheet & Red Flags20/25
Cash & Earnings Quality16/25
Strengths
Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.6x5y range 8.5x – 61.1x
P/E 20.6x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 1.1x5y range 0.7x – 2.0x
P/S 1.1x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 3.2x5y range 2.0x – 4.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 1.2x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume
Market Cap $3.00B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.74B
7Q
Q. Revenue
$665.87M
19%
TTM EBITDA
$243.66M
2Q
TTM Op. Income
$205.59M
2Q
Q. Op. Income
$39.32M
198%
TTM Net Income
$146.02M
2Q
Q. Net Income
$27.73M
172%
EPS
$0.39
170%
Shares Out.
$71.29M
6Q
$2.74B in TTM revenue grew 18.2% YoY, reaching $665.87M last quarter. TTM EBITDA of $243.66M and TTM operating income of $205.59M show growth is flowing through to the bottom line. TTM net income of $146.02M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
46.5%
15%
EBITDA Margin
7.3%
229%
Op. Margin
5.9%
182%
Net Margin
4.2%
160%
Op. margin of 5.9% is up 13.1% YoY — cost efficiency is improving. Net margin at 4.2% and gross margin of 46.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 182% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
20.6x
2Q
P/S Ratio
1.1x
50%
P/B Ratio
3.2x
57%
At 20.6x P/E, the stock trades within typical market levels. P/S of 1.1x and P/B of 3.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$1.84B
3%
Cash
$94.74M
15%
Long-Term Debt
$124.83M
57%
Book Value
$939.60M
4Q
D/E Ratio
0.1
62%
Debt/EBITDA
2.6
3Q
With $1.84B in assets and $124.83M in long-term debt, D/E is 0.1and book value is $939.60M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 62% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$204.60M
208%
TTM Free Cash Flow
$224.27M
90%
FCF Margin
8.2%
61%
FCF / Net Income
1.5
26%
TTM FCF of $224.27M on $204.60M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 90% — an improving trend.

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P/B 3.2x
· near its 20-quarter median

Currently near its 20-quarter median.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.