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Steven Madden, Ltd.

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Steven Madden, Ltd. • NASDAQ
$41.78 ▼ -0.24% (-0.10)
Market Cap $3.04 B
52w High $46.76
52w Low $19.05
Dividend Yield 0.84%
P/E 53.56
Volume 347.45K
Outstanding Shares 72.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $667.875M ▲ $246.017M ▼ $20.528M ▲ 3.074% ▲ $0.29 ▲ $37.593M ▲
Q2-2025 $559M ▲ $266.285M ▲ $-39.477M ▼ -7.062% ▼ $-0.56 ▼ $-29.165M ▼
Q1-2025 $553.534M ▼ $172.768M ▼ $40.423M ▲ 7.303% ▲ $0.57 ▲ $54.257M ▲
Q4-2024 $582.318M ▼ $188.699M ▲ $34.801M ▼ 5.976% ▼ $0.49 ▼ $49.125M ▼
Q3-2024 $624.675M $184.966M $55.278M 8.849% $0.78 $85.796M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $108.862M ▼ $2B ▲ $1.113B ▲ $850.841M ▲
Q2-2025 $111.854M ▼ $1.895B ▲ $1.032B ▲ $833.23M ▼
Q1-2025 $147.242M ▼ $1.427B ▲ $523.525M ▼ $875.344M ▲
Q4-2024 $203.408M ▲ $1.412B ▼ $535.774M ▼ $847.719M ▲
Q3-2024 $150.478M $1.457B $597.062M $833.923M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $22.655M ▲ $5.1M ▼ $3.332M ▲ $-11.926M ▼ $-2.992M ▲ $-6.463M ▼
Q2-2025 $-38.712M ▼ $81.362M ▲ $-391.746M ▼ $275.368M ▲ $-33.048M ▲ $73.693M ▲
Q1-2025 $40.423M ▲ $-18.832M ▼ $-1.005M ▲ $-25.902M ▲ $-45.162M ▼ $-28.679M ▼
Q4-2024 $37.803M ▼ $103.851M ▲ $-22.778M ▼ $-27.324M ▲ $50.51M ▲ $94.582M ▲
Q3-2024 $55.278M $444K $-6.53M $-35.074M $-41.043M $-6.926M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Licensing
Licensing
 $0 ▲$0 ▲$0 ▲$0 ▲
Retail Segment
Retail Segment
 $180.00M ▲$110.00M ▼$200.00M ▲$220.00M ▲
Wholesale AccessoriesApparel
Wholesale AccessoriesApparel
 $180.00M ▲$140.00M ▼$140.00M ▲$180.00M ▲
Wholesale Footwear
Wholesale Footwear
 $230.00M ▲$300.00M ▲$220.00M ▼$270.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Steven Madden has grown its sales meaningfully over the past five years, recovering strongly from the pandemic and pushing to new highs more recently. Profitability has generally been solid, with healthy gross margins and consistent operating profits since 2021. The most recent year shows higher sales but roughly flat earnings versus the prior year, suggesting some pressure on margins from costs, mix, or promotions. Overall, the income statement reflects a mature, profitable consumer brand that is still growing, but no longer in a straight-line acceleration phase and facing the normal volatility of fashion-driven demand and input costs.

Balance Sheet

Balance Sheet The balance sheet looks conservative and fairly robust. Total assets have grown steadily, equity has been building over time, and debt levels remain modest relative to the size of the business. Cash on hand is healthy, though slightly below its peak, implying the company has been deploying some capital but not stretching its finances. This combination suggests a company with room to invest, weather downturns, and absorb acquisitions, while not being overly reliant on borrowing.

Cash Flow

Cash Flow Steven Madden generates solid cash flow from its operations, and it consistently converts a good portion of its earnings into free cash flow. Investment needs are modest, with relatively low ongoing capital spending, which leaves room for shareholder returns, acquisitions, or further digital and brand investments. The most recent year shows strong, though slightly softer, operating and free cash flow compared with the peak, which is still a healthy position but worth watching if margin pressure persists.

Competitive Edge

Competitive Edge The company enjoys a strong brand in fashion footwear and accessories, known for on-trend styles at accessible prices. Its key edge is speed: identifying trends quickly, testing them in its own channels, and scaling winners fast. The brand portfolio now spans footwear, handbags, and apparel, which reduces dependence on any one category. A growing direct-to-consumer business, both online and in stores, gives better control over pricing, customer data, and brand presentation. At the same time, the business competes in a crowded, taste-driven market, so it must continually innovate in design and marketing to maintain relevance.

Innovation and R&D

Innovation and R&D Innovation at Steven Madden is centered on business model and digital capabilities rather than traditional lab-style R&D. The company has invested in a modern global e-commerce platform, data-driven marketing, and tools that improve online conversion and customer experience. It also continually refines its supply chain, shifting production across countries to manage tariffs, costs, and flexibility. Acquisitions like Kurt Geiger and Almost Famous expand its reach into new geographies and categories, creating room for product and brand experimentation. The main risk is execution: integrating acquisitions, scaling international operations, and keeping digital efforts aligned with fast-changing consumer behavior.

Summary

Overall, Steven Madden appears to be a profitable, moderately growing fashion company with a well-known brand, a disciplined balance sheet, and strong cash generation. Its story today is less about breakthrough technology and more about speed-to-market, brand management, and digital and international expansion. Key strengths are its agile design and supply chain, diversified product mix, and growing direct-to-consumer presence. Key watch points include maintaining margins as it chases growth, successfully integrating acquisitions, and sustaining brand relevance in a highly competitive, trend-sensitive industry.

NEWS

November 5, 2025 · 6:59 AM UTC

Steve Madden Announces Third Quarter 2025 Results

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October 22, 2025 · 6:59 AM UTC

Steve Madden Announces Third Quarter 2025 Earnings Release Date

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September 23, 2025 · 9:00 AM UTC

Steve Madden Deploys Fivetran to Unify Cross-Channel Marketing and Analytics Data

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