SHOOSteven Madden, Ltd.
Is the business good?
The checks split: earnings fully cash-backed (1.7×), but margins compressing.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 9% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is SHOO?
Steven Madden, Ltd. earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 6.3 points above what the capital costs: growth creates value
- Operating margin
- 7.5%
Operating margin · Footwear & Accessories median 8.8% · 12 months to Q2 2026
- Cash conversion
- 1.68×
Cash conversion · 1.67× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +1.8%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −2.6% |
| FY2021 | 13% |
| FY2022 | 13% |
| FY2023 | 11% |
| FY2024 | 9.8% |
| FY2025 | 3.2% |
Details›
- Gross margin12 months to Q2 2026
- 46%
- Operating margin12 months to Q2 2026
- 7.5%
- Net margin12 months to Q2 2026
- 5.4%
- Free cash flow margin
- 8.2%
- Revenue, trailing twelve months
- $2.74B
- Free cash flow, trailing twelve months
- $224M
- Net income, trailing twelve months
- $148M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Footwear & Accessories
Ranks #2 of 9 by RyuScore