Steven Madden Ltd.
Steven Madden, Ltd. and its subsidiaries design, source, and market fashion-forward branded and private label footwear, accessories, and apparel. We distribute our products through the wholesale channel 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 Un…
$43.21
-$1.21 (-2.72%)
EOD Oct 23, 2026
Operating margin is thin at 7.50%. Limited cushion if revenue slows or costs rise.
Revenue grew 11.0% in the fiscal year ended Dec 2025, still solid. Margins contracted 6.7pp, which offsets some of the top-line progress.
Free cash flow declined 31% in the fiscal year ended Dec 2025 versus the year before, cash generation momentum has weakened. ROIC fell 12.9 points in the fiscal year ended Dec 2025, capital efficiency is deteriorating.
21.61x earnings, 14.10x FCF. A middle-of-the-range multiple: the price assumes roughly the current trajectory.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.74B
▲ +11.0% YoY
Net Income (TTM)
$148M
▼ -72.1% YoY
Op. Margin
7.50%
▼ -6.7pp YoY
ROIC
11.63%
▼ -12.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$224M
▼ -30.6% YoY
Op. Cash Flow (TTM)
$264M
▼ -18.1% YoY
Net Debt
$374M
Cash & Equiv.
$112M
5Y CAGR: +16.1%
5Y CAGR: +26.0%
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SourceComputed from the 10-Q filed 28 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Price from market data, last close as of 23 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Steven Madden (SHOO) overvalued?
At a P/E of 21.6 and a price-to-free-cash-flow of 14.1, Steven Madden (SHOO) trades below a two-stage DCF intrinsic value of about $73.73 per share, so at $43.21 the stock looks undervalued (70.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Steven Madden scores 52/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Steven Madden's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $73.73 per share for SHOO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $55.29. At today's $43.21, that puts the stock about 70.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Steven Madden a high-quality business?+
Steven Madden scores 52 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 7.5% operating margin and a 11.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Steven Madden (SHOO) pay a dividend, and how much?+
Yes, Steven Madden pays a regular dividend of about $0.85 per share per year (typically in quarterly installments), a yield of roughly 1.9% at the current price. That is a payout ratio of about 41.4% of earnings, so the dividend is well covered. Steven Madden has grown the dividend at roughly 5.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SHOO's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Steven Madden a good stock to buy right now?+
That depends on valuation and quality together, not either alone. SHOO currently trades below its estimated intrinsic value and scores 52/100 on quality (mixed). It also yields about 1.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Footwear, (No Rubber)
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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