SHOO
Steven Madden, Ltd.
SHOO's fundamentals are strong: revenue grew 20% and its operating margin rose 5 points to 8.7%. At 17x earnings, it's trading in line with its usual 18x. Analysts expect that strong growth to continue.
SHOO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Healthy |
SHOO's revenue, profitability, cash flow and balance sheet are all currently healthy.
SHOO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $28.23 | -31% |
| Current | 17x | $41.18 | — |
| Forward | 17x | $41.18 | — |
| Fair | 18x | $44.77 | +8.7% |
| Expensive | 46x | $113 | +174% |
Historical ranges are pointers, not guarantees.
SHOO's PE is in its fair range at 16.9x. On analysts' estimates for next year's earnings, today's price would be 16.5x.
SHOO Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for SHOO, with profitability improving.
SHOO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.49 | +2.4% |
| Q3 2026 | $2.43 | +208% |
| Q2 2026 | $2.00 | +57% |
| Q1 2026 | $1.06 | -54% |
| Q4 2025 | $0.63 | -73% |
| Q3 2025 | $0.79 | -66% |
| Q2 2025 | $1.27 | -48% |
| Q1 2025 | $2.32 | -4.1% |
| Q4 2024 | $2.35 | +2.2% |
SHOO earned $2.43 per share over the past year, about three times what it earned the year before.
SHOO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $772.6M | +16% |
| Q2 2026 | $665.9M | +19% |
| Q1 2026 | $653.1M | +18% |
| Q4 2025 | $753.7M | +29% |
| Q3 2025 | $667.9M | +6.9% |
| Q2 2025 | $559M | +6.8% |
| Q1 2025 | $553.5M | +0.2% |
| Q4 2024 | $582.3M | +12% |
SHOO's revenue has grown year over year for 12 quarters in a row: $773M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.5% | +4.8 points |
| Q2 2026 | 5.9% | +13 points |
| Q1 2026 | 15% | +5.5 points |
| Q4 2025 | 4.8% | -3.2 points |
| Q3 2025 | 4.7% | -7.2 points |
| Q2 2025 | -7.2% | -16 points |
| Q1 2025 | 9.7% | -0.6 points |
| Q4 2024 | 8% | +0.3 points |
SHOO's operating margin was 9.5% last quarter, up 4.8 points from the same quarter a year ago.
SHOO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.9M | -227% |
| Q2 2026 | $196.1M | +233% |
| Q1 2026 | -$61.2M | -$32.6M |
| Q4 2025 | $80.8M | -15% |
| Q3 2025 | $8.6M | +$15.5M |
| Q2 2025 | $58.8M | -44% |
| Q1 2025 | -$28.7M | -$9M |
| Q4 2024 | $94.6M | -35% |
SHOO usually generates cash, though not every quarter: the latest was −$11M, but it generated $205M over the past year.
SHOO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +413K shares |
| 1 year | +2% | +1.4M shares |
| 3 years | -2% | -1.5M shares |
| 5 years | -11% | -8.7M shares |
| Available history | -13% | -11.1M shares |
SHOO has 73M diluted shares, up 2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $343,000 |
| Q2 2026 | $985,000 |
| Q1 2026 | $7.4M |
| Q4 2025 | $5.2M |
| Q3 2025 | $169,000 |
| Q2 2025 | $428,000 |
| Q1 2025 | $7.8M |
| Q4 2024 | $2.6M |
SHOO spent $14M buying back its own shares over the past year, up 26% from the year before.
SHOO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 1.1x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
| Q2 2024 | -0.7x | Net Cash |
| Q1 2024 | -0.6x | Net Cash |
| Q4 2023 | -0.9x | Net Cash |
SHOO's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
SHOO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.6 | Neutral |
| Stochastic | 24.1 | Neutral |
SHOO's weekly RSI is 47 (neutral) and its Stochastic is 24 (neutral).
SHOO PE vs Consumer Cyclical Sector
| Metric | SHOO | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 5.9% below |
| PE % | 37 | 47 | 10 pts below |
SHOO is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
SHOO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.5 | 5.3% below |
| 20 week MA | $43.9 | 6.1% below |
| 50 week MA | $41.7 | 1.2% below |
| 100 week MA | $36.3 | 14% above |
| 200 week MA | $37.6 | 9.4% above |
SHOO has slipped below its 8-, 20- and 50-week averages, though it's still 9.4% above its 200-week average.
SHOO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.7 | $34.6 | -19% |
| 2021 | $34.6 | $44.4 | +28% |
| 2022 | $44.4 | $32.5 | -27% |
| 2023 | $32.5 | $42.0 | +29% |
| 2024 | $42.0 | $42.3 | +0.8% |
| 2025 | $42.3 | $43.0 | +1.7% |
| 2026 YTD | $43.0 | $41.2 | -4.3% |
SHOO has finished higher in four of the last six years. It's down 4.3% so far in 2026.