Steven Madden (SHOO) FY2024 results: revenue $2.3 billion, up 15.2% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $2.3 billion for fiscal 2024, the year ended 31 December 2024, up 15.2% on the year before. Net income was $176 million, up 1.1%, and diluted earnings per share $2.35. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.
Revenue
$2.3 billion
+15.2% on the year
FY2017FY2024
Operating margin
9.9%
10.8% a year earlier
FY2017FY2024
Net income
$176 million
+1.1% on the year
FY2017FY2024
Diluted EPS
$2.35
+2.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
198
229
268
-13.6%
Capital expenditure
25.9
19.5
16.4
+33.1%
Free cash flow
172
210
252
-17.9%
Free cash flow margin
7.5%
10.6%
11.9%
Cash from investing
-39.5
-99.9
5.5
Cash from financing
-168
-201
-216
Depreciation and amortisation
20.0
15.5
20.6
+29.1%
Share-based compensation
26.5
24.1
24.4
+9.9%
Buybacks
98.4
142
149
-30.9%
Dividends paid
61.0
63.2
66.0
-3.4%
Dividend per share
$0.84
$0.84
$0.84
0.0%
Diluted shares, weighted
72m
75m
78m
-3.5%
Shares outstanding at period end
72m
74m
77m
-2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
848
830
832
+2.2%
Non-controlling interest
28.3
18.4
12.3
+53.4%
Debt
0.0
0.0
0.0
Operating lease liabilities
110
98.5
79.1
+11.4%
Other liabilities
426
401
335
+6.1%
Total liabilities and equity
1,412
1,348
1,258
+4.7%
Fixed assets
57.4
47.2
40.7
+21.6%
Goodwill
184
180
168
+2.1%
Intangible assets
113
126
101
-10.2%
Investments
13.5
15.2
15.1
-11.1%
Cash and equivalents
190
205
275
-7.2%
Receivables
4.7
4.8
7.7
-3.3%
Inventory
258
229
229
+12.5%
Other assets
592
541
422
+9.4%
Total assets
1,412
1,348
1,258
+4.7%
10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.