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Steven Madden

SHOO
58
Apparel - Footwear & Accessories · Consumer Cyclical
Exchange
NASDAQ
Winston Score
58
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Good
Cash Flow
Strong
Stability
Exceptional
Valuation
Strong
Dividends
Weak

Winston Score History

The full picture

Steven Madden designs and sells shoes, handbags, and accessories. The company is best known for its Steve Madden brand, which targets younger, fashion-conscious shoppers looking for trendy styles at mid-range prices. It also owns several other brands, including Dolce Vita and Anne Klein, and sells through department stores, its own retail shops, and online.

The company makes money by selling products wholesale to retailers like Nordstrom and Macy's, as well as directly to consumers through its own stores and website. Steven Madden operates mainly in North America but has been growing its international presence, particularly in Latin America and Europe. Its competitive edge comes from a fast design-to-shelf process that lets it quickly copy runway trends and get products into stores ahead of slower competitors. The main risk is that fashion tastes shift quickly, and the company depends heavily on staying relevant with younger shoppers who move on fast.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+19.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+169.6% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

2.4%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$95M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Steven Madden is a rare growth stock that's already generating positive cash flow while growing at 19%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
46.5%
Healthy — 46.5% gross margin
Profit after running costs
Operating Margin
5.9%
Thin — 5.9% operating margin
Return on the money invested
ROCE
18.0%
Strong — 18.0% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+18.0%
Fast-growing sales (+18.0% YoY)
Profit growth
EPS YoY
+57.8%
Earnings growing fast (+57.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
174%
Turns 174% of profit into real cash
Spare cash per sale
FCF Margin
7.6%
Modest free cash flow (7.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.20
Conservative — low debt load (0.20)
Covers its interest
Interest Cover
44.86x
Comfortably covers interest (44.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
22.8x
no trend
Growth-priced — P/E 22.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+6.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (22.8 → 16.7)

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Dividends

Dividend
Dividend Yield
1.82%
no trend
Small dividend — 1.82% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+0.0%
no trend
Dividend flat

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