Steven Madden Ltd. Common Stock (SHOO)

FairStock Score: 36/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn consistent returns and sell at a sensible price. Steven Madden is a fashion footwear and accessories company with a $3.3B market value. Its fiscal 2025 10-K shows revenue of $2.5B, net income of $49.0M, and diluted EPS of $0.63, down sharply from fiscal 2024 net income of $175.9M and diluted EPS of $2.35. That is not the steady compounding I prize. FairStock's Lynch category is SLOW GROWER - Shrinking, with profit down about 29.0% a year over four years and revenue up 8.0%. Still, fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $662.9M and net income of $27.7M, or $0.38 diluted, versus a fiscal Q2 2025 net loss of $39.5M on revenue of $556.1M. Recent results are recovering, but margins are thin and fashion is competitive. Financial health is decent: trailing free cash flow of $224.3M, FCF yield of 6.8%, debt-to-equity of 0.39, and an Altman Z-score of 4.40. Yet Piotroski is 5/9, ROE is 15.91%, and ROCE is 8.14%. At the 2026-10-13 close of $44.75, FairStock calculations show a P/E of 22.38, P/B of 3.49, EV/EBITDA of 14.61, and a Graham Number of $24.04, a negative margin of safety of 86.15%. The FairStock Score is 36/100. The brand may have some pull, but switching costs are low. I would want proof the profit decline has reversed before paying this multiple. Quality is unproven and the price looks full.

In plain English: Steven Madden makes and sells fashion shoes, accessories, and apparel. The company's sales have grown, but profits have been uneven and fell sharply in fiscal 2025, while the latest quarter had only a thin profit margin. At $44.75, the stock does not look cheap compared with the company's earnings and accounting value; it looks fair to expensive unless profits recover.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer