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Steven Madden SHOO Direct-to-Consumer — Acquisitions

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Other financials

Income statement

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Revenue$653.1M+18.0%
Gross profit$357.4M+58.0%
Operating income$98.7M+84.6%
Net income$71.8M+77.7%
EPS (diluted)$1.00+75.4%

Balance sheet

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Cash & equivalents$112.4M-40.8%
Total debt$540.3M+225%
Total equity$913.2M+4.3%
Total assets$2.0B+37.0%

Cash flow

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Operating cash flow-$55.3M-194%
CapEx$5.9M-40.1%
Free cash flow-$61.2M-114%

Valuation

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Market cap$3.53B+88.0%
P/E43.5×+24.4×
P/S1.3×+0.5×

Profitability

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Gross margin44.8%+3.7pp
Operating margin4.8%-4.9pp
Net margin3.1%-4.5pp
FCF margin3.3%-4.1pp

Returns & leverage

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Return on equity9.1%-11.4pp
Debt / equity0.6×+0.4×
Current ratio2.2×0.0×

Where this comes from

Reported directly by Steven Madden in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Steven Madden’s 10-Q, filed November 10, 2025.

Filed
Nov 10, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001628280-25-050843
Line itemWholesale FootwearWholesale Accessories/ ApparelDirect-to-ConsumerNet Carrying Amount
Balance at January 1, 2025$90,001$75,583$18,153$183,737
Acquisitions(1)(2)(3)17,3008,63862,60388,541
Translation822(7)7431,558
Balance at September 30, 2025$108,123$84,214$81,499$273,836

Item 1. Condensed Consolidated Financial Statements (Unaudited):

FAQ

What is Steven Madden's direct-to-consumer — acquisitions?
Steven Madden (SHOO) reported direct-to-consumer — acquisitions of $62.6M in Q3 2025.
How has Steven Madden's direct-to-consumer — acquisitions changed year-over-year?
Steven Madden's direct-to-consumer — acquisitions increased by 2527.1% year-over-year, from $2.38M to $62.6M.
What does direct-to-consumer — acquisitions mean?
Reflects the capital deployed for the purchase of businesses or assets specifically integrated into the Direct-to-Consumer segment. This metric tracks the company's inorganic growth strategy and its commitment to expanding its retail footprint or digital capabilities through external investment.

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