STEVEN MADDEN, LTD. (SHOO) FY2025 10-K Annual Report
STEVEN MADDEN, LTD. (SHOO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
STEVEN MADDEN, LTD. FY2025 10-K Analysis
Business Overview
- • Core business: Design, source, and market fashion-forward footwear, accessories, and apparel through wholesale and direct-to-consumer channels globally
- • New acquisitions in 2025: Kurt Geiger and Carvela brands via acquisition of Mercury Acquisitions Topco Limited (MATL)
Management Discussion & Analysis
- • Revenue $2.53B in 2025, up 11.0% YoY from $2.28B, driven by Kurt Geiger acquisition, organic decline due to tariffs
- • Operating margin 3.2% vs 9.9%; net income $44.7M vs $169.4M, impacted by acquisition costs, tariffs, and higher tax rate 36.9% vs 23.7%
Risk Factors
- • Regulatory risk: U.S. Supreme Court invalidation of IEEPA tariffs on Feb 20, 2026, with a new 10% global tariff under Section 122 of Trade Act 1974 replacing them
- • Macroeconomic exposure: International revenue nearly doubled to $856M in 2025 from $424M in 2024, increasing foreign market volatility risk
STEVEN MADDEN, LTD. FY2025 Key Financial MetricsXBRL
Revenue
$2.5B
▲ +11.0% YoY
Net Income
$49M
▼ -72.1% YoY
Gross Margin
41.6%
▲ +39bp YoY
Operating Margin
3.2%
▼ -670bp YoY
Net Margin
1.9%
▼ -580bp YoY
ROE
5.7%
▼ -1509bp YoY
Total Assets
$1.9B
▲ +35.6% YoY
EPS (Diluted)
$0.63
▼ -73.2% YoY
Operating Cash Flow
$162M
▼ -18.1% YoY
Source: XBRL data from STEVEN MADDEN, LTD. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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