Steven Madden Ltd (SHOO) - Net Assets
Based on the latest financial reports, Steven Madden Ltd (SHOO) has net assets worth $947.25 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.95 Billion) and total liabilities ($1.01 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Steven Madden Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $947.25 Million |
| % of Total Assets | 48.45% |
| Annual Growth Rate | 23.3% |
| 5-Year Change | 10.17% |
| 10-Year Change | 21.98% |
| Growth Volatility | 83.54 |
Steven Madden Ltd - Net Assets Trend (1992–2025)
This chart illustrates how Steven Madden Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Steven Madden Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Steven Madden Ltd (1992–2025)
The table below shows the annual net assets of Steven Madden Ltd from 1992 to 2025. For live valuation and market cap data, see market cap of Steven Madden Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $903.98 Million | +3.19% |
| 2024-12-31 | $876.00 Million | +3.30% |
| 2023-12-31 | $848.03 Million | +0.49% |
| 2022-12-31 | $843.86 Million | +2.84% |
| 2021-12-31 | $820.54 Million | +3.82% |
| 2020-12-31 | $790.37 Million | -6.05% |
| 2019-12-31 | $841.22 Million | +3.26% |
| 2018-12-31 | $814.68 Million | +0.71% |
| 2017-12-31 | $808.93 Million | +9.16% |
| 2016-12-31 | $741.07 Million | +9.20% |
| 2015-12-31 | $678.66 Million | +1.36% |
| 2014-12-31 | $669.53 Million | -1.37% |
| 2013-12-31 | $678.84 Million | +8.37% |
| 2012-12-31 | $626.40 Million | +31.94% |
| 2011-12-31 | $474.76 Million | +32.87% |
| 2010-12-31 | $357.30 Million | +33.43% |
| 2009-12-31 | $267.79 Million | +29.84% |
| 2008-12-31 | $206.24 Million | -4.22% |
| 2007-12-31 | $215.33 Million | +1.61% |
| 2006-12-31 | $211.92 Million | +16.40% |
| 2005-12-31 | $182.06 Million | +10.57% |
| 2004-12-31 | $164.66 Million | +3.44% |
| 2003-12-31 | $159.19 Million | +22.38% |
| 2002-12-31 | $130.07 Million | +27.08% |
| 2001-12-31 | $102.36 Million | +33.69% |
| 2000-12-31 | $76.57 Million | +22.70% |
| 1999-12-31 | $62.40 Million | +38.67% |
| 1998-12-31 | $45.00 Million | +74.42% |
| 1997-12-31 | $25.80 Million | +28.36% |
| 1996-12-31 | $20.10 Million | +57.03% |
| 1995-12-31 | $12.80 Million | +146.15% |
| 1994-12-31 | $5.20 Million | +477.78% |
| 1993-12-31 | $900.00K | 0.00% |
| 1992-12-31 | $900.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Steven Madden Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 177165000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.77 Billion | 204.48% |
| Common Stock | $7.00K | 0.00% |
| Other Comprehensive Income | $-29.46 Million | -3.40% |
| Total Equity | $866.39 Million | 100.00% |
Steven Madden Ltd Competitors by Market Cap
The table below lists competitors of Steven Madden Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enea S.A.
WAR:ENA
|
$2.84 Billion |
|
China Suntien Green Energy Corp Ltd
SHG:600956
|
$2.84 Billion |
|
Jiangsu Nhwa Pharmaceutical Co Ltd
SHE:002262
|
$2.84 Billion |
|
Megacable Holdings S. A. B. de C. V
MX:MEGACPO
|
$2.84 Billion |
|
Dynex Capital Inc
NYSE:DX
|
$2.84 Billion |
|
Keli Sensing Technology Ningbo Co Ltd
SHG:603662
|
$2.84 Billion |
|
Rush Street Interactive Inc
NYSE:RSI
|
$2.84 Billion |
|
Walvax BioTech
SHE:300142
|
$2.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steven Madden Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 847,719,000 to 866,388,000, a change of 18,669,000 (2.2%).
- Net income of 44,661,000 contributed positively to equity growth.
- Dividend payments of 60,962,000 reduced retained earnings.
- Share repurchases of 13,523,000 reduced equity.
- Other comprehensive income increased equity by 18,826,000.
- Other factors increased equity by 29,667,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $44.66 Million | +5.15% |
| Dividends Paid | $60.96 Million | -7.04% |
| Share Repurchases | $13.52 Million | -1.56% |
| Other Comprehensive Income | $18.83 Million | +2.17% |
| Other Changes | $29.67 Million | +3.42% |
| Total Change | $- | 2.20% |
Book Value vs Market Value Analysis
This analysis compares Steven Madden Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.67x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 470.26x to 3.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $0.09 | $44.61 | x |
| 1993-12-31 | $0.02 | $44.61 | x |
| 1994-12-31 | $0.13 | $44.61 | x |
| 1995-12-31 | $0.23 | $44.61 | x |
| 1996-12-31 | $0.26 | $44.61 | x |
| 1997-12-31 | $0.38 | $44.61 | x |
| 1998-12-31 | $0.54 | $44.61 | x |
| 1999-12-31 | $0.66 | $44.61 | x |
| 2000-12-31 | $0.79 | $44.61 | x |
| 2001-12-31 | $1.04 | $44.61 | x |
| 2002-12-31 | $1.25 | $44.61 | x |
| 2003-12-31 | $1.48 | $44.61 | x |
| 2004-12-31 | $1.52 | $44.61 | x |
| 2005-12-31 | $1.72 | $44.61 | x |
| 2006-12-31 | $1.89 | $44.61 | x |
| 2007-12-31 | $2.00 | $44.61 | x |
| 2008-12-31 | $2.20 | $44.61 | x |
| 2009-12-31 | $2.89 | $44.61 | x |
| 2010-12-31 | $3.74 | $44.61 | x |
| 2011-12-31 | $4.88 | $44.61 | x |
| 2012-12-31 | $6.30 | $44.61 | x |
| 2013-12-31 | $6.77 | $44.61 | x |
| 2014-12-31 | $7.01 | $44.61 | x |
| 2015-12-31 | $7.40 | $44.61 | x |
| 2016-12-31 | $8.29 | $44.61 | x |
| 2017-12-31 | $9.25 | $44.61 | x |
| 2018-12-31 | $9.36 | $44.61 | x |
| 2019-12-31 | $9.90 | $44.61 | x |
| 2020-12-31 | $9.88 | $44.61 | x |
| 2021-12-31 | $9.95 | $44.61 | x |
| 2022-12-31 | $10.65 | $44.61 | x |
| 2023-12-31 | $11.13 | $44.61 | x |
| 2024-12-31 | $11.78 | $44.61 | x |
| 2025-12-31 | $12.17 | $44.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steven Madden Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.77%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 2.21x
- Recent ROE (5.15%) is below the historical average (10.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | -11.11% | -2.63% | 2.00x | 2.11x | $-190.00K |
| 1993 | -100.00% | -34.62% | 1.37x | 2.11x | $-990.00K |
| 1994 | -13.46% | -8.33% | 1.47x | 1.10x | $-1.22 Million |
| 1995 | 29.69% | 9.82% | 2.67x | 1.13x | $2.52 Million |
| 1996 | 5.47% | 2.40% | 2.04x | 1.11x | $-910.00K |
| 1997 | 10.47% | 4.55% | 2.02x | 1.14x | $120.00K |
| 1998 | 12.00% | 6.29% | 1.75x | 1.09x | $900.00K |
| 1999 | 18.43% | 7.06% | 2.09x | 1.25x | $5.26 Million |
| 2000 | 20.95% | 7.82% | 2.24x | 1.20x | $8.39 Million |
| 2001 | 11.84% | 4.98% | 2.00x | 1.19x | $1.88 Million |
| 2002 | 15.25% | 6.08% | 2.17x | 1.16x | $6.83 Million |
| 2003 | 12.85% | 6.31% | 1.82x | 1.12x | $4.54 Million |
| 2004 | 7.45% | 3.63% | 1.81x | 1.13x | $-4.19 Million |
| 2005 | 10.55% | 5.11% | 1.77x | 1.16x | $993.50K |
| 2006 | 21.82% | 9.73% | 1.89x | 1.19x | $25.06 Million |
| 2007 | 16.57% | 8.28% | 1.62x | 1.24x | $14.16 Million |
| 2008 | 13.56% | 6.12% | 1.61x | 1.38x | $7.35 Million |
| 2009 | 18.71% | 9.95% | 1.54x | 1.22x | $23.33 Million |
| 2010 | 21.19% | 11.92% | 1.42x | 1.25x | $40.00 Million |
| 2011 | 20.49% | 10.05% | 1.51x | 1.35x | $49.83 Million |
| 2012 | 19.09% | 9.75% | 1.53x | 1.28x | $56.97 Million |
| 2013 | 19.46% | 10.04% | 1.49x | 1.30x | $64.16 Million |
| 2014 | 16.72% | 8.38% | 1.46x | 1.36x | $44.95 Million |
| 2015 | 16.65% | 8.04% | 1.54x | 1.35x | $45.10 Million |
| 2016 | 16.32% | 8.64% | 1.44x | 1.31x | $46.82 Million |
| 2017 | 14.69% | 7.63% | 1.46x | 1.32x | $37.67 Million |
| 2018 | 16.03% | 7.81% | 1.54x | 1.33x | $48.55 Million |
| 2019 | 17.06% | 7.91% | 1.40x | 1.54x | $58.46 Million |
| 2020 | -2.37% | -1.53% | 1.06x | 1.47x | $-96.06 Million |
| 2021 | 23.48% | 10.22% | 1.38x | 1.67x | $109.47 Million |
| 2022 | 25.98% | 10.18% | 1.69x | 1.51x | $132.91 Million |
| 2023 | 20.68% | 8.66% | 1.47x | 1.62x | $88.59 Million |
| 2024 | 19.98% | 7.42% | 1.62x | 1.67x | $84.62 Million |
| 2025 | 5.15% | 1.77% | 1.32x | 2.21x | $-41.98 Million |
Industry Comparison
This section compares Steven Madden Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,741,647,877
- Average return on equity (ROE) among peers: 3.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steven Madden Ltd (SHOO) | $947.25 Million | -11.11% | 1.06x | $2.84 Billion |
| American Rebel Holdings Inc (AREB) | $-4.17 Million | 0.00% | 0.00x | $1.25 Million |
| Birkenstock Holding plc (BIRK) | $408.16 Million | -26.02% | 0.97x | $8.31 Billion |
| Crocs Inc (CROX) | $624.74 Million | 1.67% | 0.40x | $4.82 Billion |
| Designer Brands Inc (DBI) | $904.92 Million | 15.03% | 0.51x | $279.18 Million |
| Deckers Outdoor Corporation (DECK) | $66.53 Million | 2.44% | 0.29x | $13.72 Billion |
| Kandal M Venture Limited Class A Ordinary Shares (FMFC) | $-950.79K | 0.00% | 0.00x | $5.21 Million |
| Forward Industries Inc (FORD) | $3.70 Million | 23.10% | 0.45x | $788.51 Million |
| Fossil Group Inc (FOSL) | $440.03 Million | -21.84% | 2.36x | $247.04 Million |
| Nike Inc (NKE) | $14.00 Billion | 36.20% | 1.68x | $54.03 Billion |
| On Holding Ltd (ONON) | $969.50 Million | 5.95% | 0.43x | $11.45 Billion |
About Steven Madden Ltd
Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The company designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneaker… Read more