Steven Madden Ltd (SHOO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 936,932 | 832,414 | 873,836 | 767,497 | 464,541 |
| Revenue | US$ in thousands | 2,282,930 | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 |
| Gross profit margin | 41.04% | 42.01% | 41.18% | 41.13% | 38.65% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $936,932K ÷ $2,282,930K
= 41.04%
The gross profit margin of Steven Madden Ltd has shown a gradual improvement over the five-year period from December 31, 2020, to December 31, 2024. Starting at 38.65% in 2020, the margin increased to 41.13% in 2021, and continued to grow to 41.18% in 2022. In 2023, the margin saw a more significant jump to 42.01%, indicating efficient cost management and pricing strategies. However, in 2024, there was a slight decrease to 41.04%, which may warrant further investigation into potential factors affecting profitability. Overall, the upward trend in gross profit margin reflects the company's ability to effectively control production costs and generate higher revenue relative to the cost of goods sold.
Peer comparison
Dec 31, 2024