Steven Madden Ltd (SHOO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 832,414 | 873,836 | 767,497 | 464,541 | 686,017 |
| Revenue | US$ in thousands | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 | 1,787,160 |
| Gross profit margin | 42.01% | 41.18% | 41.13% | 38.65% | 38.39% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $832,414K ÷ $1,981,580K
= 42.01%
Steven Madden Ltd. has shown a steady improvement in its gross profit margin over the past five years. The gross profit margin has increased from 38.39% in 2019 to 42.01% in 2023, demonstrating consistent growth in profitability. This indicates that the company has been effectively managing its production costs and pricing strategy, resulting in a higher percentage of sales revenue retained as gross profit. The rise in gross profit margin signifies improved efficiency in the company's core operations and is a positive indicator of its overall financial health. Overall, the trend in Steven Madden Ltd.'s gross profit margin reflects a favorable performance and suggests a strong competitive position in the market.
Peer comparison
Dec 31, 2023