Steven Madden Ltd (SHOO)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	172,774	168,714	164,903	178,810	216,682	251,502	256,848	244,186	190,836	145,660	72,066	19,762	-18,397	-23,237	36,177	89,335	141,311	136,050	139,150	134,988
Revenue (ttm)	US$ in thousands	1,981,582	1,932,511	1,936,422	2,026,109	2,122,009	2,229,847	2,201,946	2,064,851	1,866,142	1,640,628	1,458,753	1,203,671	1,201,814	1,268,472	1,423,719	1,730,536	1,787,156	1,784,376	1,749,499	1,699,544
Net profit margin		8.72%	8.73%	8.52%	8.83%	10.21%	11.28%	11.66%	11.83%	10.23%	8.88%	4.94%	1.64%	-1.53%	-1.83%	2.54%	5.16%	7.91%	7.62%	7.95%	7.94%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $172,774K ÷ $1,981,582K
= 8.72%

The net profit margin of Steven Madden Ltd. has shown a consistent downward trend over the past eight quarters. From Q1 2022 to Q4 2023, the net profit margin decreased from 11.82% to 8.66%, indicating a declining profitability trend.

This decline in net profit margin could be a cause for concern as it suggests that the company's profitability has been decreasing over time. It is important for the management of Steven Madden Ltd. to closely monitor and analyze the factors contributing to this trend in order to make appropriate strategic decisions to improve profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

Steven Madden Ltd

SHOO

8.72%

Wolverine World Wide Inc

WWW

-1.82%