Steven Madden Ltd (SHOO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 220,614 | 282,320 | 242,068 | -30,101 | 180,815 |
| Revenue | US$ in thousands | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 | 1,787,160 |
| Pretax margin | 11.13% | 13.30% | 12.97% | -2.50% | 10.12% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $220,614K ÷ $1,981,580K
= 11.13%
The pretax margin of Steven Madden Ltd. has fluctuated over the past five years, ranging from -2.49% in 2020 to 13.30% in 2022. In 2023, the pretax margin decreased to 11.13%, showing a slight decline compared to the previous year. Despite the variability in the pretax margin, the company has generally maintained positive margins over this period, with the 2020 anomaly being the only instance of a negative margin. Overall, the trend suggests that Steven Madden Ltd. has been able to effectively manage its operating expenses relative to its revenue, resulting in a positive pretax margin in most years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Steven Madden Ltd
SHOO
11.13%
Caleres Inc
CAL
6.42%
Skechers USA Inc
SKX
8.71%
Wolverine World Wide Inc
WWW
-6.00%