Steven Madden Ltd (SHOO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 223,965 | 220,614 | 282,320 | 242,068 | -30,101 |
| Revenue | US$ in thousands | 2,282,930 | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 |
| Pretax margin | 9.81% | 11.13% | 13.30% | 12.97% | -2.50% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $223,965K ÷ $2,282,930K
= 9.81%
Steven Madden Ltd's pretax margin has shown varying trends over the past five years. In December 2020, the company reported a negative pretax margin of -2.50%, indicating that its operating expenses and/or financing costs exceeded its revenues.
However, there was a significant improvement in the pretax margin in December 2021, surging to 12.97%, reflecting a remarkable turnaround in the company's profitability. This positive momentum continued into December 2022, with the pretax margin further increasing to 13.30%, indicating efficient cost management and strong revenue generation.
In December 2023, there was a slight dip in the pretax margin to 11.13%, which could be attributed to various factors such as increased operating expenses or a slowdown in revenue growth. Despite the decrease, the pretax margin remained at a healthy level.
By December 2024, Steven Madden Ltd's pretax margin decreased further to 9.81%, signaling a potential challenge in maintaining profitability. This decline may warrant a closer examination of the company's cost structure and revenue streams to identify areas for improvement.
Overall, the fluctuation in the pretax margin over the five-year period suggests that Steven Madden Ltd has experienced both positive and negative trends in profitability, highlighting the importance of monitoring and managing key financial metrics to ensure sustainable performance.
Peer comparison
Dec 31, 2024