Steven Madden Ltd (SHOO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 219,414 | 219,309 | 214,281 | 232,298 | 281,785 | 321,012 | 329,574 | 311,479 | 240,445 | 180,149 | 89,240 | 21,135 | -30,101 | -29,356 | 41,708 | 110,851 | 180,815 | 186,263 | 188,234 | 184,460 |
| 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 |
| Pretax margin | 11.07% | 11.35% | 11.07% | 11.47% | 13.28% | 14.40% | 14.97% | 15.08% | 12.88% | 10.98% | 6.12% | 1.76% | -2.50% | -2.31% | 2.93% | 6.41% | 10.12% | 10.44% | 10.76% | 10.85% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $219,414K ÷ $1,981,582K
= 11.07%
Steven Madden Ltd.'s pretax margin has shown a declining trend over the past eight quarters, with values ranging from 11.10% to 15.11%. The company's pretax margin decreased from 13.30% in Q4 2022 to 11.13% in Q4 2023, reflecting a decrease in the profitability of the company before accounting for taxes. This suggests a potential decrease in the company's operating efficiency, as lower pretax margins indicate that the company is generating less operating income relative to its revenue. Further analysis of the company's cost structure and revenue streams may be necessary to understand the factors contributing to this declining trend in pretax margin.
Peer comparison
Dec 31, 2023