Steven Madden Ltd (SHOO)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 223,965 | 223,930 | 232,612 | 229,784 | 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 |
| Revenue (ttm) | US$ in thousands | 2,282,927 | 2,220,323 | 2,148,380 | 2,070,129 | 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 |
| Pretax margin | 9.81% | 10.09% | 10.83% | 11.10% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $223,965K ÷ $2,282,927K
= 9.81%
The pretax margin of Steven Madden Ltd has shown fluctuations over the periods analyzed. It started at 6.41% in March 2020, decreased to 2.93% in June 2020, and turned negative in September 2020 and December 2020 at -2.31% and -2.50%, respectively. The performance improved in March 2021 at 1.76% and continued to increase over the following quarters, reaching a peak at 15.08% in March 2022. Subsequently, the pretax margin fluctuated around 11-14% until December 2024, where it stood at 9.81%.
Overall, the trend indicates that Steven Madden Ltd managed to improve its pretax margin significantly after facing challenges in 2020. However, there seems to be some variability in the company's ability to sustain higher margins as evidenced by the fluctuations observed in the later periods. Further analysis of the factors contributing to these changes would be beneficial in understanding the company's financial performance.
Peer comparison
Dec 31, 2024