Steven MaddenSHOO 92 Operating Margin % is 15.18% as of Mar. 2026, which is 42% above its 10-year median of 10.67. GuruFocus rates SHOO with a GF Score™ of 92/100 and a GF Value™ of $49.25 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,043 Manufacturing - Apparel & Accessories companies, Steven Madden ranks better than 54.75% on this metric.
Steven Madden (NAS:SHOO) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Steven Madden Operating Margin % Related Terms
Steven Madden Operating Margin % Historical Data
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The historical data trend for Steven Madden's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SHOO vs WWW, CROX, DBI: Operating Margin % Comparison
For the Footwear & Accessories subindustry, Steven Madden's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steven Madden Operating Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Steven Madden's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Steven Madden's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Steven Madden's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steven Madden (SHOO) has a Operating Margin % of 15.18% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Steven Madden and its competitors. This is 42% above median its historical median of 10.67. Over the past decade, Steven Madden's Operating Margin % has ranged from 3.22 to 13.55. According to the industry distribution chart, Steven Madden ranks #472 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 45.3%.
Is Steven Madden's Operating Margin % too high?
Steven Madden's current Operating Margin % of 15.18% is 42% above median its 10-year median of 10.67. Over the past 10 years, this metric has ranged from a low of 3.22 to a high of 13.55. The Manufacturing - Apparel & Accessories industry median Operating Margin % is 4.08. Steven Madden's value of 15.18% is 272.1% above this industry median. Based on the distribution chart, Steven Madden ranks #472 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Steven Madden has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steven Madden's Operating Margin % compare to WWW and CROX?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Steven Madden ranks #472 out of 1043 companies for Operating Margin %. This puts Steven Madden in the upper half of its industry. The industry median Operating Margin % is 4.08. Steven Madden's value of 15.18% is 272.1% above this benchmark. Historically, Steven Madden's own Operating Margin % has ranged from 3.22 to 13.55 over the past decade. While the company's 10-year median is 10.67 vs. the industry median of 4.08, Steven Madden has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.08, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steven Madden's current Operating Margin % of 15.18% is 272.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Steven Madden and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steven Madden's current Operating Margin % is 15.18%, which is 42% above median its own 10-year median of 10.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steven Madden stock overvalued right now?
Based on GuruFocus' analysis, Steven Madden (SHOO) is currently considered Modestly Undervalued. The stock's GF Value™ is $49.25, compared to a current price of $42.29 — trading 14.1% below its estimated fair value. The current Operating Margin % is 15.18%, which is 42% above median its 10-year median of 10.67 and 272.1% above the Manufacturing - Apparel & Accessories industry median of 4.08. Steven Madden's overall GF Score™ is 92/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Steven Madden (SHOO), the current Operating Margin % is 15.18% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steven Madden (SHOO) Overvalued in 2026?
Based on GuruFocus' analysis, Steven Madden stock appears to be undervalued.
The current stock price of $42.29 is trading 14.1% below its estimated GF Value™ of $49.25.
GuruFocus considers Steven Madden to be Modestly Undervalued.
Key valuation signals for SHOO:
Operating Margin %: 15.18% (42% above median its 10-year median of 10.67)
GF Value™: $49.25 vs. price of $42.29 (14.1% below fair value)
Industry Position: 272.1% above the Manufacturing - Apparel & Accessories median (#472 of 1043)
No single metric tells the full story. See the SHOO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steven Madden Ltd and its subsidiaries design, source, and market branded and private label footwear, accessories, and apparel. Its offerings include contemporary styles and core products, known for design creativity, trend-right offerings, high quality, and accessible price points. It operates through four segments: Wholesale Footwear, which generates maximum revenue and sells footwear globally; Wholesale Accessories/Apparel, which sells handbags and apparel through wholesale channels; Direct-to-Consumer, which sells footwear, handbags, apparel, and accessories through stores, outlets, e-commerce, and concessions; and Licensing, which licenses Steve Madden, Betsey Johnson, and Kurt Geiger trademarks, with the Company generating the majority of its revenue from the USA.
92GF Score
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