Steven Madden, Ltd. Financial Ratios — SHOO Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	26.18	24.91	21.78	15.37	13.44	12.63	10.95	10.98	11.18	-1.42	14.12	14.44	10.56	9.77	2.51
Return on Assets (%)	17.9	16.57	15.68	12.49	12.37	12.9	11.69	12.13	12.02	-1.52	15.3	16.53	13.17	12.28	2.69
Return on Capital (%)	26.22	24.94	21.58	15.28	13.39	12.59	10.81	10.79	10.36	- -	12.82	13.3	9.59	8.56	2.26
Return on Invested Capital (%)	22.79	22.31	19.93	16.38	17.12	16.95	15.25	15.83	15.83	- -	21.36	23.56	17.84	18	4.25
Gross Margin (%)	37.37	37.14	36.7	35.13	35.62	37.3	38.21	38.16	38.39	38.65	41.13	41.18	42.01	41.04	41.41
EBITDA Margin (%)	17.02	16.3	16.42	13.69	13.91	13.6	12.26	11.67	11.42	5.57	14.09	14.52	11.87	11.3	4.54
Operating Margin (%)	15.88	15.27	15.43	12.56	12.43	12.09	10.9	10.33	10.23	4.12	13.27	13.55	11.09	10.43	3.22
Incremental Operating Margin (%)	9.65	13.01	17.64	-169.54	10.03	96.99	0.96	2.35	8.56	22.75	29.82	15.56	48.22	6.06	-62.31
Pretax Margin (%)	16.39	15.01	15.9	12.84	12.27	12.22	11	10.57	10.14	-2.49	12.97	13.3	11.13	10.1	3.07
Profit Margin (%)	10.05	9.75	10.04	8.38	8.04	8.64	7.53	7.7	7.91	-1.53	10.22	10.18	8.66	7.42	1.76
Net Income to Common Margin (%)	10.05	9.75	10.04	8.38	8.04	8.64	7.53	7.7	7.91	-1.53	10.22	10.18	8.66	7.42	1.76
Effective Tax Rate (%)	38.79	35.09	36.21	34.29	34.1	29.08	30.87	26.41	21.8	- -	20.49	23.06	21.14	23.68	36.9
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	35.88	34.07	-68.59	25.31	30.23	35.82	33.46	114.21
Sustainable Growth Rate (%)	26.18	24.91	21.78	15.37	13.44	12.63	10.95	7.04	7.37	-2.4	10.55	10.08	6.77	6.5	-0.36

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	172	133	111	109	139	153	486
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	39	34	31	29	40	43	59
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	133	99	80	79	99	110	427
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	0.84	1.99	0.42	0.35	0.59	0.59	4.23
Net Debt/EBITDA	-0.62	-0.84	-0.84	-0.45	-0.37	-0.66	-0.94	-1.02	-1.29	-3.7	-0.84	-0.89	-0.87	-0.74	1.06
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	0.94	2.68	0.45	0.38	0.63	0.64	5.97
Net Debt/EBIT	-0.67	-0.9	-0.89	-0.49	-0.41	-0.75	-1.06	-1.15	-1.45	-5	-0.89	-0.96	-0.93	-0.8	1.49
EBITDA to Interest Expense	3,231.96	4,082.65	1,685.66	865.97	416.74	- -	- -	- -	- -	- -	171.91	- -	- -	- -	9.31
EBITDA-CapEx/Interest Expense	2,928.49	4,082.65	1,685.66	865.97	416.74	- -	- -	- -	- -	- -	171.91	- -	- -	- -	9.31
EBIT to Interest Expense	3,015.1	3,824.65	1,584.26	794.51	372.48	- -	- -	- -	- -	- -	161.97	- -	- -	- -	6.6
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	12
Common Equity/Total Assets	65.71	67.17	76.35	86.03	98.08	105.92	107.43	113.51	102.48	112.46	104.83	124.89	124.6	126.64	92.54
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	15.83	12.47	9.76	9.38	11.62	12.54	47.27
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	8.91	6.91	5.2	4.68	5.36	5.58	18.62
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.42	8.67	5.91	6.29	7.31	7.78	22.32
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.42	16.81	13.51	12.87	16.38	17.46	53.78
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.49	9.31	7.2	6.42	7.56	7.77	21.18
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	13.44	11.68	8.18	8.63	10.3	10.84	25.4
Net Debt to Equity	-21.66	-26.94	-26.56	-12.17	-10.67	-17.02	-22.4	-24.55	-31.39	-31.36	-26.75	-32.55	-24.13	-21.68	13.47
Net Debt/Capital (%)	-32.39	-45.48	-36.63	-11.59	-8.78	-14.14	-18.86	-19.49	-21.46	-21.04	-16.62	-19.38	-12.54	-10.67	5.58
EBITDA	165	200	216	183	195	190	192	196	204	67	263	308	235	258	115
EBITDA-CapEx	149	200	216	183	195	190	192	196	204	67	263	306	235	258	115
Operating Income (Loss)	154	187	203	168	175	169	171	173	183	50	248	287	220	238	81

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.8	1.38	1.3	0.63	0.6	0.9	1.19	1.19	1.08	1.22	0.61	0.9	0.58	0.49	0.21
Current Ratio	2.57	3.28	3.21	2.49	2.63	2.89	3.12	3.13	2.56	2.96	2.17	2.63	2.26	2.16	1.9
Quick Ratio	1.94	2.62	2.5	1.73	1.73	2	2.35	2.37	1.99	2.46	1.54	1.84	1.58	1.46	1.02
CFO/Avg Current Liab	0.73	1.06	1.08	0.92	0.77	0.86	0.81	0.72	0.92	0.17	0.48	0.71	0.66	0.5	0.35
Common Equity/Total Assets	65.71	67.17	76.35	86.03	98.08	105.92	107.43	113.51	102.48	112.46	104.83	124.89	124.6	126.64	92.54
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	15.83	12.47	9.76	9.38	11.62	12.54	47.27
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	8.91	6.91	5.2	4.68	5.36	5.58	18.62
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.42	8.67	5.91	6.29	7.31	7.78	22.32
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.42	16.81	13.51	12.87	16.38	17.46	53.78
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.49	9.31	7.2	6.42	7.56	7.77	21.18
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	13.44	11.68	8.18	8.63	10.3	10.84	25.4
CFO/Total Liabilities	45.43	80.69	77.19	63.02	57.68	69.88	63.62	59.86	53.44	12.73	29.81	64.69	45.86	36.97	16.05
CFO/CapEx	4.84	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	133.94	- -	- -	- -
Altman's Z-Score	10.28	11.29	12.13	10.21	10.24	11.15	11.83	11.55	9.72	9.14	9	9.48	9.1	8.91	6

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	17.59	14.7	22.39	36.09	37.34	28	32.56	52	56.54	38.03	72.35	65.82	50.69	53.15	36.86
Days Sales Outstanding	20.75	24.83	16.31	10.11	9.78	13.04	11.21	7.02	6.46	9.6	5.05	5.55	7.2	6.87	9.9
Inventory Turnover	12.23	12.51	12.11	10.41	9.29	7.91	8.42	8.38	8.03	6.19	6.16	5.16	5.02	5.53	4.4
Days Inventory Outstanding	29.85	29.18	30.14	35.06	39.29	46.15	43.37	43.55	45.44	58.99	59.24	70.76	72.69	65.98	82.93
Accounts Payable Turnover	11.73	10.12	9.22	9.23	10.6	11.17	13	14.51	15.56	10.35	11.89	9.14	7.88	7.47	8.14
Accounts Payable Turnover Days	31.11	36.05	39.57	39.55	34.42	32.69	28.08	25.16	23.46	35.26	30.7	39.93	46.31	48.86	44.86
Cash Conversion Cycle	19.49	17.96	6.87	5.63	14.64	26.49	26.5	25.4	28.43	33.33	33.59	36.38	33.58	23.99	47.97
Inventory to Cash Days	-9.09	-4.35	-13.83	-24.95	-29.51	-33.11	-32.16	-36.53	-38.98	-49.39	-54.2	-65.22	-65.49	-59.11	-73.03
Inventories	60	64	74	93	102	120	110	137	137	101	255	229	229	258	417
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	60	64	74	93	102	120	110	137	137	101	255	229	229	258	417

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,458	1,819	2,363	1,956	1,783	2,041	2,576	2,471	3,423	2,777	3,645	2,430	3,080	3,031	2,951
- Cash & Cash Equivalents	103	169	180	81	72	126	181	200	264	248	219	275	205	190	112
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	6	9	13	14	8	12	18	28	38
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	172	133	111	109	139	153	486
Enterprise Value	1,349	1,633	2,162	1,844	1,679	1,876	2,336	2,213	3,303	2,637	3,501	2,261	3,018	3,008	3,362
Total Capital	420	540	672	784	897	1,018	1,142	1,226	1,495	1,426	1,540	1,692	1,837	1,969	2,295
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.49	9.31	7.2	6.42	7.56	7.77	21.18
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.05	0.05	0.03	0.05	0.05	0.05	0.14
EV/Sales	1.39	1.33	1.65	1.38	1.19	1.34	1.49	1.32	1.85	2.19	1.88	1.07	1.52	1.32	1.33
EV/EBITDA	8.19	8.17	10.02	10.09	8.59	9.86	12.16	11.3	16.18	39.4	13.32	7.34	12.83	11.66	29.26
EV/EBIT	8.77	8.72	10.66	11	9.61	11.09	13.68	12.76	18.07	53.2	14.14	7.86	13.73	12.64	41.26
EV/Cash Flow to Firm	17.99	11.39	13.9	12.09	12.32	12.21	14.79	14.34	14.13	59.65	21.79	8.44	13.16	15.19	19.78
EV/Free Cash Flow to Firm	14.91	11.39	13.9	12.09	12.32	12.21	14.79	14.34	14.13	59.65	21.79	8.38	13.16	15.19	19.78
Diluted Market Cap	1,491	1,867	2,445	2,027	1,848	2,129	2,700	2,605	3,598	2,777	3,793	2,495	3,132	3,060	2,964
Diluted Enterprise Value	1,388	1,698	2,265	1,946	1,776	2,003	2,525	2,414	3,518	2,676	3,693	2,341	3,084	3,051	3,375
EV per Share	14.19	16.88	22.32	20	18.97	21.9	28.24	27.1	41.5	33.53	44.63	29.74	41.15	42.21	47.44
TTM Sales	969	1,227	1,314	1,335	1,405	1,400	1,567	1,678	1,787	1,202	1,866	2,122	1,982	2,283	2,534
TTM EBITDA	165	200	216	183	195	190	192	196	204	67	263	308	235	258	115
TTM Operating Income	154	187	203	168	175	169	171	173	183	50	248	287	220	238	81
TTM Cash Flow to Firm	75	143	156	152	136	154	158	154	234	44	161	268	229	198	170
TTM Free Cash Flow to Firm	90	143	156	152	136	154	158	154	234	44	161	270	229	198	170

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	16.49	13.03	15.73	13.31	13.59	13.86	17.1	16.88	15.39	62.83	23.79	9.25	13.66	15.45	18.27
EV/EBIT	8.77	8.72	10.66	11	9.61	11.09	13.68	12.76	18.07	53.2	14.14	7.86	13.73	12.64	41.26
Enterprise Value	1,349	1,633	2,162	1,844	1,679	1,876	2,336	2,213	3,303	2,637	3,501	2,261	3,018	3,008	3,362
Low Price	11.04	13.89	18.22	18.68	19.55	18.53	22.33	27.77	28.95	16.38	32.31	26.36	29.92	37.99	19.05
EV/Sales	1.39	1.33	1.65	1.38	1.19	1.34	1.49	1.32	1.85	2.19	1.88	1.07	1.52	1.32	1.33
EV/EBITDA	8.19	8.17	10.02	10.09	8.59	9.86	12.16	11.3	16.18	39.4	13.32	7.34	12.83	11.66	29.26
Price/Earnings	14.98	15.2	17.9	17.48	15.79	16.88	21.84	19.14	24.22	- -	19.12	11.25	17.95	17.89	66.08
Price/Earnings Average	14.53	14.77	16.3	18.39	19.38	16.46	18.46	20.83	19.59	-115.19	17	12.47	14.71	18.25	49.69
Price/Earnings High	17.99	16.74	19.32	20.72	23.37	19.15	22.24	24.85	25.23	-185.81	21.21	17.54	18.91	21.04	71.4
Price/Earnings Low	10.79	11.24	13.37	15.39	15.32	13.13	15.66	17.56	16.3	-70.01	13.29	9.27	12.79	15.99	30.23
Price/Book Value	3.47	3.37	3.52	2.5	1.99	2.01	2.27	2.03	2.61	2.17	2.57	1.55	1.83	1.7	1.67
Price/Book Value Average	3.36	3.27	3.2	2.62	2.44	1.96	1.92	2.21	2.11	1.66	2.28	1.72	1.5	1.73	1.25
Price/Book Value High	4.16	3.71	3.79	2.96	2.94	2.28	2.31	2.64	2.72	2.67	2.85	2.41	1.93	1.99	1.8
Price/Book Value Low	2.5	2.49	2.63	2.2	1.93	1.56	1.63	1.86	1.76	1.01	1.78	1.28	1.31	1.51	0.76
Price/Tangible Book Value	4.85	4.56	5.21	5.21	4.55	4.43	5.06	4.72	6.75	5.48	6.74	4.23	5.69	5.24	8.02
Price/Tangible Book Value Average	4.71	4.43	4.75	5.48	5.59	4.32	4.28	5.14	5.46	4.18	6	4.69	4.66	5.34	6.03
Price/Tangible Book Value High	5.83	5.02	5.63	6.18	6.74	5.02	5.15	6.13	7.03	6.74	7.48	6.6	5.99	6.16	8.66
Price/Tangible Book Value Low	3.5	3.37	3.9	4.59	4.42	3.44	3.63	4.33	4.54	2.54	4.69	3.49	4.05	4.68	3.67
Price/Sales	1.51	1.48	1.8	1.47	1.27	1.46	1.64	1.47	1.92	2.31	1.95	1.14	1.55	1.33	1.16
Price/Sales Average	1.46	1.44	1.64	1.54	1.56	1.42	1.39	1.6	1.55	1.76	1.74	1.27	1.27	1.35	0.88
Price/Sales High	1.81	1.63	1.94	1.74	1.88	1.65	1.67	1.91	1.99	2.84	2.17	1.79	1.64	1.56	1.26
Price/Sales Low	1.08	1.1	1.34	1.29	1.23	1.13	1.18	1.35	1.29	1.07	1.36	0.94	1.11	1.19	0.53
Price/Cash Flow	19.45	12.69	15.2	12.84	13.12	13.29	16.31	16.01	14.64	62.83	22.86	9.07	13.44	15.3	18.19
Price/Cash Flow Average	18.87	12.33	13.85	13.51	16.1	12.96	13.79	17.42	11.84	47.94	20.33	10.06	11.01	15.6	13.68
Price/Cash Flow High	23.35	13.97	16.4	15.22	19.41	15.07	16.61	20.79	15.25	77.33	25.36	14.15	14.15	17.99	19.66
Price/Cash Flow Low	14	9.38	11.35	11.3	12.72	10.33	11.7	14.69	9.85	29.14	15.89	7.48	9.57	13.67	8.32
Price/Free Cash Flow Average	16	12.66	14.33	14	16.69	13.51	14.46	18.37	12.45	47.94	21.15	10.25	11.19	15.75	13.74
Price/Free Cash Flow High	19.8	14.34	16.97	15.77	20.11	15.72	17.41	21.92	16.03	77.33	26.39	14.42	14.39	18.17	19.74
Price/Free Cash Flow Low	11.88	9.63	11.75	11.71	13.19	10.78	12.26	15.49	10.36	29.14	16.54	7.63	9.73	13.8	8.36
EV/Sales Average	1.35	1.3	1.5	1.48	1.51	1.33	1.28	1.49	1.5	1.68	1.68	1.2	1.25	1.35	1.04
EV/Sales High	1.7	1.49	1.8	1.68	1.83	1.56	1.56	1.8	1.95	2.76	2.11	1.71	1.61	1.56	1.42
EV/Sales Low	0.98	0.96	1.21	1.23	1.18	1.04	1.07	1.24	1.24	0.99	1.3	0.87	1.08	1.18	0.7
EV/EBITDA Average	7.96	7.99	9.14	10.82	10.83	9.8	10.42	12.75	13.17	30.15	11.95	8.25	10.52	11.95	22.89
EV/EBITDA High	10	9.17	10.98	12.24	13.13	11.51	12.74	15.41	17.08	49.56	15.01	11.8	13.59	13.78	31.32
EV/EBITDA Low	5.74	5.88	7.35	8.98	8.48	7.68	8.7	10.6	10.9	17.73	9.26	6.01	9.13	10.46	15.33
EV/EBIT Average	8.53	8.53	9.73	11.79	12.12	11.02	11.73	14.41	14.71	40.71	12.68	8.84	11.27	12.95	32.28
EV/EBIT High	10.72	9.78	11.69	13.34	14.69	12.94	14.33	17.41	19.07	66.93	15.93	12.65	14.55	14.94	44.18
EV/EBIT Low	6.16	6.27	7.82	9.79	9.49	8.64	9.79	11.98	12.17	23.95	9.83	6.44	9.77	11.34	21.62
Last Price	15.33	18.79	24.39	21.22	20.15	23.83	31.13	30.26	43.01	35.32	46.47	31.96	42	42.52	41.64
High Price	18.41	20.69	26.32	25.15	29.82	27.03	31.7	39.3	44.8	43.47	51.56	49.85	44.23	50.01	44.99
Enterprise Value Average	1,311	1,598	1,972	1,976	2,117	1,865	2,003	2,498	2,689	2,018	3,141	2,541	2,476	3,082	2,631
Enterprise Value High	1,648	1,834	2,370	2,237	2,567	2,190	2,448	3,018	3,485	3,317	3,944	3,636	3,196	3,556	3,600
Enterprise Value Low	947	1,175	1,585	1,641	1,658	1,461	1,672	2,077	2,224	1,187	2,434	1,850	2,147	2,699	1,761

Shares Outstanding	97	104	101	95	93	91	88	86	84	83	81	77	74	72	73
Diluted Weighted Avg Shares	97	99	100	96	92	89	87	86	84	79	82	78	75	72	71
Basic Weighted Avg Shares	95	97	97	92	88	86	83	82	80	79	78	76	73	71	71
Revenue per Share	10.19	12.68	13.57	14.48	15.88	16.34	18.94	20.54	22.46	15.28	23.79	27.91	27.02	32.03	35.76
EBITDA per Share	1.73	2.07	2.23	1.98	2.21	2.22	2.32	2.4	2.56	0.85	3.35	4.05	3.21	3.62	1.62
Operating Income per Share	1.62	1.94	2.09	1.82	1.97	1.97	2.06	2.12	2.3	0.63	3.16	3.78	3	3.34	1.15
Basic EPS, GAAP	1.02	1.24	1.36	1.21	1.28	1.41	1.43	1.58	1.78	-0.23	2.43	2.84	2.34	2.38	0.63
Basic EPS from Cont Ops	1.02	1.24	1.38	1.22	1.28	1.42	1.44	1.6	1.78	-0.23	2.45	2.86	2.37	2.47	0.69
Diluted EPS, GAAP	1	1.2	1.32	1.17	1.23	1.35	1.36	1.5	1.69	-0.23	2.34	2.77	2.3	2.35	0.63
Diluted EPS from Cont Ops	1	1.2	1.33	1.18	1.24	1.36	1.37	1.52	1.69	-0.23	2.36	2.78	2.33	2.44	0.69
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	0.58	0.61	0.16	0.63	0.87	0.86	0.86	0.86
Cash Flow per Share	0.79	1.48	1.6	1.65	1.54	1.79	1.91	1.89	2.94	0.56	2.03	3.52	3.13	2.78	2.29
Free Cash Flow per Basic Share	0.63	1.48	1.6	1.65	1.54	1.79	1.91	1.89	2.94	0.56	2.03	3.5	3.13	2.78	2.29
Cash & Equivalents per Share	1.14	1.91	2.07	1.22	1.18	1.93	2.96	3.27	3.83	3.65	3.36	3.81	3	2.85	1.59
Book Value per Share	4.42	5.58	6.94	8.5	10.13	11.88	13.73	14.91	16.47	16.27	18.12	20.67	22.9	25.08	25
Tangible Book Value per Share	3.16	4.12	4.68	4.07	4.43	5.38	6.15	6.41	6.37	6.45	6.89	7.56	7.39	8.12	5.19

Steven Madden, Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)