Rocky Brands vs Steven Madden
Steven Madden reported revenue of $2.5 billion in fiscal 2025, 5.3 times Rocky Brands' $482 million in fiscal 2025. Rocky Brands' revenue grew 6.2% in its latest year, and Steven Madden's grew 11.0%. Rocky Brands had an operating margin of 7.7%, against 3.2% at Steven Madden. Free cash flow was $10 million at Rocky Brands and $120 million at Steven Madden.
Side by side
| Rocky Brands | Steven Madden | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $482M | $2.5B |
| Revenue growth | 6.2% | 11.0% |
| Revenue growth a year, last 5 years | 11.7% | 16.1% |
| Gross margin | 40.9% | 41.4% |
| Operating margin | 7.7% | 3.2% |
| Net margin | 4.6% | 1.9% |
| Free cash flow | $10M | $120M |
| Free cash flow margin | 2.0% | 4.7% |
| Return on capital | 8.4% | 6.0% |
| Net debt to EBITDA | 2.5x | 1.1x |
| Dividends and buybacks | $5M | $74M |
| Change in diluted share count | 0.7% | −1.1% |
| Last close | $51.34 | $39.50 |
| P/E at the last close | 11.3× | 16.3× |
| Insider trades, last 12 months | — | sold $3.9 million |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Rocky BrandsSteven Madden
Operating margin
Percent of revenue
Rocky BrandsSteven Madden
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Rocky BrandsSteven Madden
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Rocky Brands and Steven Madden pages.