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Rocky Brands vs Steven Madden: revenue, profit, margins and growth compared

Rocky Brands brought in $482M of revenue in fiscal 2025, Steven Madden $2.5B in fiscal 2025. Revenue changed by +6.2% at Rocky Brands and +11.0% at Steven Madden on the year before, so Steven Madden grew faster. Rocky Brands kept 4.6% of its revenue as net profit, Steven Madden 1.9%. Free cash flow was $9.7M at Rocky Brands and $119.5M at Steven Madden.

Side by side, latest fiscal year

RCKYSHOO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$482M$2.5B
Revenue growth+6.2%+11.0%
Net income$22.3M$49M
Net margin4.6%1.9%
Free cash flow$9.7M$119.5M
Free cash flow margin2.0%4.7%
Earnings per share (diluted)$2.96$0.63
Cash$2.9M$112.4M
Debt$122.6M$234.2M
Price to earnings15.271.5
Market value$337.9M$3.3B
Dividend yield1.37%1.86%
Rank by revenue in sector#567 of 778 · Consumer discretionary#321 of 778 · Consumer discretionary

Over the years

Revenue
RCKY FY2018: $252.7MRCKY FY2019: $270.4MRCKY FY2020: $277.3MRCKY FY2021: $514.2MRCKY FY2022: $615.5MRCKY FY2023: $461.8MRCKY FY2024: $453.8MRCKY FY2025: $482MSHOO FY2018: $1.7BSHOO FY2019: $1.8BSHOO FY2020: $1.2BSHOO FY2021: $1.9BSHOO FY2022: $2.1BSHOO FY2023: $2BSHOO FY2024: $2.3BSHOO FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
RCKY $482MSHOO $2.5B
Net income
RCKY FY2018: $14.6MRCKY FY2019: $17.5MRCKY FY2020: $21MRCKY FY2021: $20.6MRCKY FY2022: $20.5MRCKY FY2023: $10.4MRCKY FY2024: $11.4MRCKY FY2025: $22.3MSHOO FY2018: $129.1MSHOO FY2019: $141.3MSHOO FY2020: -$18.4MSHOO FY2021: $192.5MSHOO FY2022: $217.2MSHOO FY2023: $174MSHOO FY2024: $175.9MSHOO FY2025: $49MFY18FY19FY20FY21FY22FY23FY24FY25
RCKY $22.3MSHOO $49M
Net margin
RCKY FY2018: 5.8%RCKY FY2019: 6.5%RCKY FY2020: 7.6%RCKY FY2021: 4.0%RCKY FY2022: 3.3%RCKY FY2023: 2.3%RCKY FY2024: 2.5%RCKY FY2025: 4.6%SHOO FY2018: 7.7%SHOO FY2019: 7.9%SHOO FY2020: -1.5%SHOO FY2021: 10.3%SHOO FY2022: 10.2%SHOO FY2023: 8.8%SHOO FY2024: 7.7%SHOO FY2025: 1.9%FY18FY19FY20FY21FY22FY23FY24FY25
RCKY 4.6%SHOO 1.9%
Revenue growth
RCKY FY2019: +7.0%RCKY FY2020: +2.6%RCKY FY2021: +85.4%RCKY FY2022: +19.7%RCKY FY2023: -25.0%RCKY FY2024: -1.7%RCKY FY2025: +6.2%SHOO FY2019: +6.5%SHOO FY2020: -32.8%SHOO FY2021: +55.3%SHOO FY2022: +13.7%SHOO FY2023: -6.6%SHOO FY2024: +15.2%SHOO FY2025: +11.0%FY19FY20FY21FY22FY23FY24FY25
RCKY +6.2%SHOO +11.0%
Free cash flow
RCKY FY2018: $13.3MRCKY FY2019: $10.4MRCKY FY2020: $19.7MRCKY FY2021: -$75.9MRCKY FY2022: $12.4MRCKY FY2023: $69.7MRCKY FY2024: $48.1MRCKY FY2025: $9.7MSHOO FY2018: $141.9MSHOO FY2019: $215.5MSHOO FY2020: $37.6MSHOO FY2021: $152.9MSHOO FY2022: $251.5MSHOO FY2023: $209.8MSHOO FY2024: $172.2MSHOO FY2025: $119.5MFY18FY19FY20FY21FY22FY23FY24FY25
RCKY $9.7MSHOO $119.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Rocky Brands and Steven Madden

Which is bigger by revenue, Rocky Brands or Steven Madden?

Steven Madden is bigger by revenue: $2.5B in fiscal 2025, against $482M for Rocky Brands in fiscal 2025.

Which keeps more of its revenue as profit, Rocky Brands or Steven Madden?

Rocky Brands had a net margin of 4.6% in fiscal 2025; Steven Madden had 1.9% in fiscal 2025.

Which grew revenue faster, Rocky Brands or Steven Madden?

In their latest fiscal years revenue changed by +6.2% at Rocky Brands and +11.0% at Steven Madden.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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