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Birkenstock Holding vs Steven Madden

Birkenstock Holding and Steven Madden are similar in size: $2.32bn and $2.53bn of revenue in their latest fiscal years. Birkenstock Holding grew faster (18.6% against 11.0%). Birkenstock Holding kept more of each dollar of sales as profit: a net margin of 16.6% against 1.9%.

Latest fiscal yearBirkenstock HoldingBIRK, 2025Steven MaddenSHOO, 2025
Revenue $2.32bn $2.53bn
Revenue growth 18.6% 11.0%
Net income $385m $49.0m
Operating margin 26.2% —
Net margin 16.6% 1.9%
Return on equity 12.6% 5.7%
Free cash flow $340m $120m
Cash $386m $112m
Total debt $1.34bn $234m
Debt to equity 42.1% —
Dividend per share — $0.84
Dividend yield — 1.9%
Share buybacks — $13.5m
Employees — 6,300
Market value $6.59bn $3.21bn
Price vs our value range — Below our value range
Moat score — 68 (Moderate)
Insider trades, 12 months 0 buys, 3 sales 0 buys, 20 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.