Gentex vs Steven Madden
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KIRA’s take AI analyst
I put Gentex and Steven Madden side by side, using each one’s latest annual report. Here is what stands out:
- Gentex is the larger business, with $2.5B of revenue in fiscal 2025 against $2.5B for Steven Madden.
- Steven Madden grew revenue faster (11.0%, against 9.6%).
- Gentex kept more of each dollar of sales as operating profit (18.7% operating margin, against 3.2%).
- Gentex turned more of its sales into free cash flow (18.1% FCF margin, against 4.7%).
- Gentex earned a higher return on the capital invested in it (17.4%, against 6.0%).
- Investors pay more for each dollar of Steven Madden’s earnings: a P/E of 21.4x against 10.9x for Gentex.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Gentex
GNTX
7/11
Operating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change
Steven Madden
SHOO
3/11
Revenue growth5-year growthGross margin
Side by side
Best in the row
| Latest fiscal year | GNTX FY25 | SHOO FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $3.1B |
| Revenue | $2.5B | $2.5B |
| Free cash flow | $458M | $120M |
| Net income | $385M | $49.0M |
| Growth | ||
| Revenue growth | 9.6% | 11.0% |
| 5-year growth | 8.5% | 16.1% |
| Share count change | −3.6% | −1.1% |
| Profitability | ||
| Gross margin | 34.2% | 41.4% |
| Operating margin | 18.7% | 3.2% |
| Net margin | 15.2% | 1.9% |
| FCF margin | 18.1% | 4.7% |
| Return on capital | 17.4% | 6.0% |
| Return on equity | 15.5% | 5.7% |
| Balance sheet | ||
| Net debt | −$147M | $122M |
| Net debt / EBITDA | −0.3x | 1.1x |
| Dividends and buybacks | $422M | $74.5M |
| Valuation & quality | ||
| P/E | 10.9x | 21.4x |
| Piotroski F-score | 6 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.