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Side-by-side financial comparison of Qfin Holdings, Inc. (QFIN) and STEVEN MADDEN, LTD. (SHOO). Click either name above to swap in a different company.

STEVEN MADDEN, LTD. is the larger business by last-quarter revenue ($749.8M vs $731.2M, roughly 1.0× Qfin Holdings, Inc.). Qfin Holdings, Inc. runs the higher net margin — 27.5% vs 3.3%, a 24.2% gap on every dollar of revenue. Over the past eight quarters, STEVEN MADDEN, LTD.'s revenue compounded faster (16.7% CAGR vs 16.4%).

Qfin Holdings Inc. is a leading China-based fintech enterprise that mainly provides intelligent credit solutions, risk management technology support, and digital financial service tools. It collaborates with licensed financial institutions to serve individual consumers and micro, small and medium-sized enterprises across China, using big data and artificial intelligence to boost financial inclusion and operational efficiency.

Steven Madden, Ltd. is a publicly traded company that designs and markets shoes and fashion accessories. Based in Long Island City, New York, the company's brands include Dolce Vita, Betsey Johnson, Blondo, BB Dakota and Mad Love. Steve Madden is also a licensee of various brands, including Anne Klein and Superga.

QFIN vs SHOO — Head-to-Head

Bigger by revenue
SHOO
SHOO
1.0× larger
SHOO
$749.8M
$731.2M
QFIN
Higher net margin
QFIN
QFIN
24.2% more per $
QFIN
27.5%
3.3%
SHOO
Faster 2-yr revenue CAGR
SHOO
SHOO
Annualised
SHOO
16.7%
16.4%
QFIN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
QFIN
QFIN
SHOO
SHOO
Revenue
$731.2M
$749.8M
Net Profit
$201.2M
$24.7M
Gross Margin
42.6%
Operating Margin
32.7%
4.8%
Net Margin
27.5%
3.3%
Revenue YoY
29.5%
Net Profit YoY
-34.8%
EPS (diluted)
$0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
QFIN
QFIN
SHOO
SHOO
Q4 25
$749.8M
Q3 25
$731.2M
$664.2M
Q2 25
$728.1M
$556.1M
Q1 25
$646.4M
$551.4M
Q4 24
$578.8M
Q3 24
$622.7M
$621.2M
Q2 24
$572.4M
$521.7M
Q1 24
$575.2M
$550.6M
Net Profit
QFIN
QFIN
SHOO
SHOO
Q4 25
$24.7M
Q3 25
$201.2M
$20.5M
Q2 25
$241.6M
$-38.7M
Q1 25
$247.6M
$41.3M
Q4 24
$37.8M
Q3 24
$256.3M
$55.3M
Q2 24
$189.4M
$36.9M
Q1 24
$160.7M
$44.6M
Gross Margin
QFIN
QFIN
SHOO
SHOO
Q4 25
42.6%
Q3 25
41.8%
Q2 25
40.6%
Q1 25
41.0%
Q4 24
40.7%
Q3 24
41.8%
Q2 24
41.6%
Q1 24
40.8%
Operating Margin
QFIN
QFIN
SHOO
SHOO
Q4 25
4.8%
Q3 25
32.7%
4.7%
Q2 25
41.0%
-7.2%
Q1 25
42.1%
9.7%
Q4 24
8.1%
Q3 24
52.4%
12.0%
Q2 24
47.7%
9.0%
Q1 24
32.8%
10.3%
Net Margin
QFIN
QFIN
SHOO
SHOO
Q4 25
3.3%
Q3 25
27.5%
3.1%
Q2 25
33.2%
-7.0%
Q1 25
38.3%
7.5%
Q4 24
6.5%
Q3 24
41.2%
8.9%
Q2 24
33.1%
7.1%
Q1 24
27.9%
8.1%
EPS (diluted)
QFIN
QFIN
SHOO
SHOO
Q4 25
$0.33
Q3 25
$0.29
Q2 25
$-0.56
Q1 25
$0.57
Q4 24
$0.49
Q3 24
$0.77
Q2 24
$0.49
Q1 24
$0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
QFIN
QFIN
SHOO
SHOO
Cash + ST InvestmentsLiquidity on hand
$6.5B
$112.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$24.3B
$866.4M
Total Assets
$61.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QFIN
QFIN
SHOO
SHOO
Q4 25
$112.4M
Q3 25
$6.5B
$140.0K
Q2 25
$5.3B
$111.9M
Q1 25
$8.6B
$147.2M
Q4 24
$203.4M
Q3 24
$4.3B
$11.1M
Q2 24
$6.3B
$192.2M
Q1 24
$5.3B
$143.1M
Stockholders' Equity
QFIN
QFIN
SHOO
SHOO
Q4 25
$866.4M
Q3 25
$24.3B
$850.8M
Q2 25
$24.1B
$833.2M
Q1 25
$23.1B
$875.3M
Q4 24
$847.7M
Q3 24
$22.9B
$833.9M
Q2 24
$22.6B
$808.3M
Q1 24
$22.1B
$825.2M
Total Assets
QFIN
QFIN
SHOO
SHOO
Q4 25
$1.9B
Q3 25
$61.4B
$2.0B
Q2 25
$59.8B
$1.9B
Q1 25
$55.6B
$1.4B
Q4 24
$1.4B
Q3 24
$47.0B
$1.5B
Q2 24
$47.0B
$1.4B
Q1 24
$47.4B
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
QFIN
QFIN
SHOO
SHOO
Operating Cash FlowLast quarter
$351.4M
$91.1M
Free Cash FlowOCF − Capex
$80.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.75×
3.70×
TTM Free Cash FlowTrailing 4 quarters
$119.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QFIN
QFIN
SHOO
SHOO
Q4 25
$91.1M
Q3 25
$351.4M
$23.4M
Q2 25
$366.0M
$66.5M
Q1 25
$386.6M
$-18.8M
Q4 24
$103.9M
Q3 24
$338.0M
$444.0K
Q2 24
$269.9M
$109.5M
Q1 24
$271.2M
$-15.7M
Free Cash Flow
QFIN
QFIN
SHOO
SHOO
Q4 25
$80.8M
Q3 25
$8.6M
Q2 25
$58.8M
Q1 25
$-28.7M
Q4 24
$94.6M
Q3 24
$-6.9M
Q2 24
$104.2M
Q1 24
$-19.7M
FCF Margin
QFIN
QFIN
SHOO
SHOO
Q4 25
10.8%
Q3 25
1.3%
Q2 25
10.6%
Q1 25
-5.2%
Q4 24
16.3%
Q3 24
-1.1%
Q2 24
20.0%
Q1 24
-3.6%
Capex Intensity
QFIN
QFIN
SHOO
SHOO
Q4 25
1.4%
Q3 25
2.2%
Q2 25
1.4%
Q1 25
1.8%
Q4 24
1.6%
Q3 24
1.2%
Q2 24
1.0%
Q1 24
0.7%
Cash Conversion
QFIN
QFIN
SHOO
SHOO
Q4 25
3.70×
Q3 25
1.75×
1.14×
Q2 25
1.52×
Q1 25
1.56×
-0.46×
Q4 24
2.75×
Q3 24
1.32×
0.01×
Q2 24
1.43×
2.96×
Q1 24
1.69×
-0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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