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

Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $749.8M, roughly 1.5× STEVEN MADDEN, LTD.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 3.3%, a 28.4% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 29.5%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs 16.7%).

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.

Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.

SHOO vs VIRT — Head-to-Head

Bigger by revenue
VIRT
VIRT
1.5× larger
VIRT
$1.1B
$749.8M
SHOO
Growing faster (revenue YoY)
VIRT
VIRT
+1.2% gap
VIRT
30.7%
29.5%
SHOO
Higher net margin
VIRT
VIRT
28.4% more per $
VIRT
31.6%
3.3%
SHOO
Faster 2-yr revenue CAGR
VIRT
VIRT
Annualised
VIRT
25.7%
16.7%
SHOO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SHOO
SHOO
VIRT
VIRT
Revenue
$749.8M
$1.1B
Net Profit
$24.7M
$346.6M
Gross Margin
42.6%
Operating Margin
4.8%
37.4%
Net Margin
3.3%
31.6%
Revenue YoY
29.5%
30.7%
Net Profit YoY
-34.8%
82.8%
EPS (diluted)
$0.33
$1.99

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
SHOO
SHOO
VIRT
VIRT
Q1 26
$1.1B
Q4 25
$749.8M
$969.9M
Q3 25
$664.2M
$824.8M
Q2 25
$556.1M
$999.6M
Q1 25
$551.4M
$837.9M
Q4 24
$578.8M
$834.3M
Q3 24
$621.2M
$706.8M
Q2 24
$521.7M
$693.0M
Net Profit
SHOO
SHOO
VIRT
VIRT
Q1 26
$346.6M
Q4 25
$24.7M
$139.9M
Q3 25
$20.5M
$77.6M
Q2 25
$-38.7M
$151.2M
Q1 25
$41.3M
$99.7M
Q4 24
$37.8M
$94.1M
Q3 24
$55.3M
$60.0M
Q2 24
$36.9M
$66.6M
Gross Margin
SHOO
SHOO
VIRT
VIRT
Q1 26
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%
Operating Margin
SHOO
SHOO
VIRT
VIRT
Q1 26
37.4%
Q4 25
4.8%
35.4%
Q3 25
4.7%
21.8%
Q2 25
-7.2%
34.7%
Q1 25
9.7%
26.7%
Q4 24
8.1%
24.3%
Q3 24
12.0%
20.8%
Q2 24
9.0%
22.4%
Net Margin
SHOO
SHOO
VIRT
VIRT
Q1 26
31.6%
Q4 25
3.3%
14.4%
Q3 25
3.1%
9.4%
Q2 25
-7.0%
15.1%
Q1 25
7.5%
11.9%
Q4 24
6.5%
11.3%
Q3 24
8.9%
8.5%
Q2 24
7.1%
9.6%
EPS (diluted)
SHOO
SHOO
VIRT
VIRT
Q1 26
$1.99
Q4 25
$0.33
$1.54
Q3 25
$0.29
$0.86
Q2 25
$-0.56
$1.65
Q1 25
$0.57
$1.08
Q4 24
$0.49
$1.03
Q3 24
$0.77
$0.64
Q2 24
$0.49
$0.71

Balance Sheet & Financial Strength

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

Metric
SHOO
SHOO
VIRT
VIRT
Cash + ST InvestmentsLiquidity on hand
$112.4M
$973.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$866.4M
$2.2B
Total Assets
$1.9B
$25.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHOO
SHOO
VIRT
VIRT
Q1 26
$973.2M
Q4 25
$112.4M
$1.1B
Q3 25
$140.0K
$707.9M
Q2 25
$111.9M
$752.1M
Q1 25
$147.2M
$723.6M
Q4 24
$203.4M
$872.5M
Q3 24
$11.1M
$701.4M
Q2 24
$192.2M
$684.8M
Total Debt
SHOO
SHOO
VIRT
VIRT
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Stockholders' Equity
SHOO
SHOO
VIRT
VIRT
Q1 26
$2.2B
Q4 25
$866.4M
$1.6B
Q3 25
$850.8M
$1.5B
Q2 25
$833.2M
$1.4B
Q1 25
$875.3M
$1.3B
Q4 24
$847.7M
$1.3B
Q3 24
$833.9M
$1.2B
Q2 24
$808.3M
$1.2B
Total Assets
SHOO
SHOO
VIRT
VIRT
Q1 26
$25.1B
Q4 25
$1.9B
$20.2B
Q3 25
$2.0B
$21.3B
Q2 25
$1.9B
$19.3B
Q1 25
$1.4B
$17.5B
Q4 24
$1.4B
$15.4B
Q3 24
$1.5B
$14.4B
Q2 24
$1.4B
$13.9B
Debt / Equity
SHOO
SHOO
VIRT
VIRT
Q1 26
Q4 25
1.29×
Q3 25
1.40×
Q2 25
1.24×
Q1 25
1.33×
Q4 24
1.39×
Q3 24
1.41×
Q2 24
1.41×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHOO
SHOO
VIRT
VIRT
Q1 26
Q4 25
$91.1M
$518.4M
Q3 25
$23.4M
$-68.7M
Q2 25
$66.5M
$62.8M
Q1 25
$-18.8M
$15.0M
Q4 24
$103.9M
$599.0M
Q3 24
$444.0K
$112.1M
Q2 24
$109.5M
$490.8M
Free Cash Flow
SHOO
SHOO
VIRT
VIRT
Q1 26
Q4 25
$80.8M
$495.6M
Q3 25
$8.6M
$-76.7M
Q2 25
$58.8M
$57.6M
Q1 25
$-28.7M
$9.2M
Q4 24
$94.6M
$586.6M
Q3 24
$-6.9M
$106.2M
Q2 24
$104.2M
$486.9M
FCF Margin
SHOO
SHOO
VIRT
VIRT
Q1 26
Q4 25
10.8%
51.1%
Q3 25
1.3%
-9.3%
Q2 25
10.6%
5.8%
Q1 25
-5.2%
1.1%
Q4 24
16.3%
70.3%
Q3 24
-1.1%
15.0%
Q2 24
20.0%
70.3%
Capex Intensity
SHOO
SHOO
VIRT
VIRT
Q1 26
Q4 25
1.4%
2.4%
Q3 25
2.2%
1.0%
Q2 25
1.4%
0.5%
Q1 25
1.8%
0.7%
Q4 24
1.6%
1.5%
Q3 24
1.2%
0.8%
Q2 24
1.0%
0.6%
Cash Conversion
SHOO
SHOO
VIRT
VIRT
Q1 26
Q4 25
3.70×
3.71×
Q3 25
1.14×
-0.89×
Q2 25
0.42×
Q1 25
-0.46×
0.15×
Q4 24
2.75×
6.37×
Q3 24
0.01×
1.87×
Q2 24
2.96×
7.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SHOO
SHOO

Segment breakdown not available.

VIRT
VIRT

Trading income, net$789.1M72%
Commissions, net and technology services$186.6M17%
Other$119.6M11%

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