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Side-by-side financial comparison of AeroVironment Inc (AVAV) and CALERES INC (CAL). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $472.5M, roughly 1.7× AeroVironment Inc). CALERES INC runs the higher net margin — 0.3% vs -3.6%, a 3.9% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 6.6%). CALERES INC produced more free cash flow last quarter ($-12.4M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 6.5%).
AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo i...
Caleres Inc. is an American footwear company that owns and operates a variety of footwear brands. Its headquarters is located in Clayton, Missouri, a suburb of St. Louis. The company was founded in 1878 as Bryan, Brown & Company in St. Louis, though it underwent several name changes. The Hamilton-Brown Shoe Company was the largest manufacturer of shoes in America in the early 20th century, but it went bankrupt in June 1939.
AVAV vs CAL — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $790.1M |
| Net Profit | $-17.1M | $2.4M |
| Gross Margin | 22.0% | 41.8% |
| Operating Margin | -6.4% | 1.5% |
| Net Margin | -3.6% | 0.3% |
| Revenue YoY | 181.9% | 6.6% |
| Net Profit YoY | -875.1% | -94.2% |
| EPS (diluted) | $-0.34 | $0.07 |
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.
| Q4 25 | $472.5M | $790.1M | ||
| Q3 25 | $454.7M | $658.5M | ||
| Q2 25 | $275.1M | $614.2M | ||
| Q1 25 | $167.6M | $639.2M | ||
| Q4 24 | $188.5M | $740.9M | ||
| Q3 24 | $189.5M | $683.3M | ||
| Q2 24 | $197.0M | $659.2M | ||
| Q1 24 | $186.6M | $697.1M |
| Q4 25 | $-17.1M | $2.4M | ||
| Q3 25 | $-67.4M | $6.7M | ||
| Q2 25 | $16.7M | $6.9M | ||
| Q1 25 | $-1.8M | $4.9M | ||
| Q4 24 | $7.5M | $41.4M | ||
| Q3 24 | $21.2M | $30.0M | ||
| Q2 24 | $6.0M | $30.9M | ||
| Q1 24 | $13.9M | $55.7M |
| Q4 25 | 22.0% | 41.8% | ||
| Q3 25 | 20.9% | 43.4% | ||
| Q2 25 | 36.5% | 45.4% | ||
| Q1 25 | 37.7% | 43.0% | ||
| Q4 24 | 39.1% | 44.1% | ||
| Q3 24 | 43.0% | 45.5% | ||
| Q2 24 | 38.4% | 46.9% | ||
| Q1 24 | 36.1% | 43.9% |
| Q4 25 | -6.4% | 1.5% | ||
| Q3 25 | -15.2% | 1.4% | ||
| Q2 25 | 5.0% | 1.9% | ||
| Q1 25 | -1.8% | 1.2% | ||
| Q4 24 | 3.7% | 7.7% | ||
| Q3 24 | 12.2% | 6.2% | ||
| Q2 24 | 3.0% | 6.5% | ||
| Q1 24 | 7.7% | 4.4% |
| Q4 25 | -3.6% | 0.3% | ||
| Q3 25 | -14.8% | 1.0% | ||
| Q2 25 | 6.1% | 1.1% | ||
| Q1 25 | -1.0% | 0.8% | ||
| Q4 24 | 4.0% | 5.6% | ||
| Q3 24 | 11.2% | 4.4% | ||
| Q2 24 | 3.1% | 4.7% | ||
| Q1 24 | 7.4% | 8.0% |
| Q4 25 | $-0.34 | $0.07 | ||
| Q3 25 | $-1.44 | $0.20 | ||
| Q2 25 | $0.59 | $0.21 | ||
| Q1 25 | $-0.06 | $0.17 | ||
| Q4 24 | $0.27 | $1.19 | ||
| Q3 24 | $0.75 | $0.85 | ||
| Q2 24 | $0.18 | $0.88 | ||
| Q1 24 | $0.50 | $1.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $588.5M | $34.0M |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $616.8M |
| Total Assets | $5.6B | $2.1B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $34.0M | ||
| Q3 25 | $685.8M | $191.5M | ||
| Q2 25 | $40.9M | $33.1M | ||
| Q1 25 | $47.0M | $29.6M | ||
| Q4 24 | $69.0M | $33.7M | ||
| Q3 24 | $81.2M | $51.8M | ||
| Q2 24 | $73.3M | $30.7M | ||
| Q1 24 | $107.7M | $21.4M |
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | — |
| Q4 25 | $4.4B | $616.8M | ||
| Q3 25 | $4.4B | $613.3M | ||
| Q2 25 | $886.5M | $605.2M | ||
| Q1 25 | $861.1M | $599.0M | ||
| Q4 24 | $858.4M | $598.3M | ||
| Q3 24 | $845.5M | $606.1M | ||
| Q2 24 | $822.7M | $570.3M | ||
| Q1 24 | $813.0M | $560.6M |
| Q4 25 | $5.6B | $2.1B | ||
| Q3 25 | $5.6B | $2.2B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.0B | $2.0B | ||
| Q3 24 | $999.2M | $2.0B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $980.3M | $1.8B |
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.05× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-45.1M | $-1.2M |
| Free Cash FlowOCF − Capex | $-55.9M | $-12.4M |
| FCF MarginFCF / Revenue | -11.8% | -1.6% |
| Capex IntensityCapex / Revenue | 2.3% | 1.4% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $14.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $-1.2M | ||
| Q3 25 | $-123.7M | $47.3M | ||
| Q2 25 | $-264.0K | $-5.7M | ||
| Q1 25 | $-25.8M | $28.7M | ||
| Q4 24 | $-3.6M | $-39.8M | ||
| Q3 24 | $28.4M | $79.6M | ||
| Q2 24 | $-11.7M | $36.1M | ||
| Q1 24 | $52.6M | $43.0M |
| Q4 25 | $-55.9M | $-12.4M | ||
| Q3 25 | $-146.5M | $35.0M | ||
| Q2 25 | $-8.8M | $-26.2M | ||
| Q1 25 | $-29.6M | $18.0M | ||
| Q4 24 | $-8.7M | $-57.4M | ||
| Q3 24 | $22.9M | $68.5M | ||
| Q2 24 | $-20.8M | $26.3M | ||
| Q1 24 | $48.8M | $32.4M |
| Q4 25 | -11.8% | -1.6% | ||
| Q3 25 | -32.2% | 5.3% | ||
| Q2 25 | -3.2% | -4.3% | ||
| Q1 25 | -17.7% | 2.8% | ||
| Q4 24 | -4.6% | -7.7% | ||
| Q3 24 | 12.1% | 10.0% | ||
| Q2 24 | -10.5% | 4.0% | ||
| Q1 24 | 26.1% | 4.6% |
| Q4 25 | 2.3% | 1.4% | ||
| Q3 25 | 5.0% | 1.9% | ||
| Q2 25 | 3.1% | 3.3% | ||
| Q1 25 | 2.3% | 1.7% | ||
| Q4 24 | 2.7% | 2.4% | ||
| Q3 24 | 2.9% | 1.6% | ||
| Q2 24 | 4.6% | 1.5% | ||
| Q1 24 | 2.0% | 1.5% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | — | 7.05× | ||
| Q2 25 | -0.02× | -0.81× | ||
| Q1 25 | — | 5.82× | ||
| Q4 24 | -0.48× | -0.96× | ||
| Q3 24 | 1.34× | 2.66× | ||
| Q2 24 | -1.93× | 1.17× | ||
| Q1 24 | 3.79× | 0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
