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Side-by-side financial comparison of AvalonBay Communities (AVB) 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 $767.9M, roughly 1.0× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 0.3%, a 9040.3% gap on every dollar of revenue. On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-12.4M). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs 3.8%).

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

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.

AVB vs CAL — Head-to-Head

Bigger by revenue
CAL
CAL
1.0× larger
CAL
$790.1M
$767.9M
AVB
Growing faster (revenue YoY)
CAL
CAL
+2.9% gap
CAL
6.6%
3.7%
AVB
Higher net margin
AVB
AVB
9040.3% more per $
AVB
9040.6%
0.3%
CAL
More free cash flow
AVB
AVB
$1.4B more FCF
AVB
$1.4B
$-12.4M
CAL
Faster 2-yr revenue CAGR
CAL
CAL
Annualised
CAL
6.5%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AVB
AVB
CAL
CAL
Revenue
$767.9M
$790.1M
Net Profit
$166.0M
$2.4M
Gross Margin
41.8%
Operating Margin
64.2%
1.5%
Net Margin
9040.6%
0.3%
Revenue YoY
3.7%
6.6%
Net Profit YoY
-41.2%
-94.2%
EPS (diluted)
$1.18
$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.

Revenue
AVB
AVB
CAL
CAL
Q4 25
$767.9M
$790.1M
Q3 25
$766.8M
$658.5M
Q2 25
$760.2M
$614.2M
Q1 25
$745.9M
$639.2M
Q4 24
$740.5M
$740.9M
Q3 24
$734.3M
$683.3M
Q2 24
$726.0M
$659.2M
Q1 24
$712.9M
$697.1M
Net Profit
AVB
AVB
CAL
CAL
Q4 25
$166.0M
$2.4M
Q3 25
$381.3M
$6.7M
Q2 25
$268.7M
$6.9M
Q1 25
$236.6M
$4.9M
Q4 24
$282.1M
$41.4M
Q3 24
$372.5M
$30.0M
Q2 24
$253.9M
$30.9M
Q1 24
$173.4M
$55.7M
Gross Margin
AVB
AVB
CAL
CAL
Q4 25
41.8%
Q3 25
43.4%
Q2 25
45.4%
Q1 25
43.0%
Q4 24
44.1%
Q3 24
45.5%
Q2 24
46.9%
Q1 24
43.9%
Operating Margin
AVB
AVB
CAL
CAL
Q4 25
64.2%
1.5%
Q3 25
65.7%
1.4%
Q2 25
67.6%
1.9%
Q1 25
68.5%
1.2%
Q4 24
63.1%
7.7%
Q3 24
65.4%
6.2%
Q2 24
66.6%
6.5%
Q1 24
67.2%
4.4%
Net Margin
AVB
AVB
CAL
CAL
Q4 25
9040.6%
0.3%
Q3 25
49.7%
1.0%
Q2 25
35.3%
1.1%
Q1 25
31.7%
0.8%
Q4 24
38.1%
5.6%
Q3 24
50.7%
4.4%
Q2 24
35.0%
4.7%
Q1 24
24.3%
8.0%
EPS (diluted)
AVB
AVB
CAL
CAL
Q4 25
$1.18
$0.07
Q3 25
$2.68
$0.20
Q2 25
$1.88
$0.21
Q1 25
$1.66
$0.17
Q4 24
$1.99
$1.19
Q3 24
$2.61
$0.85
Q2 24
$1.78
$0.88
Q1 24
$1.22
$1.56

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
CAL
CAL
Cash + ST InvestmentsLiquidity on hand
$187.2M
$34.0M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$11.6B
$616.8M
Total Assets
$22.2B
$2.1B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
CAL
CAL
Q4 25
$187.2M
$34.0M
Q3 25
$123.3M
$191.5M
Q2 25
$102.8M
$33.1M
Q1 25
$53.3M
$29.6M
Q4 24
$108.6M
$33.7M
Q3 24
$552.4M
$51.8M
Q2 24
$545.8M
$30.7M
Q1 24
$287.9M
$21.4M
Total Debt
AVB
AVB
CAL
CAL
Q4 25
$9.3B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.3B
Q4 24
$8.1B
Q3 24
$8.4B
Q2 24
$8.4B
Q1 24
$8.0B
Stockholders' Equity
AVB
AVB
CAL
CAL
Q4 25
$11.6B
$616.8M
Q3 25
$11.9B
$613.3M
Q2 25
$11.9B
$605.2M
Q1 25
$11.9B
$599.0M
Q4 24
$11.9B
$598.3M
Q3 24
$11.9B
$606.1M
Q2 24
$11.7B
$570.3M
Q1 24
$11.7B
$560.6M
Total Assets
AVB
AVB
CAL
CAL
Q4 25
$22.2B
$2.1B
Q3 25
$21.9B
$2.2B
Q2 25
$21.8B
$1.9B
Q1 25
$21.2B
$1.9B
Q4 24
$21.0B
$2.0B
Q3 24
$21.3B
$2.0B
Q2 24
$21.0B
$1.9B
Q1 24
$20.6B
$1.8B
Debt / Equity
AVB
AVB
CAL
CAL
Q4 25
0.80×
Q3 25
0.73×
Q2 25
0.72×
Q1 25
0.70×
Q4 24
0.68×
Q3 24
0.70×
Q2 24
0.71×
Q1 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
AVB
AVB
CAL
CAL
Operating Cash FlowLast quarter
$1.7B
$-1.2M
Free Cash FlowOCF − Capex
$1.4B
$-12.4M
FCF MarginFCF / Revenue
183.5%
-1.6%
Capex IntensityCapex / Revenue
34.1%
1.4%
Cash ConversionOCF / Net Profit
10.07×
-0.50×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$14.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
CAL
CAL
Q4 25
$1.7B
$-1.2M
Q3 25
$477.0M
$47.3M
Q2 25
$377.8M
$-5.7M
Q1 25
$415.9M
$28.7M
Q4 24
$1.6B
$-39.8M
Q3 24
$486.2M
$79.6M
Q2 24
$380.0M
$36.1M
Q1 24
$412.9M
$43.0M
Free Cash Flow
AVB
AVB
CAL
CAL
Q4 25
$1.4B
$-12.4M
Q3 25
$402.2M
$35.0M
Q2 25
$317.1M
$-26.2M
Q1 25
$367.5M
$18.0M
Q4 24
$1.4B
$-57.4M
Q3 24
$434.2M
$68.5M
Q2 24
$333.0M
$26.3M
Q1 24
$375.4M
$32.4M
FCF Margin
AVB
AVB
CAL
CAL
Q4 25
183.5%
-1.6%
Q3 25
52.5%
5.3%
Q2 25
41.7%
-4.3%
Q1 25
49.3%
2.8%
Q4 24
191.0%
-7.7%
Q3 24
59.1%
10.0%
Q2 24
45.9%
4.0%
Q1 24
52.7%
4.6%
Capex Intensity
AVB
AVB
CAL
CAL
Q4 25
34.1%
1.4%
Q3 25
9.8%
1.9%
Q2 25
8.0%
3.3%
Q1 25
6.5%
1.7%
Q4 24
26.1%
2.4%
Q3 24
7.1%
1.6%
Q2 24
6.5%
1.5%
Q1 24
5.3%
1.5%
Cash Conversion
AVB
AVB
CAL
CAL
Q4 25
10.07×
-0.50×
Q3 25
1.25×
7.05×
Q2 25
1.41×
-0.81×
Q1 25
1.76×
5.82×
Q4 24
5.70×
-0.96×
Q3 24
1.31×
2.66×
Q2 24
1.50×
1.17×
Q1 24
2.38×
0.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

CAL
CAL

Brand Portfolio$383.7M49%
Landed Wholesale$148.1M19%
Wholesale E Commerce$75.0M9%
Ecommerce$68.8M9%
Stuart Weitzman Brand$45.8M6%
Landed Wholesale Ecommerce Drop Ship$30.6M4%
First Cost Wholesale$14.9M2%
Clt Brand Solutions$10.2M1%
License And Royalty$2.1M0%

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