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Side-by-side financial comparison of CALERES INC (CAL) and Cadence Design Systems (CDNS). Click either name above to swap in a different company.
Cadence Design Systems is the larger business by last-quarter revenue ($1.5B vs $790.1M, roughly 1.9× CALERES INC). Cadence Design Systems runs the higher net margin — 22.8% vs 0.3%, a 22.5% gap on every dollar of revenue. On growth, Cadence Design Systems posted the faster year-over-year revenue change (14.1% vs 6.6%). Cadence Design Systems produced more free cash flow last quarter ($307.0M vs $-12.4M). Over the past eight quarters, Cadence Design Systems's revenue compounded faster (17.9% CAGR vs 6.5%).
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.
Cadence Design Systems, Inc. is an American multinational technology and computational software company headquartered in San Jose, California. Initially specialized in electronic design automation (EDA) software for the semiconductor industry, currently the company makes software and hardware for designing products such as integrated circuits, systems on chips (SoCs), printed circuit boards, and pharmaceutical drugs, also licensing intellectual property for the electronics, aerospace, defense an...
CAL vs CDNS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $1.5B |
| Net Profit | $2.4M | $335.7M |
| Gross Margin | 41.8% | — |
| Operating Margin | 1.5% | 29.3% |
| Net Margin | 0.3% | 22.8% |
| Revenue YoY | 6.6% | 14.1% |
| Net Profit YoY | -94.2% | — |
| EPS (diluted) | $0.07 | $1.23 |
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.
| Q1 26 | — | $1.5B | ||
| Q4 25 | $790.1M | $1.4B | ||
| Q3 25 | $658.5M | $1.3B | ||
| Q2 25 | $614.2M | $1.3B | ||
| Q1 25 | $639.2M | $1.2B | ||
| Q4 24 | $740.9M | $1.4B | ||
| Q3 24 | $683.3M | $1.2B | ||
| Q2 24 | $659.2M | $1.1B |
| Q1 26 | — | $335.7M | ||
| Q4 25 | $2.4M | $388.1M | ||
| Q3 25 | $6.7M | $287.1M | ||
| Q2 25 | $6.9M | $160.1M | ||
| Q1 25 | $4.9M | $273.6M | ||
| Q4 24 | $41.4M | $340.2M | ||
| Q3 24 | $30.0M | $238.1M | ||
| Q2 24 | $30.9M | $229.5M |
| Q1 26 | — | — | ||
| 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 26 | — | 29.3% | ||
| Q4 25 | 1.5% | 32.2% | ||
| Q3 25 | 1.4% | 31.8% | ||
| Q2 25 | 1.9% | 19.0% | ||
| Q1 25 | 1.2% | 29.1% | ||
| Q4 24 | 7.7% | 33.7% | ||
| Q3 24 | 6.2% | 28.8% | ||
| Q2 24 | 6.5% | 27.7% |
| Q1 26 | — | 22.8% | ||
| Q4 25 | 0.3% | 27.0% | ||
| Q3 25 | 1.0% | 21.4% | ||
| Q2 25 | 1.1% | 12.5% | ||
| Q1 25 | 0.8% | 22.0% | ||
| Q4 24 | 5.6% | 25.1% | ||
| Q3 24 | 4.4% | 19.6% | ||
| Q2 24 | 4.7% | 21.6% |
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.07 | $1.42 | ||
| Q3 25 | $0.20 | $1.05 | ||
| Q2 25 | $0.21 | $0.59 | ||
| Q1 25 | $0.17 | $1.00 | ||
| Q4 24 | $1.19 | $1.23 | ||
| Q3 24 | $0.85 | $0.87 | ||
| Q2 24 | $0.88 | $0.84 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $1.4B |
| Total DebtLower is stronger | — | $2.5B |
| Stockholders' EquityBook value | $616.8M | $6.6B |
| Total Assets | $2.1B | $12.1B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $34.0M | $3.2B | ||
| Q3 25 | $191.5M | $2.8B | ||
| Q2 25 | $33.1M | $2.8B | ||
| Q1 25 | $29.6M | $2.8B | ||
| Q4 24 | $33.7M | $2.8B | ||
| Q3 24 | $51.8M | $2.8B | ||
| Q2 24 | $30.7M | $1.1B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $616.8M | $5.5B | ||
| Q3 25 | $613.3M | $5.2B | ||
| Q2 25 | $605.2M | $5.0B | ||
| Q1 25 | $599.0M | $4.8B | ||
| Q4 24 | $598.3M | $4.7B | ||
| Q3 24 | $606.1M | $4.6B | ||
| Q2 24 | $570.3M | $4.3B |
| Q1 26 | — | $12.1B | ||
| Q4 25 | $2.1B | $10.2B | ||
| Q3 25 | $2.2B | $9.6B | ||
| Q2 25 | $1.9B | $9.5B | ||
| Q1 25 | $1.9B | $9.0B | ||
| Q4 24 | $2.0B | $9.0B | ||
| Q3 24 | $2.0B | $9.2B | ||
| Q2 24 | $1.9B | $7.2B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-1.2M | $355.8M |
| Free Cash FlowOCF − Capex | $-12.4M | $307.0M |
| FCF MarginFCF / Revenue | -1.6% | 20.8% |
| Capex IntensityCapex / Revenue | 1.4% | 9.6% |
| Cash ConversionOCF / Net Profit | -0.50× | 1.06× |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $355.8M | ||
| Q4 25 | $-1.2M | $553.5M | ||
| Q3 25 | $47.3M | $310.7M | ||
| Q2 25 | $-5.7M | $377.6M | ||
| Q1 25 | $28.7M | $487.0M | ||
| Q4 24 | $-39.8M | $441.4M | ||
| Q3 24 | $79.6M | $410.0M | ||
| Q2 24 | $36.1M | $156.0M |
| Q1 26 | — | $307.0M | ||
| Q4 25 | $-12.4M | $512.5M | ||
| Q3 25 | $35.0M | $277.0M | ||
| Q2 25 | $-26.2M | $333.5M | ||
| Q1 25 | $18.0M | $464.0M | ||
| Q4 24 | $-57.4M | $404.2M | ||
| Q3 24 | $68.5M | $383.5M | ||
| Q2 24 | $26.3M | $126.8M |
| Q1 26 | — | 20.8% | ||
| Q4 25 | -1.6% | 35.6% | ||
| Q3 25 | 5.3% | 20.7% | ||
| Q2 25 | -4.3% | 26.1% | ||
| Q1 25 | 2.8% | 37.3% | ||
| Q4 24 | -7.7% | 29.8% | ||
| Q3 24 | 10.0% | 31.5% | ||
| Q2 24 | 4.0% | 12.0% |
| Q1 26 | — | 9.6% | ||
| Q4 25 | 1.4% | 2.8% | ||
| Q3 25 | 1.9% | 2.5% | ||
| Q2 25 | 3.3% | 3.5% | ||
| Q1 25 | 1.7% | 1.9% | ||
| Q4 24 | 2.4% | 2.7% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 1.5% | 2.8% |
| Q1 26 | — | 1.06× | ||
| Q4 25 | -0.50× | 1.43× | ||
| Q3 25 | 7.05× | 1.08× | ||
| Q2 25 | -0.81× | 2.36× | ||
| Q1 25 | 5.82× | 1.78× | ||
| Q4 24 | -0.96× | 1.30× | ||
| Q3 24 | 2.66× | 1.72× | ||
| Q2 24 | 1.17× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
CDNS
| Product and Maintenance | $1.3B | 92% |
| Services | $125.0M | 8% |
