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Side-by-side financial comparison of CALERES INC (CAL) and CONDUENT Inc (CNDT). Click either name above to swap in a different company.

CALERES INC is the larger business by last-quarter revenue ($790.1M vs $770.0M, roughly 1.0× CONDUENT Inc). CALERES INC runs the higher net margin — 0.3% vs -4.3%, a 4.6% gap on every dollar of revenue. On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs -3.8%). CONDUENT Inc produced more free cash flow last quarter ($24.0M vs $-12.4M). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs -8.6%).

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.

Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.

CAL vs CNDT — Head-to-Head

Bigger by revenue
CAL
CAL
1.0× larger
CAL
$790.1M
$770.0M
CNDT
Growing faster (revenue YoY)
CAL
CAL
+10.4% gap
CAL
6.6%
-3.8%
CNDT
Higher net margin
CAL
CAL
4.6% more per $
CAL
0.3%
-4.3%
CNDT
More free cash flow
CNDT
CNDT
$36.4M more FCF
CNDT
$24.0M
$-12.4M
CAL
Faster 2-yr revenue CAGR
CAL
CAL
Annualised
CAL
6.5%
-8.6%
CNDT

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CAL
CAL
CNDT
CNDT
Revenue
$790.1M
$770.0M
Net Profit
$2.4M
$-33.0M
Gross Margin
41.8%
19.0%
Operating Margin
1.5%
-3.6%
Net Margin
0.3%
-4.3%
Revenue YoY
6.6%
-3.8%
Net Profit YoY
-94.2%
-175.0%
EPS (diluted)
$0.07
$-0.25

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
CAL
CAL
CNDT
CNDT
Q4 25
$790.1M
$770.0M
Q3 25
$658.5M
$767.0M
Q2 25
$614.2M
$754.0M
Q1 25
$639.2M
$751.0M
Q4 24
$740.9M
$800.0M
Q3 24
$683.3M
$807.0M
Q2 24
$659.2M
$828.0M
Q1 24
$697.1M
$921.0M
Net Profit
CAL
CAL
CNDT
CNDT
Q4 25
$2.4M
$-33.0M
Q3 25
$6.7M
$-46.0M
Q2 25
$6.9M
$-40.0M
Q1 25
$4.9M
$-51.0M
Q4 24
$41.4M
$-12.0M
Q3 24
$30.0M
$123.0M
Q2 24
$30.9M
$216.0M
Q1 24
$55.7M
$99.0M
Gross Margin
CAL
CAL
CNDT
CNDT
Q4 25
41.8%
19.0%
Q3 25
43.4%
17.7%
Q2 25
45.4%
18.2%
Q1 25
43.0%
17.7%
Q4 24
44.1%
17.3%
Q3 24
45.5%
18.7%
Q2 24
46.9%
18.2%
Q1 24
43.9%
20.2%
Operating Margin
CAL
CAL
CNDT
CNDT
Q4 25
1.5%
-3.6%
Q3 25
1.4%
-5.0%
Q2 25
1.9%
-5.0%
Q1 25
1.2%
-7.5%
Q4 24
7.7%
-10.3%
Q3 24
6.2%
19.7%
Q2 24
6.5%
36.2%
Q1 24
4.4%
13.8%
Net Margin
CAL
CAL
CNDT
CNDT
Q4 25
0.3%
-4.3%
Q3 25
1.0%
-6.0%
Q2 25
1.1%
-5.3%
Q1 25
0.8%
-6.8%
Q4 24
5.6%
-1.5%
Q3 24
4.4%
15.2%
Q2 24
4.7%
26.1%
Q1 24
8.0%
10.7%
EPS (diluted)
CAL
CAL
CNDT
CNDT
Q4 25
$0.07
$-0.25
Q3 25
$0.20
$-0.30
Q2 25
$0.21
$-0.26
Q1 25
$0.17
$-0.33
Q4 24
$1.19
$-0.02
Q3 24
$0.85
$0.72
Q2 24
$0.88
$1.07
Q1 24
$1.56
$0.46

Balance Sheet & Financial Strength

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

Metric
CAL
CAL
CNDT
CNDT
Cash + ST InvestmentsLiquidity on hand
$34.0M
$233.0M
Total DebtLower is stronger
$665.0M
Stockholders' EquityBook value
$616.8M
$685.0M
Total Assets
$2.1B
$2.4B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAL
CAL
CNDT
CNDT
Q4 25
$34.0M
$233.0M
Q3 25
$191.5M
$248.0M
Q2 25
$33.1M
$275.0M
Q1 25
$29.6M
$277.0M
Q4 24
$33.7M
$366.0M
Q3 24
$51.8M
$393.0M
Q2 24
$30.7M
$300.0M
Q1 24
$21.4M
$415.0M
Total Debt
CAL
CAL
CNDT
CNDT
Q4 25
$665.0M
Q3 25
Q2 25
Q1 25
Q4 24
$615.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CAL
CAL
CNDT
CNDT
Q4 25
$616.8M
$685.0M
Q3 25
$613.3M
$717.0M
Q2 25
$605.2M
$777.0M
Q1 25
$599.0M
$800.0M
Q4 24
$598.3M
$839.0M
Q3 24
$606.1M
$877.0M
Q2 24
$570.3M
$751.0M
Q1 24
$560.6M
$701.0M
Total Assets
CAL
CAL
CNDT
CNDT
Q4 25
$2.1B
$2.4B
Q3 25
$2.2B
$2.5B
Q2 25
$1.9B
$2.5B
Q1 25
$1.9B
$2.5B
Q4 24
$2.0B
$2.6B
Q3 24
$2.0B
$2.8B
Q2 24
$1.9B
$2.8B
Q1 24
$1.8B
$3.1B
Debt / Equity
CAL
CAL
CNDT
CNDT
Q4 25
0.97×
Q3 25
Q2 25
Q1 25
Q4 24
0.73×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CAL
CAL
CNDT
CNDT
Operating Cash FlowLast quarter
$-1.2M
$39.0M
Free Cash FlowOCF − Capex
$-12.4M
$24.0M
FCF MarginFCF / Revenue
-1.6%
3.1%
Capex IntensityCapex / Revenue
1.4%
1.9%
Cash ConversionOCF / Net Profit
-0.50×
TTM Free Cash FlowTrailing 4 quarters
$14.4M
$-132.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAL
CAL
CNDT
CNDT
Q4 25
$-1.2M
$39.0M
Q3 25
$47.3M
$-39.0M
Q2 25
$-5.7M
$-15.0M
Q1 25
$28.7M
$-58.0M
Q4 24
$-39.8M
$41.0M
Q3 24
$79.6M
$-13.0M
Q2 24
$36.1M
$-41.0M
Q1 24
$43.0M
$-37.0M
Free Cash Flow
CAL
CAL
CNDT
CNDT
Q4 25
$-12.4M
$24.0M
Q3 25
$35.0M
$-54.0M
Q2 25
$-26.2M
$-30.0M
Q1 25
$18.0M
$-72.0M
Q4 24
$-57.4M
$30.0M
Q3 24
$68.5M
$-21.0M
Q2 24
$26.3M
$-59.0M
Q1 24
$32.4M
$-50.0M
FCF Margin
CAL
CAL
CNDT
CNDT
Q4 25
-1.6%
3.1%
Q3 25
5.3%
-7.0%
Q2 25
-4.3%
-4.0%
Q1 25
2.8%
-9.6%
Q4 24
-7.7%
3.8%
Q3 24
10.0%
-2.6%
Q2 24
4.0%
-7.1%
Q1 24
4.6%
-5.4%
Capex Intensity
CAL
CAL
CNDT
CNDT
Q4 25
1.4%
1.9%
Q3 25
1.9%
2.0%
Q2 25
3.3%
2.0%
Q1 25
1.7%
1.9%
Q4 24
2.4%
1.4%
Q3 24
1.6%
1.0%
Q2 24
1.5%
2.2%
Q1 24
1.5%
1.4%
Cash Conversion
CAL
CAL
CNDT
CNDT
Q4 25
-0.50×
Q3 25
7.05×
Q2 25
-0.81×
Q1 25
5.82×
Q4 24
-0.96×
Q3 24
2.66×
-0.11×
Q2 24
1.17×
-0.19×
Q1 24
0.77×
-0.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

CNDT
CNDT

Government Segment$230.0M30%
Integrated Digital Solutions$134.0M17%
Customer Experience Management$127.0M16%
B Paa S$116.0M15%
Government Services Solutions$93.0M12%
Transferred At Point In Time$36.0M5%
Other$34.0M4%

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