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Side-by-side financial comparison of CALERES INC (CAL) and Circle Internet Group, Inc. (CRCL). Click either name above to swap in a different company.

CALERES INC is the larger business by last-quarter revenue ($790.1M vs $739.8M, roughly 1.1× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 0.3%, a 28.7% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 6.6%). CALERES INC produced more free cash flow last quarter ($-12.4M vs $-14.7M).

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.

Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.

CAL vs CRCL — Head-to-Head

Bigger by revenue
CAL
CAL
1.1× larger
CAL
$790.1M
$739.8M
CRCL
Growing faster (revenue YoY)
CRCL
CRCL
+5106.9% gap
CRCL
5113.5%
6.6%
CAL
Higher net margin
CRCL
CRCL
28.7% more per $
CRCL
29.0%
0.3%
CAL
More free cash flow
CAL
CAL
$2.4M more FCF
CAL
$-12.4M
$-14.7M
CRCL

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
CAL
CAL
CRCL
CRCL
Revenue
$790.1M
$739.8M
Net Profit
$2.4M
$214.4M
Gross Margin
41.8%
Operating Margin
1.5%
11.0%
Net Margin
0.3%
29.0%
Revenue YoY
6.6%
5113.5%
Net Profit YoY
-94.2%
202.0%
EPS (diluted)
$0.07
$0.64

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
CRCL
CRCL
Q4 25
$790.1M
Q3 25
$658.5M
$739.8M
Q2 25
$614.2M
$658.1M
Q1 25
$639.2M
Q4 24
$740.9M
Q3 24
$683.3M
Q2 24
$659.2M
$6.8M
Q1 24
$697.1M
Net Profit
CAL
CAL
CRCL
CRCL
Q4 25
$2.4M
Q3 25
$6.7M
$214.4M
Q2 25
$6.9M
$-482.1M
Q1 25
$4.9M
Q4 24
$41.4M
Q3 24
$30.0M
Q2 24
$30.9M
$32.9M
Q1 24
$55.7M
Gross Margin
CAL
CAL
CRCL
CRCL
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
CAL
CAL
CRCL
CRCL
Q4 25
1.5%
Q3 25
1.4%
11.0%
Q2 25
1.9%
-49.5%
Q1 25
1.2%
Q4 24
7.7%
Q3 24
6.2%
Q2 24
6.5%
Q1 24
4.4%
Net Margin
CAL
CAL
CRCL
CRCL
Q4 25
0.3%
Q3 25
1.0%
29.0%
Q2 25
1.1%
-73.3%
Q1 25
0.8%
Q4 24
5.6%
Q3 24
4.4%
Q2 24
4.7%
486.5%
Q1 24
8.0%
EPS (diluted)
CAL
CAL
CRCL
CRCL
Q4 25
$0.07
Q3 25
$0.20
$0.64
Q2 25
$0.21
$-4.48
Q1 25
$0.17
Q4 24
$1.19
Q3 24
$0.85
Q2 24
$0.88
$0.00
Q1 24
$1.56

Balance Sheet & Financial Strength

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

Metric
CAL
CAL
CRCL
CRCL
Cash + ST InvestmentsLiquidity on hand
$34.0M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$616.8M
$3.0B
Total Assets
$2.1B
$76.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAL
CAL
CRCL
CRCL
Q4 25
$34.0M
Q3 25
$191.5M
$1.3B
Q2 25
$33.1M
$1.1B
Q1 25
$29.6M
Q4 24
$33.7M
Q3 24
$51.8M
Q2 24
$30.7M
$457.5M
Q1 24
$21.4M
Stockholders' Equity
CAL
CAL
CRCL
CRCL
Q4 25
$616.8M
Q3 25
$613.3M
$3.0B
Q2 25
$605.2M
$2.4B
Q1 25
$599.0M
Q4 24
$598.3M
Q3 24
$606.1M
Q2 24
$570.3M
$460.9M
Q1 24
$560.6M
Total Assets
CAL
CAL
CRCL
CRCL
Q4 25
$2.1B
Q3 25
$2.2B
$76.8B
Q2 25
$1.9B
$64.2B
Q1 25
$1.9B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$1.9B
Q1 24
$1.8B

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
CRCL
CRCL
Operating Cash FlowLast quarter
$-1.2M
$-10.7M
Free Cash FlowOCF − Capex
$-12.4M
$-14.7M
FCF MarginFCF / Revenue
-1.6%
-2.0%
Capex IntensityCapex / Revenue
1.4%
0.5%
Cash ConversionOCF / Net Profit
-0.50×
-0.05×
TTM Free Cash FlowTrailing 4 quarters
$14.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAL
CAL
CRCL
CRCL
Q4 25
$-1.2M
Q3 25
$47.3M
$-10.7M
Q2 25
$-5.7M
$303.7M
Q1 25
$28.7M
Q4 24
$-39.8M
Q3 24
$79.6M
Q2 24
$36.1M
Q1 24
$43.0M
Free Cash Flow
CAL
CAL
CRCL
CRCL
Q4 25
$-12.4M
Q3 25
$35.0M
$-14.7M
Q2 25
$-26.2M
$296.3M
Q1 25
$18.0M
Q4 24
$-57.4M
Q3 24
$68.5M
Q2 24
$26.3M
Q1 24
$32.4M
FCF Margin
CAL
CAL
CRCL
CRCL
Q4 25
-1.6%
Q3 25
5.3%
-2.0%
Q2 25
-4.3%
45.0%
Q1 25
2.8%
Q4 24
-7.7%
Q3 24
10.0%
Q2 24
4.0%
Q1 24
4.6%
Capex Intensity
CAL
CAL
CRCL
CRCL
Q4 25
1.4%
Q3 25
1.9%
0.5%
Q2 25
3.3%
1.1%
Q1 25
1.7%
Q4 24
2.4%
Q3 24
1.6%
Q2 24
1.5%
Q1 24
1.5%
Cash Conversion
CAL
CAL
CRCL
CRCL
Q4 25
-0.50×
Q3 25
7.05×
-0.05×
Q2 25
-0.81×
Q1 25
5.82×
Q4 24
-0.96×
Q3 24
2.66×
Q2 24
1.17×
Q1 24
0.77×

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%

CRCL
CRCL

Segment breakdown not available.

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