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Side-by-side financial comparison of CALERES INC (CAL) and DARLING INGREDIENTS INC. (DAR). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $790.1M, roughly 2.0× CALERES INC). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs 0.3%, a 0.9% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 6.6%). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs -1.6%).
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.
Darling Ingredients Inc. is a global sustainable natural ingredients maker that converts edible and inedible organic byproducts into high-value products: food-grade nutritional ingredients, animal feed additives, pharmaceutical raw materials and biofuel components, serving food, agriculture, pharma and renewable energy markets across North America, Europe and Asia-Pacific.
CAL vs DAR — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $1.6B |
| Net Profit | $2.4M | $19.4M |
| Gross Margin | 41.8% | 24.7% |
| Operating Margin | 1.5% | 4.6% |
| Net Margin | 0.3% | 1.2% |
| Revenue YoY | 6.6% | 10.0% |
| Net Profit YoY | -94.2% | 14.2% |
| EPS (diluted) | $0.07 | $0.12 |
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 | $790.1M | — | ||
| Q3 25 | $658.5M | $1.6B | ||
| Q2 25 | $614.2M | $1.5B | ||
| Q1 25 | $639.2M | $1.4B | ||
| Q4 24 | $740.9M | $1.4B | ||
| Q3 24 | $683.3M | $1.4B | ||
| Q2 24 | $659.2M | $1.5B | ||
| Q1 24 | $697.1M | $1.4B |
| Q4 25 | $2.4M | — | ||
| Q3 25 | $6.7M | $19.4M | ||
| Q2 25 | $6.9M | $12.7M | ||
| Q1 25 | $4.9M | $-26.2M | ||
| Q4 24 | $41.4M | $101.9M | ||
| Q3 24 | $30.0M | $16.9M | ||
| Q2 24 | $30.9M | $78.9M | ||
| Q1 24 | $55.7M | $81.2M |
| Q4 25 | 41.8% | — | ||
| Q3 25 | 43.4% | 24.7% | ||
| Q2 25 | 45.4% | 23.3% | ||
| Q1 25 | 43.0% | 22.6% | ||
| Q4 24 | 44.1% | 23.5% | ||
| Q3 24 | 45.5% | 22.1% | ||
| Q2 24 | 46.9% | 22.5% | ||
| Q1 24 | 43.9% | 21.4% |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.4% | 4.6% | ||
| Q2 25 | 1.9% | 5.1% | ||
| Q1 25 | 1.2% | 2.1% | ||
| Q4 24 | 7.7% | 8.6% | ||
| Q3 24 | 6.2% | 4.2% | ||
| Q2 24 | 6.5% | 10.2% | ||
| Q1 24 | 4.4% | 9.7% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.0% | 1.2% | ||
| Q2 25 | 1.1% | 0.9% | ||
| Q1 25 | 0.8% | -1.9% | ||
| Q4 24 | 5.6% | 7.2% | ||
| Q3 24 | 4.4% | 1.2% | ||
| Q2 24 | 4.7% | 5.4% | ||
| Q1 24 | 8.0% | 5.7% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.20 | $0.12 | ||
| Q2 25 | $0.21 | $0.08 | ||
| Q1 25 | $0.17 | $-0.16 | ||
| Q4 24 | $1.19 | $0.63 | ||
| Q3 24 | $0.85 | $0.11 | ||
| Q2 24 | $0.88 | $0.49 | ||
| Q1 24 | $1.56 | $0.50 |
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 | $91.5M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $616.8M | $4.7B |
| Total Assets | $2.1B | $10.5B |
| Debt / EquityLower = less leverage | — | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | — | ||
| Q3 25 | $191.5M | $91.5M | ||
| Q2 25 | $33.1M | $94.6M | ||
| Q1 25 | $29.6M | $81.5M | ||
| Q4 24 | $33.7M | $76.0M | ||
| Q3 24 | $51.8M | $114.8M | ||
| Q2 24 | $30.7M | $121.6M | ||
| Q1 24 | $21.4M | $145.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $616.8M | — | ||
| Q3 25 | $613.3M | $4.7B | ||
| Q2 25 | $605.2M | $4.6B | ||
| Q1 25 | $599.0M | $4.4B | ||
| Q4 24 | $598.3M | $4.4B | ||
| Q3 24 | $606.1M | $4.6B | ||
| Q2 24 | $570.3M | $4.5B | ||
| Q1 24 | $560.6M | $4.6B |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.2B | $10.5B | ||
| Q2 25 | $1.9B | $10.3B | ||
| Q1 25 | $1.9B | $10.0B | ||
| Q4 24 | $2.0B | $10.1B | ||
| Q3 24 | $2.0B | $10.6B | ||
| Q2 24 | $1.9B | $10.6B | ||
| Q1 24 | $1.8B | $10.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.95× |
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 | $224.3M |
| Free Cash FlowOCF − Capex | $-12.4M | — |
| FCF MarginFCF / Revenue | -1.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | -0.50× | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $47.3M | $224.3M | ||
| Q2 25 | $-5.7M | $145.8M | ||
| Q1 25 | $28.7M | $249.0M | ||
| Q4 24 | $-39.8M | $154.4M | ||
| Q3 24 | $79.6M | $274.5M | ||
| Q2 24 | $36.1M | $146.5M | ||
| Q1 24 | $43.0M | $263.9M |
| Q4 25 | $-12.4M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $-26.2M | — | ||
| Q1 25 | $18.0M | — | ||
| Q4 24 | $-57.4M | — | ||
| Q3 24 | $68.5M | — | ||
| Q2 24 | $26.3M | — | ||
| Q1 24 | $32.4M | — |
| Q4 25 | -1.6% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | -4.3% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | -7.7% | — | ||
| Q3 24 | 10.0% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 4.6% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | -0.50× | — | ||
| Q3 25 | 7.05× | 11.59× | ||
| Q2 25 | -0.81× | 11.52× | ||
| Q1 25 | 5.82× | — | ||
| Q4 24 | -0.96× | 1.52× | ||
| Q3 24 | 2.66× | 16.19× | ||
| Q2 24 | 1.17× | 1.86× | ||
| Q1 24 | 0.77× | 3.25× |
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% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
