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

CALERES INC is the larger business by last-quarter revenue ($790.1M vs $781.9M, roughly 1.0× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 0.3%, a 48.6% gap on every dollar of revenue. On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs 2.0%). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs 3.4%).

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.

Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.

CAL vs EQR — Head-to-Head

Bigger by revenue
CAL
CAL
1.0× larger
CAL
$790.1M
$781.9M
EQR
Growing faster (revenue YoY)
CAL
CAL
+4.7% gap
CAL
6.6%
2.0%
EQR
Higher net margin
EQR
EQR
48.6% more per $
EQR
48.9%
0.3%
CAL
Faster 2-yr revenue CAGR
CAL
CAL
Annualised
CAL
6.5%
3.4%
EQR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CAL
CAL
EQR
EQR
Revenue
$790.1M
$781.9M
Net Profit
$2.4M
$382.1M
Gross Margin
41.8%
Operating Margin
1.5%
50.6%
Net Margin
0.3%
48.9%
Revenue YoY
6.6%
2.0%
Net Profit YoY
-94.2%
-8.8%
EPS (diluted)
$0.07
$1.01

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
EQR
EQR
Q4 25
$790.1M
$781.9M
Q3 25
$658.5M
$782.4M
Q2 25
$614.2M
$768.8M
Q1 25
$639.2M
$760.8M
Q4 24
$740.9M
$766.8M
Q3 24
$683.3M
$748.3M
Q2 24
$659.2M
$734.2M
Q1 24
$697.1M
$730.8M
Net Profit
CAL
CAL
EQR
EQR
Q4 25
$2.4M
$382.1M
Q3 25
$6.7M
$289.1M
Q2 25
$6.9M
$192.4M
Q1 25
$4.9M
$256.6M
Q4 24
$41.4M
$419.1M
Q3 24
$30.0M
$143.4M
Q2 24
$30.9M
$177.5M
Q1 24
$55.7M
$295.8M
Gross Margin
CAL
CAL
EQR
EQR
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
EQR
EQR
Q4 25
1.5%
50.6%
Q3 25
1.4%
38.5%
Q2 25
1.9%
26.6%
Q1 25
1.2%
35.7%
Q4 24
7.7%
57.2%
Q3 24
6.2%
20.1%
Q2 24
6.5%
25.3%
Q1 24
4.4%
42.0%
Net Margin
CAL
CAL
EQR
EQR
Q4 25
0.3%
48.9%
Q3 25
1.0%
36.9%
Q2 25
1.1%
25.0%
Q1 25
0.8%
33.7%
Q4 24
5.6%
54.7%
Q3 24
4.4%
19.2%
Q2 24
4.7%
24.2%
Q1 24
8.0%
40.5%
EPS (diluted)
CAL
CAL
EQR
EQR
Q4 25
$0.07
$1.01
Q3 25
$0.20
$0.76
Q2 25
$0.21
$0.50
Q1 25
$0.17
$0.67
Q4 24
$1.19
$1.10
Q3 24
$0.85
$0.38
Q2 24
$0.88
$0.47
Q1 24
$1.56
$0.77

Balance Sheet & Financial Strength

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

Metric
CAL
CAL
EQR
EQR
Cash + ST InvestmentsLiquidity on hand
$34.0M
$55.9M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$616.8M
$11.0B
Total Assets
$2.1B
$20.7B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAL
CAL
EQR
EQR
Q4 25
$34.0M
$55.9M
Q3 25
$191.5M
$93.1M
Q2 25
$33.1M
$31.3M
Q1 25
$29.6M
$39.8M
Q4 24
$33.7M
$62.3M
Q3 24
$51.8M
$28.6M
Q2 24
$30.7M
$38.3M
Q1 24
$21.4M
$44.5M
Total Debt
CAL
CAL
EQR
EQR
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CAL
CAL
EQR
EQR
Q4 25
$616.8M
$11.0B
Q3 25
$613.3M
$11.1B
Q2 25
$605.2M
$11.0B
Q1 25
$599.0M
$11.0B
Q4 24
$598.3M
$11.0B
Q3 24
$606.1M
$10.9B
Q2 24
$570.3M
$11.0B
Q1 24
$560.6M
$11.1B
Total Assets
CAL
CAL
EQR
EQR
Q4 25
$2.1B
$20.7B
Q3 25
$2.2B
$21.1B
Q2 25
$1.9B
$21.0B
Q1 25
$1.9B
$20.6B
Q4 24
$2.0B
$20.8B
Q3 24
$2.0B
$20.9B
Q2 24
$1.9B
$19.8B
Q1 24
$1.8B
$19.9B
Debt / Equity
CAL
CAL
EQR
EQR
Q4 25
0.75×
Q3 25
Q2 25
Q1 25
Q4 24
0.74×
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
EQR
EQR
Operating Cash FlowLast quarter
$-1.2M
$387.0M
Free Cash FlowOCF − Capex
$-12.4M
FCF MarginFCF / Revenue
-1.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
-0.50×
1.01×
TTM Free Cash FlowTrailing 4 quarters
$14.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAL
CAL
EQR
EQR
Q4 25
$-1.2M
$387.0M
Q3 25
$47.3M
$476.7M
Q2 25
$-5.7M
$359.5M
Q1 25
$28.7M
$425.5M
Q4 24
$-39.8M
$354.2M
Q3 24
$79.6M
$401.4M
Q2 24
$36.1M
$396.9M
Q1 24
$43.0M
$421.0M
Free Cash Flow
CAL
CAL
EQR
EQR
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
FCF Margin
CAL
CAL
EQR
EQR
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%
Capex Intensity
CAL
CAL
EQR
EQR
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%
Cash Conversion
CAL
CAL
EQR
EQR
Q4 25
-0.50×
1.01×
Q3 25
7.05×
1.65×
Q2 25
-0.81×
1.87×
Q1 25
5.82×
1.66×
Q4 24
-0.96×
0.85×
Q3 24
2.66×
2.80×
Q2 24
1.17×
2.24×
Q1 24
0.77×
1.42×

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%

EQR
EQR

Segment breakdown not available.

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