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Side-by-side financial comparison of CALERES INC (CAL) and ESAB Corp (ESAB). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $727.8M, roughly 1.1× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 0.3%, a 7.2% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 6.6%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-12.4M). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs 2.8%).
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.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
CAL vs ESAB — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $727.8M |
| Net Profit | $2.4M | $54.8M |
| Gross Margin | 41.8% | 37.0% |
| Operating Margin | 1.5% | 14.6% |
| Net Margin | 0.3% | 7.5% |
| Revenue YoY | 6.6% | 8.5% |
| Net Profit YoY | -94.2% | 2.1% |
| EPS (diluted) | $0.07 | $0.90 |
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 | $727.8M | ||
| Q3 25 | $658.5M | $715.6M | ||
| Q2 25 | $614.2M | $678.1M | ||
| Q1 25 | $639.2M | — | ||
| Q4 24 | $740.9M | $670.8M | ||
| Q3 24 | $683.3M | $673.3M | ||
| Q2 24 | $659.2M | $707.1M | ||
| Q1 24 | $697.1M | $689.7M |
| Q4 25 | $2.4M | $54.8M | ||
| Q3 25 | $6.7M | $66.9M | ||
| Q2 25 | $6.9M | $67.4M | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | $41.4M | $53.7M | ||
| Q3 24 | $30.0M | $68.2M | ||
| Q2 24 | $30.9M | $82.9M | ||
| Q1 24 | $55.7M | $60.0M |
| Q4 25 | 41.8% | 37.0% | ||
| Q3 25 | 43.4% | 37.2% | ||
| Q2 25 | 45.4% | 37.6% | ||
| Q1 25 | 43.0% | — | ||
| Q4 24 | 44.1% | 38.5% | ||
| Q3 24 | 45.5% | 37.7% | ||
| Q2 24 | 46.9% | 38.2% | ||
| Q1 24 | 43.9% | 37.0% |
| Q4 25 | 1.5% | 14.6% | ||
| Q3 25 | 1.4% | 15.2% | ||
| Q2 25 | 1.9% | 16.2% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 7.7% | 16.6% | ||
| Q3 24 | 6.2% | 15.7% | ||
| Q2 24 | 6.5% | 16.9% | ||
| Q1 24 | 4.4% | 16.0% |
| Q4 25 | 0.3% | 7.5% | ||
| Q3 25 | 1.0% | 9.3% | ||
| Q2 25 | 1.1% | 9.9% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 5.6% | 8.0% | ||
| Q3 24 | 4.4% | 10.1% | ||
| Q2 24 | 4.7% | 11.7% | ||
| Q1 24 | 8.0% | 8.7% |
| Q4 25 | $0.07 | $0.90 | ||
| Q3 25 | $0.20 | $1.09 | ||
| Q2 25 | $0.21 | $1.10 | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $1.19 | $0.87 | ||
| Q3 24 | $0.85 | $1.11 | ||
| Q2 24 | $0.88 | $1.35 | ||
| Q1 24 | $1.56 | $0.98 |
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 | $218.2M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $616.8M | $2.1B |
| Total Assets | $2.1B | $4.9B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $218.2M | ||
| Q3 25 | $191.5M | $258.2M | ||
| Q2 25 | $33.1M | $291.3M | ||
| Q1 25 | $29.6M | — | ||
| Q4 24 | $33.7M | $249.4M | ||
| Q3 24 | $51.8M | $253.7M | ||
| Q2 24 | $30.7M | $228.5M | ||
| Q1 24 | $21.4M | $76.5M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $992.8M |
| Q4 25 | $616.8M | $2.1B | ||
| Q3 25 | $613.3M | $2.1B | ||
| Q2 25 | $605.2M | $1.9B | ||
| Q1 25 | $599.0M | — | ||
| Q4 24 | $598.3M | $1.8B | ||
| Q3 24 | $606.1M | $1.8B | ||
| Q2 24 | $570.3M | $1.7B | ||
| Q1 24 | $560.6M | $1.6B |
| Q4 25 | $2.1B | $4.9B | ||
| Q3 25 | $2.2B | $4.4B | ||
| Q2 25 | $1.9B | $4.2B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.0B | $4.0B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $1.9B | $4.0B | ||
| Q1 24 | $1.8B | $3.8B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.61× |
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 | $81.5M |
| Free Cash FlowOCF − Capex | $-12.4M | $70.3M |
| FCF MarginFCF / Revenue | -1.6% | 9.7% |
| Capex IntensityCapex / Revenue | 1.4% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.50× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $81.5M | ||
| Q3 25 | $47.3M | $46.6M | ||
| Q2 25 | $-5.7M | $35.4M | ||
| Q1 25 | $28.7M | — | ||
| Q4 24 | $-39.8M | $126.9M | ||
| Q3 24 | $79.6M | $101.0M | ||
| Q2 24 | $36.1M | $83.0M | ||
| Q1 24 | $43.0M | $44.5M |
| Q4 25 | $-12.4M | $70.3M | ||
| Q3 25 | $35.0M | $37.4M | ||
| Q2 25 | $-26.2M | $28.1M | ||
| Q1 25 | $18.0M | — | ||
| Q4 24 | $-57.4M | $102.2M | ||
| Q3 24 | $68.5M | $90.4M | ||
| Q2 24 | $26.3M | $74.0M | ||
| Q1 24 | $32.4M | $37.1M |
| Q4 25 | -1.6% | 9.7% | ||
| Q3 25 | 5.3% | 5.2% | ||
| Q2 25 | -4.3% | 4.1% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | -7.7% | 15.2% | ||
| Q3 24 | 10.0% | 13.4% | ||
| Q2 24 | 4.0% | 10.5% | ||
| Q1 24 | 4.6% | 5.4% |
| Q4 25 | 1.4% | 1.5% | ||
| Q3 25 | 1.9% | 1.3% | ||
| Q2 25 | 3.3% | 1.1% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 2.4% | 3.7% | ||
| Q3 24 | 1.6% | 1.6% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 1.5% | 1.1% |
| Q4 25 | -0.50× | 1.49× | ||
| Q3 25 | 7.05× | 0.70× | ||
| Q2 25 | -0.81× | 0.53× | ||
| Q1 25 | 5.82× | — | ||
| Q4 24 | -0.96× | 2.36× | ||
| Q3 24 | 2.66× | 1.48× | ||
| Q2 24 | 1.17× | 1.00× | ||
| Q1 24 | 0.77× | 0.74× |
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
