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Side-by-side financial comparison of CALERES INC (CAL) and FEDERAL SIGNAL CORP (FSS). Click either name above to swap in a different company.

CALERES INC is the larger business by last-quarter revenue ($790.1M vs $597.1M, roughly 1.3× FEDERAL SIGNAL CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 0.3%, a 9.9% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 6.6%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $-12.4M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 6.5%).

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.

The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.

CAL vs FSS — Head-to-Head

Bigger by revenue
CAL
CAL
1.3× larger
CAL
$790.1M
$597.1M
FSS
Growing faster (revenue YoY)
FSS
FSS
+19.9% gap
FSS
26.5%
6.6%
CAL
Higher net margin
FSS
FSS
9.9% more per $
FSS
10.2%
0.3%
CAL
More free cash flow
FSS
FSS
$101.9M more FCF
FSS
$89.5M
$-12.4M
CAL
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
6.5%
CAL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CAL
CAL
FSS
FSS
Revenue
$790.1M
$597.1M
Net Profit
$2.4M
$60.8M
Gross Margin
41.8%
28.4%
Operating Margin
1.5%
14.0%
Net Margin
0.3%
10.2%
Revenue YoY
6.6%
26.5%
Net Profit YoY
-94.2%
21.6%
EPS (diluted)
$0.07
$0.99

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
FSS
FSS
Q4 25
$790.1M
$597.1M
Q3 25
$658.5M
$555.0M
Q2 25
$614.2M
$564.6M
Q1 25
$639.2M
$463.8M
Q4 24
$740.9M
$472.0M
Q3 24
$683.3M
$474.2M
Q2 24
$659.2M
$490.4M
Q1 24
$697.1M
$424.9M
Net Profit
CAL
CAL
FSS
FSS
Q4 25
$2.4M
$60.8M
Q3 25
$6.7M
$68.1M
Q2 25
$6.9M
$71.4M
Q1 25
$4.9M
$46.3M
Q4 24
$41.4M
$50.0M
Q3 24
$30.0M
$53.9M
Q2 24
$30.9M
$60.8M
Q1 24
$55.7M
$51.6M
Gross Margin
CAL
CAL
FSS
FSS
Q4 25
41.8%
28.4%
Q3 25
43.4%
29.1%
Q2 25
45.4%
30.0%
Q1 25
43.0%
28.2%
Q4 24
44.1%
28.1%
Q3 24
45.5%
29.6%
Q2 24
46.9%
29.4%
Q1 24
43.9%
27.3%
Operating Margin
CAL
CAL
FSS
FSS
Q4 25
1.5%
14.0%
Q3 25
1.4%
16.9%
Q2 25
1.9%
17.3%
Q1 25
1.2%
14.2%
Q4 24
7.7%
14.9%
Q3 24
6.2%
16.0%
Q2 24
6.5%
16.5%
Q1 24
4.4%
12.8%
Net Margin
CAL
CAL
FSS
FSS
Q4 25
0.3%
10.2%
Q3 25
1.0%
12.3%
Q2 25
1.1%
12.6%
Q1 25
0.8%
10.0%
Q4 24
5.6%
10.6%
Q3 24
4.4%
11.4%
Q2 24
4.7%
12.4%
Q1 24
8.0%
12.1%
EPS (diluted)
CAL
CAL
FSS
FSS
Q4 25
$0.07
$0.99
Q3 25
$0.20
$1.11
Q2 25
$0.21
$1.16
Q1 25
$0.17
$0.75
Q4 24
$1.19
$0.80
Q3 24
$0.85
$0.87
Q2 24
$0.88
$0.99
Q1 24
$1.56
$0.84

Balance Sheet & Financial Strength

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

Metric
CAL
CAL
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$34.0M
$63.7M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$616.8M
$1.4B
Total Assets
$2.1B
$2.4B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAL
CAL
FSS
FSS
Q4 25
$34.0M
$63.7M
Q3 25
$191.5M
$54.4M
Q2 25
$33.1M
$64.7M
Q1 25
$29.6M
$57.5M
Q4 24
$33.7M
$91.1M
Q3 24
$51.8M
$73.7M
Q2 24
$30.7M
$48.6M
Q1 24
$21.4M
$48.9M
Total Debt
CAL
CAL
FSS
FSS
Q4 25
$564.6M
Q3 25
$201.2M
Q2 25
$258.3M
Q1 25
$266.9M
Q4 24
$204.4M
Q3 24
$223.3M
Q2 24
$248.8M
Q1 24
$266.8M
Stockholders' Equity
CAL
CAL
FSS
FSS
Q4 25
$616.8M
$1.4B
Q3 25
$613.3M
$1.3B
Q2 25
$605.2M
$1.3B
Q1 25
$599.0M
$1.2B
Q4 24
$598.3M
$1.2B
Q3 24
$606.1M
$1.1B
Q2 24
$570.3M
$1.1B
Q1 24
$560.6M
$1.0B
Total Assets
CAL
CAL
FSS
FSS
Q4 25
$2.1B
$2.4B
Q3 25
$2.2B
$1.9B
Q2 25
$1.9B
$1.9B
Q1 25
$1.9B
$1.9B
Q4 24
$2.0B
$1.8B
Q3 24
$2.0B
$1.7B
Q2 24
$1.9B
$1.7B
Q1 24
$1.8B
$1.7B
Debt / Equity
CAL
CAL
FSS
FSS
Q4 25
0.41×
Q3 25
0.15×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.17×
Q3 24
0.19×
Q2 24
0.23×
Q1 24
0.26×

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
FSS
FSS
Operating Cash FlowLast quarter
$-1.2M
$97.2M
Free Cash FlowOCF − Capex
$-12.4M
$89.5M
FCF MarginFCF / Revenue
-1.6%
15.0%
Capex IntensityCapex / Revenue
1.4%
1.3%
Cash ConversionOCF / Net Profit
-0.50×
1.60×
TTM Free Cash FlowTrailing 4 quarters
$14.4M
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAL
CAL
FSS
FSS
Q4 25
$-1.2M
$97.2M
Q3 25
$47.3M
$61.1M
Q2 25
$-5.7M
$59.7M
Q1 25
$28.7M
$36.7M
Q4 24
$-39.8M
$90.6M
Q3 24
$79.6M
$68.8M
Q2 24
$36.1M
$40.6M
Q1 24
$43.0M
$31.3M
Free Cash Flow
CAL
CAL
FSS
FSS
Q4 25
$-12.4M
$89.5M
Q3 25
$35.0M
$54.1M
Q2 25
$-26.2M
$52.4M
Q1 25
$18.0M
$31.1M
Q4 24
$-57.4M
$82.1M
Q3 24
$68.5M
$60.9M
Q2 24
$26.3M
$24.8M
Q1 24
$32.4M
$22.9M
FCF Margin
CAL
CAL
FSS
FSS
Q4 25
-1.6%
15.0%
Q3 25
5.3%
9.7%
Q2 25
-4.3%
9.3%
Q1 25
2.8%
6.7%
Q4 24
-7.7%
17.4%
Q3 24
10.0%
12.8%
Q2 24
4.0%
5.1%
Q1 24
4.6%
5.4%
Capex Intensity
CAL
CAL
FSS
FSS
Q4 25
1.4%
1.3%
Q3 25
1.9%
1.3%
Q2 25
3.3%
1.3%
Q1 25
1.7%
1.2%
Q4 24
2.4%
1.8%
Q3 24
1.6%
1.7%
Q2 24
1.5%
3.2%
Q1 24
1.5%
2.0%
Cash Conversion
CAL
CAL
FSS
FSS
Q4 25
-0.50×
1.60×
Q3 25
7.05×
0.90×
Q2 25
-0.81×
0.84×
Q1 25
5.82×
0.79×
Q4 24
-0.96×
1.81×
Q3 24
2.66×
1.28×
Q2 24
1.17×
0.67×
Q1 24
0.77×
0.61×

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%

FSS
FSS

Vehiclesandequipment$403.4M68%
Parts$66.8M11%
Publicsafetyandsecurityequipment$62.2M10%
Rentalincome$19.0M3%
Industrialsignalingequipment$18.2M3%
Other$14.9M2%
Warningsystems$12.6M2%

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