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Side-by-side financial comparison of CALERES INC (CAL) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $420.0M, roughly 1.9× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 0.3%, a 56.7% gap on every dollar of revenue. On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs 6.3%). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs 5.0%).
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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
CAL vs GLPI — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $420.0M |
| Net Profit | $2.4M | $239.4M |
| Gross Margin | 41.8% | — |
| Operating Margin | 1.5% | 79.4% |
| Net Margin | 0.3% | 57.0% |
| Revenue YoY | 6.6% | 6.3% |
| Net Profit YoY | -94.2% | 40.5% |
| EPS (diluted) | $0.07 | — |
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.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $790.1M | $407.0M | ||
| Q3 25 | $658.5M | $397.6M | ||
| Q2 25 | $614.2M | $394.9M | ||
| Q1 25 | $639.2M | $395.2M | ||
| Q4 24 | $740.9M | $389.6M | ||
| Q3 24 | $683.3M | $385.3M | ||
| Q2 24 | $659.2M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $2.4M | $275.4M | ||
| Q3 25 | $6.7M | $241.2M | ||
| Q2 25 | $6.9M | $151.4M | ||
| Q1 25 | $4.9M | $165.2M | ||
| Q4 24 | $41.4M | $223.6M | ||
| Q3 24 | $30.0M | $184.7M | ||
| Q2 24 | $30.9M | $208.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 79.4% | ||
| Q4 25 | 1.5% | 89.3% | ||
| Q3 25 | 1.4% | 84.8% | ||
| Q2 25 | 1.9% | 61.3% | ||
| Q1 25 | 1.2% | 65.5% | ||
| Q4 24 | 7.7% | 79.1% | ||
| Q3 24 | 6.2% | 70.4% | ||
| Q2 24 | 6.5% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 0.3% | 67.6% | ||
| Q3 25 | 1.0% | 60.7% | ||
| Q2 25 | 1.1% | 38.4% | ||
| Q1 25 | 0.8% | 41.8% | ||
| Q4 24 | 5.6% | 57.4% | ||
| Q3 24 | 4.4% | 47.9% | ||
| Q2 24 | 4.7% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.07 | $0.96 | ||
| Q3 25 | $0.20 | $0.85 | ||
| Q2 25 | $0.21 | $0.54 | ||
| Q1 25 | $0.17 | $0.60 | ||
| Q4 24 | $1.19 | $0.79 | ||
| Q3 24 | $0.85 | $0.67 | ||
| Q2 24 | $0.88 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $616.8M | $5.0B |
| Total Assets | $2.1B | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $34.0M | — | ||
| Q3 25 | $191.5M | — | ||
| Q2 25 | $33.1M | — | ||
| Q1 25 | $29.6M | — | ||
| Q4 24 | $33.7M | $560.8M | ||
| Q3 24 | $51.8M | $560.8M | ||
| Q2 24 | $30.7M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $616.8M | $4.6B | ||
| Q3 25 | $613.3M | $4.6B | ||
| Q2 25 | $605.2M | $4.6B | ||
| Q1 25 | $599.0M | $4.2B | ||
| Q4 24 | $598.3M | $4.3B | ||
| Q3 24 | $606.1M | $4.3B | ||
| Q2 24 | $570.3M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $2.1B | $12.9B | ||
| Q3 25 | $2.2B | $12.8B | ||
| Q2 25 | $1.9B | $12.5B | ||
| Q1 25 | $1.9B | $12.1B | ||
| Q4 24 | $2.0B | $13.1B | ||
| Q3 24 | $2.0B | $12.7B | ||
| Q2 24 | $1.9B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | — |
| Free Cash FlowOCF − Capex | $-12.4M | — |
| FCF MarginFCF / Revenue | -1.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-1.2M | $1.1B | ||
| Q3 25 | $47.3M | $240.3M | ||
| Q2 25 | $-5.7M | $293.4M | ||
| Q1 25 | $28.7M | $252.5M | ||
| Q4 24 | $-39.8M | $1.1B | ||
| Q3 24 | $79.6M | $270.4M | ||
| Q2 24 | $36.1M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | — | ||
| Q3 25 | $35.0M | $183.0M | ||
| Q2 25 | $-26.2M | $272.3M | ||
| Q1 25 | $18.0M | $239.6M | ||
| Q4 24 | $-57.4M | $1.1B | ||
| Q3 24 | $68.5M | $261.5M | ||
| Q2 24 | $26.3M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | — | ||
| Q3 25 | 5.3% | 46.0% | ||
| Q2 25 | -4.3% | 69.0% | ||
| Q1 25 | 2.8% | 60.6% | ||
| Q4 24 | -7.7% | 275.3% | ||
| Q3 24 | 10.0% | 67.9% | ||
| Q2 24 | 4.0% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.9% | 14.4% | ||
| Q2 25 | 3.3% | 5.3% | ||
| Q1 25 | 1.7% | 3.3% | ||
| Q4 24 | 2.4% | 0.0% | ||
| Q3 24 | 1.6% | 2.3% | ||
| Q2 24 | 1.5% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | -0.50× | 4.10× | ||
| Q3 25 | 7.05× | 1.00× | ||
| Q2 25 | -0.81× | 1.94× | ||
| Q1 25 | 5.82× | 1.53× | ||
| Q4 24 | -0.96× | 4.80× | ||
| Q3 24 | 2.66× | 1.46× | ||
| Q2 24 | 1.17× | 1.21× |
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% |
GLPI
Segment breakdown not available.
