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Side-by-side financial comparison of CALERES INC (CAL) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $553.7M, roughly 1.4× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 6.6%). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs 0.7%).
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.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
CAL vs MAA — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $553.7M |
| Net Profit | $2.4M | — |
| Gross Margin | 41.8% | — |
| Operating Margin | 1.5% | — |
| Net Margin | 0.3% | — |
| Revenue YoY | 6.6% | 438.7% |
| Net Profit YoY | -94.2% | — |
| EPS (diluted) | $0.07 | $4.34 |
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 | — | $553.7M | ||
| Q4 25 | $790.1M | $555.6M | ||
| Q3 25 | $658.5M | $554.4M | ||
| Q2 25 | $614.2M | $549.9M | ||
| Q1 25 | $639.2M | $549.3M | ||
| Q4 24 | $740.9M | $549.8M | ||
| Q3 24 | $683.3M | $551.1M | ||
| Q2 24 | $659.2M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4M | $57.6M | ||
| Q3 25 | $6.7M | $99.5M | ||
| Q2 25 | $6.9M | $108.1M | ||
| Q1 25 | $4.9M | $181.7M | ||
| Q4 24 | $41.4M | $166.6M | ||
| Q3 24 | $30.0M | $115.2M | ||
| Q2 24 | $30.9M | $102.0M |
| 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 | — | — | ||
| Q4 25 | 1.5% | 10.4% | ||
| Q3 25 | 1.4% | 18.7% | ||
| Q2 25 | 1.9% | 20.2% | ||
| Q1 25 | 1.2% | 34.0% | ||
| Q4 24 | 7.7% | 31.3% | ||
| Q3 24 | 6.2% | 21.5% | ||
| Q2 24 | 6.5% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 10.4% | ||
| Q3 25 | 1.0% | 18.0% | ||
| Q2 25 | 1.1% | 19.7% | ||
| Q1 25 | 0.8% | 33.1% | ||
| Q4 24 | 5.6% | 30.3% | ||
| Q3 24 | 4.4% | 20.9% | ||
| Q2 24 | 4.7% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $0.07 | $0.48 | ||
| Q3 25 | $0.20 | $0.84 | ||
| Q2 25 | $0.21 | $0.92 | ||
| Q1 25 | $0.17 | $1.54 | ||
| Q4 24 | $1.19 | $1.43 | ||
| Q3 24 | $0.85 | $0.98 | ||
| Q2 24 | $0.88 | $0.86 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $616.8M | — |
| Total Assets | $2.1B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $34.0M | $60.3M | ||
| Q3 25 | $191.5M | $32.2M | ||
| Q2 25 | $33.1M | $54.5M | ||
| Q1 25 | $29.6M | $55.8M | ||
| Q4 24 | $33.7M | $43.0M | ||
| Q3 24 | $51.8M | $50.2M | ||
| Q2 24 | $30.7M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $616.8M | $5.7B | ||
| Q3 25 | $613.3M | $5.8B | ||
| Q2 25 | $605.2M | $5.9B | ||
| Q1 25 | $599.0M | $5.9B | ||
| Q4 24 | $598.3M | $5.9B | ||
| Q3 24 | $606.1M | $5.9B | ||
| Q2 24 | $570.3M | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $12.0B | ||
| Q3 25 | $2.2B | $11.9B | ||
| Q2 25 | $1.9B | $11.8B | ||
| Q1 25 | $1.9B | $11.8B | ||
| Q4 24 | $2.0B | $11.8B | ||
| Q3 24 | $2.0B | $11.8B | ||
| Q2 24 | $1.9B | $11.6B |
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 | $261.7M | ||
| Q3 25 | $47.3M | $266.4M | ||
| Q2 25 | $-5.7M | $353.4M | ||
| Q1 25 | $28.7M | $196.6M | ||
| Q4 24 | $-39.8M | $239.1M | ||
| Q3 24 | $79.6M | $309.5M | ||
| Q2 24 | $36.1M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $158.6M | ||
| Q3 25 | $35.0M | $170.8M | ||
| Q2 25 | $-26.2M | $264.5M | ||
| Q1 25 | $18.0M | $124.0M | ||
| Q4 24 | $-57.4M | $152.6M | ||
| Q3 24 | $68.5M | $215.5M | ||
| Q2 24 | $26.3M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 28.5% | ||
| Q3 25 | 5.3% | 30.8% | ||
| Q2 25 | -4.3% | 48.1% | ||
| Q1 25 | 2.8% | 22.6% | ||
| Q4 24 | -7.7% | 27.8% | ||
| Q3 24 | 10.0% | 39.1% | ||
| Q2 24 | 4.0% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 18.6% | ||
| Q3 25 | 1.9% | 17.2% | ||
| Q2 25 | 3.3% | 16.2% | ||
| Q1 25 | 1.7% | 13.2% | ||
| Q4 24 | 2.4% | 15.7% | ||
| Q3 24 | 1.6% | 17.1% | ||
| Q2 24 | 1.5% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | -0.50× | 4.55× | ||
| Q3 25 | 7.05× | 2.68× | ||
| Q2 25 | -0.81× | 3.27× | ||
| Q1 25 | 5.82× | 1.08× | ||
| Q4 24 | -0.96× | 1.43× | ||
| Q3 24 | 2.66× | 2.69× | ||
| Q2 24 | 1.17× | 3.43× |
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% |
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
