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Side-by-side financial comparison of CALERES INC (CAL) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $790.1M, roughly 1.0× CALERES INC). CALERES INC runs the higher net margin — 0.3% vs -5.9%, a 6.2% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 6.6%). CALERES INC produced more free cash flow last quarter ($-12.4M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% 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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
CAL vs MOD — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $805.0M |
| Net Profit | $2.4M | $-47.4M |
| Gross Margin | 41.8% | 23.1% |
| Operating Margin | 1.5% | 11.1% |
| Net Margin | 0.3% | -5.9% |
| Revenue YoY | 6.6% | 30.5% |
| Net Profit YoY | -94.2% | -215.6% |
| 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 | $805.0M | ||
| Q3 25 | $658.5M | $738.9M | ||
| Q2 25 | $614.2M | $682.8M | ||
| Q1 25 | $639.2M | $647.2M | ||
| Q4 24 | $740.9M | $616.8M | ||
| Q3 24 | $683.3M | $658.0M | ||
| Q2 24 | $659.2M | $661.5M | ||
| Q1 24 | $697.1M | $603.5M |
| Q4 25 | $2.4M | $-47.4M | ||
| Q3 25 | $6.7M | $44.4M | ||
| Q2 25 | $6.9M | $51.2M | ||
| Q1 25 | $4.9M | $49.6M | ||
| Q4 24 | $41.4M | $41.0M | ||
| Q3 24 | $30.0M | $46.1M | ||
| Q2 24 | $30.9M | $47.3M | ||
| Q1 24 | $55.7M | $25.8M |
| Q4 25 | 41.8% | 23.1% | ||
| Q3 25 | 43.4% | 22.3% | ||
| Q2 25 | 45.4% | 24.2% | ||
| Q1 25 | 43.0% | 25.6% | ||
| Q4 24 | 44.1% | 24.3% | ||
| Q3 24 | 45.5% | 25.2% | ||
| Q2 24 | 46.9% | 24.6% | ||
| Q1 24 | 43.9% | 22.4% |
| Q4 25 | 1.5% | 11.1% | ||
| Q3 25 | 1.4% | 9.9% | ||
| Q2 25 | 1.9% | 11.1% | ||
| Q1 25 | 1.2% | 11.5% | ||
| Q4 24 | 7.7% | 9.6% | ||
| Q3 24 | 6.2% | 11.4% | ||
| Q2 24 | 6.5% | 11.2% | ||
| Q1 24 | 4.4% | 7.8% |
| Q4 25 | 0.3% | -5.9% | ||
| Q3 25 | 1.0% | 6.0% | ||
| Q2 25 | 1.1% | 7.5% | ||
| Q1 25 | 0.8% | 7.7% | ||
| Q4 24 | 5.6% | 6.6% | ||
| Q3 24 | 4.4% | 7.0% | ||
| Q2 24 | 4.7% | 7.2% | ||
| Q1 24 | 8.0% | 4.3% |
| Q4 25 | $0.07 | $-0.90 | ||
| Q3 25 | $0.20 | $0.83 | ||
| Q2 25 | $0.21 | $0.95 | ||
| Q1 25 | $0.17 | $0.92 | ||
| Q4 24 | $1.19 | $0.76 | ||
| Q3 24 | $0.85 | $0.86 | ||
| Q2 24 | $0.88 | $0.88 | ||
| Q1 24 | $1.56 | $0.48 |
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 | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $616.8M | $1.1B |
| Total Assets | $2.1B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $98.7M | ||
| Q3 25 | $191.5M | $83.8M | ||
| Q2 25 | $33.1M | $124.5M | ||
| Q1 25 | $29.6M | $71.6M | ||
| Q4 24 | $33.7M | $83.8M | ||
| Q3 24 | $51.8M | $78.6M | ||
| Q2 24 | $30.7M | $72.9M | ||
| Q1 24 | $21.4M | $60.1M |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
| Q4 25 | $616.8M | $1.1B | ||
| Q3 25 | $613.3M | $1.1B | ||
| Q2 25 | $605.2M | $1.0B | ||
| Q1 25 | $599.0M | $910.2M | ||
| Q4 24 | $598.3M | $855.1M | ||
| Q3 24 | $606.1M | $858.8M | ||
| Q2 24 | $570.3M | $788.4M | ||
| Q1 24 | $560.6M | $747.6M |
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | $1.8B | $1.9B |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| Free Cash FlowOCF − Capex | $-12.4M | $-17.1M |
| FCF MarginFCF / Revenue | -1.6% | -2.1% |
| Capex IntensityCapex / Revenue | 1.4% | 5.2% |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $24.7M | ||
| Q3 25 | $47.3M | $1.4M | ||
| Q2 25 | $-5.7M | $27.7M | ||
| Q1 25 | $28.7M | $54.8M | ||
| Q4 24 | $-39.8M | $60.7M | ||
| Q3 24 | $79.6M | $57.3M | ||
| Q2 24 | $36.1M | $40.5M | ||
| Q1 24 | $43.0M | $39.6M |
| Q4 25 | $-12.4M | $-17.1M | ||
| Q3 25 | $35.0M | $-30.5M | ||
| Q2 25 | $-26.2M | $200.0K | ||
| Q1 25 | $18.0M | $27.1M | ||
| Q4 24 | $-57.4M | $44.7M | ||
| Q3 24 | $68.5M | $43.8M | ||
| Q2 24 | $26.3M | $13.7M | ||
| Q1 24 | $32.4M | $-4.3M |
| Q4 25 | -1.6% | -2.1% | ||
| Q3 25 | 5.3% | -4.1% | ||
| Q2 25 | -4.3% | 0.0% | ||
| Q1 25 | 2.8% | 4.2% | ||
| Q4 24 | -7.7% | 7.2% | ||
| Q3 24 | 10.0% | 6.7% | ||
| Q2 24 | 4.0% | 2.1% | ||
| Q1 24 | 4.6% | -0.7% |
| Q4 25 | 1.4% | 5.2% | ||
| Q3 25 | 1.9% | 4.3% | ||
| Q2 25 | 3.3% | 4.0% | ||
| Q1 25 | 1.7% | 4.3% | ||
| Q4 24 | 2.4% | 2.6% | ||
| Q3 24 | 1.6% | 2.1% | ||
| Q2 24 | 1.5% | 4.1% | ||
| Q1 24 | 1.5% | 7.3% |
| Q4 25 | -0.50× | — | ||
| Q3 25 | 7.05× | 0.03× | ||
| Q2 25 | -0.81× | 0.54× | ||
| Q1 25 | 5.82× | 1.10× | ||
| Q4 24 | -0.96× | 1.48× | ||
| Q3 24 | 2.66× | 1.24× | ||
| Q2 24 | 1.17× | 0.86× | ||
| Q1 24 | 0.77× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
