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Side-by-side financial comparison of CALERES INC (CAL) and MATERION Corp (MTRN). Click either name above to swap in a different company.

CALERES INC is the larger business by last-quarter revenue ($790.1M vs $489.8M, roughly 1.6× MATERION Corp). MATERION Corp runs the higher net margin — 1.3% vs 0.3%, a 1.0% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (12.1% vs 6.6%). Over the past eight quarters, MATERION Corp's revenue compounded faster (12.7% 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.

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.

CAL vs MTRN — Head-to-Head

Bigger by revenue
CAL
CAL
1.6× larger
CAL
$790.1M
$489.8M
MTRN
Growing faster (revenue YoY)
MTRN
MTRN
+5.5% gap
MTRN
12.1%
6.6%
CAL
Higher net margin
MTRN
MTRN
1.0% more per $
MTRN
1.3%
0.3%
CAL
Faster 2-yr revenue CAGR
MTRN
MTRN
Annualised
MTRN
12.7%
6.5%
CAL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CAL
CAL
MTRN
MTRN
Revenue
$790.1M
$489.8M
Net Profit
$2.4M
$6.6M
Gross Margin
41.8%
13.0%
Operating Margin
1.5%
2.2%
Net Margin
0.3%
1.3%
Revenue YoY
6.6%
12.1%
Net Profit YoY
-94.2%
113.5%
EPS (diluted)
$0.07
$0.30

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
MTRN
MTRN
Q4 25
$790.1M
$489.8M
Q3 25
$658.5M
$444.8M
Q2 25
$614.2M
$431.7M
Q1 25
$639.2M
$420.3M
Q4 24
$740.9M
$436.9M
Q3 24
$683.3M
$436.7M
Q2 24
$659.2M
$425.9M
Q1 24
$697.1M
$385.3M
Net Profit
CAL
CAL
MTRN
MTRN
Q4 25
$2.4M
$6.6M
Q3 25
$6.7M
$25.4M
Q2 25
$6.9M
$25.1M
Q1 25
$4.9M
$17.7M
Q4 24
$41.4M
$-48.9M
Q3 24
$30.0M
$22.3M
Q2 24
$30.9M
$19.0M
Q1 24
$55.7M
$13.4M
Gross Margin
CAL
CAL
MTRN
MTRN
Q4 25
41.8%
13.0%
Q3 25
43.4%
19.4%
Q2 25
45.4%
19.1%
Q1 25
43.0%
18.1%
Q4 24
44.1%
21.3%
Q3 24
45.5%
18.5%
Q2 24
46.9%
19.0%
Q1 24
43.9%
18.5%
Operating Margin
CAL
CAL
MTRN
MTRN
Q4 25
1.5%
2.2%
Q3 25
1.4%
7.9%
Q2 25
1.9%
8.5%
Q1 25
1.2%
6.5%
Q4 24
7.7%
-8.8%
Q3 24
6.2%
7.2%
Q2 24
6.5%
7.5%
Q1 24
4.4%
5.8%
Net Margin
CAL
CAL
MTRN
MTRN
Q4 25
0.3%
1.3%
Q3 25
1.0%
5.7%
Q2 25
1.1%
5.8%
Q1 25
0.8%
4.2%
Q4 24
5.6%
-11.2%
Q3 24
4.4%
5.1%
Q2 24
4.7%
4.5%
Q1 24
8.0%
3.5%
EPS (diluted)
CAL
CAL
MTRN
MTRN
Q4 25
$0.07
$0.30
Q3 25
$0.20
$1.22
Q2 25
$0.21
$1.21
Q1 25
$0.17
$0.85
Q4 24
$1.19
$-2.34
Q3 24
$0.85
$1.07
Q2 24
$0.88
$0.91
Q1 24
$1.56
$0.64

Balance Sheet & Financial Strength

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

Metric
CAL
CAL
MTRN
MTRN
Cash + ST InvestmentsLiquidity on hand
$34.0M
$13.7M
Total DebtLower is stronger
$460.6M
Stockholders' EquityBook value
$616.8M
$943.3M
Total Assets
$2.1B
$1.8B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAL
CAL
MTRN
MTRN
Q4 25
$34.0M
$13.7M
Q3 25
$191.5M
$16.4M
Q2 25
$33.1M
$12.6M
Q1 25
$29.6M
$15.6M
Q4 24
$33.7M
$16.7M
Q3 24
$51.8M
$17.9M
Q2 24
$30.7M
$17.1M
Q1 24
$21.4M
$13.1M
Total Debt
CAL
CAL
MTRN
MTRN
Q4 25
$460.6M
Q3 25
$458.9M
Q2 25
$427.6M
Q1 25
$453.0M
Q4 24
$443.9M
Q3 24
Q2 24
Q1 24
$477.9M
Stockholders' Equity
CAL
CAL
MTRN
MTRN
Q4 25
$616.8M
$943.3M
Q3 25
$613.3M
$934.6M
Q2 25
$605.2M
$910.6M
Q1 25
$599.0M
$887.9M
Q4 24
$598.3M
$868.9M
Q3 24
$606.1M
$931.9M
Q2 24
$570.3M
$907.1M
Q1 24
$560.6M
$889.9M
Total Assets
CAL
CAL
MTRN
MTRN
Q4 25
$2.1B
$1.8B
Q3 25
$2.2B
$1.8B
Q2 25
$1.9B
$1.7B
Q1 25
$1.9B
$1.8B
Q4 24
$2.0B
$1.7B
Q3 24
$2.0B
$1.9B
Q2 24
$1.9B
$1.8B
Q1 24
$1.8B
$1.8B
Debt / Equity
CAL
CAL
MTRN
MTRN
Q4 25
0.49×
Q3 25
0.49×
Q2 25
0.47×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
Q2 24
Q1 24
0.54×

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
MTRN
MTRN
Operating Cash FlowLast quarter
$-1.2M
$19.5M
Free Cash FlowOCF − Capex
$-12.4M
FCF MarginFCF / Revenue
-1.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
-0.50×
2.97×
TTM Free Cash FlowTrailing 4 quarters
$14.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAL
CAL
MTRN
MTRN
Q4 25
$-1.2M
$19.5M
Q3 25
$47.3M
$18.3M
Q2 25
$-5.7M
$49.9M
Q1 25
$28.7M
$15.5M
Q4 24
$-39.8M
$76.3M
Q3 24
$79.6M
$5.1M
Q2 24
$36.1M
$20.3M
Q1 24
$43.0M
$-13.8M
Free Cash Flow
CAL
CAL
MTRN
MTRN
Q4 25
$-12.4M
Q3 25
$35.0M
Q2 25
$-26.2M
Q1 25
$18.0M
$3.2M
Q4 24
$-57.4M
Q3 24
$68.5M
$-24.3M
Q2 24
$26.3M
Q1 24
$32.4M
$-35.1M
FCF Margin
CAL
CAL
MTRN
MTRN
Q4 25
-1.6%
Q3 25
5.3%
Q2 25
-4.3%
Q1 25
2.8%
0.8%
Q4 24
-7.7%
Q3 24
10.0%
-5.6%
Q2 24
4.0%
Q1 24
4.6%
-9.1%
Capex Intensity
CAL
CAL
MTRN
MTRN
Q4 25
1.4%
Q3 25
1.9%
Q2 25
3.3%
Q1 25
1.7%
2.9%
Q4 24
2.4%
Q3 24
1.6%
6.7%
Q2 24
1.5%
Q1 24
1.5%
5.5%
Cash Conversion
CAL
CAL
MTRN
MTRN
Q4 25
-0.50×
2.97×
Q3 25
7.05×
0.72×
Q2 25
-0.81×
1.99×
Q1 25
5.82×
0.88×
Q4 24
-0.96×
Q3 24
2.66×
0.23×
Q2 24
1.17×
1.07×
Q1 24
0.77×
-1.03×

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%

MTRN
MTRN

Electronic Materials$313.9M64%
Aerospaceand Defense$48.4M10%
Industrial Components$34.3M7%
Precision Optics$27.5M6%
Other End Market$22.3M5%
Energy$18.8M4%
Automotive Electronics$18.5M4%
Semiconductor$3.6M1%
Consumer Electronics$362.0K0%

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