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Side-by-side financial comparison of CALERES INC (CAL) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $637.9M, roughly 1.2× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 0.3%, a 28.2% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs 6.6%). NATIONAL FUEL GAS CO produced more free cash flow last quarter ($-2.7M vs $-12.4M). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% 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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
CAL vs NFG — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $637.9M |
| Net Profit | $2.4M | $181.6M |
| Gross Margin | 41.8% | 86.6% |
| Operating Margin | 1.5% | 43.3% |
| Net Margin | 0.3% | 28.5% |
| Revenue YoY | 6.6% | 24.1% |
| Net Profit YoY | -94.2% | 303.8% |
| EPS (diluted) | $0.07 | $1.98 |
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 | $637.9M | ||
| Q3 25 | $658.5M | $443.1M | ||
| Q2 25 | $614.2M | $527.4M | ||
| Q1 25 | $639.2M | $734.8M | ||
| Q4 24 | $740.9M | $513.8M | ||
| Q3 24 | $683.3M | $310.0M | ||
| Q2 24 | $659.2M | $338.6M | ||
| Q1 24 | $697.1M | $558.7M |
| Q4 25 | $2.4M | $181.6M | ||
| Q3 25 | $6.7M | $107.3M | ||
| Q2 25 | $6.9M | $149.8M | ||
| Q1 25 | $4.9M | $216.4M | ||
| Q4 24 | $41.4M | $45.0M | ||
| Q3 24 | $30.0M | $-167.6M | ||
| Q2 24 | $30.9M | $-54.2M | ||
| Q1 24 | $55.7M | $166.3M |
| Q4 25 | 41.8% | 86.6% | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 45.4% | 94.7% | ||
| Q1 25 | 43.0% | 81.6% | ||
| Q4 24 | 44.1% | 87.3% | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 46.9% | 98.5% | ||
| Q1 24 | 43.9% | 81.0% |
| Q4 25 | 1.5% | 43.3% | ||
| Q3 25 | 1.4% | 40.6% | ||
| Q2 25 | 1.9% | 43.7% | ||
| Q1 25 | 1.2% | 43.2% | ||
| Q4 24 | 7.7% | 16.8% | ||
| Q3 24 | 6.2% | -63.4% | ||
| Q2 24 | 6.5% | -15.2% | ||
| Q1 24 | 4.4% | 44.9% |
| Q4 25 | 0.3% | 28.5% | ||
| Q3 25 | 1.0% | 24.2% | ||
| Q2 25 | 1.1% | 28.4% | ||
| Q1 25 | 0.8% | 29.4% | ||
| Q4 24 | 5.6% | 8.8% | ||
| Q3 24 | 4.4% | -54.1% | ||
| Q2 24 | 4.7% | -16.0% | ||
| Q1 24 | 8.0% | 29.8% |
| Q4 25 | $0.07 | $1.98 | ||
| Q3 25 | $0.20 | $1.18 | ||
| Q2 25 | $0.21 | $1.64 | ||
| Q1 25 | $0.17 | $2.37 | ||
| Q4 24 | $1.19 | $0.49 | ||
| Q3 24 | $0.85 | $-1.81 | ||
| Q2 24 | $0.88 | $-0.59 | ||
| Q1 24 | $1.56 | $1.80 |
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 | $271.4M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $616.8M | $3.6B |
| Total Assets | $2.1B | $9.2B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $271.4M | ||
| Q3 25 | $191.5M | $43.2M | ||
| Q2 25 | $33.1M | $39.3M | ||
| Q1 25 | $29.6M | $40.0M | ||
| Q4 24 | $33.7M | $48.7M | ||
| Q3 24 | $51.8M | $38.2M | ||
| Q2 24 | $30.7M | $81.4M | ||
| Q1 24 | $21.4M | $50.8M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | $616.8M | $3.6B | ||
| Q3 25 | $613.3M | $3.1B | ||
| Q2 25 | $605.2M | $3.0B | ||
| Q1 25 | $599.0M | $2.8B | ||
| Q4 24 | $598.3M | $-76.2M | ||
| Q3 24 | $606.1M | $-15.5M | ||
| Q2 24 | $570.3M | $5.0M | ||
| Q1 24 | $560.6M | $75.3M |
| Q4 25 | $2.1B | $9.2B | ||
| Q3 25 | $2.2B | $8.7B | ||
| Q2 25 | $1.9B | $8.4B | ||
| Q1 25 | $1.9B | $8.5B | ||
| Q4 24 | $2.0B | $8.3B | ||
| Q3 24 | $2.0B | $8.3B | ||
| Q2 24 | $1.9B | $8.5B | ||
| Q1 24 | $1.8B | $8.7B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× | ||
| Q1 24 | — | 31.68× |
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 | $274.9M |
| Free Cash FlowOCF − Capex | $-12.4M | $-2.7M |
| FCF MarginFCF / Revenue | -1.6% | -0.4% |
| Capex IntensityCapex / Revenue | 1.4% | 43.5% |
| Cash ConversionOCF / Net Profit | -0.50× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $274.9M | ||
| Q3 25 | $47.3M | $237.8M | ||
| Q2 25 | $-5.7M | $388.4M | ||
| Q1 25 | $28.7M | $253.8M | ||
| Q4 24 | $-39.8M | $220.1M | ||
| Q3 24 | $79.6M | $197.9M | ||
| Q2 24 | $36.1M | $281.8M | ||
| Q1 24 | $43.0M | $315.3M |
| Q4 25 | $-12.4M | $-2.7M | ||
| Q3 25 | $35.0M | $-47.8M | ||
| Q2 25 | $-26.2M | $195.3M | ||
| Q1 25 | $18.0M | $59.9M | ||
| Q4 24 | $-57.4M | $-20.3M | ||
| Q3 24 | $68.5M | $-49.1M | ||
| Q2 24 | $26.3M | $79.5M | ||
| Q1 24 | $32.4M | $80.3M |
| Q4 25 | -1.6% | -0.4% | ||
| Q3 25 | 5.3% | -10.8% | ||
| Q2 25 | -4.3% | 37.0% | ||
| Q1 25 | 2.8% | 8.2% | ||
| Q4 24 | -7.7% | -4.0% | ||
| Q3 24 | 10.0% | -15.8% | ||
| Q2 24 | 4.0% | 23.5% | ||
| Q1 24 | 4.6% | 14.4% |
| Q4 25 | 1.4% | 43.5% | ||
| Q3 25 | 1.9% | 64.4% | ||
| Q2 25 | 3.3% | 36.6% | ||
| Q1 25 | 1.7% | 26.4% | ||
| Q4 24 | 2.4% | 46.8% | ||
| Q3 24 | 1.6% | 79.7% | ||
| Q2 24 | 1.5% | 59.7% | ||
| Q1 24 | 1.5% | 42.1% |
| Q4 25 | -0.50× | 1.51× | ||
| Q3 25 | 7.05× | 2.21× | ||
| Q2 25 | -0.81× | 2.59× | ||
| Q1 25 | 5.82× | 1.17× | ||
| Q4 24 | -0.96× | 4.89× | ||
| Q3 24 | 2.66× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 0.77× | 1.90× |
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% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
