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Side-by-side financial comparison of CALERES INC (CAL) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $430.0M, roughly 1.8× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 0.3%, a 7.3% gap on every dollar of revenue. On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-12.4M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
CAL vs PEGA — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $430.0M |
| Net Profit | $2.4M | $32.8M |
| Gross Margin | 41.8% | 75.2% |
| Operating Margin | 1.5% | 8.6% |
| Net Margin | 0.3% | 7.6% |
| Revenue YoY | 6.6% | -9.6% |
| Net Profit YoY | -94.2% | — |
| EPS (diluted) | $0.07 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $790.1M | $504.3M | ||
| Q3 25 | $658.5M | $381.4M | ||
| Q2 25 | $614.2M | $384.5M | ||
| Q1 25 | $639.2M | $475.6M | ||
| Q4 24 | $740.9M | $490.8M | ||
| Q3 24 | $683.3M | $325.1M | ||
| Q2 24 | $659.2M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $2.4M | $234.6M | ||
| Q3 25 | $6.7M | $43.4M | ||
| Q2 25 | $6.9M | $30.1M | ||
| Q1 25 | $4.9M | $85.4M | ||
| Q4 24 | $41.4M | $119.1M | ||
| Q3 24 | $30.0M | $-14.4M | ||
| Q2 24 | $30.9M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 41.8% | 79.5% | ||
| Q3 25 | 43.4% | 72.2% | ||
| Q2 25 | 45.4% | 71.5% | ||
| Q1 25 | 43.0% | 78.5% | ||
| Q4 24 | 44.1% | 79.1% | ||
| Q3 24 | 45.5% | 70.2% | ||
| Q2 24 | 46.9% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 1.5% | 20.7% | ||
| Q3 25 | 1.4% | 3.8% | ||
| Q2 25 | 1.9% | 4.5% | ||
| Q1 25 | 1.2% | 26.7% | ||
| Q4 24 | 7.7% | 29.1% | ||
| Q3 24 | 6.2% | -3.6% | ||
| Q2 24 | 6.5% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.3% | 46.5% | ||
| Q3 25 | 1.0% | 11.4% | ||
| Q2 25 | 1.1% | 7.8% | ||
| Q1 25 | 0.8% | 18.0% | ||
| Q4 24 | 5.6% | 24.3% | ||
| Q3 24 | 4.4% | -4.4% | ||
| Q2 24 | 4.7% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.07 | $0.81 | ||
| Q3 25 | $0.20 | $0.24 | ||
| Q2 25 | $0.21 | $0.17 | ||
| Q1 25 | $0.17 | $0.91 | ||
| Q4 24 | $1.19 | $1.35 | ||
| Q3 24 | $0.85 | $-0.17 | ||
| Q2 24 | $0.88 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $616.8M | $705.9M |
| Total Assets | $2.1B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $34.0M | $425.8M | ||
| Q3 25 | $191.5M | $351.4M | ||
| Q2 25 | $33.1M | $411.6M | ||
| Q1 25 | $29.6M | $371.7M | ||
| Q4 24 | $33.7M | $740.0M | ||
| Q3 24 | $51.8M | $703.0M | ||
| Q2 24 | $30.7M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $616.8M | $787.4M | ||
| Q3 25 | $613.3M | $596.8M | ||
| Q2 25 | $605.2M | $624.5M | ||
| Q1 25 | $599.0M | $611.3M | ||
| Q4 24 | $598.3M | $585.5M | ||
| Q3 24 | $606.1M | $473.0M | ||
| Q2 24 | $570.3M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.9B | $1.5B |
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 | $206.5M |
| FCF MarginFCF / Revenue | -1.6% | 48.0% |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-1.2M | $158.4M | ||
| Q3 25 | $47.3M | $56.3M | ||
| Q2 25 | $-5.7M | $86.3M | ||
| Q1 25 | $28.7M | $204.2M | ||
| Q4 24 | $-39.8M | $95.2M | ||
| Q3 24 | $79.6M | $30.5M | ||
| Q2 24 | $36.1M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-12.4M | $152.4M | ||
| Q3 25 | $35.0M | $51.8M | ||
| Q2 25 | $-26.2M | $84.1M | ||
| Q1 25 | $18.0M | $202.3M | ||
| Q4 24 | $-57.4M | $92.4M | ||
| Q3 24 | $68.5M | $27.4M | ||
| Q2 24 | $26.3M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -1.6% | 30.2% | ||
| Q3 25 | 5.3% | 13.6% | ||
| Q2 25 | -4.3% | 21.9% | ||
| Q1 25 | 2.8% | 42.5% | ||
| Q4 24 | -7.7% | 18.8% | ||
| Q3 24 | 10.0% | 8.4% | ||
| Q2 24 | 4.0% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 1.2% | ||
| Q3 25 | 1.9% | 1.2% | ||
| Q2 25 | 3.3% | 0.6% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | 2.4% | 0.6% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 1.5% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | -0.50× | 0.68× | ||
| Q3 25 | 7.05× | 1.30× | ||
| Q2 25 | -0.81× | 2.87× | ||
| Q1 25 | 5.82× | 2.39× | ||
| Q4 24 | -0.96× | 0.80× | ||
| Q3 24 | 2.66× | — | ||
| Q2 24 | 1.17× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
