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Side-by-side financial comparison of CALERES INC (CAL) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $475.9M, roughly 1.7× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 10.5% vs 0.3%, a 10.1% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs 6.6%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
CAL vs SKWD — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $475.9M |
| Net Profit | $2.4M | $49.7M |
| Gross Margin | 41.8% | — |
| Operating Margin | 1.5% | 14.9% |
| Net Margin | 0.3% | 10.5% |
| Revenue YoY | 6.6% | 44.8% |
| Net Profit YoY | -94.2% | — |
| EPS (diluted) | $0.07 | $1.09 |
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 | — | $475.9M | ||
| Q4 25 | $790.1M | $385.6M | ||
| Q3 25 | $658.5M | $382.5M | ||
| Q2 25 | $614.2M | $319.9M | ||
| Q1 25 | $639.2M | $328.5M | ||
| Q4 24 | $740.9M | $304.4M | ||
| Q3 24 | $683.3M | $300.9M | ||
| Q2 24 | $659.2M | $279.9M |
| Q1 26 | — | $49.7M | ||
| Q4 25 | $2.4M | $43.2M | ||
| Q3 25 | $6.7M | $45.9M | ||
| Q2 25 | $6.9M | $38.8M | ||
| Q1 25 | $4.9M | $42.1M | ||
| Q4 24 | $41.4M | $14.4M | ||
| Q3 24 | $30.0M | $36.7M | ||
| Q2 24 | $30.9M | $31.0M |
| 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 | — | 14.9% | ||
| Q4 25 | 1.5% | 14.2% | ||
| Q3 25 | 1.4% | 15.8% | ||
| Q2 25 | 1.9% | 15.6% | ||
| Q1 25 | 1.2% | 15.7% | ||
| Q4 24 | 7.7% | 6.1% | ||
| Q3 24 | 6.2% | 15.6% | ||
| Q2 24 | 6.5% | 14.4% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 0.3% | 11.2% | ||
| Q3 25 | 1.0% | 12.0% | ||
| Q2 25 | 1.1% | 12.1% | ||
| Q1 25 | 0.8% | 12.8% | ||
| Q4 24 | 5.6% | 4.7% | ||
| Q3 24 | 4.4% | 12.2% | ||
| Q2 24 | 4.7% | 11.1% |
| Q1 26 | — | $1.09 | ||
| Q4 25 | $0.07 | $1.03 | ||
| Q3 25 | $0.20 | $1.10 | ||
| Q2 25 | $0.21 | $0.93 | ||
| Q1 25 | $0.17 | $1.01 | ||
| Q4 24 | $1.19 | $0.33 | ||
| Q3 24 | $0.85 | $0.89 | ||
| Q2 24 | $0.88 | $0.75 |
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 | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $616.8M | $1.2B |
| Total Assets | $2.1B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.1M | ||
| Q4 25 | $34.0M | $168.5M | ||
| Q3 25 | $191.5M | $160.1M | ||
| Q2 25 | $33.1M | $136.6M | ||
| Q1 25 | $29.6M | $112.9M | ||
| Q4 24 | $33.7M | $121.6M | ||
| Q3 24 | $51.8M | $105.6M | ||
| Q2 24 | $30.7M | $73.0M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $616.8M | $1.0B | ||
| Q3 25 | $613.3M | $961.4M | ||
| Q2 25 | $605.2M | $899.9M | ||
| Q1 25 | $599.0M | $850.7M | ||
| Q4 24 | $598.3M | $794.0M | ||
| Q3 24 | $606.1M | $797.5M | ||
| Q2 24 | $570.3M | $723.6M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $2.1B | $4.8B | ||
| Q3 25 | $2.2B | $4.6B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $2.0B | $3.7B | ||
| Q3 24 | $2.0B | $3.6B | ||
| Q2 24 | $1.9B | $3.4B |
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 | $408.1M | ||
| Q3 25 | $47.3M | $171.4M | ||
| Q2 25 | $-5.7M | $88.2M | ||
| Q1 25 | $28.7M | $96.8M | ||
| Q4 24 | $-39.8M | $305.1M | ||
| Q3 24 | $79.6M | $168.0M | ||
| Q2 24 | $36.1M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $402.6M | ||
| Q3 25 | $35.0M | $168.9M | ||
| Q2 25 | $-26.2M | $87.1M | ||
| Q1 25 | $18.0M | $96.6M | ||
| Q4 24 | $-57.4M | $300.9M | ||
| Q3 24 | $68.5M | $167.6M | ||
| Q2 24 | $26.3M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 104.4% | ||
| Q3 25 | 5.3% | 44.2% | ||
| Q2 25 | -4.3% | 27.2% | ||
| Q1 25 | 2.8% | 29.4% | ||
| Q4 24 | -7.7% | 98.8% | ||
| Q3 24 | 10.0% | 55.7% | ||
| Q2 24 | 4.0% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 1.4% | ||
| Q3 25 | 1.9% | 0.6% | ||
| Q2 25 | 3.3% | 0.3% | ||
| Q1 25 | 1.7% | 0.1% | ||
| Q4 24 | 2.4% | 1.4% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.5% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | -0.50× | 9.44× | ||
| Q3 25 | 7.05× | 3.73× | ||
| Q2 25 | -0.81× | 2.27× | ||
| Q1 25 | 5.82× | 2.30× | ||
| Q4 24 | -0.96× | 21.18× | ||
| Q3 24 | 2.66× | 4.58× | ||
| Q2 24 | 1.17× | 0.68× |
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% |
SKWD
Segment breakdown not available.
