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

CALERES INC is the larger business by last-quarter revenue ($790.1M vs $704.9M, roughly 1.1× SM Energy Co). On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

CAL vs SM — Head-to-Head

Bigger by revenue
CAL
CAL
1.1× larger
CAL
$790.1M
$704.9M
SM
Growing faster (revenue YoY)
CAL
CAL
+23.9% gap
CAL
6.6%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
6.5%
CAL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CAL
CAL
SM
SM
Revenue
$790.1M
$704.9M
Net Profit
$2.4M
Gross Margin
41.8%
Operating Margin
1.5%
25.9%
Net Margin
0.3%
Revenue YoY
6.6%
-17.3%
Net Profit YoY
-94.2%
EPS (diluted)
$0.07
$0.94

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
SM
SM
Q4 25
$790.1M
$704.9M
Q3 25
$658.5M
$811.6M
Q2 25
$614.2M
$792.9M
Q1 25
$639.2M
$844.5M
Q4 24
$740.9M
$852.0M
Q3 24
$683.3M
$643.6M
Q2 24
$659.2M
$634.6M
Q1 24
$697.1M
$559.9M
Net Profit
CAL
CAL
SM
SM
Q4 25
$2.4M
Q3 25
$6.7M
$155.1M
Q2 25
$6.9M
$201.7M
Q1 25
$4.9M
$182.3M
Q4 24
$41.4M
Q3 24
$30.0M
$240.5M
Q2 24
$30.9M
$210.3M
Q1 24
$55.7M
$131.2M
Gross Margin
CAL
CAL
SM
SM
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 24
43.9%
Operating Margin
CAL
CAL
SM
SM
Q4 25
1.5%
25.9%
Q3 25
1.4%
30.4%
Q2 25
1.9%
37.2%
Q1 25
1.2%
32.7%
Q4 24
7.7%
33.7%
Q3 24
6.2%
51.4%
Q2 24
6.5%
44.0%
Q1 24
4.4%
31.9%
Net Margin
CAL
CAL
SM
SM
Q4 25
0.3%
Q3 25
1.0%
19.1%
Q2 25
1.1%
25.4%
Q1 25
0.8%
21.6%
Q4 24
5.6%
Q3 24
4.4%
37.4%
Q2 24
4.7%
33.1%
Q1 24
8.0%
23.4%
EPS (diluted)
CAL
CAL
SM
SM
Q4 25
$0.07
$0.94
Q3 25
$0.20
$1.35
Q2 25
$0.21
$1.76
Q1 25
$0.17
$1.59
Q4 24
$1.19
$1.63
Q3 24
$0.85
$2.09
Q2 24
$0.88
$1.82
Q1 24
$1.56
$1.13

Balance Sheet & Financial Strength

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

Metric
CAL
CAL
SM
SM
Cash + ST InvestmentsLiquidity on hand
$34.0M
$368.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$616.8M
$4.8B
Total Assets
$2.1B
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAL
CAL
SM
SM
Q4 25
$34.0M
$368.0M
Q3 25
$191.5M
$162.3M
Q2 25
$33.1M
$101.9M
Q1 25
$29.6M
$54.0K
Q4 24
$33.7M
Q3 24
$51.8M
$1.7B
Q2 24
$30.7M
$487.9M
Q1 24
$21.4M
$506.3M
Stockholders' Equity
CAL
CAL
SM
SM
Q4 25
$616.8M
$4.8B
Q3 25
$613.3M
$4.7B
Q2 25
$605.2M
$4.6B
Q1 25
$599.0M
$4.4B
Q4 24
$598.3M
$4.2B
Q3 24
$606.1M
$4.1B
Q2 24
$570.3M
$3.8B
Q1 24
$560.6M
$3.7B
Total Assets
CAL
CAL
SM
SM
Q4 25
$2.1B
$9.3B
Q3 25
$2.2B
$9.1B
Q2 25
$1.9B
$9.0B
Q1 25
$1.9B
$8.8B
Q4 24
$2.0B
$8.6B
Q3 24
$2.0B
$8.0B
Q2 24
$1.9B
$6.7B
Q1 24
$1.8B
$6.4B

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
SM
SM
Operating Cash FlowLast quarter
$-1.2M
$451.9M
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.

Operating Cash Flow
CAL
CAL
SM
SM
Q4 25
$-1.2M
$451.9M
Q3 25
$47.3M
$505.0M
Q2 25
$-5.7M
$571.1M
Q1 25
$28.7M
$483.0M
Q4 24
$-39.8M
$578.4M
Q3 24
$79.6M
$452.3M
Q2 24
$36.1M
$476.4M
Q1 24
$43.0M
$276.0M
Free Cash Flow
CAL
CAL
SM
SM
Q4 25
$-12.4M
Q3 25
$35.0M
Q2 25
$-26.2M
Q1 25
$18.0M
Q4 24
$-57.4M
Q3 24
$68.5M
Q2 24
$26.3M
Q1 24
$32.4M
FCF Margin
CAL
CAL
SM
SM
Q4 25
-1.6%
Q3 25
5.3%
Q2 25
-4.3%
Q1 25
2.8%
Q4 24
-7.7%
Q3 24
10.0%
Q2 24
4.0%
Q1 24
4.6%
Capex Intensity
CAL
CAL
SM
SM
Q4 25
1.4%
Q3 25
1.9%
Q2 25
3.3%
Q1 25
1.7%
Q4 24
2.4%
Q3 24
1.6%
Q2 24
1.5%
Q1 24
1.5%
Cash Conversion
CAL
CAL
SM
SM
Q4 25
-0.50×
Q3 25
7.05×
3.26×
Q2 25
-0.81×
2.83×
Q1 25
5.82×
2.65×
Q4 24
-0.96×
Q3 24
2.66×
1.88×
Q2 24
1.17×
2.27×
Q1 24
0.77×
2.10×

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%

SM
SM

Segment breakdown not available.

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