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Side-by-side financial comparison of CALERES INC (CAL) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $790.1M, roughly 1.6× CALERES INC). CALERES INC runs the higher net margin — 0.3% vs -35.0%, a 35.3% gap on every dollar of revenue. On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs -0.7%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-12.4M). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
CAL vs VAC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $1.2B |
| Net Profit | $2.4M | $-431.0M |
| Gross Margin | 41.8% | — |
| Operating Margin | 1.5% | — |
| Net Margin | 0.3% | -35.0% |
| Revenue YoY | 6.6% | -0.7% |
| Net Profit YoY | -94.2% | -962.0% |
| EPS (diluted) | $0.07 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $658.5M | $1.2B | ||
| Q2 25 | $614.2M | $1.2B | ||
| Q1 25 | $639.2M | $1.1B | ||
| Q4 24 | $740.9M | $1.2B | ||
| Q3 24 | $683.3M | $1.2B | ||
| Q2 24 | $659.2M | $1.1B | ||
| Q1 24 | $697.1M | $1.1B |
| Q4 25 | $2.4M | $-431.0M | ||
| Q3 25 | $6.7M | $-2.0M | ||
| Q2 25 | $6.9M | $69.0M | ||
| Q1 25 | $4.9M | $56.0M | ||
| Q4 24 | $41.4M | $50.0M | ||
| Q3 24 | $30.0M | $84.0M | ||
| Q2 24 | $30.9M | $37.0M | ||
| Q1 24 | $55.7M | $47.0M |
| 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% | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 4.4% | — |
| Q4 25 | 0.3% | -35.0% | ||
| Q3 25 | 1.0% | -0.2% | ||
| Q2 25 | 1.1% | 6.0% | ||
| Q1 25 | 0.8% | 5.0% | ||
| Q4 24 | 5.6% | 4.0% | ||
| Q3 24 | 4.4% | 6.9% | ||
| Q2 24 | 4.7% | 3.5% | ||
| Q1 24 | 8.0% | 4.2% |
| Q4 25 | $0.07 | $-12.00 | ||
| Q3 25 | $0.20 | $-0.07 | ||
| Q2 25 | $0.21 | $1.77 | ||
| Q1 25 | $0.17 | $1.46 | ||
| Q4 24 | $1.19 | $1.29 | ||
| Q3 24 | $0.85 | $2.12 | ||
| Q2 24 | $0.88 | $0.98 | ||
| Q1 24 | $1.56 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $616.8M | $2.0B |
| Total Assets | $2.1B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $406.0M | ||
| Q3 25 | $191.5M | $474.0M | ||
| Q2 25 | $33.1M | $205.0M | ||
| Q1 25 | $29.6M | $196.0M | ||
| Q4 24 | $33.7M | $197.0M | ||
| Q3 24 | $51.8M | $197.0M | ||
| Q2 24 | $30.7M | $206.0M | ||
| Q1 24 | $21.4M | $237.0M |
| Q4 25 | $616.8M | $2.0B | ||
| Q3 25 | $613.3M | $2.5B | ||
| Q2 25 | $605.2M | $2.5B | ||
| Q1 25 | $599.0M | $2.4B | ||
| Q4 24 | $598.3M | $2.4B | ||
| Q3 24 | $606.1M | $2.4B | ||
| Q2 24 | $570.3M | $2.4B | ||
| Q1 24 | $560.6M | $2.4B |
| Q4 25 | $2.1B | $9.8B | ||
| Q3 25 | $2.2B | $10.1B | ||
| Q2 25 | $1.9B | $9.9B | ||
| Q1 25 | $1.9B | $9.9B | ||
| Q4 24 | $2.0B | $9.8B | ||
| Q3 24 | $2.0B | $9.7B | ||
| Q2 24 | $1.9B | $9.6B | ||
| Q1 24 | $1.8B | $9.9B |
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 | $6.0M |
| Free Cash FlowOCF − Capex | $-12.4M | $-6.0M |
| FCF MarginFCF / Revenue | -1.6% | -0.5% |
| Capex IntensityCapex / Revenue | 1.4% | 1.0% |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $6.0M | ||
| Q3 25 | $47.3M | $62.0M | ||
| Q2 25 | $-5.7M | $-48.0M | ||
| Q1 25 | $28.7M | $8.0M | ||
| Q4 24 | $-39.8M | $100.0M | ||
| Q3 24 | $79.6M | $72.0M | ||
| Q2 24 | $36.1M | $30.0M | ||
| Q1 24 | $43.0M | $3.0M |
| Q4 25 | $-12.4M | $-6.0M | ||
| Q3 25 | $35.0M | $51.0M | ||
| Q2 25 | $-26.2M | $-68.0M | ||
| Q1 25 | $18.0M | $-6.0M | ||
| Q4 24 | $-57.4M | $86.0M | ||
| Q3 24 | $68.5M | $58.0M | ||
| Q2 24 | $26.3M | $17.0M | ||
| Q1 24 | $32.4M | $-13.0M |
| Q4 25 | -1.6% | -0.5% | ||
| Q3 25 | 5.3% | 4.3% | ||
| Q2 25 | -4.3% | -5.9% | ||
| Q1 25 | 2.8% | -0.5% | ||
| Q4 24 | -7.7% | 6.9% | ||
| Q3 24 | 10.0% | 4.8% | ||
| Q2 24 | 4.0% | 1.6% | ||
| Q1 24 | 4.6% | -1.2% |
| Q4 25 | 1.4% | 1.0% | ||
| Q3 25 | 1.9% | 0.9% | ||
| Q2 25 | 3.3% | 1.7% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 2.4% | 1.1% | ||
| Q3 24 | 1.6% | 1.1% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 1.5% | 1.4% |
| Q4 25 | -0.50× | — | ||
| Q3 25 | 7.05× | — | ||
| Q2 25 | -0.81× | -0.70× | ||
| Q1 25 | 5.82× | 0.14× | ||
| Q4 24 | -0.96× | 2.00× | ||
| Q3 24 | 2.66× | 0.86× | ||
| Q2 24 | 1.17× | 0.81× | ||
| Q1 24 | 0.77× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
