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Side-by-side financial comparison of CALERES INC (CAL) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.

Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $790.1M, roughly 1.4× CALERES INC). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 0.3%, a 31.3% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 6.6%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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.

Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.

CAL vs VIRT — Head-to-Head

Bigger by revenue
VIRT
VIRT
1.4× larger
VIRT
$1.1B
$790.1M
CAL
Growing faster (revenue YoY)
VIRT
VIRT
+24.1% gap
VIRT
30.7%
6.6%
CAL
Higher net margin
VIRT
VIRT
31.3% more per $
VIRT
31.6%
0.3%
CAL
Faster 2-yr revenue CAGR
VIRT
VIRT
Annualised
VIRT
25.7%
6.5%
CAL

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
CAL
CAL
VIRT
VIRT
Revenue
$790.1M
$1.1B
Net Profit
$2.4M
$346.6M
Gross Margin
41.8%
Operating Margin
1.5%
37.4%
Net Margin
0.3%
31.6%
Revenue YoY
6.6%
30.7%
Net Profit YoY
-94.2%
82.8%
EPS (diluted)
$0.07
$1.99

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
VIRT
VIRT
Q1 26
$1.1B
Q4 25
$790.1M
$969.9M
Q3 25
$658.5M
$824.8M
Q2 25
$614.2M
$999.6M
Q1 25
$639.2M
$837.9M
Q4 24
$740.9M
$834.3M
Q3 24
$683.3M
$706.8M
Q2 24
$659.2M
$693.0M
Net Profit
CAL
CAL
VIRT
VIRT
Q1 26
$346.6M
Q4 25
$2.4M
$139.9M
Q3 25
$6.7M
$77.6M
Q2 25
$6.9M
$151.2M
Q1 25
$4.9M
$99.7M
Q4 24
$41.4M
$94.1M
Q3 24
$30.0M
$60.0M
Q2 24
$30.9M
$66.6M
Gross Margin
CAL
CAL
VIRT
VIRT
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%
Operating Margin
CAL
CAL
VIRT
VIRT
Q1 26
37.4%
Q4 25
1.5%
35.4%
Q3 25
1.4%
21.8%
Q2 25
1.9%
34.7%
Q1 25
1.2%
26.7%
Q4 24
7.7%
24.3%
Q3 24
6.2%
20.8%
Q2 24
6.5%
22.4%
Net Margin
CAL
CAL
VIRT
VIRT
Q1 26
31.6%
Q4 25
0.3%
14.4%
Q3 25
1.0%
9.4%
Q2 25
1.1%
15.1%
Q1 25
0.8%
11.9%
Q4 24
5.6%
11.3%
Q3 24
4.4%
8.5%
Q2 24
4.7%
9.6%
EPS (diluted)
CAL
CAL
VIRT
VIRT
Q1 26
$1.99
Q4 25
$0.07
$1.54
Q3 25
$0.20
$0.86
Q2 25
$0.21
$1.65
Q1 25
$0.17
$1.08
Q4 24
$1.19
$1.03
Q3 24
$0.85
$0.64
Q2 24
$0.88
$0.71

Balance Sheet & Financial Strength

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

Metric
CAL
CAL
VIRT
VIRT
Cash + ST InvestmentsLiquidity on hand
$34.0M
$973.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$616.8M
$2.2B
Total Assets
$2.1B
$25.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAL
CAL
VIRT
VIRT
Q1 26
$973.2M
Q4 25
$34.0M
$1.1B
Q3 25
$191.5M
$707.9M
Q2 25
$33.1M
$752.1M
Q1 25
$29.6M
$723.6M
Q4 24
$33.7M
$872.5M
Q3 24
$51.8M
$701.4M
Q2 24
$30.7M
$684.8M
Total Debt
CAL
CAL
VIRT
VIRT
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Stockholders' Equity
CAL
CAL
VIRT
VIRT
Q1 26
$2.2B
Q4 25
$616.8M
$1.6B
Q3 25
$613.3M
$1.5B
Q2 25
$605.2M
$1.4B
Q1 25
$599.0M
$1.3B
Q4 24
$598.3M
$1.3B
Q3 24
$606.1M
$1.2B
Q2 24
$570.3M
$1.2B
Total Assets
CAL
CAL
VIRT
VIRT
Q1 26
$25.1B
Q4 25
$2.1B
$20.2B
Q3 25
$2.2B
$21.3B
Q2 25
$1.9B
$19.3B
Q1 25
$1.9B
$17.5B
Q4 24
$2.0B
$15.4B
Q3 24
$2.0B
$14.4B
Q2 24
$1.9B
$13.9B
Debt / Equity
CAL
CAL
VIRT
VIRT
Q1 26
Q4 25
1.29×
Q3 25
1.40×
Q2 25
1.24×
Q1 25
1.33×
Q4 24
1.39×
Q3 24
1.41×
Q2 24
1.41×

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
VIRT
VIRT
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.

Operating Cash Flow
CAL
CAL
VIRT
VIRT
Q1 26
Q4 25
$-1.2M
$518.4M
Q3 25
$47.3M
$-68.7M
Q2 25
$-5.7M
$62.8M
Q1 25
$28.7M
$15.0M
Q4 24
$-39.8M
$599.0M
Q3 24
$79.6M
$112.1M
Q2 24
$36.1M
$490.8M
Free Cash Flow
CAL
CAL
VIRT
VIRT
Q1 26
Q4 25
$-12.4M
$495.6M
Q3 25
$35.0M
$-76.7M
Q2 25
$-26.2M
$57.6M
Q1 25
$18.0M
$9.2M
Q4 24
$-57.4M
$586.6M
Q3 24
$68.5M
$106.2M
Q2 24
$26.3M
$486.9M
FCF Margin
CAL
CAL
VIRT
VIRT
Q1 26
Q4 25
-1.6%
51.1%
Q3 25
5.3%
-9.3%
Q2 25
-4.3%
5.8%
Q1 25
2.8%
1.1%
Q4 24
-7.7%
70.3%
Q3 24
10.0%
15.0%
Q2 24
4.0%
70.3%
Capex Intensity
CAL
CAL
VIRT
VIRT
Q1 26
Q4 25
1.4%
2.4%
Q3 25
1.9%
1.0%
Q2 25
3.3%
0.5%
Q1 25
1.7%
0.7%
Q4 24
2.4%
1.5%
Q3 24
1.6%
0.8%
Q2 24
1.5%
0.6%
Cash Conversion
CAL
CAL
VIRT
VIRT
Q1 26
Q4 25
-0.50×
3.71×
Q3 25
7.05×
-0.89×
Q2 25
-0.81×
0.42×
Q1 25
5.82×
0.15×
Q4 24
-0.96×
6.37×
Q3 24
2.66×
1.87×
Q2 24
1.17×
7.37×

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%

VIRT
VIRT

Trading income, net$789.1M72%
Commissions, net and technology services$186.6M17%
Other$119.6M11%

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