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Side-by-side financial comparison of CALERES INC (CAL) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
CALERES INC is the larger business by last-quarter revenue ($790.1M vs $625.1M, roughly 1.3× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 0.3%, a 13.1% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 6.6%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-12.4M). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs 4.6%).
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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
CAL vs WTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $790.1M | $625.1M |
| Net Profit | $2.4M | $83.7M |
| Gross Margin | 41.8% | 49.5% |
| Operating Margin | 1.5% | 18.2% |
| Net Margin | 0.3% | 13.4% |
| Revenue YoY | 6.6% | 15.7% |
| Net Profit YoY | -94.2% | 24.0% |
| EPS (diluted) | $0.07 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $658.5M | $611.7M | ||
| Q2 25 | $614.2M | $643.7M | ||
| Q1 25 | $639.2M | $558.0M | ||
| Q4 24 | $740.9M | $540.4M | ||
| Q3 24 | $683.3M | $543.6M | ||
| Q2 24 | $659.2M | $597.3M | ||
| Q1 24 | $697.1M | $570.9M |
| Q4 25 | $2.4M | $83.7M | ||
| Q3 25 | $6.7M | $82.2M | ||
| Q2 25 | $6.9M | $100.9M | ||
| Q1 25 | $4.9M | $74.0M | ||
| Q4 24 | $41.4M | $67.5M | ||
| Q3 24 | $30.0M | $69.1M | ||
| Q2 24 | $30.9M | $82.0M | ||
| Q1 24 | $55.7M | $72.6M |
| Q4 25 | 41.8% | 49.5% | ||
| Q3 25 | 43.4% | 48.8% | ||
| Q2 25 | 45.4% | 50.6% | ||
| Q1 25 | 43.0% | 48.8% | ||
| Q4 24 | 44.1% | 46.7% | ||
| Q3 24 | 45.5% | 47.3% | ||
| Q2 24 | 46.9% | 47.7% | ||
| Q1 24 | 43.9% | 46.9% |
| Q4 25 | 1.5% | 18.2% | ||
| Q3 25 | 1.4% | 18.2% | ||
| Q2 25 | 1.9% | 21.0% | ||
| Q1 25 | 1.2% | 15.7% | ||
| Q4 24 | 7.7% | 16.5% | ||
| Q3 24 | 6.2% | 17.1% | ||
| Q2 24 | 6.5% | 18.7% | ||
| Q1 24 | 4.4% | 16.9% |
| Q4 25 | 0.3% | 13.4% | ||
| Q3 25 | 1.0% | 13.4% | ||
| Q2 25 | 1.1% | 15.7% | ||
| Q1 25 | 0.8% | 13.3% | ||
| Q4 24 | 5.6% | 12.5% | ||
| Q3 24 | 4.4% | 12.7% | ||
| Q2 24 | 4.7% | 13.7% | ||
| Q1 24 | 8.0% | 12.7% |
| Q4 25 | $0.07 | $2.50 | ||
| Q3 25 | $0.20 | $2.45 | ||
| Q2 25 | $0.21 | $3.01 | ||
| Q1 25 | $0.17 | $2.21 | ||
| Q4 24 | $1.19 | $2.02 | ||
| Q3 24 | $0.85 | $2.06 | ||
| Q2 24 | $0.88 | $2.44 | ||
| Q1 24 | $1.56 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $616.8M | $2.0B |
| Total Assets | $2.1B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $405.5M | ||
| Q3 25 | $191.5M | $457.7M | ||
| Q2 25 | $33.1M | $369.3M | ||
| Q1 25 | $29.6M | $336.8M | ||
| Q4 24 | $33.7M | $386.9M | ||
| Q3 24 | $51.8M | $303.9M | ||
| Q2 24 | $30.7M | $279.4M | ||
| Q1 24 | $21.4M | $237.1M |
| Q4 25 | $616.8M | $2.0B | ||
| Q3 25 | $613.3M | $2.0B | ||
| Q2 25 | $605.2M | $1.9B | ||
| Q1 25 | $599.0M | $1.8B | ||
| Q4 24 | $598.3M | $1.7B | ||
| Q3 24 | $606.1M | $1.7B | ||
| Q2 24 | $570.3M | $1.6B | ||
| Q1 24 | $560.6M | $1.6B |
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.9B | $2.5B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.0B | $2.4B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.8B | $2.3B |
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 | $154.7M |
| Free Cash FlowOCF − Capex | $-12.4M | $140.3M |
| FCF MarginFCF / Revenue | -1.6% | 22.4% |
| Capex IntensityCapex / Revenue | 1.4% | 2.3% |
| Cash ConversionOCF / Net Profit | -0.50× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $14.4M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $154.7M | ||
| Q3 25 | $47.3M | $122.4M | ||
| Q2 25 | $-5.7M | $69.7M | ||
| Q1 25 | $28.7M | $55.2M | ||
| Q4 24 | $-39.8M | $139.5M | ||
| Q3 24 | $79.6M | $90.7M | ||
| Q2 24 | $36.1M | $85.3M | ||
| Q1 24 | $43.0M | $45.6M |
| Q4 25 | $-12.4M | $140.3M | ||
| Q3 25 | $35.0M | $110.9M | ||
| Q2 25 | $-26.2M | $59.5M | ||
| Q1 25 | $18.0M | $45.6M | ||
| Q4 24 | $-57.4M | $127.5M | ||
| Q3 24 | $68.5M | $84.3M | ||
| Q2 24 | $26.3M | $78.5M | ||
| Q1 24 | $32.4M | $35.5M |
| Q4 25 | -1.6% | 22.4% | ||
| Q3 25 | 5.3% | 18.1% | ||
| Q2 25 | -4.3% | 9.2% | ||
| Q1 25 | 2.8% | 8.2% | ||
| Q4 24 | -7.7% | 23.6% | ||
| Q3 24 | 10.0% | 15.5% | ||
| Q2 24 | 4.0% | 13.1% | ||
| Q1 24 | 4.6% | 6.2% |
| Q4 25 | 1.4% | 2.3% | ||
| Q3 25 | 1.9% | 1.9% | ||
| Q2 25 | 3.3% | 1.6% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 2.4% | 2.2% | ||
| Q3 24 | 1.6% | 1.2% | ||
| Q2 24 | 1.5% | 1.1% | ||
| Q1 24 | 1.5% | 1.8% |
| Q4 25 | -0.50× | 1.85× | ||
| Q3 25 | 7.05× | 1.49× | ||
| Q2 25 | -0.81× | 0.69× | ||
| Q1 25 | 5.82× | 0.75× | ||
| Q4 24 | -0.96× | 2.07× | ||
| Q3 24 | 2.66× | 1.31× | ||
| Q2 24 | 1.17× | 1.04× | ||
| Q1 24 | 0.77× | 0.63× |
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% |
WTS
Segment breakdown not available.
