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CALERES INC（CAL）与Dream Finders Homes, Inc.（DFH）财务数据对比。点击上方公司名可切换其他公司
Dream Finders Homes, Inc.的季度营收约是CALERES INC的1.5倍（$1.2B vs $790.1M），Dream Finders Homes, Inc.净利率更高（4.8% vs 0.3%，领先4.5%），CALERES INC同比增速更快（6.6% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $-12.4M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 6.5%）
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
CAL vs DFH — 直观对比
营收规模更大
DFH
是对方的1.5倍
$790.1M
营收增速更快
CAL
高出28.9%
-22.3%
净利率更高
DFH
高出4.5%
0.3%
自由现金流更多
DFH
多$148.4M
$-12.4M
两年增速更快
DFH
近两年复合增速
6.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $790.1M | $1.2B |
| 净利润 | $2.4M | $58.8M |
| 毛利率 | 41.8% | — |
| 营业利润率 | 1.5% | 6.4% |
| 净利率 | 0.3% | 4.8% |
| 营收同比 | 6.6% | -22.3% |
| 净利润同比 | -94.2% | -54.9% |
| 每股收益（稀释后） | $0.07 | $0.57 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CALDFH
| Q4 25 | $790.1M | $1.2B | ||
| Q3 25 | $658.5M | $969.8M | ||
| Q2 25 | $614.2M | $1.2B | ||
| Q1 25 | $639.2M | $989.9M | ||
| Q4 24 | $740.9M | $1.6B | ||
| Q3 24 | $683.3M | $1.0B | ||
| Q2 24 | $659.2M | $1.1B | ||
| Q1 24 | $697.1M | $827.8M |
净利润CALDFH
| Q4 25 | $2.4M | $58.8M | ||
| Q3 25 | $6.7M | $47.0M | ||
| Q2 25 | $6.9M | $56.6M | ||
| Q1 25 | $4.9M | $54.9M | ||
| Q4 24 | $41.4M | $130.5M | ||
| Q3 24 | $30.0M | $70.7M | ||
| Q2 24 | $30.9M | $80.9M | ||
| Q1 24 | $55.7M | $54.5M |
毛利率CALDFH
| 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% | 19.2% | ||
| Q1 24 | 43.9% | 18.0% |
营业利润率CALDFH
| Q4 25 | 1.5% | 6.4% | ||
| Q3 25 | 1.4% | 6.3% | ||
| Q2 25 | 1.9% | 6.4% | ||
| Q1 25 | 1.2% | 7.2% | ||
| Q4 24 | 7.7% | 10.8% | ||
| Q3 24 | 6.2% | 9.2% | ||
| Q2 24 | 6.5% | 10.0% | ||
| Q1 24 | 4.4% | 8.6% |
净利率CALDFH
| Q4 25 | 0.3% | 4.8% | ||
| Q3 25 | 1.0% | 4.8% | ||
| Q2 25 | 1.1% | 4.9% | ||
| Q1 25 | 0.8% | 5.5% | ||
| Q4 24 | 5.6% | 8.4% | ||
| Q3 24 | 4.4% | 7.0% | ||
| Q2 24 | 4.7% | 7.7% | ||
| Q1 24 | 8.0% | 6.6% |
每股收益（稀释后）CALDFH
| Q4 25 | $0.07 | $0.57 | ||
| Q3 25 | $0.20 | $0.47 | ||
| Q2 25 | $0.21 | $0.56 | ||
| Q1 25 | $0.17 | $0.54 | ||
| Q4 24 | $1.19 | $1.28 | ||
| Q3 24 | $0.85 | $0.70 | ||
| Q2 24 | $0.88 | $0.81 | ||
| Q1 24 | $1.56 | $0.55 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $34.0M | $234.8M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $616.8M | $1.4B |
| 总资产 | $2.1B | $3.7B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资CALDFH
| Q4 25 | $34.0M | $234.8M | ||
| Q3 25 | $191.5M | $251.0M | ||
| Q2 25 | $33.1M | $210.3M | ||
| Q1 25 | $29.6M | $297.5M | ||
| Q4 24 | $33.7M | $274.4M | ||
| Q3 24 | $51.8M | $204.9M | ||
| Q2 24 | $30.7M | $274.8M | ||
| Q1 24 | $21.4M | $239.4M |
总债务CALDFH
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CALDFH
| Q4 25 | $616.8M | $1.4B | ||
| Q3 25 | $613.3M | $1.4B | ||
| Q2 25 | $605.2M | $1.3B | ||
| Q1 25 | $599.0M | $1.3B | ||
| Q4 24 | $598.3M | $1.2B | ||
| Q3 24 | $606.1M | $1.1B | ||
| Q2 24 | $570.3M | $1.0B | ||
| Q1 24 | $560.6M | $968.7M |
总资产CALDFH
| Q4 25 | $2.1B | $3.7B | ||
| Q3 25 | $2.2B | $3.8B | ||
| Q2 25 | $1.9B | $3.7B | ||
| Q1 25 | $1.9B | $3.5B | ||
| Q4 24 | $2.0B | $3.3B | ||
| Q3 24 | $2.0B | $3.3B | ||
| Q2 24 | $1.9B | $3.0B | ||
| Q1 24 | $1.8B | $2.7B |
负债/权益比CALDFH
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-1.2M | $143.6M |
| 自由现金流经营现金流 - 资本支出 | $-12.4M | $136.0M |
| 自由现金流率自由现金流/营收 | -1.6% | 11.2% |
| 资本支出强度资本支出/营收 | 1.4% | 0.6% |
| 现金转化率经营现金流/净利润 | -0.50× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $14.4M | $-126.4M |
8季度趋势，按日历期对齐
经营现金流CALDFH
| Q4 25 | $-1.2M | $143.6M | ||
| Q3 25 | $47.3M | $-131.0M | ||
| Q2 25 | $-5.7M | $-68.5M | ||
| Q1 25 | $28.7M | $-44.7M | ||
| Q4 24 | $-39.8M | $306.5M | ||
| Q3 24 | $79.6M | $-205.0M | ||
| Q2 24 | $36.1M | $-110.6M | ||
| Q1 24 | $43.0M | $-247.5M |
自由现金流CALDFH
| Q4 25 | $-12.4M | $136.0M | ||
| Q3 25 | $35.0M | $-135.7M | ||
| Q2 25 | $-26.2M | $-78.8M | ||
| Q1 25 | $18.0M | $-47.9M | ||
| Q4 24 | $-57.4M | $302.6M | ||
| Q3 24 | $68.5M | $-222.5M | ||
| Q2 24 | $26.3M | $-112.4M | ||
| Q1 24 | $32.4M | $-249.6M |
自由现金流率CALDFH
| Q4 25 | -1.6% | 11.2% | ||
| Q3 25 | 5.3% | -14.0% | ||
| Q2 25 | -4.3% | -6.8% | ||
| Q1 25 | 2.8% | -4.8% | ||
| Q4 24 | -7.7% | 19.4% | ||
| Q3 24 | 10.0% | -22.1% | ||
| Q2 24 | 4.0% | -10.6% | ||
| Q1 24 | 4.6% | -30.2% |
资本支出强度CALDFH
| Q4 25 | 1.4% | 0.6% | ||
| Q3 25 | 1.9% | 0.5% | ||
| Q2 25 | 3.3% | 0.9% | ||
| Q1 25 | 1.7% | 0.3% | ||
| Q4 24 | 2.4% | 0.3% | ||
| Q3 24 | 1.6% | 1.7% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 1.5% | 0.3% |
现金转化率CALDFH
| Q4 25 | -0.50× | 2.44× | ||
| Q3 25 | 7.05× | -2.79× | ||
| Q2 25 | -0.81× | -1.21× | ||
| Q1 25 | 5.82× | -0.81× | ||
| Q4 24 | -0.96× | 2.35× | ||
| Q3 24 | 2.66× | -2.90× | ||
| Q2 24 | 1.17× | -1.37× | ||
| Q1 24 | 0.77× | -4.54× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
