vs
CALERES INC（CAL）与ROCKY BRANDS, INC.（RCKY）财务数据对比。点击上方公司名可切换其他公司
CALERES INC的季度营收约是ROCKY BRANDS, INC.的5.7倍（$790.1M vs $139.7M）。ROCKY BRANDS, INC.净利率更高（4.7% vs 0.3%，领先4.4%）。ROCKY BRANDS, INC.同比增速更快（9.1% vs 6.6%）。ROCKY BRANDS, INC.自由现金流更多（$16.7M vs $-12.4M）。过去两年ROCKY BRANDS, INC.的营收复合增速更高（11.2% 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。
洛基品牌公司（原洛基鞋靴公司）1932年创立于俄亥俄州纳尔逊维尔，总部至今仍设于该地。公司主营户外、工装、西部风格及军用鞋靴的设计研发、生产与销售，同时也推出各类户外与工装服饰及周边配件。
CAL vs RCKY — 直观对比
营收规模更大
CAL
是对方的5.7倍
$139.7M
营收增速更快
RCKY
高出2.5%
6.6%
净利率更高
RCKY
高出4.4%
0.3%
自由现金流更多
RCKY
多$29.1M
$-12.4M
两年增速更快
RCKY
近两年复合增速
6.5%
损益表 — Q4 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $790.1M | $139.7M |
| 净利润 | $2.4M | $6.5M |
| 毛利率 | 41.8% | 41.3% |
| 营业利润率 | 1.5% | 6.9% |
| 净利率 | 0.3% | 4.7% |
| 营收同比 | 6.6% | 9.1% |
| 净利润同比 | -94.2% | 35.7% |
| 每股收益（稀释后） | $0.07 | $0.86 |
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CALRCKY
| Q4 25 | $790.1M | $139.7M | ||
| Q3 25 | $658.5M | $122.5M | ||
| Q2 25 | $614.2M | $105.6M | ||
| Q1 25 | $639.2M | $114.1M | ||
| Q4 24 | $740.9M | $128.1M | ||
| Q3 24 | $683.3M | $114.6M | ||
| Q2 24 | $659.2M | $98.3M | ||
| Q1 24 | $697.1M | $112.9M |
净利润CALRCKY
| Q4 25 | $2.4M | $6.5M | ||
| Q3 25 | $6.7M | $7.2M | ||
| Q2 25 | $6.9M | $3.6M | ||
| Q1 25 | $4.9M | $4.9M | ||
| Q4 24 | $41.4M | $4.8M | ||
| Q3 24 | $30.0M | $5.3M | ||
| Q2 24 | $30.9M | $-1.2M | ||
| Q1 24 | $55.7M | $2.5M |
毛利率CALRCKY
| Q4 25 | 41.8% | 41.3% | ||
| Q3 25 | 43.4% | 40.2% | ||
| Q2 25 | 45.4% | 41.0% | ||
| Q1 25 | 43.0% | 41.2% | ||
| Q4 24 | 44.1% | 41.5% | ||
| Q3 24 | 45.5% | 38.1% | ||
| Q2 24 | 46.9% | 38.7% | ||
| Q1 24 | 43.9% | 39.1% |
营业利润率CALRCKY
| Q4 25 | 1.5% | 6.9% | ||
| Q3 25 | 1.4% | 9.6% | ||
| Q2 25 | 1.9% | 6.8% | ||
| Q1 25 | 1.2% | 7.6% | ||
| Q4 24 | 7.7% | 6.6% | ||
| Q3 24 | 6.2% | 8.8% | ||
| Q2 24 | 6.5% | 4.6% | ||
| Q1 24 | 4.4% | 7.1% |
净利率CALRCKY
| Q4 25 | 0.3% | 4.7% | ||
| Q3 25 | 1.0% | 5.9% | ||
| Q2 25 | 1.1% | 3.4% | ||
| Q1 25 | 0.8% | 4.3% | ||
| Q4 24 | 5.6% | 3.7% | ||
| Q3 24 | 4.4% | 4.6% | ||
| Q2 24 | 4.7% | -1.3% | ||
| Q1 24 | 8.0% | 2.3% |
每股收益（稀释后）CALRCKY
| Q4 25 | $0.07 | $0.86 | ||
| Q3 25 | $0.20 | $0.96 | ||
| Q2 25 | $0.21 | $0.48 | ||
| Q1 25 | $0.17 | $0.66 | ||
| Q4 24 | $1.19 | $0.65 | ||
| Q3 24 | $0.85 | $0.70 | ||
| Q2 24 | $0.88 | $-0.17 | ||
| Q1 24 | $1.56 | $0.34 |
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 | $2.9M |
| 总债务越低越好 | — | $122.6M |
| 股东权益账面价值 | $616.8M | $252.1M |
| 总资产 | $2.1B | $477.5M |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资CALRCKY
| Q4 25 | $34.0M | $2.9M | ||
| Q3 25 | $191.5M | $3.3M | ||
| Q2 25 | $33.1M | $2.8M | ||
| Q1 25 | $29.6M | $2.6M | ||
| Q4 24 | $33.7M | $3.7M | ||
| Q3 24 | $51.8M | $3.7M | ||
| Q2 24 | $30.7M | $4.1M | ||
| Q1 24 | $21.4M | $3.1M |
总债务CALRCKY
| Q4 25 | — | $122.6M | ||
| Q3 25 | — | $139.0M | ||
| Q2 25 | — | $132.5M | ||
| Q1 25 | — | $128.6M | ||
| Q4 24 | — | $128.7M | ||
| Q3 24 | — | $150.3M | ||
| Q2 24 | — | $152.4M | ||
| Q1 24 | — | $156.0M |
股东权益CALRCKY
| Q4 25 | $616.8M | $252.1M | ||
| Q3 25 | $613.3M | $246.1M | ||
| Q2 25 | $605.2M | $239.1M | ||
| Q1 25 | $599.0M | $236.2M | ||
| Q4 24 | $598.3M | $232.2M | ||
| Q3 24 | $606.1M | $228.3M | ||
| Q2 24 | $570.3M | $223.8M | ||
| Q1 24 | $560.6M | $225.3M |
总资产CALRCKY
| Q4 25 | $2.1B | $477.5M | ||
| Q3 25 | $2.2B | $494.0M | ||
| Q2 25 | $1.9B | $471.0M | ||
| Q1 25 | $1.9B | $468.2M | ||
| Q4 24 | $2.0B | $457.3M | ||
| Q3 24 | $2.0B | $475.0M | ||
| Q2 24 | $1.9B | $467.9M | ||
| Q1 24 | $1.8B | $466.5M |
负债/权益比CALRCKY
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.69× |
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 | $17.6M |
| 自由现金流经营现金流 - 资本支出 | $-12.4M | $16.7M |
| 自由现金流率自由现金流/营收 | -1.6% | 12.0% |
| 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× | 2.70× |
| 过去12个月自由现金流最近4个季度 | $14.4M | $9.7M |
8季度趋势，按日历期对齐
经营现金流CALRCKY
| Q4 25 | $-1.2M | $17.6M | ||
| Q3 25 | $47.3M | $-3.3M | ||
| Q2 25 | $-5.7M | $812.0K | ||
| Q1 25 | $28.7M | $1.2M | ||
| Q4 24 | $-39.8M | $24.4M | ||
| Q3 24 | $79.6M | $4.5M | ||
| Q2 24 | $36.1M | $6.5M | ||
| Q1 24 | $43.0M | $17.4M |
自由现金流CALRCKY
| Q4 25 | $-12.4M | $16.7M | ||
| Q3 25 | $35.0M | $-5.2M | ||
| Q2 25 | $-26.2M | $-2.4M | ||
| Q1 25 | $18.0M | $529.0K | ||
| Q4 24 | $-57.4M | $22.9M | ||
| Q3 24 | $68.5M | $3.5M | ||
| Q2 24 | $26.3M | $4.6M | ||
| Q1 24 | $32.4M | $17.1M |
自由现金流率CALRCKY
| Q4 25 | -1.6% | 12.0% | ||
| Q3 25 | 5.3% | -4.2% | ||
| Q2 25 | -4.3% | -2.2% | ||
| Q1 25 | 2.8% | 0.5% | ||
| Q4 24 | -7.7% | 17.9% | ||
| Q3 24 | 10.0% | 3.0% | ||
| Q2 24 | 4.0% | 4.7% | ||
| Q1 24 | 4.6% | 15.2% |
资本支出强度CALRCKY
| Q4 25 | 1.4% | 0.6% | ||
| Q3 25 | 1.9% | 1.5% | ||
| Q2 25 | 3.3% | 3.0% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 2.4% | 1.2% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 1.5% | 0.2% |
现金转化率CALRCKY
| Q4 25 | -0.50× | 2.70× | ||
| Q3 25 | 7.05× | -0.46× | ||
| Q2 25 | -0.81× | 0.23× | ||
| Q1 25 | 5.82× | 0.25× | ||
| Q4 24 | -0.96× | 5.08× | ||
| Q3 24 | 2.66× | 0.85× | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 0.77× | 6.82× |
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% |
RCKY
| Wholesale | $79.6M | 57% |
| Retail1 | $57.0M | 41% |
| Contract Manufacturing | $3.2M | 2% |
