Caleres Inc Financials
This page shows Caleres Inc (CAL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Near-flat sales hid a cost-structure squeeze that turned modest merchandise pressure into an operating profit collapse.
Across the recent period, sales were broadly flat while operating margin fell from6.9% to0.2% . Gross margin slipped to43.0% as SG&A rose by roughly$95M , showing a cost base that did not flex when merchandise economics weakened.
The latest year still produced
Liquidity looks inventory-funded rather than cash-rich: cash was only
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Caleres Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Caleres Inc has an operating margin of 0.2%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 29/100, suggesting thin profitability after operating expenses. This is down from 5.5% the prior year.
Caleres Inc's revenue grew a modest 1.3% year-over-year to $2.8B. This slow but positive growth earns a score of 32/100.
Caleres Inc has a moderate D/E ratio of 2.27. This balance of debt and equity financing earns a leverage score of 56/100.
Caleres Inc's current ratio of 1.02 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Caleres Inc has a free cash flow margin of 1.4%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
Caleres Inc's ROE of -1.6% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 17.5% the prior year.
Caleres Inc scores 1.89, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Caleres Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Caleres Inc generates $-10.45 in operating cash flow ($103.2M OCF vs -$9.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Caleres Inc earns $0.3 in operating income for every $1 of interest expense ($6.4M vs $18.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Caleres Inc generated $2.8B in revenue in fiscal year 2026. This represents an increase of 1.3% from the prior year.
Caleres Inc's EBITDA was $66.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 67.2% from the prior year.
Caleres Inc reported -$9.9M in net income in fiscal year 2026. This represents a decrease of 109.3% from the prior year.
Caleres Inc earned $-0.21 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 106.8% from the prior year.
Cash & Balance Sheet
Caleres Inc generated $39.4M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 28.8% from the prior year.
Caleres Inc held $29.8M in cash against $0 in long-term debt as of fiscal year 2026.
Caleres Inc paid $0.28 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Caleres Inc had 34M shares outstanding in fiscal year 2026. This represents an increase of 0.7% from the prior year.
Margins & Returns
Caleres Inc's gross margin was 43.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.
Caleres Inc's operating margin was 0.2% in fiscal year 2026, reflecting core business profitability. This is down 5.3 percentage points from the prior year.
Caleres Inc's net profit margin was -0.4% in fiscal year 2026, showing the share of revenue converted to profit. This is down 4.3 percentage points from the prior year.
Caleres Inc's ROE was -1.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 19.2 percentage points from the prior year.
Capital Allocation
Caleres Inc spent $5.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 92.2% from the prior year.
Caleres Inc invested $63.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 29.7% from the prior year.
CAL Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $790.1M+20.0% | $658.5M+7.2% | $614.2M-10.2% | $684.2M-7.7% | $740.9M+8.4% | $683.3M+3.7% | $659.2M-5.9% | $700.7M |
| Cost of Revenue | $460.1M+23.4% | $372.7M+11.1% | $335.5M-11.4% | $378.7M-8.5% | $414.0M+11.2% | $372.4M+6.4% | $350.1M-12.8% | $401.3M |
| Gross Profit | $329.9M+15.4% | $285.8M+2.5% | $278.7M-8.8% | $305.5M-6.6% | $327.0M+5.2% | $310.9M+0.6% | $309.1M+3.3% | $299.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $311.3M+15.4% | $269.7M+1.2% | $266.5M+1.9% | $261.5M-2.7% | $268.7M+0.1% | $268.3M+0.8% | $266.3M+2.6% | $259.6M |
| Operating Income | $12.0M+28.8% | $9.3M-19.8% | $11.6M-70.3% | $39.0M-31.1% | $56.7M+33.3% | $42.5M-0.5% | $42.8M+13.8% | $37.6M |
| Interest Expense | -$5.5M-22.2% | -$4.5M-18.5% | -$3.8M+3.1% | -$3.9M-34.4% | -$2.9M+12.5% | -$3.3M+11.8% | -$3.8M+36.5% | -$5.9M |
| Income Tax | $4.7M+471.5% | -$1.3M-150.3% | $2.5M-32.2% | $3.7M-70.6% | $12.7M+25.7% | $10.1M+10.1% | $9.2M+135.3% | -$26.0M |
| Net Income | $2.4M-64.5% | $6.7M-3.3% | $6.9M-75.0% | $27.8M-33.0% | $41.4M+38.3% | $30.0M-3.2% | $30.9M-48.5% | $60.0M |
| EPS (Diluted) | $0.07-65.0% | $0.20-4.8% | $0.21 | N/A | $1.19+40.0% | $0.85-3.4% | $0.88 | N/A |
CAL Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B-3.4% | $2.2B+12.8% | $1.9B+0.7% | $1.9B-3.1% | $2.0B-3.2% | $2.0B+8.5% | $1.9B+3.1% | $1.8B |
| Current Assets | $981.0M-10.8% | $1.1B+29.9% | $846.4M+1.2% | $836.5M-3.9% | $870.3M-7.4% | $939.7M+16.7% | $805.3M+2.1% | $788.9M |
| Cash & Equivalents | $34.0M-82.3% | $191.5M+477.9% | $33.1M+11.8% | $29.6M-12.0% | $33.7M-34.9% | $51.8M+68.5% | $30.7M+43.8% | $21.4M |
| Inventory | $678.2M-2.2% | $693.3M+20.9% | $573.6M+1.5% | $565.2M-3.5% | $585.9M-11.4% | $661.1M+24.6% | $530.6M-1.9% | $540.7M |
| Accounts Receivable | $180.8M+32.9% | $136.1M-15.2% | $160.4M+2.9% | $155.9M-11.5% | $176.1M+16.6% | $151.1M-8.4% | $164.9M+17.4% | $140.4M |
| Goodwill | $11.6M+133.5% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M |
| Total Liabilities | $1.5B-5.0% | $1.5B+18.2% | $1.3B+0.5% | $1.3B-4.6% | $1.4B-4.0% | $1.4B+9.5% | $1.3B+3.8% | $1.2B |
| Current Liabilities | $924.3M-8.9% | $1.0B+31.8% | $770.3M+1.6% | $757.9M-6.0% | $806.4M-6.3% | $860.4M+12.6% | $764.4M+2.9% | $743.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $616.8M+0.6% | $613.3M+1.3% | $605.2M+1.0% | $599.0M+0.1% | $598.3M-1.3% | $606.1M+6.3% | $570.3M+1.7% | $560.6M |
| Retained Earnings | $446.3M0.0% | $446.3M+1.0% | $441.9M-0.1% | $442.4M+0.6% | $439.8M-2.5% | $451.3M+6.5% | $423.8M+3.3% | $410.3M |
CAL Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.2M-102.5% | $47.3M+936.2% | -$5.7M-119.7% | $28.7M+172.1% | -$39.8M-150.0% | $79.6M+120.7% | $36.1M-16.0% | $43.0M |
| Capital Expenditures | $11.2M-9.3% | $12.3M-40.0% | $20.5M+91.3% | $10.7M-38.7% | $17.5M+58.1% | $11.1M+13.1% | $9.8M-7.6% | $10.6M |
| Free Cash Flow | -$12.4M-135.4% | $35.0M+233.5% | -$26.2M-245.8% | $18.0M+131.3% | -$57.4M-183.7% | $68.5M+160.9% | $26.3M-18.8% | $32.4M |
| Investing Cash Flow | -$121.6M-840.7% | -$12.9M+38.9% | -$21.1M-86.2% | -$11.4M+38.7% | -$18.5M-61.3% | -$11.5M-11.2% | -$10.3M+15.6% | -$12.2M |
| Financing Cash Flow | -$34.7M-128.0% | $123.9M+309.4% | $30.3M+242.1% | -$21.3M-153.0% | $40.2M+185.5% | -$47.1M-187.7% | -$16.4M+62.4% | -$43.5M |
| Dividends Paid | $2.4M+0.3% | $2.4M+0.2% | $2.4M+0.4% | $2.4M-3.7% | $2.4M-0.6% | $2.5M+0.6% | $2.4M-1.2% | $2.5M |
| Share Buybacks | $2K-60.0% | $5K-99.9% | $5.0M | $0-100.0% | $50.0M | $0-100.0% | $15.1M | $0 |
CAL Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.8%-1.6pp | 43.4%-2.0pp | 45.4%+0.7pp | 44.6%+0.5pp | 44.1%-1.4pp | 45.5%-1.4pp | 46.9%+4.2pp | 42.7% |
| Operating Margin | 1.5%+0.1pp | 1.4%-0.5pp | 1.9%-3.8pp | 5.7%-1.9pp | 7.6%+1.4pp | 6.2%-0.3pp | 6.5%+1.1pp | 5.4% |
| Net Margin | 0.3%-0.7pp | 1.0%-0.1pp | 1.1%-2.9pp | 4.1%-1.5pp | 5.6%+1.2pp | 4.4%-0.3pp | 4.7%-3.9pp | 8.6% |
| Return on Equity | 0.4%-0.7pp | 1.1%-0.1pp | 1.1%-3.5pp | 4.6%-2.3pp | 6.9%+2.0pp | 4.9%-0.5pp | 5.4%-5.3pp | 10.7% |
| Return on Assets | 0.1%-0.2pp | 0.3%-0.1pp | 0.4%-1.1pp | 1.5%-0.7pp | 2.1%+0.6pp | 1.5%-0.2pp | 1.7%-1.7pp | 3.3% |
| Current Ratio | 1.06-0.0 | 1.08-0.0 | 1.100.0 | 1.10+0.0 | 1.08-0.0 | 1.09+0.0 | 1.050.0 | 1.06 |
| Debt-to-Equity | 2.37-0.1 | 2.51+0.4 | 2.15-0.0 | 2.16-0.1 | 2.27-0.1 | 2.33+0.1 | 2.26+0.0 | 2.22 |
| FCF Margin | -1.6%-6.9pp | 5.3%+9.6pp | -4.3%-6.9pp | 2.6%+10.4pp | -7.7%-17.8pp | 10.0%+6.0pp | 4.0%-0.6pp | 4.6% |
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Frequently Asked Questions
What is Caleres Inc's annual revenue?
Caleres Inc (CAL) reported $2.8B in total revenue for fiscal year 2026. This represents a 1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Caleres Inc's revenue growing?
Caleres Inc (CAL) revenue grew by 1.3% year-over-year, from $2.7B to $2.8B in fiscal year 2026.
Is Caleres Inc profitable?
No, Caleres Inc (CAL) reported a net income of -$9.9M in fiscal year 2026, with a net profit margin of -0.4%.
What is Caleres Inc's EBITDA?
Caleres Inc (CAL) had EBITDA of $66.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Caleres Inc's gross margin?
Caleres Inc (CAL) had a gross margin of 43.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Caleres Inc's operating margin?
Caleres Inc (CAL) had an operating margin of 0.2% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Caleres Inc's net profit margin?
Caleres Inc (CAL) had a net profit margin of -0.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Caleres Inc pay dividends?
Yes, Caleres Inc (CAL) paid $0.28 per share in dividends during fiscal year 2026.
What is Caleres Inc's return on equity (ROE)?
Caleres Inc (CAL) has a return on equity of -1.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Caleres Inc's free cash flow?
Caleres Inc (CAL) generated $39.4M in free cash flow during fiscal year 2026. This represents a -28.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Caleres Inc's operating cash flow?
Caleres Inc (CAL) generated $103.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Caleres Inc's total assets?
Caleres Inc (CAL) had $2.0B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Caleres Inc's capital expenditures?
Caleres Inc (CAL) invested $63.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Caleres Inc's current ratio?
Caleres Inc (CAL) had a current ratio of 1.02 as of fiscal year 2026, which is considered adequate.
What is Caleres Inc's debt-to-equity ratio?
Caleres Inc (CAL) had a debt-to-equity ratio of 2.27 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Caleres Inc's return on assets (ROA)?
Caleres Inc (CAL) had a return on assets of -0.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Caleres Inc's Altman Z-Score?
Caleres Inc (CAL) has an Altman Z-Score of 1.89, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Caleres Inc's Piotroski F-Score?
Caleres Inc (CAL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Caleres Inc's earnings high quality?
Caleres Inc (CAL) has an earnings quality ratio of -10.45x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Caleres Inc cover its interest payments?
Caleres Inc (CAL) has an interest coverage ratio of 0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Caleres Inc?
Caleres Inc (CAL) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.