CAL Consumer Cyclical

Caleres, Inc.

$13.17-2.80%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Consumer Cyclical
Industry: Apparel Retail
Country: United States
Market cap: 454.4M USD
Enterprise value: 1.3B USD
Full-time employees: 5,000

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.11 vs a peer median of 1.48) and more debt relative to equity (1.29× vs a peer median of 0.46×)higher risk: less liquidity (current ratio 1.11 vs peers 1.48) and more debt vs equity (1.29× vs peers 0.46×)
About average: profitability

Ranks #958 of 1,502 consumer cyclical companies (bottom 37%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. FY Jan 2026 operating profit includes a $3M gain on selling assets; without it the operating margin was about 0.1%.
Caleres's FY Jan 2026 operating profit of $6M includes a one-off $3M gain on selling assets or businesses. Without it, operations would have earned $3M, an operating margin of about 0.1%.
Sales growing faster than profits. Since FY Jan 2023: revenue −7.1%, operating profit −97%.
Since FY Jan 2023, Caleres's revenue changed −7.1% while operating profit fell 97%: costs rose faster than sales.
Profit is backed by cash. Free cash flow is 136% of reported profit.
Caleres's free cash flow is 136% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

45/ 100

Oct 5 45 → Nov 4 45

Valuation

Is the price right?

74/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 2.7% (existing holders diluted)

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 75 → 74

Share price +1.5%-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Earnings yield
▲ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield10.9%

SEC filings · 12 months to Aug 2026Reported value30% base weight · Z-score 1.97Sector median: 0.0439 · MAD: 0.0329

EBITDA yield9.6%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.18Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield14.8%

SEC filings · 12 months to Aug 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.59Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield148.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

39/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-17.7%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.86Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth-0.1%

SEC filings · 3 years to Aug 2026Reported value33% base weight · Z-score -0.68Sector median: 0.0425 · MAD: 0.0636

Revenue growth7.3%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score 0.55Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

42/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Turned profitable over the last 12 months
Operating margin rose 2.4 points to 3.1%

Why it changed since the Oct 27, 2026 close: Score 43 → 42

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ ROIC
▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin3.1%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.72Sector median: 0.0638 · MAD: 0.0461

Return on assets2.3%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.39Sector median: 0.0331 · MAD: 0.0254

Return on invested capital11.0%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score 0.62Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin46.2%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity7.3%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.74

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.35Sector median: 0.6345 · MAD: 0.2980

Current ratio1.11×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.66Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.29×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -2.31Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Caleres

Is Caleres getting weaker?: Its latest SEC filing (Sep 10, 2026) was mixed: some things better, some worse: turned profitable over the last 12 months; operating margin rose 2.4 points to 3.1%. Its overall score is unchanged at 45/100 since Oct 28, 2026.
How is Caleres valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 74/100 against 1,612 consumer cyclical peers. Earnings yield 10.9% vs a peer median of 4.4% (stronger than 89% of peers).Earnings yield 10.9% vs peers 4.4% (stronger than 89% of peers).
Is Caleres growing?: More slowly than most of its peers. Growth scores 39/100 against 1,612 consumer cyclical peers. Revenue growth 7.3% vs a peer median of 3.7% (stronger than 66% of peers).Revenue growth 7.3% vs peers 3.7% (stronger than 66% of peers). Earnings per share growth -17.7% vs a peer median of 4.2% (weaker than 71% of peers).Earnings per share growth -17.7% vs peers 4.2% (weaker than 71% of peers).
How profitable is Caleres?: About as profitable as its peers. Profitability scores 42/100 against 1,612 consumer cyclical peers. Return on invested capital 11.0% vs a peer median of 7.3% (stronger than 66% of peers).Return on invested capital 11.0% vs peers 7.3% (stronger than 66% of peers). Operating margin 3.1% vs a peer median of 6.4% (weaker than 72% of peers).Operating margin 3.1% vs peers 6.4% (weaker than 72% of peers).
How risky is Caleres?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 1.29× vs a peer median of 0.46× (weaker than 78% of peers).Debt / equity 1.29× vs peers 0.46× (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Aug 1, 2026 · filed Sep 10, 2026 · compared with the quarter ended May 2, 2026

Mixed: some things better, some worse

Turned profitable over the last 12 months
Operating margin rose 2.4 points to 3.1%
Share count up 2.7% (existing holders diluted)

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.8B USD	2.8B USD	+1.3%
Net income (12 months)	−2.5M USD	49.4M USD	turned positive
Operating margin	0.7%	3.1%	+2.4 pts
Free cash flow (12 months)	26.7M USD	67.3M USD	+152.6%
Cash	37.7M USD	50.9M USD	+34.9%
Shares outstanding	33.6M	34.5M	+2.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Apparel Retail companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jan 2022	FY Jan 2023	FY Jan 2024	FY Jan 2025	FY Jan 2026	Change
Gross margin	44.2%	43.3%	44.8%	44.9%	43.0%	▼ 1.9 pts
Operating margin	7.4%	7.2%	6.9%	5.5%	0.2%	▼ 5.3 pts
Net margin	4.9%	6.1%	6.1%	3.9%	-0.2%	▼ 4.2 pts
Return on assets (ROA)	7.4%	9.9%	9.5%	5.7%	-0.3%	▼ 6.0 pts
Return on equity (ROE)	43.0%	43.2%	30.6%	17.9%	-1.1%	▼ 19 pts
Free cash flow margin	5.4%	2.4%	5.5%	2.0%	1.4%	▼ 0.6 pts
Current ratio	0.82×	0.91×	1.06×	1.10×	1.02×	▼ 7.5%
Quick ratio	0.23×	0.28×	0.33×	0.36×	0.30×	▼ 17%
Debt to equity	0.00×	—	—	—	—	—

CAL price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.11 vs a peer median of 1.48) and more debt relative to equity (1.29× vs a peer median of 0.46×)higher risk: less liquidity (current ratio 1.11 vs peers 1.48) and more debt vs equity (1.29× vs peers 0.46×)

About average: profitability

Ranks #958 of 1,502 consumer cyclical companies (bottom 37%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. FY Jan 2026 operating profit includes a $3M gain on selling assets; without it the operating margin was about 0.1%.

Caleres's FY Jan 2026 operating profit of $6M includes a one-off $3M gain on selling assets or businesses. Without it, operations would have earned $3M, an operating margin of about 0.1%.

Sales growing faster than profits. Since FY Jan 2023: revenue −7.1%, operating profit −97%.

Since FY Jan 2023, Caleres's revenue changed −7.1% while operating profit fell 97%: costs rose faster than sales.

Profit is backed by cash. Free cash flow is 136% of reported profit.

Caleres's free cash flow is 136% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Caleres

Is Caleres getting weaker?

Its latest SEC filing (Sep 10, 2026) was mixed: some things better, some worse: turned profitable over the last 12 months; operating margin rose 2.4 points to 3.1%. Its overall score is unchanged at 45/100 since Oct 28, 2026.

How is Caleres valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 74/100 against 1,612 consumer cyclical peers. Earnings yield 10.9% vs a peer median of 4.4% (stronger than 89% of peers).Earnings yield 10.9% vs peers 4.4% (stronger than 89% of peers).

Is Caleres growing?

More slowly than most of its peers. Growth scores 39/100 against 1,612 consumer cyclical peers. Revenue growth 7.3% vs a peer median of 3.7% (stronger than 66% of peers).Revenue growth 7.3% vs peers 3.7% (stronger than 66% of peers). Earnings per share growth -17.7% vs a peer median of 4.2% (weaker than 71% of peers).Earnings per share growth -17.7% vs peers 4.2% (weaker than 71% of peers).

How profitable is Caleres?

About as profitable as its peers. Profitability scores 42/100 against 1,612 consumer cyclical peers. Return on invested capital 11.0% vs a peer median of 7.3% (stronger than 66% of peers).Return on invested capital 11.0% vs peers 7.3% (stronger than 66% of peers). Operating margin 3.1% vs a peer median of 6.4% (weaker than 72% of peers).Operating margin 3.1% vs peers 6.4% (weaker than 72% of peers).

How risky is Caleres?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 1.29× vs a peer median of 0.46× (weaker than 78% of peers).Debt / equity 1.29× vs peers 0.46× (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.8B USD

2.8B USD

+1.3%

Net income (12 months)

−2.5M USD

49.4M USD

turned positive

Operating margin

0.7%

3.1%

+2.4 pts

Free cash flow (12 months)

26.7M USD

67.3M USD

+152.6%

Cash

37.7M USD

50.9M USD

+34.9%

Shares outstanding

33.6M

34.5M

+2.7%

Key ratios

FY Jan 2022

FY Jan 2023

FY Jan 2024

FY Jan 2025

FY Jan 2026

Change

Gross margin

44.2%

43.3%

44.8%

44.9%

43.0%

▼ 1.9 pts

Operating margin

7.4%

7.2%

6.9%

5.5%

0.2%

▼ 5.3 pts

Net margin

4.9%

6.1%

3.9%

-0.2%

▼ 4.2 pts

Return on assets (ROA)

7.4%

9.9%

9.5%

5.7%

-0.3%

▼ 6.0 pts

Return on equity (ROE)

43.0%

43.2%

30.6%

17.9%

-1.1%

▼ 19 pts

Free cash flow margin

5.4%

2.4%

5.5%

2.0%

1.4%

▼ 0.6 pts

Current ratio

0.82×

0.91×

1.06×

1.10×

1.02×

▼ 7.5%

Quick ratio

0.23×

0.28×

0.33×

0.36×

0.30×

▼ 17%

Debt to equity

0.00×

—