Caleres (CAL) Financials

$15.17 -0.41 (-2.63%)

As of 12:47 PM Eastern

Annual Income Statements for Caleres

This table shows Caleres' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	81	66	87	182	171	107
Consolidated Net Income / (Loss)	82	66	122	180	172	106
Net Income / (Loss) Continuing Operations	82	66	87	180	172	106
Total Pre-Tax Income	109	97	123	213	181	135
Total Operating Income	135	96	128	214	194	150
Total Gross Profit	1,048	1,062	1,169	1,285	1,263	1,222
Total Revenue	2,577	2,579	2,786	2,968	2,817	2,723
Operating Revenue	2,577	2,579	2,786	2,968	2,817	2,723
Total Cost of Revenue	1,530	1,517	1,617	1,683	1,554	1,501
Operating Cost of Revenue	1,530	1,517	1,617	1,683	1,554	1,501
Total Operating Expenses	913	966	1,041	1,071	1,069	1,072
Selling, General & Admin Expense	913	943	1,036	1,068	1,062	1,065
Restructuring Charge	0.00	23	4.92	2.91	6.10	7.17
Total Other Income / (Expense), net	-26	1.26	30	-1.29	-13	-15
Interest Expense	27	14	17	14	19	14
Other Income / (Expense), net	-	15	12	13	6.21	-0.74
Income Tax Expense	27	31	35	33	9.49	29
Net Income / (Loss) Attributable to Noncontrolling Interest	0.35	0.43	0.03	-2.05	0.44	-1.16
Basic Earnings per Share	$1.86	$1.52	$2.03	$4.98	$4.80	$3.10
Weighted Average Basic Shares Outstanding	42.46M	42.03M	43M	35.63M	35.15M	33.61M
Diluted Earnings per Share	$1.85	$1.52	$2.02	$4.92	$4.80	$3.09
Weighted Average Diluted Shares Outstanding	42.46M	42.03M	43M	35.63M	35.15M	33.61M
Weighted Average Basic & Diluted Shares Outstanding	42.46M	42.03M	43M	35.63M	35.15M	33.61M
Cash Dividends to Common per Share	$0.28	$0.28	$0.28	$0.28	$0.28	$0.28

This table shows Caleres' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	40	41	35	34	47	56	31	30	41	4.79
Consolidated Net Income / (Loss)	39	39	35	34	47	56	31	30	41	3.77
Net Income / (Loss) Continuing Operations	39	39	35	34	47	56	31	30	41	3.91
Total Pre-Tax Income	53	24	45	46	61	28	40	40	54	0.99
Total Operating Income	54	26	50	50	64	31	43	43	57	7.87
Total Gross Profit	340	281	303	314	340	306	309	311	327	275
Total Revenue	798	696	663	696	762	697	659	683	741	639
Operating Revenue	798	696	663	696	762	697	659	683	741	639
Total Cost of Revenue	458	415	360	381	422	391	350	372	414	364
Operating Cost of Revenue	458	415	360	381	422	391	350	372	414	364
Total Operating Expenses	286	255	253	264	276	275	266	268	270	267
Selling, General & Admin Expense	283	255	253	263	274	273	266	268	269	262
Total Other Income / (Expense), net	-1.01	-2.04	-4.13	-3.51	-2.94	-2.55	-2.79	-2.16	-2.88	-6.88
Other Income / (Expense), net	3.00	3.34	1.49	1.62	1.55	1.55	0.99	1.18	0.03	-2.94
Income Tax Expense	14	-15	11	12	14	-27	9.17	10	13	-2.91
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.25	-1.64	0.07	0.42	0.10	-0.15	-0.14	0.32	-0.31	-1.02
Basic Earnings per Share	$1.09	$1.15	$0.97	$0.95	$1.32	$1.56	$0.88	$0.85	$1.20	$0.17
Weighted Average Basic Shares Outstanding	35.62M	35.63M	36.27M	35.54M	35.50M	35.15M	35.13M	35.20M	33.63M	33.61M
Diluted Earnings per Share	$1.08	$1.14	$0.97	$0.95	$1.32	$1.56	$0.88	$0.85	$1.19	$0.17
Weighted Average Diluted Shares Outstanding	35.62M	35.63M	36.27M	35.54M	35.50M	35.15M	35.13M	35.20M	33.63M	33.61M
Weighted Average Basic & Diluted Shares Outstanding	35.62M	35.63M	36.27M	35.54M	35.50M	35.15M	35.13M	35.20M	33.63M	33.61M

This table details how cash moves in and out of Caleres' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2022	2023	2024
Net Change in Cash & Equivalents	51	-63	8.72	3.59	-12	8.28
Net Cash From Operating Activities	149	184	191	126	200	105
Net Cash From Continuing Operating Activities	136	174	218	126	200	105
Net Income / (Loss) Continuing Operations	82	66	87	180	172	106
Consolidated Net Income / (Loss)	82	66	87	180	172	106
Depreciation Expense	48	52	46	32	36	40
Amortization Expense	4.86	5.43	20	17	18	17
Non-Cash Adjustments To Reconcile Net Income	17	24	20	20	18	17
Changes in Operating Assets and Liabilities, net	-2.05	36	19	-123	-43	-75
Net Cash From Investing Activities	-74	-319	-51	-64	-50	-52
Net Cash From Continuing Investing Activities	-74	-319	51	-64	-50	-52
Purchase of Property, Plant & Equipment	-81	-60	-51	-64	-50	-52
Net Cash From Financing Activities	-23	73	-132	-58	-163	-45
Net Cash From Continuing Financing Activities	-23	73	1,032	-58	-163	-45
Repayment of Debt	-402	-513	-564	-842	-658	-602
Repurchase of Common Equity	-10	-27	-9.81	-63	-17	-65
Payment of Dividends	-12	-12	-12	-10	-9.95	-9.69
Issuance of Debt	398	623	454	860	533	640
Issuance of Common Equity	-	-	0.00	-2.25	-10	-7.28
Effect of Exchange Rate Changes	-1.15	0.23	0.35	-0.10	0.12	-0.09

This table details how cash moves in and out of Caleres' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-13	0.93	2.45	11	-13	-13	9.35	21	-18	-4.05
Net Cash From Operating Activities	19	80	37	88	32	43	36	80	-40	29
Net Cash From Continuing Operating Activities	19	80	37	88	32	43	36	80	-40	29
Net Income / (Loss) Continuing Operations	39	39	35	34	47	56	31	30	41	3.91
Consolidated Net Income / (Loss)	39	39	35	34	47	56	31	30	41	3.91
Depreciation Expense	8.06	8.50	8.48	8.42	8.68	11	9.40	9.74	10	11
Amortization Expense	4.38	3.92	4.34	4.42	4.38	4.38	4.20	4.18	4.15	4.07
Non-Cash Adjustments To Reconcile Net Income	5.86	4.13	2.93	6.12	4.64	4.24	2.96	4.97	4.51	4.19
Changes in Operating Assets and Liabilities, net	-38	24	-13	34	-33	-32	-11	30	-100	5.76
Net Cash From Investing Activities	-25	-19	-6.55	-10	-21	-12	-10	-11	-19	-11
Net Cash From Continuing Investing Activities	-25	-19	-6.55	-10	-21	-12	-10	-11	-19	-11
Purchase of Property, Plant & Equipment	-25	-19	-6.55	-10	-21	-12	-10	-11	-19	-11
Net Cash From Financing Activities	-7.40	-60	-28	-66	-25	-44	-16	-47	40	-21
Net Cash From Continuing Financing Activities	-7.40	-60	-28	-66	-25	-44	-16	-47	40	-21
Repayment of Debt	-255	-208	-142	-174	-135	-208	-110	-233	-139	-122
Payment of Dividends	-2.50	-2.49	-2.48	-2.52	-2.49	-2.47	-2.44	-2.46	-2.44	-2.35
Issuance of Debt	271	151	126	126	113	168	119	188	231	103
Issuance of Common Equity	0.65	-0.58	-10	1.00	-0.03	-1.06	-7.85	-0.11	0.64	0.04
Effect of Exchange Rate Changes	-0.12	0.01	-0.01	0.06	-0.06	0.13	-0.04	-0.03	0.07	-0.09

This table presents Caleres' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2022	2023	2024
Total Assets	1,303	1,475	1,489	1,836	1,805	1,895
Total Current Assets	875	844	847	831	789	837
Cash & Equivalents	118	55	64	34	21	30
Accounts Receivable	154	153	153	133	140	156
Inventories, net	547	586	569	580	541	565
Prepaid Expenses	45	40	61	50	55	55
Current Deferred & Refundable Income Taxes	11	9.66	0.00	18	14	14
Other Current Assets	-	-	-	17	17	17
Plant, Property, & Equipment, net	179	219	213	161	168	175
Total Noncurrent Assets	249	412	430	844	848	883
Goodwill	14	127	127	215	203	192
Noncurrent Deferred & Refundable Income Taxes	1.85	2.49	2.31	0.00	4.40	4.83
Employee Benefit Assets	65	32	63	83	75	78
Other Noncurrent Operating Assets	52	34	26	545	566	607
Total Liabilities & Shareholders' Equity	1,303	1,475	1,489	1,836	1,805	1,895
Total Liabilities	701	861	770	1,410	1,237	1,289
Total Current Liabilities	390	528	430	911	743	758
Short-Term Debt	0.00	110	0.00	308	182	220
Accounts Payable	238	266	273	230	252	237
Accrued Expenses	94	103	104	143	115	111
Current Deferred & Payable Income Tax Liabilities	3.52	3.60	8.22	7.65	11	6.43
Current Employee Benefit Liabilities	55	45	45	87	70	56
Other Current Liabilities	-	-	-	136	113	128
Total Noncurrent Liabilities	311	333	340	499	494	531
Noncurrent Deferred Revenue	47	51	65	7.79	2.46	2.46
Noncurrent Deferred & Payable Income Tax Liabilities	32	53	51	19	12	32
Other Noncurrent Operating Liabilities	35	32	27	472	480	497
Total Equity & Noncontrolling Interests	602	614	719	426	568	606
Total Preferred & Common Equity	601	613	717	421	561	599
Total Common Equity	601	613	717	421	561	599
Common Stock	139	122	137	181	185	191
Retained Earnings	468	522	596	266	410	442
Accumulated Other Comprehensive Income / (Loss)	-5.86	-30	-15	-27	-35	-34
Noncontrolling Interest	0.99	1.37	1.47	5.43	6.94	6.93

This table presents Caleres' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,948	1,818	1,904	1,827	1,861	2,020	1,956
Total Current Assets	921	821	915	823	805	940	870
Cash & Equivalents	33	36	47	34	31	52	34
Accounts Receivable	161	148	137	162	165	151	176
Inventories, net	649	559	661	556	531	661	586
Prepaid Expenses	49	49	47	49	54	54	51
Current Deferred & Refundable Income Taxes	12	12	6.46	5.07	8.41	5.24	6.40
Other Current Assets	17	17	17	17	17	17	17
Plant, Property, & Equipment, net	152	158	158	168	168	169	176
Total Noncurrent Assets	875	839	831	836	888	911	909
Goodwill	218	212	209	206	201	198	195
Noncurrent Deferred & Refundable Income Taxes	-	0.03	0.03	0.03	4.32	4.27	4.18
Employee Benefit Assets	107	85	86	88	76	78	79
Other Noncurrent Operating Assets	550	542	536	542	606	631	631
Total Liabilities & Shareholders' Equity	1,948	1,818	1,904	1,827	1,861	2,020	1,956
Total Liabilities	1,543	1,366	1,432	1,307	1,284	1,407	1,350
Total Current Liabilities	1,039	879	956	828	764	860	806
Short-Term Debt	365	292	244	222	191	147	239
Accounts Payable	280	262	350	257	267	396	258
Accrued Expenses	230	178	210	195	171	186	174
Current Deferred & Payable Income Tax Liabilities	31	12	19	21	14	15	18
Other Current Liabilities	133	136	134	132	121	117	118
Total Noncurrent Liabilities	504	487	476	479	520	546	543
Noncurrent Deferred Revenue	7.79	6.94	2.46	2.46	2.46	2.46	2.46
Noncurrent Deferred & Payable Income Tax Liabilities	15	19	19	20	12	12	13
Other Noncurrent Operating Liabilities	481	461	454	457	505	531	528
Total Equity & Noncontrolling Interests	405	452	472	520	577	613	606
Total Preferred & Common Equity	398	446	465	513	570	606	598
Total Common Equity	398	446	465	513	570	606	598
Common Stock	178	174	178	182	181	184	187
Retained Earnings	228	299	313	357	424	451	440
Accumulated Other Comprehensive Income / (Loss)	-7.19	-26	-26	-26	-34	-29	-29
Noncontrolling Interest	6.97	5.56	6.59	6.79	6.73	7.42	8.02

This table displays calculated financial ratios and metrics derived from Caleres' official financial filings.

Metric	2015	2016	2017	2022	2023	2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.22%	0.08%	7.99%	6.86%	-5.08%	-3.36%
EBITDA Growth	1.67%	-10.05%	21.93%	0.85%	-8.08%	-19.03%
EBIT Growth	3.44%	-17.85%	26.17%	2.76%	-11.72%	-25.69%
NOPAT Growth	7.16%	-35.82%	39.16%	20.32%	1.93%	-36.16%
Net Income Growth	-1.35%	-19.23%	84.43%	31.15%	-4.38%	-38.26%
EPS Growth	-2.12%	-17.84%	32.89%	38.20%	-2.44%	-35.63%
Operating Cash Flow Growth	25.54%	23.11%	4.22%	-25.27%	59.00%	-47.76%
Free Cash Flow Firm Growth	262.01%	-230.92%	187.07%	-90.14%	143.17%	-67.92%
Invested Capital Growth	1.48%	27.21%	-1.59%	20.00%	4.04%	9.28%
Revenue Q/Q Growth	-0.26%	1.21%	2.31%	0.58%	0.02%	-2.08%
EBITDA Q/Q Growth	2.14%	-10.40%	39.80%	-6.44%	2.27%	-11.78%
EBIT Q/Q Growth	3.15%	-16.72%	71.54%	-7.52%	1.57%	-15.51%
NOPAT Q/Q Growth	-3.32%	-29.90%	59.13%	4.56%	10.73%	-29.95%
Net Income Q/Q Growth	-5.34%	-21.20%	100.68%	3.71%	10.58%	-32.69%
EPS Q/Q Growth	-6.57%	-21.24%	44.29%	57.19%	9.59%	-31.03%
Operating Cash Flow Q/Q Growth	11.01%	-9.15%	13.32%	403.94%	-15.48%	-12.00%
Free Cash Flow Firm Q/Q Growth	-15.24%	-189.23%	178.31%	0.00%	-20.18%	-22.97%
Invested Capital Q/Q Growth	-4.38%	29.18%	-1.01%	-5.05%	2.83%	-1.89%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	40.65%	41.17%	41.95%	43.29%	44.83%	44.88%
EBITDA Margin	7.28%	6.55%	7.39%	9.32%	9.03%	7.56%
Operating Margin	5.24%	3.72%	4.58%	7.22%	6.90%	5.50%
EBIT Margin	5.24%	4.30%	5.03%	7.66%	7.12%	5.48%
Profit (Net Income) Margin	3.17%	2.56%	4.38%	6.05%	6.10%	3.90%
Tax Burden Percent	75.23%	67.95%	99.33%	84.35%	94.77%	78.50%
Interest Burden Percent	80.50%	87.63%	87.63%	93.72%	90.36%	90.64%
Effective Tax Rate	24.77%	32.05%	28.91%	15.65%	5.23%	21.50%
Return on Invested Capital (ROIC)	15.04%	8.43%	10.56%	28.18%	25.81%	15.44%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.04%	8.95%	26.72%	27.77%	20.08%	8.85%
Return on Net Nonoperating Assets (RNNOA)	-0.73%	2.43%	7.72%	19.77%	8.78%	2.64%
Return on Equity (ROE)	14.30%	10.86%	18.28%	47.95%	34.58%	18.08%
Cash Return on Invested Capital (CROIC)	13.57%	-15.52%	12.17%	10.00%	21.84%	6.57%
Operating Return on Assets (OROA)	10.73%	7.99%	9.45%	12.35%	11.02%	8.06%
Return on Assets (ROA)	6.50%	4.76%	8.22%	9.77%	9.44%	5.74%
Return on Common Equity (ROCE)	14.28%	10.84%	18.24%	47.30%	34.15%	17.87%
Return on Equity Simple (ROE_SIMPLE)	13.60%	10.78%	16.99%	42.72%	30.65%	17.71%
Net Operating Profit after Tax (NOPAT)	102	65	91	181	184	118
NOPAT Margin	3.94%	2.53%	3.26%	6.09%	6.54%	4.32%
Net Nonoperating Expense Percent (NNEP)	19.08%	-0.52%	-16.16%	0.41%	5.73%	6.58%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	24.64%	24.58%	14.25%
Cost of Revenue to Revenue	59.35%	58.83%	58.05%	56.71%	55.17%	55.12%
SG&A Expenses to Revenue	35.41%	36.54%	37.19%	35.97%	37.71%	39.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.41%	37.45%	37.37%	36.07%	37.93%	39.38%
Earnings before Interest and Taxes (EBIT)	135	111	140	227	201	149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	188	169	206	277	254	206
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	1.88	1.57	2.08	2.00	1.03
Price to Tangible Book Value (P/TBV)	2.22	4.27	2.97	4.25	3.13	1.51
Price to Revenue (P/Rev)	0.41	0.45	0.40	0.29	0.40	0.23
Price to Earnings (P/E)	12.84	17.51	12.89	4.81	6.53	5.72
Dividend Yield	1.17%	1.05%	1.07%	1.14%	0.89%	1.53%
Earnings Yield	7.79%	5.71%	7.76%	20.81%	15.31%	17.47%
Enterprise Value to Invested Capital (EV/IC)	1.65	1.62	1.48	1.65	1.77	1.02
Enterprise Value to Revenue (EV/Rev)	0.44	0.54	0.45	0.39	0.46	0.30
Enterprise Value to EBITDA (EV/EBITDA)	6.00	8.31	6.12	4.17	5.06	3.94
Enterprise Value to EBIT (EV/EBIT)	8.33	12.64	8.99	5.07	6.41	5.44
Enterprise Value to NOPAT (EV/NOPAT)	11.08	21.51	13.87	6.38	6.98	6.89
Enterprise Value to Operating Cash Flow (EV/OCF)	7.55	7.64	6.58	9.16	6.43	7.75
Enterprise Value to Free Cash Flow (EV/FCFF)	12.27	0.00	12.04	17.97	8.25	16.20
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.33	0.50	0.27	0.72	0.32	0.36
Long-Term Debt to Equity	0.33	0.32	0.27	0.00	0.00	0.00
Financial Leverage	0.18	0.27	0.29	0.71	0.44	0.30
Leverage Ratio	2.20	2.28	2.22	4.91	3.66	3.15
Compound Leverage Factor	1.77	2.00	1.95	4.60	3.31	2.86
Debt to Total Capital	24.60%	33.32%	21.55%	41.92%	24.28%	26.59%
Short-Term Debt to Total Capital	0.00%	11.94%	0.00%	41.92%	24.28%	26.59%
Long-Term Debt to Total Capital	24.60%	21.38%	21.55%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.12%	0.15%	0.16%	0.74%	0.93%	0.84%
Common Equity to Total Capital	75.28%	66.54%	78.29%	57.34%	74.79%	72.57%
Debt to EBITDA	1.05	1.82	0.96	1.11	0.72	1.07
Net Debt to EBITDA	0.42	1.49	0.65	0.99	0.63	0.92
Long-Term Debt to EBITDA	1.05	1.17	0.96	0.00	0.00	0.00
Debt to NOPAT	1.93	4.71	2.18	1.70	0.99	1.87
Net Debt to NOPAT	0.77	3.86	1.47	1.51	0.87	1.61
Long-Term Debt to NOPAT	1.93	3.02	2.18	0.00	0.00	0.00
Altman Z-Score	4.16	3.55	3.95	2.55	2.82	2.36
Noncontrolling Interest Sharing Ratio	0.15%	0.19%	0.21%	1.37%	1.24%	1.18%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	2.24	1.60	1.97	0.91	1.06	1.10
Quick Ratio	0.70	0.40	0.50	0.18	0.22	0.24
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	92	-120	105	64	156	50
Operating Cash Flow to CapEx	202.16%	308.29%	373.94%	196.57%	403.38%	202.30%
Free Cash Flow to Firm to Interest Expense	3.36	-8.74	6.03	4.50	8.06	3.58
Operating Cash Flow to Interest Expense	5.47	13.37	11.05	8.82	10.35	7.49
Operating Cash Flow Less CapEx to Interest Expense	2.76	9.04	8.09	4.34	7.78	3.79
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	2.05	1.86	1.88	1.61	1.55	1.47
Accounts Receivable Turnover	17.76	16.82	18.22	23.28	20.62	18.38
Inventory Turnover	2.81	2.68	2.80	2.86	2.77	2.71
Fixed Asset Turnover	15.68	12.96	12.90	19.08	17.15	15.89
Accounts Payable Turnover	6.74	6.02	6.00	6.00	6.45	6.14
Days Sales Outstanding (DSO)	20.56	21.71	20.03	15.68	17.70	19.86
Days Inventory Outstanding (DIO)	130.03	136.21	130.38	127.61	131.61	134.50
Days Payable Outstanding (DPO)	54.13	60.64	60.87	60.86	56.57	59.46
Cash Conversion Cycle (CCC)	96.45	97.28	89.54	82.43	92.73	94.89
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	681	866	852	700	728	796
Invested Capital Turnover	3.81	3.33	3.24	4.63	3.95	3.57
Increase / (Decrease) in Invested Capital	9.93	185	-14	117	28	68
Enterprise Value (EV)	1,126	1,403	1,259	1,153	1,287	811
Market Capitalization	1,046	1,150	1,124	873	1,119	614
Book Value per Share	$13.76	$14.28	$16.69	$11.81	$15.79	$17.81
Tangible Book Value per Share	$10.77	$6.27	$8.80	$5.76	$10.06	$12.10
Total Capital	799	921	916	734	750	825
Total Debt	197	307	197	308	182	220
Total Long-Term Debt	197	197	197	0.00	0.00	0.00
Net Debt	78	252	133	274	161	190
Capital Expenditures (CapEx)	74	60	51	64	50	52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	367	371	353	194	207	268
Debt-free Net Working Capital (DFNWC)	485	426	417	228	228	298
Net Working Capital (NWC)	485	316	417	-80	46	79
Net Nonoperating Expense (NNE)	20	-0.86	-31	1.09	12	12
Net Nonoperating Obligations (NNO)	78	252	133	274	161	190
Total Depreciation and Amortization (D&A)	53	58	66	49	54	57
Debt-free, Cash-free Net Working Capital to Revenue	14.22%	14.38%	12.66%	6.54%	7.33%	9.86%
Debt-free Net Working Capital to Revenue	18.81%	16.52%	14.96%	7.67%	8.09%	10.95%
Net Working Capital to Revenue	18.81%	12.26%	14.96%	-2.69%	1.63%	2.89%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.86	$1.52	$2.03	$4.98	$4.80	$3.10
Adjusted Weighted Average Basic Shares Outstanding	43.66M	42.96M	43.03M	35.63M	35.15M	33.61M
Adjusted Diluted Earnings per Share	$1.85	$1.52	$2.02	$4.92	$4.80	$3.09
Adjusted Weighted Average Diluted Shares Outstanding	43.66M	42.96M	43.03M	35.63M	35.15M	33.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.66M	42.96M	43.03M	35.63M	35.15M	33.61M
Normalized Net Operating Profit after Tax (NOPAT)	102	81	94	183	190	123
Normalized NOPAT Margin	3.94%	3.15%	3.38%	6.17%	6.75%	4.53%
Pre Tax Income Margin	4.22%	3.77%	4.41%	7.18%	6.44%	4.96%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	4.95	8.08	8.08	15.94	10.37	10.68
NOPAT to Interest Expense	3.72	4.75	5.24	12.67	9.53	8.43
EBIT Less CapEx to Interest Expense	2.25	3.75	5.13	11.45	7.81	6.98
NOPAT Less CapEx to Interest Expense	1.02	0.41	2.29	8.18	6.96	4.73
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	14.97%	18.32%	9.87%	5.67%	5.79%	9.14%
Augmented Payout Ratio	27.46%	59.67%	17.92%	40.85%	15.95%	70.44%

This table displays calculated financial ratios and metrics derived from Caleres' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.80%	2.53%	-9.85%	-5.80%	-4.55%	0.10%	-0.53%	-1.76%	-2.75%	-8.31%
EBITDA Growth	-29.35%	-31.40%	-22.15%	-23.38%	14.06%	13.59%	-10.26%	-10.18%	-9.91%	-58.15%
EBIT Growth	-33.25%	-38.75%	-26.63%	-28.36%	16.05%	10.61%	-14.35%	-14.83%	-14.00%	-84.74%
NOPAT Growth	-34.96%	29.16%	-22.78%	-27.61%	23.97%	42.75%	-13.20%	-13.76%	-12.06%	-49.03%
Net Income Growth	-34.18%	19.56%	-30.53%	-32.85%	19.80%	41.84%	-10.91%	-11.91%	-12.54%	-93.24%
EPS Growth	-64.94%	275.38%	-26.52%	-31.16%	22.22%	36.84%	-9.28%	-10.53%	-9.85%	-89.10%
Operating Cash Flow Growth	-64.90%	474.00%	90.48%	1,059.01%	68.33%	-46.03%	-3.80%	-9.19%	-224.48%	-33.19%
Free Cash Flow Firm Growth	-11.58%	0.00%	-109.57%	-82.37%	-70.01%	143.72%	107.14%	-114.06%	-176.24%	-213.15%
Invested Capital Growth	-23.08%	20.00%	12.38%	-2.76%	-3.93%	4.04%	4.25%	5.95%	14.54%	9.28%
Revenue Q/Q Growth	8.12%	-12.76%	-4.84%	4.95%	9.54%	-8.50%	-5.44%	3.66%	8.43%	-13.73%
EBITDA Q/Q Growth	-17.26%	-39.93%	53.52%	0.41%	23.18%	-40.18%	21.30%	0.50%	23.55%	-72.21%
EBIT Q/Q Growth	-20.65%	-48.63%	74.93%	0.47%	28.55%	-51.04%	35.46%	-0.10%	29.80%	-91.32%
NOPAT Q/Q Growth	-22.21%	7.02%	-10.75%	-2.57%	33.22%	23.23%	-45.73%	-3.20%	35.85%	-28.58%
Net Income Q/Q Growth	-23.31%	0.10%	-11.60%	-1.04%	36.81%	18.53%	-44.14%	-2.15%	35.83%	-90.84%
EPS Q/Q Growth	-21.74%	5.56%	-14.91%	-2.06%	38.95%	18.18%	-43.59%	-3.41%	40.00%	-85.71%
Operating Cash Flow Q/Q Growth	151.35%	318.69%	-52.90%	133.83%	-63.50%	34.25%	-16.04%	120.72%	-150.04%	172.05%
Free Cash Flow Firm Q/Q Growth	-17.70%	-128.40%	46.08%	239.91%	39.95%	-58.59%	-91.19%	-375.32%	-659.12%	38.55%
Invested Capital Q/Q Growth	7.23%	-5.05%	1.05%	-5.48%	5.93%	2.83%	1.25%	-3.95%	14.53%	-1.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.58%	40.38%	45.67%	45.17%	44.67%	43.86%	46.89%	45.50%	44.13%	43.04%
EBITDA Margin	8.68%	5.98%	9.64%	9.22%	10.37%	6.78%	8.70%	8.43%	9.61%	3.10%
Operating Margin	6.75%	3.71%	7.48%	7.15%	8.45%	4.41%	6.49%	6.22%	7.65%	1.23%
EBIT Margin	7.12%	4.19%	7.71%	7.38%	8.66%	4.63%	6.64%	6.40%	7.66%	0.77%
Profit (Net Income) Margin	4.92%	5.64%	5.24%	4.94%	6.17%	7.99%	4.69%	4.43%	5.55%	0.59%
Tax Burden Percent	74.27%	164.91%	76.40%	74.40%	76.47%	197.66%	77.40%	74.98%	76.40%	378.87%
Interest Burden Percent	92.96%	81.58%	88.99%	90.01%	93.20%	87.29%	91.36%	92.38%	94.86%	20.17%
Effective Tax Rate	26.21%	-64.41%	23.46%	25.60%	23.53%	-97.42%	22.95%	25.02%	23.60%	-293.06%
Return on Invested Capital (ROIC)	17.33%	28.25%	24.82%	22.37%	25.20%	34.36%	19.47%	18.99%	21.40%	17.29%
ROIC Less NNEP Spread (ROIC-NNEP)	17.23%	27.03%	23.59%	21.33%	24.34%	32.06%	18.50%	17.89%	20.28%	1.79%
Return on Net Nonoperating Assets (RNNOA)	23.85%	19.25%	15.34%	12.44%	13.66%	14.02%	7.48%	4.81%	7.07%	0.53%
Return on Equity (ROE)	41.17%	47.50%	40.15%	34.81%	38.86%	48.37%	26.94%	23.80%	28.47%	17.83%
Cash Return on Invested Capital (CROIC)	0.00%	10.00%	13.80%	25.90%	27.04%	21.84%	20.63%	19.47%	8.55%	6.57%
Operating Return on Assets (OROA)	10.99%	6.76%	11.91%	10.71%	12.92%	7.17%	10.15%	9.13%	11.26%	1.13%
Return on Assets (ROA)	7.59%	9.10%	8.10%	7.18%	9.21%	12.37%	7.18%	6.33%	8.16%	0.87%
Return on Common Equity (ROCE)	40.50%	46.85%	39.59%	34.31%	38.29%	47.77%	26.62%	23.49%	28.10%	17.62%
Return on Equity Simple (ROE_SIMPLE)	43.49%	0.00%	36.84%	31.75%	30.27%	0.00%	29.39%	26.98%	26.34%	0.00%
Net Operating Profit after Tax (NOPAT)	40	43	38	37	49	61	33	32	43	31
NOPAT Margin	4.98%	6.11%	5.73%	5.32%	6.47%	8.71%	5.00%	4.67%	5.85%	4.84%
Net Nonoperating Expense Percent (NNEP)	0.10%	1.21%	1.23%	1.05%	0.86%	2.29%	0.97%	1.11%	1.12%	15.50%
Return On Investment Capital (ROIC_SIMPLE)	-	5.80%	-	-	6.64%	8.10%	-	-	5.13%	3.75%
Cost of Revenue to Revenue	57.42%	59.62%	54.33%	54.83%	55.33%	56.14%	53.11%	54.50%	55.87%	56.96%
SG&A Expenses to Revenue	35.47%	36.66%	38.19%	37.79%	35.92%	39.14%	40.40%	39.27%	36.26%	40.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.83%	36.66%	38.19%	38.02%	36.22%	39.45%	40.40%	39.27%	36.48%	41.81%
Earnings before Interest and Taxes (EBIT)	57	29	51	51	66	32	44	44	57	4.93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	42	64	64	79	47	57	58	71	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.48	2.08	1.80	2.10	1.73	2.00	2.27	2.05	1.73	1.03
Price to Tangible Book Value (P/TBV)	5.49	4.25	3.43	3.82	2.90	3.13	3.51	3.05	2.57	1.51
Price to Revenue (P/Rev)	0.33	0.29	0.28	0.34	0.32	0.40	0.46	0.44	0.37	0.23
Price to Earnings (P/E)	5.69	4.81	4.84	6.56	5.69	6.53	7.75	7.61	6.56	5.72
Dividend Yield	1.03%	1.14%	1.24%	1.04%	1.12%	0.89%	0.76%	0.79%	0.95%	1.53%
Earnings Yield	17.57%	20.81%	20.66%	15.25%	17.57%	15.31%	12.91%	13.14%	15.25%	17.47%
Enterprise Value to Invested Capital (EV/IC)	1.80	1.65	1.50	1.77	1.53	1.77	1.99	1.90	1.54	1.02
Enterprise Value to Revenue (EV/Rev)	0.45	0.39	0.37	0.41	0.39	0.46	0.52	0.48	0.45	0.30
Enterprise Value to EBITDA (EV/EBITDA)	4.48	4.17	4.12	4.94	4.36	5.06	5.91	5.58	5.35	3.94
Enterprise Value to EBIT (EV/EBIT)	5.40	5.07	5.10	6.27	5.49	6.41	7.57	7.24	7.07	5.44
Enterprise Value to NOPAT (EV/NOPAT)	7.67	6.38	6.25	7.54	6.52	6.98	8.17	7.74	7.43	6.89
Enterprise Value to Operating Cash Flow (EV/OCF)	53.10	9.16	7.40	5.28	4.58	6.43	7.37	7.06	10.50	7.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.97	11.54	6.72	5.55	8.25	9.82	10.04	19.21	16.20
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.72	0.65	0.52	0.43	0.32	0.33	0.24	0.39	0.36
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	1.38	0.71	0.65	0.58	0.56	0.44	0.40	0.27	0.35	0.30
Leverage Ratio	5.38	4.91	4.63	4.59	4.08	3.66	3.58	3.62	3.36	3.15
Compound Leverage Factor	5.00	4.01	4.12	4.13	3.80	3.20	3.27	3.34	3.19	0.64
Debt to Total Capital	47.34%	41.92%	39.21%	34.10%	29.91%	24.28%	24.87%	19.28%	28.23%	26.59%
Short-Term Debt to Total Capital	47.34%	41.92%	39.21%	34.10%	29.91%	24.28%	24.87%	19.28%	28.23%	26.59%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.90%	0.74%	0.75%	0.92%	0.91%	0.93%	0.88%	0.98%	0.95%	0.84%
Common Equity to Total Capital	51.75%	57.34%	60.04%	64.98%	69.17%	74.79%	74.26%	79.75%	70.82%	72.57%
Debt to EBITDA	1.23	1.11	1.13	1.02	0.89	0.72	0.77	0.61	1.02	1.07
Net Debt to EBITDA	1.12	0.99	0.99	0.82	0.76	0.63	0.65	0.39	0.88	0.92
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	2.11	1.70	1.71	1.56	1.33	0.99	1.07	0.84	1.42	1.87
Net Debt to NOPAT	1.92	1.51	1.50	1.26	1.13	0.87	0.90	0.55	1.22	1.61
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.09	2.19	2.23	2.20	2.34	2.51	2.54	2.35	2.33	2.11
Noncontrolling Interest Sharing Ratio	1.63%	1.37%	1.40%	1.44%	1.49%	1.24%	1.19%	1.29%	1.31%	1.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.89	0.91	0.93	0.96	0.99	1.06	1.05	1.09	1.08	1.10
Quick Ratio	0.19	0.18	0.21	0.19	0.24	0.22	0.26	0.24	0.26	0.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	261	-74	-40	56	78	32	2.85	-7.86	-60	-37
Operating Cash Flow to CapEx	77.05%	427.31%	572.65%	848.86%	156.11%	351.10%	349.35%	693.45%	-215.12%	252.75%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	10.90	17.44	0.00	0.00	-2.36	-20.47	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	17.10	7.13	0.00	0.00	23.90	-13.67	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	15.08	2.56	0.00	0.00	20.45	-20.03	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.54	1.61	1.55	1.45	1.49	1.55	1.53	1.43	1.47	1.47
Accounts Receivable Turnover	18.26	23.28	17.57	21.60	17.45	20.62	17.98	19.48	16.47	18.38
Inventory Turnover	2.77	2.86	2.72	2.26	2.62	2.77	2.83	2.32	2.68	2.71
Fixed Asset Turnover	19.21	19.08	19.61	19.36	17.63	17.15	17.27	17.13	16.16	15.89
Accounts Payable Turnover	5.23	6.00	5.04	4.31	5.88	6.45	5.84	4.11	5.93	6.14
Days Sales Outstanding (DSO)	19.99	15.68	20.77	16.90	20.92	17.70	20.30	18.74	22.16	19.86
Days Inventory Outstanding (DIO)	131.69	127.61	134.26	161.74	139.38	131.61	128.81	157.11	136.39	134.50
Days Payable Outstanding (DPO)	69.77	60.86	72.39	84.67	62.09	56.57	62.53	88.72	61.57	59.46
Cash Conversion Cycle (CCC)	81.91	82.43	82.65	93.97	98.21	92.73	86.58	87.12	96.98	94.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	737	700	707	668	708	728	737	708	811	796
Invested Capital Turnover	3.48	4.63	4.33	4.21	3.90	3.95	3.90	4.07	3.66	3.57
Increase / (Decrease) in Invested Capital	-221	117	78	-19	-29	28	30	40	103	68
Enterprise Value (EV)	1,326	1,153	1,064	1,181	1,085	1,287	1,464	1,345	1,248	811
Market Capitalization	988	873	803	977	891	1,119	1,297	1,243	1,035	614
Book Value per Share	$10.93	$11.81	$12.53	$12.82	$14.45	$15.79	$16.22	$17.25	$17.00	$17.81
Tangible Book Value per Share	$4.94	$5.76	$6.57	$7.05	$8.64	$10.06	$10.52	$11.62	$11.46	$12.10
Total Capital	770	734	743	716	742	750	768	760	845	825
Total Debt	365	308	292	244	222	182	191	147	239	220
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	332	274	255	197	188	161	160	95	205	190
Capital Expenditures (CapEx)	25	19	6.55	10	21	12	10	11	19	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	214	194	197	155	183	207	201	174	269	268
Debt-free Net Working Capital (DFNWC)	247	228	233	202	217	228	232	226	302	298
Net Working Capital (NWC)	-118	-80	-58	-42	-5.05	46	41	79	64	79
Net Nonoperating Expense (NNE)	0.49	3.24	3.23	2.61	2.25	4.98	2.01	1.62	2.20	27
Net Nonoperating Obligations (NNO)	332	274	255	197	188	161	160	95	205	190
Total Depreciation and Amortization (D&A)	12	12	13	13	13	15	14	14	14	15
Debt-free, Cash-free Net Working Capital to Revenue	7.25%	6.54%	6.80%	5.45%	6.49%	7.33%	7.15%	6.21%	9.66%	9.86%
Debt-free Net Working Capital to Revenue	8.36%	7.67%	8.05%	7.10%	7.70%	8.09%	8.24%	8.06%	10.87%	10.95%
Net Working Capital to Revenue	-3.99%	-2.69%	-2.02%	-1.46%	-0.18%	1.63%	1.46%	2.83%	2.30%	2.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.09	$1.15	$0.97	$0.95	$1.32	$1.56	$0.88	$0.85	$1.20	$0.17
Adjusted Weighted Average Basic Shares Outstanding	35.62M	35.63M	36.27M	35.54M	35.50M	35.15M	35.13M	35.20M	33.63M	33.61M
Adjusted Diluted Earnings per Share	$1.08	$1.14	$0.97	$0.95	$1.32	$1.56	$0.88	$0.85	$1.19	$0.17
Adjusted Weighted Average Diluted Shares Outstanding	35.62M	35.63M	36.27M	35.54M	35.50M	35.15M	35.13M	35.20M	33.63M	33.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.62M	35.63M	36.27M	35.54M	35.50M	35.15M	35.13M	35.20M	33.63M	33.61M
Normalized Net Operating Profit after Tax (NOPAT)	42	18	38	38	51	22	33	32	45	5.51
Normalized NOPAT Margin	5.25%	2.60%	5.73%	5.49%	6.70%	3.09%	5.00%	4.67%	6.01%	0.86%
Pre Tax Income Margin	6.62%	3.42%	6.86%	6.64%	8.07%	4.04%	6.06%	5.91%	7.26%	0.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	10.01	14.70	0.00	0.00	13.12	19.47	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	7.21	10.98	0.00	0.00	9.57	14.87	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	7.99	10.13	0.00	0.00	9.67	13.11	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	5.20	6.41	0.00	0.00	6.12	8.51	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.96%	5.67%	6.09%	6.76%	6.42%	5.79%	5.92%	6.03%	6.23%	9.14%
Augmented Payout Ratio	50.06%	40.85%	38.89%	36.83%	21.11%	15.95%	25.32%	15.24%	47.49%	70.44%

Frequently Asked Questions About Caleres' Financials

When does Caleres's financial year end?

According to the most recent income statement we have on file, Caleres' fiscal year ends in February. Their fiscal year 2025 ended on February 1, 2025.

How has Caleres' net income changed over the last 5 years?

Caleres' net income appears to be on an upward trend, with a most recent value of $106.10 million in 2024, rising from $81.82 million in 2015. The previous period was $171.83 million in 2023.

What is Caleres's operating income?

Caleres's total operating income in 2024 was $149.86 million, based on the following breakdown:

Total Gross Profit: $1.22 billion
Total Operating Expenses: $1.07 billion

How has Caleres revenue changed over the last 5 years?

Over the last 5 years, Caleres' total revenue changed from $2.58 billion in 2015 to $2.72 billion in 2024, a change of 5.6%.

How much debt does Caleres have?

Caleres' total liabilities were at $1.29 billion at the end of 2024, a 4.2% increase from 2023, and a 83.9% increase since 2015.

How much cash does Caleres have?

In the past 5 years, Caleres' cash and equivalents has ranged from $21.36 million in 2023 to $118.15 million in 2015, and is currently $29.64 million as of their latest financial filing in 2024.

How has Caleres' book value per share changed over the last 5 years?

Over the last 5 years, Caleres' book value per share changed from 13.76 in 2015 to 17.81 in 2024, a change of 29.4%.

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This page (NYSE:CAL) was last updated on 4/15/2025 by MarketBeat.com Staff

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Caleres (CAL) Financials

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