Caleres, Inc.
CAL Consumer Cyclical Apparel Retail
Caleres, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $2.8 billion, up 1.29% from fiscal 2025. In the quarter to July 2026, revenue grew 5.61%, EPS grew 760.0% and free cash flow grew 118.9%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
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Caleres, Inc. (CAL) Piotroski F-score
Caleres, Inc.'s Piotroski F-score for fiscal 2026 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 4 | (3.00) |
| FY2025 | 7 | 0.00 |
| FY2024 | 7 | 0.00 |
| FY2023 | 7 | (1.00) |
| FY2022 | 8 | 4.00 |
| FY2021 | 4 | (2.00) |
| FY2020 | 6 | 2.00 |
| FY2019 | 4 | (5.00) |
| FY2018 | 9 | 3.00 |
| FY2017 | 6 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (0.35%) | 5.59% | Fail | 0 |
| Positive operating cash flow | 103.18m | 104.56m | Pass | 1 |
| Rising return on assets | (0.35%) | 5.59% | Fail | 0 |
| Cash flow above net income | 109.87m | 1.15m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 1.02 | 1.10 | Fail | 0 |
| No new shares issued | 32,518,000 | 33,397,000 | Pass | 1 |
| Rising gross margin | 42.96% | 44.88% | Fail | 0 |
| Rising asset turnover | 1.43 | 1.47 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CTRN Citi Trends, Inc. compare | 8 |
| ZUMZ Zumiez Inc. compare | 8 |
| LE Lands' End, Inc. compare | 7 |
| GCO Genesco Inc. compare | 7 |
| SFIX Stitch Fix, Inc. compare | 5 |
| SHOE Shoe Station Group Inc. compare | 5 |
| JILL J.Jill, Inc. compare | 4 |
| CAL Caleres, Inc. | 4 |
| CURV Torrid Holdings Inc. compare | 1 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover