CAL
Caleres, Inc.
CAL has a slight edge over GME overall, supported by stronger modeled upside and lower modeled downside.
GME
GameStop Corp.
GME offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
CAL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Healthy |
CAL's balance sheet is currently healthy, and its revenue, profitability and cash flow are stable.
GME Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Unavailable |
GME's profitability and cash flow are currently strong, and its revenue is stable. There isn't enough data to rate its balance sheet.
CAL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.8x | $7.30 | -45% |
| Forward | 6.1x | $13.20 | — |
| Fair | 6.3x | $9.45 | -28% |
| Expensive | 8.5x | $12.88 | -2.4% |
| Current | 8.7x | $13.20 | — |
Historical ranges are pointers, not guarantees.
CAL's PE is in its expensive range at 8.7x. If earnings grow as analysts expect, today's price would be 6.1x next year's earnings, in its fair range.
GME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $25.62 | — |
| Cheap | 18x | $27.96 | +9.1% |
| Forward | 38x | $25.62 | — |
| Fair | 43x | $66.84 | +161% |
| Expensive | 252x | $388 | +1414% |
Historical ranges are pointers, not guarantees.
GME has the edge over CAL in the historical PE scenario, which offers more potential upside but is not a forecast.
CAL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
CAL has the edge over GME on the outlook, with more favorable valuation and earnings expectations.
GME Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect GME's earnings and revenue to decline, with profitability weakening.
CAL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.15 | +42% |
| Q3 2026 | $1.51 | -15% |
| Q2 2026 | $0.00 | -100% |
| Q1 2026 | -$0.21 | -107% |
| Q4 2025 | $0.65 | -85% |
| Q3 2025 | $1.77 | -62% |
| Q2 2025 | $2.42 | -49% |
| Q1 2025 | $3.09 | -36% |
| Q4 2024 | $4.48 | +2.3% |
CAL's earnings per share have fallen from their peak: $1.51 over the past year, against $5.13 in mid-2022.
GME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | -56% |
| Q3 2026 | $1.54 | +93% |
| Q2 2026 | $1.34 | +153% |
| Q1 2026 | $0.77 | +133% |
| Q4 2025 | $0.89 | +394% |
| Q3 2025 | $0.80 | +515% |
| Q2 2025 | $0.53 | +563% |
| Q1 2025 | $0.33 | +1550% |
| Q4 2024 | $0.18 | +$0.21 |
GME has the edge over CAL on earnings, with more consistent year-over-year improvement.
CAL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $695.5M | +5.6% |
| Q2 2026 | $666.6M | +8.5% |
| Q1 2026 | $695.1M | +8.7% |
| Q4 2025 | $790.1M | +6.6% |
| Q3 2025 | $658.5M | -3.6% |
| Q2 2025 | $614.2M | -6.8% |
| Q1 2025 | $639.2M | -8.3% |
| Q4 2024 | $740.9M | -2.8% |
CAL has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +9.8 points |
| Q2 2026 | 3.6% | +1.7 points |
| Q1 2026 | -3.8% | -5 points |
| Q4 2025 | 1.5% | -6.1 points |
| Q3 2025 | 1.4% | -4.8 points |
| Q2 2025 | 1.9% | -4.6 points |
| Q1 2025 | 1.2% | -3.2 points |
| Q4 2024 | 7.7% | -0.8 points |
CAL's operating margin was 11% last quarter, up 9.8 points from the same quarter a year ago, near the top of its range since 2019.
GME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $790.2M | -19% |
| Q2 2026 | $835.3M | +14% |
| Q1 2026 | $1.1B | -14% |
| Q4 2025 | $821M | -4.6% |
| Q3 2025 | $972.2M | +22% |
| Q2 2025 | $732.4M | -17% |
| Q1 2025 | $1.3B | -28% |
| Q4 2024 | $860.3M | -20% |
GME's revenue has slid since its 2022 peak: $790M last quarter, down 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +13 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 12% | +6 points |
| Q4 2025 | 5% | +8.9 points |
| Q3 2025 | 6.8% | +9.6 points |
| Q2 2025 | -1.5% | +4.3 points |
| Q1 2025 | 6.2% | +3.1 points |
| Q4 2024 | -3.9% | -2.5 points |
GME has the edge over CAL on profitability, with a higher operating margin.
CAL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $75.6M | +116% |
| Q2 2026 | -$39M | -$12.8M |
| Q1 2026 | $43.1M | +140% |
| Q4 2025 | -$12.4M | +$45M |
| Q3 2025 | $35M | -49% |
| Q2 2025 | -$26.2M | -200% |
| Q1 2025 | $18M | -44% |
| Q4 2024 | -$57.4M | -539% |
CAL's free cash flow has turned positive again: $67M over the past year, against −$31M the year before.
GME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.7M | -46% |
| Q2 2026 | $332.9M | +76% |
| Q1 2026 | $187.4M | +18% |
| Q4 2025 | $107M | +435% |
| Q3 2025 | $113.3M | +73% |
| Q2 2025 | $189.6M | +$304.3M |
| Q1 2025 | $158.8M | +$177.5M |
| Q4 2024 | $20M | +80% |
GME has the edge over CAL on cash flow, with more consistent year-over-year improvement.
CAL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +77K shares |
| 1 year | +0.6% | +206K shares |
| 3 years | -4.2% | -1.5M shares |
CAL has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $3.1M |
| Q1 2026 | $7,000 |
| Q4 2025 | $2,000 |
| Q3 2025 | $5,000 |
| Q2 2025 | $5M |
| Q1 2025 | — |
| Q4 2024 | $50M |
CAL spent $3M buying back its own shares over the past year, down 94% from the year before.
GME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +300K shares |
| 1 year | +8.4% | +46.1M shares |
| 3 years | +94% | +288M shares |
| 5 years | +104% | +302M shares |
| Available history | +80% | +264M shares |
GME has 593M diluted shares, up 8.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q1 2020 | $21.8M |
| Q4 2019 | $114M |
CAL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 4.0x | High |
| Q4 2025 | 3.3x | Elevated |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.9x | Very low |
CAL's net debt is about 1.6 years of its operating earnings (EBITDA), up from 1.4 years a year ago.
GME Net Leverage
CAL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.4 | Neutral |
| Stochastic | 49.9 | Neutral |
CAL's weekly RSI is 52 (neutral) and its Stochastic is 50 (neutral).
GME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 68.5 | Neutral |
GME's weekly RSI is 60 (neutral) and its Stochastic is 69 (neutral).
CAL PE vs Consumer Cyclical Sector
| Metric | CAL | Sector median | Relative |
|---|---|---|---|
| PE | 8.7x | 18x | 51% below |
| PE % | 85 | 47 | 38 pts above |
CAL has the edge over GME on valuation relative to its sector.
GME PE vs Consumer Cyclical Sector
| Metric | GME | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 7.7% below |
| PE % | 15 | 47 | 32 pts below |
GME is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
CAL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.8 | 3.4% above |
| 20 week MA | $12.6 | 4.4% above |
| 50 week MA | $12.6 | 4.5% above |
| 100 week MA | $14.0 | 5.6% below |
| 200 week MA | $22.0 | 40% below |
CAL has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 40% below its 200-week average.
GME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.2 | 1.8% above |
| 20 week MA | $22.4 | 15% above |
| 50 week MA | $22.6 | 13% above |
| 100 week MA | $24.0 | 7% above |
| 200 week MA | $21.8 | 17% above |
GME has the edge over CAL on trend strength, trading above more of its moving averages.
CAL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.6 | $13.5 | -43% |
| 2021 | $13.5 | $21.9 | +62% |
| 2022 | $21.9 | $21.8 | -0.5% |
| 2023 | $21.8 | $30.7 | +41% |
| 2024 | $30.7 | $23.4 | -24% |
| 2025 | $23.4 | $13.3 | -43% |
| 2026 YTD | $13.3 | $13.2 | -0.6% |
CAL has finished lower in four of the last six years. It's down 0.6% so far in 2026.
GME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.48 | $5.04 | +241% |
| 2021 | $5.04 | $38.0 | +655% |
| 2022 | $38.0 | $20.1 | -47% |
| 2023 | $20.1 | $17.5 | -13% |
| 2024 | $17.5 | $32.2 | +84% |
| 2025 | $32.2 | $21.1 | -35% |
| 2026 YTD | $21.1 | $25.6 | +21% |
GME has the edge over CAL on returns for 2026, with the stronger performance.