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Caleres vs Rocky Brands: CAL and RCKY compared
Caleres is the larger company: $695M of revenue in its latest quarter (Q2 FY27) against $139M for Rocky Brands (Q3 2026). Rocky Brands is growing faster (+13% against +6% a year earlier). Rocky Brands is more profitable, with an operating margin of 13.1% against 11.2%.
Where the money goes: CAL and RCKY
Caleres (CAL) · Q2 FY27
Caleres, Q2 FY27: revenue $695M (+6% year over year), operating margin 11.2%, net earnings $58.6M, operating cash flow $83.6M. The chart follows the revenue to costs, profit and cash.
Rocky Brands (RCKY) · Q3 2026
Rocky Brands, Q3 2026: revenue $139M (+13% year over year), operating margin 13.1%, net earnings $12.8M, operating cash flow $8.5M. The chart follows the revenue to costs, profit and cash.
| Caleres (CAL) | Rocky Brands (RCKY) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $695M | $139M |
| Revenue growth, Y/Y | +6% | +13% |
| Gross margin | 54.8% | 45.0% |
| Operating margin | 11.2% | 13.1% |
| Net earnings | $58.6M | $12.8M |
| Net margin | 8.4% | 9.3% |
| Operating cash flow | $83.6M | $8.5M |
| Free cash flow | $75.6M | $6.3M |
| Market value | $417M | — |
| P/E | 8.3× | — |
| Analysts’ mean target | $17.00 | — |
Where the revenue comes from
Caleres
- Total direct-to-consumer sales: $498M (72%)
- E-commerce - Company websites: $115M (17%)
- Wholesale - e-commerce: $64.4M (9%)
- Wholesale - first cost: $14.6M (2%)
Rocky Brands
- Wholesale: $99.6M (72%)
- Retail: $35.4M (26%)
- Contract Manufacturing: $3.8M (3%)
Questions
Which is bigger, Caleres or Rocky Brands?
Caleres is the larger company: $695M of revenue in its latest quarter (Q2 FY27) against $139M for Rocky Brands (Q3 2026).
Is Caleres or Rocky Brands growing faster?
Rocky Brands is growing faster (+13% against +6% a year earlier).
Which is more profitable, Caleres or Rocky Brands?
Rocky Brands is more profitable, with an operating margin of 13.1% against 11.2%.
More: Caleres earnings · how Caleres makes money · Rocky Brands earnings · how Rocky Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 10, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.