Cato (CATO)


Market Price (10/1/2026): $2.39 | Market Cap: $45.4 MilSector: Consumer Discretionary | Industry: Apparel Retail

Cato (CATO)


Market Price (10/1/2026): $2.39
Market Cap: $45.4 Mil
Sector: Consumer Discretionary
Industry: Apparel Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Direct-to-Consumer Brands, Online Marketplaces, Show more.

Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -143%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.3%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.1%, Rev Chg QQuarterly Revenue Change % is -6.2%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%

Key risks
CATO key risks include [1] a failure to adapt to the e-commerce landscape, Show more.

0 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Direct-to-Consumer Brands, Online Marketplaces, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -143%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.3%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.1%, Rev Chg QQuarterly Revenue Change % is -6.2%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%
6 Key risks
CATO key risks include [1] a failure to adapt to the e-commerce landscape, Show more.

CATO in ETFs

Weight = CATO's share of each fund

VTI0.00%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/30/2026

Cato (CATO) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Significant Decline in Fiscal Q2 2027 Earnings and Sales. Cato reported a substantial decrease in financial performance for its second fiscal quarter ended August 1, 2026. Net income plunged to $1.1 million, or $0.06 per diluted share, an 83.2% decline from $6.8 million, or $0.35 per diluted share, in the prior-year quarter (fiscal Q2 2026). Quarterly sales also fell by 6% to $163.9 million from $174.7 million in the same period a year earlier. This decline was further evidenced by a 3.7% decrease in same-store sales and a 340-basis-point contraction in gross margin, from 36.2% to 32.8%, attributed to lower merchandise margins and occupancy-cost deleveraging.

2. Expanded Store Closure Program Reflecting Underperformance. On September 18, 2026, Cato announced plans to close approximately 70 additional underperforming stores in the third and fourth fiscal quarters of 2027, bringing the total planned fiscal 2027 store closures to about 120 locations. While management expects this larger closure program to improve operating results in fiscal 2027 and beyond, the decision to close a significant number of stores highlights ongoing performance challenges within the retail footprint. The company anticipates incurring between $1.0 million and $1.3 million in exit costs for these additional closures through the end of fiscal 2027.

Show more
Updated on 9/30/2026

Cato (CATO) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Significant Decline in Fiscal Q2 2027 Earnings and Sales. Cato reported a substantial decrease in financial performance for its second fiscal quarter ended August 1, 2026. Net income plunged to $1.1 million, or $0.06 per diluted share, an 83.2% decline from $6.8 million, or $0.35 per diluted share, in the prior-year quarter (fiscal Q2 2026). Quarterly sales also fell by 6% to $163.9 million from $174.7 million in the same period a year earlier. This decline was further evidenced by a 3.7% decrease in same-store sales and a 340-basis-point contraction in gross margin, from 36.2% to 32.8%, attributed to lower merchandise margins and occupancy-cost deleveraging.

2. Expanded Store Closure Program Reflecting Underperformance. On September 18, 2026, Cato announced plans to close approximately 70 additional underperforming stores in the third and fourth fiscal quarters of 2027, bringing the total planned fiscal 2027 store closures to about 120 locations. While management expects this larger closure program to improve operating results in fiscal 2027 and beyond, the decision to close a significant number of stores highlights ongoing performance challenges within the retail footprint. The company anticipates incurring between $1.0 million and $1.3 million in exit costs for these additional closures through the end of fiscal 2027.

3. Persistent Negative Impact of Macroeconomic Headwinds. Throughout the period, Cato's management consistently cited ongoing pressure on customers' discretionary income as a core reason for the weaker financial results and challenging outlook. This pressure stems from broader macroeconomic factors such as inflation, elevated fuel prices, and higher interest rates. Management specifically stated that they do not expect marginal stores to improve appreciably in the current economic environment, leading to the accelerated store closures.

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Stock Movement Drivers

Fundamental Drivers

The -26.2% change in CATO stock from 6/30/2026 to 9/30/2026 was primarily driven by a -28.0% change in the company's P/S Multiple.
(LTM values as of)63020269302026Change
Stock Price ($)3.242.39-26.2%
Change Contribution By: 
Total Revenues ($ Mil)655644-1.7%
P/S Multiple0.10.1-28.0%
Shares Outstanding (Mil)20194.2%
Cumulative Contribution-26.2%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 9/30/2026
ReturnCorrelation
CATO-26.2% 
Market (SPY)2.1%24.4%
Sector (XLY)-7.2%38.6%

Fundamental Drivers

The -15.5% change in CATO stock from 3/31/2026 to 9/30/2026 was primarily driven by a -18.2% change in the company's P/S Multiple.
(LTM values as of)33120269302026Change
Stock Price ($)2.832.39-15.5%
Change Contribution By: 
Total Revenues ($ Mil)654644-1.6%
P/S Multiple0.10.1-18.2%
Shares Outstanding (Mil)20194.9%
Cumulative Contribution-15.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 9/30/2026
ReturnCorrelation
CATO-15.5% 
Market (SPY)17.6%7.2%
Sector (XLY)0.1%19.2%

Fundamental Drivers

The -43.2% change in CATO stock from 9/30/2025 to 9/30/2026 was primarily driven by a -42.0% change in the company's P/S Multiple.
(LTM values as of)93020259302026Change
Stock Price ($)4.212.39-43.2%
Change Contribution By: 
Total Revenues ($ Mil)651644-1.1%
P/S Multiple0.10.1-42.0%
Shares Outstanding (Mil)1919-1.0%
Cumulative Contribution-43.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 9/30/2026
ReturnCorrelation
CATO-43.2% 
Market (SPY)15.4%17.4%
Sector (XLY)-8.6%25.6%

Fundamental Drivers

The -64.8% change in CATO stock from 9/30/2023 to 9/30/2026 was primarily driven by a -60.8% change in the company's P/S Multiple.
(LTM values as of)93020239302026Change
Stock Price ($)6.792.39-64.8%
Change Contribution By: 
Total Revenues ($ Mil)731644-11.9%
P/S Multiple0.20.1-60.8%
Shares Outstanding (Mil)19192.1%
Cumulative Contribution-64.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 9/30/2026
ReturnCorrelation
CATO-64.8% 
Market (SPY)84.5%16.5%
Sector (XLY)38.3%19.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CATO Return84%-42%-17%-40%-21%-22%-67%
Peers Return10%-33%28%14%5%35%54%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
CATO Win Rate67%25%42%33%50%33% 
Peers Win Rate47%37%57%58%52%58% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
CATO Max Drawdown-23%-50%-32%-54%-42%-38% 
Peers Max Drawdown-25%-57%-42%-34%-36%-31% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CTRN, CURV, ROST, TJX, BURL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/30/2026 (YTD)

How Low Can It Go

EventCATOS&P 500
2025 US Tariff Shock
  % Loss-33.6%-18.8%
  % Gain to Breakeven50.7%23.1%
  Time to Breakeven129 days79 days
2020 COVID-19 Crash
  % Loss-47.1%-33.7%
  % Gain to Breakeven88.9%50.9%
  Time to Breakeven431 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.0%-19.2%
  % Gain to Breakeven29.9%23.8%
  Time to Breakeven249 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-11.9%-12.2%
  % Gain to Breakeven13.5%13.9%
  Time to Breakeven45 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.2%-17.9%
  % Gain to Breakeven33.6%21.8%
  Time to Breakeven127 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-13.1%-15.4%
  % Gain to Breakeven15.0%18.2%
  Time to Breakeven59 days125 days

Compare to CTRN, CURV, ROST, TJX, BURL

In The Past

Cato's stock fell -33.6% during the 2025 US Tariff Shock. Such a loss loss requires a 50.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCATOS&P 500
2025 US Tariff Shock
  % Loss-33.6%-18.8%
  % Gain to Breakeven50.7%23.1%
  Time to Breakeven129 days79 days
2020 COVID-19 Crash
  % Loss-47.1%-33.7%
  % Gain to Breakeven88.9%50.9%
  Time to Breakeven431 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.0%-19.2%
  % Gain to Breakeven29.9%23.8%
  Time to Breakeven249 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.2%-17.9%
  % Gain to Breakeven33.6%21.8%
  Time to Breakeven127 days123 days
2008-2009 Global Financial Crisis
  % Loss-22.8%-53.4%
  % Gain to Breakeven29.5%114.4%
  Time to Breakeven139 days1085 days
Summer 2007 Credit Crunch
  % Loss-25.0%-8.6%
  % Gain to Breakeven33.3%9.5%
  Time to Breakeven795 days47 days

Compare to CTRN, CURV, ROST, TJX, BURL

In The Past

Cato's stock fell -33.6% during the 2025 US Tariff Shock. Such a loss loss requires a 50.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Cato (CATO)

The Cato Corporation (CATO) is a specialty retailer primarily focused on fashion apparel and accessories. The company serves customers mainly in the southeastern United States, operating a network of over 1,300 physical stores across 32 states, complemented by its e-commerce websites. Its retail operations encompass several well-known brand names, including Cato, Cato Fashions, It's Fashion, and Versona.

Cato's extensive product selection caters to diverse fashion preferences, offering dressy, career, and casual sportswear, along with dresses, coats, shoes, lingerie, costume jewelry, and handbags. The company also provides apparel lines for men, kids, and infants. In addition to its core retail segment, Cato operates a Credit segment, offering private label credit card services and layaway plans to its customers.

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The Kohl's of the Southeast for value fashion.

A budget-friendly Old Navy that offers its own store credit and layaway.

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  • Fashion Apparel and Accessories: Retail sale of a wide range of clothing for women, men, and children, along with accessories like shoes, jewelry, and handbags, through its stores and e-commerce websites.
  • Credit Services: Provision of private label credit cards and layaway payment plans to customers to support their purchases.

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The Cato Corporation (CATO) primarily sells its products directly to individual consumers through its retail stores and e-commerce websites.

The company serves the following categories of customers:

  1. Women seeking fashion apparel and accessories: This includes women looking for a range of styles such as dressy, career, and casual sportswear, as well as dresses, coats, shoes, lingerie, costume jewelry, and handbags. The company's brands like Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona cater to various fashion needs and preferences for women.
  2. Parents and guardians purchasing clothing for children and infants: Cato offers dedicated lines for kids and infants, providing apparel for younger demographics.
  3. Men seeking apparel: The company also offers men's wear, catering to male customers.

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John P. Derham Cato
Chairman, President and Chief Executive Officer

Mr. Cato was appointed Chief Executive Officer in May 1999 and Chairman in January 2004. He has been an officer of The Cato Corporation since 1981 and a Director since 1986. He served as Chief Operating Officer from August 1996 to May 1999 and as President since 1997. From 1989 to 1996, he managed Cato Corp.'s off-price division, "It's Fashion!", serving as Executive Vice President and as President and General Manager, and was responsible for turning around that division. Mr. Cato spearheaded a major strategic and financial turnaround at The Cato Corporation in the years leading up to his CEO appointment. He is also the largest individual shareholder, holding approximately 6.84% of the company's shares.

Charles D. Knight
Executive Vice President and Chief Financial Officer

Mr. Knight succeeded John R. Howe as Executive Vice President and Chief Financial Officer effective January 17, 2022. Before joining The Cato Corporation, Mr. Knight served as Executive Vice President, Chief Financial Officer, and previously Senior Vice President, Chief Accounting Officer, at The Vitamin Shoppe. Prior to that, he was Senior Vice President, Corporate Controller for Toys "R" Us.

Gordon D. Smith
Executive Vice President and Chief Real Estate & Store Development Officer

Mr. Smith is the Executive Vice President and Chief Real Estate & Store Development Officer. His responsibilities include managing the company's store footprint, with plans to close up to 50 underperforming stores in 2025.

Jeffrey R. Shock
Senior Vice President and Controller

Mr. Shock serves as the Senior Vice President and Controller of The Cato Corporation.

Woody Cozart
Senior Vice President of GMM - Fashion Division

Mr. Cozart serves as a Senior Vice President of GMM - Fashion Division at The Cato Corporation.

AI Analysis | Feedback

Here are the key risks to The Cato Corporation's business:

  1. Macroeconomic Headwinds and Pressure on Consumer Discretionary Spending: The Cato Corporation's primary customer base is highly sensitive to economic shifts. A macroeconomic slowdown, coupled with factors like inflation, high interest rates, and cautious consumer spending habits, directly impacts the company's sales and profitability. Fiscal year 2024 saw sales drop, and management remains cautious about future economic conditions impacting consumer behavior. This also contributes to increased credit risk, as evidenced by a rise in bad debt expense on the company's credit card, reflecting financial strain on their customer base.
  2. Intense Competition and Failure to Adapt to Evolving Retail Landscape: Cato operates in a highly competitive apparel retail market, facing significant threats from larger, more digitally adept retailers such as TJX Companies, Ross Stores, and Amazon. The company's business model, still heavily reliant on its physical store base, creates structural cost issues and leaves it vulnerable to rivals who dominate both physical and digital landscapes. There is a continuous operational risk associated with the ability to predict and respond to rapidly changing fashion trends and consumer demands.
  3. Supply Chain Disruptions and Tariffs: The Cato Corporation sources approximately 98% of its apparel from overseas, making it highly susceptible to supply chain volatility, geopolitical uncertainties, and trade policy shifts, particularly tariffs. These external factors directly increase product acquisition costs, and for a company operating in the value-priced fashion segment, passing on higher prices could deter its budget-conscious customer base. Supply chain interruptions and late merchandise deliveries have already negatively impacted the company's performance.

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Clear Emerging Threats:

  • The rapid ascent and market dominance of ultra-fast fashion e-commerce retailers (e.g., Shein, Temu). These online platforms offer exceptionally low-priced, trend-driven apparel with rapid product cycles and direct-to-consumer models, posing a significant competitive threat to Cato's traditional retail and e-commerce apparel business by capturing price-sensitive and trend-conscious consumers.
  • The widespread adoption and growth of third-party "Buy Now, Pay Later" (BNPL) financial services (e.g., Affirm, Afterpay, Klarna). These services offer consumers flexible payment options across multiple retailers without requiring a dedicated store credit card, thereby diminishing the unique value proposition and potential revenue contribution of Cato's in-house credit card and layaway programs.

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The addressable markets for Cato Corporation's main products, fashion apparel and accessories, are substantial within the United States.

The U.S. apparel market is valued at approximately $365.70 billion in 2025.

For fashion accessories, the U.S. market generated an estimated revenue of $222.07 billion in 2024 and is projected to grow to approximately $342.99 billion by 2030.

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Expected Drivers of Future Revenue Growth for The Cato Corporation (CATO)

  • Consistent Same-Store Sales Growth: The Cato Corporation has demonstrated recent positive trends in same-store sales, with a 10% increase in Q3 2025 and a 6% rise year-to-date for fiscal 2025. This indicates an ability to generate increased revenue from its existing store base.
  • Strategic Optimization of Store Footprint and Growth Initiatives within Existing Retail Concepts: While the company has been rationalizing its store count by closing underperforming locations (e.g., 16 year-to-date as of November 1, 2025), management is focused on balancing this optimization with growth initiatives across its Cato, Versona, and It's Fashion retail concepts. This strategy aims to enhance profitability and sales efficiency from a streamlined and focused store portfolio.
  • Recovery and Stabilization from Past Operational Disruptions: The company has noted that improved sales trends in 2025 were partly due to easier comparisons with 2024, when sales were negatively impacted by supply chain disruptions and major hurricanes. A continued return to more normalized operational conditions and inventory flow is expected to contribute positively to revenue growth.
  • Effective Expense and Inventory Management to Drive Sales: Management has emphasized maintaining tight control over expenses and inventory, particularly in anticipation of challenging economic conditions. While primarily cost-focused, these measures are intended to support efforts to "drive sales" by potentially allowing for competitive pricing, efficient merchandise flow, and better allocation of resources to attract customers.

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Capital Allocation Decisions (2021-2025)

Share Repurchases

  • As of January 28, 2023, The Cato Corporation had 197,769 shares remaining in open repurchase authorizations.
  • From the fiscal year-end through March 23, 2023, the Company repurchased 163,580 shares for approximately $1.5 million.
  • The Board of Directors increased the open share repurchase authorization by one million shares at its February 23, 2023 meeting.

Capital Expenditures

  • For the fiscal year ended February 1, 2025, capital expenditures were $13.7 million.
  • For the fiscal year ended February 3, 2024, capital expenditures were $13.1 million.
  • For the fiscal year ended January 28, 2023, capital expenditures amounted to $15.5 million.

Better Bets vs. Cato (CATO)

Peer Outperformance in Apparel Retail

CATO has trailed 76% of its 25 Apparel Retail peers over 5Y. Apparel Retail ranks 14th of 23 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Apparel Retail constituents that CATO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
15%
of 27 industry peers · -43.2% return
3Y
15%
of 27 industry peers · -64.8% return
5Y
24%
of 25 industry peers · -82.1% return
No Apparel Retail peer with a comparable growth profile has beaten CATO by more than 20pp over 5Y.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Apparel Retail is CATO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -20.9%73.2%68.2% CVSA 226% · LINC 224% · PRDO 206%
Homebuilding 18 -10.6%32.5%49.4% GRBK 217% · PHM 164% · TOL 157%
Specialty Stores 7 0.9%36.5%24.2% SIG 34% · FIVE 26% · ASO 25%
Hotels, Resorts & Cruise Lines 22 14.0%43.2%-2.1% RCL 198% · MAR 138% · HLT 133%
Home Improvement Retail 5 -27.8%-5.9%-2.1% HVT 18% · LOW 0% · HD -2%
Automotive Retail 18 -19.8%-6.2%-4.0% MUSA 207% · PAG 122% · ORLY 112%
Home Furnishings 4 -7.3%24.1%-14.3% SGI 41% · LZB 2% · MHK -30%
Distributors 4 -14.0%-26.6%-14.7% ARMK 119% · GPC 19% · LKQ -49%
Footwear 9 52.5%50.8%-16.9% WEYS 184% · DECK 28% · SHOO 24%
Restaurants 36 -10.4%-12.8%-20.1% EAT 271% · CAKE 140% · BH-A 110%
Specialized Consumer Services 10 -17.8%10.7%-20.9% HRB 89% · FTDR 74% · SCI 36%
Leisure Products 13 -27.1%-23.0%-39.4% GOLF 83% · HAS 20% · MCFT -24%
Automotive Parts & Equipment 38 -13.2%-13.3%-42.1% MOD 1468% · GTX 269% · CAAS 87%
Apparel Retail ← 26 2.4%8.8%-42.8% ANF 247% · URBN 151% · ROST 122%
Household Appliances 18 -3.6%-2.0%-43.4% FLXS 210% · HBB 186% · KEQU 165%
Computer & Electronics Retail 3 -9.6%47.0%-44.3% BBY 6% · GME -44% · UPBD -63%
Leisure Facilities 11 0.1%-12.9%-44.9% JAKK 123% · OSW 121% · ESCA 23%
Apparel, Accessories & Luxury Goods 29 -11.4%10.3%-48.2% TPR 244% · RL 241% · ELA 197%
Broadline Retail 15 0.1%23.7%-49.0% DDS 391% · EBAY 66% · AMZN 52%
Casinos & Gaming 20 -22.0%-34.1%-50.1% MCRI 84% · RRR 17% · RSI 7%
Consumer Electronics 11 -15.3%-23.1%-73.4% AXIL 3079% · GRMN 105% · SONO -45%
Automobile Manufacturers 8 -77.8%-50.9%-75.9% GM 51% · TSLA 37% · F 16%
Other Specialty Retail 18 -38.7%-48.6%-81.1% TLF 99% · BBW 76% · WINA 60%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CATOCTRNCURVROSTTJXBURLMedian
NameCato Citi Tre.Torrid Ross Sto.TJX Comp.Burlingt. 
Mkt Price2.3949.862.31235.14133.55274.7491.71
Mkt Cap0.0--74.7147.417.346.0
Rev LTM644--24,51262,36312,21718,364
Op Inc LTM-15--3,3707,9159882,179
FCF LTM2--2,7905,8763901,590
FCF 3Y Avg-13--2,0324,7901451,088
CFO LTM5--3,6618,0341,4152,538
CFO 3Y Avg-7--2,8316,7691,0891,960

Growth & Margins

CATOCTRNCURVROSTTJXBURLMedian
NameCato Citi Tre.Torrid Ross Sto.TJX Comp.Burlingt. 
Rev Chg LTM-1.1%--14.0%7.7%10.9%9.3%
Rev Chg 3Y Avg-4.1%--8.6%6.8%10.3%7.7%
Rev Chg Q-6.2%--13.3%5.4%11.0%8.2%
QoQ Delta Rev Chg LTM-1.7%--3.1%1.3%2.5%1.9%
Op Inc Chg LTM40.3%--30.6%22.2%29.2%29.9%
Op Inc Chg 3Y Avg-39.5%--19.3%15.7%30.0%17.5%
Op Mgn LTM-2.3%--13.7%12.7%8.1%10.4%
Op Mgn 3Y Avg-3.0%--12.6%11.6%7.1%9.4%
QoQ Delta Op Mgn LTM-1.0%--1.5%0.4%0.8%0.6%
CFO/Rev LTM0.8%--14.9%12.9%11.6%12.2%
CFO/Rev 3Y Avg-1.0%--12.5%11.5%9.7%10.6%
FCF/Rev LTM0.3%--11.4%9.4%3.2%6.3%
FCF/Rev 3Y Avg-1.9%--9.0%8.1%1.3%4.7%

Valuation

CATOCTRNCURVROSTTJXBURLMedian
NameCato Citi Tre.Torrid Ross Sto.TJX Comp.Burlingt. 
Mkt Cap0.0--74.7147.417.346.0
P/S0.1--3.02.41.41.9
P/Op Inc-3.1--22.218.617.518.1
P/EBIT-5.7--21.118.217.017.6
P/E-8.1--28.124.324.224.2
P/CFO8.4--20.418.412.215.3
Total Yield-12.3%--4.3%5.5%4.3%4.3%
Dividend Yield0.0%--0.7%1.3%0.0%0.4%
FCF Yield 3Y Avg-17.3%--3.9%3.3%0.7%2.0%
D/E3.1--0.10.10.30.2
Net D/E1.0--0.00.10.30.2

Returns

CATOCTRNCURVROSTTJXBURLMedian
NameCato Citi Tre.Torrid Ross Sto.TJX Comp.Burlingt. 
1M Rtn-8.4%-26.7%5.2%3.1%-0.3%5.8%1.4%
3M Rtn-27.1%-11.5%33.0%11.2%-11.5%-12.8%-11.5%
6M Rtn-15.8%13.1%27.9%7.3%-17.0%-17.0%-4.3%
12M Rtn-43.2%60.7%32.3%55.6%-6.5%8.0%20.1%
3Y Rtn-64.8%124.4%4.8%114.4%56.2%103.1%79.6%
1M Excs Rtn-8.0%-26.3%5.7%3.5%0.2%6.2%1.9%
3M Excs Rtn-29.4%-13.6%30.8%8.9%-13.8%-15.1%-13.7%
6M Excs Rtn-32.7%-1.5%13.2%-8.4%-33.2%-33.3%-20.6%
12M Excs Rtn-58.0%46.0%17.7%41.2%-20.8%-8.7%4.5%
3Y Excs Rtn-142.6%65.6%7.3%43.8%-19.8%26.1%16.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Retail651647705757767
Credit33322
Total654650708759769


Operating Income by Segment
$ Mil20052004200220001999
Retail4945634733
Credit55454
Total5549665237


Assets by Segment
$ Mil20242023202220212020
Retail448515595549637
Credit3839384248
Total487553634591685


Price Behavior

Price Behavior
Market Price$2.39 
Market Cap ($ Bil)0.0 
First Trading Date04/23/1987 
Distance from 52W High-47.8% 
   50 Days200 Days
DMA Price$2.89$3.05
DMA Trenddowndown
Distance from DMA-17.3%-21.6%
 3M1YR
Volatility60.3%53.9%
Downside Capture284.05135.70
Upside Capture78.1746.76
Correlation (SPY)24.1%17.2%
CATO Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.400.721.330.320.720.66
Up Beta-2.04-1.66-0.91-0.82-0.010.48
Down Beta3.376.693.971.030.970.88
Up Capture-12%-29%77%24%36%12%
Bmk +ve Days6162766132424
Stock +ve Days6152756111332
Down Capture148%293%240%100%122%99%
Bmk -ve Days16263760120328
Stock -ve Days13233260125384

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CATO
CATO-43.2%53.8%-0.86-
Sector ETF (XLY)-9.1%19.4%-0.6125.6%
Equity (SPY)15.9%13.0%0.8717.4%
Gold (GLD)8.1%29.6%0.264.1%
Commodities (DBC)43.1%20.8%1.61-4.0%
Real Estate (VNQ)2.2%13.6%-0.0913.5%
Bitcoin (BTCUSD)-27.1%44.5%-0.5812.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CATO
CATO-29.7%52.9%-0.47-
Sector ETF (XLY)4.4%24.1%0.1426.0%
Equity (SPY)13.2%17.2%0.5924.4%
Gold (GLD)18.2%18.9%0.78-1.1%
Commodities (DBC)10.6%19.6%0.423.9%
Real Estate (VNQ)0.5%18.9%-0.0820.5%
Bitcoin (BTCUSD)13.9%52.3%0.4411.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CATO
CATO-18.9%51.4%-0.21-
Sector ETF (XLY)11.9%22.2%0.4929.1%
Equity (SPY)15.4%17.9%0.7326.8%
Gold (GLD)11.8%16.4%0.58-0.9%
Commodities (DBC)8.4%18.1%0.387.8%
Real Estate (VNQ)4.5%20.7%0.1826.5%
Bitcoin (BTCUSD)63.6%66.2%1.0310.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 83120260.2%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest4.5 days
Basic Shares Quantity19.0 Mil
Short % of Basic Shares2.0%

Earnings Returns History

Updated 9/27/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/25/2026-0.7%-6.5%-12.9%
5/26/20260.7%0.7%4.9%
3/23/2026-5.1%-4.8%1.7%
11/24/202512.3%16.9%1.0%
8/26/2025-1.3%6.8%8.1%
5/27/2025-5.9%-4.4%2.2%
3/24/2025-7.4%-5.4%-31.8%
11/25/2024-6.1%-12.7%8.0%
...
SUMMARY STATS   
# Positive81011
# Negative131110
Median Positive1.7%4.5%4.4%
Median Negative-2.8%-4.4%-4.1%
Max Positive12.3%16.9%18.8%
Max Negative-19.0%-12.7%-31.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/25/2026-0.7%-6.5%-12.9%
5/26/20260.7%0.7%4.9%
3/23/2026-5.1%-4.8%1.7%
11/24/202512.3%16.9%1.0%
8/26/2025-1.3%6.8%8.1%
5/27/2025-5.9%-4.4%2.2%
3/24/2025-7.4%-5.4%-31.8%
11/25/2024-6.1%-12.7%8.0%
8/27/20240.0%1.9%1.9%
5/28/2024-0.8%4.0%2.5%
3/25/20240.7%0.6%-8.4%
11/20/2023-0.1%-1.2%4.4%
8/21/2023-2.0%-0.4%-3.8%
5/22/20235.8%1.4%-0.8%
5/23/20222.2%9.0%-2.7%
3/22/2022-2.8%-1.8%-4.4%
11/17/2021-19.0%-11.6%-18.4%
8/20/20211.7%4.9%-0.2%
5/21/2021-3.9%-2.3%7.3%
3/19/2021-0.7%6.1%18.8%
11/20/20201.7%-2.8%-3.1%
SUMMARY STATS   
# Positive81011
# Negative131110
Median Positive1.7%4.5%4.4%
Median Negative-2.8%-4.4%-4.1%
Max Positive12.3%16.9%18.8%
Max Negative-19.0%-12.7%-31.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202608/27/202610-Q
04/30/202605/28/202610-Q
01/31/202603/25/202610-K
10/31/202511/25/202510-Q
07/31/202508/28/202510-Q
04/30/202505/29/202510-Q
01/31/202503/31/202510-K
10/31/202411/26/202410-Q
07/31/202408/29/202410-Q
04/30/202405/30/202410-Q
01/31/202403/27/202410-K
10/31/202311/21/202310-Q
07/31/202308/23/202310-Q
04/30/202305/25/202310-Q
01/31/202303/23/202310-K
10/31/202211/22/202210-Q
Collapse to Preview
Report DateFiling DateFiling
07/31/202608/27/202610-Q
04/30/202605/28/202610-Q
01/31/202603/25/202610-K
10/31/202511/25/202510-Q
07/31/202508/28/202510-Q
04/30/202505/29/202510-Q
01/31/202503/31/202510-K
10/31/202411/26/202410-Q
07/31/202408/29/202410-Q
04/30/202405/30/202410-Q
01/31/202403/27/202410-K
10/31/202311/21/202310-Q
07/31/202308/23/202310-Q
04/30/202305/25/202310-Q
01/31/202303/23/202310-K
10/31/202211/22/202210-Q
07/31/202208/25/202210-Q
04/30/202205/26/202210-Q
01/31/202203/23/202210-K
10/31/202111/19/202110-Q
07/31/202108/25/202110-Q
04/30/202105/27/202110-Q
01/31/202103/29/202110-K
10/31/202011/24/202010-Q
07/31/202008/27/202010-Q
04/30/202006/04/202010-Q
01/31/202003/27/202010-K
10/31/201911/26/201910-Q
Core Cache Last Updated: 9/30/2026