Cato Corp. (CATO) intrinsic value & 10-year financials
Cato Corp. (CATO) has a Graham intrinsic value of $0.28 per share. At $2.35 on Oct 17, 2026, the stock trades 739% above that value. Over the last 10 fiscal years revenue shrank 4.2% a year to $646.8M, with an average return on invested capital of 1.4%.
- Graham intrinsic value
- $0.28
- Share price (Oct 17, 2026)
- $2.35
- Price vs Graham value
- 739% above
- Market cap
- $44.1M
- Revenue (FY2026)
- $646.8M
- Revenue growth (10-yr CAGR)
- -4.2%
- ROIC (10-yr avg)
- 1.4%
- Free cash flow (FY2026)
- -$5.2M
CATO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $646.8M | -$5.9M | -$0.31 | -$5.2M | -2.0% | -4.3% |
| FY2025 | $642.1M | -$18.1M | -$0.97 | -$27.6M | -4.1% | -10.7% |
| FY2024 | $700.3M | -$23.9M | -$1.17 | -$12.1M | -2.0% | -4.8% |
| FY2023 | $752.4M | $29.0K | $0.00 | -$6.1M | 0.2% | 0.3% |
| FY2022 | $761.4M | $36.8M | $1.65 | $55.7M | 5.1% | 10.2% |
| FY2021 | $567.5M | -$47.5M | -$2.01 | -$44.7M | -12.8% | -11.5% |
| FY2020 | $816.2M | $35.9M | $1.46 | $45.1M | 5.3% | 9.6% |
| FY2019 | $821.1M | $30.5M | $1.23 | $55.9M | 4.0% | 10.4% |
| FY2018 | $842.0M | $8.5M | $0.34 | $24.9M | 1.9% | 2.4% |
| FY2017 | $947.4M | $47.2M | $1.72 | $44.8M | — | 12.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CATO CORP is facing top-line stagnation, with revenue contracting over the decade.
CATO CORP has historically struggled to out-earn its cost of capital, averaging just 1.4% ROIC.
Over the decade, CATO CORP shows that management has aggressively returned capital to shareholders by retiring 30.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CATO CORP is modeled at -4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.28 per share.