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Side-by-side financial comparison of Apellis Pharmaceuticals, Inc. (APLS) and SHOE CARNIVAL INC (SCVL). Click either name above to swap in a different company.

SHOE CARNIVAL INC is the larger business by last-quarter revenue ($297.2M vs $199.9M, roughly 1.5× Apellis Pharmaceuticals, Inc.). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs -29.5%, a 34.4% gap on every dollar of revenue. On growth, SHOE CARNIVAL INC posted the faster year-over-year revenue change (-3.2% vs -5.9%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M vs $-14.3M). Over the past eight quarters, Apellis Pharmaceuticals, Inc.'s revenue compounded faster (7.7% CAGR vs 3.0%).

Apellis Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing targeted therapies that modulate the complement system to address serious unmet medical needs. Its core products target ophthalmic conditions like geographic atrophy secondary to age-related macular degeneration, as well as rare hematological and autoimmune disorders, with primary operations in the United States and European markets.

Shoe Carnival Inc. is an American retailer of family footwear. The company operates 429 stores throughout the midwest, south, and southeast regions, and Puerto Rico. It was founded by David Russell in 1978 and is headquartered in Fort Mill, South Carolina as of 2025.

APLS vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.5× larger
SCVL
$297.2M
$199.9M
APLS
Growing faster (revenue YoY)
SCVL
SCVL
+2.8% gap
SCVL
-3.2%
-5.9%
APLS
Higher net margin
SCVL
SCVL
34.4% more per $
SCVL
4.9%
-29.5%
APLS
More free cash flow
SCVL
SCVL
$34.0M more FCF
SCVL
$19.7M
$-14.3M
APLS
Faster 2-yr revenue CAGR
APLS
APLS
Annualised
APLS
7.7%
3.0%
SCVL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
APLS
APLS
SCVL
SCVL
Revenue
$199.9M
$297.2M
Net Profit
$-59.0M
$14.6M
Gross Margin
37.6%
Operating Margin
-25.6%
6.3%
Net Margin
-29.5%
4.9%
Revenue YoY
-5.9%
-3.2%
Net Profit YoY
-62.2%
-23.9%
EPS (diluted)
$-0.40
$0.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APLS
APLS
SCVL
SCVL
Q4 25
$199.9M
$297.2M
Q3 25
$458.6M
$306.4M
Q2 25
$178.5M
$277.7M
Q1 25
$166.8M
$262.9M
Q4 24
$212.5M
$306.9M
Q3 24
$196.8M
$332.7M
Q2 24
$199.7M
$300.4M
Q1 24
$172.3M
$280.2M
Net Profit
APLS
APLS
SCVL
SCVL
Q4 25
$-59.0M
$14.6M
Q3 25
$215.7M
$19.2M
Q2 25
$-42.2M
$9.3M
Q1 25
$-92.2M
$14.7M
Q4 24
$-36.4M
$19.2M
Q3 24
$-57.4M
$22.6M
Q2 24
$-37.7M
$17.3M
Q1 24
$-66.4M
$15.5M
Gross Margin
APLS
APLS
SCVL
SCVL
Q4 25
37.6%
Q3 25
38.8%
Q2 25
34.5%
Q1 25
34.9%
Q4 24
36.0%
Q3 24
36.1%
Q2 24
35.6%
Q1 24
35.6%
Operating Margin
APLS
APLS
SCVL
SCVL
Q4 25
-25.6%
6.3%
Q3 25
48.7%
8.2%
Q2 25
-18.6%
4.3%
Q1 25
-50.0%
5.3%
Q4 24
-12.3%
8.0%
Q3 24
-24.0%
9.0%
Q2 24
-14.7%
7.5%
Q1 24
-36.0%
7.1%
Net Margin
APLS
APLS
SCVL
SCVL
Q4 25
-29.5%
4.9%
Q3 25
47.0%
6.3%
Q2 25
-23.6%
3.4%
Q1 25
-55.3%
5.6%
Q4 24
-17.1%
6.3%
Q3 24
-29.2%
6.8%
Q2 24
-18.9%
5.8%
Q1 24
-38.5%
5.5%
EPS (diluted)
APLS
APLS
SCVL
SCVL
Q4 25
$-0.40
$0.53
Q3 25
$1.67
$0.70
Q2 25
$-0.33
$0.34
Q1 25
$-0.74
$0.53
Q4 24
$-0.30
$0.70
Q3 24
$-0.46
$0.82
Q2 24
$-0.30
$0.63
Q1 24
$-0.54
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APLS
APLS
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$466.2M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$370.1M
$683.2M
Total Assets
$1.1B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLS
APLS
SCVL
SCVL
Q4 25
$466.2M
$107.7M
Q3 25
$479.2M
$91.9M
Q2 25
$370.0M
$93.0M
Q1 25
$358.4M
$123.1M
Q4 24
$411.3M
$91.1M
Q3 24
$396.9M
$84.5M
Q2 24
$360.1M
$69.5M
Q1 24
$325.9M
$111.2M
Total Debt
APLS
APLS
SCVL
SCVL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$93.1M
Stockholders' Equity
APLS
APLS
SCVL
SCVL
Q4 25
$370.1M
$683.2M
Q3 25
$401.2M
$670.7M
Q2 25
$156.3M
$653.6M
Q1 25
$164.2M
$649.0M
Q4 24
$228.5M
$635.7M
Q3 24
$237.1M
$618.5M
Q2 24
$264.3M
$597.8M
Q1 24
$266.7M
$583.4M
Total Assets
APLS
APLS
SCVL
SCVL
Q4 25
$1.1B
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$821.4M
$1.1B
Q1 25
$807.3M
$1.1B
Q4 24
$885.1M
$1.1B
Q3 24
$901.9M
$1.1B
Q2 24
$904.5M
$1.1B
Q1 24
$831.9M
$1.0B
Debt / Equity
APLS
APLS
SCVL
SCVL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APLS
APLS
SCVL
SCVL
Operating Cash FlowLast quarter
$-14.2M
$33.6M
Free Cash FlowOCF − Capex
$-14.3M
$19.7M
FCF MarginFCF / Revenue
-7.1%
6.6%
Capex IntensityCapex / Revenue
0.1%
4.7%
Cash ConversionOCF / Net Profit
2.30×
TTM Free Cash FlowTrailing 4 quarters
$45.0M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLS
APLS
SCVL
SCVL
Q4 25
$-14.2M
$33.6M
Q3 25
$108.5M
$13.3M
Q2 25
$4.4M
$-9.6M
Q1 25
$-53.4M
$44.5M
Q4 24
$19.4M
$17.3M
Q3 24
$34.1M
$23.7M
Q2 24
$-8.3M
$17.1M
Q1 24
$-133.0M
$53.4M
Free Cash Flow
APLS
APLS
SCVL
SCVL
Q4 25
$-14.3M
$19.7M
Q3 25
$108.3M
$2.2M
Q2 25
$4.4M
$-23.0M
Q1 25
$-53.4M
$36.2M
Q4 24
$19.3M
$8.3M
Q3 24
$18.2M
Q2 24
$-8.4M
$6.9M
Q1 24
$-133.3M
$40.7M
FCF Margin
APLS
APLS
SCVL
SCVL
Q4 25
-7.1%
6.6%
Q3 25
23.6%
0.7%
Q2 25
2.5%
-8.3%
Q1 25
-32.0%
13.8%
Q4 24
9.1%
2.7%
Q3 24
5.5%
Q2 24
-4.2%
2.3%
Q1 24
-77.3%
14.5%
Capex Intensity
APLS
APLS
SCVL
SCVL
Q4 25
0.1%
4.7%
Q3 25
0.0%
3.6%
Q2 25
0.0%
4.8%
Q1 25
0.0%
3.2%
Q4 24
0.0%
3.0%
Q3 24
0.0%
1.7%
Q2 24
0.0%
3.4%
Q1 24
0.2%
4.5%
Cash Conversion
APLS
APLS
SCVL
SCVL
Q4 25
2.30×
Q3 25
0.50×
0.69×
Q2 25
-1.03×
Q1 25
3.04×
Q4 24
0.90×
Q3 24
1.05×
Q2 24
0.99×
Q1 24
3.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APLS
APLS

Syfovre$155.2M78%
Empaveli Pegcetacoplan$35.1M18%
Licensing And Other Revenue$9.6M5%

SCVL
SCVL

Segment breakdown not available.

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