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

Evolent Health, Inc. is the larger business by last-quarter revenue ($468.7M vs $297.2M, roughly 1.6× SHOE CARNIVAL INC). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs -91.6%, a 96.5% gap on every dollar of revenue. On growth, SHOE CARNIVAL INC posted the faster year-over-year revenue change (-3.2% vs -27.5%). Over the past eight quarters, SHOE CARNIVAL INC's revenue compounded faster (3.0% CAGR vs -14.4%).

Magellan Health Inc., is an American for-profit managed health care company and subsidiary of Centene that focuses on special populations and other specialty areas of healthcare. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021.

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.

EVH vs SCVL — Head-to-Head

Bigger by revenue
EVH
EVH
1.6× larger
EVH
$468.7M
$297.2M
SCVL
Growing faster (revenue YoY)
SCVL
SCVL
+24.3% gap
SCVL
-3.2%
-27.5%
EVH
Higher net margin
SCVL
SCVL
96.5% more per $
SCVL
4.9%
-91.6%
EVH
Faster 2-yr revenue CAGR
SCVL
SCVL
Annualised
SCVL
3.0%
-14.4%
EVH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EVH
EVH
SCVL
SCVL
Revenue
$468.7M
$297.2M
Net Profit
$-429.1M
$14.6M
Gross Margin
20.7%
37.6%
Operating Margin
-87.1%
6.3%
Net Margin
-91.6%
4.9%
Revenue YoY
-27.5%
-3.2%
Net Profit YoY
-1782.0%
-23.9%
EPS (diluted)
$-3.76
$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
EVH
EVH
SCVL
SCVL
Q4 25
$468.7M
$297.2M
Q3 25
$479.5M
$306.4M
Q2 25
$444.3M
$277.7M
Q1 25
$483.6M
$262.9M
Q4 24
$646.5M
$306.9M
Q3 24
$621.4M
$332.7M
Q2 24
$647.1M
$300.4M
Q1 24
$639.7M
$280.2M
Net Profit
EVH
EVH
SCVL
SCVL
Q4 25
$-429.1M
$14.6M
Q3 25
$-20.9M
$19.2M
Q2 25
$-19.9M
$9.3M
Q1 25
$-64.6M
$14.7M
Q4 24
$-22.8M
$19.2M
Q3 24
$-23.1M
$22.6M
Q2 24
$1.6M
$17.3M
Q1 24
$-17.3M
$15.5M
Gross Margin
EVH
EVH
SCVL
SCVL
Q4 25
20.7%
37.6%
Q3 25
20.8%
38.8%
Q2 25
22.6%
34.5%
Q1 25
21.2%
34.9%
Q4 24
11.7%
36.0%
Q3 24
13.0%
36.1%
Q2 24
16.5%
35.6%
Q1 24
16.3%
35.6%
Operating Margin
EVH
EVH
SCVL
SCVL
Q4 25
-87.1%
6.3%
Q3 25
0.2%
8.2%
Q2 25
-0.3%
4.3%
Q1 25
-0.3%
5.3%
Q4 24
-2.9%
8.0%
Q3 24
-2.6%
9.0%
Q2 24
1.2%
7.5%
Q1 24
-2.1%
7.1%
Net Margin
EVH
EVH
SCVL
SCVL
Q4 25
-91.6%
4.9%
Q3 25
-4.4%
6.3%
Q2 25
-4.5%
3.4%
Q1 25
-13.4%
5.6%
Q4 24
-3.5%
6.3%
Q3 24
-3.7%
6.8%
Q2 24
0.2%
5.8%
Q1 24
-2.7%
5.5%
EPS (diluted)
EVH
EVH
SCVL
SCVL
Q4 25
$-3.76
$0.53
Q3 25
$-0.24
$0.70
Q2 25
$-0.44
$0.34
Q1 25
$-0.63
$0.53
Q4 24
$-0.26
$0.70
Q3 24
$-0.27
$0.82
Q2 24
$-0.06
$0.63
Q1 24
$-0.22
$0.57

Balance Sheet & Financial Strength

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

Metric
EVH
EVH
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$151.9M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$415.2M
$683.2M
Total Assets
$1.9B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVH
EVH
SCVL
SCVL
Q4 25
$151.9M
$107.7M
Q3 25
$116.7M
$91.9M
Q2 25
$151.0M
$93.0M
Q1 25
$246.5M
$123.1M
Q4 24
$104.2M
$91.1M
Q3 24
$96.6M
$84.5M
Q2 24
$101.3M
$69.5M
Q1 24
$165.1M
$111.2M
Stockholders' Equity
EVH
EVH
SCVL
SCVL
Q4 25
$415.2M
$683.2M
Q3 25
$842.2M
$670.7M
Q2 25
$896.0M
$653.6M
Q1 25
$935.5M
$649.0M
Q4 24
$1.0B
$635.7M
Q3 24
$1.0B
$618.5M
Q2 24
$1.1B
$597.8M
Q1 24
$1.0B
$583.4M
Total Assets
EVH
EVH
SCVL
SCVL
Q4 25
$1.9B
$1.2B
Q3 25
$2.5B
$1.2B
Q2 25
$2.5B
$1.1B
Q1 25
$2.7B
$1.1B
Q4 24
$2.5B
$1.1B
Q3 24
$2.5B
$1.1B
Q2 24
$2.5B
$1.1B
Q1 24
$2.6B
$1.0B

Cash Flow & Capital Efficiency

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

Metric
EVH
EVH
SCVL
SCVL
Operating Cash FlowLast quarter
$48.8M
$33.6M
Free Cash FlowOCF − Capex
$19.7M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
2.30×
TTM Free Cash FlowTrailing 4 quarters
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVH
EVH
SCVL
SCVL
Q4 25
$48.8M
$33.6M
Q3 25
$15.8M
$13.3M
Q2 25
$-30.3M
$-9.6M
Q1 25
$4.6M
$44.5M
Q4 24
$-26.2M
$17.3M
Q3 24
$18.7M
$23.7M
Q2 24
$21.4M
$17.1M
Q1 24
$4.9M
$53.4M
Free Cash Flow
EVH
EVH
SCVL
SCVL
Q4 25
$19.7M
Q3 25
$2.2M
Q2 25
$-23.0M
Q1 25
$36.2M
Q4 24
$8.3M
Q3 24
$18.2M
Q2 24
$6.9M
Q1 24
$40.7M
FCF Margin
EVH
EVH
SCVL
SCVL
Q4 25
6.6%
Q3 25
0.7%
Q2 25
-8.3%
Q1 25
13.8%
Q4 24
2.7%
Q3 24
5.5%
Q2 24
2.3%
Q1 24
14.5%
Capex Intensity
EVH
EVH
SCVL
SCVL
Q4 25
4.7%
Q3 25
3.6%
Q2 25
4.8%
Q1 25
3.2%
Q4 24
3.0%
Q3 24
1.7%
Q2 24
3.4%
Q1 24
4.5%
Cash Conversion
EVH
EVH
SCVL
SCVL
Q4 25
2.30×
Q3 25
0.69×
Q2 25
-1.03×
Q1 25
3.04×
Q4 24
0.90×
Q3 24
1.05×
Q2 24
13.42×
0.99×
Q1 24
3.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVH
EVH

Commercial And Other Customers$147.9M32%
Medicare Customers$111.2M24%
Specialty Technology And Services Suite$95.7M20%
Administrative Service$55.8M12%
Cases$47.7M10%
Related Party$4.5M1%

SCVL
SCVL

Segment breakdown not available.

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