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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and SHOE CARNIVAL INC (SCVL). Click either name above to swap in a different company.

National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $297.2M, roughly 1.6× SHOE CARNIVAL INC). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs 0.7%, a 4.2% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -3.2%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $19.7M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% CAGR vs 3.0%).

Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.

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.

EYE vs SCVL — Head-to-Head

Bigger by revenue
EYE
EYE
1.6× larger
EYE
$487.3M
$297.2M
SCVL
Growing faster (revenue YoY)
EYE
EYE
+11.1% gap
EYE
7.9%
-3.2%
SCVL
Higher net margin
SCVL
SCVL
4.2% more per $
SCVL
4.9%
0.7%
EYE
More free cash flow
EYE
EYE
$10.6M more FCF
EYE
$30.3M
$19.7M
SCVL
Faster 2-yr revenue CAGR
EYE
EYE
Annualised
EYE
7.6%
3.0%
SCVL

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
EYE
EYE
SCVL
SCVL
Revenue
$487.3M
$297.2M
Net Profit
$3.4M
$14.6M
Gross Margin
37.6%
Operating Margin
2.0%
6.3%
Net Margin
0.7%
4.9%
Revenue YoY
7.9%
-3.2%
Net Profit YoY
139.8%
-23.9%
EPS (diluted)
$0.04
$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
EYE
EYE
SCVL
SCVL
Q4 25
$297.2M
Q3 25
$487.3M
$306.4M
Q2 25
$486.4M
$277.7M
Q1 25
$510.3M
$262.9M
Q4 24
$437.3M
$306.9M
Q3 24
$451.5M
$332.7M
Q2 24
$451.7M
$300.4M
Q1 24
$482.8M
$280.2M
Net Profit
EYE
EYE
SCVL
SCVL
Q4 25
$14.6M
Q3 25
$3.4M
$19.2M
Q2 25
$8.7M
$9.3M
Q1 25
$14.2M
$14.7M
Q4 24
$-28.6M
$19.2M
Q3 24
$-8.5M
$22.6M
Q2 24
$-3.1M
$17.3M
Q1 24
$11.7M
$15.5M
Gross Margin
EYE
EYE
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
EYE
EYE
SCVL
SCVL
Q4 25
6.3%
Q3 25
2.0%
8.2%
Q2 25
3.4%
4.3%
Q1 25
5.1%
5.3%
Q4 24
-5.8%
8.0%
Q3 24
-2.0%
9.0%
Q2 24
0.1%
7.5%
Q1 24
4.9%
7.1%
Net Margin
EYE
EYE
SCVL
SCVL
Q4 25
4.9%
Q3 25
0.7%
6.3%
Q2 25
1.8%
3.4%
Q1 25
2.8%
5.6%
Q4 24
-6.5%
6.3%
Q3 24
-1.9%
6.8%
Q2 24
-0.7%
5.8%
Q1 24
2.4%
5.5%
EPS (diluted)
EYE
EYE
SCVL
SCVL
Q4 25
$0.53
Q3 25
$0.04
$0.70
Q2 25
$0.11
$0.34
Q1 25
$0.18
$0.53
Q4 24
$-0.36
$0.70
Q3 24
$-0.11
$0.82
Q2 24
$-0.04
$0.63
Q1 24
$0.15
$0.57

Balance Sheet & Financial Strength

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

Metric
EYE
EYE
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$56.0M
$107.7M
Total DebtLower is stronger
$236.5M
Stockholders' EquityBook value
$858.8M
$683.2M
Total Assets
$2.0B
$1.2B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EYE
EYE
SCVL
SCVL
Q4 25
$107.7M
Q3 25
$56.0M
$91.9M
Q2 25
$48.5M
$93.0M
Q1 25
$80.0M
$123.1M
Q4 24
$73.9M
$91.1M
Q3 24
$81.2M
$84.5M
Q2 24
$179.5M
$69.5M
Q1 24
$150.1M
$111.2M
Total Debt
EYE
EYE
SCVL
SCVL
Q4 25
Q3 25
$236.5M
Q2 25
$255.6M
Q1 25
$244.7M
Q4 24
$248.6M
Q3 24
$252.8M
Q2 24
$143.9M
Q1 24
$448.6M
Stockholders' Equity
EYE
EYE
SCVL
SCVL
Q4 25
$683.2M
Q3 25
$858.8M
$670.7M
Q2 25
$850.6M
$653.6M
Q1 25
$836.2M
$649.0M
Q4 24
$816.3M
$635.7M
Q3 24
$840.0M
$618.5M
Q2 24
$843.4M
$597.8M
Q1 24
$841.3M
$583.4M
Total Assets
EYE
EYE
SCVL
SCVL
Q4 25
$1.2B
Q3 25
$2.0B
$1.2B
Q2 25
$2.0B
$1.1B
Q1 25
$2.0B
$1.1B
Q4 24
$2.0B
$1.1B
Q3 24
$2.0B
$1.1B
Q2 24
$2.1B
$1.1B
Q1 24
$2.2B
$1.0B
Debt / Equity
EYE
EYE
SCVL
SCVL
Q4 25
Q3 25
0.28×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.30×
Q3 24
0.30×
Q2 24
0.17×
Q1 24
0.53×

Cash Flow & Capital Efficiency

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

Metric
EYE
EYE
SCVL
SCVL
Operating Cash FlowLast quarter
$46.6M
$33.6M
Free Cash FlowOCF − Capex
$30.3M
$19.7M
FCF MarginFCF / Revenue
6.2%
6.6%
Capex IntensityCapex / Revenue
3.4%
4.7%
Cash ConversionOCF / Net Profit
13.83×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$83.0M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EYE
EYE
SCVL
SCVL
Q4 25
$33.6M
Q3 25
$46.6M
$13.3M
Q2 25
$54.3M
$-9.6M
Q1 25
$32.2M
$44.5M
Q4 24
$30.3M
$17.3M
Q3 24
$27.9M
$23.7M
Q2 24
$51.5M
$17.1M
Q1 24
$24.0M
$53.4M
Free Cash Flow
EYE
EYE
SCVL
SCVL
Q4 25
$19.7M
Q3 25
$30.3M
$2.2M
Q2 25
$42.4M
$-23.0M
Q1 25
$12.0M
$36.2M
Q4 24
$-1.7M
$8.3M
Q3 24
$4.1M
$18.2M
Q2 24
$31.9M
$6.9M
Q1 24
$4.0M
$40.7M
FCF Margin
EYE
EYE
SCVL
SCVL
Q4 25
6.6%
Q3 25
6.2%
0.7%
Q2 25
8.7%
-8.3%
Q1 25
2.4%
13.8%
Q4 24
-0.4%
2.7%
Q3 24
0.9%
5.5%
Q2 24
7.1%
2.3%
Q1 24
0.8%
14.5%
Capex Intensity
EYE
EYE
SCVL
SCVL
Q4 25
4.7%
Q3 25
3.4%
3.6%
Q2 25
2.4%
4.8%
Q1 25
4.0%
3.2%
Q4 24
7.3%
3.0%
Q3 24
5.3%
1.7%
Q2 24
4.3%
3.4%
Q1 24
4.1%
4.5%
Cash Conversion
EYE
EYE
SCVL
SCVL
Q4 25
2.30×
Q3 25
13.83×
0.69×
Q2 25
6.22×
-1.03×
Q1 25
2.27×
3.04×
Q4 24
0.90×
Q3 24
1.05×
Q2 24
0.99×
Q1 24
2.05×
3.44×

Financial Flow Comparison

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

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