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Side-by-side financial comparison of InnovAge Holding Corp. (INNV) 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 $239.7M, roughly 1.2× InnovAge Holding Corp.). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs 4.4%, a 0.5% gap on every dollar of revenue. On growth, InnovAge Holding Corp. posted the faster year-over-year revenue change (14.7% vs -3.2%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M vs $19.0M). Over the past eight quarters, InnovAge Holding Corp.'s revenue compounded faster (11.4% CAGR vs 3.0%).

InnovAge Holding Corp is a leading U.S. senior care provider, primarily operating the Program of All-Inclusive Care for the Elderly (PACE). It offers integrated medical care, social support, and daily living assistance to help eligible older adults stay in their homes instead of nursing facilities, serving users across multiple U.S. states.

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.

INNV vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.2× larger
SCVL
$297.2M
$239.7M
INNV
Growing faster (revenue YoY)
INNV
INNV
+17.9% gap
INNV
14.7%
-3.2%
SCVL
Higher net margin
SCVL
SCVL
0.5% more per $
SCVL
4.9%
4.4%
INNV
More free cash flow
SCVL
SCVL
$713.0K more FCF
SCVL
$19.7M
$19.0M
INNV
Faster 2-yr revenue CAGR
INNV
INNV
Annualised
INNV
11.4%
3.0%
SCVL

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
INNV
INNV
SCVL
SCVL
Revenue
$239.7M
$297.2M
Net Profit
$10.6M
$14.6M
Gross Margin
22.0%
37.6%
Operating Margin
5.5%
6.3%
Net Margin
4.4%
4.9%
Revenue YoY
14.7%
-3.2%
Net Profit YoY
180.3%
-23.9%
EPS (diluted)
$0.08
$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
INNV
INNV
SCVL
SCVL
Q4 25
$239.7M
$297.2M
Q3 25
$236.1M
$306.4M
Q2 25
$221.4M
$277.7M
Q1 25
$218.1M
$262.9M
Q4 24
$209.0M
$306.9M
Q3 24
$205.1M
$332.7M
Q2 24
$199.4M
$300.4M
Q1 24
$193.1M
$280.2M
Net Profit
INNV
INNV
SCVL
SCVL
Q4 25
$10.6M
$14.6M
Q3 25
$8.0M
$19.2M
Q2 25
$-785.0K
$9.3M
Q1 25
$-11.4M
$14.7M
Q4 24
$-13.2M
$19.2M
Q3 24
$-4.9M
$22.6M
Q2 24
$-1.7M
$17.3M
Q1 24
$-5.9M
$15.5M
Gross Margin
INNV
INNV
SCVL
SCVL
Q4 25
22.0%
37.6%
Q3 25
21.8%
38.8%
Q2 25
18.6%
34.5%
Q1 25
18.7%
34.9%
Q4 24
17.7%
36.0%
Q3 24
16.8%
36.1%
Q2 24
18.3%
35.6%
Q1 24
17.6%
35.6%
Operating Margin
INNV
INNV
SCVL
SCVL
Q4 25
5.5%
6.3%
Q3 25
3.5%
8.2%
Q2 25
-1.0%
4.3%
Q1 25
-4.7%
5.3%
Q4 24
-6.0%
8.0%
Q3 24
-2.4%
9.0%
Q2 24
-2.4%
7.5%
Q1 24
-3.0%
7.1%
Net Margin
INNV
INNV
SCVL
SCVL
Q4 25
4.4%
4.9%
Q3 25
3.4%
6.3%
Q2 25
-0.4%
3.4%
Q1 25
-5.2%
5.6%
Q4 24
-6.3%
6.3%
Q3 24
-2.4%
6.8%
Q2 24
-0.9%
5.8%
Q1 24
-3.0%
5.5%
EPS (diluted)
INNV
INNV
SCVL
SCVL
Q4 25
$0.08
$0.53
Q3 25
$0.06
$0.70
Q2 25
$0.00
$0.34
Q1 25
$-0.08
$0.53
Q4 24
$-0.10
$0.70
Q3 24
$-0.04
$0.82
Q2 24
$-0.01
$0.63
Q1 24
$-0.04
$0.57

Balance Sheet & Financial Strength

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

Metric
INNV
INNV
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$126.0M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.8M
$683.2M
Total Assets
$527.5M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INNV
INNV
SCVL
SCVL
Q4 25
$126.0M
$107.7M
Q3 25
$109.4M
$91.9M
Q2 25
$105.9M
$93.0M
Q1 25
$101.7M
$123.1M
Q4 24
$86.9M
$91.1M
Q3 24
$85.7M
$84.5M
Q2 24
$102.8M
$69.5M
Q1 24
$99.3M
$111.2M
Total Debt
INNV
INNV
SCVL
SCVL
Q4 25
Q3 25
Q2 25
$60.0M
Q1 25
Q4 24
Q3 24
Q2 24
$66.0M
Q1 24
Stockholders' Equity
INNV
INNV
SCVL
SCVL
Q4 25
$256.8M
$683.2M
Q3 25
$245.0M
$670.7M
Q2 25
$235.0M
$653.6M
Q1 25
$238.0M
$649.0M
Q4 24
$248.5M
$635.7M
Q3 24
$260.9M
$618.5M
Q2 24
$269.3M
$597.8M
Q1 24
$281.1M
$583.4M
Total Assets
INNV
INNV
SCVL
SCVL
Q4 25
$527.5M
$1.2B
Q3 25
$510.2M
$1.2B
Q2 25
$526.9M
$1.1B
Q1 25
$536.6M
$1.1B
Q4 24
$524.8M
$1.1B
Q3 24
$527.7M
$1.1B
Q2 24
$547.7M
$1.1B
Q1 24
$527.4M
$1.0B
Debt / Equity
INNV
INNV
SCVL
SCVL
Q4 25
Q3 25
Q2 25
0.26×
Q1 25
Q4 24
Q3 24
Q2 24
0.25×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
INNV
INNV
SCVL
SCVL
Operating Cash FlowLast quarter
$21.4M
$33.6M
Free Cash FlowOCF − Capex
$19.0M
$19.7M
FCF MarginFCF / Revenue
7.9%
6.6%
Capex IntensityCapex / Revenue
1.0%
4.7%
Cash ConversionOCF / Net Profit
2.01×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$49.4M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INNV
INNV
SCVL
SCVL
Q4 25
$21.4M
$33.6M
Q3 25
$3.9M
$13.3M
Q2 25
$9.0M
$-9.6M
Q1 25
$24.6M
$44.5M
Q4 24
$6.8M
$17.3M
Q3 24
$-7.5M
$23.7M
Q2 24
$1.9M
$17.1M
Q1 24
$3.5M
$53.4M
Free Cash Flow
INNV
INNV
SCVL
SCVL
Q4 25
$19.0M
$19.7M
Q3 25
$-153.0K
$2.2M
Q2 25
$8.8M
$-23.0M
Q1 25
$21.7M
$36.2M
Q4 24
$5.4M
$8.3M
Q3 24
$-9.7M
$18.2M
Q2 24
$-1.4M
$6.9M
Q1 24
$3.1M
$40.7M
FCF Margin
INNV
INNV
SCVL
SCVL
Q4 25
7.9%
6.6%
Q3 25
-0.1%
0.7%
Q2 25
4.0%
-8.3%
Q1 25
10.0%
13.8%
Q4 24
2.6%
2.7%
Q3 24
-4.7%
5.5%
Q2 24
-0.7%
2.3%
Q1 24
1.6%
14.5%
Capex Intensity
INNV
INNV
SCVL
SCVL
Q4 25
1.0%
4.7%
Q3 25
1.7%
3.6%
Q2 25
0.1%
4.8%
Q1 25
1.3%
3.2%
Q4 24
0.6%
3.0%
Q3 24
1.1%
1.7%
Q2 24
1.7%
3.4%
Q1 24
0.2%
4.5%
Cash Conversion
INNV
INNV
SCVL
SCVL
Q4 25
2.01×
2.30×
Q3 25
0.49×
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.

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