vs

Side-by-side financial comparison of MARA Holdings, Inc. (MARA) 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 $202.3M, roughly 1.5× MARA Holdings, Inc.). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs -14298.3%, a 14303.2% gap on every dollar of revenue. On growth, SHOE CARNIVAL INC posted the faster year-over-year revenue change (-3.2% vs -5.6%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% CAGR vs 3.0%).

MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.

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.

MARA vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.5× larger
SCVL
$297.2M
$202.3M
MARA
Growing faster (revenue YoY)
SCVL
SCVL
+2.5% gap
SCVL
-3.2%
-5.6%
MARA
Higher net margin
SCVL
SCVL
14303.2% more per $
SCVL
4.9%
-14298.3%
MARA
More free cash flow
SCVL
SCVL
$1.2B more FCF
SCVL
$19.7M
$-1.2B
MARA
Faster 2-yr revenue CAGR
MARA
MARA
Annualised
MARA
10.7%
3.0%
SCVL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MARA
MARA
SCVL
SCVL
Revenue
$202.3M
$297.2M
Net Profit
$-1.7B
$14.6M
Gross Margin
37.6%
Operating Margin
-11795.9%
6.3%
Net Margin
-14298.3%
4.9%
Revenue YoY
-5.6%
-3.2%
Net Profit YoY
-423.5%
-23.9%
EPS (diluted)
$-4.25
$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
MARA
MARA
SCVL
SCVL
Q4 25
$202.3M
$297.2M
Q3 25
$252.4M
$306.4M
Q2 25
$238.5M
$277.7M
Q1 25
$213.9M
$262.9M
Q4 24
$214.4M
$306.9M
Q3 24
$131.6M
$332.7M
Q2 24
$145.1M
$300.4M
Q1 24
$165.2M
$280.2M
Net Profit
MARA
MARA
SCVL
SCVL
Q4 25
$-1.7B
$14.6M
Q3 25
$123.1M
$19.2M
Q2 25
$808.2M
$9.3M
Q1 25
$-533.4M
$14.7M
Q4 24
$528.5M
$19.2M
Q3 24
$-124.8M
$22.6M
Q2 24
$-199.7M
$17.3M
Q1 24
$337.2M
$15.5M
Gross Margin
MARA
MARA
SCVL
SCVL
Q4 25
37.6%
Q3 25
38.8%
Q2 25
34.5%
Q1 25
34.9%
Q4 24
-2613.4%
36.0%
Q3 24
-1065.0%
36.1%
Q2 24
-587.6%
35.6%
Q1 24
-289.4%
35.6%
Operating Margin
MARA
MARA
SCVL
SCVL
Q4 25
-11795.9%
6.3%
Q3 25
18.9%
8.2%
Q2 25
4.3%
Q1 25
-253.0%
5.3%
Q4 24
8.0%
Q3 24
-130.8%
9.0%
Q2 24
-160.1%
7.5%
Q1 24
7.1%
Net Margin
MARA
MARA
SCVL
SCVL
Q4 25
-14298.3%
4.9%
Q3 25
48.8%
6.3%
Q2 25
338.9%
3.4%
Q1 25
-249.4%
5.6%
Q4 24
5367.4%
6.3%
Q3 24
-94.8%
6.8%
Q2 24
-137.6%
5.8%
Q1 24
204.1%
5.5%
EPS (diluted)
MARA
MARA
SCVL
SCVL
Q4 25
$-4.25
$0.53
Q3 25
$0.27
$0.70
Q2 25
$1.84
$0.34
Q1 25
$-1.55
$0.53
Q4 24
$1.60
$0.70
Q3 24
$-0.42
$0.82
Q2 24
$-0.72
$0.63
Q1 24
$1.26
$0.57

Balance Sheet & Financial Strength

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

Metric
MARA
MARA
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$547.1M
$107.7M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$3.5B
$683.2M
Total Assets
$7.3B
$1.2B
Debt / EquityLower = less leverage
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
SCVL
SCVL
Q4 25
$547.1M
$107.7M
Q3 25
$826.4M
$91.9M
Q2 25
$109.5M
$93.0M
Q1 25
$196.2M
$123.1M
Q4 24
$391.8M
$91.1M
Q3 24
$164.3M
$84.5M
Q2 24
$256.0M
$69.5M
Q1 24
$324.3M
$111.2M
Total Debt
MARA
MARA
SCVL
SCVL
Q4 25
$3.6B
Q3 25
$3.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.4B
Q3 24
$618.7M
Q2 24
Q1 24
Stockholders' Equity
MARA
MARA
SCVL
SCVL
Q4 25
$3.5B
$683.2M
Q3 25
$5.2B
$670.7M
Q2 25
$4.8B
$653.6M
Q1 25
$3.7B
$649.0M
Q4 24
$4.1B
$635.7M
Q3 24
$2.9B
$618.5M
Q2 24
$2.6B
$597.8M
Q1 24
$2.5B
$583.4M
Total Assets
MARA
MARA
SCVL
SCVL
Q4 25
$7.3B
$1.2B
Q3 25
$9.2B
$1.2B
Q2 25
$7.7B
$1.1B
Q1 25
$6.4B
$1.1B
Q4 24
$6.8B
$1.1B
Q3 24
$3.6B
$1.1B
Q2 24
$3.1B
$1.1B
Q1 24
$3.0B
$1.0B
Debt / Equity
MARA
MARA
SCVL
SCVL
Q4 25
1.04×
Q3 25
0.63×
Q2 25
0.47×
Q1 25
0.62×
Q4 24
0.59×
Q3 24
0.22×
Q2 24
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
MARA
MARA
SCVL
SCVL
Operating Cash FlowLast quarter
$-802.7M
$33.6M
Free Cash FlowOCF − Capex
$-1.2B
$19.7M
FCF MarginFCF / Revenue
-598.0%
6.6%
Capex IntensityCapex / Revenue
201.2%
4.7%
Cash ConversionOCF / Net Profit
2.30×
TTM Free Cash FlowTrailing 4 quarters
$-2.0B
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
SCVL
SCVL
Q4 25
$-802.7M
$33.6M
Q3 25
$-199.0M
$13.3M
Q2 25
$-163.4M
$-9.6M
Q1 25
$-215.5M
$44.5M
Q4 24
$-677.0M
$17.3M
Q3 24
$-160.1M
$23.7M
Q2 24
$-115.2M
$17.1M
Q1 24
$-88.3M
$53.4M
Free Cash Flow
MARA
MARA
SCVL
SCVL
Q4 25
$-1.2B
$19.7M
Q3 25
$-283.9M
$2.2M
Q2 25
$-282.4M
$-23.0M
Q1 25
$-254.3M
$36.2M
Q4 24
$-927.8M
$8.3M
Q3 24
$-198.1M
$18.2M
Q2 24
$-132.4M
$6.9M
Q1 24
$-97.4M
$40.7M
FCF Margin
MARA
MARA
SCVL
SCVL
Q4 25
-598.0%
6.6%
Q3 25
-112.5%
0.7%
Q2 25
-118.4%
-8.3%
Q1 25
-118.9%
13.8%
Q4 24
-432.8%
2.7%
Q3 24
-150.5%
5.5%
Q2 24
-91.2%
2.3%
Q1 24
-59.0%
14.5%
Capex Intensity
MARA
MARA
SCVL
SCVL
Q4 25
201.2%
4.7%
Q3 25
33.6%
3.6%
Q2 25
49.9%
4.8%
Q1 25
18.2%
3.2%
Q4 24
117.0%
3.0%
Q3 24
28.9%
1.7%
Q2 24
11.9%
3.4%
Q1 24
5.5%
4.5%
Cash Conversion
MARA
MARA
SCVL
SCVL
Q4 25
2.30×
Q3 25
-1.62×
0.69×
Q2 25
-0.20×
-1.03×
Q1 25
3.04×
Q4 24
-1.28×
0.90×
Q3 24
1.05×
Q2 24
0.99×
Q1 24
-0.26×
3.44×

Financial Flow Comparison

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

Related Comparisons