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Side-by-side financial comparison of Maxeon Solar Technologies, Ltd. (MAXN) and SHOE CARNIVAL INC (SCVL). Click either name above to swap in a different company.

Maxeon Solar Technologies, Ltd. is the larger business by last-quarter revenue ($509.0M vs $297.2M, roughly 1.7× SHOE CARNIVAL INC). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs -120.7%, a 125.6% gap on every dollar of revenue. On growth, SHOE CARNIVAL INC posted the faster year-over-year revenue change (-3.2% vs -54.7%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M vs $-322.3M).

Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United 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.

MAXN vs SCVL — Head-to-Head

Bigger by revenue
MAXN
MAXN
1.7× larger
MAXN
$509.0M
$297.2M
SCVL
Growing faster (revenue YoY)
SCVL
SCVL
+51.5% gap
SCVL
-3.2%
-54.7%
MAXN
Higher net margin
SCVL
SCVL
125.6% more per $
SCVL
4.9%
-120.7%
MAXN
More free cash flow
SCVL
SCVL
$342.0M more FCF
SCVL
$19.7M
$-322.3M
MAXN

Income Statement — Q4 FY2024 vs Q3 FY2026

Metric
MAXN
MAXN
SCVL
SCVL
Revenue
$509.0M
$297.2M
Net Profit
$-614.3M
$14.6M
Gross Margin
37.6%
Operating Margin
-113.3%
6.3%
Net Margin
-120.7%
4.9%
Revenue YoY
-54.7%
-3.2%
Net Profit YoY
-122.7%
-23.9%
EPS (diluted)
$-96.00
$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
MAXN
MAXN
SCVL
SCVL
Q4 25
$297.2M
Q3 25
$306.4M
Q2 25
$277.7M
Q1 25
$262.9M
Q4 24
$509.0M
$306.9M
Q3 24
$332.7M
Q2 24
$300.4M
Q1 24
$280.2M
Net Profit
MAXN
MAXN
SCVL
SCVL
Q4 25
$14.6M
Q3 25
$19.2M
Q2 25
$9.3M
Q1 25
$14.7M
Q4 24
$-614.3M
$19.2M
Q3 24
$22.6M
Q2 24
$17.3M
Q1 24
$15.5M
Gross Margin
MAXN
MAXN
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
MAXN
MAXN
SCVL
SCVL
Q4 25
6.3%
Q3 25
8.2%
Q2 25
4.3%
Q1 25
5.3%
Q4 24
-113.3%
8.0%
Q3 24
9.0%
Q2 24
7.5%
Q1 24
7.1%
Net Margin
MAXN
MAXN
SCVL
SCVL
Q4 25
4.9%
Q3 25
6.3%
Q2 25
3.4%
Q1 25
5.6%
Q4 24
-120.7%
6.3%
Q3 24
6.8%
Q2 24
5.8%
Q1 24
5.5%
EPS (diluted)
MAXN
MAXN
SCVL
SCVL
Q4 25
$0.53
Q3 25
$0.70
Q2 25
$0.34
Q1 25
$0.53
Q4 24
$-96.00
$0.70
Q3 24
$0.82
Q2 24
$0.63
Q1 24
$0.57

Balance Sheet & Financial Strength

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

Metric
MAXN
MAXN
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$28.9M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.8M
$683.2M
Total Assets
$376.3M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAXN
MAXN
SCVL
SCVL
Q4 25
$107.7M
Q3 25
$91.9M
Q2 25
$93.0M
Q1 25
$123.1M
Q4 24
$28.9M
$91.1M
Q3 24
$84.5M
Q2 24
$69.5M
Q1 24
$111.2M
Stockholders' Equity
MAXN
MAXN
SCVL
SCVL
Q4 25
$683.2M
Q3 25
$670.7M
Q2 25
$653.6M
Q1 25
$649.0M
Q4 24
$-293.8M
$635.7M
Q3 24
$618.5M
Q2 24
$597.8M
Q1 24
$583.4M
Total Assets
MAXN
MAXN
SCVL
SCVL
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$376.3M
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$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
MAXN
MAXN
SCVL
SCVL
Operating Cash FlowLast quarter
$-270.2M
$33.6M
Free Cash FlowOCF − Capex
$-322.3M
$19.7M
FCF MarginFCF / Revenue
-63.3%
6.6%
Capex IntensityCapex / Revenue
10.2%
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
MAXN
MAXN
SCVL
SCVL
Q4 25
$33.6M
Q3 25
$13.3M
Q2 25
$-9.6M
Q1 25
$44.5M
Q4 24
$-270.2M
$17.3M
Q3 24
$23.7M
Q2 24
$17.1M
Q1 24
$53.4M
Free Cash Flow
MAXN
MAXN
SCVL
SCVL
Q4 25
$19.7M
Q3 25
$2.2M
Q2 25
$-23.0M
Q1 25
$36.2M
Q4 24
$-322.3M
$8.3M
Q3 24
$18.2M
Q2 24
$6.9M
Q1 24
$40.7M
FCF Margin
MAXN
MAXN
SCVL
SCVL
Q4 25
6.6%
Q3 25
0.7%
Q2 25
-8.3%
Q1 25
13.8%
Q4 24
-63.3%
2.7%
Q3 24
5.5%
Q2 24
2.3%
Q1 24
14.5%
Capex Intensity
MAXN
MAXN
SCVL
SCVL
Q4 25
4.7%
Q3 25
3.6%
Q2 25
4.8%
Q1 25
3.2%
Q4 24
10.2%
3.0%
Q3 24
1.7%
Q2 24
3.4%
Q1 24
4.5%
Cash Conversion
MAXN
MAXN
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
0.99×
Q1 24
3.44×

Financial Flow Comparison

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

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