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Side-by-side financial comparison of MAGIC SOFTWARE ENTERPRISES LTD (MGIC) and SHOE CARNIVAL INC (SCVL). Click either name above to swap in a different company.

MAGIC SOFTWARE ENTERPRISES LTD is the larger business by last-quarter revenue ($419.6M vs $297.2M, roughly 1.4× SHOE CARNIVAL INC). MAGIC SOFTWARE ENTERPRISES LTD runs the higher net margin — 8.4% vs 4.9%, a 3.5% gap on every dollar of revenue. MAGIC SOFTWARE ENTERPRISES LTD produced more free cash flow last quarter ($37.0M vs $19.7M).

Magic Software Enterprises provides low-code integration and data management platforms that simplify the connection between legacy on-premise systems and modern cloud applications. Its flagship products — Magic xpi Integration Platform and FactoryEye Smart Factory Solution, enable enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services.

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.

MGIC vs SCVL — Head-to-Head

Bigger by revenue
MGIC
MGIC
1.4× larger
MGIC
$419.6M
$297.2M
SCVL
Higher net margin
MGIC
MGIC
3.5% more per $
MGIC
8.4%
4.9%
SCVL
More free cash flow
MGIC
MGIC
$17.2M more FCF
MGIC
$37.0M
$19.7M
SCVL

Income Statement — Q3 FY2023 vs Q3 FY2026

Metric
MGIC
MGIC
SCVL
SCVL
Revenue
$419.6M
$297.2M
Net Profit
$35.3M
$14.6M
Gross Margin
27.1%
37.6%
Operating Margin
11.3%
6.3%
Net Margin
8.4%
4.9%
Revenue YoY
-3.2%
Net Profit YoY
-23.9%
EPS (diluted)
$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
MGIC
MGIC
SCVL
SCVL
Q4 25
$297.2M
Q3 25
$306.4M
Q2 25
$277.7M
Q1 25
$262.9M
Q4 24
$306.9M
Q3 24
$332.7M
Q2 24
$300.4M
Q1 24
$280.2M
Net Profit
MGIC
MGIC
SCVL
SCVL
Q4 25
$14.6M
Q3 25
$19.2M
Q2 25
$9.3M
Q1 25
$14.7M
Q4 24
$19.2M
Q3 24
$22.6M
Q2 24
$17.3M
Q1 24
$15.5M
Gross Margin
MGIC
MGIC
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
MGIC
MGIC
SCVL
SCVL
Q4 25
6.3%
Q3 25
8.2%
Q2 25
4.3%
Q1 25
5.3%
Q4 24
8.0%
Q3 24
9.0%
Q2 24
7.5%
Q1 24
7.1%
Net Margin
MGIC
MGIC
SCVL
SCVL
Q4 25
4.9%
Q3 25
6.3%
Q2 25
3.4%
Q1 25
5.6%
Q4 24
6.3%
Q3 24
6.8%
Q2 24
5.8%
Q1 24
5.5%
EPS (diluted)
MGIC
MGIC
SCVL
SCVL
Q4 25
$0.53
Q3 25
$0.70
Q2 25
$0.34
Q1 25
$0.53
Q4 24
$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
MGIC
MGIC
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$83.1M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$276.3M
$683.2M
Total Assets
$505.1M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGIC
MGIC
SCVL
SCVL
Q4 25
$107.7M
Q3 25
$91.9M
Q2 25
$93.0M
Q1 25
$123.1M
Q4 24
$91.1M
Q3 24
$84.5M
Q2 24
$69.5M
Q1 24
$111.2M
Stockholders' Equity
MGIC
MGIC
SCVL
SCVL
Q4 25
$683.2M
Q3 25
$670.7M
Q2 25
$653.6M
Q1 25
$649.0M
Q4 24
$635.7M
Q3 24
$618.5M
Q2 24
$597.8M
Q1 24
$583.4M
Total Assets
MGIC
MGIC
SCVL
SCVL
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$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
MGIC
MGIC
SCVL
SCVL
Operating Cash FlowLast quarter
$40.3M
$33.6M
Free Cash FlowOCF − Capex
$37.0M
$19.7M
FCF MarginFCF / Revenue
8.8%
6.6%
Capex IntensityCapex / Revenue
0.8%
4.7%
Cash ConversionOCF / Net Profit
1.14×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$98.8M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGIC
MGIC
SCVL
SCVL
Q4 25
$33.6M
Q3 25
$13.3M
Q2 25
$-9.6M
Q1 25
$44.5M
Q4 24
$17.3M
Q3 24
$23.7M
Q2 24
$17.1M
Q1 24
$53.4M
Free Cash Flow
MGIC
MGIC
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
MGIC
MGIC
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
MGIC
MGIC
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
MGIC
MGIC
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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