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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) 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 $189.5M, roughly 1.6× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 4.9%, a 59.6% gap on every dollar of revenue.

Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.

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.

MRP vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.6× larger
SCVL
$297.2M
$189.5M
MRP
Higher net margin
MRP
MRP
59.6% more per $
MRP
64.5%
4.9%
SCVL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MRP
MRP
SCVL
SCVL
Revenue
$189.5M
$297.2M
Net Profit
$122.2M
$14.6M
Gross Margin
37.6%
Operating Margin
84.8%
6.3%
Net Margin
64.5%
4.9%
Revenue YoY
-3.2%
Net Profit YoY
285.8%
-23.9%
EPS (diluted)
$0.74
$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
MRP
MRP
SCVL
SCVL
Q4 25
$189.5M
$297.2M
Q3 25
$179.3M
$306.4M
Q2 25
$149.0M
$277.7M
Q1 25
$82.7M
$262.9M
Q4 24
$306.9M
Q3 24
$332.7M
Q2 24
$300.4M
Q1 24
$280.2M
Net Profit
MRP
MRP
SCVL
SCVL
Q4 25
$122.2M
$14.6M
Q3 25
$105.1M
$19.2M
Q2 25
$112.8M
$9.3M
Q1 25
$39.8M
$14.7M
Q4 24
$19.2M
Q3 24
$22.6M
Q2 24
$17.3M
Q1 24
$15.5M
Gross Margin
MRP
MRP
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
MRP
MRP
SCVL
SCVL
Q4 25
84.8%
6.3%
Q3 25
85.3%
8.2%
Q2 25
85.1%
4.3%
Q1 25
55.2%
5.3%
Q4 24
8.0%
Q3 24
9.0%
Q2 24
7.5%
Q1 24
7.1%
Net Margin
MRP
MRP
SCVL
SCVL
Q4 25
64.5%
4.9%
Q3 25
58.6%
6.3%
Q2 25
75.7%
3.4%
Q1 25
48.1%
5.6%
Q4 24
6.3%
Q3 24
6.8%
Q2 24
5.8%
Q1 24
5.5%
EPS (diluted)
MRP
MRP
SCVL
SCVL
Q4 25
$0.74
$0.53
Q3 25
$0.63
$0.70
Q2 25
$0.68
$0.34
Q1 25
$0.39
$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
MRP
MRP
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$35.0M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$683.2M
Total Assets
$9.3B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
SCVL
SCVL
Q4 25
$35.0M
$107.7M
Q3 25
$242.6M
$91.9M
Q2 25
$66.6M
$93.0M
Q1 25
$89.5M
$123.1M
Q4 24
$91.1M
Q3 24
$84.5M
Q2 24
$69.5M
Q1 24
$111.2M
Stockholders' Equity
MRP
MRP
SCVL
SCVL
Q4 25
$5.9B
$683.2M
Q3 25
$5.9B
$670.7M
Q2 25
$5.9B
$653.6M
Q1 25
$5.9B
$649.0M
Q4 24
$635.7M
Q3 24
$618.5M
Q2 24
$597.8M
Q1 24
$583.4M
Total Assets
MRP
MRP
SCVL
SCVL
Q4 25
$9.3B
$1.2B
Q3 25
$9.0B
$1.2B
Q2 25
$8.0B
$1.1B
Q1 25
$7.2B
$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
MRP
MRP
SCVL
SCVL
Operating Cash FlowLast quarter
$3.7B
$33.6M
Free Cash FlowOCF − Capex
$19.7M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
30.05×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
SCVL
SCVL
Q4 25
$3.7B
$33.6M
Q3 25
$123.1M
$13.3M
Q2 25
$109.1M
$-9.6M
Q1 25
$21.3M
$44.5M
Q4 24
$17.3M
Q3 24
$23.7M
Q2 24
$17.1M
Q1 24
$53.4M
Free Cash Flow
MRP
MRP
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
MRP
MRP
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
MRP
MRP
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
MRP
MRP
SCVL
SCVL
Q4 25
30.05×
2.30×
Q3 25
1.17×
0.69×
Q2 25
0.97×
-1.03×
Q1 25
0.53×
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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