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Side-by-side financial comparison of NOVANTA INC (NOVT) 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 $258.3M, roughly 1.2× NOVANTA INC). NOVANTA INC runs the higher net margin — 6.8% vs 4.9%, a 1.8% gap on every dollar of revenue. On growth, NOVANTA INC posted the faster year-over-year revenue change (8.5% vs -3.2%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M vs $5.1M). Over the past eight quarters, NOVANTA INC's revenue compounded faster (5.8% CAGR vs 3.0%).

Novanta Inc is a global technology supplier delivering high-precision photonics, motion control, and machine vision solutions. It serves core segments including medical equipment manufacturing, advanced industrial automation, robotics, and life sciences, helping customers boost product performance and drive innovation worldwide.

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.

NOVT vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.2× larger
SCVL
$297.2M
$258.3M
NOVT
Growing faster (revenue YoY)
NOVT
NOVT
+11.7% gap
NOVT
8.5%
-3.2%
SCVL
Higher net margin
NOVT
NOVT
1.8% more per $
NOVT
6.8%
4.9%
SCVL
More free cash flow
SCVL
SCVL
$14.6M more FCF
SCVL
$19.7M
$5.1M
NOVT
Faster 2-yr revenue CAGR
NOVT
NOVT
Annualised
NOVT
5.8%
3.0%
SCVL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
NOVT
NOVT
SCVL
SCVL
Revenue
$258.3M
$297.2M
Net Profit
$17.5M
$14.6M
Gross Margin
43.8%
37.6%
Operating Margin
9.6%
6.3%
Net Margin
6.8%
4.9%
Revenue YoY
8.5%
-3.2%
Net Profit YoY
6.1%
-23.9%
EPS (diluted)
$0.46
$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
NOVT
NOVT
SCVL
SCVL
Q4 25
$258.3M
$297.2M
Q3 25
$247.8M
$306.4M
Q2 25
$241.0M
$277.7M
Q1 25
$233.4M
$262.9M
Q4 24
$238.1M
$306.9M
Q3 24
$244.4M
$332.7M
Q2 24
$235.9M
$300.4M
Q1 24
$230.9M
$280.2M
Net Profit
NOVT
NOVT
SCVL
SCVL
Q4 25
$17.5M
$14.6M
Q3 25
$10.7M
$19.2M
Q2 25
$4.5M
$9.3M
Q1 25
$21.2M
$14.7M
Q4 24
$16.5M
$19.2M
Q3 24
$19.2M
$22.6M
Q2 24
$13.8M
$17.3M
Q1 24
$14.7M
$15.5M
Gross Margin
NOVT
NOVT
SCVL
SCVL
Q4 25
43.8%
37.6%
Q3 25
44.8%
38.8%
Q2 25
44.3%
34.5%
Q1 25
44.7%
34.9%
Q4 24
45.5%
36.0%
Q3 24
44.7%
36.1%
Q2 24
44.0%
35.6%
Q1 24
43.5%
35.6%
Operating Margin
NOVT
NOVT
SCVL
SCVL
Q4 25
9.6%
6.3%
Q3 25
8.8%
8.2%
Q2 25
6.2%
4.3%
Q1 25
13.9%
5.3%
Q4 24
11.2%
8.0%
Q3 24
13.3%
9.0%
Q2 24
10.9%
7.5%
Q1 24
11.1%
7.1%
Net Margin
NOVT
NOVT
SCVL
SCVL
Q4 25
6.8%
4.9%
Q3 25
4.3%
6.3%
Q2 25
1.9%
3.4%
Q1 25
9.1%
5.6%
Q4 24
6.9%
6.3%
Q3 24
7.9%
6.8%
Q2 24
5.8%
5.8%
Q1 24
6.4%
5.5%
EPS (diluted)
NOVT
NOVT
SCVL
SCVL
Q4 25
$0.46
$0.53
Q3 25
$0.30
$0.70
Q2 25
$0.12
$0.34
Q1 25
$0.59
$0.53
Q4 24
$0.45
$0.70
Q3 24
$0.53
$0.82
Q2 24
$0.38
$0.63
Q1 24
$0.41
$0.57

Balance Sheet & Financial Strength

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

Metric
NOVT
NOVT
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$380.9M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$683.2M
Total Assets
$1.8B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOVT
NOVT
SCVL
SCVL
Q4 25
$380.9M
$107.7M
Q3 25
$89.2M
$91.9M
Q2 25
$109.9M
$93.0M
Q1 25
$106.0M
$123.1M
Q4 24
$114.0M
$91.1M
Q3 24
$92.7M
$84.5M
Q2 24
$98.5M
$69.5M
Q1 24
$93.5M
$111.2M
Stockholders' Equity
NOVT
NOVT
SCVL
SCVL
Q4 25
$1.3B
$683.2M
Q3 25
$801.5M
$670.7M
Q2 25
$801.4M
$653.6M
Q1 25
$769.8M
$649.0M
Q4 24
$745.7M
$635.7M
Q3 24
$742.2M
$618.5M
Q2 24
$702.0M
$597.8M
Q1 24
$681.7M
$583.4M
Total Assets
NOVT
NOVT
SCVL
SCVL
Q4 25
$1.8B
$1.2B
Q3 25
$1.5B
$1.2B
Q2 25
$1.5B
$1.1B
Q1 25
$1.4B
$1.1B
Q4 24
$1.4B
$1.1B
Q3 24
$1.4B
$1.1B
Q2 24
$1.4B
$1.1B
Q1 24
$1.4B
$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
NOVT
NOVT
SCVL
SCVL
Operating Cash FlowLast quarter
$8.8M
$33.6M
Free Cash FlowOCF − Capex
$5.1M
$19.7M
FCF MarginFCF / Revenue
2.0%
6.6%
Capex IntensityCapex / Revenue
1.4%
4.7%
Cash ConversionOCF / Net Profit
0.50×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$48.4M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOVT
NOVT
SCVL
SCVL
Q4 25
$8.8M
$33.6M
Q3 25
$8.5M
$13.3M
Q2 25
$15.1M
$-9.6M
Q1 25
$31.7M
$44.5M
Q4 24
$61.6M
$17.3M
Q3 24
$23.0M
$23.7M
Q2 24
$41.1M
$17.1M
Q1 24
$32.8M
$53.4M
Free Cash Flow
NOVT
NOVT
SCVL
SCVL
Q4 25
$5.1M
$19.7M
Q3 25
$4.2M
$2.2M
Q2 25
$11.7M
$-23.0M
Q1 25
$27.4M
$36.2M
Q4 24
$59.3M
$8.3M
Q3 24
$19.5M
$18.2M
Q2 24
$36.2M
$6.9M
Q1 24
$26.4M
$40.7M
FCF Margin
NOVT
NOVT
SCVL
SCVL
Q4 25
2.0%
6.6%
Q3 25
1.7%
0.7%
Q2 25
4.8%
-8.3%
Q1 25
11.7%
13.8%
Q4 24
24.9%
2.7%
Q3 24
8.0%
5.5%
Q2 24
15.3%
2.3%
Q1 24
11.4%
14.5%
Capex Intensity
NOVT
NOVT
SCVL
SCVL
Q4 25
1.4%
4.7%
Q3 25
1.7%
3.6%
Q2 25
1.4%
4.8%
Q1 25
1.8%
3.2%
Q4 24
0.9%
3.0%
Q3 24
1.5%
1.7%
Q2 24
2.1%
3.4%
Q1 24
2.8%
4.5%
Cash Conversion
NOVT
NOVT
SCVL
SCVL
Q4 25
0.50×
2.30×
Q3 25
0.80×
0.69×
Q2 25
3.35×
-1.03×
Q1 25
1.49×
3.04×
Q4 24
3.74×
0.90×
Q3 24
1.20×
1.05×
Q2 24
2.99×
0.99×
Q1 24
2.24×
3.44×

Financial Flow Comparison

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

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