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Side-by-side financial comparison of Protagonist Therapeutics, Inc (PTGX) 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 $170.6M, roughly 1.7× Protagonist Therapeutics, Inc). Protagonist Therapeutics, Inc runs the higher net margin — 77.2% vs 4.9%, a 72.2% gap on every dollar of revenue. On growth, Protagonist Therapeutics, Inc posted the faster year-over-year revenue change (184.4% vs -3.2%). Protagonist Therapeutics, Inc produced more free cash flow last quarter ($182.8M vs $19.7M).

Protagonist Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing novel peptide-based targeted therapies for unmet medical needs, primarily covering gastrointestinal disorders, inflammatory diseases and rare disease indications. Its lead product candidates target inflammatory bowel disease and other chronic immune-related conditions, with operations spanning global R&D and partnership collaborations.

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.

PTGX vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.7× larger
SCVL
$297.2M
$170.6M
PTGX
Growing faster (revenue YoY)
PTGX
PTGX
+187.6% gap
PTGX
184.4%
-3.2%
SCVL
Higher net margin
PTGX
PTGX
72.2% more per $
PTGX
77.2%
4.9%
SCVL
More free cash flow
PTGX
PTGX
$163.1M more FCF
PTGX
$182.8M
$19.7M
SCVL

Income Statement — Q4 FY2024 vs Q3 FY2026

Metric
PTGX
PTGX
SCVL
SCVL
Revenue
$170.6M
$297.2M
Net Profit
$131.7M
$14.6M
Gross Margin
37.6%
Operating Margin
74.3%
6.3%
Net Margin
77.2%
4.9%
Revenue YoY
184.4%
-3.2%
Net Profit YoY
381.7%
-23.9%
EPS (diluted)
$2.01
$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
PTGX
PTGX
SCVL
SCVL
Q4 25
$297.2M
Q3 25
$306.4M
Q2 25
$277.7M
Q1 25
$262.9M
Q4 24
$170.6M
$306.9M
Q3 24
$332.7M
Q2 24
$300.4M
Q1 24
$255.0M
$280.2M
Net Profit
PTGX
PTGX
SCVL
SCVL
Q4 25
$14.6M
Q3 25
$19.2M
Q2 25
$9.3M
Q1 25
$14.7M
Q4 24
$131.7M
$19.2M
Q3 24
$22.6M
Q2 24
$17.3M
Q1 24
$207.3M
$15.5M
Gross Margin
PTGX
PTGX
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
PTGX
PTGX
SCVL
SCVL
Q4 25
6.3%
Q3 25
8.2%
Q2 25
4.3%
Q1 25
5.3%
Q4 24
74.3%
8.0%
Q3 24
9.0%
Q2 24
7.5%
Q1 24
80.9%
7.1%
Net Margin
PTGX
PTGX
SCVL
SCVL
Q4 25
4.9%
Q3 25
6.3%
Q2 25
3.4%
Q1 25
5.6%
Q4 24
77.2%
6.3%
Q3 24
6.8%
Q2 24
5.8%
Q1 24
81.3%
5.5%
EPS (diluted)
PTGX
PTGX
SCVL
SCVL
Q4 25
$0.53
Q3 25
$0.70
Q2 25
$0.34
Q1 25
$0.53
Q4 24
$2.01
$0.70
Q3 24
$0.82
Q2 24
$0.63
Q1 24
$3.26
$0.57

Balance Sheet & Financial Strength

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

Metric
PTGX
PTGX
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$418.9M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$675.3M
$683.2M
Total Assets
$744.7M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTGX
PTGX
SCVL
SCVL
Q4 25
$107.7M
Q3 25
$91.9M
Q2 25
$93.0M
Q1 25
$123.1M
Q4 24
$418.9M
$91.1M
Q3 24
$84.5M
Q2 24
$69.5M
Q1 24
$322.6M
$111.2M
Stockholders' Equity
PTGX
PTGX
SCVL
SCVL
Q4 25
$683.2M
Q3 25
$670.7M
Q2 25
$653.6M
Q1 25
$649.0M
Q4 24
$675.3M
$635.7M
Q3 24
$618.5M
Q2 24
$597.8M
Q1 24
$560.4M
$583.4M
Total Assets
PTGX
PTGX
SCVL
SCVL
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$744.7M
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$629.3M
$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
PTGX
PTGX
SCVL
SCVL
Operating Cash FlowLast quarter
$184.2M
$33.6M
Free Cash FlowOCF − Capex
$182.8M
$19.7M
FCF MarginFCF / Revenue
107.1%
6.6%
Capex IntensityCapex / Revenue
0.8%
4.7%
Cash ConversionOCF / Net Profit
1.40×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$101.7M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTGX
PTGX
SCVL
SCVL
Q4 25
$33.6M
Q3 25
$13.3M
Q2 25
$-9.6M
Q1 25
$44.5M
Q4 24
$184.2M
$17.3M
Q3 24
$23.7M
Q2 24
$17.1M
Q1 24
$-27.4M
$53.4M
Free Cash Flow
PTGX
PTGX
SCVL
SCVL
Q4 25
$19.7M
Q3 25
$2.2M
Q2 25
$-23.0M
Q1 25
$36.2M
Q4 24
$182.8M
$8.3M
Q3 24
$18.2M
Q2 24
$6.9M
Q1 24
$-27.7M
$40.7M
FCF Margin
PTGX
PTGX
SCVL
SCVL
Q4 25
6.6%
Q3 25
0.7%
Q2 25
-8.3%
Q1 25
13.8%
Q4 24
107.1%
2.7%
Q3 24
5.5%
Q2 24
2.3%
Q1 24
-10.9%
14.5%
Capex Intensity
PTGX
PTGX
SCVL
SCVL
Q4 25
4.7%
Q3 25
3.6%
Q2 25
4.8%
Q1 25
3.2%
Q4 24
0.8%
3.0%
Q3 24
1.7%
Q2 24
3.4%
Q1 24
0.1%
4.5%
Cash Conversion
PTGX
PTGX
SCVL
SCVL
Q4 25
2.30×
Q3 25
0.69×
Q2 25
-1.03×
Q1 25
3.04×
Q4 24
1.40×
0.90×
Q3 24
1.05×
Q2 24
0.99×
Q1 24
-0.13×
3.44×

Financial Flow Comparison

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

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