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Side-by-side financial comparison of Ultragenyx Pharmaceutical Inc. (RARE) 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 $207.3M, roughly 1.4× Ultragenyx Pharmaceutical Inc.). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs -62.0%, a 66.9% gap on every dollar of revenue. On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% vs -3.2%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M vs $-100.8M). Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% CAGR vs 3.0%).

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

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.

RARE vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.4× larger
SCVL
$297.2M
$207.3M
RARE
Growing faster (revenue YoY)
RARE
RARE
+29.1% gap
RARE
25.9%
-3.2%
SCVL
Higher net margin
SCVL
SCVL
66.9% more per $
SCVL
4.9%
-62.0%
RARE
More free cash flow
SCVL
SCVL
$120.5M more FCF
SCVL
$19.7M
$-100.8M
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
3.0%
SCVL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
RARE
RARE
SCVL
SCVL
Revenue
$207.3M
$297.2M
Net Profit
$-128.6M
$14.6M
Gross Margin
37.6%
Operating Margin
-54.7%
6.3%
Net Margin
-62.0%
4.9%
Revenue YoY
25.9%
-3.2%
Net Profit YoY
3.5%
-23.9%
EPS (diluted)
$-1.28
$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
RARE
RARE
SCVL
SCVL
Q4 25
$207.3M
$297.2M
Q3 25
$159.9M
$306.4M
Q2 25
$166.5M
$277.7M
Q1 25
$139.3M
$262.9M
Q4 24
$164.6M
$306.9M
Q3 24
$139.5M
$332.7M
Q2 24
$147.0M
$300.4M
Q1 24
$108.8M
$280.2M
Net Profit
RARE
RARE
SCVL
SCVL
Q4 25
$-128.6M
$14.6M
Q3 25
$-180.4M
$19.2M
Q2 25
$-115.0M
$9.3M
Q1 25
$-151.1M
$14.7M
Q4 24
$-133.2M
$19.2M
Q3 24
$-133.5M
$22.6M
Q2 24
$-131.6M
$17.3M
Q1 24
$-170.7M
$15.5M
Gross Margin
RARE
RARE
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
RARE
RARE
SCVL
SCVL
Q4 25
-54.7%
6.3%
Q3 25
-106.9%
8.2%
Q2 25
-64.8%
4.3%
Q1 25
-102.6%
5.3%
Q4 24
-74.3%
8.0%
Q3 24
-94.6%
9.0%
Q2 24
-79.1%
7.5%
Q1 24
-151.9%
7.1%
Net Margin
RARE
RARE
SCVL
SCVL
Q4 25
-62.0%
4.9%
Q3 25
-112.8%
6.3%
Q2 25
-69.0%
3.4%
Q1 25
-108.5%
5.6%
Q4 24
-80.9%
6.3%
Q3 24
-95.7%
6.8%
Q2 24
-89.5%
5.8%
Q1 24
-156.8%
5.5%
EPS (diluted)
RARE
RARE
SCVL
SCVL
Q4 25
$-1.28
$0.53
Q3 25
$-1.81
$0.70
Q2 25
$-1.17
$0.34
Q1 25
$-1.57
$0.53
Q4 24
$-1.34
$0.70
Q3 24
$-1.40
$0.82
Q2 24
$-1.52
$0.63
Q1 24
$-2.03
$0.57

Balance Sheet & Financial Strength

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

Metric
RARE
RARE
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$421.0M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-80.0M
$683.2M
Total Assets
$1.5B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RARE
RARE
SCVL
SCVL
Q4 25
$421.0M
$107.7M
Q3 25
$202.5M
$91.9M
Q2 25
$176.3M
$93.0M
Q1 25
$127.1M
$123.1M
Q4 24
$174.0M
$91.1M
Q3 24
$150.6M
$84.5M
Q2 24
$480.7M
$69.5M
Q1 24
$112.3M
$111.2M
Stockholders' Equity
RARE
RARE
SCVL
SCVL
Q4 25
$-80.0M
$683.2M
Q3 25
$9.2M
$670.7M
Q2 25
$151.3M
$653.6M
Q1 25
$144.2M
$649.0M
Q4 24
$255.0M
$635.7M
Q3 24
$346.8M
$618.5M
Q2 24
$432.4M
$597.8M
Q1 24
$140.3M
$583.4M
Total Assets
RARE
RARE
SCVL
SCVL
Q4 25
$1.5B
$1.2B
Q3 25
$1.2B
$1.2B
Q2 25
$1.3B
$1.1B
Q1 25
$1.3B
$1.1B
Q4 24
$1.5B
$1.1B
Q3 24
$1.5B
$1.1B
Q2 24
$1.6B
$1.1B
Q1 24
$1.3B
$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
RARE
RARE
SCVL
SCVL
Operating Cash FlowLast quarter
$-99.8M
$33.6M
Free Cash FlowOCF − Capex
$-100.8M
$19.7M
FCF MarginFCF / Revenue
-48.6%
6.6%
Capex IntensityCapex / Revenue
0.5%
4.7%
Cash ConversionOCF / Net Profit
2.30×
TTM Free Cash FlowTrailing 4 quarters
$-472.0M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RARE
RARE
SCVL
SCVL
Q4 25
$-99.8M
$33.6M
Q3 25
$-91.4M
$13.3M
Q2 25
$-108.3M
$-9.6M
Q1 25
$-166.5M
$44.5M
Q4 24
$-79.3M
$17.3M
Q3 24
$-67.0M
$23.7M
Q2 24
$-77.0M
$17.1M
Q1 24
$-190.7M
$53.4M
Free Cash Flow
RARE
RARE
SCVL
SCVL
Q4 25
$-100.8M
$19.7M
Q3 25
$-92.7M
$2.2M
Q2 25
$-110.7M
$-23.0M
Q1 25
$-167.8M
$36.2M
Q4 24
$-79.5M
$8.3M
Q3 24
$-68.6M
$18.2M
Q2 24
$-79.0M
$6.9M
Q1 24
$-193.9M
$40.7M
FCF Margin
RARE
RARE
SCVL
SCVL
Q4 25
-48.6%
6.6%
Q3 25
-58.0%
0.7%
Q2 25
-66.5%
-8.3%
Q1 25
-120.5%
13.8%
Q4 24
-48.3%
2.7%
Q3 24
-49.2%
5.5%
Q2 24
-53.7%
2.3%
Q1 24
-178.2%
14.5%
Capex Intensity
RARE
RARE
SCVL
SCVL
Q4 25
0.5%
4.7%
Q3 25
0.8%
3.6%
Q2 25
1.5%
4.8%
Q1 25
1.0%
3.2%
Q4 24
0.1%
3.0%
Q3 24
1.2%
1.7%
Q2 24
1.4%
3.4%
Q1 24
3.0%
4.5%
Cash Conversion
RARE
RARE
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.

Revenue Breakdown by Segment

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

SCVL
SCVL

Segment breakdown not available.

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