MARKETS / NASDAQ / SHOE

NASDAQ · RETAIL-SHOE STORES · MID CAP

Shoe Station Group Inc. SHOE

17 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$1.1B

▼ 5.6% YoY

Net income

$52.3M

▼ 29.1% YoY

Free cash flow

$26.6M

▼ 61.7% YoY

In brief

What this company does

Shoe Carnival, Inc. sells footwear and accessories for the family, providing customers access to branded footwear for athletics, daily activities, special events and work through physical stores and online channels. As of its fiscal 2025 year end, the company operated 426 stores across 35 states and Puerto Rico, consisting of 144 Shoe Station locations and 282 Shoe Carnival locations. As of its fiscal 2025 year end, the company had approximately 5,000 employees, of which approximately 2,700 were employed on a part-time basis. The company operates two store banners, Shoe Carnival and Shoe Station. The Shoe Carnival banner serves families with children through moderate-income brands and a value-oriented selection with entry-level price points, targeting moderate to low-income families. The Shoe Station banner's product assortment includes higher-end athletic and non-athletic shoes and additional accessories. Shoe Carnival, Inc. is an Indiana corporation that was initially formed in Delaware in 1993 and reincorporated in Indiana in 1996.

Written from the business description in Shoe Carnival, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.

Growth

USD 1.1B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.1 · Net income 0.1

Compound annual growth

Revenue

−3.5%

+3.1%

+1.4%

+2.9%

Net income

−22.0%

+26.7%

+6.2%

+4.5%

EPS, diluted

−21.7%

+27.7%

Dividend / share

+18.6%

Returned to shareholders

−25.4%

+26.7%

−3.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +3.1% a year over five years — but profit grew faster: net income at +26.7%, earnings per share at +27.7%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 5.9% · Net 4.6%

ROE

FY2025 · ROE 7.8%

Gross margin36.6%

Operating margin5.9%

Net margin4.6%

Return on assets4.5%

EBITDAUSD 101.1M

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 16.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 26.6

Net buybacks $M Dividends $M

FY2025 · Dividends 16.7 · Net buybacks -0.2

Dividends paidUSD 16.7M

Net buybacksUSD -172,000.00

Share of profit32.0%

Consecutive raises3 years

USD 16.7M in dividends — 32% of the year's profit went back to shareholders.

Total assetsUSD 1.2B

EquityUSD 689.7M

CashUSD 117.1M

Current ratio3.76×

Equity funds 57% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.1	1.2	1.2	1.3	1.3	1.0	1.0	1.0	1.0	1.0	1.0	0.9	0.9	0.9	0.8	0.7	0.7
Operating income $B	0.1	0.1	0.1	0.1	0.2	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.1	0.1	0.1	0.2	0.2	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.1	0.1	0.1	0.1	0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.0	0.1	0.1	−0.0	0.1	0.1	0.0	0.1	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0
EPS, diluted $	1.90	2.68	2.68	3.96	5.42	0.56	1.46	2.45	1.15	1.28	1.45	1.27	1.32	1.43	1.31	1.37	1.20
Dividend / sh $	0.60	0.54	0.44	0.36	·	·	·	·	0.29	0.28	0.26	0.24	0.24	1.15	·	·	·
Payout %	32	20	17	9	5	32	13	12	25	21	18	19	18	80	·	·	·
ROE %	7.8	12.0	13.2	22.5	40.6	5.3	14.3	12.5	6.0	7.1	8.6	7.9	8.8	10.2	9.8	11.3	6.8

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 82 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRetail-Shoe Stores

Listed onNASDAQ

Incorporated inIndiana

Fiscal year endsJanuary 30

Data on record since2009