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Side-by-side financial comparison of Arch Capital Group (ACGL) and QVC Group, Inc. (QVCGA). Click either name above to swap in a different company.

Arch Capital Group is the larger business by last-quarter revenue ($4.5B vs $2.7B, roughly 1.7× QVC Group, Inc.). Arch Capital Group runs the higher net margin — 23.2% vs -1.4%, a 24.5% gap on every dollar of revenue. On growth, Arch Capital Group posted the faster year-over-year revenue change (-3.3% vs -9.1%). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs 3.4%).

Arch Capital Group Ltd. is a Bermuda exempted public company which writes insurance, reinsurance and mortgage insurance on a worldwide basis, with a focus on specialty lines, the segment of the insurance industry where the more difficult and unusual risks are written. The company is headquartered in Bermuda and operates globally in 60 offices in North America, Europe, Asia and Australia.

QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.

ACGL vs QVCGA — Head-to-Head

Bigger by revenue
ACGL
ACGL
1.7× larger
ACGL
$4.5B
$2.7B
QVCGA
Growing faster (revenue YoY)
ACGL
ACGL
+5.9% gap
ACGL
-3.3%
-9.1%
QVCGA
Higher net margin
ACGL
ACGL
24.5% more per $
ACGL
23.2%
-1.4%
QVCGA
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
3.4%
ACGL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACGL
ACGL
QVCGA
QVCGA
Revenue
$4.5B
$2.7B
Net Profit
$1.0B
$-37.0M
Gross Margin
32.9%
Operating Margin
3.7%
Net Margin
23.2%
-1.4%
Revenue YoY
-3.3%
-9.1%
Net Profit YoY
82.4%
97.1%
EPS (diluted)
$2.88
$-17.37

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
ACGL
ACGL
QVCGA
QVCGA
Q1 26
$4.5B
Q4 25
$4.9B
$2.7B
Q3 25
$5.1B
$2.2B
Q2 25
$5.2B
$2.2B
Q1 25
$4.7B
$2.1B
Q4 24
$4.5B
$2.9B
Q3 24
$4.7B
$2.3B
Q2 24
$4.2B
$2.4B
Net Profit
ACGL
ACGL
QVCGA
QVCGA
Q1 26
$1.0B
Q4 25
$1.2B
$-37.0M
Q3 25
$1.4B
$-80.0M
Q2 25
$1.2B
$-2.2B
Q1 25
$574.0M
$-100.0M
Q4 24
$935.0M
$-1.3B
Q3 24
$988.0M
$-23.0M
Q2 24
$1.3B
$20.0M
Gross Margin
ACGL
ACGL
QVCGA
QVCGA
Q1 26
Q4 25
32.9%
Q3 25
34.0%
Q2 25
36.4%
Q1 25
34.2%
Q4 24
33.3%
Q3 24
35.3%
Q2 24
36.4%
Operating Margin
ACGL
ACGL
QVCGA
QVCGA
Q1 26
Q4 25
3.7%
Q3 25
2.7%
Q2 25
-101.6%
Q1 25
0.7%
Q4 24
-43.2%
Q3 24
6.5%
Q2 24
6.9%
Net Margin
ACGL
ACGL
QVCGA
QVCGA
Q1 26
23.2%
Q4 25
25.1%
-1.4%
Q3 25
26.4%
-3.6%
Q2 25
23.7%
-99.4%
Q1 25
12.3%
-4.8%
Q4 24
20.6%
-43.7%
Q3 24
20.9%
-1.0%
Q2 24
30.0%
0.8%
EPS (diluted)
ACGL
ACGL
QVCGA
QVCGA
Q1 26
$2.88
Q4 25
$3.33
$-17.37
Q3 25
$3.56
$-9.89
Q2 25
$3.23
$-275.46
Q1 25
$1.48
$-0.25
Q4 24
$2.41
Q3 24
$2.56
$-0.06
Q2 24
$3.30
$2.57

Balance Sheet & Financial Strength

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

Metric
ACGL
ACGL
QVCGA
QVCGA
Cash + ST InvestmentsLiquidity on hand
$24.0M
$2.0B
Total DebtLower is stronger
$790.0M
Stockholders' EquityBook value
$24.2B
$-3.1B
Total Assets
$81.4B
$7.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACGL
ACGL
QVCGA
QVCGA
Q1 26
$24.0M
Q4 25
$993.0M
$2.0B
Q3 25
$1.1B
$1.8B
Q2 25
$983.0M
$897.0M
Q1 25
$1.2B
$833.0M
Q4 24
$979.0M
$905.0M
Q3 24
$1.0B
$873.0M
Q2 24
$1.0B
$1.2B
Total Debt
ACGL
ACGL
QVCGA
QVCGA
Q1 26
Q4 25
$790.0M
Q3 25
$5.9B
Q2 25
$4.9B
Q1 25
$5.0B
Q4 24
$4.1B
Q3 24
$5.1B
Q2 24
$5.3B
Stockholders' Equity
ACGL
ACGL
QVCGA
QVCGA
Q1 26
$24.2B
Q4 25
$24.2B
$-3.1B
Q3 25
$23.7B
$-3.1B
Q2 25
$23.0B
$-3.0B
Q1 25
$21.5B
$-981.0M
Q4 24
$20.8B
$-971.0M
Q3 24
$22.3B
$397.0M
Q2 24
$20.7B
$328.0M
Total Assets
ACGL
ACGL
QVCGA
QVCGA
Q1 26
$81.4B
Q4 25
$79.2B
$7.6B
Q3 25
$79.2B
$7.6B
Q2 25
$78.8B
$6.7B
Q1 25
$75.2B
$9.0B
Q4 24
$70.9B
$9.2B
Q3 24
$73.7B
$10.8B
Q2 24
$65.5B
$10.9B
Debt / Equity
ACGL
ACGL
QVCGA
QVCGA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.74×
Q2 24
16.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACGL
ACGL
QVCGA
QVCGA
Operating Cash FlowLast quarter
$1.2B
$244.0M
Free Cash FlowOCF − Capex
$191.0M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$118.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACGL
ACGL
QVCGA
QVCGA
Q1 26
$1.2B
Q4 25
$1.4B
$244.0M
Q3 25
$2.2B
$4.0M
Q2 25
$1.1B
$86.0M
Q1 25
$1.5B
$-60.0M
Q4 24
$1.6B
$212.0M
Q3 24
$2.0B
$20.0M
Q2 24
$1.5B
$267.0M
Free Cash Flow
ACGL
ACGL
QVCGA
QVCGA
Q1 26
Q4 25
$1.4B
$191.0M
Q3 25
$2.2B
$-27.0M
Q2 25
$1.1B
$48.0M
Q1 25
$1.4B
$-94.0M
Q4 24
$1.6B
$150.0M
Q3 24
$2.0B
$-23.0M
Q2 24
$1.5B
$213.0M
FCF Margin
ACGL
ACGL
QVCGA
QVCGA
Q1 26
Q4 25
28.2%
7.1%
Q3 25
42.6%
-1.2%
Q2 25
21.3%
2.1%
Q1 25
31.0%
-4.5%
Q4 24
34.3%
5.1%
Q3 24
42.5%
-1.0%
Q2 24
35.6%
8.8%
Capex Intensity
ACGL
ACGL
QVCGA
QVCGA
Q1 26
Q4 25
0.2%
2.0%
Q3 25
0.2%
1.4%
Q2 25
0.2%
1.7%
Q1 25
0.2%
1.6%
Q4 24
0.3%
2.1%
Q3 24
0.3%
1.8%
Q2 24
0.3%
2.2%
Cash Conversion
ACGL
ACGL
QVCGA
QVCGA
Q1 26
1.13×
Q4 25
1.13×
Q3 25
1.62×
Q2 25
0.91×
Q1 25
2.54×
Q4 24
1.68×
Q3 24
2.04×
Q2 24
1.20×
13.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACGL
ACGL

Segment breakdown not available.

QVCGA
QVCGA

Other$915.0M34%
Home$754.0M28%
Beauty$260.0M10%
Apparel$254.0M9%
Electronics$187.0M7%
Accessories$181.0M7%
Jewelry$87.0M3%
Manufactured Product Other$38.0M1%

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