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Side-by-side financial comparison of Grupo Aeromexico, S.A.B. de C.V. (AERO) and QVC Group, Inc. (QVCGA). Click either name above to swap in a different company.

QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 1.9× Grupo Aeromexico, S.A.B. de C.V.). Grupo Aeromexico, S.A.B. de C.V. runs the higher net margin — 11.5% vs -1.4%, a 12.9% gap on every dollar of revenue.

Grupo Aeromexico is Mexico's flagship airline holding company, offering domestic and international passenger and cargo air transport services. It operates a wide route network covering North America, South America, Europe and Asia, serving leisure and business travel segments with a modern commercial aircraft fleet.

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

AERO vs QVCGA — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.9× larger
QVCGA
$2.7B
$1.4B
AERO
Higher net margin
AERO
AERO
12.9% more per $
AERO
11.5%
-1.4%
QVCGA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AERO
AERO
QVCGA
QVCGA
Revenue
$1.4B
$2.7B
Net Profit
$165.0M
$-37.0M
Gross Margin
32.9%
Operating Margin
21.1%
3.7%
Net Margin
11.5%
-1.4%
Revenue YoY
-9.1%
Net Profit YoY
97.1%
EPS (diluted)
$-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
AERO
AERO
QVCGA
QVCGA
Q4 25
$1.4B
$2.7B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$2.9B
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.3B
Net Profit
AERO
AERO
QVCGA
QVCGA
Q4 25
$165.0M
$-37.0M
Q3 25
$-80.0M
Q2 25
$-2.2B
Q1 25
$-100.0M
Q4 24
$-1.3B
Q3 24
$-23.0M
Q2 24
$20.0M
Q1 24
$-1.0M
Gross Margin
AERO
AERO
QVCGA
QVCGA
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%
Q1 24
35.5%
Operating Margin
AERO
AERO
QVCGA
QVCGA
Q4 25
21.1%
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%
Q1 24
6.2%
Net Margin
AERO
AERO
QVCGA
QVCGA
Q4 25
11.5%
-1.4%
Q3 25
-3.6%
Q2 25
-99.4%
Q1 25
-4.8%
Q4 24
-43.7%
Q3 24
-1.0%
Q2 24
0.8%
Q1 24
-0.0%
EPS (diluted)
AERO
AERO
QVCGA
QVCGA
Q4 25
$-17.37
Q3 25
$-9.89
Q2 25
$-275.46
Q1 25
$-0.25
Q4 24
Q3 24
$-0.06
Q2 24
$2.57
Q1 24

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AERO
AERO
QVCGA
QVCGA
Q4 25
$2.0B
Q3 25
$1.8B
Q2 25
$897.0M
Q1 25
$833.0M
Q4 24
$905.0M
Q3 24
$873.0M
Q2 24
$1.2B
Q1 24
$1.1B
Total Debt
AERO
AERO
QVCGA
QVCGA
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
Q1 24
$5.5B
Stockholders' Equity
AERO
AERO
QVCGA
QVCGA
Q4 25
$-3.1B
Q3 25
$-3.1B
Q2 25
$-3.0B
Q1 25
$-981.0M
Q4 24
$-971.0M
Q3 24
$397.0M
Q2 24
$328.0M
Q1 24
$255.0M
Total Assets
AERO
AERO
QVCGA
QVCGA
Q4 25
$7.6B
Q3 25
$7.6B
Q2 25
$6.7B
Q1 25
$9.0B
Q4 24
$9.2B
Q3 24
$10.8B
Q2 24
$10.9B
Q1 24
$11.0B
Debt / Equity
AERO
AERO
QVCGA
QVCGA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.74×
Q2 24
16.28×
Q1 24
21.53×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AERO
AERO
QVCGA
QVCGA
Q4 25
$244.0M
Q3 25
$4.0M
Q2 25
$86.0M
Q1 25
$-60.0M
Q4 24
$212.0M
Q3 24
$20.0M
Q2 24
$267.0M
Q1 24
$26.0M
Free Cash Flow
AERO
AERO
QVCGA
QVCGA
Q4 25
$191.0M
Q3 25
$-27.0M
Q2 25
$48.0M
Q1 25
$-94.0M
Q4 24
$150.0M
Q3 24
$-23.0M
Q2 24
$213.0M
Q1 24
$-14.0M
FCF Margin
AERO
AERO
QVCGA
QVCGA
Q4 25
7.1%
Q3 25
-1.2%
Q2 25
2.1%
Q1 25
-4.5%
Q4 24
5.1%
Q3 24
-1.0%
Q2 24
8.8%
Q1 24
-0.6%
Capex Intensity
AERO
AERO
QVCGA
QVCGA
Q4 25
2.0%
Q3 25
1.4%
Q2 25
1.7%
Q1 25
1.6%
Q4 24
2.1%
Q3 24
1.8%
Q2 24
2.2%
Q1 24
1.7%
Cash Conversion
AERO
AERO
QVCGA
QVCGA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
13.35×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AERO
AERO

Passenger$1.3B91%
Air Cargo$82.0M6%
Other$52.0M4%

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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