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Side-by-side financial comparison of TopBuild Corp (BLD) and QVC INC (QVCD). Click either name above to swap in a different company.
QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.5B, roughly 1.6× TopBuild Corp). TopBuild Corp runs the higher net margin — 7.0% vs 1.5%, a 5.5% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs -8.9%). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 7.1%).
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
BLD vs QVCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.4B |
| Net Profit | $104.5M | $37.0M |
| Gross Margin | 27.2% | 32.5% |
| Operating Margin | 12.1% | 5.6% |
| Net Margin | 7.0% | 1.5% |
| Revenue YoY | 13.2% | -8.9% |
| Net Profit YoY | -30.6% | 103.0% |
| EPS (diluted) | $3.69 | — |
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.
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.3B | $2.1B |
| Q4 25 | $104.5M | $37.0M | ||
| Q3 25 | $142.2M | $2.0M | ||
| Q2 25 | $151.6M | $-2.2B | ||
| Q1 25 | $123.4M | $-42.0M | ||
| Q4 24 | $150.5M | $-1.2B | ||
| Q3 24 | $169.0M | $51.0M | ||
| Q2 24 | $150.7M | $53.0M | ||
| Q1 24 | $152.4M | $51.0M |
| Q4 25 | 27.2% | 32.5% | ||
| Q3 25 | 30.1% | 33.6% | ||
| Q2 25 | 30.4% | 35.4% | ||
| Q1 25 | 28.5% | 33.3% | ||
| Q4 24 | 29.9% | 32.6% | ||
| Q3 24 | 30.7% | 34.7% | ||
| Q2 24 | 31.0% | 35.6% | ||
| Q1 24 | 30.3% | 35.0% |
| Q4 25 | 12.1% | 5.6% | ||
| Q3 25 | 15.4% | 4.6% | ||
| Q2 25 | 16.9% | -114.5% | ||
| Q1 25 | 14.4% | 1.5% | ||
| Q4 24 | 16.6% | -47.1% | ||
| Q3 24 | 17.8% | 7.8% | ||
| Q2 24 | 15.4% | 7.6% | ||
| Q1 24 | 16.8% | 7.4% |
| Q4 25 | 7.0% | 1.5% | ||
| Q3 25 | 10.2% | 0.1% | ||
| Q2 25 | 11.7% | -109.1% | ||
| Q1 25 | 10.0% | -2.2% | ||
| Q4 24 | 11.5% | -46.0% | ||
| Q3 24 | 12.3% | 2.4% | ||
| Q2 24 | 11.0% | 2.5% | ||
| Q1 24 | 11.9% | 2.4% |
| Q4 25 | $3.69 | — | ||
| Q3 25 | $5.04 | — | ||
| Q2 25 | $5.32 | — | ||
| Q1 25 | $4.23 | — | ||
| Q4 24 | $5.07 | — | ||
| Q3 24 | $5.65 | — | ||
| Q2 24 | $4.78 | — | ||
| Q1 24 | $4.79 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $184.7M | $1.5B |
| Total DebtLower is stronger | $2.8B | $1.0M |
| Stockholders' EquityBook value | $2.3B | $1.2B |
| Total Assets | $6.6B | $8.5B |
| Debt / EquityLower = less leverage | 1.23× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $1.5B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $842.5M | — | ||
| Q1 25 | $308.8M | — | ||
| Q4 24 | $400.3M | $297.0M | ||
| Q3 24 | $257.3M | $297.0M | ||
| Q2 24 | $463.2M | $315.0M | ||
| Q1 24 | $968.8M | $311.0M |
| Q4 25 | $2.8B | $1.0M | ||
| Q3 25 | $2.9B | $5.0B | ||
| Q2 25 | $1.9B | $4.0B | ||
| Q1 25 | $1.4B | $4.0B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.4B | $3.4B | ||
| Q2 24 | $1.4B | $3.7B | ||
| Q1 24 | $1.4B | $3.8B |
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $3.3B | ||
| Q4 24 | $2.2B | $3.3B | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.4B | $4.3B | ||
| Q1 24 | $2.7B | $4.2B |
| Q4 25 | $6.6B | $8.5B | ||
| Q3 25 | $6.4B | $8.3B | ||
| Q2 25 | $5.1B | $7.4B | ||
| Q1 25 | $4.6B | $9.7B | ||
| Q4 24 | $4.7B | $9.9B | ||
| Q3 24 | $4.7B | $9.9B | ||
| Q2 24 | $4.9B | $11.2B | ||
| Q1 24 | $5.3B | $11.4B |
| Q4 25 | 1.23× | 0.00× | ||
| Q3 25 | 1.29× | 4.30× | ||
| Q2 25 | 0.88× | 3.42× | ||
| Q1 25 | 0.65× | 1.22× | ||
| Q4 24 | 0.62× | 1.01× | ||
| Q3 24 | 0.66× | 0.73× | ||
| Q2 24 | 0.59× | 0.87× | ||
| Q1 24 | 0.52× | 0.89× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $176.7M | $245.0M |
| Free Cash FlowOCF − Capex | $159.4M | — |
| FCF MarginFCF / Revenue | 10.7% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 1.69× | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $245.0M | ||
| Q3 25 | $233.3M | $76.0M | ||
| Q2 25 | $193.7M | $52.0M | ||
| Q1 25 | $152.6M | $46.0M | ||
| Q4 24 | $266.2M | $189.0M | ||
| Q3 24 | $240.7M | $98.0M | ||
| Q2 24 | $90.4M | $164.0M | ||
| Q1 24 | $178.8M | $84.0M |
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | — | ||
| Q2 25 | $182.2M | — | ||
| Q1 25 | $139.2M | — | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | — | ||
| Q2 24 | $74.3M | — | ||
| Q1 24 | $158.9M | — |
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 1.69× | 6.62× | ||
| Q3 25 | 1.64× | 38.00× | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | 1.92× | ||
| Q2 24 | 0.60× | 3.09× | ||
| Q1 24 | 1.17× | 1.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
