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Side-by-side financial comparison of Brightstar Lottery PLC (BRSL) and QVC INC (QVCD). Click either name above to swap in a different company.

Brightstar Lottery PLC is the larger business by last-quarter revenue ($2.5B vs $2.4B, roughly 1.0× QVC INC). Brightstar Lottery PLC runs the higher net margin — 5.9% vs 1.5%, a 4.3% gap on every dollar of revenue.

BRSL vs QVCD — Head-to-Head

Bigger by revenue
BRSL
BRSL
1.0× larger
BRSL
$2.5B
$2.4B
QVCD
Higher net margin
BRSL
BRSL
4.3% more per $
BRSL
5.9%
1.5%
QVCD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRSL
BRSL
QVCD
QVCD
Revenue
$2.5B
$2.4B
Net Profit
$147.0M
$37.0M
Gross Margin
32.5%
Operating Margin
11.9%
5.6%
Net Margin
5.9%
1.5%
Revenue YoY
-8.9%
Net Profit YoY
103.0%
EPS (diluted)
$0.74

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
BRSL
BRSL
QVCD
QVCD
Q4 25
$2.5B
$2.4B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$2.7B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B
Net Profit
BRSL
BRSL
QVCD
QVCD
Q4 25
$147.0M
$37.0M
Q3 25
$2.0M
Q2 25
$-2.2B
Q1 25
$-42.0M
Q4 24
$-1.2B
Q3 24
$51.0M
Q2 24
$53.0M
Q1 24
$51.0M
Gross Margin
BRSL
BRSL
QVCD
QVCD
Q4 25
32.5%
Q3 25
33.6%
Q2 25
35.4%
Q1 25
33.3%
Q4 24
32.6%
Q3 24
34.7%
Q2 24
35.6%
Q1 24
35.0%
Operating Margin
BRSL
BRSL
QVCD
QVCD
Q4 25
11.9%
5.6%
Q3 25
4.6%
Q2 25
-114.5%
Q1 25
1.5%
Q4 24
-47.1%
Q3 24
7.8%
Q2 24
7.6%
Q1 24
7.4%
Net Margin
BRSL
BRSL
QVCD
QVCD
Q4 25
5.9%
1.5%
Q3 25
0.1%
Q2 25
-109.1%
Q1 25
-2.2%
Q4 24
-46.0%
Q3 24
2.4%
Q2 24
2.5%
Q1 24
2.4%
EPS (diluted)
BRSL
BRSL
QVCD
QVCD
Q4 25
$0.74
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
BRSL
BRSL
QVCD
QVCD
Cash + ST InvestmentsLiquidity on hand
$1.4B
$1.5B
Total DebtLower is stronger
$4.1B
$1.0M
Stockholders' EquityBook value
$875.0M
$1.2B
Total Assets
$9.2B
$8.5B
Debt / EquityLower = less leverage
4.64×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSL
BRSL
QVCD
QVCD
Q4 25
$1.4B
$1.5B
Q3 25
Q2 25
Q1 25
Q4 24
$297.0M
Q3 24
$297.0M
Q2 24
$315.0M
Q1 24
$311.0M
Total Debt
BRSL
BRSL
QVCD
QVCD
Q4 25
$4.1B
$1.0M
Q3 25
$5.0B
Q2 25
$4.0B
Q1 25
$4.0B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.7B
Q1 24
$3.8B
Stockholders' Equity
BRSL
BRSL
QVCD
QVCD
Q4 25
$875.0M
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$4.6B
Q2 24
$4.3B
Q1 24
$4.2B
Total Assets
BRSL
BRSL
QVCD
QVCD
Q4 25
$9.2B
$8.5B
Q3 25
$8.3B
Q2 25
$7.4B
Q1 25
$9.7B
Q4 24
$9.9B
Q3 24
$9.9B
Q2 24
$11.2B
Q1 24
$11.4B
Debt / Equity
BRSL
BRSL
QVCD
QVCD
Q4 25
4.64×
0.00×
Q3 25
4.30×
Q2 25
3.42×
Q1 25
1.22×
Q4 24
1.01×
Q3 24
0.73×
Q2 24
0.87×
Q1 24
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
BRSL
BRSL
QVCD
QVCD
Operating Cash FlowLast quarter
$-99.0M
$245.0M
Free Cash FlowOCF − Capex
$-415.0M
FCF MarginFCF / Revenue
-16.5%
Capex IntensityCapex / Revenue
12.6%
Cash ConversionOCF / Net Profit
-0.67×
6.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSL
BRSL
QVCD
QVCD
Q4 25
$-99.0M
$245.0M
Q3 25
$76.0M
Q2 25
$52.0M
Q1 25
$46.0M
Q4 24
$189.0M
Q3 24
$98.0M
Q2 24
$164.0M
Q1 24
$84.0M
Free Cash Flow
BRSL
BRSL
QVCD
QVCD
Q4 25
$-415.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BRSL
BRSL
QVCD
QVCD
Q4 25
-16.5%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BRSL
BRSL
QVCD
QVCD
Q4 25
12.6%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BRSL
BRSL
QVCD
QVCD
Q4 25
-0.67×
6.62×
Q3 25
38.00×
Q2 25
Q1 25
Q4 24
Q3 24
1.92×
Q2 24
3.09×
Q1 24
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRSL
BRSL

Segment breakdown not available.

QVCD
QVCD

Home$754.0M31%
QVC International$661.0M27%
Beauty$260.0M11%
Apparel$254.0M10%
Electronics$187.0M8%
Accessories$181.0M7%
Jewelry$87.0M4%
Otherrevenue$38.0M2%

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