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Side-by-side financial comparison of Digital Realty (DLR) 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 $1.6B, roughly 1.5× Digital Realty). Digital Realty runs the higher net margin — 6.0% vs 1.5%, a 4.5% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -8.9%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs 7.1%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

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

DLR vs QVCD — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.5× larger
QVCD
$2.4B
$1.6B
DLR
Growing faster (revenue YoY)
DLR
DLR
+25.1% gap
DLR
16.1%
-8.9%
QVCD
Higher net margin
DLR
DLR
4.5% more per $
DLR
6.0%
1.5%
QVCD
Faster 2-yr revenue CAGR
DLR
DLR
Annualised
DLR
9.8%
7.1%
QVCD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLR
DLR
QVCD
QVCD
Revenue
$1.6B
$2.4B
Net Profit
$98.6M
$37.0M
Gross Margin
32.5%
Operating Margin
6.9%
5.6%
Net Margin
6.0%
1.5%
Revenue YoY
16.1%
-8.9%
Net Profit YoY
-10.3%
103.0%
EPS (diluted)
$0.22

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
DLR
DLR
QVCD
QVCD
Q1 26
$1.6B
Q4 25
$1.6B
$2.4B
Q3 25
$1.6B
$2.0B
Q2 25
$1.5B
$2.0B
Q1 25
$1.4B
$1.9B
Q4 24
$1.4B
$2.7B
Q3 24
$1.4B
$2.1B
Q2 24
$1.4B
$2.1B
Net Profit
DLR
DLR
QVCD
QVCD
Q1 26
$98.6M
Q4 25
$98.6M
$37.0M
Q3 25
$67.8M
$2.0M
Q2 25
$1.0B
$-2.2B
Q1 25
$110.0M
$-42.0M
Q4 24
$189.6M
$-1.2B
Q3 24
$51.2M
$51.0M
Q2 24
$80.2M
$53.0M
Gross Margin
DLR
DLR
QVCD
QVCD
Q1 26
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%
Operating Margin
DLR
DLR
QVCD
QVCD
Q1 26
6.9%
Q4 25
6.9%
5.6%
Q3 25
8.8%
4.6%
Q2 25
14.2%
-114.5%
Q1 25
13.9%
1.5%
Q4 24
10.1%
-47.1%
Q3 24
11.8%
7.8%
Q2 24
0.7%
7.6%
Net Margin
DLR
DLR
QVCD
QVCD
Q1 26
6.0%
Q4 25
6.0%
1.5%
Q3 25
4.3%
0.1%
Q2 25
69.1%
-109.1%
Q1 25
7.8%
-2.2%
Q4 24
13.2%
-46.0%
Q3 24
3.6%
2.4%
Q2 24
5.9%
2.5%
EPS (diluted)
DLR
DLR
QVCD
QVCD
Q1 26
$0.22
Q4 25
$0.22
Q3 25
$0.15
Q2 25
$2.94
Q1 25
$0.27
Q4 24
$0.50
Q3 24
$0.09
Q2 24
$0.20

Balance Sheet & Financial Strength

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

Metric
DLR
DLR
QVCD
QVCD
Cash + ST InvestmentsLiquidity on hand
$3.5B
$1.5B
Total DebtLower is stronger
$1.0M
Stockholders' EquityBook value
$22.9B
$1.2B
Total Assets
$49.4B
$8.5B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
QVCD
QVCD
Q1 26
$3.5B
Q4 25
$3.5B
$1.5B
Q3 25
$3.3B
Q2 25
$3.6B
Q1 25
$2.3B
Q4 24
$3.9B
$297.0M
Q3 24
$2.2B
$297.0M
Q2 24
$2.3B
$315.0M
Total Debt
DLR
DLR
QVCD
QVCD
Q1 26
Q4 25
$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
Stockholders' Equity
DLR
DLR
QVCD
QVCD
Q1 26
$22.9B
Q4 25
$22.9B
$1.2B
Q3 25
$23.0B
$1.2B
Q2 25
$22.9B
$1.2B
Q1 25
$21.3B
$3.3B
Q4 24
$21.3B
$3.3B
Q3 24
$21.2B
$4.6B
Q2 24
$20.5B
$4.3B
Total Assets
DLR
DLR
QVCD
QVCD
Q1 26
$49.4B
Q4 25
$49.4B
$8.5B
Q3 25
$48.7B
$8.3B
Q2 25
$48.7B
$7.4B
Q1 25
$45.1B
$9.7B
Q4 24
$45.3B
$9.9B
Q3 24
$45.3B
$9.9B
Q2 24
$43.6B
$11.2B
Debt / Equity
DLR
DLR
QVCD
QVCD
Q1 26
Q4 25
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×

Cash Flow & Capital Efficiency

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

Metric
DLR
DLR
QVCD
QVCD
Operating Cash FlowLast quarter
$245.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLR
DLR
QVCD
QVCD
Q1 26
Q4 25
$719.0M
$245.0M
Q3 25
$652.9M
$76.0M
Q2 25
$641.2M
$52.0M
Q1 25
$399.1M
$46.0M
Q4 24
$769.5M
$189.0M
Q3 24
$566.5M
$98.0M
Q2 24
$573.2M
$164.0M
Cash Conversion
DLR
DLR
QVCD
QVCD
Q1 26
Q4 25
7.29×
6.62×
Q3 25
9.63×
38.00×
Q2 25
0.62×
Q1 25
3.63×
Q4 24
4.06×
Q3 24
11.07×
1.92×
Q2 24
7.15×
3.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLR
DLR

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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