vs
Side-by-side financial comparison of Dollar Tree (DLTR) and QVC INC (QVCD). Click either name above to swap in a different company.
Dollar Tree is the larger business by last-quarter revenue ($4.7B vs $2.4B, roughly 2.0× QVC INC). Dollar Tree runs the higher net margin — 5.2% vs 1.5%, a 3.6% gap on every dollar of revenue. On growth, QVC INC posted the faster year-over-year revenue change (-8.9% vs -37.2%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% CAGR vs -25.9%).
Dollar Tree, Inc., formerly known as Dollar Tree Stores, Inc., is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
DLTR vs QVCD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.4B |
| Net Profit | $244.6M | $37.0M |
| Gross Margin | 35.8% | 32.5% |
| Operating Margin | 7.2% | 5.6% |
| Net Margin | 5.2% | 1.5% |
| Revenue YoY | -37.2% | -8.9% |
| Net Profit YoY | 4.8% | 103.0% |
| EPS (diluted) | $1.20 | — |
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 | $4.7B | $2.4B | ||
| Q3 25 | $4.6B | $2.0B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $5.0B | $1.9B | ||
| Q4 24 | $7.6B | $2.7B | ||
| Q3 24 | $7.4B | $2.1B | ||
| Q2 24 | $7.6B | $2.1B | ||
| Q1 24 | $8.6B | $2.1B |
| Q4 25 | $244.6M | $37.0M | ||
| Q3 25 | $188.4M | $2.0M | ||
| Q2 25 | $343.4M | $-2.2B | ||
| Q1 25 | $-3.7B | $-42.0M | ||
| Q4 24 | $233.3M | $-1.2B | ||
| Q3 24 | $132.4M | $51.0M | ||
| Q2 24 | $300.1M | $53.0M | ||
| Q1 24 | $-1.7B | $51.0M |
| Q4 25 | 35.8% | 32.5% | ||
| Q3 25 | 34.4% | 33.6% | ||
| Q2 25 | 35.6% | 35.4% | ||
| Q1 25 | 37.6% | 33.3% | ||
| Q4 24 | 30.9% | 32.6% | ||
| Q3 24 | 30.0% | 34.7% | ||
| Q2 24 | 30.8% | 35.6% | ||
| Q1 24 | 32.1% | 35.0% |
| Q4 25 | 7.2% | 5.6% | ||
| Q3 25 | 5.1% | 4.6% | ||
| Q2 25 | 8.3% | -114.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | 4.4% | -47.1% | ||
| Q3 24 | 2.8% | 7.8% | ||
| Q2 24 | 5.5% | 7.6% | ||
| Q1 24 | -21.9% | 7.4% |
| Q4 25 | 5.2% | 1.5% | ||
| Q3 25 | 4.1% | 0.1% | ||
| Q2 25 | 7.4% | -109.1% | ||
| Q1 25 | -74.0% | -2.2% | ||
| Q4 24 | 3.1% | -46.0% | ||
| Q3 24 | 1.8% | 2.4% | ||
| Q2 24 | 3.9% | 2.5% | ||
| Q1 24 | -19.8% | 2.4% |
| Q4 25 | $1.20 | — | ||
| Q3 25 | $0.91 | — | ||
| Q2 25 | $1.61 | — | ||
| Q1 25 | $-17.17 | — | ||
| Q4 24 | $1.08 | — | ||
| Q3 24 | $0.62 | — | ||
| Q2 24 | $1.38 | — | ||
| Q1 24 | $-7.78 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $594.8M | $1.5B |
| Total DebtLower is stronger | — | $1.0M |
| Stockholders' EquityBook value | $3.5B | $1.2B |
| Total Assets | $13.7B | $8.5B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $594.8M | $1.5B | ||
| Q3 25 | $666.3M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $697.6M | $297.0M | ||
| Q3 24 | $570.3M | $297.0M | ||
| Q2 24 | $618.5M | $315.0M | ||
| Q1 24 | $684.9M | $311.0M |
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | $3.4B | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | $3.4B | $3.8B |
| Q4 25 | $3.5B | $1.2B | ||
| Q3 25 | $3.6B | $1.2B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $4.0B | $3.3B | ||
| Q4 24 | $7.6B | $3.3B | ||
| Q3 24 | $7.4B | $4.6B | ||
| Q2 24 | $7.3B | $4.3B | ||
| Q1 24 | $7.3B | $4.2B |
| Q4 25 | $13.7B | $8.5B | ||
| Q3 25 | $13.4B | $8.3B | ||
| Q2 25 | $18.3B | $7.4B | ||
| Q1 25 | $18.6B | $9.7B | ||
| Q4 24 | $23.3B | $9.9B | ||
| Q3 24 | $22.6B | $9.9B | ||
| Q2 24 | $22.1B | $11.2B | ||
| Q1 24 | $22.0B | $11.4B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | 0.86× | 1.22× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | 0.47× | 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 | $319.3M | $245.0M |
| Free Cash FlowOCF − Capex | $-57.1M | — |
| FCF MarginFCF / Revenue | -1.2% | — |
| Capex IntensityCapex / Revenue | 7.9% | — |
| Cash ConversionOCF / Net Profit | 1.31× | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | $394.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $319.3M | $245.0M | ||
| Q3 25 | $260.7M | $76.0M | ||
| Q2 25 | $378.5M | $52.0M | ||
| Q1 25 | $405.1M | $46.0M | ||
| Q4 24 | $785.6M | $189.0M | ||
| Q3 24 | $306.9M | $98.0M | ||
| Q2 24 | $695.7M | $164.0M | ||
| Q1 24 | $1.3B | $84.0M |
| Q4 25 | $-57.1M | — | ||
| Q3 25 | $15.6M | — | ||
| Q2 25 | $129.7M | — | ||
| Q1 25 | $306.3M | — | ||
| Q4 24 | $359.2M | — | ||
| Q3 24 | $-193.8M | — | ||
| Q2 24 | $223.5M | — | ||
| Q1 24 | $470.8M | — |
| Q4 25 | -1.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -2.6% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 5.5% | — |
| Q4 25 | 7.9% | — | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 6.2% | — | ||
| Q1 24 | 9.1% | — |
| Q4 25 | 1.31× | 6.62× | ||
| Q3 25 | 1.38× | 38.00× | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.37× | — | ||
| Q3 24 | 2.32× | 1.92× | ||
| Q2 24 | 2.32× | 3.09× | ||
| Q1 24 | — | 1.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
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% |
