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Side-by-side financial comparison of Eastman Chemical Company (EMN) 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 $2.0B, roughly 1.4× Eastman Chemical Company). Eastman Chemical Company runs the higher net margin — 5.3% vs -1.4%, a 6.7% gap on every dollar of revenue. On growth, QVC Group, Inc. posted the faster year-over-year revenue change (-9.1% vs -13.8%). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs -8.6%).

Eastman Chemical Company is an American chemical products manufacturer based in Kingsport, Tennessee. Founded in 1920, it was formerly a subsidiary of Kodak until 1994. The company is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. It operates 36 manufacturing sites worldwide and employs approximately 14,000 people. In 2023, Eastman had sales revenue of approximately $9.21 billion.

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

EMN vs QVCGA — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.4× larger
QVCGA
$2.7B
$2.0B
EMN
Growing faster (revenue YoY)
QVCGA
QVCGA
+4.7% gap
QVCGA
-9.1%
-13.8%
EMN
Higher net margin
EMN
EMN
6.7% more per $
EMN
5.3%
-1.4%
QVCGA
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
-8.6%
EMN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EMN
EMN
QVCGA
QVCGA
Revenue
$2.0B
$2.7B
Net Profit
$105.0M
$-37.0M
Gross Margin
17.1%
32.9%
Operating Margin
3.7%
Net Margin
5.3%
-1.4%
Revenue YoY
-13.8%
-9.1%
Net Profit YoY
-42.3%
97.1%
EPS (diluted)
$0.93
$-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
EMN
EMN
QVCGA
QVCGA
Q1 26
$2.0B
Q4 25
$2.0B
$2.7B
Q3 25
$2.2B
$2.2B
Q2 25
$2.3B
$2.2B
Q1 25
$2.3B
$2.1B
Q4 24
$2.2B
$2.9B
Q3 24
$2.5B
$2.3B
Q2 24
$2.4B
$2.4B
Net Profit
EMN
EMN
QVCGA
QVCGA
Q1 26
$105.0M
Q4 25
$105.0M
$-37.0M
Q3 25
$47.0M
$-80.0M
Q2 25
$140.0M
$-2.2B
Q1 25
$182.0M
$-100.0M
Q4 24
$330.0M
$-1.3B
Q3 24
$180.0M
$-23.0M
Q2 24
$230.0M
$20.0M
Gross Margin
EMN
EMN
QVCGA
QVCGA
Q1 26
17.1%
Q4 25
17.1%
32.9%
Q3 25
19.7%
34.0%
Q2 25
22.1%
36.4%
Q1 25
24.8%
34.2%
Q4 24
24.7%
33.3%
Q3 24
24.6%
35.3%
Q2 24
25.3%
36.4%
Operating Margin
EMN
EMN
QVCGA
QVCGA
Q1 26
Q4 25
0.6%
3.7%
Q3 25
6.1%
2.7%
Q2 25
7.4%
-101.6%
Q1 25
11.0%
0.7%
Q4 24
13.2%
-43.2%
Q3 24
11.4%
6.5%
Q2 24
12.1%
6.9%
Net Margin
EMN
EMN
QVCGA
QVCGA
Q1 26
5.3%
Q4 25
5.3%
-1.4%
Q3 25
2.1%
-3.6%
Q2 25
6.1%
-99.4%
Q1 25
7.9%
-4.8%
Q4 24
14.7%
-43.7%
Q3 24
7.3%
-1.0%
Q2 24
9.7%
0.8%
EPS (diluted)
EMN
EMN
QVCGA
QVCGA
Q1 26
$0.93
Q4 25
$0.93
$-17.37
Q3 25
$0.40
$-9.89
Q2 25
$1.20
$-275.46
Q1 25
$1.57
$-0.25
Q4 24
$2.81
Q3 24
$1.53
$-0.06
Q2 24
$1.94
$2.57

Balance Sheet & Financial Strength

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

Metric
EMN
EMN
QVCGA
QVCGA
Cash + ST InvestmentsLiquidity on hand
$566.0M
$2.0B
Total DebtLower is stronger
$790.0M
Stockholders' EquityBook value
$6.0B
$-3.1B
Total Assets
$14.9B
$7.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EMN
EMN
QVCGA
QVCGA
Q1 26
$566.0M
Q4 25
$566.0M
$2.0B
Q3 25
$1.8B
Q2 25
$897.0M
Q1 25
$833.0M
Q4 24
$837.0M
$905.0M
Q3 24
$873.0M
Q2 24
$1.2B
Total Debt
EMN
EMN
QVCGA
QVCGA
Q1 26
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
Stockholders' Equity
EMN
EMN
QVCGA
QVCGA
Q1 26
$6.0B
Q4 25
$6.0B
$-3.1B
Q3 25
$5.8B
$-3.1B
Q2 25
$5.8B
$-3.0B
Q1 25
$5.9B
$-981.0M
Q4 24
$5.8B
$-971.0M
Q3 24
$5.7B
$397.0M
Q2 24
$5.6B
$328.0M
Total Assets
EMN
EMN
QVCGA
QVCGA
Q1 26
$14.9B
Q4 25
$14.9B
$7.6B
Q3 25
$15.0B
$7.6B
Q2 25
$15.2B
$6.7B
Q1 25
$15.0B
$9.0B
Q4 24
$15.2B
$9.2B
Q3 24
$15.1B
$10.8B
Q2 24
$14.9B
$10.9B
Debt / Equity
EMN
EMN
QVCGA
QVCGA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.74×
Q2 24
16.28×

Cash Flow & Capital Efficiency

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

Metric
EMN
EMN
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
EMN
EMN
QVCGA
QVCGA
Q1 26
Q4 25
$502.0M
$244.0M
Q3 25
$402.0M
$4.0M
Q2 25
$233.0M
$86.0M
Q1 25
$-167.0M
$-60.0M
Q4 24
$540.0M
$212.0M
Q3 24
$396.0M
$20.0M
Q2 24
$367.0M
$267.0M
Free Cash Flow
EMN
EMN
QVCGA
QVCGA
Q1 26
Q4 25
$390.0M
$191.0M
Q3 25
$265.0M
$-27.0M
Q2 25
$83.0M
$48.0M
Q1 25
$-314.0M
$-94.0M
Q4 24
$361.0M
$150.0M
Q3 24
$276.0M
$-23.0M
Q2 24
$252.0M
$213.0M
FCF Margin
EMN
EMN
QVCGA
QVCGA
Q1 26
Q4 25
19.8%
7.1%
Q3 25
12.0%
-1.2%
Q2 25
3.6%
2.1%
Q1 25
-13.7%
-4.5%
Q4 24
16.1%
5.1%
Q3 24
11.2%
-1.0%
Q2 24
10.7%
8.8%
Capex Intensity
EMN
EMN
QVCGA
QVCGA
Q1 26
Q4 25
5.7%
2.0%
Q3 25
6.2%
1.4%
Q2 25
6.6%
1.7%
Q1 25
6.4%
1.6%
Q4 24
8.0%
2.1%
Q3 24
4.9%
1.8%
Q2 24
4.9%
2.2%
Cash Conversion
EMN
EMN
QVCGA
QVCGA
Q1 26
Q4 25
4.78×
Q3 25
8.55×
Q2 25
1.66×
Q1 25
-0.92×
Q4 24
1.64×
Q3 24
2.20×
Q2 24
1.60×
13.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EMN
EMN

Segment breakdown not available.

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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