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Side-by-side financial comparison of Hudbay Minerals Inc. (HBM) 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 $2.0B, roughly 1.2× Hudbay Minerals Inc.). Hudbay Minerals Inc. runs the higher net margin — 3.4% vs 1.5%, a 1.8% gap on every dollar of revenue.

Hudbay Minerals Inc. is a Canadian mining company that produces copper, gold, silver, zinc, and molybdenum. In 2024, the company produced 137,943 tonnes of copper, 332,240 ounces of gold, 3,983,851 ounces of silver, 33,339 tonnes of zinc, and 1,323 tonnes of molybdenum. In 2024, copper sales represented 57% of revenue, gold sales represented 33% of revenue, and zinc sales represented 4% of revenue.

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

HBM vs QVCD — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.2× larger
QVCD
$2.4B
$2.0B
HBM
Higher net margin
HBM
HBM
1.8% more per $
HBM
3.4%
1.5%
QVCD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBM
HBM
QVCD
QVCD
Revenue
$2.0B
$2.4B
Net Profit
$67.8M
$37.0M
Gross Margin
27.4%
32.5%
Operating Margin
5.6%
Net Margin
3.4%
1.5%
Revenue YoY
-8.9%
Net Profit YoY
103.0%
EPS (diluted)

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
HBM
HBM
QVCD
QVCD
Q1 26
$2.0B
Q4 25
$2.4B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$525.0M
$1.9B
Q4 24
$1.4B
$2.7B
Q3 24
$2.1B
Q2 24
$2.1B
Net Profit
HBM
HBM
QVCD
QVCD
Q1 26
$67.8M
Q4 25
$37.0M
Q3 25
$2.0M
Q2 25
$-2.2B
Q1 25
$18.5M
$-42.0M
Q4 24
$-1.2B
Q3 24
$51.0M
Q2 24
$53.0M
Gross Margin
HBM
HBM
QVCD
QVCD
Q1 26
27.4%
Q4 25
32.5%
Q3 25
33.6%
Q2 25
35.4%
Q1 25
29.0%
33.3%
Q4 24
32.6%
Q3 24
34.7%
Q2 24
35.6%
Operating Margin
HBM
HBM
QVCD
QVCD
Q1 26
Q4 25
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%
Net Margin
HBM
HBM
QVCD
QVCD
Q1 26
3.4%
Q4 25
1.5%
Q3 25
0.1%
Q2 25
-109.1%
Q1 25
3.5%
-2.2%
Q4 24
-46.0%
Q3 24
2.4%
Q2 24
2.5%

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
QVCD
QVCD
Q1 26
Q4 25
$1.5B
Q3 25
Q2 25
Q1 25
Q4 24
$297.0M
Q3 24
$297.0M
Q2 24
$315.0M
Total Debt
HBM
HBM
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
HBM
HBM
QVCD
QVCD
Q1 26
Q4 25
$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
Total Assets
HBM
HBM
QVCD
QVCD
Q1 26
Q4 25
$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
Debt / Equity
HBM
HBM
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
HBM
HBM
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
HBM
HBM
QVCD
QVCD
Q1 26
Q4 25
$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
Cash Conversion
HBM
HBM
QVCD
QVCD
Q1 26
Q4 25
6.62×
Q3 25
38.00×
Q2 25
Q1 25
Q4 24
Q3 24
1.92×
Q2 24
3.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBM
HBM

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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