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Side-by-side financial comparison of Incyte (INCY) 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 $1.3B, roughly 1.9× Incyte). Incyte runs the higher net margin — 23.8% vs 1.5%, a 22.3% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs -8.9%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs 7.1%).
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
INCY vs QVCD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.4B |
| Net Profit | $303.3M | $37.0M |
| Gross Margin | — | 32.5% |
| Operating Margin | 23.7% | 5.6% |
| Net Margin | 23.8% | 1.5% |
| Revenue YoY | 20.9% | -8.9% |
| Net Profit YoY | 91.7% | 103.0% |
| EPS (diluted) | $1.47 | — |
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.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.0B | $2.1B |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $37.0M | ||
| Q3 25 | $424.2M | $2.0M | ||
| Q2 25 | $405.0M | $-2.2B | ||
| Q1 25 | $158.2M | $-42.0M | ||
| Q4 24 | $201.2M | $-1.2B | ||
| Q3 24 | $106.5M | $51.0M | ||
| Q2 24 | $-444.6M | $53.0M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 32.5% | ||
| Q3 25 | 92.8% | 33.6% | ||
| Q2 25 | 93.5% | 35.4% | ||
| Q1 25 | 93.0% | 33.3% | ||
| Q4 24 | 92.5% | 32.6% | ||
| Q3 24 | 92.4% | 34.7% | ||
| Q2 24 | 92.7% | 35.6% |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 5.6% | ||
| Q3 25 | 32.5% | 4.6% | ||
| Q2 25 | 43.6% | -114.5% | ||
| Q1 25 | 19.5% | 1.5% | ||
| Q4 24 | 25.6% | -47.1% | ||
| Q3 24 | 12.8% | 7.8% | ||
| Q2 24 | -45.8% | 7.6% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 1.5% | ||
| Q3 25 | 31.1% | 0.1% | ||
| Q2 25 | 33.3% | -109.1% | ||
| Q1 25 | 15.0% | -2.2% | ||
| Q4 24 | 17.1% | -46.0% | ||
| Q3 24 | 9.4% | 2.4% | ||
| Q2 24 | -42.6% | 2.5% |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | — | ||
| Q3 25 | $2.11 | — | ||
| Q2 25 | $2.04 | — | ||
| Q1 25 | $0.80 | — | ||
| Q4 24 | $0.90 | — | ||
| Q3 24 | $0.54 | — | ||
| Q2 24 | $-2.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.5B |
| Total DebtLower is stronger | — | $1.0M |
| Stockholders' EquityBook value | $5.6B | $1.2B |
| Total Assets | $7.3B | $8.5B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $1.5B | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.7B | $297.0M | ||
| Q3 24 | $1.3B | $297.0M | ||
| Q2 24 | $987.3M | $315.0M |
| 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 |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.2B | $1.2B | ||
| Q1 25 | $3.7B | $3.3B | ||
| Q4 24 | $3.4B | $3.3B | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.0B | $4.3B |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $8.5B | ||
| Q3 25 | $6.3B | $8.3B | ||
| Q2 25 | $5.8B | $7.4B | ||
| Q1 25 | $5.7B | $9.7B | ||
| Q4 24 | $5.4B | $9.9B | ||
| Q3 24 | $5.0B | $9.9B | ||
| Q2 24 | $4.7B | $11.2B |
| 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $245.0M | ||
| Q3 25 | $559.4M | $76.0M | ||
| Q2 25 | $44.7M | $52.0M | ||
| Q1 25 | $266.1M | $46.0M | ||
| Q4 24 | $381.2M | $189.0M | ||
| Q3 24 | $310.9M | $98.0M | ||
| Q2 24 | $-575.6M | $164.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 6.62× | ||
| Q3 25 | 1.32× | 38.00× | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.89× | — | ||
| Q3 24 | 2.92× | 1.92× | ||
| Q2 24 | — | 3.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
Segment breakdown not available.
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% |
