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Side-by-side financial comparison of JETBLUE AIRWAYS CORP (JBLU) 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 $2.2B, roughly 1.2× JETBLUE AIRWAYS CORP). QVC Group, Inc. runs the higher net margin — -1.4% vs -14.2%, a 12.9% gap on every dollar of revenue. On growth, JETBLUE AIRWAYS CORP posted the faster year-over-year revenue change (4.7% vs -9.1%). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs -3.9%).

JetBlue Airways Corporation, stylized as jetBlue, is an American low-cost airline headquartered in Long Island City, in Queens, New York City. Primarily a point-to-point carrier, JetBlue's network features six focus cities including its main hub at New York City's John F. Kennedy International Airport, with destinations across the Americas and Europe. Although not a member of any global airline alliances, JetBlue has codeshare agreements with airlines from Oneworld, SkyTeam, and Star Alliance.

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

JBLU vs QVCGA — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.2× larger
QVCGA
$2.7B
$2.2B
JBLU
Growing faster (revenue YoY)
JBLU
JBLU
+13.8% gap
JBLU
4.7%
-9.1%
QVCGA
Higher net margin
QVCGA
QVCGA
12.9% more per $
QVCGA
-1.4%
-14.2%
JBLU
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
-3.9%
JBLU

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JBLU
JBLU
QVCGA
QVCGA
Revenue
$2.2B
$2.7B
Net Profit
$-319.0M
$-37.0M
Gross Margin
32.9%
Operating Margin
-10.0%
3.7%
Net Margin
-14.2%
-1.4%
Revenue YoY
4.7%
-9.1%
Net Profit YoY
97.1%
EPS (diluted)
$-0.86
$-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
JBLU
JBLU
QVCGA
QVCGA
Q1 26
$2.2B
Q4 25
$2.2B
$2.7B
Q3 25
$2.3B
$2.2B
Q2 25
$2.4B
$2.2B
Q1 25
$2.1B
$2.1B
Q4 24
$2.3B
$2.9B
Q3 24
$2.4B
$2.3B
Q2 24
$2.4B
$2.4B
Net Profit
JBLU
JBLU
QVCGA
QVCGA
Q1 26
$-319.0M
Q4 25
$-177.0M
$-37.0M
Q3 25
$-143.0M
$-80.0M
Q2 25
$-74.0M
$-2.2B
Q1 25
$-208.0M
$-100.0M
Q4 24
$-44.0M
$-1.3B
Q3 24
$-60.0M
$-23.0M
Q2 24
$25.0M
$20.0M
Gross Margin
JBLU
JBLU
QVCGA
QVCGA
Q1 26
Q4 25
32.9%
Q3 25
34.0%
Q2 25
36.4%
Q1 25
34.2%
Q4 24
33.3%
Q3 24
35.3%
Q2 24
36.4%
Operating Margin
JBLU
JBLU
QVCGA
QVCGA
Q1 26
-10.0%
Q4 25
-4.5%
3.7%
Q3 25
-4.3%
2.7%
Q2 25
0.3%
-101.6%
Q1 25
-8.1%
0.7%
Q4 24
0.7%
-43.2%
Q3 24
-1.6%
6.5%
Q2 24
2.3%
6.9%
Net Margin
JBLU
JBLU
QVCGA
QVCGA
Q1 26
-14.2%
Q4 25
-7.9%
-1.4%
Q3 25
-6.2%
-3.6%
Q2 25
-3.1%
-99.4%
Q1 25
-9.7%
-4.8%
Q4 24
-1.9%
-43.7%
Q3 24
-2.5%
-1.0%
Q2 24
1.0%
0.8%
EPS (diluted)
JBLU
JBLU
QVCGA
QVCGA
Q1 26
$-0.86
Q4 25
$-0.47
$-17.37
Q3 25
$-0.39
$-9.89
Q2 25
$-0.21
$-275.46
Q1 25
$-0.59
$-0.25
Q4 24
$-0.09
Q3 24
$-0.17
$-0.06
Q2 24
$0.07
$2.57

Balance Sheet & Financial Strength

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

Metric
JBLU
JBLU
QVCGA
QVCGA
Cash + ST InvestmentsLiquidity on hand
$1.9B
$2.0B
Total DebtLower is stronger
$790.0M
Stockholders' EquityBook value
$1.8B
$-3.1B
Total Assets
$16.6B
$7.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBLU
JBLU
QVCGA
QVCGA
Q1 26
$1.9B
Q4 25
$2.2B
$2.0B
Q3 25
$2.6B
$1.8B
Q2 25
$3.1B
$897.0M
Q1 25
$3.5B
$833.0M
Q4 24
$3.6B
$905.0M
Q3 24
$4.0B
$873.0M
Q2 24
$1.5B
$1.2B
Total Debt
JBLU
JBLU
QVCGA
QVCGA
Q1 26
Q4 25
$7.7B
$790.0M
Q3 25
$7.8B
$5.9B
Q2 25
$7.7B
$4.9B
Q1 25
$8.1B
$5.0B
Q4 24
$8.1B
$4.1B
Q3 24
$7.9B
$5.1B
Q2 24
$5.0B
$5.3B
Stockholders' Equity
JBLU
JBLU
QVCGA
QVCGA
Q1 26
$1.8B
Q4 25
$2.1B
$-3.1B
Q3 25
$2.3B
$-3.1B
Q2 25
$2.4B
$-3.0B
Q1 25
$2.4B
$-981.0M
Q4 24
$2.6B
$-971.0M
Q3 24
$2.6B
$397.0M
Q2 24
$2.7B
$328.0M
Total Assets
JBLU
JBLU
QVCGA
QVCGA
Q1 26
$16.6B
Q4 25
$16.6B
$7.6B
Q3 25
$16.6B
$7.6B
Q2 25
$16.9B
$6.7B
Q1 25
$17.1B
$9.0B
Q4 24
$16.8B
$9.2B
Q3 24
$16.6B
$10.8B
Q2 24
$14.0B
$10.9B
Debt / Equity
JBLU
JBLU
QVCGA
QVCGA
Q1 26
Q4 25
3.65×
Q3 25
3.42×
Q2 25
3.21×
Q1 25
3.31×
Q4 24
3.08×
Q3 24
2.98×
12.74×
Q2 24
1.86×
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
JBLU
JBLU
QVCGA
QVCGA
Operating Cash FlowLast quarter
$244.0M
Free Cash FlowOCF − Capex
$191.0M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
6.3%
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
JBLU
JBLU
QVCGA
QVCGA
Q1 26
Q4 25
$49.0M
$244.0M
Q3 25
$-142.0M
$4.0M
Q2 25
$-115.0M
$86.0M
Q1 25
$114.0M
$-60.0M
Q4 24
$-17.0M
$212.0M
Q3 24
$-29.0M
$20.0M
Q2 24
$-14.0M
$267.0M
Free Cash Flow
JBLU
JBLU
QVCGA
QVCGA
Q1 26
Q4 25
$-287.0M
$191.0M
Q3 25
$-411.0M
$-27.0M
Q2 25
$-412.0M
$48.0M
Q1 25
$-62.0M
$-94.0M
Q4 24
$-368.0M
$150.0M
Q3 24
$-302.0M
$-23.0M
Q2 24
$-441.0M
$213.0M
FCF Margin
JBLU
JBLU
QVCGA
QVCGA
Q1 26
Q4 25
-12.8%
7.1%
Q3 25
-17.7%
-1.2%
Q2 25
-17.5%
2.1%
Q1 25
-2.9%
-4.5%
Q4 24
-16.2%
5.1%
Q3 24
-12.8%
-1.0%
Q2 24
-18.2%
8.8%
Capex Intensity
JBLU
JBLU
QVCGA
QVCGA
Q1 26
6.3%
Q4 25
15.0%
2.0%
Q3 25
11.6%
1.4%
Q2 25
12.6%
1.7%
Q1 25
8.2%
1.6%
Q4 24
15.4%
2.1%
Q3 24
11.5%
1.8%
Q2 24
17.6%
2.2%
Cash Conversion
JBLU
JBLU
QVCGA
QVCGA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-0.56×
13.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBLU
JBLU

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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