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Side-by-side financial comparison of KeyCorp (KEY) 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 1.3× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs -1.4%, a 26.8% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -9.1%). KeyCorp produced more free cash flow last quarter ($2.1B vs $191.0M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 6.9%).
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
KEY vs QVCGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.7B |
| Net Profit | $510.0M | $-37.0M |
| Gross Margin | — | 32.9% |
| Operating Margin | 32.3% | 3.7% |
| Net Margin | 25.4% | -1.4% |
| Revenue YoY | 131.8% | -9.1% |
| Net Profit YoY | 309.0% | 97.1% |
| EPS (diluted) | $0.43 | $-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.
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $865.0M | $2.9B | ||
| Q3 24 | $695.0M | $2.3B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.5B | $2.3B |
| Q4 25 | $510.0M | $-37.0M | ||
| Q3 25 | $489.0M | $-80.0M | ||
| Q2 25 | $425.0M | $-2.2B | ||
| Q1 25 | $405.0M | $-100.0M | ||
| Q4 24 | $-244.0M | $-1.3B | ||
| Q3 24 | $-410.0M | $-23.0M | ||
| Q2 24 | $274.0M | $20.0M | ||
| Q1 24 | $219.0M | $-1.0M |
| 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% | ||
| Q1 24 | — | 35.5% |
| Q4 25 | 32.3% | 3.7% | ||
| Q3 25 | 31.8% | 2.7% | ||
| Q2 25 | 29.3% | -101.6% | ||
| Q1 25 | 29.0% | 0.7% | ||
| Q4 24 | -92.6% | -43.2% | ||
| Q3 24 | -72.8% | 6.5% | ||
| Q2 24 | 22.0% | 6.9% | ||
| Q1 24 | 18.1% | 6.2% |
| Q4 25 | 25.4% | -1.4% | ||
| Q3 25 | 25.8% | -3.6% | ||
| Q2 25 | 23.1% | -99.4% | ||
| Q1 25 | 22.8% | -4.8% | ||
| Q4 24 | -54.7% | -43.7% | ||
| Q3 24 | -59.0% | -1.0% | ||
| Q2 24 | 18.0% | 0.8% | ||
| Q1 24 | 14.3% | -0.0% |
| Q4 25 | $0.43 | $-17.37 | ||
| Q3 25 | $0.41 | $-9.89 | ||
| Q2 25 | $0.35 | $-275.46 | ||
| Q1 25 | $0.33 | $-0.25 | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.47 | $-0.06 | ||
| Q2 24 | $0.25 | $2.57 | ||
| Q1 24 | $0.20 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.2B | $2.0B |
| Total DebtLower is stronger | $9.9B | $790.0M |
| Stockholders' EquityBook value | $20.4B | $-3.1B |
| Total Assets | $184.4B | $7.6B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2B | $2.0B | ||
| Q3 25 | $13.3B | $1.8B | ||
| Q2 25 | $11.6B | $897.0M | ||
| Q1 25 | $15.3B | $833.0M | ||
| Q4 24 | $17.5B | $905.0M | ||
| Q3 24 | $22.8B | $873.0M | ||
| Q2 24 | $15.5B | $1.2B | ||
| Q1 24 | $13.2B | $1.1B |
| Q4 25 | $9.9B | $790.0M | ||
| Q3 25 | $10.9B | $5.9B | ||
| Q2 25 | $12.1B | $4.9B | ||
| Q1 25 | $12.4B | $5.0B | ||
| Q4 24 | $12.1B | $4.1B | ||
| Q3 24 | $15.7B | $5.1B | ||
| Q2 24 | $16.9B | $5.3B | ||
| Q1 24 | $20.8B | $5.5B |
| Q4 25 | $20.4B | $-3.1B | ||
| Q3 25 | $20.1B | $-3.1B | ||
| Q2 25 | $19.5B | $-3.0B | ||
| Q1 25 | $19.0B | $-981.0M | ||
| Q4 24 | $18.2B | $-971.0M | ||
| Q3 24 | $16.9B | $397.0M | ||
| Q2 24 | $14.8B | $328.0M | ||
| Q1 24 | $14.5B | $255.0M |
| Q4 25 | $184.4B | $7.6B | ||
| Q3 25 | $187.4B | $7.6B | ||
| Q2 25 | $185.5B | $6.7B | ||
| Q1 25 | $188.7B | $9.0B | ||
| Q4 24 | $187.2B | $9.2B | ||
| Q3 24 | $189.8B | $10.8B | ||
| Q2 24 | $187.4B | $10.9B | ||
| Q1 24 | $187.5B | $11.0B |
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.93× | 12.74× | ||
| Q2 24 | 1.14× | 16.28× | ||
| Q1 24 | 1.43× | 21.53× |
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 | $2.2B | $244.0M |
| Free Cash FlowOCF − Capex | $2.1B | $191.0M |
| FCF MarginFCF / Revenue | 104.8% | 7.1% |
| Capex IntensityCapex / Revenue | 5.3% | 2.0% |
| Cash ConversionOCF / Net Profit | 4.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2B | $244.0M | ||
| Q3 25 | $396.0M | $4.0M | ||
| Q2 25 | $1.2B | $86.0M | ||
| Q1 25 | $-140.0M | $-60.0M | ||
| Q4 24 | $664.0M | $212.0M | ||
| Q3 24 | $-1.2B | $20.0M | ||
| Q2 24 | $-217.0M | $267.0M | ||
| Q1 24 | $359.0M | $26.0M |
| Q4 25 | $2.1B | $191.0M | ||
| Q3 25 | $367.0M | $-27.0M | ||
| Q2 25 | $1.2B | $48.0M | ||
| Q1 25 | $-150.0M | $-94.0M | ||
| Q4 24 | $599.0M | $150.0M | ||
| Q3 24 | $-1.2B | $-23.0M | ||
| Q2 24 | $-230.0M | $213.0M | ||
| Q1 24 | $347.0M | $-14.0M |
| Q4 25 | 104.8% | 7.1% | ||
| Q3 25 | 19.4% | -1.2% | ||
| Q2 25 | 65.8% | 2.1% | ||
| Q1 25 | -8.5% | -4.5% | ||
| Q4 24 | 69.2% | 5.1% | ||
| Q3 24 | -175.8% | -1.0% | ||
| Q2 24 | -15.1% | 8.8% | ||
| Q1 24 | 22.6% | -0.6% |
| Q4 25 | 5.3% | 2.0% | ||
| Q3 25 | 1.5% | 1.4% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 0.6% | 1.6% | ||
| Q4 24 | 7.5% | 2.1% | ||
| Q3 24 | 2.4% | 1.8% | ||
| Q2 24 | 0.9% | 2.2% | ||
| Q1 24 | 0.8% | 1.7% |
| Q4 25 | 4.33× | — | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 2.90× | — | ||
| Q1 25 | -0.35× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.79× | 13.35× | ||
| Q1 24 | 1.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KEY
Segment breakdown not available.
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
