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Side-by-side financial comparison of Lineage, Inc. (LINE) 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 $1.4B, roughly 1.9× Lineage, Inc.). QVC Group, Inc. runs the higher net margin — -1.4% vs -7.3%, a 5.9% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs -9.1%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $35.0M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
LINE vs QVCGA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.7B |
| Net Profit | $-100.0M | $-37.0M |
| Gross Margin | 32.3% | 32.9% |
| Operating Margin | 2.5% | 3.7% |
| Net Margin | -7.3% | -1.4% |
| Revenue YoY | 3.1% | -9.1% |
| Net Profit YoY | 79.4% | 97.1% |
| EPS (diluted) | $-0.44 | $-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 | — | $2.7B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.3B | $2.4B | ||
| Q1 24 | $1.3B | $2.3B |
| Q4 25 | — | $-37.0M | ||
| Q3 25 | $-100.0M | $-80.0M | ||
| Q2 25 | $-6.0M | $-2.2B | ||
| Q1 25 | $0 | $-100.0M | ||
| Q4 24 | $-71.0M | $-1.3B | ||
| Q3 24 | $-485.0M | $-23.0M | ||
| Q2 24 | $-68.0M | $20.0M | ||
| Q1 24 | $-40.0M | $-1.0M |
| Q4 25 | — | 32.9% | ||
| Q3 25 | 32.3% | 34.0% | ||
| Q2 25 | 31.9% | 36.4% | ||
| Q1 25 | 32.2% | 34.2% | ||
| Q4 24 | 32.3% | 33.3% | ||
| Q3 24 | 32.8% | 35.3% | ||
| Q2 24 | 33.4% | 36.4% | ||
| Q1 24 | 33.4% | 35.5% |
| Q4 25 | — | 3.7% | ||
| Q3 25 | 2.5% | 2.7% | ||
| Q2 25 | 1.7% | -101.6% | ||
| Q1 25 | 4.3% | 0.7% | ||
| Q4 24 | -1.6% | -43.2% | ||
| Q3 24 | -38.6% | 6.5% | ||
| Q2 24 | 5.5% | 6.9% | ||
| Q1 24 | 7.6% | 6.2% |
| Q4 25 | — | -1.4% | ||
| Q3 25 | -7.3% | -3.6% | ||
| Q2 25 | -0.4% | -99.4% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | -5.3% | -43.7% | ||
| Q3 24 | -36.3% | -1.0% | ||
| Q2 24 | -5.1% | 0.8% | ||
| Q1 24 | -3.0% | -0.0% |
| Q4 25 | — | $-17.37 | ||
| Q3 25 | $-0.44 | $-9.89 | ||
| Q2 25 | $-0.03 | $-275.46 | ||
| Q1 25 | $0.01 | $-0.25 | ||
| Q4 24 | $-0.52 | — | ||
| Q3 24 | $-2.44 | $-0.06 | ||
| Q2 24 | $-0.46 | $2.57 | ||
| Q1 24 | $-0.28 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.0B |
| Total DebtLower is stronger | — | $790.0M |
| Stockholders' EquityBook value | $8.4B | $-3.1B |
| Total Assets | $19.2B | $7.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $897.0M | ||
| Q1 25 | — | $833.0M | ||
| Q4 24 | $173.0M | $905.0M | ||
| Q3 24 | $409.0M | $873.0M | ||
| Q2 24 | $73.0M | $1.2B | ||
| Q1 24 | — | $1.1B |
| 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 | ||
| Q1 24 | — | $5.5B |
| Q4 25 | — | $-3.1B | ||
| Q3 25 | $8.4B | $-3.1B | ||
| Q2 25 | $8.6B | $-3.0B | ||
| Q1 25 | $8.6B | $-981.0M | ||
| Q4 24 | $8.6B | $-971.0M | ||
| Q3 24 | $9.0B | $397.0M | ||
| Q2 24 | $4.9B | $328.0M | ||
| Q1 24 | $5.6B | $255.0M |
| Q4 25 | — | $7.6B | ||
| Q3 25 | $19.2B | $7.6B | ||
| Q2 25 | $19.4B | $6.7B | ||
| Q1 25 | $18.8B | $9.0B | ||
| Q4 24 | $18.7B | $9.2B | ||
| Q3 24 | $19.3B | $10.8B | ||
| Q2 24 | $18.8B | $10.9B | ||
| Q1 24 | — | $11.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× | ||
| Q1 24 | — | 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 | $230.0M | $244.0M |
| Free Cash FlowOCF − Capex | $35.0M | $191.0M |
| FCF MarginFCF / Revenue | 2.5% | 7.1% |
| Capex IntensityCapex / Revenue | 14.2% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $244.0M | ||
| Q3 25 | $230.0M | $4.0M | ||
| Q2 25 | $258.0M | $86.0M | ||
| Q1 25 | $139.0M | $-60.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $186.0M | $20.0M | ||
| Q2 24 | $155.0M | $267.0M | ||
| Q1 24 | $105.0M | $26.0M |
| Q4 25 | — | $191.0M | ||
| Q3 25 | $35.0M | $-27.0M | ||
| Q2 25 | $95.0M | $48.0M | ||
| Q1 25 | $-12.0M | $-94.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | $33.0M | $-23.0M | ||
| Q2 24 | $-31.0M | $213.0M | ||
| Q1 24 | $-42.0M | $-14.0M |
| Q4 25 | — | 7.1% | ||
| Q3 25 | 2.5% | -1.2% | ||
| Q2 25 | 7.0% | 2.1% | ||
| Q1 25 | -0.9% | -4.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 2.5% | -1.0% | ||
| Q2 24 | -2.3% | 8.8% | ||
| Q1 24 | -3.2% | -0.6% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 14.2% | 1.4% | ||
| Q2 25 | 12.1% | 1.7% | ||
| Q1 25 | 11.7% | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 11.5% | 1.8% | ||
| Q2 24 | 13.9% | 2.2% | ||
| Q1 24 | 11.1% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 13.35× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
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% |
