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Side-by-side financial comparison of LOGITECH INTERNATIONAL S.A. (LOGI) 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× LOGITECH INTERNATIONAL S.A.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs -1.4%, a 19.0% gap on every dollar of revenue. On growth, LOGITECH INTERNATIONAL S.A. posted the faster year-over-year revenue change (6.1% vs -9.1%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $191.0M). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% CAGR vs 6.9%).
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
LOGI vs QVCGA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.7B |
| Net Profit | $251.0M | $-37.0M |
| Gross Margin | 43.2% | 32.9% |
| Operating Margin | 20.1% | 3.7% |
| Net Margin | 17.7% | -1.4% |
| Revenue YoY | 6.1% | -9.1% |
| Net Profit YoY | 25.4% | 97.1% |
| EPS (diluted) | $1.69 | $-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 | $1.4B | $2.7B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.4B | ||
| Q1 24 | $1.0B | $2.3B |
| Q4 25 | $251.0M | $-37.0M | ||
| Q3 25 | $170.7M | $-80.0M | ||
| Q2 25 | $146.0M | $-2.2B | ||
| Q1 25 | $144.1M | $-100.0M | ||
| Q4 24 | $200.1M | $-1.3B | ||
| Q3 24 | $145.5M | $-23.0M | ||
| Q2 24 | $141.8M | $20.0M | ||
| Q1 24 | $167.6M | $-1.0M |
| Q4 25 | 43.2% | 32.9% | ||
| Q3 25 | 43.4% | 34.0% | ||
| Q2 25 | 41.7% | 36.4% | ||
| Q1 25 | 43.1% | 34.2% | ||
| Q4 24 | 42.9% | 33.3% | ||
| Q3 24 | 43.6% | 35.3% | ||
| Q2 24 | 42.8% | 36.4% | ||
| Q1 24 | 43.2% | 35.5% |
| Q4 25 | 20.1% | 3.7% | ||
| Q3 25 | 16.1% | 2.7% | ||
| Q2 25 | 14.1% | -101.6% | ||
| Q1 25 | 10.5% | 0.7% | ||
| Q4 24 | 17.5% | -43.2% | ||
| Q3 24 | 14.4% | 6.5% | ||
| Q2 24 | 14.1% | 6.9% | ||
| Q1 24 | 12.9% | 6.2% |
| Q4 25 | 17.7% | -1.4% | ||
| Q3 25 | 14.4% | -3.6% | ||
| Q2 25 | 12.7% | -99.4% | ||
| Q1 25 | 14.3% | -4.8% | ||
| Q4 24 | 14.9% | -43.7% | ||
| Q3 24 | 13.0% | -1.0% | ||
| Q2 24 | 13.0% | 0.8% | ||
| Q1 24 | 16.6% | -0.0% |
| Q4 25 | $1.69 | $-17.37 | ||
| Q3 25 | $1.15 | $-9.89 | ||
| Q2 25 | $0.98 | $-275.46 | ||
| Q1 25 | $0.94 | $-0.25 | ||
| Q4 24 | $1.32 | — | ||
| Q3 24 | $0.95 | $-0.06 | ||
| Q2 24 | $0.92 | $2.57 | ||
| Q1 24 | $1.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $2.0B |
| Total DebtLower is stronger | — | $790.0M |
| Stockholders' EquityBook value | $2.3B | $-3.1B |
| Total Assets | $4.1B | $7.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.5B | $897.0M | ||
| Q1 25 | $1.5B | $833.0M | ||
| Q4 24 | $1.5B | $905.0M | ||
| Q3 24 | $1.4B | $873.0M | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $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 | $2.3B | $-3.1B | ||
| Q3 25 | $2.1B | $-3.1B | ||
| Q2 25 | $2.2B | $-3.0B | ||
| Q1 25 | $2.1B | $-981.0M | ||
| Q4 24 | $2.1B | $-971.0M | ||
| Q3 24 | $2.1B | $397.0M | ||
| Q2 24 | $2.2B | $328.0M | ||
| Q1 24 | $2.2B | $255.0M |
| Q4 25 | $4.1B | $7.6B | ||
| Q3 25 | $3.7B | $7.6B | ||
| Q2 25 | $3.7B | $6.7B | ||
| Q1 25 | $3.5B | $9.0B | ||
| Q4 24 | $3.7B | $9.2B | ||
| Q3 24 | $3.6B | $10.8B | ||
| Q2 24 | $3.7B | $10.9B | ||
| Q1 24 | $3.6B | $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 | $480.5M | $244.0M |
| Free Cash FlowOCF − Capex | $465.6M | $191.0M |
| FCF MarginFCF / Revenue | 32.8% | 7.1% |
| Capex IntensityCapex / Revenue | 1.0% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | $903.6M | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $480.5M | $244.0M | ||
| Q3 25 | $228.8M | $4.0M | ||
| Q2 25 | $125.0M | $86.0M | ||
| Q1 25 | $129.7M | $-60.0M | ||
| Q4 24 | $370.9M | $212.0M | ||
| Q3 24 | $166.0M | $20.0M | ||
| Q2 24 | $176.0M | $267.0M | ||
| Q1 24 | $239.1M | $26.0M |
| Q4 25 | $465.6M | $191.0M | ||
| Q3 25 | $212.3M | $-27.0M | ||
| Q2 25 | $108.8M | $48.0M | ||
| Q1 25 | $116.9M | $-94.0M | ||
| Q4 24 | $356.6M | $150.0M | ||
| Q3 24 | $151.5M | $-23.0M | ||
| Q2 24 | $161.4M | $213.0M | ||
| Q1 24 | $228.8M | $-14.0M |
| Q4 25 | 32.8% | 7.1% | ||
| Q3 25 | 17.9% | -1.2% | ||
| Q2 25 | 9.5% | 2.1% | ||
| Q1 25 | 11.6% | -4.5% | ||
| Q4 24 | 26.6% | 5.1% | ||
| Q3 24 | 13.6% | -1.0% | ||
| Q2 24 | 14.8% | 8.8% | ||
| Q1 24 | 22.6% | -0.6% |
| Q4 25 | 1.0% | 2.0% | ||
| Q3 25 | 1.4% | 1.4% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 1.3% | 1.8% | ||
| Q2 24 | 1.3% | 2.2% | ||
| Q1 24 | 1.0% | 1.7% |
| Q4 25 | 1.91× | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.24× | 13.35× | ||
| Q1 24 | 1.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
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% |
