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Side-by-side financial comparison of ManpowerGroup Inc. (MAN) and QVC Group, Inc. (QVCGA). Click either name above to swap in a different company.
ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $2.7B, roughly 1.8× QVC Group, Inc.). ManpowerGroup Inc. runs the higher net margin — 0.6% vs -1.4%, a 2.0% gap on every dollar of revenue. On growth, ManpowerGroup Inc. posted the faster year-over-year revenue change (7.1% vs -9.1%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $168.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs 3.5%).
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
MAN vs QVCGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.7B |
| Net Profit | $30.2M | $-37.0M |
| Gross Margin | 16.3% | 32.9% |
| Operating Margin | 1.7% | 3.7% |
| Net Margin | 0.6% | -1.4% |
| Revenue YoY | 7.1% | -9.1% |
| Net Profit YoY | 34.2% | 97.1% |
| EPS (diluted) | $0.65 | $-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 | $4.7B | $2.7B | ||
| Q3 25 | $4.6B | $2.2B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.1B | $2.1B | ||
| Q4 24 | $4.4B | $2.9B | ||
| Q3 24 | $4.5B | $2.3B | ||
| Q2 24 | $4.5B | $2.4B | ||
| Q1 24 | $4.4B | $2.3B |
| Q4 25 | $30.2M | $-37.0M | ||
| Q3 25 | $18.0M | $-80.0M | ||
| Q2 25 | $-67.1M | $-2.2B | ||
| Q1 25 | $5.6M | $-100.0M | ||
| Q4 24 | $22.5M | $-1.3B | ||
| Q3 24 | $22.8M | $-23.0M | ||
| Q2 24 | $60.1M | $20.0M | ||
| Q1 24 | $39.7M | $-1.0M |
| Q4 25 | 16.3% | 32.9% | ||
| Q3 25 | 16.6% | 34.0% | ||
| Q2 25 | 16.9% | 36.4% | ||
| Q1 25 | 17.1% | 34.2% | ||
| Q4 24 | 17.2% | 33.3% | ||
| Q3 24 | 17.3% | 35.3% | ||
| Q2 24 | 17.4% | 36.4% | ||
| Q1 24 | 17.3% | 35.5% |
| Q4 25 | 1.7% | 3.7% | ||
| Q3 25 | 1.4% | 2.7% | ||
| Q2 25 | -0.6% | -101.6% | ||
| Q1 25 | 0.7% | 0.7% | ||
| Q4 24 | 1.6% | -43.2% | ||
| Q3 24 | 1.6% | 6.5% | ||
| Q2 24 | 2.2% | 6.9% | ||
| Q1 24 | 1.5% | 6.2% |
| Q4 25 | 0.6% | -1.4% | ||
| Q3 25 | 0.4% | -3.6% | ||
| Q2 25 | -1.5% | -99.4% | ||
| Q1 25 | 0.1% | -4.8% | ||
| Q4 24 | 0.5% | -43.7% | ||
| Q3 24 | 0.5% | -1.0% | ||
| Q2 24 | 1.3% | 0.8% | ||
| Q1 24 | 0.9% | -0.0% |
| Q4 25 | $0.65 | $-17.37 | ||
| Q3 25 | $0.38 | $-9.89 | ||
| Q2 25 | $-1.44 | $-275.46 | ||
| Q1 25 | $0.12 | $-0.25 | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $0.47 | $-0.06 | ||
| Q2 24 | $1.24 | $2.57 | ||
| Q1 24 | $0.81 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $871.0M | $2.0B |
| Total DebtLower is stronger | $1.1B | $790.0M |
| Stockholders' EquityBook value | $2.1B | $-3.1B |
| Total Assets | $9.2B | $7.6B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $871.0M | $2.0B | ||
| Q3 25 | $274.6M | $1.8B | ||
| Q2 25 | $289.8M | $897.0M | ||
| Q1 25 | $395.0M | $833.0M | ||
| Q4 24 | $509.4M | $905.0M | ||
| Q3 24 | $410.9M | $873.0M | ||
| Q2 24 | $468.9M | $1.2B | ||
| Q1 24 | $604.8M | $1.1B |
| Q4 25 | $1.1B | $790.0M | ||
| Q3 25 | $468.3M | $5.9B | ||
| Q2 25 | $470.3M | $4.9B | ||
| Q1 25 | $971.4M | $5.0B | ||
| Q4 24 | $929.4M | $4.1B | ||
| Q3 24 | $999.7M | $5.1B | ||
| Q2 24 | $961.7M | $5.3B | ||
| Q1 24 | $968.9M | $5.5B |
| Q4 25 | $2.1B | $-3.1B | ||
| Q3 25 | $2.0B | $-3.1B | ||
| Q2 25 | $2.0B | $-3.0B | ||
| Q1 25 | $2.1B | $-981.0M | ||
| Q4 24 | $2.1B | $-971.0M | ||
| Q3 24 | $2.2B | $397.0M | ||
| Q2 24 | $2.1B | $328.0M | ||
| Q1 24 | $2.2B | $255.0M |
| Q4 25 | $9.2B | $7.6B | ||
| Q3 25 | $8.4B | $7.6B | ||
| Q2 25 | $8.5B | $6.7B | ||
| Q1 25 | $8.0B | $9.0B | ||
| Q4 24 | $8.2B | $9.2B | ||
| Q3 24 | $8.5B | $10.8B | ||
| Q2 24 | $8.5B | $10.9B | ||
| Q1 24 | $8.5B | $11.0B |
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.46× | 12.74× | ||
| Q2 24 | 0.45× | 16.28× | ||
| Q1 24 | 0.45× | 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 | $178.9M | $244.0M |
| Free Cash FlowOCF − Capex | $168.0M | $191.0M |
| FCF MarginFCF / Revenue | 3.6% | 7.1% |
| Capex IntensityCapex / Revenue | 0.2% | 2.0% |
| Cash ConversionOCF / Net Profit | 5.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-161.4M | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $178.9M | $244.0M | ||
| Q3 25 | $59.8M | $4.0M | ||
| Q2 25 | $-189.6M | $86.0M | ||
| Q1 25 | $-153.2M | $-60.0M | ||
| Q4 24 | $247.6M | $212.0M | ||
| Q3 24 | $83.5M | $20.0M | ||
| Q2 24 | $-137.9M | $267.0M | ||
| Q1 24 | $116.0M | $26.0M |
| Q4 25 | $168.0M | $191.0M | ||
| Q3 25 | $44.7M | $-27.0M | ||
| Q2 25 | $-207.2M | $48.0M | ||
| Q1 25 | $-166.9M | $-94.0M | ||
| Q4 24 | $236.3M | $150.0M | ||
| Q3 24 | $67.4M | $-23.0M | ||
| Q2 24 | $-149.8M | $213.0M | ||
| Q1 24 | $104.2M | $-14.0M |
| Q4 25 | 3.6% | 7.1% | ||
| Q3 25 | 1.0% | -1.2% | ||
| Q2 25 | -4.6% | 2.1% | ||
| Q1 25 | -4.1% | -4.5% | ||
| Q4 24 | 5.4% | 5.1% | ||
| Q3 24 | 1.5% | -1.0% | ||
| Q2 24 | -3.3% | 8.8% | ||
| Q1 24 | 2.4% | -0.6% |
| Q4 25 | 0.2% | 2.0% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.4% | 1.7% | ||
| Q1 25 | 0.3% | 1.6% | ||
| Q4 24 | 0.3% | 2.1% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.3% | 2.2% | ||
| Q1 24 | 0.3% | 1.7% |
| Q4 25 | 5.92× | — | ||
| Q3 25 | 3.32× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -27.36× | — | ||
| Q4 24 | 11.00× | — | ||
| Q3 24 | 3.66× | — | ||
| Q2 24 | -2.29× | 13.35× | ||
| Q1 24 | 2.92× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAN
| Other | $2.4B | 52% |
| Transferred Over Time | $1.1B | 24% |
| Staffingand Interim | $1.0B | 22% |
| Productsand Services Other | $50.8M | 1% |
| Permanent Recruitment | $37.5M | 1% |
| Outcome Based Solutionsand Consulting | $20.7M | 0% |
| Transferred At Point In Time | $20.4M | 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% |
