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Side-by-side financial comparison of PACS Group, Inc. (PACS) and QVC INC (QVCD). Click either name above to swap in a different company.

QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.8× PACS Group, Inc.). PACS Group, Inc. runs the higher net margin — 4.4% vs 1.5%, a 2.9% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs -8.9%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 7.1%).

PACS vs QVCD — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.8× larger
QVCD
$2.4B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+27.4% gap
PACS
18.4%
-8.9%
QVCD
Higher net margin
PACS
PACS
2.9% more per $
PACS
4.4%
1.5%
QVCD
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
7.1%
QVCD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACS
PACS
QVCD
QVCD
Revenue
$1.4B
$2.4B
Net Profit
$59.7M
$37.0M
Gross Margin
32.5%
Operating Margin
7.0%
5.6%
Net Margin
4.4%
1.5%
Revenue YoY
18.4%
-8.9%
Net Profit YoY
3022.5%
103.0%
EPS (diluted)
$0.42

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
PACS
PACS
QVCD
QVCD
Q4 25
$1.4B
$2.4B
Q3 25
$1.3B
$2.0B
Q2 25
$1.3B
$2.0B
Q1 25
$1.3B
$1.9B
Q4 24
$1.1B
$2.7B
Q3 24
$1.0B
$2.1B
Q2 24
$981.4M
$2.1B
Q1 24
$934.3M
$2.1B
Net Profit
PACS
PACS
QVCD
QVCD
Q4 25
$59.7M
$37.0M
Q3 25
$52.4M
$2.0M
Q2 25
$51.0M
$-2.2B
Q1 25
$28.5M
$-42.0M
Q4 24
$1.9M
$-1.2B
Q3 24
$15.6M
$51.0M
Q2 24
$-10.9M
$53.0M
Q1 24
$49.1M
$51.0M
Gross Margin
PACS
PACS
QVCD
QVCD
Q4 25
32.5%
Q3 25
33.6%
Q2 25
35.4%
Q1 25
33.3%
Q4 24
32.6%
Q3 24
17.1%
34.7%
Q2 24
22.3%
35.6%
Q1 24
21.2%
35.0%
Operating Margin
PACS
PACS
QVCD
QVCD
Q4 25
7.0%
5.6%
Q3 25
6.4%
4.6%
Q2 25
6.2%
-114.5%
Q1 25
3.8%
1.5%
Q4 24
1.7%
-47.1%
Q3 24
2.2%
7.8%
Q2 24
0.1%
7.6%
Q1 24
8.6%
7.4%
Net Margin
PACS
PACS
QVCD
QVCD
Q4 25
4.4%
1.5%
Q3 25
3.9%
0.1%
Q2 25
3.9%
-109.1%
Q1 25
2.2%
-2.2%
Q4 24
0.2%
-46.0%
Q3 24
1.5%
2.4%
Q2 24
-1.1%
2.5%
Q1 24
5.3%
2.4%
EPS (diluted)
PACS
PACS
QVCD
QVCD
Q4 25
$0.42
Q3 25
$0.32
Q2 25
$0.31
Q1 25
$0.17
Q4 24
$-0.03
Q3 24
$0.10
Q2 24
$-0.07
Q1 24
$0.38

Balance Sheet & Financial Strength

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

Metric
PACS
PACS
QVCD
QVCD
Cash + ST InvestmentsLiquidity on hand
$197.0M
$1.5B
Total DebtLower is stronger
$353.2M
$1.0M
Stockholders' EquityBook value
$946.8M
$1.2B
Total Assets
$5.6B
$8.5B
Debt / EquityLower = less leverage
0.37×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
QVCD
QVCD
Q4 25
$197.0M
$1.5B
Q3 25
$355.7M
Q2 25
$294.2M
Q1 25
$287.5M
Q4 24
$157.7M
$297.0M
Q3 24
$49.5M
$297.0M
Q2 24
$73.4M
$315.0M
Q1 24
$81.2M
$311.0M
Total Debt
PACS
PACS
QVCD
QVCD
Q4 25
$353.2M
$1.0M
Q3 25
$5.0B
Q2 25
$4.0B
Q1 25
$4.0B
Q4 24
$411.9M
$3.3B
Q3 24
$3.4B
Q2 24
$3.7B
Q1 24
$3.8B
Stockholders' Equity
PACS
PACS
QVCD
QVCD
Q4 25
$946.8M
$1.2B
Q3 25
$871.3M
$1.2B
Q2 25
$806.8M
$1.2B
Q1 25
$750.2M
$3.3B
Q4 24
$709.6M
$3.3B
Q3 24
$660.0M
$4.6B
Q2 24
$572.1M
$4.3B
Q1 24
$128.0M
$4.2B
Total Assets
PACS
PACS
QVCD
QVCD
Q4 25
$5.6B
$8.5B
Q3 25
$5.6B
$8.3B
Q2 25
$5.5B
$7.4B
Q1 25
$5.5B
$9.7B
Q4 24
$5.2B
$9.9B
Q3 24
$4.5B
$9.9B
Q2 24
$3.9B
$11.2B
Q1 24
$3.9B
$11.4B
Debt / Equity
PACS
PACS
QVCD
QVCD
Q4 25
0.37×
0.00×
Q3 25
4.30×
Q2 25
3.42×
Q1 25
1.22×
Q4 24
0.58×
1.01×
Q3 24
0.73×
Q2 24
0.87×
Q1 24
0.89×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PACS
PACS
QVCD
QVCD
Operating Cash FlowLast quarter
$-3.4M
$245.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.06×
6.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
QVCD
QVCD
Q4 25
$-3.4M
$245.0M
Q3 25
$204.8M
$76.0M
Q2 25
$52.6M
$52.0M
Q1 25
$150.2M
$46.0M
Q4 24
$64.6M
$189.0M
Q3 24
$209.2M
$98.0M
Q2 24
$34.8M
$164.0M
Q1 24
$58.8M
$84.0M
Cash Conversion
PACS
PACS
QVCD
QVCD
Q4 25
-0.06×
6.62×
Q3 25
3.91×
38.00×
Q2 25
1.03×
Q1 25
5.28×
Q4 24
33.78×
Q3 24
13.39×
1.92×
Q2 24
3.09×
Q1 24
1.20×
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PACS
PACS

Segment breakdown not available.

QVCD
QVCD

Home$754.0M31%
QVC International$661.0M27%
Beauty$260.0M11%
Apparel$254.0M10%
Electronics$187.0M8%
Accessories$181.0M7%
Jewelry$87.0M4%
Otherrevenue$38.0M2%

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