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Side-by-side financial comparison of PACS Group, Inc. (PACS) 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 2.0× PACS Group, Inc.). PACS Group, Inc. runs the higher net margin — 4.4% vs -1.4%, a 5.8% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs -9.1%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 6.9%).

PACS vs QVCGA — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
2.0× larger
QVCGA
$2.7B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+27.5% gap
PACS
18.4%
-9.1%
QVCGA
Higher net margin
PACS
PACS
5.8% more per $
PACS
4.4%
-1.4%
QVCGA
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
6.9%
QVCGA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACS
PACS
QVCGA
QVCGA
Revenue
$1.4B
$2.7B
Net Profit
$59.7M
$-37.0M
Gross Margin
32.9%
Operating Margin
7.0%
3.7%
Net Margin
4.4%
-1.4%
Revenue YoY
18.4%
-9.1%
Net Profit YoY
3022.5%
97.1%
EPS (diluted)
$0.42
$-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.

Revenue
PACS
PACS
QVCGA
QVCGA
Q4 25
$1.4B
$2.7B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.2B
Q1 25
$1.3B
$2.1B
Q4 24
$1.1B
$2.9B
Q3 24
$1.0B
$2.3B
Q2 24
$981.4M
$2.4B
Q1 24
$934.3M
$2.3B
Net Profit
PACS
PACS
QVCGA
QVCGA
Q4 25
$59.7M
$-37.0M
Q3 25
$52.4M
$-80.0M
Q2 25
$51.0M
$-2.2B
Q1 25
$28.5M
$-100.0M
Q4 24
$1.9M
$-1.3B
Q3 24
$15.6M
$-23.0M
Q2 24
$-10.9M
$20.0M
Q1 24
$49.1M
$-1.0M
Gross Margin
PACS
PACS
QVCGA
QVCGA
Q4 25
32.9%
Q3 25
34.0%
Q2 25
36.4%
Q1 25
34.2%
Q4 24
33.3%
Q3 24
17.1%
35.3%
Q2 24
22.3%
36.4%
Q1 24
21.2%
35.5%
Operating Margin
PACS
PACS
QVCGA
QVCGA
Q4 25
7.0%
3.7%
Q3 25
6.4%
2.7%
Q2 25
6.2%
-101.6%
Q1 25
3.8%
0.7%
Q4 24
1.7%
-43.2%
Q3 24
2.2%
6.5%
Q2 24
0.1%
6.9%
Q1 24
8.6%
6.2%
Net Margin
PACS
PACS
QVCGA
QVCGA
Q4 25
4.4%
-1.4%
Q3 25
3.9%
-3.6%
Q2 25
3.9%
-99.4%
Q1 25
2.2%
-4.8%
Q4 24
0.2%
-43.7%
Q3 24
1.5%
-1.0%
Q2 24
-1.1%
0.8%
Q1 24
5.3%
-0.0%
EPS (diluted)
PACS
PACS
QVCGA
QVCGA
Q4 25
$0.42
$-17.37
Q3 25
$0.32
$-9.89
Q2 25
$0.31
$-275.46
Q1 25
$0.17
$-0.25
Q4 24
$-0.03
Q3 24
$0.10
$-0.06
Q2 24
$-0.07
$2.57
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
QVCGA
QVCGA
Cash + ST InvestmentsLiquidity on hand
$197.0M
$2.0B
Total DebtLower is stronger
$353.2M
$790.0M
Stockholders' EquityBook value
$946.8M
$-3.1B
Total Assets
$5.6B
$7.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
QVCGA
QVCGA
Q4 25
$197.0M
$2.0B
Q3 25
$355.7M
$1.8B
Q2 25
$294.2M
$897.0M
Q1 25
$287.5M
$833.0M
Q4 24
$157.7M
$905.0M
Q3 24
$49.5M
$873.0M
Q2 24
$73.4M
$1.2B
Q1 24
$81.2M
$1.1B
Total Debt
PACS
PACS
QVCGA
QVCGA
Q4 25
$353.2M
$790.0M
Q3 25
$5.9B
Q2 25
$4.9B
Q1 25
$5.0B
Q4 24
$411.9M
$4.1B
Q3 24
$5.1B
Q2 24
$5.3B
Q1 24
$5.5B
Stockholders' Equity
PACS
PACS
QVCGA
QVCGA
Q4 25
$946.8M
$-3.1B
Q3 25
$871.3M
$-3.1B
Q2 25
$806.8M
$-3.0B
Q1 25
$750.2M
$-981.0M
Q4 24
$709.6M
$-971.0M
Q3 24
$660.0M
$397.0M
Q2 24
$572.1M
$328.0M
Q1 24
$128.0M
$255.0M
Total Assets
PACS
PACS
QVCGA
QVCGA
Q4 25
$5.6B
$7.6B
Q3 25
$5.6B
$7.6B
Q2 25
$5.5B
$6.7B
Q1 25
$5.5B
$9.0B
Q4 24
$5.2B
$9.2B
Q3 24
$4.5B
$10.8B
Q2 24
$3.9B
$10.9B
Q1 24
$3.9B
$11.0B
Debt / Equity
PACS
PACS
QVCGA
QVCGA
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
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
PACS
PACS
QVCGA
QVCGA
Operating Cash FlowLast quarter
$-3.4M
$244.0M
Free Cash FlowOCF − Capex
$191.0M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$118.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
QVCGA
QVCGA
Q4 25
$-3.4M
$244.0M
Q3 25
$204.8M
$4.0M
Q2 25
$52.6M
$86.0M
Q1 25
$150.2M
$-60.0M
Q4 24
$64.6M
$212.0M
Q3 24
$209.2M
$20.0M
Q2 24
$34.8M
$267.0M
Q1 24
$58.8M
$26.0M
Free Cash Flow
PACS
PACS
QVCGA
QVCGA
Q4 25
$191.0M
Q3 25
$-27.0M
Q2 25
$48.0M
Q1 25
$-94.0M
Q4 24
$150.0M
Q3 24
$-23.0M
Q2 24
$213.0M
Q1 24
$-14.0M
FCF Margin
PACS
PACS
QVCGA
QVCGA
Q4 25
7.1%
Q3 25
-1.2%
Q2 25
2.1%
Q1 25
-4.5%
Q4 24
5.1%
Q3 24
-1.0%
Q2 24
8.8%
Q1 24
-0.6%
Capex Intensity
PACS
PACS
QVCGA
QVCGA
Q4 25
2.0%
Q3 25
1.4%
Q2 25
1.7%
Q1 25
1.6%
Q4 24
2.1%
Q3 24
1.8%
Q2 24
2.2%
Q1 24
1.7%
Cash Conversion
PACS
PACS
QVCGA
QVCGA
Q4 25
-0.06×
Q3 25
3.91×
Q2 25
1.03×
Q1 25
5.28×
Q4 24
33.78×
Q3 24
13.39×
Q2 24
13.35×
Q1 24
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PACS
PACS

Segment breakdown not available.

QVCGA
QVCGA

Other$915.0M34%
Home$754.0M28%
Beauty$260.0M10%
Apparel$254.0M9%
Electronics$187.0M7%
Accessories$181.0M7%
Jewelry$87.0M3%
Manufactured Product Other$38.0M1%

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