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Side-by-side financial comparison of Pattern Group Inc. (PTRN) 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 $639.7M, roughly 4.2× Pattern Group Inc.). QVC Group, Inc. runs the higher net margin — -1.4% vs -9.2%, a 7.9% gap on every dollar of revenue. QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $75.7M).

Pattern Energy Group LP is an American company that develops, owns and operates utility scale wind and solar power facilities in the United States, Canada, and Mexico. It is headquartered in San Francisco, California with an operations center in Houston, Texas.

QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.

PTRN vs QVCGA — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
4.2× larger
QVCGA
$2.7B
$639.7M
PTRN
Higher net margin
QVCGA
QVCGA
7.9% more per $
QVCGA
-1.4%
-9.2%
PTRN
More free cash flow
QVCGA
QVCGA
$115.3M more FCF
QVCGA
$191.0M
$75.7M
PTRN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PTRN
PTRN
QVCGA
QVCGA
Revenue
$639.7M
$2.7B
Net Profit
$-59.1M
$-37.0M
Gross Margin
44.3%
32.9%
Operating Margin
-9.4%
3.7%
Net Margin
-9.2%
-1.4%
Revenue YoY
-9.1%
Net Profit YoY
97.1%
EPS (diluted)
$-2.19
$-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
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$2.7B
Q3 25
$639.7M
$2.2B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$2.9B
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.3B
Net Profit
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$-37.0M
Q3 25
$-59.1M
$-80.0M
Q2 25
$-2.2B
Q1 25
$-100.0M
Q4 24
$-1.3B
Q3 24
$-23.0M
Q2 24
$20.0M
Q1 24
$-1.0M
Gross Margin
PTRN
PTRN
QVCGA
QVCGA
Q4 25
32.9%
Q3 25
44.3%
34.0%
Q2 25
36.4%
Q1 25
34.2%
Q4 24
33.3%
Q3 24
35.3%
Q2 24
36.4%
Q1 24
35.5%
Operating Margin
PTRN
PTRN
QVCGA
QVCGA
Q4 25
3.7%
Q3 25
-9.4%
2.7%
Q2 25
-101.6%
Q1 25
0.7%
Q4 24
-43.2%
Q3 24
6.5%
Q2 24
6.9%
Q1 24
6.2%
Net Margin
PTRN
PTRN
QVCGA
QVCGA
Q4 25
-1.4%
Q3 25
-9.2%
-3.6%
Q2 25
-99.4%
Q1 25
-4.8%
Q4 24
-43.7%
Q3 24
-1.0%
Q2 24
0.8%
Q1 24
-0.0%
EPS (diluted)
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$-17.37
Q3 25
$-2.19
$-9.89
Q2 25
$-275.46
Q1 25
$-0.25
Q4 24
Q3 24
$-0.06
Q2 24
$2.57
Q1 24

Balance Sheet & Financial Strength

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

Metric
PTRN
PTRN
QVCGA
QVCGA
Cash + ST InvestmentsLiquidity on hand
$312.8M
$2.0B
Total DebtLower is stronger
$790.0M
Stockholders' EquityBook value
$541.4M
$-3.1B
Total Assets
$843.1M
$7.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$2.0B
Q3 25
$312.8M
$1.8B
Q2 25
$897.0M
Q1 25
$833.0M
Q4 24
$905.0M
Q3 24
$873.0M
Q2 24
$1.2B
Q1 24
$1.1B
Total Debt
PTRN
PTRN
QVCGA
QVCGA
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
Stockholders' Equity
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$-3.1B
Q3 25
$541.4M
$-3.1B
Q2 25
$-3.0B
Q1 25
$-981.0M
Q4 24
$-971.0M
Q3 24
$397.0M
Q2 24
$328.0M
Q1 24
$255.0M
Total Assets
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$7.6B
Q3 25
$843.1M
$7.6B
Q2 25
$6.7B
Q1 25
$9.0B
Q4 24
$9.2B
Q3 24
$10.8B
Q2 24
$10.9B
Q1 24
$11.0B
Debt / Equity
PTRN
PTRN
QVCGA
QVCGA
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
PTRN
PTRN
QVCGA
QVCGA
Operating Cash FlowLast quarter
$90.9M
$244.0M
Free Cash FlowOCF − Capex
$75.7M
$191.0M
FCF MarginFCF / Revenue
11.8%
7.1%
Capex IntensityCapex / Revenue
2.4%
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$118.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$244.0M
Q3 25
$90.9M
$4.0M
Q2 25
$86.0M
Q1 25
$-60.0M
Q4 24
$212.0M
Q3 24
$20.0M
Q2 24
$267.0M
Q1 24
$26.0M
Free Cash Flow
PTRN
PTRN
QVCGA
QVCGA
Q4 25
$191.0M
Q3 25
$75.7M
$-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
PTRN
PTRN
QVCGA
QVCGA
Q4 25
7.1%
Q3 25
11.8%
-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
PTRN
PTRN
QVCGA
QVCGA
Q4 25
2.0%
Q3 25
2.4%
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
PTRN
PTRN
QVCGA
QVCGA
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

PTRN
PTRN

Amazon.com$549.2M86%
Amazon Marketplaces International$43.4M7%
Other Online Marketplaces And Channels$39.4M6%
Saa S Logistics And Other Revenue$7.7M1%

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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