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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) 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 $1.3B, roughly 1.9× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 1.5%, a 15.0% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -8.9%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Q vs QVCD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.4B |
| Net Profit | $211.0M | $37.0M |
| Gross Margin | 45.1% | 32.5% |
| Operating Margin | 21.3% | 5.6% |
| Net Margin | 16.5% | 1.5% |
| Revenue YoY | 11.1% | -8.9% |
| Net Profit YoY | 6.0% | 103.0% |
| EPS (diluted) | $1.01 | — |
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 | — | $2.4B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | — | $37.0M | ||
| Q3 25 | $211.0M | $2.0M | ||
| Q2 25 | — | $-2.2B | ||
| Q1 25 | — | $-42.0M | ||
| Q4 24 | — | $-1.2B | ||
| Q3 24 | $199.0M | $51.0M | ||
| Q2 24 | — | $53.0M | ||
| Q1 24 | — | $51.0M |
| Q4 25 | — | 32.5% | ||
| Q3 25 | 45.1% | 33.6% | ||
| Q2 25 | — | 35.4% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | 47.0% | 34.7% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.0% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | 21.3% | 4.6% | ||
| Q2 25 | — | -114.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | -47.1% | ||
| Q3 24 | 21.8% | 7.8% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | 7.4% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 16.5% | 0.1% | ||
| Q2 25 | — | -109.1% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | — | -46.0% | ||
| Q3 24 | 17.3% | 2.4% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | $1.01 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.95 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.0M | $1.5B |
| Total DebtLower is stronger | $1.7B | $1.0M |
| Stockholders' EquityBook value | $9.1B | $1.2B |
| Total Assets | $12.5B | $8.5B |
| Debt / EquityLower = less leverage | 0.19× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | $128.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $297.0M | ||
| Q3 24 | — | $297.0M | ||
| Q2 24 | — | $315.0M | ||
| Q1 24 | — | $311.0M |
| Q4 25 | — | $1.0M | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $9.1B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $11.1B | $4.6B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.2B |
| Q4 25 | — | $8.5B | ||
| Q3 25 | $12.5B | $8.3B | ||
| Q2 25 | — | $7.4B | ||
| Q1 25 | — | $9.7B | ||
| Q4 24 | — | $9.9B | ||
| Q3 24 | — | $9.9B | ||
| Q2 24 | — | $11.2B | ||
| Q1 24 | — | $11.4B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.19× | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $782.0M | $245.0M |
| Free Cash FlowOCF − Capex | $568.0M | — |
| FCF MarginFCF / Revenue | 44.5% | — |
| Capex IntensityCapex / Revenue | 16.8% | — |
| Cash ConversionOCF / Net Profit | 3.71× | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $245.0M | ||
| Q3 25 | $782.0M | $76.0M | ||
| Q2 25 | — | $52.0M | ||
| Q1 25 | — | $46.0M | ||
| Q4 24 | — | $189.0M | ||
| Q3 24 | — | $98.0M | ||
| Q2 24 | — | $164.0M | ||
| Q1 24 | — | $84.0M |
| Q4 25 | — | — | ||
| Q3 25 | $568.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 44.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 16.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 6.62× | ||
| Q3 25 | 3.71× | 38.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | — | 3.09× | ||
| Q1 24 | — | 1.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
