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Side-by-side financial comparison of QVC INC (QVCD) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.3B vs $2.4B, roughly 1.8× QVC INC). Royal Caribbean Group runs the higher net margin — 17.9% vs 1.5%, a 16.4% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.2% vs -8.9%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% CAGR vs 1.8%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
QVCD vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $4.3B |
| Net Profit | $37.0M | $762.0M |
| Gross Margin | 32.5% | — |
| Operating Margin | 5.6% | 21.9% |
| Net Margin | 1.5% | 17.9% |
| Revenue YoY | -8.9% | 13.2% |
| Net Profit YoY | 103.0% | 36.3% |
| EPS (diluted) | — | $2.76 |
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.
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.4B | $4.3B | ||
| Q3 25 | $2.0B | $5.1B | ||
| Q2 25 | $2.0B | $4.5B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $2.7B | $3.8B | ||
| Q3 24 | $2.1B | $4.9B | ||
| Q2 24 | $2.1B | $4.1B |
| Q1 26 | — | $762.0M | ||
| Q4 25 | $37.0M | $753.0M | ||
| Q3 25 | $2.0M | $1.6B | ||
| Q2 25 | $-2.2B | $1.2B | ||
| Q1 25 | $-42.0M | $730.0M | ||
| Q4 24 | $-1.2B | $552.0M | ||
| Q3 24 | $51.0M | $1.1B | ||
| Q2 24 | $53.0M | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | 47.4% | ||
| Q3 25 | 33.6% | 51.8% | ||
| Q2 25 | 35.4% | 49.7% | ||
| Q1 25 | 33.3% | 48.0% | ||
| Q4 24 | 32.6% | 45.4% | ||
| Q3 24 | 34.7% | 51.1% | ||
| Q2 24 | 35.6% | 47.6% |
| Q1 26 | — | 21.9% | ||
| Q4 25 | 5.6% | 21.9% | ||
| Q3 25 | 4.6% | 33.1% | ||
| Q2 25 | -114.5% | 29.3% | ||
| Q1 25 | 1.5% | 23.6% | ||
| Q4 24 | -47.1% | 16.6% | ||
| Q3 24 | 7.8% | 33.4% | ||
| Q2 24 | 7.6% | 26.7% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 1.5% | 17.7% | ||
| Q3 25 | 0.1% | 30.6% | ||
| Q2 25 | -109.1% | 26.7% | ||
| Q1 25 | -2.2% | 18.3% | ||
| Q4 24 | -46.0% | 14.7% | ||
| Q3 24 | 2.4% | 22.7% | ||
| Q2 24 | 2.5% | 20.8% |
| Q1 26 | — | $2.76 | ||
| Q4 25 | — | $2.76 | ||
| Q3 25 | — | $5.74 | ||
| Q2 25 | — | $4.41 | ||
| Q1 25 | — | $2.70 | ||
| Q4 24 | — | $2.27 | ||
| Q3 24 | — | $4.21 | ||
| Q2 24 | — | $3.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $825.0M |
| Total DebtLower is stronger | $1.0M | $21.3B |
| Stockholders' EquityBook value | $1.2B | $10.2B |
| Total Assets | $8.5B | $41.6B |
| Debt / EquityLower = less leverage | 0.00× | 2.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $825.0M | ||
| Q4 25 | $1.5B | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | $297.0M | $388.0M | ||
| Q3 24 | $297.0M | $418.0M | ||
| Q2 24 | $315.0M | $391.0M |
| Q1 26 | — | $21.3B | ||
| Q4 25 | $1.0M | $18.2B | ||
| Q3 25 | $5.0B | $17.2B | ||
| Q2 25 | $4.0B | $17.6B | ||
| Q1 25 | $4.0B | $18.0B | ||
| Q4 24 | $3.3B | $18.5B | ||
| Q3 24 | $3.4B | $19.0B | ||
| Q2 24 | $3.7B | $19.8B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $1.2B | $10.0B | ||
| Q3 25 | $1.2B | $10.1B | ||
| Q2 25 | $1.2B | $9.2B | ||
| Q1 25 | $3.3B | $8.0B | ||
| Q4 24 | $3.3B | $7.6B | ||
| Q3 24 | $4.6B | $7.0B | ||
| Q2 24 | $4.3B | $6.0B |
| Q1 26 | — | $41.6B | ||
| Q4 25 | $8.5B | $41.6B | ||
| Q3 25 | $8.3B | $40.1B | ||
| Q2 25 | $7.4B | $38.5B | ||
| Q1 25 | $9.7B | $37.5B | ||
| Q4 24 | $9.9B | $37.1B | ||
| Q3 24 | $9.9B | $37.1B | ||
| Q2 24 | $11.2B | $37.0B |
| Q1 26 | — | 2.08× | ||
| Q4 25 | 0.00× | 1.81× | ||
| Q3 25 | 4.30× | 1.70× | ||
| Q2 25 | 3.42× | 1.92× | ||
| Q1 25 | 1.22× | 2.26× | ||
| Q4 24 | 1.01× | 2.44× | ||
| Q3 24 | 0.73× | 2.69× | ||
| Q2 24 | 0.87× | 3.29× |
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 | $245.0M | $6.5B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.62× | 8.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.5B | ||
| Q4 25 | $245.0M | $1.6B | ||
| Q3 25 | $76.0M | $1.5B | ||
| Q2 25 | $52.0M | $1.7B | ||
| Q1 25 | $46.0M | $1.6B | ||
| Q4 24 | $189.0M | $1.5B | ||
| Q3 24 | $98.0M | $897.0M | ||
| Q2 24 | $164.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | — | $910.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% |
| Q1 26 | — | 8.48× | ||
| Q4 25 | 6.62× | 2.16× | ||
| Q3 25 | 38.00× | 0.93× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | 1.92× | 0.81× | ||
| Q2 24 | 3.09× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
RCL
Segment breakdown not available.
