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

QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.5B, roughly 1.6× RXO, Inc.). QVC INC runs the higher net margin — 1.5% vs -3.1%, a 4.7% gap on every dollar of revenue. On growth, QVC INC posted the faster year-over-year revenue change (-8.9% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 7.1%).

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

RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.

QVCD vs RXO — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.6× larger
QVCD
$2.4B
$1.5B
RXO
Growing faster (revenue YoY)
QVCD
QVCD
+2.9% gap
QVCD
-8.9%
-11.9%
RXO
Higher net margin
QVCD
QVCD
4.7% more per $
QVCD
1.5%
-3.1%
RXO
Faster 2-yr revenue CAGR
RXO
RXO
Annualised
RXO
26.8%
7.1%
QVCD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCD
QVCD
RXO
RXO
Revenue
$2.4B
$1.5B
Net Profit
$37.0M
$-46.0M
Gross Margin
32.5%
Operating Margin
5.6%
-2.9%
Net Margin
1.5%
-3.1%
Revenue YoY
-8.9%
-11.9%
Net Profit YoY
103.0%
-84.0%
EPS (diluted)
$-0.28

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
QVCD
QVCD
RXO
RXO
Q4 25
$2.4B
$1.5B
Q3 25
$2.0B
$1.4B
Q2 25
$2.0B
$1.4B
Q1 25
$1.9B
$1.4B
Q4 24
$2.7B
$1.7B
Q3 24
$2.1B
$1.0B
Q2 24
$2.1B
$930.0M
Q1 24
$2.1B
$913.0M
Net Profit
QVCD
QVCD
RXO
RXO
Q4 25
$37.0M
$-46.0M
Q3 25
$2.0M
$-14.0M
Q2 25
$-2.2B
$-9.0M
Q1 25
$-42.0M
$-31.0M
Q4 24
$-1.2B
$-25.0M
Q3 24
$51.0M
$-243.0M
Q2 24
$53.0M
$-7.0M
Q1 24
$51.0M
$-15.0M
Gross Margin
QVCD
QVCD
RXO
RXO
Q4 25
32.5%
Q3 25
33.6%
Q2 25
35.4%
Q1 25
33.3%
Q4 24
32.6%
Q3 24
34.7%
Q2 24
35.6%
Q1 24
35.0%
Operating Margin
QVCD
QVCD
RXO
RXO
Q4 25
5.6%
-2.9%
Q3 25
4.6%
-0.5%
Q2 25
-114.5%
Q1 25
1.5%
-2.1%
Q4 24
-47.1%
-1.4%
Q3 24
7.8%
-1.9%
Q2 24
7.6%
Q1 24
7.4%
-1.3%
Net Margin
QVCD
QVCD
RXO
RXO
Q4 25
1.5%
-3.1%
Q3 25
0.1%
-1.0%
Q2 25
-109.1%
-0.6%
Q1 25
-2.2%
-2.2%
Q4 24
-46.0%
-1.5%
Q3 24
2.4%
-23.4%
Q2 24
2.5%
-0.8%
Q1 24
2.4%
-1.6%
EPS (diluted)
QVCD
QVCD
RXO
RXO
Q4 25
$-0.28
Q3 25
$-0.08
Q2 25
$-0.05
Q1 25
$-0.18
Q4 24
$-0.17
Q3 24
$-1.81
Q2 24
$-0.06
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
QVCD
QVCD
RXO
RXO
Cash + ST InvestmentsLiquidity on hand
$1.5B
$17.0M
Total DebtLower is stronger
$1.0M
$387.0M
Stockholders' EquityBook value
$1.2B
$1.5B
Total Assets
$8.5B
$3.3B
Debt / EquityLower = less leverage
0.00×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCD
QVCD
RXO
RXO
Q4 25
$1.5B
$17.0M
Q3 25
$25.0M
Q2 25
$18.0M
Q1 25
$16.0M
Q4 24
$297.0M
$35.0M
Q3 24
$297.0M
$55.0M
Q2 24
$315.0M
$7.0M
Q1 24
$311.0M
$7.0M
Total Debt
QVCD
QVCD
RXO
RXO
Q4 25
$1.0M
$387.0M
Q3 25
$5.0B
$387.0M
Q2 25
$4.0B
$387.0M
Q1 25
$4.0B
$387.0M
Q4 24
$3.3B
$351.0M
Q3 24
$3.4B
$352.0M
Q2 24
$3.7B
$370.0M
Q1 24
$3.8B
$351.0M
Stockholders' Equity
QVCD
QVCD
RXO
RXO
Q4 25
$1.2B
$1.5B
Q3 25
$1.2B
$1.6B
Q2 25
$1.2B
$1.6B
Q1 25
$3.3B
$1.6B
Q4 24
$3.3B
$1.6B
Q3 24
$4.6B
$1.7B
Q2 24
$4.3B
$579.0M
Q1 24
$4.2B
$582.0M
Total Assets
QVCD
QVCD
RXO
RXO
Q4 25
$8.5B
$3.3B
Q3 25
$8.3B
$3.2B
Q2 25
$7.4B
$3.2B
Q1 25
$9.7B
$3.3B
Q4 24
$9.9B
$3.4B
Q3 24
$9.9B
$3.4B
Q2 24
$11.2B
$1.8B
Q1 24
$11.4B
$1.8B
Debt / Equity
QVCD
QVCD
RXO
RXO
Q4 25
0.00×
0.25×
Q3 25
4.30×
0.24×
Q2 25
3.42×
0.24×
Q1 25
1.22×
0.24×
Q4 24
1.01×
0.22×
Q3 24
0.73×
0.21×
Q2 24
0.87×
0.64×
Q1 24
0.89×
0.60×

Cash Flow & Capital Efficiency

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

Metric
QVCD
QVCD
RXO
RXO
Operating Cash FlowLast quarter
$245.0M
$7.0M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-0.6%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
6.62×
TTM Free Cash FlowTrailing 4 quarters
$-8.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCD
QVCD
RXO
RXO
Q4 25
$245.0M
$7.0M
Q3 25
$76.0M
$23.0M
Q2 25
$52.0M
$23.0M
Q1 25
$46.0M
$-2.0M
Q4 24
$189.0M
$-7.0M
Q3 24
$98.0M
$-7.0M
Q2 24
$164.0M
$-5.0M
Q1 24
$84.0M
$7.0M
Free Cash Flow
QVCD
QVCD
RXO
RXO
Q4 25
$-9.0M
Q3 25
$9.0M
Q2 25
$9.0M
Q1 25
$-17.0M
Q4 24
$-19.0M
Q3 24
$-18.0M
Q2 24
$-16.0M
Q1 24
$-4.0M
FCF Margin
QVCD
QVCD
RXO
RXO
Q4 25
-0.6%
Q3 25
0.6%
Q2 25
0.6%
Q1 25
-1.2%
Q4 24
-1.1%
Q3 24
-1.7%
Q2 24
-1.7%
Q1 24
-0.4%
Capex Intensity
QVCD
QVCD
RXO
RXO
Q4 25
1.1%
Q3 25
1.0%
Q2 25
1.0%
Q1 25
1.0%
Q4 24
0.7%
Q3 24
1.1%
Q2 24
1.2%
Q1 24
1.2%
Cash Conversion
QVCD
QVCD
RXO
RXO
Q4 25
6.62×
Q3 25
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

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%

RXO
RXO

Retail Sector$546.0M37%
Last Mile$298.0M20%
Food And Beverage Sector$225.0M15%
Other Sector$185.0M13%
Managed Transportation$133.0M9%
Automotive Sector$93.0M6%

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