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Side-by-side financial comparison of QVC INC (QVCD) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.

QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× SEALED AIR CORP). SEALED AIR CORP runs the higher net margin — 3.1% vs 1.5%, a 1.6% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -8.9%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% CAGR vs 2.7%).

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

Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.

QVCD vs SEE — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.7× larger
QVCD
$2.4B
$1.4B
SEE
Growing faster (revenue YoY)
SEE
SEE
+11.6% gap
SEE
2.6%
-8.9%
QVCD
Higher net margin
SEE
SEE
1.6% more per $
SEE
3.1%
1.5%
QVCD
Faster 2-yr revenue CAGR
QVCD
QVCD
Annualised
QVCD
7.1%
2.7%
SEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCD
QVCD
SEE
SEE
Revenue
$2.4B
$1.4B
Net Profit
$37.0M
$43.8M
Gross Margin
32.5%
28.6%
Operating Margin
5.6%
11.4%
Net Margin
1.5%
3.1%
Revenue YoY
-8.9%
2.6%
Net Profit YoY
103.0%
700.0%
EPS (diluted)
$0.30

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
SEE
SEE
Q4 25
$2.4B
$1.4B
Q3 25
$2.0B
$1.3B
Q2 25
$2.0B
$1.3B
Q1 25
$1.9B
$1.3B
Q4 24
$2.7B
$1.4B
Q3 24
$2.1B
$1.3B
Q2 24
$2.1B
$1.3B
Q1 24
$2.1B
$1.3B
Net Profit
QVCD
QVCD
SEE
SEE
Q4 25
$37.0M
$43.8M
Q3 25
$2.0M
$255.1M
Q2 25
$-2.2B
$93.1M
Q1 25
$-42.0M
$113.5M
Q4 24
$-1.2B
$-7.3M
Q3 24
$51.0M
$91.7M
Q2 24
$53.0M
$98.3M
Q1 24
$51.0M
$82.0M
Gross Margin
QVCD
QVCD
SEE
SEE
Q4 25
32.5%
28.6%
Q3 25
33.6%
29.8%
Q2 25
35.4%
30.7%
Q1 25
33.3%
30.9%
Q4 24
32.6%
30.0%
Q3 24
34.7%
30.1%
Q2 24
35.6%
31.2%
Q1 24
35.0%
30.3%
Operating Margin
QVCD
QVCD
SEE
SEE
Q4 25
5.6%
11.4%
Q3 25
4.6%
13.8%
Q2 25
-114.5%
15.0%
Q1 25
1.5%
14.5%
Q4 24
-47.1%
11.7%
Q3 24
7.8%
13.9%
Q2 24
7.6%
15.4%
Q1 24
7.4%
14.0%
Net Margin
QVCD
QVCD
SEE
SEE
Q4 25
1.5%
3.1%
Q3 25
0.1%
19.0%
Q2 25
-109.1%
7.0%
Q1 25
-2.2%
9.0%
Q4 24
-46.0%
-0.5%
Q3 24
2.4%
6.9%
Q2 24
2.5%
7.4%
Q1 24
2.4%
6.2%
EPS (diluted)
QVCD
QVCD
SEE
SEE
Q4 25
$0.30
Q3 25
$1.73
Q2 25
$0.63
Q1 25
$0.77
Q4 24
$-0.05
Q3 24
$0.63
Q2 24
$0.67
Q1 24
$0.56

Balance Sheet & Financial Strength

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

Metric
QVCD
QVCD
SEE
SEE
Cash + ST InvestmentsLiquidity on hand
$1.5B
$344.0M
Total DebtLower is stronger
$1.0M
$3.3B
Stockholders' EquityBook value
$1.2B
$1.2B
Total Assets
$8.5B
$7.0B
Debt / EquityLower = less leverage
0.00×
2.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCD
QVCD
SEE
SEE
Q4 25
$1.5B
$344.0M
Q3 25
$282.5M
Q2 25
$354.4M
Q1 25
$335.2M
Q4 24
$297.0M
$371.8M
Q3 24
$297.0M
$386.0M
Q2 24
$315.0M
$388.6M
Q1 24
$311.0M
$352.8M
Total Debt
QVCD
QVCD
SEE
SEE
Q4 25
$1.0M
$3.3B
Q3 25
$5.0B
$4.0B
Q2 25
$4.0B
$4.0B
Q1 25
$4.0B
$4.2B
Q4 24
$3.3B
$4.2B
Q3 24
$3.4B
$4.3B
Q2 24
$3.7B
$4.4B
Q1 24
$3.8B
$4.5B
Stockholders' Equity
QVCD
QVCD
SEE
SEE
Q4 25
$1.2B
$1.2B
Q3 25
$1.2B
$1.2B
Q2 25
$1.2B
$953.1M
Q1 25
$3.3B
$797.9M
Q4 24
$3.3B
$624.5M
Q3 24
$4.6B
$771.2M
Q2 24
$4.3B
$650.1M
Q1 24
$4.2B
$598.3M
Total Assets
QVCD
QVCD
SEE
SEE
Q4 25
$8.5B
$7.0B
Q3 25
$8.3B
$7.1B
Q2 25
$7.4B
$7.2B
Q1 25
$9.7B
$7.0B
Q4 24
$9.9B
$7.0B
Q3 24
$9.9B
$7.3B
Q2 24
$11.2B
$7.3B
Q1 24
$11.4B
$7.2B
Debt / Equity
QVCD
QVCD
SEE
SEE
Q4 25
0.00×
2.65×
Q3 25
4.30×
3.34×
Q2 25
3.42×
4.18×
Q1 25
1.22×
5.26×
Q4 24
1.01×
6.72×
Q3 24
0.73×
5.62×
Q2 24
0.87×
6.81×
Q1 24
0.89×
7.49×

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
SEE
SEE
Operating Cash FlowLast quarter
$245.0M
$293.6M
Free Cash FlowOCF − Capex
$257.7M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
6.62×
6.70×
TTM Free Cash FlowTrailing 4 quarters
$458.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCD
QVCD
SEE
SEE
Q4 25
$245.0M
$293.6M
Q3 25
$76.0M
$165.9M
Q2 25
$52.0M
$136.6M
Q1 25
$46.0M
$31.9M
Q4 24
$189.0M
$244.2M
Q3 24
$98.0M
$170.5M
Q2 24
$164.0M
$188.2M
Q1 24
$84.0M
$125.1M
Free Cash Flow
QVCD
QVCD
SEE
SEE
Q4 25
$257.7M
Q3 25
$119.6M
Q2 25
$93.2M
Q1 25
$-12.0M
Q4 24
$185.1M
Q3 24
$115.2M
Q2 24
$129.5M
Q1 24
$78.0M
FCF Margin
QVCD
QVCD
SEE
SEE
Q4 25
18.5%
Q3 25
8.9%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
13.6%
Q3 24
8.6%
Q2 24
9.7%
Q1 24
5.9%
Capex Intensity
QVCD
QVCD
SEE
SEE
Q4 25
2.6%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
3.5%
Q4 24
4.4%
Q3 24
4.1%
Q2 24
4.4%
Q1 24
3.6%
Cash Conversion
QVCD
QVCD
SEE
SEE
Q4 25
6.62×
6.70×
Q3 25
38.00×
0.65×
Q2 25
1.47×
Q1 25
0.28×
Q4 24
Q3 24
1.92×
1.86×
Q2 24
3.09×
1.91×
Q1 24
1.65×
1.53×

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%

SEE
SEE

Protective Segment$1.1B78%
Other$292.0M21%
Pension Plans Defined Benefit$7.9M1%

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