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Side-by-side financial comparison of QVC INC (QVCD) and SELECT MEDICAL HOLDINGS CORP (SEM). 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× SELECT MEDICAL HOLDINGS CORP). SELECT MEDICAL HOLDINGS CORP runs the higher net margin — 4.5% vs 1.5%, a 3.0% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs -8.9%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% CAGR vs 5.3%).

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

Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.

QVCD vs SEM — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.7× larger
QVCD
$2.4B
$1.4B
SEM
Growing faster (revenue YoY)
SEM
SEM
+14.0% gap
SEM
5.0%
-8.9%
QVCD
Higher net margin
SEM
SEM
3.0% more per $
SEM
4.5%
1.5%
QVCD
Faster 2-yr revenue CAGR
QVCD
QVCD
Annualised
QVCD
7.1%
5.3%
SEM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
QVCD
QVCD
SEM
SEM
Revenue
$2.4B
$1.4B
Net Profit
$37.0M
$63.8M
Gross Margin
32.5%
Operating Margin
5.6%
6.9%
Net Margin
1.5%
4.5%
Revenue YoY
-8.9%
5.0%
Net Profit YoY
103.0%
-14.7%
EPS (diluted)
$0.35

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
SEM
SEM
Q1 26
$1.4B
Q4 25
$2.4B
$1.4B
Q3 25
$2.0B
$1.4B
Q2 25
$2.0B
$1.3B
Q1 25
$1.9B
$1.4B
Q4 24
$2.7B
$1.3B
Q3 24
$2.1B
$1.3B
Q2 24
$2.1B
$1.3B
Net Profit
QVCD
QVCD
SEM
SEM
Q1 26
$63.8M
Q4 25
$37.0M
$20.2M
Q3 25
$2.0M
$28.8M
Q2 25
$-2.2B
$40.6M
Q1 25
$-42.0M
$56.7M
Q4 24
$-1.2B
$-16.1M
Q3 24
$51.0M
$55.6M
Q2 24
$53.0M
$77.6M
Gross Margin
QVCD
QVCD
SEM
SEM
Q1 26
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%
Operating Margin
QVCD
QVCD
SEM
SEM
Q1 26
6.9%
Q4 25
5.6%
4.6%
Q3 25
4.6%
5.4%
Q2 25
-114.5%
6.5%
Q1 25
1.5%
8.3%
Q4 24
-47.1%
1.6%
Q3 24
7.8%
4.3%
Q2 24
7.6%
5.8%
Net Margin
QVCD
QVCD
SEM
SEM
Q1 26
4.5%
Q4 25
1.5%
1.4%
Q3 25
0.1%
2.1%
Q2 25
-109.1%
3.0%
Q1 25
-2.2%
4.2%
Q4 24
-46.0%
-1.2%
Q3 24
2.4%
4.4%
Q2 24
2.5%
6.1%
EPS (diluted)
QVCD
QVCD
SEM
SEM
Q1 26
$0.35
Q4 25
$0.17
Q3 25
$0.23
Q2 25
$0.32
Q1 25
$0.44
Q4 24
$-0.12
Q3 24
$0.43
Q2 24
$0.60

Balance Sheet & Financial Strength

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

Metric
QVCD
QVCD
SEM
SEM
Cash + ST InvestmentsLiquidity on hand
$1.5B
$25.7M
Total DebtLower is stronger
$1.0M
$1.8B
Stockholders' EquityBook value
$1.2B
$2.1B
Total Assets
$8.5B
$6.0B
Debt / EquityLower = less leverage
0.00×
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCD
QVCD
SEM
SEM
Q1 26
$25.7M
Q4 25
$1.5B
$26.5M
Q3 25
$60.1M
Q2 25
$52.3M
Q1 25
$53.2M
Q4 24
$297.0M
$59.7M
Q3 24
$297.0M
$191.5M
Q2 24
$315.0M
$111.2M
Total Debt
QVCD
QVCD
SEM
SEM
Q1 26
$1.8B
Q4 25
$1.0M
$1.8B
Q3 25
$5.0B
$1.7B
Q2 25
$4.0B
$1.8B
Q1 25
$4.0B
$1.8B
Q4 24
$3.3B
$1.7B
Q3 24
$3.4B
$3.1B
Q2 24
$3.7B
$3.6B
Stockholders' Equity
QVCD
QVCD
SEM
SEM
Q1 26
$2.1B
Q4 25
$1.2B
$1.7B
Q3 25
$1.2B
$1.7B
Q2 25
$1.2B
$1.7B
Q1 25
$3.3B
$1.7B
Q4 24
$3.3B
$1.7B
Q3 24
$4.6B
$1.9B
Q2 24
$4.3B
$1.4B
Total Assets
QVCD
QVCD
SEM
SEM
Q1 26
$6.0B
Q4 25
$8.5B
$5.9B
Q3 25
$8.3B
$5.7B
Q2 25
$7.4B
$5.7B
Q1 25
$9.7B
$5.7B
Q4 24
$9.9B
$5.6B
Q3 24
$9.9B
$8.0B
Q2 24
$11.2B
$7.9B
Debt / Equity
QVCD
QVCD
SEM
SEM
Q1 26
0.88×
Q4 25
0.00×
1.06×
Q3 25
4.30×
1.03×
Q2 25
3.42×
1.10×
Q1 25
1.22×
1.03×
Q4 24
1.01×
1.01×
Q3 24
0.73×
1.62×
Q2 24
0.87×
2.54×

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
SEM
SEM
Operating Cash FlowLast quarter
$245.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCD
QVCD
SEM
SEM
Q1 26
Q4 25
$245.0M
$64.3M
Q3 25
$76.0M
$175.3M
Q2 25
$52.0M
$110.3M
Q1 25
$46.0M
$-3.5M
Q4 24
$189.0M
$125.4M
Q3 24
$98.0M
$181.0M
Q2 24
$164.0M
$278.2M
Free Cash Flow
QVCD
QVCD
SEM
SEM
Q1 26
Q4 25
$5.2M
Q3 25
$122.2M
Q2 25
$45.6M
Q1 25
$-55.8M
Q4 24
$62.0M
Q3 24
$130.3M
Q2 24
$222.6M
FCF Margin
QVCD
QVCD
SEM
SEM
Q1 26
Q4 25
0.4%
Q3 25
9.0%
Q2 25
3.4%
Q1 25
-4.1%
Q4 24
4.7%
Q3 24
10.2%
Q2 24
17.4%
Capex Intensity
QVCD
QVCD
SEM
SEM
Q1 26
Q4 25
4.2%
Q3 25
3.9%
Q2 25
4.8%
Q1 25
3.9%
Q4 24
4.8%
Q3 24
4.0%
Q2 24
4.3%
Cash Conversion
QVCD
QVCD
SEM
SEM
Q1 26
Q4 25
6.62×
3.19×
Q3 25
38.00×
6.09×
Q2 25
2.72×
Q1 25
-0.06×
Q4 24
Q3 24
1.92×
3.25×
Q2 24
3.09×
3.59×

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%

SEM
SEM

Segment breakdown not available.

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