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Side-by-side financial comparison of QVC INC (QVCD) and Teradyne (TER). 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× Teradyne). Teradyne runs the higher net margin — 31.1% vs 1.5%, a 29.6% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs -8.9%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
QVCD vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.3B |
| Net Profit | $37.0M | $398.9M |
| Gross Margin | 32.5% | 60.9% |
| Operating Margin | 5.6% | 36.9% |
| Net Margin | 1.5% | 31.1% |
| Revenue YoY | -8.9% | 87.0% |
| Net Profit YoY | 103.0% | — |
| EPS (diluted) | — | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | $2.4B | $1.1B | ||
| Q3 25 | $2.0B | $769.2M | ||
| Q2 25 | $2.0B | $651.8M | ||
| Q1 25 | $1.9B | $685.7M | ||
| Q4 24 | $2.7B | $752.9M | ||
| Q3 24 | $2.1B | $737.3M | ||
| Q2 24 | $2.1B | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $37.0M | $257.2M | ||
| Q3 25 | $2.0M | $119.6M | ||
| Q2 25 | $-2.2B | $78.4M | ||
| Q1 25 | $-42.0M | $98.9M | ||
| Q4 24 | $-1.2B | $146.3M | ||
| Q3 24 | $51.0M | $145.6M | ||
| Q2 24 | $53.0M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | 32.5% | 57.2% | ||
| Q3 25 | 33.6% | 58.4% | ||
| Q2 25 | 35.4% | 57.2% | ||
| Q1 25 | 33.3% | 60.6% | ||
| Q4 24 | 32.6% | 59.4% | ||
| Q3 24 | 34.7% | 59.2% | ||
| Q2 24 | 35.6% | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 5.6% | 27.1% | ||
| Q3 25 | 4.6% | 18.9% | ||
| Q2 25 | -114.5% | 13.9% | ||
| Q1 25 | 1.5% | 17.6% | ||
| Q4 24 | -47.1% | 20.4% | ||
| Q3 24 | 7.8% | 20.6% | ||
| Q2 24 | 7.6% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | 1.5% | 23.7% | ||
| Q3 25 | 0.1% | 15.5% | ||
| Q2 25 | -109.1% | 12.0% | ||
| Q1 25 | -2.2% | 14.4% | ||
| Q4 24 | -46.0% | 19.4% | ||
| Q3 24 | 2.4% | 19.8% | ||
| Q2 24 | 2.5% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | — | $1.62 | ||
| Q3 25 | — | $0.75 | ||
| Q2 25 | — | $0.49 | ||
| Q1 25 | — | $0.61 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $1.0M | $0 |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $8.5B | $4.4B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $1.5B | $293.8M | ||
| Q3 25 | — | $272.7M | ||
| Q2 25 | — | $339.3M | ||
| Q1 25 | — | $475.6M | ||
| Q4 24 | $297.0M | $553.4M | ||
| Q3 24 | $297.0M | $510.0M | ||
| Q2 24 | $315.0M | $421.9M |
| Q1 26 | — | $0 | ||
| Q4 25 | $1.0M | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $3.3B | $2.8B | ||
| Q4 24 | $3.3B | $2.8B | ||
| Q3 24 | $4.6B | $2.9B | ||
| Q2 24 | $4.3B | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $8.5B | $4.2B | ||
| Q3 25 | $8.3B | $4.0B | ||
| Q2 25 | $7.4B | $3.8B | ||
| Q1 25 | $9.7B | $3.7B | ||
| Q4 24 | $9.9B | $3.7B | ||
| Q3 24 | $9.9B | $3.8B | ||
| Q2 24 | $11.2B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.87× | — |
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 | $265.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.62× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $245.0M | $281.6M | ||
| Q3 25 | $76.0M | $49.0M | ||
| Q2 25 | $52.0M | $182.1M | ||
| Q1 25 | $46.0M | $161.6M | ||
| Q4 24 | $189.0M | $282.6M | ||
| Q3 24 | $98.0M | $166.3M | ||
| Q2 24 | $164.0M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $218.8M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 6.62× | 1.09× | ||
| Q3 25 | 38.00× | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | 1.92× | 1.14× | ||
| Q2 24 | 3.09× | 1.16× |
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% |
TER
Segment breakdown not available.
