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Side-by-side financial comparison of QVC INC (QVCD) and Toast, Inc. (TOST). Click either name above to swap in a different company.
QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.6B, roughly 1.5× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 1.5%, a 4.7% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -8.9%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
QVCD vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.6B |
| Net Profit | $37.0M | $101.0M |
| Gross Margin | 32.5% | 25.9% |
| Operating Margin | 5.6% | 5.2% |
| Net Margin | 1.5% | 6.2% |
| Revenue YoY | -8.9% | 22.0% |
| Net Profit YoY | 103.0% | 215.6% |
| EPS (diluted) | — | $0.18 |
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.
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $2.7B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $37.0M | $101.0M | ||
| Q3 25 | $2.0M | $105.0M | ||
| Q2 25 | $-2.2B | $80.0M | ||
| Q1 25 | $-42.0M | $56.0M | ||
| Q4 24 | $-1.2B | $32.0M | ||
| Q3 24 | $51.0M | $56.0M | ||
| Q2 24 | $53.0M | $14.0M | ||
| Q1 24 | $51.0M | $-83.0M |
| Q4 25 | 32.5% | 25.9% | ||
| Q3 25 | 33.6% | 26.5% | ||
| Q2 25 | 35.4% | 25.3% | ||
| Q1 25 | 33.3% | 25.9% | ||
| Q4 24 | 32.6% | 24.9% | ||
| Q3 24 | 34.7% | 24.7% | ||
| Q2 24 | 35.6% | 23.0% | ||
| Q1 24 | 35.0% | 23.2% |
| Q4 25 | 5.6% | 5.2% | ||
| Q3 25 | 4.6% | 5.1% | ||
| Q2 25 | -114.5% | 5.2% | ||
| Q1 25 | 1.5% | 3.2% | ||
| Q4 24 | -47.1% | 2.5% | ||
| Q3 24 | 7.8% | 2.6% | ||
| Q2 24 | 7.6% | 0.4% | ||
| Q1 24 | 7.4% | -5.2% |
| Q4 25 | 1.5% | 6.2% | ||
| Q3 25 | 0.1% | 6.4% | ||
| Q2 25 | -109.1% | 5.2% | ||
| Q1 25 | -2.2% | 4.2% | ||
| Q4 24 | -46.0% | 2.4% | ||
| Q3 24 | 2.4% | 4.3% | ||
| Q2 24 | 2.5% | 1.1% | ||
| Q1 24 | 2.4% | -7.7% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.16 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.09 | ||
| Q3 24 | — | $0.07 | ||
| Q2 24 | — | $0.02 | ||
| Q1 24 | — | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $1.0M | — |
| Stockholders' EquityBook value | $1.2B | $2.1B |
| Total Assets | $8.5B | $3.1B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $297.0M | $903.0M | ||
| Q3 24 | $297.0M | $761.0M | ||
| Q2 24 | $315.0M | $691.0M | ||
| Q1 24 | $311.0M | $578.0M |
| 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 24 | $3.8B | — |
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $3.3B | $1.7B | ||
| Q4 24 | $3.3B | $1.5B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | $4.3B | $1.3B | ||
| Q1 24 | $4.2B | $1.2B |
| Q4 25 | $8.5B | $3.1B | ||
| Q3 25 | $8.3B | $3.0B | ||
| Q2 25 | $7.4B | $2.8B | ||
| Q1 25 | $9.7B | $2.6B | ||
| Q4 24 | $9.9B | $2.4B | ||
| Q3 24 | $9.9B | $2.2B | ||
| Q2 24 | $11.2B | $2.2B | ||
| Q1 24 | $11.4B | $2.1B |
| 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× | — | ||
| Q1 24 | 0.89× | — |
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 | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 6.62× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $194.0M | ||
| Q3 25 | $76.0M | $165.0M | ||
| Q2 25 | $52.0M | $223.0M | ||
| Q1 25 | $46.0M | $79.0M | ||
| Q4 24 | $189.0M | $147.0M | ||
| Q3 24 | $98.0M | $109.0M | ||
| Q2 24 | $164.0M | $124.0M | ||
| Q1 24 | $84.0M | $-20.0M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M | ||
| Q1 24 | — | $-33.0M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 6.62× | 1.92× | ||
| Q3 25 | 38.00× | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | — | 4.59× | ||
| Q3 24 | 1.92× | 1.95× | ||
| Q2 24 | 3.09× | 8.86× | ||
| Q1 24 | 1.65× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
