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Side-by-side financial comparison of QVC INC (QVCD) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.7B vs $2.4B, roughly 1.1× QVC INC). UGI CORP runs the higher net margin — 19.4% vs 1.5%, a 17.8% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (0.7% vs -8.9%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% 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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
QVCD vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $2.7B |
| Net Profit | $37.0M | $520.0M |
| Gross Margin | 32.5% | — |
| Operating Margin | 5.6% | 9.3% |
| Net Margin | 1.5% | 19.4% |
| Revenue YoY | -8.9% | 0.7% |
| Net Profit YoY | 103.0% | -2.4% |
| EPS (diluted) | — | $2.33 |
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 | — | $2.7B | ||
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $2.7B | $2.0B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.1B | $1.4B |
| Q1 26 | — | $520.0M | ||
| Q4 25 | $37.0M | $297.0M | ||
| Q3 25 | $2.0M | $-13.0M | ||
| Q2 25 | $-2.2B | $-163.0M | ||
| Q1 25 | $-42.0M | $479.0M | ||
| Q4 24 | $-1.2B | $375.0M | ||
| Q3 24 | $51.0M | $-273.0M | ||
| Q2 24 | $53.0M | $-48.0M |
| 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% | — |
| Q1 26 | — | 9.3% | ||
| Q4 25 | 5.6% | 22.0% | ||
| Q3 25 | 4.6% | 1.1% | ||
| Q2 25 | -114.5% | -6.8% | ||
| Q1 25 | 1.5% | 26.6% | ||
| Q4 24 | -47.1% | 24.5% | ||
| Q3 24 | 7.8% | -20.4% | ||
| Q2 24 | 7.6% | 5.0% |
| Q1 26 | — | 19.4% | ||
| Q4 25 | 1.5% | 14.4% | ||
| Q3 25 | 0.1% | -1.1% | ||
| Q2 25 | -109.1% | -12.0% | ||
| Q1 25 | -2.2% | 18.2% | ||
| Q4 24 | -46.0% | 18.9% | ||
| Q3 24 | 2.4% | -22.6% | ||
| Q2 24 | 2.5% | -3.6% |
| Q1 26 | — | $2.33 | ||
| Q4 25 | — | $1.34 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | — | $2.19 | ||
| Q4 24 | — | $1.74 | ||
| Q3 24 | — | $-1.26 | ||
| Q2 24 | — | $-0.23 |
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 | — |
| Total DebtLower is stronger | $1.0M | — |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $8.5B | — |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $251.0M | ||
| Q3 25 | — | $335.0M | ||
| Q2 25 | — | $350.0M | ||
| Q1 25 | — | $426.0M | ||
| Q4 24 | $297.0M | $240.0M | ||
| Q3 24 | $297.0M | $213.0M | ||
| Q2 24 | $315.0M | $183.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.0M | $6.0B | ||
| Q3 25 | $5.0B | $6.5B | ||
| Q2 25 | $4.0B | $5.7B | ||
| Q1 25 | $4.0B | $6.6B | ||
| Q4 24 | $3.3B | $6.6B | ||
| Q3 24 | $3.4B | $6.4B | ||
| Q2 24 | $3.7B | $6.3B |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $1.2B | $4.8B | ||
| Q2 25 | $1.2B | $4.9B | ||
| Q1 25 | $3.3B | $5.0B | ||
| Q4 24 | $3.3B | $4.6B | ||
| Q3 24 | $4.6B | $4.3B | ||
| Q2 24 | $4.3B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | $8.5B | $15.8B | ||
| Q3 25 | $8.3B | $15.5B | ||
| Q2 25 | $7.4B | $15.4B | ||
| Q1 25 | $9.7B | $15.7B | ||
| Q4 24 | $9.9B | $15.4B | ||
| Q3 24 | $9.9B | $15.1B | ||
| Q2 24 | $11.2B | $15.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | 1.19× | ||
| Q3 25 | 4.30× | 1.37× | ||
| Q2 25 | 3.42× | 1.17× | ||
| Q1 25 | 1.22× | 1.32× | ||
| Q4 24 | 1.01× | 1.44× | ||
| Q3 24 | 0.73× | 1.48× | ||
| Q2 24 | 0.87× | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.7% |
| Cash ConversionOCF / Net Profit | 6.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $245.0M | $66.0M | ||
| Q3 25 | $76.0M | $90.0M | ||
| Q2 25 | $52.0M | $289.0M | ||
| Q1 25 | $46.0M | $684.0M | ||
| Q4 24 | $189.0M | $164.0M | ||
| Q3 24 | $98.0M | $151.0M | ||
| Q2 24 | $164.0M | $390.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-155.0M | ||
| Q3 25 | — | $-168.0M | ||
| Q2 25 | — | $67.0M | ||
| Q1 25 | — | $538.0M | ||
| Q4 24 | — | $-47.0M | ||
| Q3 24 | — | $-115.0M | ||
| Q2 24 | — | $185.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -7.5% | ||
| Q3 25 | — | -14.4% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | -9.5% | ||
| Q2 24 | — | 13.7% |
| Q1 26 | — | 4.7% | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 15.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.62× | 0.22× | ||
| Q3 25 | 38.00× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 3.09× | — |
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% |
UGI
| Utilities | $880.0M | 33% |
| AmeriGas Propane | $759.0M | 28% |
| UGI International | $621.0M | 23% |
| Other | $425.0M | 16% |
