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Side-by-side financial comparison of QVC INC (QVCD) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.2B, roughly 2.0× MARRIOTT VACATIONS WORLDWIDE Corp). QVC INC runs the higher net margin — 1.5% vs -35.0%, a 36.5% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -8.9%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% CAGR vs 5.2%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
QVCD vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.2B |
| Net Profit | $37.0M | $-431.0M |
| Gross Margin | 32.5% | — |
| Operating Margin | 5.6% | — |
| Net Margin | 1.5% | -35.0% |
| Revenue YoY | -8.9% | -0.7% |
| Net Profit YoY | 103.0% | -962.0% |
| EPS (diluted) | — | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $37.0M | $-431.0M | ||
| Q3 25 | $2.0M | $-2.0M | ||
| Q2 25 | $-2.2B | $69.0M | ||
| Q1 25 | $-42.0M | $56.0M | ||
| Q4 24 | $-1.2B | $50.0M | ||
| Q3 24 | $51.0M | $84.0M | ||
| Q2 24 | $53.0M | $37.0M | ||
| Q1 24 | $51.0M | $47.0M |
| 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 24 | 35.0% | — |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | -114.5% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | -47.1% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 7.6% | — | ||
| Q1 24 | 7.4% | — |
| Q4 25 | 1.5% | -35.0% | ||
| Q3 25 | 0.1% | -0.2% | ||
| Q2 25 | -109.1% | 6.0% | ||
| Q1 25 | -2.2% | 5.0% | ||
| Q4 24 | -46.0% | 4.0% | ||
| Q3 24 | 2.4% | 6.9% | ||
| Q2 24 | 2.5% | 3.5% | ||
| Q1 24 | 2.4% | 4.2% |
| Q4 25 | — | $-12.00 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $1.77 | ||
| Q1 25 | — | $1.46 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | — | $2.12 | ||
| Q2 24 | — | $0.98 | ||
| Q1 24 | — | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $1.0M | — |
| Stockholders' EquityBook value | $1.2B | $2.0B |
| Total Assets | $8.5B | $9.8B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $406.0M | ||
| Q3 25 | — | $474.0M | ||
| Q2 25 | — | $205.0M | ||
| Q1 25 | — | $196.0M | ||
| Q4 24 | $297.0M | $197.0M | ||
| Q3 24 | $297.0M | $197.0M | ||
| Q2 24 | $315.0M | $206.0M | ||
| Q1 24 | $311.0M | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $3.3B | $2.4B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $4.6B | $2.4B | ||
| Q2 24 | $4.3B | $2.4B | ||
| Q1 24 | $4.2B | $2.4B |
| Q4 25 | $8.5B | $9.8B | ||
| Q3 25 | $8.3B | $10.1B | ||
| Q2 25 | $7.4B | $9.9B | ||
| Q1 25 | $9.7B | $9.9B | ||
| Q4 24 | $9.9B | $9.8B | ||
| Q3 24 | $9.9B | $9.7B | ||
| Q2 24 | $11.2B | $9.6B | ||
| Q1 24 | $11.4B | $9.9B |
| 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 | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 6.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $6.0M | ||
| Q3 25 | $76.0M | $62.0M | ||
| Q2 25 | $52.0M | $-48.0M | ||
| Q1 25 | $46.0M | $8.0M | ||
| Q4 24 | $189.0M | $100.0M | ||
| Q3 24 | $98.0M | $72.0M | ||
| Q2 24 | $164.0M | $30.0M | ||
| Q1 24 | $84.0M | $3.0M |
| Q4 25 | — | $-6.0M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $-68.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 6.62× | — | ||
| Q3 25 | 38.00× | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | 1.92× | 0.86× | ||
| Q2 24 | 3.09× | 0.81× | ||
| Q1 24 | 1.65× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
