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Side-by-side financial comparison of QVC INC (QVCD) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $2.4B, roughly 1.6× QVC INC). Viking Holdings Ltd runs the higher net margin — 12.9% vs 1.5%, a 11.4% gap on every dollar of revenue.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
QVCD vs VIK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $4.0B |
| Net Profit | $37.0M | $514.0M |
| Gross Margin | 32.5% | 73.4% |
| Operating Margin | 5.6% | 15.2% |
| Net Margin | 1.5% | 12.9% |
| Revenue YoY | -8.9% | — |
| Net Profit YoY | 103.0% | 35.4% |
| EPS (diluted) | — | $1.15 |
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 | — | ||
| Q3 25 | $2.0B | $4.0B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $1.9B | $718.2M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.1B | $3.6B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $37.0M | — | ||
| Q3 25 | $2.0M | $514.0M | ||
| Q2 25 | $-2.2B | $439.2M | ||
| Q1 25 | $-42.0M | $-105.5M | ||
| Q4 24 | $-1.2B | — | ||
| Q3 24 | $51.0M | $379.7M | ||
| Q2 24 | $53.0M | $159.8M | ||
| Q1 24 | $51.0M | — |
| Q4 25 | 32.5% | — | ||
| Q3 25 | 33.6% | 73.4% | ||
| Q2 25 | 35.4% | 55.7% | ||
| Q1 25 | 33.3% | 17.3% | ||
| Q4 24 | 32.6% | — | ||
| Q3 24 | 34.7% | 74.7% | ||
| Q2 24 | 35.6% | 57.8% | ||
| Q1 24 | 35.0% | — |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 4.6% | 15.2% | ||
| Q2 25 | -114.5% | 23.7% | ||
| Q1 25 | 1.5% | -1.3% | ||
| Q4 24 | -47.1% | — | ||
| Q3 24 | 7.8% | 13.6% | ||
| Q2 24 | 7.6% | 20.5% | ||
| Q1 24 | 7.4% | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.1% | 12.9% | ||
| Q2 25 | -109.1% | 19.1% | ||
| Q1 25 | -2.2% | -14.7% | ||
| Q4 24 | -46.0% | — | ||
| Q3 24 | 2.4% | 10.6% | ||
| Q2 24 | 2.5% | 7.7% | ||
| Q1 24 | 2.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.15 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.87 | ||
| Q2 24 | — | $0.38 | ||
| Q1 24 | — | — |
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 | $3.0B |
| Total DebtLower is stronger | $1.0M | — |
| Stockholders' EquityBook value | $1.2B | $803.5M |
| Total Assets | $8.5B | $11.5B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | — | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $297.0M | — | ||
| Q3 24 | $297.0M | $2.4B | ||
| Q2 24 | $315.0M | $1.8B | ||
| Q1 24 | $311.0M | — |
| 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 | — | ||
| Q3 25 | $1.2B | $803.5M | ||
| Q2 25 | $1.2B | $278.3M | ||
| Q1 25 | $3.3B | $-267.5M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $4.6B | $-688.9M | ||
| Q2 24 | $4.3B | $-1.1B | ||
| Q1 24 | $4.2B | — |
| Q4 25 | $8.5B | — | ||
| Q3 25 | $8.3B | $11.5B | ||
| Q2 25 | $7.4B | $11.1B | ||
| Q1 25 | $9.7B | $10.7B | ||
| Q4 24 | $9.9B | — | ||
| Q3 24 | $9.9B | — | ||
| Q2 24 | $11.2B | — | ||
| Q1 24 | $11.4B | — |
| 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 | $663.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.62× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | — | ||
| Q3 25 | $76.0M | $663.9M | ||
| Q2 25 | $52.0M | $470.7M | ||
| Q1 25 | $46.0M | $587.9M | ||
| Q4 24 | $189.0M | — | ||
| Q3 24 | $98.0M | $828.7M | ||
| Q2 24 | $164.0M | $419.8M | ||
| Q1 24 | $84.0M | — |
| Q4 25 | 6.62× | — | ||
| Q3 25 | 38.00× | 1.29× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.92× | 2.18× | ||
| Q2 24 | 3.09× | 2.63× | ||
| 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% |
VIK
Segment breakdown not available.
