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Side-by-side financial comparison of QVC INC (QVCD) and Wayfair Inc. (W). Click either name above to swap in a different company.

Wayfair Inc. is the larger business by last-quarter revenue ($3.3B vs $2.4B, roughly 1.4× QVC INC). QVC INC runs the higher net margin — 1.5% vs -3.5%, a 5.0% gap on every dollar of revenue. On growth, Wayfair Inc. posted the faster year-over-year revenue change (6.9% vs -8.9%). Over the past eight quarters, Wayfair Inc.'s revenue compounded faster (10.6% 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.

Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. The company maintains international operations, including locations in North America and in Canada, Germany, Ireland, China and the United Kingdom.

QVCD vs W — Head-to-Head

Bigger by revenue
W
W
1.4× larger
W
$3.3B
$2.4B
QVCD
Growing faster (revenue YoY)
W
W
+15.9% gap
W
6.9%
-8.9%
QVCD
Higher net margin
QVCD
QVCD
5.0% more per $
QVCD
1.5%
-3.5%
W
Faster 2-yr revenue CAGR
W
W
Annualised
W
10.6%
7.1%
QVCD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCD
QVCD
W
W
Revenue
$2.4B
$3.3B
Net Profit
$37.0M
$-116.0M
Gross Margin
32.5%
30.3%
Operating Margin
5.6%
2.5%
Net Margin
1.5%
-3.5%
Revenue YoY
-8.9%
6.9%
Net Profit YoY
103.0%
9.4%
EPS (diluted)
$-0.90

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.

Revenue
QVCD
QVCD
W
W
Q4 25
$2.4B
$3.3B
Q3 25
$2.0B
$3.1B
Q2 25
$2.0B
$3.3B
Q1 25
$1.9B
$2.7B
Q4 24
$2.7B
$3.1B
Q3 24
$2.1B
$2.9B
Q2 24
$2.1B
$3.1B
Q1 24
$2.1B
$2.7B
Net Profit
QVCD
QVCD
W
W
Q4 25
$37.0M
$-116.0M
Q3 25
$2.0M
$-99.0M
Q2 25
$-2.2B
$15.0M
Q1 25
$-42.0M
$-113.0M
Q4 24
$-1.2B
$-128.0M
Q3 24
$51.0M
$-74.0M
Q2 24
$53.0M
$-42.0M
Q1 24
$51.0M
$-248.0M
Gross Margin
QVCD
QVCD
W
W
Q4 25
32.5%
30.3%
Q3 25
33.6%
30.0%
Q2 25
35.4%
30.1%
Q1 25
33.3%
30.7%
Q4 24
32.6%
30.2%
Q3 24
34.7%
30.3%
Q2 24
35.6%
30.2%
Q1 24
35.0%
30.0%
Operating Margin
QVCD
QVCD
W
W
Q4 25
5.6%
2.5%
Q3 25
4.6%
1.2%
Q2 25
-114.5%
0.5%
Q1 25
1.5%
-4.5%
Q4 24
-47.1%
-3.7%
Q3 24
7.8%
-2.6%
Q2 24
7.6%
-1.1%
Q1 24
7.4%
-8.6%
Net Margin
QVCD
QVCD
W
W
Q4 25
1.5%
-3.5%
Q3 25
0.1%
-3.2%
Q2 25
-109.1%
0.5%
Q1 25
-2.2%
-4.1%
Q4 24
-46.0%
-4.1%
Q3 24
2.4%
-2.6%
Q2 24
2.5%
-1.3%
Q1 24
2.4%
-9.1%
EPS (diluted)
QVCD
QVCD
W
W
Q4 25
$-0.90
Q3 25
$-0.76
Q2 25
$0.11
Q1 25
$-0.89
Q4 24
$-1.01
Q3 24
$-0.60
Q2 24
$-0.34
Q1 24
$-2.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
QVCD
QVCD
W
W
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.5B
Total DebtLower is stronger
$1.0M
$3.3B
Stockholders' EquityBook value
$1.2B
$-2.8B
Total Assets
$8.5B
$3.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCD
QVCD
W
W
Q4 25
$1.5B
$1.5B
Q3 25
$1.2B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$297.0M
$1.4B
Q3 24
$297.0M
$1.3B
Q2 24
$315.0M
$1.3B
Q1 24
$311.0M
$1.2B
Total Debt
QVCD
QVCD
W
W
Q4 25
$1.0M
$3.3B
Q3 25
$5.0B
$2.9B
Q2 25
$4.0B
$3.0B
Q1 25
$4.0B
$3.2B
Q4 24
$3.3B
$3.1B
Q3 24
$3.4B
$3.2B
Q2 24
$3.7B
$3.2B
Q1 24
$3.8B
$3.2B
Stockholders' Equity
QVCD
QVCD
W
W
Q4 25
$1.2B
$-2.8B
Q3 25
$1.2B
$-2.8B
Q2 25
$1.2B
$-2.7B
Q1 25
$3.3B
$-2.8B
Q4 24
$3.3B
$-2.8B
Q3 24
$4.6B
$-2.7B
Q2 24
$4.3B
$-2.8B
Q1 24
$4.2B
$-2.8B
Total Assets
QVCD
QVCD
W
W
Q4 25
$8.5B
$3.4B
Q3 25
$8.3B
$3.1B
Q2 25
$7.4B
$3.3B
Q1 25
$9.7B
$3.4B
Q4 24
$9.9B
$3.5B
Q3 24
$9.9B
$3.4B
Q2 24
$11.2B
$3.4B
Q1 24
$11.4B
$3.2B
Debt / Equity
QVCD
QVCD
W
W
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
QVCD
QVCD
W
W
Operating Cash FlowLast quarter
$245.0M
$202.0M
Free Cash FlowOCF − Capex
$177.0M
FCF MarginFCF / Revenue
5.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
6.62×
TTM Free Cash FlowTrailing 4 quarters
$464.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCD
QVCD
W
W
Q4 25
$245.0M
$202.0M
Q3 25
$76.0M
$155.0M
Q2 25
$52.0M
$273.0M
Q1 25
$46.0M
$-96.0M
Q4 24
$189.0M
$162.0M
Q3 24
$98.0M
$49.0M
Q2 24
$164.0M
$245.0M
Q1 24
$84.0M
$-139.0M
Free Cash Flow
QVCD
QVCD
W
W
Q4 25
$177.0M
Q3 25
$128.0M
Q2 25
$260.0M
Q1 25
$-101.0M
Q4 24
$142.0M
Q3 24
$32.0M
Q2 24
$222.0M
Q1 24
$-152.0M
FCF Margin
QVCD
QVCD
W
W
Q4 25
5.3%
Q3 25
4.1%
Q2 25
7.9%
Q1 25
-3.7%
Q4 24
4.5%
Q3 24
1.1%
Q2 24
7.1%
Q1 24
-5.6%
Capex Intensity
QVCD
QVCD
W
W
Q4 25
0.7%
Q3 25
0.9%
Q2 25
0.4%
Q1 25
0.2%
Q4 24
0.6%
Q3 24
0.6%
Q2 24
0.7%
Q1 24
0.5%
Cash Conversion
QVCD
QVCD
W
W
Q4 25
6.62×
Q3 25
38.00×
Q2 25
18.20×
Q1 25
Q4 24
Q3 24
1.92×
Q2 24
3.09×
Q1 24
1.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

QVCD
QVCD

Home$754.0M31%
QVC International$661.0M27%
Beauty$260.0M11%
Apparel$254.0M10%
Electronics$187.0M8%
Accessories$181.0M7%
Jewelry$87.0M4%
Otherrevenue$38.0M2%

W
W

US Segment$2.9B88%
International Segment$395.0M12%

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