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Side-by-side financial comparison of QVC INC (QVCD) and XPO, Inc. (XPO). Click either name above to swap in a different company.
QVC INC is the larger business by last-quarter revenue ($2.4B vs $2.0B, roughly 1.2× XPO, Inc.). XPO, Inc. runs the higher net margin — 2.9% vs 1.5%, a 1.4% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (4.7% vs -8.9%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% CAGR vs -0.1%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
QVCD vs XPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $2.0B |
| Net Profit | $37.0M | $59.0M |
| Gross Margin | 32.5% | — |
| Operating Margin | 5.6% | 7.1% |
| Net Margin | 1.5% | 2.9% |
| Revenue YoY | -8.9% | 4.7% |
| Net Profit YoY | 103.0% | -21.3% |
| EPS (diluted) | — | $0.49 |
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 | $2.0B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $1.9B | $2.0B | ||
| Q4 24 | $2.7B | $1.9B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $2.1B | $2.0B |
| Q4 25 | $37.0M | $59.0M | ||
| Q3 25 | $2.0M | $82.0M | ||
| Q2 25 | $-2.2B | $106.0M | ||
| Q1 25 | $-42.0M | $69.0M | ||
| Q4 24 | $-1.2B | $75.0M | ||
| Q3 24 | $51.0M | $95.0M | ||
| Q2 24 | $53.0M | $150.0M | ||
| Q1 24 | $51.0M | $67.0M |
| 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% | 7.1% | ||
| Q3 25 | 4.6% | 7.8% | ||
| Q2 25 | -114.5% | 9.5% | ||
| Q1 25 | 1.5% | 7.7% | ||
| Q4 24 | -47.1% | 7.8% | ||
| Q3 24 | 7.8% | 8.6% | ||
| Q2 24 | 7.6% | 9.5% | ||
| Q1 24 | 7.4% | 6.8% |
| Q4 25 | 1.5% | 2.9% | ||
| Q3 25 | 0.1% | 3.9% | ||
| Q2 25 | -109.1% | 5.1% | ||
| Q1 25 | -2.2% | 3.5% | ||
| Q4 24 | -46.0% | 3.9% | ||
| Q3 24 | 2.4% | 4.6% | ||
| Q2 24 | 2.5% | 7.2% | ||
| Q1 24 | 2.4% | 3.3% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.68 | ||
| Q2 25 | — | $0.89 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | — | $0.63 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | — | $1.25 | ||
| Q1 24 | — | $0.56 |
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 | $310.0M |
| Total DebtLower is stronger | $1.0M | — |
| Stockholders' EquityBook value | $1.2B | $1.9B |
| Total Assets | $8.5B | $8.2B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $310.0M | ||
| Q3 25 | — | $335.0M | ||
| Q2 25 | — | $225.0M | ||
| Q1 25 | — | $212.0M | ||
| Q4 24 | $297.0M | $246.0M | ||
| Q3 24 | $297.0M | $378.0M | ||
| Q2 24 | $315.0M | $250.0M | ||
| Q1 24 | $311.0M | $229.0M |
| 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 | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.3B | $1.6B | ||
| Q3 24 | $4.6B | $1.6B | ||
| Q2 24 | $4.3B | $1.5B | ||
| Q1 24 | $4.2B | $1.3B |
| Q4 25 | $8.5B | $8.2B | ||
| Q3 25 | $8.3B | $8.2B | ||
| Q2 25 | $7.4B | $8.1B | ||
| Q1 25 | $9.7B | $7.9B | ||
| Q4 24 | $9.9B | $7.7B | ||
| Q3 24 | $9.9B | $7.9B | ||
| Q2 24 | $11.2B | $7.7B | ||
| Q1 24 | $11.4B | $7.6B |
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | 6.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | — | ||
| Q3 25 | $76.0M | $371.0M | ||
| Q2 25 | $52.0M | $247.0M | ||
| Q1 25 | $46.0M | $142.0M | ||
| Q4 24 | $189.0M | $189.0M | ||
| Q3 24 | $98.0M | $264.0M | ||
| Q2 24 | $164.0M | $210.0M | ||
| Q1 24 | $84.0M | $145.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $51.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $20.0M | ||
| Q1 24 | — | $-161.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -8.0% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 15.2% |
| Q4 25 | 6.62× | — | ||
| Q3 25 | 38.00× | 4.52× | ||
| Q2 25 | — | 2.33× | ||
| Q1 25 | — | 2.06× | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | 1.92× | 2.78× | ||
| Q2 24 | 3.09× | 1.40× | ||
| Q1 24 | 1.65× | 2.16× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
