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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and RXO, Inc. (RXO). Click either name above to swap in a different company.

QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.5B, roughly 1.8× RXO, Inc.). QVC Group, Inc. runs the higher net margin — -1.4% vs -3.1%, a 1.7% gap on every dollar of revenue. On growth, QVC Group, Inc. posted the faster year-over-year revenue change (-9.1% vs -11.9%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 6.9%).

QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.

RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.

QVCGA vs RXO — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.8× larger
QVCGA
$2.7B
$1.5B
RXO
Growing faster (revenue YoY)
QVCGA
QVCGA
+2.8% gap
QVCGA
-9.1%
-11.9%
RXO
Higher net margin
QVCGA
QVCGA
1.7% more per $
QVCGA
-1.4%
-3.1%
RXO
More free cash flow
QVCGA
QVCGA
$200.0M more FCF
QVCGA
$191.0M
$-9.0M
RXO
Faster 2-yr revenue CAGR
RXO
RXO
Annualised
RXO
26.8%
6.9%
QVCGA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCGA
QVCGA
RXO
RXO
Revenue
$2.7B
$1.5B
Net Profit
$-37.0M
$-46.0M
Gross Margin
32.9%
Operating Margin
3.7%
-2.9%
Net Margin
-1.4%
-3.1%
Revenue YoY
-9.1%
-11.9%
Net Profit YoY
97.1%
-84.0%
EPS (diluted)
$-17.37
$-0.28

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
QVCGA
QVCGA
RXO
RXO
Q4 25
$2.7B
$1.5B
Q3 25
$2.2B
$1.4B
Q2 25
$2.2B
$1.4B
Q1 25
$2.1B
$1.4B
Q4 24
$2.9B
$1.7B
Q3 24
$2.3B
$1.0B
Q2 24
$2.4B
$930.0M
Q1 24
$2.3B
$913.0M
Net Profit
QVCGA
QVCGA
RXO
RXO
Q4 25
$-37.0M
$-46.0M
Q3 25
$-80.0M
$-14.0M
Q2 25
$-2.2B
$-9.0M
Q1 25
$-100.0M
$-31.0M
Q4 24
$-1.3B
$-25.0M
Q3 24
$-23.0M
$-243.0M
Q2 24
$20.0M
$-7.0M
Q1 24
$-1.0M
$-15.0M
Gross Margin
QVCGA
QVCGA
RXO
RXO
Q4 25
32.9%
Q3 25
34.0%
Q2 25
36.4%
Q1 25
34.2%
Q4 24
33.3%
Q3 24
35.3%
Q2 24
36.4%
Q1 24
35.5%
Operating Margin
QVCGA
QVCGA
RXO
RXO
Q4 25
3.7%
-2.9%
Q3 25
2.7%
-0.5%
Q2 25
-101.6%
Q1 25
0.7%
-2.1%
Q4 24
-43.2%
-1.4%
Q3 24
6.5%
-1.9%
Q2 24
6.9%
Q1 24
6.2%
-1.3%
Net Margin
QVCGA
QVCGA
RXO
RXO
Q4 25
-1.4%
-3.1%
Q3 25
-3.6%
-1.0%
Q2 25
-99.4%
-0.6%
Q1 25
-4.8%
-2.2%
Q4 24
-43.7%
-1.5%
Q3 24
-1.0%
-23.4%
Q2 24
0.8%
-0.8%
Q1 24
-0.0%
-1.6%
EPS (diluted)
QVCGA
QVCGA
RXO
RXO
Q4 25
$-17.37
$-0.28
Q3 25
$-9.89
$-0.08
Q2 25
$-275.46
$-0.05
Q1 25
$-0.25
$-0.18
Q4 24
$-0.17
Q3 24
$-0.06
$-1.81
Q2 24
$2.57
$-0.06
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
RXO
RXO
Cash + ST InvestmentsLiquidity on hand
$2.0B
$17.0M
Total DebtLower is stronger
$790.0M
$387.0M
Stockholders' EquityBook value
$-3.1B
$1.5B
Total Assets
$7.6B
$3.3B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
RXO
RXO
Q4 25
$2.0B
$17.0M
Q3 25
$1.8B
$25.0M
Q2 25
$897.0M
$18.0M
Q1 25
$833.0M
$16.0M
Q4 24
$905.0M
$35.0M
Q3 24
$873.0M
$55.0M
Q2 24
$1.2B
$7.0M
Q1 24
$1.1B
$7.0M
Total Debt
QVCGA
QVCGA
RXO
RXO
Q4 25
$790.0M
$387.0M
Q3 25
$5.9B
$387.0M
Q2 25
$4.9B
$387.0M
Q1 25
$5.0B
$387.0M
Q4 24
$4.1B
$351.0M
Q3 24
$5.1B
$352.0M
Q2 24
$5.3B
$370.0M
Q1 24
$5.5B
$351.0M
Stockholders' Equity
QVCGA
QVCGA
RXO
RXO
Q4 25
$-3.1B
$1.5B
Q3 25
$-3.1B
$1.6B
Q2 25
$-3.0B
$1.6B
Q1 25
$-981.0M
$1.6B
Q4 24
$-971.0M
$1.6B
Q3 24
$397.0M
$1.7B
Q2 24
$328.0M
$579.0M
Q1 24
$255.0M
$582.0M
Total Assets
QVCGA
QVCGA
RXO
RXO
Q4 25
$7.6B
$3.3B
Q3 25
$7.6B
$3.2B
Q2 25
$6.7B
$3.2B
Q1 25
$9.0B
$3.3B
Q4 24
$9.2B
$3.4B
Q3 24
$10.8B
$3.4B
Q2 24
$10.9B
$1.8B
Q1 24
$11.0B
$1.8B
Debt / Equity
QVCGA
QVCGA
RXO
RXO
Q4 25
0.25×
Q3 25
0.24×
Q2 25
0.24×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
12.74×
0.21×
Q2 24
16.28×
0.64×
Q1 24
21.53×
0.60×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
QVCGA
QVCGA
RXO
RXO
Operating Cash FlowLast quarter
$244.0M
$7.0M
Free Cash FlowOCF − Capex
$191.0M
$-9.0M
FCF MarginFCF / Revenue
7.1%
-0.6%
Capex IntensityCapex / Revenue
2.0%
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$118.0M
$-8.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCGA
QVCGA
RXO
RXO
Q4 25
$244.0M
$7.0M
Q3 25
$4.0M
$23.0M
Q2 25
$86.0M
$23.0M
Q1 25
$-60.0M
$-2.0M
Q4 24
$212.0M
$-7.0M
Q3 24
$20.0M
$-7.0M
Q2 24
$267.0M
$-5.0M
Q1 24
$26.0M
$7.0M
Free Cash Flow
QVCGA
QVCGA
RXO
RXO
Q4 25
$191.0M
$-9.0M
Q3 25
$-27.0M
$9.0M
Q2 25
$48.0M
$9.0M
Q1 25
$-94.0M
$-17.0M
Q4 24
$150.0M
$-19.0M
Q3 24
$-23.0M
$-18.0M
Q2 24
$213.0M
$-16.0M
Q1 24
$-14.0M
$-4.0M
FCF Margin
QVCGA
QVCGA
RXO
RXO
Q4 25
7.1%
-0.6%
Q3 25
-1.2%
0.6%
Q2 25
2.1%
0.6%
Q1 25
-4.5%
-1.2%
Q4 24
5.1%
-1.1%
Q3 24
-1.0%
-1.7%
Q2 24
8.8%
-1.7%
Q1 24
-0.6%
-0.4%
Capex Intensity
QVCGA
QVCGA
RXO
RXO
Q4 25
2.0%
1.1%
Q3 25
1.4%
1.0%
Q2 25
1.7%
1.0%
Q1 25
1.6%
1.0%
Q4 24
2.1%
0.7%
Q3 24
1.8%
1.1%
Q2 24
2.2%
1.2%
Q1 24
1.7%
1.2%
Cash Conversion
QVCGA
QVCGA
RXO
RXO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
13.35×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

QVCGA
QVCGA

Other$915.0M34%
Home$754.0M28%
Beauty$260.0M10%
Apparel$254.0M9%
Electronics$187.0M7%
Accessories$181.0M7%
Jewelry$87.0M3%
Manufactured Product Other$38.0M1%

RXO
RXO

Retail Sector$546.0M37%
Last Mile$298.0M20%
Food And Beverage Sector$225.0M15%
Other Sector$185.0M13%
Managed Transportation$133.0M9%
Automotive Sector$93.0M6%

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