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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 1.9× SEALED AIR CORP). SEALED AIR CORP runs the higher net margin — 3.1% vs -1.4%, a 4.5% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -9.1%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $191.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs 2.7%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
QVCGA vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $1.4B |
| Net Profit | $-37.0M | $43.8M |
| Gross Margin | 32.9% | 28.6% |
| Operating Margin | 3.7% | 11.4% |
| Net Margin | -1.4% | 3.1% |
| Revenue YoY | -9.1% | 2.6% |
| Net Profit YoY | 97.1% | 700.0% |
| EPS (diluted) | $-17.37 | $0.30 |
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 | $2.7B | $1.4B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.3B | $1.3B |
| Q4 25 | $-37.0M | $43.8M | ||
| Q3 25 | $-80.0M | $255.1M | ||
| Q2 25 | $-2.2B | $93.1M | ||
| Q1 25 | $-100.0M | $113.5M | ||
| Q4 24 | $-1.3B | $-7.3M | ||
| Q3 24 | $-23.0M | $91.7M | ||
| Q2 24 | $20.0M | $98.3M | ||
| Q1 24 | $-1.0M | $82.0M |
| Q4 25 | 32.9% | 28.6% | ||
| Q3 25 | 34.0% | 29.8% | ||
| Q2 25 | 36.4% | 30.7% | ||
| Q1 25 | 34.2% | 30.9% | ||
| Q4 24 | 33.3% | 30.0% | ||
| Q3 24 | 35.3% | 30.1% | ||
| Q2 24 | 36.4% | 31.2% | ||
| Q1 24 | 35.5% | 30.3% |
| Q4 25 | 3.7% | 11.4% | ||
| Q3 25 | 2.7% | 13.8% | ||
| Q2 25 | -101.6% | 15.0% | ||
| Q1 25 | 0.7% | 14.5% | ||
| Q4 24 | -43.2% | 11.7% | ||
| Q3 24 | 6.5% | 13.9% | ||
| Q2 24 | 6.9% | 15.4% | ||
| Q1 24 | 6.2% | 14.0% |
| Q4 25 | -1.4% | 3.1% | ||
| Q3 25 | -3.6% | 19.0% | ||
| Q2 25 | -99.4% | 7.0% | ||
| Q1 25 | -4.8% | 9.0% | ||
| Q4 24 | -43.7% | -0.5% | ||
| Q3 24 | -1.0% | 6.9% | ||
| Q2 24 | 0.8% | 7.4% | ||
| Q1 24 | -0.0% | 6.2% |
| Q4 25 | $-17.37 | $0.30 | ||
| Q3 25 | $-9.89 | $1.73 | ||
| Q2 25 | $-275.46 | $0.63 | ||
| Q1 25 | $-0.25 | $0.77 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $-0.06 | $0.63 | ||
| Q2 24 | $2.57 | $0.67 | ||
| 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 | $2.0B | $344.0M |
| Total DebtLower is stronger | $790.0M | $3.3B |
| Stockholders' EquityBook value | $-3.1B | $1.2B |
| Total Assets | $7.6B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $344.0M | ||
| Q3 25 | $1.8B | $282.5M | ||
| Q2 25 | $897.0M | $354.4M | ||
| Q1 25 | $833.0M | $335.2M | ||
| Q4 24 | $905.0M | $371.8M | ||
| Q3 24 | $873.0M | $386.0M | ||
| Q2 24 | $1.2B | $388.6M | ||
| Q1 24 | $1.1B | $352.8M |
| Q4 25 | $790.0M | $3.3B | ||
| Q3 25 | $5.9B | $4.0B | ||
| Q2 25 | $4.9B | $4.0B | ||
| Q1 25 | $5.0B | $4.2B | ||
| Q4 24 | $4.1B | $4.2B | ||
| Q3 24 | $5.1B | $4.3B | ||
| Q2 24 | $5.3B | $4.4B | ||
| Q1 24 | $5.5B | $4.5B |
| Q4 25 | $-3.1B | $1.2B | ||
| Q3 25 | $-3.1B | $1.2B | ||
| Q2 25 | $-3.0B | $953.1M | ||
| Q1 25 | $-981.0M | $797.9M | ||
| Q4 24 | $-971.0M | $624.5M | ||
| Q3 24 | $397.0M | $771.2M | ||
| Q2 24 | $328.0M | $650.1M | ||
| Q1 24 | $255.0M | $598.3M |
| Q4 25 | $7.6B | $7.0B | ||
| Q3 25 | $7.6B | $7.1B | ||
| Q2 25 | $6.7B | $7.2B | ||
| Q1 25 | $9.0B | $7.0B | ||
| Q4 24 | $9.2B | $7.0B | ||
| Q3 24 | $10.8B | $7.3B | ||
| Q2 24 | $10.9B | $7.3B | ||
| Q1 24 | $11.0B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | 12.74× | 5.62× | ||
| Q2 24 | 16.28× | 6.81× | ||
| Q1 24 | 21.53× | 7.49× |
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 | $244.0M | $293.6M |
| Free Cash FlowOCF − Capex | $191.0M | $257.7M |
| FCF MarginFCF / Revenue | 7.1% | 18.5% |
| Capex IntensityCapex / Revenue | 2.0% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $244.0M | $293.6M | ||
| Q3 25 | $4.0M | $165.9M | ||
| Q2 25 | $86.0M | $136.6M | ||
| Q1 25 | $-60.0M | $31.9M | ||
| Q4 24 | $212.0M | $244.2M | ||
| Q3 24 | $20.0M | $170.5M | ||
| Q2 24 | $267.0M | $188.2M | ||
| Q1 24 | $26.0M | $125.1M |
| Q4 25 | $191.0M | $257.7M | ||
| Q3 25 | $-27.0M | $119.6M | ||
| Q2 25 | $48.0M | $93.2M | ||
| Q1 25 | $-94.0M | $-12.0M | ||
| Q4 24 | $150.0M | $185.1M | ||
| Q3 24 | $-23.0M | $115.2M | ||
| Q2 24 | $213.0M | $129.5M | ||
| Q1 24 | $-14.0M | $78.0M |
| Q4 25 | 7.1% | 18.5% | ||
| Q3 25 | -1.2% | 8.9% | ||
| Q2 25 | 2.1% | 7.0% | ||
| Q1 25 | -4.5% | -0.9% | ||
| Q4 24 | 5.1% | 13.6% | ||
| Q3 24 | -1.0% | 8.6% | ||
| Q2 24 | 8.8% | 9.7% | ||
| Q1 24 | -0.6% | 5.9% |
| Q4 25 | 2.0% | 2.6% | ||
| Q3 25 | 1.4% | 3.4% | ||
| Q2 25 | 1.7% | 3.3% | ||
| Q1 25 | 1.6% | 3.5% | ||
| Q4 24 | 2.1% | 4.4% | ||
| Q3 24 | 1.8% | 4.1% | ||
| Q2 24 | 2.2% | 4.4% | ||
| Q1 24 | 1.7% | 3.6% |
| Q4 25 | — | 6.70× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 13.35× | 1.91× | ||
| Q1 24 | — | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
