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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and SELECT MEDICAL HOLDINGS CORP (SEM). 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× SELECT MEDICAL HOLDINGS CORP). SELECT MEDICAL HOLDINGS CORP runs the higher net margin — 4.5% vs -1.4%, a 5.9% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs -9.1%). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs 5.3%).

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

Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.

QVCGA vs SEM — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.9× larger
QVCGA
$2.7B
$1.4B
SEM
Growing faster (revenue YoY)
SEM
SEM
+14.2% gap
SEM
5.0%
-9.1%
QVCGA
Higher net margin
SEM
SEM
5.9% more per $
SEM
4.5%
-1.4%
QVCGA
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
5.3%
SEM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
QVCGA
QVCGA
SEM
SEM
Revenue
$2.7B
$1.4B
Net Profit
$-37.0M
$63.8M
Gross Margin
32.9%
Operating Margin
3.7%
6.9%
Net Margin
-1.4%
4.5%
Revenue YoY
-9.1%
5.0%
Net Profit YoY
97.1%
-14.7%
EPS (diluted)
$-17.37
$0.35

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
SEM
SEM
Q1 26
$1.4B
Q4 25
$2.7B
$1.4B
Q3 25
$2.2B
$1.4B
Q2 25
$2.2B
$1.3B
Q1 25
$2.1B
$1.4B
Q4 24
$2.9B
$1.3B
Q3 24
$2.3B
$1.3B
Q2 24
$2.4B
$1.3B
Net Profit
QVCGA
QVCGA
SEM
SEM
Q1 26
$63.8M
Q4 25
$-37.0M
$20.2M
Q3 25
$-80.0M
$28.8M
Q2 25
$-2.2B
$40.6M
Q1 25
$-100.0M
$56.7M
Q4 24
$-1.3B
$-16.1M
Q3 24
$-23.0M
$55.6M
Q2 24
$20.0M
$77.6M
Gross Margin
QVCGA
QVCGA
SEM
SEM
Q1 26
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%
Operating Margin
QVCGA
QVCGA
SEM
SEM
Q1 26
6.9%
Q4 25
3.7%
4.6%
Q3 25
2.7%
5.4%
Q2 25
-101.6%
6.5%
Q1 25
0.7%
8.3%
Q4 24
-43.2%
1.6%
Q3 24
6.5%
4.3%
Q2 24
6.9%
5.8%
Net Margin
QVCGA
QVCGA
SEM
SEM
Q1 26
4.5%
Q4 25
-1.4%
1.4%
Q3 25
-3.6%
2.1%
Q2 25
-99.4%
3.0%
Q1 25
-4.8%
4.2%
Q4 24
-43.7%
-1.2%
Q3 24
-1.0%
4.4%
Q2 24
0.8%
6.1%
EPS (diluted)
QVCGA
QVCGA
SEM
SEM
Q1 26
$0.35
Q4 25
$-17.37
$0.17
Q3 25
$-9.89
$0.23
Q2 25
$-275.46
$0.32
Q1 25
$-0.25
$0.44
Q4 24
$-0.12
Q3 24
$-0.06
$0.43
Q2 24
$2.57
$0.60

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
SEM
SEM
Cash + ST InvestmentsLiquidity on hand
$2.0B
$25.7M
Total DebtLower is stronger
$790.0M
$1.8B
Stockholders' EquityBook value
$-3.1B
$2.1B
Total Assets
$7.6B
$6.0B
Debt / EquityLower = less leverage
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
SEM
SEM
Q1 26
$25.7M
Q4 25
$2.0B
$26.5M
Q3 25
$1.8B
$60.1M
Q2 25
$897.0M
$52.3M
Q1 25
$833.0M
$53.2M
Q4 24
$905.0M
$59.7M
Q3 24
$873.0M
$191.5M
Q2 24
$1.2B
$111.2M
Total Debt
QVCGA
QVCGA
SEM
SEM
Q1 26
$1.8B
Q4 25
$790.0M
$1.8B
Q3 25
$5.9B
$1.7B
Q2 25
$4.9B
$1.8B
Q1 25
$5.0B
$1.8B
Q4 24
$4.1B
$1.7B
Q3 24
$5.1B
$3.1B
Q2 24
$5.3B
$3.6B
Stockholders' Equity
QVCGA
QVCGA
SEM
SEM
Q1 26
$2.1B
Q4 25
$-3.1B
$1.7B
Q3 25
$-3.1B
$1.7B
Q2 25
$-3.0B
$1.7B
Q1 25
$-981.0M
$1.7B
Q4 24
$-971.0M
$1.7B
Q3 24
$397.0M
$1.9B
Q2 24
$328.0M
$1.4B
Total Assets
QVCGA
QVCGA
SEM
SEM
Q1 26
$6.0B
Q4 25
$7.6B
$5.9B
Q3 25
$7.6B
$5.7B
Q2 25
$6.7B
$5.7B
Q1 25
$9.0B
$5.7B
Q4 24
$9.2B
$5.6B
Q3 24
$10.8B
$8.0B
Q2 24
$10.9B
$7.9B
Debt / Equity
QVCGA
QVCGA
SEM
SEM
Q1 26
0.88×
Q4 25
1.06×
Q3 25
1.03×
Q2 25
1.10×
Q1 25
1.03×
Q4 24
1.01×
Q3 24
12.74×
1.62×
Q2 24
16.28×
2.54×

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
SEM
SEM
Operating Cash FlowLast quarter
$244.0M
Free Cash FlowOCF − Capex
$191.0M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$118.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCGA
QVCGA
SEM
SEM
Q1 26
Q4 25
$244.0M
$64.3M
Q3 25
$4.0M
$175.3M
Q2 25
$86.0M
$110.3M
Q1 25
$-60.0M
$-3.5M
Q4 24
$212.0M
$125.4M
Q3 24
$20.0M
$181.0M
Q2 24
$267.0M
$278.2M
Free Cash Flow
QVCGA
QVCGA
SEM
SEM
Q1 26
Q4 25
$191.0M
$5.2M
Q3 25
$-27.0M
$122.2M
Q2 25
$48.0M
$45.6M
Q1 25
$-94.0M
$-55.8M
Q4 24
$150.0M
$62.0M
Q3 24
$-23.0M
$130.3M
Q2 24
$213.0M
$222.6M
FCF Margin
QVCGA
QVCGA
SEM
SEM
Q1 26
Q4 25
7.1%
0.4%
Q3 25
-1.2%
9.0%
Q2 25
2.1%
3.4%
Q1 25
-4.5%
-4.1%
Q4 24
5.1%
4.7%
Q3 24
-1.0%
10.2%
Q2 24
8.8%
17.4%
Capex Intensity
QVCGA
QVCGA
SEM
SEM
Q1 26
Q4 25
2.0%
4.2%
Q3 25
1.4%
3.9%
Q2 25
1.7%
4.8%
Q1 25
1.6%
3.9%
Q4 24
2.1%
4.8%
Q3 24
1.8%
4.0%
Q2 24
2.2%
4.3%
Cash Conversion
QVCGA
QVCGA
SEM
SEM
Q1 26
Q4 25
3.19×
Q3 25
6.09×
Q2 25
2.72×
Q1 25
-0.06×
Q4 24
Q3 24
3.25×
Q2 24
13.35×
3.59×

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%

SEM
SEM

Segment breakdown not available.

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