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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and SCOTTS MIRACLE-GRO CO (SMG). 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× SCOTTS MIRACLE-GRO CO). SCOTTS MIRACLE-GRO CO runs the higher net margin — 16.3% vs -1.4%, a 17.7% gap on every dollar of revenue. On growth, QVC Group, Inc. posted the faster year-over-year revenue change (-9.1% vs -16.9%). Over the past eight quarters, SCOTTS MIRACLE-GRO CO's revenue compounded faster (10.2% 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.

The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. The company manufactures and sells consumer lawn, garden and pest control products, as well as soilless indoor gardening equipment. In the U.S., the company manufactures Scotts, Miracle-Gro and Ortho brands. It also markets and distributes the herbicide Roundup in the U.S. and several international markets including China.

QVCGA vs SMG — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.8× larger
QVCGA
$2.7B
$1.5B
SMG
Growing faster (revenue YoY)
QVCGA
QVCGA
+7.8% gap
QVCGA
-9.1%
-16.9%
SMG
Higher net margin
SMG
SMG
17.7% more per $
SMG
16.3%
-1.4%
QVCGA
Faster 2-yr revenue CAGR
SMG
SMG
Annualised
SMG
10.2%
6.9%
QVCGA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
QVCGA
QVCGA
SMG
SMG
Revenue
$2.7B
$1.5B
Net Profit
$-37.0M
$238.6M
Gross Margin
32.9%
41.8%
Operating Margin
3.7%
27.5%
Net Margin
-1.4%
16.3%
Revenue YoY
-9.1%
-16.9%
Net Profit YoY
97.1%
61.2%
EPS (diluted)
$-17.37
$-2.00

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
SMG
SMG
Q1 26
$1.5B
Q4 25
$2.7B
$354.4M
Q3 25
$2.2B
$387.3M
Q2 25
$2.2B
$1.2B
Q1 25
$2.1B
$1.4B
Q4 24
$2.9B
$416.8M
Q3 24
$2.3B
$414.7M
Q2 24
$2.4B
$1.2B
Net Profit
QVCGA
QVCGA
SMG
SMG
Q1 26
$238.6M
Q4 25
$-37.0M
$-125.0M
Q3 25
$-80.0M
Q2 25
$-2.2B
$149.1M
Q1 25
$-100.0M
$217.5M
Q4 24
$-1.3B
$-69.5M
Q3 24
$-23.0M
Q2 24
$20.0M
$132.1M
Gross Margin
QVCGA
QVCGA
SMG
SMG
Q1 26
41.8%
Q4 25
32.9%
25.0%
Q3 25
34.0%
6.1%
Q2 25
36.4%
31.8%
Q1 25
34.2%
38.6%
Q4 24
33.3%
22.7%
Q3 24
35.3%
-7.1%
Q2 24
36.4%
29.5%
Operating Margin
QVCGA
QVCGA
SMG
SMG
Q1 26
27.5%
Q4 25
3.7%
-6.2%
Q3 25
2.7%
-38.8%
Q2 25
-101.6%
18.1%
Q1 25
0.7%
24.3%
Q4 24
-43.2%
-12.2%
Q3 24
6.5%
-52.1%
Q2 24
6.9%
16.6%
Net Margin
QVCGA
QVCGA
SMG
SMG
Q1 26
16.3%
Q4 25
-1.4%
-35.3%
Q3 25
-3.6%
Q2 25
-99.4%
12.6%
Q1 25
-4.8%
15.3%
Q4 24
-43.7%
-16.7%
Q3 24
-1.0%
Q2 24
0.8%
11.0%
EPS (diluted)
QVCGA
QVCGA
SMG
SMG
Q1 26
$-2.00
Q4 25
$-17.37
$-2.16
Q3 25
$-9.89
$-2.58
Q2 25
$-275.46
$2.54
Q1 25
$-0.25
$3.72
Q4 24
$-1.21
Q3 24
$-0.06
$-4.21
Q2 24
$2.57
$2.28

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
SMG
SMG
Cash + ST InvestmentsLiquidity on hand
$2.0B
$6.2M
Total DebtLower is stronger
$790.0M
$2.3B
Stockholders' EquityBook value
$-3.1B
Total Assets
$7.6B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
SMG
SMG
Q1 26
$6.2M
Q4 25
$2.0B
$8.3M
Q3 25
$1.8B
$36.6M
Q2 25
$897.0M
$51.1M
Q1 25
$833.0M
$16.9M
Q4 24
$905.0M
$9.8M
Q3 24
$873.0M
$71.6M
Q2 24
$1.2B
$279.9M
Total Debt
QVCGA
QVCGA
SMG
SMG
Q1 26
$2.3B
Q4 25
$790.0M
Q3 25
$5.9B
$2.1B
Q2 25
$4.9B
Q1 25
$5.0B
Q4 24
$4.1B
Q3 24
$5.1B
$2.2B
Q2 24
$5.3B
Stockholders' Equity
QVCGA
QVCGA
SMG
SMG
Q1 26
Q4 25
$-3.1B
$-500.6M
Q3 25
$-3.1B
$-357.5M
Q2 25
$-3.0B
$-170.9M
Q1 25
$-981.0M
$-290.1M
Q4 24
$-971.0M
$-479.5M
Q3 24
$397.0M
$-390.6M
Q2 24
$328.0M
$-146.2M
Total Assets
QVCGA
QVCGA
SMG
SMG
Q1 26
$3.4B
Q4 25
$7.6B
$3.0B
Q3 25
$7.6B
$2.7B
Q2 25
$6.7B
$3.1B
Q1 25
$9.0B
$3.5B
Q4 24
$9.2B
$3.2B
Q3 24
$10.8B
$2.9B
Q2 24
$10.9B
$3.5B
Debt / Equity
QVCGA
QVCGA
SMG
SMG
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.74×
Q2 24
16.28×

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
SMG
SMG
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
SMG
SMG
Q1 26
Q4 25
$244.0M
$-370.4M
Q3 25
$4.0M
$174.1M
Q2 25
$86.0M
$454.4M
Q1 25
$-60.0M
$188.1M
Q4 24
$212.0M
$-445.3M
Q3 24
$20.0M
$118.5M
Q2 24
$267.0M
$588.0M
Free Cash Flow
QVCGA
QVCGA
SMG
SMG
Q1 26
Q4 25
$191.0M
$-390.4M
Q3 25
$-27.0M
$131.2M
Q2 25
$48.0M
$437.5M
Q1 25
$-94.0M
$179.8M
Q4 24
$150.0M
$-474.6M
Q3 24
$-23.0M
$101.9M
Q2 24
$213.0M
$574.8M
FCF Margin
QVCGA
QVCGA
SMG
SMG
Q1 26
Q4 25
7.1%
-110.2%
Q3 25
-1.2%
33.9%
Q2 25
2.1%
36.8%
Q1 25
-4.5%
12.7%
Q4 24
5.1%
-113.9%
Q3 24
-1.0%
24.6%
Q2 24
8.8%
47.8%
Capex Intensity
QVCGA
QVCGA
SMG
SMG
Q1 26
Q4 25
2.0%
5.6%
Q3 25
1.4%
11.1%
Q2 25
1.7%
1.4%
Q1 25
1.6%
0.6%
Q4 24
2.1%
7.0%
Q3 24
1.8%
4.0%
Q2 24
2.2%
1.1%
Cash Conversion
QVCGA
QVCGA
SMG
SMG
Q1 26
Q4 25
Q3 25
Q2 25
3.05×
Q1 25
0.86×
Q4 24
Q3 24
Q2 24
13.35×
4.45×

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%

SMG
SMG

Segment breakdown not available.

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