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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and Solventum (SOLV). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $2.0B, roughly 1.3× Solventum). Solventum runs the higher net margin — 3.2% vs -1.4%, a 4.5% gap on every dollar of revenue. On growth, Solventum posted the faster year-over-year revenue change (-3.7% vs -9.1%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $32.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs -0.4%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Solventum Corporation is an American health care company that was spun off from 3M on April 1, 2024.
QVCGA vs SOLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $2.0B |
| Net Profit | $-37.0M | $63.0M |
| Gross Margin | 32.9% | 51.4% |
| Operating Margin | 3.7% | 6.3% |
| Net Margin | -1.4% | 3.2% |
| Revenue YoY | -9.1% | -3.7% |
| Net Profit YoY | 97.1% | 103.2% |
| EPS (diluted) | $-17.37 | $0.37 |
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 | $2.0B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.3B | $2.0B |
| Q4 25 | $-37.0M | $63.0M | ||
| Q3 25 | $-80.0M | $1.3B | ||
| Q2 25 | $-2.2B | $90.0M | ||
| Q1 25 | $-100.0M | $137.0M | ||
| Q4 24 | $-1.3B | $31.0M | ||
| Q3 24 | $-23.0M | $122.0M | ||
| Q2 24 | $20.0M | $89.0M | ||
| Q1 24 | $-1.0M | $237.0M |
| Q4 25 | 32.9% | 51.4% | ||
| Q3 25 | 34.0% | 54.2% | ||
| Q2 25 | 36.4% | 54.4% | ||
| Q1 25 | 34.2% | 53.8% | ||
| Q4 24 | 33.3% | 53.9% | ||
| Q3 24 | 35.3% | 56.0% | ||
| Q2 24 | 36.4% | 54.6% | ||
| Q1 24 | 35.5% | 58.1% |
| Q4 25 | 3.7% | 6.3% | ||
| Q3 25 | 2.7% | 80.6% | ||
| Q2 25 | -101.6% | 9.9% | ||
| Q1 25 | 0.7% | 7.3% | ||
| Q4 24 | -43.2% | 6.6% | ||
| Q3 24 | 6.5% | 13.2% | ||
| Q2 24 | 6.9% | 11.7% | ||
| Q1 24 | 6.2% | 18.9% |
| Q4 25 | -1.4% | 3.2% | ||
| Q3 25 | -3.6% | 60.4% | ||
| Q2 25 | -99.4% | 4.2% | ||
| Q1 25 | -4.8% | 6.6% | ||
| Q4 24 | -43.7% | 1.5% | ||
| Q3 24 | -1.0% | 5.9% | ||
| Q2 24 | 0.8% | 4.3% | ||
| Q1 24 | -0.0% | 11.8% |
| Q4 25 | $-17.37 | $0.37 | ||
| Q3 25 | $-9.89 | $7.22 | ||
| Q2 25 | $-275.46 | $0.51 | ||
| Q1 25 | $-0.25 | $0.78 | ||
| Q4 24 | — | $0.18 | ||
| Q3 24 | $-0.06 | $0.70 | ||
| Q2 24 | $2.57 | $0.51 | ||
| Q1 24 | — | $1.37 |
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 | $878.0M |
| Total DebtLower is stronger | $790.0M | $5.0B |
| Stockholders' EquityBook value | $-3.1B | $5.0B |
| Total Assets | $7.6B | $14.3B |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $878.0M | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $897.0M | $492.0M | ||
| Q1 25 | $833.0M | $534.0M | ||
| Q4 24 | $905.0M | $762.0M | ||
| Q3 24 | $873.0M | $772.0M | ||
| Q2 24 | $1.2B | $897.0M | ||
| Q1 24 | $1.1B | $996.0M |
| Q4 25 | $790.0M | $5.0B | ||
| Q3 25 | $5.9B | $5.1B | ||
| Q2 25 | $4.9B | $7.8B | ||
| Q1 25 | $5.0B | $7.9B | ||
| Q4 24 | $4.1B | $8.0B | ||
| Q3 24 | $5.1B | $8.1B | ||
| Q2 24 | $5.3B | $8.3B | ||
| Q1 24 | $5.5B | $8.3B |
| Q4 25 | $-3.1B | $5.0B | ||
| Q3 25 | $-3.1B | $5.0B | ||
| Q2 25 | $-3.0B | $3.6B | ||
| Q1 25 | $-981.0M | $3.3B | ||
| Q4 24 | $-971.0M | $3.0B | ||
| Q3 24 | $397.0M | $3.2B | ||
| Q2 24 | $328.0M | $2.9B | ||
| Q1 24 | $255.0M | $3.9B |
| Q4 25 | $7.6B | $14.3B | ||
| Q3 25 | $7.6B | $14.0B | ||
| Q2 25 | $6.7B | $15.1B | ||
| Q1 25 | $9.0B | $14.5B | ||
| Q4 24 | $9.2B | $14.5B | ||
| Q3 24 | $10.8B | $14.7B | ||
| Q2 24 | $10.9B | $14.6B | ||
| Q1 24 | $11.0B | $14.7B |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | 12.74× | 2.54× | ||
| Q2 24 | 16.28× | 2.90× | ||
| Q1 24 | 21.53× | 2.16× |
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 | $95.0M |
| Free Cash FlowOCF − Capex | $191.0M | $32.0M |
| FCF MarginFCF / Revenue | 7.1% | 1.6% |
| Capex IntensityCapex / Revenue | 2.0% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | $-10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $244.0M | $95.0M | ||
| Q3 25 | $4.0M | $76.0M | ||
| Q2 25 | $86.0M | $169.0M | ||
| Q1 25 | $-60.0M | $29.0M | ||
| Q4 24 | $212.0M | $219.0M | ||
| Q3 24 | $20.0M | $169.0M | ||
| Q2 24 | $267.0M | $355.0M | ||
| Q1 24 | $26.0M | $442.0M |
| Q4 25 | $191.0M | $32.0M | ||
| Q3 25 | $-27.0M | $-21.0M | ||
| Q2 25 | $48.0M | $59.0M | ||
| Q1 25 | $-94.0M | $-80.0M | ||
| Q4 24 | $150.0M | $92.0M | ||
| Q3 24 | $-23.0M | $76.0M | ||
| Q2 24 | $213.0M | $297.0M | ||
| Q1 24 | $-14.0M | $340.0M |
| Q4 25 | 7.1% | 1.6% | ||
| Q3 25 | -1.2% | -1.0% | ||
| Q2 25 | 2.1% | 2.7% | ||
| Q1 25 | -4.5% | -3.9% | ||
| Q4 24 | 5.1% | 4.4% | ||
| Q3 24 | -1.0% | 3.7% | ||
| Q2 24 | 8.8% | 14.3% | ||
| Q1 24 | -0.6% | 16.9% |
| Q4 25 | 2.0% | 3.2% | ||
| Q3 25 | 1.4% | 4.6% | ||
| Q2 25 | 1.7% | 5.1% | ||
| Q1 25 | 1.6% | 5.3% | ||
| Q4 24 | 2.1% | 6.1% | ||
| Q3 24 | 1.8% | 4.5% | ||
| Q2 24 | 2.2% | 2.8% | ||
| Q1 24 | 1.7% | 5.1% |
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 7.06× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | 13.35× | 3.99× | ||
| Q1 24 | — | 1.86× |
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% |
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
