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

Sempra is the larger business by last-quarter revenue ($3.3B vs $2.7B, roughly 1.2× QVC Group, Inc.). Sempra runs the higher net margin — 10.7% vs -1.4%, a 12.1% gap on every dollar of revenue. On growth, Sempra posted the faster year-over-year revenue change (6.9% vs -9.1%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $-2.2B). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs -5.8%).

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

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.

QVCGA vs SRE — Head-to-Head

Bigger by revenue
SRE
SRE
1.2× larger
SRE
$3.3B
$2.7B
QVCGA
Growing faster (revenue YoY)
SRE
SRE
+16.0% gap
SRE
6.9%
-9.1%
QVCGA
Higher net margin
SRE
SRE
12.1% more per $
SRE
10.7%
-1.4%
QVCGA
More free cash flow
QVCGA
QVCGA
$2.4B more FCF
QVCGA
$191.0M
$-2.2B
SRE
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
-5.8%
SRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCGA
QVCGA
SRE
SRE
Revenue
$2.7B
$3.3B
Net Profit
$-37.0M
$352.0M
Gross Margin
32.9%
Operating Margin
3.7%
7.2%
Net Margin
-1.4%
10.7%
Revenue YoY
-9.1%
6.9%
Net Profit YoY
97.1%
-47.9%
EPS (diluted)
$-17.37
$0.53

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
SRE
SRE
Q4 25
$2.7B
$3.3B
Q3 25
$2.2B
$2.8B
Q2 25
$2.2B
$2.7B
Q1 25
$2.1B
$3.7B
Q4 24
$2.9B
$3.1B
Q3 24
$2.3B
$2.6B
Q2 24
$2.4B
$2.5B
Q1 24
$2.3B
$3.7B
Net Profit
QVCGA
QVCGA
SRE
SRE
Q4 25
$-37.0M
$352.0M
Q3 25
$-80.0M
$95.0M
Q2 25
$-2.2B
$473.0M
Q1 25
$-100.0M
$917.0M
Q4 24
$-1.3B
$676.0M
Q3 24
$-23.0M
$649.0M
Q2 24
$20.0M
$725.0M
Q1 24
$-1.0M
$812.0M
Gross Margin
QVCGA
QVCGA
SRE
SRE
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
SRE
SRE
Q4 25
3.7%
7.2%
Q3 25
2.7%
10.6%
Q2 25
-101.6%
17.3%
Q1 25
0.7%
21.5%
Q4 24
-43.2%
35.0%
Q3 24
6.5%
12.9%
Q2 24
6.9%
18.8%
Q1 24
6.2%
22.7%
Net Margin
QVCGA
QVCGA
SRE
SRE
Q4 25
-1.4%
10.7%
Q3 25
-3.6%
3.4%
Q2 25
-99.4%
17.5%
Q1 25
-4.8%
24.9%
Q4 24
-43.7%
22.0%
Q3 24
-1.0%
25.3%
Q2 24
0.8%
29.2%
Q1 24
-0.0%
22.0%
EPS (diluted)
QVCGA
QVCGA
SRE
SRE
Q4 25
$-17.37
$0.53
Q3 25
$-9.89
$0.12
Q2 25
$-275.46
$0.71
Q1 25
$-0.25
$1.39
Q4 24
$1.04
Q3 24
$-0.06
$1.00
Q2 24
$2.57
$1.12
Q1 24
$1.26

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
SRE
SRE
Cash + ST InvestmentsLiquidity on hand
$2.0B
$29.0M
Total DebtLower is stronger
$790.0M
$29.0B
Stockholders' EquityBook value
$-3.1B
$31.6B
Total Assets
$7.6B
$110.9B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
SRE
SRE
Q4 25
$2.0B
$29.0M
Q3 25
$1.8B
$5.0M
Q2 25
$897.0M
$155.0M
Q1 25
$833.0M
$1.7B
Q4 24
$905.0M
$1.6B
Q3 24
$873.0M
$560.0M
Q2 24
$1.2B
$228.0M
Q1 24
$1.1B
$606.0M
Total Debt
QVCGA
QVCGA
SRE
SRE
Q4 25
$790.0M
$29.0B
Q3 25
$5.9B
$29.0B
Q2 25
$4.9B
$34.9B
Q1 25
$5.0B
$33.3B
Q4 24
$4.1B
$31.6B
Q3 24
$5.1B
$31.0B
Q2 24
$5.3B
$29.0B
Q1 24
$5.5B
$29.5B
Stockholders' Equity
QVCGA
QVCGA
SRE
SRE
Q4 25
$-3.1B
$31.6B
Q3 25
$-3.1B
$31.2B
Q2 25
$-3.0B
$31.7B
Q1 25
$-981.0M
$31.6B
Q4 24
$-971.0M
$31.2B
Q3 24
$397.0M
$29.7B
Q2 24
$328.0M
$29.5B
Q1 24
$255.0M
$29.1B
Total Assets
QVCGA
QVCGA
SRE
SRE
Q4 25
$7.6B
$110.9B
Q3 25
$7.6B
$106.9B
Q2 25
$6.7B
$99.9B
Q1 25
$9.0B
$99.0B
Q4 24
$9.2B
$96.2B
Q3 24
$10.8B
$93.7B
Q2 24
$10.9B
$90.5B
Q1 24
$11.0B
$89.6B
Debt / Equity
QVCGA
QVCGA
SRE
SRE
Q4 25
0.92×
Q3 25
0.93×
Q2 25
1.10×
Q1 25
1.05×
Q4 24
1.01×
Q3 24
12.74×
1.04×
Q2 24
16.28×
0.98×
Q1 24
21.53×
1.01×

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
SRE
SRE
Operating Cash FlowLast quarter
$244.0M
$1.2B
Free Cash FlowOCF − Capex
$191.0M
$-2.2B
FCF MarginFCF / Revenue
7.1%
-67.7%
Capex IntensityCapex / Revenue
2.0%
104.0%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$118.0M
$-6.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCGA
QVCGA
SRE
SRE
Q4 25
$244.0M
$1.2B
Q3 25
$4.0M
$1.1B
Q2 25
$86.0M
$784.0M
Q1 25
$-60.0M
$1.5B
Q4 24
$212.0M
$1.4B
Q3 24
$20.0M
$1.0B
Q2 24
$267.0M
$669.0M
Q1 24
$26.0M
$1.9B
Free Cash Flow
QVCGA
QVCGA
SRE
SRE
Q4 25
$191.0M
$-2.2B
Q3 25
$-27.0M
$-1.5B
Q2 25
$48.0M
$-1.5B
Q1 25
$-94.0M
$-854.0M
Q4 24
$150.0M
$-1.1B
Q3 24
$-23.0M
$-913.0M
Q2 24
$213.0M
$-1.2B
Q1 24
$-14.0M
$-82.0M
FCF Margin
QVCGA
QVCGA
SRE
SRE
Q4 25
7.1%
-67.7%
Q3 25
-1.2%
-52.6%
Q2 25
2.1%
-56.3%
Q1 25
-4.5%
-23.2%
Q4 24
5.1%
-35.4%
Q3 24
-1.0%
-35.5%
Q2 24
8.8%
-49.4%
Q1 24
-0.6%
-2.2%
Capex Intensity
QVCGA
QVCGA
SRE
SRE
Q4 25
2.0%
104.0%
Q3 25
1.4%
92.9%
Q2 25
1.7%
85.3%
Q1 25
1.6%
63.5%
Q4 24
2.1%
79.9%
Q3 24
1.8%
75.3%
Q2 24
2.2%
76.4%
Q1 24
1.7%
52.3%
Cash Conversion
QVCGA
QVCGA
SRE
SRE
Q4 25
3.38×
Q3 25
11.68×
Q2 25
1.66×
Q1 25
1.62×
Q4 24
2.02×
Q3 24
1.57×
Q2 24
13.35×
0.92×
Q1 24
2.28×

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%

SRE
SRE

Segment breakdown not available.

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