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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.7B, roughly 1.2× QVC Group, Inc.). Molson Coors Beverage Company runs the higher net margin — 7.6% vs -1.4%, a 9.0% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (-3.6% vs -9.1%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $191.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs 1.2%).

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

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

QVCGA vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.2× larger
TAP
$3.1B
$2.7B
QVCGA
Growing faster (revenue YoY)
TAP
TAP
+5.5% gap
TAP
-3.6%
-9.1%
QVCGA
Higher net margin
TAP
TAP
9.0% more per $
TAP
7.6%
-1.4%
QVCGA
More free cash flow
TAP
TAP
$166.8M more FCF
TAP
$357.8M
$191.0M
QVCGA
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCGA
QVCGA
TAP
TAP
Revenue
$2.7B
$3.1B
Net Profit
$-37.0M
$238.3M
Gross Margin
32.9%
31.0%
Operating Margin
3.7%
10.4%
Net Margin
-1.4%
7.6%
Revenue YoY
-9.1%
-3.6%
Net Profit YoY
97.1%
-17.2%
EPS (diluted)
$-17.37
$1.32

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
TAP
TAP
Q4 25
$2.7B
$3.1B
Q3 25
$2.2B
$3.5B
Q2 25
$2.2B
$3.7B
Q1 25
$2.1B
$2.7B
Q4 24
$2.9B
$3.2B
Q3 24
$2.3B
$3.6B
Q2 24
$2.4B
$3.8B
Q1 24
$2.3B
$3.0B
Net Profit
QVCGA
QVCGA
TAP
TAP
Q4 25
$-37.0M
$238.3M
Q3 25
$-80.0M
$-2.9B
Q2 25
$-2.2B
$428.7M
Q1 25
$-100.0M
$121.0M
Q4 24
$-1.3B
$287.8M
Q3 24
$-23.0M
$199.8M
Q2 24
$20.0M
$427.0M
Q1 24
$-1.0M
$207.8M
Gross Margin
QVCGA
QVCGA
TAP
TAP
Q4 25
32.9%
31.0%
Q3 25
34.0%
33.7%
Q2 25
36.4%
34.3%
Q1 25
34.2%
31.6%
Q4 24
33.3%
32.0%
Q3 24
35.3%
33.4%
Q2 24
36.4%
34.6%
Q1 24
35.5%
31.6%
Operating Margin
QVCGA
QVCGA
TAP
TAP
Q4 25
3.7%
10.4%
Q3 25
2.7%
-98.5%
Q2 25
-101.6%
15.6%
Q1 25
0.7%
6.9%
Q4 24
-43.2%
12.0%
Q3 24
6.5%
12.5%
Q2 24
6.9%
15.6%
Q1 24
6.2%
10.3%
Net Margin
QVCGA
QVCGA
TAP
TAP
Q4 25
-1.4%
7.6%
Q3 25
-3.6%
-84.0%
Q2 25
-99.4%
11.5%
Q1 25
-4.8%
4.5%
Q4 24
-43.7%
8.9%
Q3 24
-1.0%
5.5%
Q2 24
0.8%
11.1%
Q1 24
-0.0%
6.8%
EPS (diluted)
QVCGA
QVCGA
TAP
TAP
Q4 25
$-17.37
$1.32
Q3 25
$-9.89
$-14.79
Q2 25
$-275.46
$2.13
Q1 25
$-0.25
$0.59
Q4 24
$1.39
Q3 24
$-0.06
$0.96
Q2 24
$2.57
$2.03
Q1 24
$0.97

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$2.0B
$896.5M
Total DebtLower is stronger
$790.0M
$6.3B
Stockholders' EquityBook value
$-3.1B
$10.2B
Total Assets
$7.6B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
TAP
TAP
Q4 25
$2.0B
$896.5M
Q3 25
$1.8B
$950.2M
Q2 25
$897.0M
$613.8M
Q1 25
$833.0M
$412.7M
Q4 24
$905.0M
$969.3M
Q3 24
$873.0M
$1.0B
Q2 24
$1.2B
$1.6B
Q1 24
$1.1B
$458.4M
Total Debt
QVCGA
QVCGA
TAP
TAP
Q4 25
$790.0M
$6.3B
Q3 25
$5.9B
$6.3B
Q2 25
$4.9B
$6.3B
Q1 25
$5.0B
$6.2B
Q4 24
$4.1B
$6.1B
Q3 24
$5.1B
$6.2B
Q2 24
$5.3B
$7.0B
Q1 24
$5.5B
$6.2B
Stockholders' Equity
QVCGA
QVCGA
TAP
TAP
Q4 25
$-3.1B
$10.2B
Q3 25
$-3.1B
$10.3B
Q2 25
$-3.0B
$13.4B
Q1 25
$-981.0M
$13.1B
Q4 24
$-971.0M
$13.1B
Q3 24
$397.0M
$13.3B
Q2 24
$328.0M
$13.2B
Q1 24
$255.0M
$13.1B
Total Assets
QVCGA
QVCGA
TAP
TAP
Q4 25
$7.6B
$22.7B
Q3 25
$7.6B
$22.9B
Q2 25
$6.7B
$26.8B
Q1 25
$9.0B
$25.9B
Q4 24
$9.2B
$26.1B
Q3 24
$10.8B
$26.6B
Q2 24
$10.9B
$27.4B
Q1 24
$11.0B
$26.1B
Debt / Equity
QVCGA
QVCGA
TAP
TAP
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
12.74×
0.47×
Q2 24
16.28×
0.53×
Q1 24
21.53×
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$244.0M
$540.7M
Free Cash FlowOCF − Capex
$191.0M
$357.8M
FCF MarginFCF / Revenue
7.1%
11.4%
Capex IntensityCapex / Revenue
2.0%
5.9%
Cash ConversionOCF / Net Profit
2.27×
TTM Free Cash FlowTrailing 4 quarters
$118.0M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCGA
QVCGA
TAP
TAP
Q4 25
$244.0M
$540.7M
Q3 25
$4.0M
$616.1M
Q2 25
$86.0M
$718.3M
Q1 25
$-60.0M
$-90.7M
Q4 24
$212.0M
$494.5M
Q3 24
$20.0M
$521.2M
Q2 24
$267.0M
$869.2M
Q1 24
$26.0M
$25.4M
Free Cash Flow
QVCGA
QVCGA
TAP
TAP
Q4 25
$191.0M
$357.8M
Q3 25
$-27.0M
$483.0M
Q2 25
$48.0M
$555.0M
Q1 25
$-94.0M
$-328.0M
Q4 24
$150.0M
$383.4M
Q3 24
$-23.0M
$350.4M
Q2 24
$213.0M
$691.7M
Q1 24
$-14.0M
$-189.3M
FCF Margin
QVCGA
QVCGA
TAP
TAP
Q4 25
7.1%
11.4%
Q3 25
-1.2%
13.9%
Q2 25
2.1%
14.8%
Q1 25
-4.5%
-12.2%
Q4 24
5.1%
11.8%
Q3 24
-1.0%
9.7%
Q2 24
8.8%
18.0%
Q1 24
-0.6%
-6.2%
Capex Intensity
QVCGA
QVCGA
TAP
TAP
Q4 25
2.0%
5.9%
Q3 25
1.4%
3.8%
Q2 25
1.7%
4.4%
Q1 25
1.6%
8.8%
Q4 24
2.1%
3.4%
Q3 24
1.8%
4.7%
Q2 24
2.2%
4.6%
Q1 24
1.7%
7.0%
Cash Conversion
QVCGA
QVCGA
TAP
TAP
Q4 25
2.27×
Q3 25
Q2 25
1.68×
Q1 25
-0.75×
Q4 24
1.72×
Q3 24
2.61×
Q2 24
13.35×
2.04×
Q1 24
0.12×

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%

TAP
TAP

Segment breakdown not available.

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