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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and TE Connectivity (TEL). Click either name above to swap in a different company.
TE Connectivity is the larger business by last-quarter revenue ($4.7B vs $2.7B, roughly 1.7× QVC Group, Inc.). TE Connectivity runs the higher net margin — 16.1% vs -1.4%, a 17.4% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (21.7% vs -9.1%). TE Connectivity produced more free cash flow last quarter ($607.0M vs $191.0M). Over the past eight quarters, TE Connectivity's revenue compounded faster (8.5% 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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
QVCGA vs TEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $4.7B |
| Net Profit | $-37.0M | $750.0M |
| Gross Margin | 32.9% | 37.2% |
| Operating Margin | 3.7% | 20.6% |
| Net Margin | -1.4% | 16.1% |
| Revenue YoY | -9.1% | 21.7% |
| Net Profit YoY | 97.1% | 42.0% |
| EPS (diluted) | $-17.37 | $2.53 |
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.
| Q4 25 | $2.7B | $4.7B | ||
| Q3 25 | $2.2B | $4.7B | ||
| Q2 25 | $2.2B | $4.5B | ||
| Q1 25 | $2.1B | $4.1B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $2.3B | $4.1B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.3B | $4.0B |
| Q4 25 | $-37.0M | $750.0M | ||
| Q3 25 | $-80.0M | $663.0M | ||
| Q2 25 | $-2.2B | $638.0M | ||
| Q1 25 | $-100.0M | $13.0M | ||
| Q4 24 | $-1.3B | $528.0M | ||
| Q3 24 | $-23.0M | $276.0M | ||
| Q2 24 | $20.0M | $573.0M | ||
| Q1 24 | $-1.0M | $541.0M |
| Q4 25 | 32.9% | 37.2% | ||
| Q3 25 | 34.0% | 35.0% | ||
| Q2 25 | 36.4% | 35.3% | ||
| Q1 25 | 34.2% | 35.2% | ||
| Q4 24 | 33.3% | 35.5% | ||
| Q3 24 | 35.3% | 34.0% | ||
| Q2 24 | 36.4% | 34.8% | ||
| Q1 24 | 35.5% | 34.4% |
| Q4 25 | 3.7% | 20.6% | ||
| Q3 25 | 2.7% | 19.3% | ||
| Q2 25 | -101.6% | 18.9% | ||
| Q1 25 | 0.7% | 18.1% | ||
| Q4 24 | -43.2% | 18.0% | ||
| Q3 24 | 6.5% | 16.0% | ||
| Q2 24 | 6.9% | 19.0% | ||
| Q1 24 | 6.2% | 17.4% |
| Q4 25 | -1.4% | 16.1% | ||
| Q3 25 | -3.6% | 14.0% | ||
| Q2 25 | -99.4% | 14.1% | ||
| Q1 25 | -4.8% | 0.3% | ||
| Q4 24 | -43.7% | 13.8% | ||
| Q3 24 | -1.0% | 6.8% | ||
| Q2 24 | 0.8% | 14.4% | ||
| Q1 24 | -0.0% | 13.6% |
| Q4 25 | $-17.37 | $2.53 | ||
| Q3 25 | $-9.89 | $2.23 | ||
| Q2 25 | $-275.46 | $2.14 | ||
| Q1 25 | $-0.25 | $0.04 | ||
| Q4 24 | — | $1.75 | ||
| Q3 24 | $-0.06 | $0.96 | ||
| Q2 24 | $2.57 | $1.86 | ||
| Q1 24 | — | $1.75 |
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 | $1.3B |
| Total DebtLower is stronger | $790.0M | — |
| Stockholders' EquityBook value | $-3.1B | $13.0B |
| Total Assets | $7.6B | $25.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $897.0M | $672.0M | ||
| Q1 25 | $833.0M | $2.6B | ||
| Q4 24 | $905.0M | $1.3B | ||
| Q3 24 | $873.0M | $1.3B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.1B | $1.2B |
| Q4 25 | $790.0M | — | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | $-3.1B | $13.0B | ||
| Q3 25 | $-3.1B | $12.6B | ||
| Q2 25 | $-3.0B | $12.4B | ||
| Q1 25 | $-981.0M | $12.1B | ||
| Q4 24 | $-971.0M | $12.4B | ||
| Q3 24 | $397.0M | $12.4B | ||
| Q2 24 | $328.0M | $12.6B | ||
| Q1 24 | $255.0M | $12.4B |
| Q4 25 | $7.6B | $25.6B | ||
| Q3 25 | $7.6B | $25.1B | ||
| Q2 25 | $6.7B | $24.9B | ||
| Q1 25 | $9.0B | $23.7B | ||
| Q4 24 | $9.2B | $22.4B | ||
| Q3 24 | $10.8B | $22.9B | ||
| Q2 24 | $10.9B | $22.9B | ||
| Q1 24 | $11.0B | $22.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.74× | — | ||
| Q2 24 | 16.28× | — | ||
| Q1 24 | 21.53× | — |
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 | $865.0M |
| Free Cash FlowOCF − Capex | $191.0M | $607.0M |
| FCF MarginFCF / Revenue | 7.1% | 13.0% |
| Capex IntensityCapex / Revenue | 2.0% | 5.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | $3.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $244.0M | $865.0M | ||
| Q3 25 | $4.0M | $1.4B | ||
| Q2 25 | $86.0M | $1.2B | ||
| Q1 25 | $-60.0M | $653.0M | ||
| Q4 24 | $212.0M | $878.0M | ||
| Q3 24 | $20.0M | $1.0B | ||
| Q2 24 | $267.0M | $1.0B | ||
| Q1 24 | $26.0M | $710.0M |
| Q4 25 | $191.0M | $607.0M | ||
| Q3 25 | $-27.0M | $1.1B | ||
| Q2 25 | $48.0M | $957.0M | ||
| Q1 25 | $-94.0M | $423.0M | ||
| Q4 24 | $150.0M | $673.0M | ||
| Q3 24 | $-23.0M | $829.0M | ||
| Q2 24 | $213.0M | $857.0M | ||
| Q1 24 | $-14.0M | $543.0M |
| Q4 25 | 7.1% | 13.0% | ||
| Q3 25 | -1.2% | 24.2% | ||
| Q2 25 | 2.1% | 21.1% | ||
| Q1 25 | -4.5% | 10.2% | ||
| Q4 24 | 5.1% | 17.5% | ||
| Q3 24 | -1.0% | 20.4% | ||
| Q2 24 | 8.8% | 21.5% | ||
| Q1 24 | -0.6% | 13.7% |
| Q4 25 | 2.0% | 5.5% | ||
| Q3 25 | 1.4% | 5.7% | ||
| Q2 25 | 1.7% | 5.1% | ||
| Q1 25 | 1.6% | 5.6% | ||
| Q4 24 | 2.1% | 5.3% | ||
| Q3 24 | 1.8% | 5.2% | ||
| Q2 24 | 2.2% | 3.7% | ||
| Q1 24 | 1.7% | 4.2% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 50.23× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | 3.78× | ||
| Q2 24 | 13.35× | 1.76× | ||
| Q1 24 | — | 1.31× |
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% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
