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

Toll Brothers, Inc. is the larger business by last-quarter revenue ($3.4B vs $2.7B, roughly 1.3× QVC Group, Inc.). Toll Brothers, Inc. runs the higher net margin — 13.0% vs -1.4%, a 14.4% gap on every dollar of revenue. On growth, Toll Brothers, Inc. posted the faster year-over-year revenue change (2.7% vs -9.1%). Toll Brothers, Inc. produced more free cash flow last quarter ($772.2M vs $191.0M). Over the past eight quarters, Toll Brothers, Inc.'s revenue compounded faster (32.6% 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.

Toll Brothers, Inc. is an American homebuilding company that builds, markets, and finances for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the Fortune 500.

QVCGA vs TOL — Head-to-Head

Bigger by revenue
TOL
TOL
1.3× larger
TOL
$3.4B
$2.7B
QVCGA
Growing faster (revenue YoY)
TOL
TOL
+11.8% gap
TOL
2.7%
-9.1%
QVCGA
Higher net margin
TOL
TOL
14.4% more per $
TOL
13.0%
-1.4%
QVCGA
More free cash flow
TOL
TOL
$581.2M more FCF
TOL
$772.2M
$191.0M
QVCGA
Faster 2-yr revenue CAGR
TOL
TOL
Annualised
TOL
32.6%
6.9%
QVCGA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCGA
QVCGA
TOL
TOL
Revenue
$2.7B
$3.4B
Net Profit
$-37.0M
$446.7M
Gross Margin
32.9%
24.8%
Operating Margin
3.7%
16.5%
Net Margin
-1.4%
13.0%
Revenue YoY
-9.1%
2.7%
Net Profit YoY
97.1%
-6.0%
EPS (diluted)
$-17.37
$4.51

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
TOL
TOL
Q4 25
$2.7B
$3.4B
Q3 25
$2.2B
$2.9B
Q2 25
$2.2B
$2.7B
Q1 25
$2.1B
$1.9B
Q4 24
$2.9B
$3.3B
Q3 24
$2.3B
$2.7B
Q2 24
$2.4B
$2.8B
Q1 24
$2.3B
$1.9B
Net Profit
QVCGA
QVCGA
TOL
TOL
Q4 25
$-37.0M
$446.7M
Q3 25
$-80.0M
$369.6M
Q2 25
$-2.2B
$352.4M
Q1 25
$-100.0M
$177.7M
Q4 24
$-1.3B
$475.4M
Q3 24
$-23.0M
$374.6M
Q2 24
$20.0M
$481.6M
Q1 24
$-1.0M
$239.6M
Gross Margin
QVCGA
QVCGA
TOL
TOL
Q4 25
32.9%
24.8%
Q3 25
34.0%
25.2%
Q2 25
36.4%
25.8%
Q1 25
34.2%
24.7%
Q4 24
33.3%
26.4%
Q3 24
35.3%
27.2%
Q2 24
36.4%
30.4%
Q1 24
35.5%
27.6%
Operating Margin
QVCGA
QVCGA
TOL
TOL
Q4 25
3.7%
16.5%
Q3 25
2.7%
16.6%
Q2 25
-101.6%
16.4%
Q1 25
0.7%
11.8%
Q4 24
-43.2%
18.3%
Q3 24
6.5%
18.2%
Q2 24
6.9%
22.0%
Q1 24
6.2%
15.8%
Net Margin
QVCGA
QVCGA
TOL
TOL
Q4 25
-1.4%
13.0%
Q3 25
-3.6%
12.6%
Q2 25
-99.4%
12.9%
Q1 25
-4.8%
9.6%
Q4 24
-43.7%
14.3%
Q3 24
-1.0%
13.7%
Q2 24
0.8%
17.0%
Q1 24
-0.0%
12.3%
EPS (diluted)
QVCGA
QVCGA
TOL
TOL
Q4 25
$-17.37
$4.51
Q3 25
$-9.89
$3.73
Q2 25
$-275.46
$3.50
Q1 25
$-0.25
$1.75
Q4 24
$4.61
Q3 24
$-0.06
$3.60
Q2 24
$2.57
$4.55
Q1 24
$2.25

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
TOL
TOL
Cash + ST InvestmentsLiquidity on hand
$2.0B
$1.3B
Total DebtLower is stronger
$790.0M
Stockholders' EquityBook value
$-3.1B
$8.3B
Total Assets
$7.6B
$14.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
TOL
TOL
Q4 25
$2.0B
$1.3B
Q3 25
$1.8B
$852.3M
Q2 25
$897.0M
$686.5M
Q1 25
$833.0M
$574.8M
Q4 24
$905.0M
$1.3B
Q3 24
$873.0M
$893.4M
Q2 24
$1.2B
$1.0B
Q1 24
$1.1B
$754.8M
Total Debt
QVCGA
QVCGA
TOL
TOL
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
Stockholders' Equity
QVCGA
QVCGA
TOL
TOL
Q4 25
$-3.1B
$8.3B
Q3 25
$-3.1B
$8.1B
Q2 25
$-3.0B
$7.9B
Q1 25
$-981.0M
$7.8B
Q4 24
$-971.0M
$7.7B
Q3 24
$397.0M
$7.4B
Q2 24
$328.0M
$7.3B
Q1 24
$255.0M
$7.0B
Total Assets
QVCGA
QVCGA
TOL
TOL
Q4 25
$7.6B
$14.5B
Q3 25
$7.6B
$14.4B
Q2 25
$6.7B
$14.2B
Q1 25
$9.0B
$13.6B
Q4 24
$9.2B
$13.4B
Q3 24
$10.8B
$13.4B
Q2 24
$10.9B
$13.3B
Q1 24
$11.0B
$12.5B
Debt / Equity
QVCGA
QVCGA
TOL
TOL
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
QVCGA
QVCGA
TOL
TOL
Operating Cash FlowLast quarter
$244.0M
$800.0M
Free Cash FlowOCF − Capex
$191.0M
$772.2M
FCF MarginFCF / Revenue
7.1%
22.6%
Capex IntensityCapex / Revenue
2.0%
0.8%
Cash ConversionOCF / Net Profit
1.79×
TTM Free Cash FlowTrailing 4 quarters
$118.0M
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCGA
QVCGA
TOL
TOL
Q4 25
$244.0M
$800.0M
Q3 25
$4.0M
$370.3M
Q2 25
$86.0M
$362.8M
Q1 25
$-60.0M
$-420.8M
Q4 24
$212.0M
$682.5M
Q3 24
$20.0M
$175.6M
Q2 24
$267.0M
$459.0M
Q1 24
$26.0M
$-307.0M
Free Cash Flow
QVCGA
QVCGA
TOL
TOL
Q4 25
$191.0M
$772.2M
Q3 25
$-27.0M
$344.9M
Q2 25
$48.0M
$347.3M
Q1 25
$-94.0M
$-438.1M
Q4 24
$150.0M
$664.3M
Q3 24
$-23.0M
$149.9M
Q2 24
$213.0M
$442.9M
Q1 24
$-14.0M
$-320.6M
FCF Margin
QVCGA
QVCGA
TOL
TOL
Q4 25
7.1%
22.6%
Q3 25
-1.2%
11.7%
Q2 25
2.1%
12.7%
Q1 25
-4.5%
-23.6%
Q4 24
5.1%
19.9%
Q3 24
-1.0%
5.5%
Q2 24
8.8%
15.6%
Q1 24
-0.6%
-16.5%
Capex Intensity
QVCGA
QVCGA
TOL
TOL
Q4 25
2.0%
0.8%
Q3 25
1.4%
0.9%
Q2 25
1.7%
0.6%
Q1 25
1.6%
0.9%
Q4 24
2.1%
0.5%
Q3 24
1.8%
0.9%
Q2 24
2.2%
0.6%
Q1 24
1.7%
0.7%
Cash Conversion
QVCGA
QVCGA
TOL
TOL
Q4 25
1.79×
Q3 25
1.00×
Q2 25
1.03×
Q1 25
-2.37×
Q4 24
1.44×
Q3 24
0.47×
Q2 24
13.35×
0.95×
Q1 24
-1.28×

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%

TOL
TOL

Home Building$3.4B100%
Land$9.4M0%

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