vs
Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and Toast, Inc. (TOST). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.6B, roughly 1.6× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs -1.4%, a 7.6% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -9.1%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
QVCGA vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $1.6B |
| Net Profit | $-37.0M | $101.0M |
| Gross Margin | 32.9% | 25.9% |
| Operating Margin | 3.7% | 5.2% |
| Net Margin | -1.4% | 6.2% |
| Revenue YoY | -9.1% | 22.0% |
| Net Profit YoY | 97.1% | 215.6% |
| EPS (diluted) | $-17.37 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | $-37.0M | $101.0M | ||
| Q3 25 | $-80.0M | $105.0M | ||
| Q2 25 | $-2.2B | $80.0M | ||
| Q1 25 | $-100.0M | $56.0M | ||
| Q4 24 | $-1.3B | $32.0M | ||
| Q3 24 | $-23.0M | $56.0M | ||
| Q2 24 | $20.0M | $14.0M | ||
| Q1 24 | $-1.0M | $-83.0M |
| Q4 25 | 32.9% | 25.9% | ||
| Q3 25 | 34.0% | 26.5% | ||
| Q2 25 | 36.4% | 25.3% | ||
| Q1 25 | 34.2% | 25.9% | ||
| Q4 24 | 33.3% | 24.9% | ||
| Q3 24 | 35.3% | 24.7% | ||
| Q2 24 | 36.4% | 23.0% | ||
| Q1 24 | 35.5% | 23.2% |
| Q4 25 | 3.7% | 5.2% | ||
| Q3 25 | 2.7% | 5.1% | ||
| Q2 25 | -101.6% | 5.2% | ||
| Q1 25 | 0.7% | 3.2% | ||
| Q4 24 | -43.2% | 2.5% | ||
| Q3 24 | 6.5% | 2.6% | ||
| Q2 24 | 6.9% | 0.4% | ||
| Q1 24 | 6.2% | -5.2% |
| Q4 25 | -1.4% | 6.2% | ||
| Q3 25 | -3.6% | 6.4% | ||
| Q2 25 | -99.4% | 5.2% | ||
| Q1 25 | -4.8% | 4.2% | ||
| Q4 24 | -43.7% | 2.4% | ||
| Q3 24 | -1.0% | 4.3% | ||
| Q2 24 | 0.8% | 1.1% | ||
| Q1 24 | -0.0% | -7.7% |
| Q4 25 | $-17.37 | $0.18 | ||
| Q3 25 | $-9.89 | $0.16 | ||
| Q2 25 | $-275.46 | $0.13 | ||
| Q1 25 | $-0.25 | $0.09 | ||
| Q4 24 | — | $0.09 | ||
| Q3 24 | $-0.06 | $0.07 | ||
| Q2 24 | $2.57 | $0.02 | ||
| Q1 24 | — | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $790.0M | — |
| Stockholders' EquityBook value | $-3.1B | $2.1B |
| Total Assets | $7.6B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $897.0M | $1.2B | ||
| Q1 25 | $833.0M | $1.0B | ||
| Q4 24 | $905.0M | $903.0M | ||
| Q3 24 | $873.0M | $761.0M | ||
| Q2 24 | $1.2B | $691.0M | ||
| Q1 24 | $1.1B | $578.0M |
| 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 | $2.1B | ||
| Q3 25 | $-3.1B | $2.0B | ||
| Q2 25 | $-3.0B | $1.8B | ||
| Q1 25 | $-981.0M | $1.7B | ||
| Q4 24 | $-971.0M | $1.5B | ||
| Q3 24 | $397.0M | $1.4B | ||
| Q2 24 | $328.0M | $1.3B | ||
| Q1 24 | $255.0M | $1.2B |
| Q4 25 | $7.6B | $3.1B | ||
| Q3 25 | $7.6B | $3.0B | ||
| Q2 25 | $6.7B | $2.8B | ||
| Q1 25 | $9.0B | $2.6B | ||
| Q4 24 | $9.2B | $2.4B | ||
| Q3 24 | $10.8B | $2.2B | ||
| Q2 24 | $10.9B | $2.2B | ||
| Q1 24 | $11.0B | $2.1B |
| 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 | $194.0M |
| Free Cash FlowOCF − Capex | $191.0M | $178.0M |
| FCF MarginFCF / Revenue | 7.1% | 10.9% |
| Capex IntensityCapex / Revenue | 2.0% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $244.0M | $194.0M | ||
| Q3 25 | $4.0M | $165.0M | ||
| Q2 25 | $86.0M | $223.0M | ||
| Q1 25 | $-60.0M | $79.0M | ||
| Q4 24 | $212.0M | $147.0M | ||
| Q3 24 | $20.0M | $109.0M | ||
| Q2 24 | $267.0M | $124.0M | ||
| Q1 24 | $26.0M | $-20.0M |
| Q4 25 | $191.0M | $178.0M | ||
| Q3 25 | $-27.0M | $153.0M | ||
| Q2 25 | $48.0M | $208.0M | ||
| Q1 25 | $-94.0M | $69.0M | ||
| Q4 24 | $150.0M | $134.0M | ||
| Q3 24 | $-23.0M | $97.0M | ||
| Q2 24 | $213.0M | $108.0M | ||
| Q1 24 | $-14.0M | $-33.0M |
| Q4 25 | 7.1% | 10.9% | ||
| Q3 25 | -1.2% | 9.4% | ||
| Q2 25 | 2.1% | 13.4% | ||
| Q1 25 | -4.5% | 5.2% | ||
| Q4 24 | 5.1% | 10.0% | ||
| Q3 24 | -1.0% | 7.4% | ||
| Q2 24 | 8.8% | 8.7% | ||
| Q1 24 | -0.6% | -3.1% |
| Q4 25 | 2.0% | 1.0% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 1.6% | 0.7% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 1.8% | 0.9% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 1.7% | 1.2% |
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | — | 4.59× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | 13.35× | 8.86× | ||
| Q1 24 | — | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
