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

TELUS CORP is the larger business by last-quarter revenue ($3.7B vs $2.7B, roughly 1.4× QVC Group, Inc.). QVC Group, Inc. runs the higher net margin — -1.4% vs -4.8%, a 3.4% gap on every dollar of revenue. On growth, TELUS CORP posted the faster year-over-year revenue change (2.2% vs -9.1%).

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

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

QVCGA vs TU — Head-to-Head

Bigger by revenue
TU
TU
1.4× larger
TU
$3.7B
$2.7B
QVCGA
Growing faster (revenue YoY)
TU
TU
+11.3% gap
TU
2.2%
-9.1%
QVCGA
Higher net margin
QVCGA
QVCGA
3.4% more per $
QVCGA
-1.4%
-4.8%
TU

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
QVCGA
QVCGA
TU
TU
Revenue
$2.7B
$3.7B
Net Profit
$-37.0M
$-178.8M
Gross Margin
32.9%
90.2%
Operating Margin
3.7%
3.4%
Net Margin
-1.4%
-4.8%
Revenue YoY
-9.1%
2.2%
Net Profit YoY
97.1%
-210.9%
EPS (diluted)
$-17.37

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
TU
TU
Q4 25
$2.7B
Q3 25
$2.2B
Q2 25
$2.2B
$3.7B
Q1 25
$2.1B
Q4 24
$2.9B
Q3 24
$2.3B
Q2 24
$2.4B
$3.6B
Q1 24
$2.3B
Net Profit
QVCGA
QVCGA
TU
TU
Q4 25
$-37.0M
Q3 25
$-80.0M
Q2 25
$-2.2B
$-178.8M
Q1 25
$-100.0M
Q4 24
$-1.3B
Q3 24
$-23.0M
Q2 24
$20.0M
$161.3M
Q1 24
$-1.0M
Gross Margin
QVCGA
QVCGA
TU
TU
Q4 25
32.9%
Q3 25
34.0%
Q2 25
36.4%
90.2%
Q1 25
34.2%
Q4 24
33.3%
Q3 24
35.3%
Q2 24
36.4%
87.9%
Q1 24
35.5%
Operating Margin
QVCGA
QVCGA
TU
TU
Q4 25
3.7%
Q3 25
2.7%
Q2 25
-101.6%
3.4%
Q1 25
0.7%
Q4 24
-43.2%
Q3 24
6.5%
Q2 24
6.9%
13.7%
Q1 24
6.2%
Net Margin
QVCGA
QVCGA
TU
TU
Q4 25
-1.4%
Q3 25
-3.6%
Q2 25
-99.4%
-4.8%
Q1 25
-4.8%
Q4 24
-43.7%
Q3 24
-1.0%
Q2 24
0.8%
4.4%
Q1 24
-0.0%
EPS (diluted)
QVCGA
QVCGA
TU
TU
Q4 25
$-17.37
Q3 25
$-9.89
Q2 25
$-275.46
Q1 25
$-0.25
Q4 24
Q3 24
$-0.06
Q2 24
$2.57
Q1 24

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
TU
TU
Cash + ST InvestmentsLiquidity on hand
$2.0B
$2.7B
Total DebtLower is stronger
$790.0M
Stockholders' EquityBook value
$-3.1B
$11.8B
Total Assets
$7.6B
$44.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
TU
TU
Q4 25
$2.0B
Q3 25
$1.8B
Q2 25
$897.0M
$2.7B
Q1 25
$833.0M
Q4 24
$905.0M
Q3 24
$873.0M
Q2 24
$1.2B
$676.7M
Q1 24
$1.1B
Total Debt
QVCGA
QVCGA
TU
TU
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
TU
TU
Q4 25
$-3.1B
Q3 25
$-3.1B
Q2 25
$-3.0B
$11.8B
Q1 25
$-981.0M
Q4 24
$-971.0M
Q3 24
$397.0M
Q2 24
$328.0M
$12.4B
Q1 24
$255.0M
Total Assets
QVCGA
QVCGA
TU
TU
Q4 25
$7.6B
Q3 25
$7.6B
Q2 25
$6.7B
$44.3B
Q1 25
$9.0B
Q4 24
$9.2B
Q3 24
$10.8B
Q2 24
$10.9B
$41.8B
Q1 24
$11.0B
Debt / Equity
QVCGA
QVCGA
TU
TU
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
TU
TU
Operating Cash FlowLast quarter
$244.0M
$851.2M
Free Cash FlowOCF − Capex
$191.0M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$118.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCGA
QVCGA
TU
TU
Q4 25
$244.0M
Q3 25
$4.0M
Q2 25
$86.0M
$851.2M
Q1 25
$-60.0M
Q4 24
$212.0M
Q3 24
$20.0M
Q2 24
$267.0M
$1.0B
Q1 24
$26.0M
Free Cash Flow
QVCGA
QVCGA
TU
TU
Q4 25
$191.0M
Q3 25
$-27.0M
Q2 25
$48.0M
Q1 25
$-94.0M
Q4 24
$150.0M
Q3 24
$-23.0M
Q2 24
$213.0M
Q1 24
$-14.0M
FCF Margin
QVCGA
QVCGA
TU
TU
Q4 25
7.1%
Q3 25
-1.2%
Q2 25
2.1%
Q1 25
-4.5%
Q4 24
5.1%
Q3 24
-1.0%
Q2 24
8.8%
Q1 24
-0.6%
Capex Intensity
QVCGA
QVCGA
TU
TU
Q4 25
2.0%
Q3 25
1.4%
Q2 25
1.7%
Q1 25
1.6%
Q4 24
2.1%
Q3 24
1.8%
Q2 24
2.2%
Q1 24
1.7%
Cash Conversion
QVCGA
QVCGA
TU
TU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
13.35×
6.28×
Q1 24

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%

TU
TU

Segment breakdown not available.

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