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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and UGI CORP (UGI). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $2.1B, roughly 1.3× UGI CORP). UGI CORP runs the higher net margin — 14.4% vs -1.4%, a 15.8% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs -9.1%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $-155.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs -7.5%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
QVCGA vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $2.1B |
| Net Profit | $-37.0M | $297.0M |
| Gross Margin | 32.9% | — |
| Operating Margin | 3.7% | 22.0% |
| Net Margin | -1.4% | 14.4% |
| Revenue YoY | -9.1% | 3.9% |
| Net Profit YoY | 97.1% | -20.8% |
| EPS (diluted) | $-17.37 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.4B | $1.4B | ||
| Q1 24 | $2.3B | $2.4B |
| Q4 25 | $-37.0M | $297.0M | ||
| Q3 25 | $-80.0M | $-13.0M | ||
| Q2 25 | $-2.2B | $-163.0M | ||
| Q1 25 | $-100.0M | $479.0M | ||
| Q4 24 | $-1.3B | $375.0M | ||
| Q3 24 | $-23.0M | $-273.0M | ||
| Q2 24 | $20.0M | $-48.0M | ||
| Q1 24 | $-1.0M | $496.0M |
| Q4 25 | 32.9% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 36.4% | — | ||
| Q1 24 | 35.5% | — |
| Q4 25 | 3.7% | 22.0% | ||
| Q3 25 | 2.7% | 1.1% | ||
| Q2 25 | -101.6% | -6.8% | ||
| Q1 25 | 0.7% | 26.6% | ||
| Q4 24 | -43.2% | 24.5% | ||
| Q3 24 | 6.5% | -20.4% | ||
| Q2 24 | 6.9% | 5.0% | ||
| Q1 24 | 6.2% | 29.7% |
| Q4 25 | -1.4% | 14.4% | ||
| Q3 25 | -3.6% | -1.1% | ||
| Q2 25 | -99.4% | -12.0% | ||
| Q1 25 | -4.8% | 18.2% | ||
| Q4 24 | -43.7% | 18.9% | ||
| Q3 24 | -1.0% | -22.6% | ||
| Q2 24 | 0.8% | -3.6% | ||
| Q1 24 | -0.0% | 20.6% |
| Q4 25 | $-17.37 | $1.34 | ||
| Q3 25 | $-9.89 | $-0.08 | ||
| Q2 25 | $-275.46 | $-0.76 | ||
| Q1 25 | $-0.25 | $2.19 | ||
| Q4 24 | — | $1.74 | ||
| Q3 24 | $-0.06 | $-1.26 | ||
| Q2 24 | $2.57 | $-0.23 | ||
| Q1 24 | — | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | $790.0M | $6.0B |
| Stockholders' EquityBook value | $-3.1B | $5.0B |
| Total Assets | $7.6B | $15.8B |
| Debt / EquityLower = less leverage | — | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $251.0M | ||
| Q3 25 | $1.8B | $335.0M | ||
| Q2 25 | $897.0M | $350.0M | ||
| Q1 25 | $833.0M | $426.0M | ||
| Q4 24 | $905.0M | $240.0M | ||
| Q3 24 | $873.0M | $213.0M | ||
| Q2 24 | $1.2B | $183.0M | ||
| Q1 24 | $1.1B | $263.0M |
| Q4 25 | $790.0M | $6.0B | ||
| Q3 25 | $5.9B | $6.5B | ||
| Q2 25 | $4.9B | $5.7B | ||
| Q1 25 | $5.0B | $6.6B | ||
| Q4 24 | $4.1B | $6.6B | ||
| Q3 24 | $5.1B | $6.4B | ||
| Q2 24 | $5.3B | $6.3B | ||
| Q1 24 | $5.5B | $6.7B |
| Q4 25 | $-3.1B | $5.0B | ||
| Q3 25 | $-3.1B | $4.8B | ||
| Q2 25 | $-3.0B | $4.9B | ||
| Q1 25 | $-981.0M | $5.0B | ||
| Q4 24 | $-971.0M | $4.6B | ||
| Q3 24 | $397.0M | $4.3B | ||
| Q2 24 | $328.0M | $4.7B | ||
| Q1 24 | $255.0M | $4.8B |
| Q4 25 | $7.6B | $15.8B | ||
| Q3 25 | $7.6B | $15.5B | ||
| Q2 25 | $6.7B | $15.4B | ||
| Q1 25 | $9.0B | $15.7B | ||
| Q4 24 | $9.2B | $15.4B | ||
| Q3 24 | $10.8B | $15.1B | ||
| Q2 24 | $10.9B | $15.1B | ||
| Q1 24 | $11.0B | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | 12.74× | 1.48× | ||
| Q2 24 | 16.28× | 1.34× | ||
| Q1 24 | 21.53× | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $191.0M | $-155.0M |
| FCF MarginFCF / Revenue | 7.1% | -7.5% |
| Capex IntensityCapex / Revenue | 2.0% | 10.7% |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $244.0M | $66.0M | ||
| Q3 25 | $4.0M | $90.0M | ||
| Q2 25 | $86.0M | $289.0M | ||
| Q1 25 | $-60.0M | $684.0M | ||
| Q4 24 | $212.0M | $164.0M | ||
| Q3 24 | $20.0M | $151.0M | ||
| Q2 24 | $267.0M | $390.0M | ||
| Q1 24 | $26.0M | $522.0M |
| Q4 25 | $191.0M | $-155.0M | ||
| Q3 25 | $-27.0M | $-168.0M | ||
| Q2 25 | $48.0M | $67.0M | ||
| Q1 25 | $-94.0M | $538.0M | ||
| Q4 24 | $150.0M | $-47.0M | ||
| Q3 24 | $-23.0M | $-115.0M | ||
| Q2 24 | $213.0M | $185.0M | ||
| Q1 24 | $-14.0M | $353.0M |
| Q4 25 | 7.1% | -7.5% | ||
| Q3 25 | -1.2% | -14.4% | ||
| Q2 25 | 2.1% | 4.9% | ||
| Q1 25 | -4.5% | 20.4% | ||
| Q4 24 | 5.1% | -2.4% | ||
| Q3 24 | -1.0% | -9.5% | ||
| Q2 24 | 8.8% | 13.7% | ||
| Q1 24 | -0.6% | 14.6% |
| Q4 25 | 2.0% | 10.7% | ||
| Q3 25 | 1.4% | 22.1% | ||
| Q2 25 | 1.7% | 16.3% | ||
| Q1 25 | 1.6% | 5.5% | ||
| Q4 24 | 2.1% | 10.6% | ||
| Q3 24 | 1.8% | 22.0% | ||
| Q2 24 | 2.2% | 15.2% | ||
| Q1 24 | 1.7% | 7.0% |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.35× | — | ||
| Q1 24 | — | 1.05× |
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% |
UGI
Segment breakdown not available.
