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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $2.7B, roughly 1.5× QVC Group, Inc.). Viking Holdings Ltd runs the higher net margin — 12.9% vs -1.4%, a 14.3% gap on every dollar of revenue.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
QVCGA vs VIK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $4.0B |
| Net Profit | $-37.0M | $514.0M |
| Gross Margin | 32.9% | 73.4% |
| Operating Margin | 3.7% | 15.2% |
| Net Margin | -1.4% | 12.9% |
| Revenue YoY | -9.1% | — |
| Net Profit YoY | 97.1% | 35.4% |
| EPS (diluted) | $-17.37 | $1.15 |
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 | — | ||
| Q3 25 | $2.2B | $4.0B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $2.1B | $718.2M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.3B | $3.6B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $-37.0M | — | ||
| Q3 25 | $-80.0M | $514.0M | ||
| Q2 25 | $-2.2B | $439.2M | ||
| Q1 25 | $-100.0M | $-105.5M | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | $-23.0M | $379.7M | ||
| Q2 24 | $20.0M | $159.8M | ||
| Q1 24 | $-1.0M | — |
| Q4 25 | 32.9% | — | ||
| Q3 25 | 34.0% | 73.4% | ||
| Q2 25 | 36.4% | 55.7% | ||
| Q1 25 | 34.2% | 17.3% | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 35.3% | 74.7% | ||
| Q2 24 | 36.4% | 57.8% | ||
| Q1 24 | 35.5% | — |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 2.7% | 15.2% | ||
| Q2 25 | -101.6% | 23.7% | ||
| Q1 25 | 0.7% | -1.3% | ||
| Q4 24 | -43.2% | — | ||
| Q3 24 | 6.5% | 13.6% | ||
| Q2 24 | 6.9% | 20.5% | ||
| Q1 24 | 6.2% | — |
| Q4 25 | -1.4% | — | ||
| Q3 25 | -3.6% | 12.9% | ||
| Q2 25 | -99.4% | 19.1% | ||
| Q1 25 | -4.8% | -14.7% | ||
| Q4 24 | -43.7% | — | ||
| Q3 24 | -1.0% | 10.6% | ||
| Q2 24 | 0.8% | 7.7% | ||
| Q1 24 | -0.0% | — |
| Q4 25 | $-17.37 | — | ||
| Q3 25 | $-9.89 | $1.15 | ||
| Q2 25 | $-275.46 | $0.99 | ||
| Q1 25 | $-0.25 | $-0.24 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.06 | $0.87 | ||
| Q2 24 | $2.57 | $0.38 | ||
| Q1 24 | — | — |
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 | $3.0B |
| Total DebtLower is stronger | $790.0M | — |
| Stockholders' EquityBook value | $-3.1B | $803.5M |
| Total Assets | $7.6B | $11.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.8B | $3.0B | ||
| Q2 25 | $897.0M | $2.6B | ||
| Q1 25 | $833.0M | $2.8B | ||
| Q4 24 | $905.0M | — | ||
| Q3 24 | $873.0M | $2.4B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.1B | — |
| 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 | — | ||
| Q3 25 | $-3.1B | $803.5M | ||
| Q2 25 | $-3.0B | $278.3M | ||
| Q1 25 | $-981.0M | $-267.5M | ||
| Q4 24 | $-971.0M | — | ||
| Q3 24 | $397.0M | $-688.9M | ||
| Q2 24 | $328.0M | $-1.1B | ||
| Q1 24 | $255.0M | — |
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.6B | $11.5B | ||
| Q2 25 | $6.7B | $11.1B | ||
| Q1 25 | $9.0B | $10.7B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $10.8B | — | ||
| Q2 24 | $10.9B | — | ||
| Q1 24 | $11.0B | — |
| 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 | $663.9M |
| Free Cash FlowOCF − Capex | $191.0M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $244.0M | — | ||
| Q3 25 | $4.0M | $663.9M | ||
| Q2 25 | $86.0M | $470.7M | ||
| Q1 25 | $-60.0M | $587.9M | ||
| Q4 24 | $212.0M | — | ||
| Q3 24 | $20.0M | $828.7M | ||
| Q2 24 | $267.0M | $419.8M | ||
| Q1 24 | $26.0M | — |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 13.35× | 2.63× | ||
| 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% |
VIK
Segment breakdown not available.
