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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $2.6B, roughly 1.0× Vertiv Holdings Co). Vertiv Holdings Co runs the higher net margin — 14.7% vs -1.4%, a 16.1% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs -9.1%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $191.0M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% 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.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
QVCGA vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $2.6B |
| Net Profit | $-37.0M | $390.1M |
| Gross Margin | 32.9% | 37.7% |
| Operating Margin | 3.7% | — |
| Net Margin | -1.4% | 14.7% |
| Revenue YoY | -9.1% | 30.1% |
| Net Profit YoY | 97.1% | — |
| EPS (diluted) | $-17.37 | $0.99 |
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.
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.7B | $2.9B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.4B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $-37.0M | $445.6M | ||
| Q3 25 | $-80.0M | $398.5M | ||
| Q2 25 | $-2.2B | $324.2M | ||
| Q1 25 | $-100.0M | $164.5M | ||
| Q4 24 | $-1.3B | $147.0M | ||
| Q3 24 | $-23.0M | $176.6M | ||
| Q2 24 | $20.0M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 32.9% | 38.9% | ||
| Q3 25 | 34.0% | 37.8% | ||
| Q2 25 | 36.4% | 34.0% | ||
| Q1 25 | 34.2% | 33.7% | ||
| Q4 24 | 33.3% | 37.1% | ||
| Q3 24 | 35.3% | 36.5% | ||
| Q2 24 | 36.4% | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 20.1% | ||
| Q3 25 | 2.7% | 19.3% | ||
| Q2 25 | -101.6% | 16.8% | ||
| Q1 25 | 0.7% | 14.3% | ||
| Q4 24 | -43.2% | 19.5% | ||
| Q3 24 | 6.5% | 17.9% | ||
| Q2 24 | 6.9% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | -1.4% | 15.5% | ||
| Q3 25 | -3.6% | 14.9% | ||
| Q2 25 | -99.4% | 12.3% | ||
| Q1 25 | -4.8% | 8.1% | ||
| Q4 24 | -43.7% | 6.3% | ||
| Q3 24 | -1.0% | 8.5% | ||
| Q2 24 | 0.8% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $-17.37 | $1.14 | ||
| Q3 25 | $-9.89 | $1.02 | ||
| Q2 25 | $-275.46 | $0.83 | ||
| Q1 25 | $-0.25 | $0.42 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | $-0.06 | $0.46 | ||
| Q2 24 | $2.57 | $0.46 |
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 | $2.5B |
| Total DebtLower is stronger | $790.0M | $0 |
| Stockholders' EquityBook value | $-3.1B | $4.2B |
| Total Assets | $7.6B | $13.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $897.0M | $1.6B | ||
| Q1 25 | $833.0M | $1.5B | ||
| Q4 24 | $905.0M | $1.2B | ||
| Q3 24 | $873.0M | $908.7M | ||
| Q2 24 | $1.2B | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $790.0M | $2.9B | ||
| Q3 25 | $5.9B | $2.9B | ||
| Q2 25 | $4.9B | $2.9B | ||
| Q1 25 | $5.0B | $2.9B | ||
| Q4 24 | $4.1B | $2.9B | ||
| Q3 24 | $5.1B | $2.9B | ||
| Q2 24 | $5.3B | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $-3.1B | $3.9B | ||
| Q3 25 | $-3.1B | $3.5B | ||
| Q2 25 | $-3.0B | $3.1B | ||
| Q1 25 | $-981.0M | $2.7B | ||
| Q4 24 | $-971.0M | $2.4B | ||
| Q3 24 | $397.0M | $1.8B | ||
| Q2 24 | $328.0M | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $7.6B | $12.2B | ||
| Q3 25 | $7.6B | $10.8B | ||
| Q2 25 | $6.7B | $10.4B | ||
| Q1 25 | $9.0B | $9.5B | ||
| Q4 24 | $9.2B | $9.1B | ||
| Q3 24 | $10.8B | $8.9B | ||
| Q2 24 | $10.9B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | 12.74× | 1.62× | ||
| Q2 24 | 16.28× | 1.91× |
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 | — |
| Free Cash FlowOCF − Capex | $191.0M | $652.8M |
| FCF MarginFCF / Revenue | 7.1% | 24.6% |
| Capex IntensityCapex / Revenue | 2.0% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $244.0M | $978.9M | ||
| Q3 25 | $4.0M | $508.7M | ||
| Q2 25 | $86.0M | $322.9M | ||
| Q1 25 | $-60.0M | $303.3M | ||
| Q4 24 | $212.0M | $425.2M | ||
| Q3 24 | $20.0M | $378.2M | ||
| Q2 24 | $267.0M | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $191.0M | $885.6M | ||
| Q3 25 | $-27.0M | $463.5M | ||
| Q2 25 | $48.0M | $277.9M | ||
| Q1 25 | $-94.0M | $266.8M | ||
| Q4 24 | $150.0M | $364.5M | ||
| Q3 24 | $-23.0M | $341.8M | ||
| Q2 24 | $213.0M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 7.1% | 30.8% | ||
| Q3 25 | -1.2% | 17.3% | ||
| Q2 25 | 2.1% | 10.5% | ||
| Q1 25 | -4.5% | 13.1% | ||
| Q4 24 | 5.1% | 15.5% | ||
| Q3 24 | -1.0% | 16.5% | ||
| Q2 24 | 8.8% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 2.0% | 3.2% | ||
| Q3 25 | 1.4% | 1.7% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 1.6% | 1.8% | ||
| Q4 24 | 2.1% | 2.6% | ||
| Q3 24 | 1.8% | 1.8% | ||
| Q2 24 | 2.2% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.20× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 2.14× | ||
| Q2 24 | 13.35× | 2.12× |
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% |
VRT
Segment breakdown not available.
