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

QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $2.5B, roughly 1.1× WESTLAKE CORP). QVC Group, Inc. runs the higher net margin — -1.4% vs -21.5%, a 20.1% gap on every dollar of revenue. On growth, QVC Group, Inc. posted the faster year-over-year revenue change (-9.1% vs -10.9%). QVC Group, Inc. produced more free cash flow last quarter ($191.0M vs $-16.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs -7.7%).

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

Westlake Corporation is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products, which are fundamental to various consumer and industrial markets. The company was founded by Ting Tsung Chao in 1986. it is the largest producer of low-density polyethylene (LDPE) in the US and ranks among the Forbes Global 2000. Westlake Chemical operates in two segments: Olefins and Vinyls, and is also an integrated producer of vinyls, with substantial downstream ...

QVCGA vs WLK — Head-to-Head

Bigger by revenue
QVCGA
QVCGA
1.1× larger
QVCGA
$2.7B
$2.5B
WLK
Growing faster (revenue YoY)
QVCGA
QVCGA
+1.8% gap
QVCGA
-9.1%
-10.9%
WLK
Higher net margin
QVCGA
QVCGA
20.1% more per $
QVCGA
-1.4%
-21.5%
WLK
More free cash flow
QVCGA
QVCGA
$207.0M more FCF
QVCGA
$191.0M
$-16.0M
WLK
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
-7.7%
WLK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QVCGA
QVCGA
WLK
WLK
Revenue
$2.7B
$2.5B
Net Profit
$-37.0M
$-544.0M
Gross Margin
32.9%
3.4%
Operating Margin
3.7%
-26.5%
Net Margin
-1.4%
-21.5%
Revenue YoY
-9.1%
-10.9%
Net Profit YoY
97.1%
-7871.4%
EPS (diluted)
$-17.37
$-4.22

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
WLK
WLK
Q4 25
$2.7B
$2.5B
Q3 25
$2.2B
$2.8B
Q2 25
$2.2B
$3.0B
Q1 25
$2.1B
$2.8B
Q4 24
$2.9B
$2.8B
Q3 24
$2.3B
$3.1B
Q2 24
$2.4B
$3.2B
Q1 24
$2.3B
$3.0B
Net Profit
QVCGA
QVCGA
WLK
WLK
Q4 25
$-37.0M
$-544.0M
Q3 25
$-80.0M
$-782.0M
Q2 25
$-2.2B
$-142.0M
Q1 25
$-100.0M
$-40.0M
Q4 24
$-1.3B
$7.0M
Q3 24
$-23.0M
$108.0M
Q2 24
$20.0M
$313.0M
Q1 24
$-1.0M
$174.0M
Gross Margin
QVCGA
QVCGA
WLK
WLK
Q4 25
32.9%
3.4%
Q3 25
34.0%
8.3%
Q2 25
36.4%
8.7%
Q1 25
34.2%
8.2%
Q4 24
33.3%
11.5%
Q3 24
35.3%
16.0%
Q2 24
36.4%
20.7%
Q1 24
35.5%
15.7%
Operating Margin
QVCGA
QVCGA
WLK
WLK
Q4 25
3.7%
-26.5%
Q3 25
2.7%
-27.0%
Q2 25
-101.6%
-3.7%
Q1 25
0.7%
-1.1%
Q4 24
-43.2%
2.3%
Q3 24
6.5%
5.8%
Q2 24
6.9%
12.7%
Q1 24
6.2%
7.5%
Net Margin
QVCGA
QVCGA
WLK
WLK
Q4 25
-1.4%
-21.5%
Q3 25
-3.6%
-27.6%
Q2 25
-99.4%
-4.8%
Q1 25
-4.8%
-1.4%
Q4 24
-43.7%
0.2%
Q3 24
-1.0%
3.5%
Q2 24
0.8%
9.8%
Q1 24
-0.0%
5.8%
EPS (diluted)
QVCGA
QVCGA
WLK
WLK
Q4 25
$-17.37
$-4.22
Q3 25
$-9.89
$-6.06
Q2 25
$-275.46
$-1.11
Q1 25
$-0.25
$-0.31
Q4 24
$0.07
Q3 24
$-0.06
$0.83
Q2 24
$2.57
$2.40
Q1 24
$1.34

Balance Sheet & Financial Strength

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

Metric
QVCGA
QVCGA
WLK
WLK
Cash + ST InvestmentsLiquidity on hand
$2.0B
$2.7B
Total DebtLower is stronger
$790.0M
$5.6B
Stockholders' EquityBook value
$-3.1B
$8.8B
Total Assets
$7.6B
$20.0B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QVCGA
QVCGA
WLK
WLK
Q4 25
$2.0B
$2.7B
Q3 25
$1.8B
$1.9B
Q2 25
$897.0M
$2.1B
Q1 25
$833.0M
$2.3B
Q4 24
$905.0M
$2.9B
Q3 24
$873.0M
$2.9B
Q2 24
$1.2B
$3.0B
Q1 24
$1.1B
$3.1B
Total Debt
QVCGA
QVCGA
WLK
WLK
Q4 25
$790.0M
$5.6B
Q3 25
$5.9B
$4.7B
Q2 25
$4.9B
$4.7B
Q1 25
$5.0B
$4.6B
Q4 24
$4.1B
$4.6B
Q3 24
$5.1B
$4.6B
Q2 24
$5.3B
$4.9B
Q1 24
$5.5B
$4.9B
Stockholders' Equity
QVCGA
QVCGA
WLK
WLK
Q4 25
$-3.1B
$8.8B
Q3 25
$-3.1B
$9.4B
Q2 25
$-3.0B
$10.3B
Q1 25
$-981.0M
$10.4B
Q4 24
$-971.0M
$10.5B
Q3 24
$397.0M
$10.7B
Q2 24
$328.0M
$10.6B
Q1 24
$255.0M
$10.3B
Total Assets
QVCGA
QVCGA
WLK
WLK
Q4 25
$7.6B
$20.0B
Q3 25
$7.6B
$19.8B
Q2 25
$6.7B
$20.8B
Q1 25
$9.0B
$20.7B
Q4 24
$9.2B
$20.8B
Q3 24
$10.8B
$21.1B
Q2 24
$10.9B
$21.1B
Q1 24
$11.0B
$21.0B
Debt / Equity
QVCGA
QVCGA
WLK
WLK
Q4 25
0.64×
Q3 25
0.49×
Q2 25
0.45×
Q1 25
0.44×
Q4 24
0.43×
Q3 24
12.74×
0.43×
Q2 24
16.28×
0.46×
Q1 24
21.53×
0.47×

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
WLK
WLK
Operating Cash FlowLast quarter
$244.0M
$225.0M
Free Cash FlowOCF − Capex
$191.0M
$-16.0M
FCF MarginFCF / Revenue
7.1%
-0.6%
Capex IntensityCapex / Revenue
2.0%
9.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$118.0M
$-530.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QVCGA
QVCGA
WLK
WLK
Q4 25
$244.0M
$225.0M
Q3 25
$4.0M
$182.0M
Q2 25
$86.0M
$135.0M
Q1 25
$-60.0M
$-77.0M
Q4 24
$212.0M
$434.0M
Q3 24
$20.0M
$474.0M
Q2 24
$267.0M
$237.0M
Q1 24
$26.0M
$169.0M
Free Cash Flow
QVCGA
QVCGA
WLK
WLK
Q4 25
$191.0M
$-16.0M
Q3 25
$-27.0M
$-57.0M
Q2 25
$48.0M
$-132.0M
Q1 25
$-94.0M
$-325.0M
Q4 24
$150.0M
$149.0M
Q3 24
$-23.0M
$254.0M
Q2 24
$213.0M
$6.0M
Q1 24
$-14.0M
$-103.0M
FCF Margin
QVCGA
QVCGA
WLK
WLK
Q4 25
7.1%
-0.6%
Q3 25
-1.2%
-2.0%
Q2 25
2.1%
-4.5%
Q1 25
-4.5%
-11.4%
Q4 24
5.1%
5.2%
Q3 24
-1.0%
8.1%
Q2 24
8.8%
0.2%
Q1 24
-0.6%
-3.5%
Capex Intensity
QVCGA
QVCGA
WLK
WLK
Q4 25
2.0%
9.5%
Q3 25
1.4%
8.4%
Q2 25
1.7%
9.0%
Q1 25
1.6%
8.7%
Q4 24
2.1%
10.0%
Q3 24
1.8%
7.1%
Q2 24
2.2%
7.2%
Q1 24
1.7%
9.1%
Cash Conversion
QVCGA
QVCGA
WLK
WLK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
62.00×
Q3 24
4.39×
Q2 24
13.35×
0.76×
Q1 24
0.97×

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%

WLK
WLK

Performance Materials$930.0M37%
Housing Products$767.0M30%
Essential Materials$702.0M28%
Infrastructure Products$134.0M5%

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