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APi Group Corp（APG）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是APi Group Corp的1.3倍（$2.7B vs $2.1B），APi Group Corp净利率更高（4.6% vs -1.4%，领先6.0%），APi Group Corp同比增速更快（13.8% vs -9.1%），APi Group Corp自由现金流更多（$356.0M vs $191.0M），过去两年APi Group Corp的营收复合增速更高（15.0% vs 6.9%）
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
APG vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.3倍
$2.1B
营收增速更快
APG
高出22.9%
-9.1%
净利率更高
APG
高出6.0%
-1.4%
自由现金流更多
APG
多$165.0M
$191.0M
两年增速更快
APG
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.7B |
| 净利润 | $97.0M | $-37.0M |
| 毛利率 | 32.0% | 32.9% |
| 营业利润率 | 7.7% | 3.7% |
| 净利率 | 4.6% | -1.4% |
| 营收同比 | 13.8% | -9.1% |
| 净利润同比 | 44.8% | 97.1% |
| 每股收益（稀释后） | $-1.16 | $-17.37 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APGQVCGA
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.6B | $2.3B |
净利润APGQVCGA
| Q4 25 | $97.0M | $-37.0M | ||
| Q3 25 | $93.0M | $-80.0M | ||
| Q2 25 | $77.0M | $-2.2B | ||
| Q1 25 | $35.0M | $-100.0M | ||
| Q4 24 | $67.0M | $-1.3B | ||
| Q3 24 | $69.0M | $-23.0M | ||
| Q2 24 | $69.0M | $20.0M | ||
| Q1 24 | $45.0M | $-1.0M |
毛利率APGQVCGA
| Q4 25 | 32.0% | 32.9% | ||
| Q3 25 | 31.3% | 34.0% | ||
| Q2 25 | 30.9% | 36.4% | ||
| Q1 25 | 31.5% | 34.2% | ||
| Q4 24 | 30.9% | 33.3% | ||
| Q3 24 | 31.1% | 35.3% | ||
| Q2 24 | 31.4% | 36.4% | ||
| Q1 24 | 30.7% | 35.5% |
营业利润率APGQVCGA
| Q4 25 | 7.7% | 3.7% | ||
| Q3 25 | 7.8% | 2.7% | ||
| Q2 25 | 7.2% | -101.6% | ||
| Q1 25 | 4.9% | 0.7% | ||
| Q4 24 | 6.2% | -43.2% | ||
| Q3 24 | 7.8% | 6.5% | ||
| Q2 24 | 7.3% | 6.9% | ||
| Q1 24 | 6.2% | 6.2% |
净利率APGQVCGA
| Q4 25 | 4.6% | -1.4% | ||
| Q3 25 | 4.5% | -3.6% | ||
| Q2 25 | 3.9% | -99.4% | ||
| Q1 25 | 2.0% | -4.8% | ||
| Q4 24 | 3.6% | -43.7% | ||
| Q3 24 | 3.8% | -1.0% | ||
| Q2 24 | 4.0% | 0.8% | ||
| Q1 24 | 2.8% | -0.0% |
每股收益（稀释后）APGQVCGA
| Q4 25 | $-1.16 | $-17.37 | ||
| Q3 25 | $0.20 | $-9.89 | ||
| Q2 25 | $0.16 | $-275.46 | ||
| Q1 25 | $0.11 | $-0.25 | ||
| Q4 24 | $0.05 | — | ||
| Q3 24 | $0.23 | $-0.06 | ||
| Q2 24 | $0.22 | $2.57 | ||
| Q1 24 | $-1.34 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $912.0M | $2.0B |
| 总债务越低越好 | $2.8B | $790.0M |
| 股东权益账面价值 | $3.4B | $-3.1B |
| 总资产 | $8.9B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资APGQVCGA
| Q4 25 | $912.0M | $2.0B | ||
| Q3 25 | $555.0M | $1.8B | ||
| Q2 25 | $432.0M | $897.0M | ||
| Q1 25 | $460.0M | $833.0M | ||
| Q4 24 | $499.0M | $905.0M | ||
| Q3 24 | $487.0M | $873.0M | ||
| Q2 24 | $324.0M | $1.2B | ||
| Q1 24 | $247.0M | $1.1B |
总债务APGQVCGA
| Q4 25 | $2.8B | $790.0M | ||
| Q3 25 | $2.8B | $5.9B | ||
| Q2 25 | $2.8B | $4.9B | ||
| Q1 25 | $2.8B | $5.0B | ||
| Q4 24 | $2.8B | $4.1B | ||
| Q3 24 | $2.9B | $5.1B | ||
| Q2 24 | $2.8B | $5.3B | ||
| Q1 24 | $2.7B | $5.5B |
股东权益APGQVCGA
| Q4 25 | $3.4B | $-3.1B | ||
| Q3 25 | $3.3B | $-3.1B | ||
| Q2 25 | $3.2B | $-3.0B | ||
| Q1 25 | $3.0B | $-981.0M | ||
| Q4 24 | $3.0B | $-971.0M | ||
| Q3 24 | $3.0B | $397.0M | ||
| Q2 24 | $2.8B | $328.0M | ||
| Q1 24 | $2.3B | $255.0M |
总资产APGQVCGA
| Q4 25 | $8.9B | $7.6B | ||
| Q3 25 | $8.7B | $7.6B | ||
| Q2 25 | $8.5B | $6.7B | ||
| Q1 25 | $8.1B | $9.0B | ||
| Q4 24 | $8.2B | $9.2B | ||
| Q3 24 | $8.2B | $10.8B | ||
| Q2 24 | $8.0B | $10.9B | ||
| Q1 24 | $7.2B | $11.0B |
负债/权益比APGQVCGA
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.96× | 12.74× | ||
| Q2 24 | 1.00× | 16.28× | ||
| Q1 24 | 1.19× | 21.53× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $382.0M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $356.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 16.8% | 7.1% |
| 资本支出强度资本支出/营收 | 1.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.94× | — |
| 过去12个月自由现金流最近4个季度 | $663.0M | $118.0M |
8季度趋势，按日历期对齐
经营现金流APGQVCGA
| Q4 25 | $382.0M | $244.0M | ||
| Q3 25 | $232.0M | $4.0M | ||
| Q2 25 | $83.0M | $86.0M | ||
| Q1 25 | $62.0M | $-60.0M | ||
| Q4 24 | $283.0M | $212.0M | ||
| Q3 24 | $220.0M | $20.0M | ||
| Q2 24 | $110.0M | $267.0M | ||
| Q1 24 | $7.0M | $26.0M |
自由现金流APGQVCGA
| Q4 25 | $356.0M | $191.0M | ||
| Q3 25 | $201.0M | $-27.0M | ||
| Q2 25 | $56.0M | $48.0M | ||
| Q1 25 | $50.0M | $-94.0M | ||
| Q4 24 | $265.0M | $150.0M | ||
| Q3 24 | $198.0M | $-23.0M | ||
| Q2 24 | $88.0M | $213.0M | ||
| Q1 24 | $-15.0M | $-14.0M |
自由现金流率APGQVCGA
| Q4 25 | 16.8% | 7.1% | ||
| Q3 25 | 9.6% | -1.2% | ||
| Q2 25 | 2.8% | 2.1% | ||
| Q1 25 | 2.9% | -4.5% | ||
| Q4 24 | 14.2% | 5.1% | ||
| Q3 24 | 10.8% | -1.0% | ||
| Q2 24 | 5.1% | 8.8% | ||
| Q1 24 | -0.9% | -0.6% |
资本支出强度APGQVCGA
| Q4 25 | 1.2% | 2.0% | ||
| Q3 25 | 1.5% | 1.4% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 0.7% | 1.6% | ||
| Q4 24 | 1.0% | 2.1% | ||
| Q3 24 | 1.2% | 1.8% | ||
| Q2 24 | 1.3% | 2.2% | ||
| Q1 24 | 1.4% | 1.7% |
现金转化率APGQVCGA
| Q4 25 | 3.94× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.77× | — | ||
| Q4 24 | 4.22× | — | ||
| Q3 24 | 3.19× | — | ||
| Q2 24 | 1.59× | 13.35× | ||
| Q1 24 | 0.16× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APG
暂无分部数据
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% |
