vs
艾伯维（ARGX）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.的季度营收约是艾伯维的1.1倍（$2.7B vs $2.5B），艾伯维净利率更高（35.5% vs -1.4%，领先36.8%），艾伯维同比增速更快（83.2% vs -9.1%），艾伯维自由现金流更多（$322.4M vs $191.0M）
艾伯维是总部位于美国伊利诺伊州北芝加哥的制药企业，研发生产的药物覆盖多种疾病治疗领域，可满足多元临床需求，致力于为全球不同病症的患者提供可靠的治疗方案选择。
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。
ARGX vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.1倍
$2.5B
营收增速更快
ARGX
高出92.3%
-9.1%
净利率更高
ARGX
高出36.8%
-1.4%
自由现金流更多
ARGX
多$131.4M
$191.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.7B |
| 净利润 | $877.2M | $-37.0M |
| 毛利率 | 89.5% | 32.9% |
| 营业利润率 | 28.9% | 3.7% |
| 净利率 | 35.5% | -1.4% |
| 营收同比 | 83.2% | -9.1% |
| 净利润同比 | 1.3% | 97.1% |
| 每股收益（稀释后） | $13.25 | $-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ARGXQVCGA
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $901.9M | $2.4B | ||
| Q1 24 | — | $2.3B |
净利润ARGXQVCGA
| Q4 25 | $877.2M | $-37.0M | ||
| Q3 25 | — | $-80.0M | ||
| Q2 25 | $414.8M | $-2.2B | ||
| Q1 25 | — | $-100.0M | ||
| Q4 24 | $865.6M | $-1.3B | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | $-32.5M | $20.0M | ||
| Q1 24 | — | $-1.0M |
毛利率ARGXQVCGA
| Q4 25 | 89.5% | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | 89.2% | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | 90.2% | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | 89.4% | 36.4% | ||
| Q1 24 | — | 35.5% |
营业利润率ARGXQVCGA
| Q4 25 | 28.9% | 3.7% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | 19.2% | -101.6% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 8.7% | -43.2% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | -15.4% | 6.9% | ||
| Q1 24 | — | 6.2% |
净利率ARGXQVCGA
| Q4 25 | 35.5% | -1.4% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | 23.4% | -99.4% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | 64.1% | -43.7% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | -3.6% | 0.8% | ||
| Q1 24 | — | -0.0% |
每股收益（稀释后）ARGXQVCGA
| Q4 25 | $13.25 | $-17.37 | ||
| Q3 25 | — | $-9.89 | ||
| Q2 25 | $6.32 | $-275.46 | ||
| Q1 25 | — | $-0.25 | ||
| Q4 24 | $13.33 | — | ||
| Q3 24 | — | $-0.06 | ||
| Q2 24 | $-0.55 | $2.57 | ||
| Q1 24 | — | — |
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 | $3.5B | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $7.3B | $-3.1B |
| 总资产 | $8.7B | $7.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARGXQVCGA
| Q4 25 | $3.5B | $2.0B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $2.1B | $897.0M | ||
| Q1 25 | — | $833.0M | ||
| Q4 24 | $1.5B | $905.0M | ||
| Q3 24 | — | $873.0M | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | — | $1.1B |
总债务ARGXQVCGA
| 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 | $11.0M | $5.3B | ||
| Q1 24 | — | $5.5B |
股东权益ARGXQVCGA
| Q4 25 | $7.3B | $-3.1B | ||
| Q3 25 | — | $-3.1B | ||
| Q2 25 | $6.1B | $-3.0B | ||
| Q1 25 | — | $-981.0M | ||
| Q4 24 | $5.5B | $-971.0M | ||
| Q3 24 | — | $397.0M | ||
| Q2 24 | $4.3B | $328.0M | ||
| Q1 24 | — | $255.0M |
总资产ARGXQVCGA
| Q4 25 | $8.7B | $7.6B | ||
| Q3 25 | — | $7.6B | ||
| Q2 25 | $7.2B | $6.7B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | $6.2B | $9.2B | ||
| Q3 24 | — | $10.8B | ||
| Q2 24 | $4.8B | $10.9B | ||
| Q1 24 | — | $11.0B |
负债/权益比ARGXQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | 0.00× | 16.28× | ||
| Q1 24 | — | 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 | $323.3M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $322.4M | $191.0M |
| 自由现金流率自由现金流/营收 | 13.0% | 7.1% |
| 资本支出强度资本支出/营收 | 0.0% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.37× | — |
| 过去12个月自由现金流最近4个季度 | $594.5M | $118.0M |
8季度趋势，按日历期对齐
经营现金流ARGXQVCGA
| Q4 25 | $323.3M | $244.0M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | $361.8M | $86.0M | ||
| Q1 25 | — | $-60.0M | ||
| Q4 24 | $41.9M | $212.0M | ||
| Q3 24 | — | $20.0M | ||
| Q2 24 | $-124.7M | $267.0M | ||
| Q1 24 | — | $26.0M |
自由现金流ARGXQVCGA
| Q4 25 | $322.4M | $191.0M | ||
| Q3 25 | — | $-27.0M | ||
| Q2 25 | $356.6M | $48.0M | ||
| Q1 25 | — | $-94.0M | ||
| Q4 24 | $40.9M | $150.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | $-125.5M | $213.0M | ||
| Q1 24 | — | $-14.0M |
自由现金流率ARGXQVCGA
| Q4 25 | 13.0% | 7.1% | ||
| Q3 25 | — | -1.2% | ||
| Q2 25 | 20.1% | 2.1% | ||
| Q1 25 | — | -4.5% | ||
| Q4 24 | 3.0% | 5.1% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | -13.9% | 8.8% | ||
| Q1 24 | — | -0.6% |
资本支出强度ARGXQVCGA
| Q4 25 | 0.0% | 2.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 0.3% | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | 0.1% | 2.2% | ||
| Q1 24 | — | 1.7% |
现金转化率ARGXQVCGA
| Q4 25 | 0.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 13.35× | ||
| Q1 24 | — | — |
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
ARGX
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% |
