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Cincinnati Financial（CINF）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
Cincinnati Financial的季度营收约是QVC Group, Inc.的1.1倍（$2.8B vs $2.7B），Cincinnati Financial净利率更高（9.6% vs -1.4%，领先11.0%），Cincinnati Financial同比增速更快（-1.7% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs 5.2%）
辛辛那提金融公司主营财产与意外伤害保险，通过旗下辛辛那提保险公司、辛辛那提赔偿公司及辛辛那提意外伤害保险公司运营核心业务。目前该公司在美国国内财险保费市场占比达1.01%，按市场份额计算位列美国第20大保险公司。
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。
CINF vs QVCGA — 直观对比
营收规模更大
CINF
是对方的1.1倍
$2.7B
营收增速更快
CINF
高出7.4%
-9.1%
净利率更高
CINF
高出11.0%
-1.4%
两年增速更快
QVCGA
近两年复合增速
5.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.7B |
| 净利润 | $274.0M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | — | 3.7% |
| 净利率 | 9.6% | -1.4% |
| 营收同比 | -1.7% | -9.1% |
| 净利润同比 | 404.4% | 97.1% |
| 每股收益（稀释后） | — | $-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CINFQVCGA
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.9B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $2.5B | $2.4B |
净利润CINFQVCGA
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $-37.0M | ||
| Q3 25 | $1.1B | $-80.0M | ||
| Q2 25 | $685.0M | $-2.2B | ||
| Q1 25 | $-90.0M | $-100.0M | ||
| Q4 24 | $405.0M | $-1.3B | ||
| Q3 24 | $820.0M | $-23.0M | ||
| Q2 24 | $312.0M | $20.0M |
毛利率CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.4% |
营业利润率CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 3.7% | ||
| Q3 25 | 37.9% | 2.7% | ||
| Q2 25 | 26.3% | -101.6% | ||
| Q1 25 | -5.0% | 0.7% | ||
| Q4 24 | 18.9% | -43.2% | ||
| Q3 24 | 31.3% | 6.5% | ||
| Q2 24 | 15.2% | 6.9% |
净利率CINFQVCGA
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | -1.4% | ||
| Q3 25 | 30.1% | -3.6% | ||
| Q2 25 | 21.1% | -99.4% | ||
| Q1 25 | -3.5% | -4.8% | ||
| Q4 24 | 16.0% | -43.7% | ||
| Q3 24 | 24.7% | -1.0% | ||
| Q2 24 | 12.3% | 0.8% |
每股收益（稀释后）CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $-17.37 | ||
| Q3 25 | $7.11 | $-9.89 | ||
| Q2 25 | $4.34 | $-275.46 | ||
| Q1 25 | $-0.57 | $-0.25 | ||
| Q4 24 | $2.57 | — | ||
| Q3 24 | $5.20 | $-0.06 | ||
| Q2 24 | $1.98 | $2.57 |
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 | $1.2B | $2.0B |
| 总债务越低越好 | $816.0M | $790.0M |
| 股东权益账面价值 | $15.7B | $-3.1B |
| 总资产 | $41.2B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资CINFQVCGA
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $2.0B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.1B | $897.0M | ||
| Q1 25 | $1.1B | $833.0M | ||
| Q4 24 | $1.3B | $905.0M | ||
| Q3 24 | $1.8B | $873.0M | ||
| Q2 24 | $771.0M | $1.2B |
总债务CINFQVCGA
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | $790.0M | ||
| Q3 25 | $858.0M | $5.9B | ||
| Q2 25 | $859.0M | $4.9B | ||
| Q1 25 | $853.0M | $5.0B | ||
| Q4 24 | $850.0M | $4.1B | ||
| Q3 24 | $849.0M | $5.1B | ||
| Q2 24 | $849.0M | $5.3B |
股东权益CINFQVCGA
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $-3.1B | ||
| Q3 25 | $15.4B | $-3.1B | ||
| Q2 25 | $14.3B | $-3.0B | ||
| Q1 25 | $13.7B | $-981.0M | ||
| Q4 24 | $13.9B | $-971.0M | ||
| Q3 24 | $13.8B | $397.0M | ||
| Q2 24 | $12.8B | $328.0M |
总资产CINFQVCGA
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $7.6B | ||
| Q3 25 | $40.6B | $7.6B | ||
| Q2 25 | $38.8B | $6.7B | ||
| Q1 25 | $37.3B | $9.0B | ||
| Q4 24 | $36.5B | $9.2B | ||
| Q3 24 | $37.0B | $10.8B | ||
| Q2 24 | $34.8B | $10.9B |
负债/权益比CINFQVCGA
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | 12.74× | ||
| Q2 24 | 0.07× | 16.28× |
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 | — | $244.0M |
| 自由现金流经营现金流 - 资本支出 | — | $191.0M |
| 自由现金流率自由现金流/营收 | — | 7.1% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $118.0M |
8季度趋势，按日历期对齐
经营现金流CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $244.0M | ||
| Q3 25 | $1.1B | $4.0M | ||
| Q2 25 | $741.0M | $86.0M | ||
| Q1 25 | $310.0M | $-60.0M | ||
| Q4 24 | $642.0M | $212.0M | ||
| Q3 24 | $912.0M | $20.0M | ||
| Q2 24 | $742.0M | $267.0M |
自由现金流CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | $191.0M | ||
| Q3 25 | $1.1B | $-27.0M | ||
| Q2 25 | $737.0M | $48.0M | ||
| Q1 25 | $307.0M | $-94.0M | ||
| Q4 24 | $638.0M | $150.0M | ||
| Q3 24 | $906.0M | $-23.0M | ||
| Q2 24 | $737.0M | $213.0M |
自由现金流率CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | 7.1% | ||
| Q3 25 | 29.8% | -1.2% | ||
| Q2 25 | 22.7% | 2.1% | ||
| Q1 25 | 12.0% | -4.5% | ||
| Q4 24 | 25.1% | 5.1% | ||
| Q3 24 | 27.3% | -1.0% | ||
| Q2 24 | 29.0% | 8.8% |
资本支出强度CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 2.0% | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 0.1% | 1.7% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.2% | 1.8% | ||
| Q2 24 | 0.2% | 2.2% |
现金转化率CINFQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.59× | — | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 2.38× | 13.35× |
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
CINF
| Property casualty | $2.6B | 93% |
| Life | $105.0M | 4% |
| Other | $92.0M | 3% |
| Fee revenues | $1.0M | 0% |
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% |
