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CLEVELAND-CLIFFS INC.（CLF）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
CLEVELAND-CLIFFS INC.的季度营收约是QVC Group, Inc.的1.6倍（$4.3B vs $2.7B），QVC Group, Inc.净利率更高（-1.4% vs -5.6%，领先4.2%），CLEVELAND-CLIFFS INC.同比增速更快（-0.3% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $-153.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -8.9%）
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
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。
CLF vs QVCGA — 直观对比
营收规模更大
CLF
是对方的1.6倍
$2.7B
营收增速更快
CLF
高出8.8%
-9.1%
净利率更高
QVCGA
高出4.2%
-5.6%
自由现金流更多
QVCGA
多$344.0M
$-153.0M
两年增速更快
QVCGA
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $2.7B |
| 净利润 | $-241.0M | $-37.0M |
| 毛利率 | -5.0% | 32.9% |
| 营业利润率 | -7.9% | 3.7% |
| 净利率 | -5.6% | -1.4% |
| 营收同比 | -0.3% | -9.1% |
| 净利润同比 | 46.1% | 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CLFQVCGA
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.9B | $2.2B | ||
| Q1 25 | $4.6B | $2.1B | ||
| Q4 24 | $4.3B | $2.9B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $5.1B | $2.4B | ||
| Q1 24 | $5.2B | $2.3B |
净利润CLFQVCGA
| Q4 25 | $-241.0M | $-37.0M | ||
| Q3 25 | $-251.0M | $-80.0M | ||
| Q2 25 | $-470.0M | $-2.2B | ||
| Q1 25 | $-483.0M | $-100.0M | ||
| Q4 24 | $-447.0M | $-1.3B | ||
| Q3 24 | $-242.0M | $-23.0M | ||
| Q2 24 | $2.0M | $20.0M | ||
| Q1 24 | $-67.0M | $-1.0M |
毛利率CLFQVCGA
| Q4 25 | -5.0% | 32.9% | ||
| Q3 25 | -1.0% | 34.0% | ||
| Q2 25 | -4.2% | 36.4% | ||
| Q1 25 | -8.4% | 34.2% | ||
| Q4 24 | -6.3% | 33.3% | ||
| Q3 24 | -2.3% | 35.3% | ||
| Q2 24 | 3.2% | 36.4% | ||
| Q1 24 | 5.5% | 35.5% |
营业利润率CLFQVCGA
| Q4 25 | -7.9% | 3.7% | ||
| Q3 25 | -4.3% | 2.7% | ||
| Q2 25 | -10.1% | -101.6% | ||
| Q1 25 | -11.6% | 0.7% | ||
| Q4 24 | -10.8% | -43.2% | ||
| Q3 24 | -5.7% | 6.5% | ||
| Q2 24 | 0.1% | 6.9% | ||
| Q1 24 | -0.7% | 6.2% |
净利率CLFQVCGA
| Q4 25 | -5.6% | -1.4% | ||
| Q3 25 | -5.3% | -3.6% | ||
| Q2 25 | -9.5% | -99.4% | ||
| Q1 25 | -10.4% | -4.8% | ||
| Q4 24 | -10.3% | -43.7% | ||
| Q3 24 | -5.3% | -1.0% | ||
| Q2 24 | 0.0% | 0.8% | ||
| Q1 24 | -1.3% | -0.0% |
每股收益（稀释后）CLFQVCGA
| Q4 25 | — | $-17.37 | ||
| Q3 25 | $-0.51 | $-9.89 | ||
| Q2 25 | — | $-275.46 | ||
| Q1 25 | — | $-0.25 | ||
| Q4 24 | $-0.91 | — | ||
| Q3 24 | $-0.52 | $-0.06 | ||
| Q2 24 | $0.00 | $2.57 | ||
| Q1 24 | $-0.14 | — |
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 | $57.0M | $2.0B |
| 总债务越低越好 | $7.3B | $790.0M |
| 股东权益账面价值 | $6.1B | $-3.1B |
| 总资产 | $20.0B | $7.6B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资CLFQVCGA
| Q4 25 | $57.0M | $2.0B | ||
| Q3 25 | $66.0M | $1.8B | ||
| Q2 25 | $61.0M | $897.0M | ||
| Q1 25 | $57.0M | $833.0M | ||
| Q4 24 | $54.0M | $905.0M | ||
| Q3 24 | $39.0M | $873.0M | ||
| Q2 24 | $110.0M | $1.2B | ||
| Q1 24 | $30.0M | $1.1B |
总债务CLFQVCGA
| Q4 25 | $7.3B | $790.0M | ||
| Q3 25 | $8.0B | $5.9B | ||
| Q2 25 | $7.7B | $4.9B | ||
| Q1 25 | $7.6B | $5.0B | ||
| Q4 24 | $7.1B | $4.1B | ||
| Q3 24 | $3.8B | $5.1B | ||
| Q2 24 | $3.5B | $5.3B | ||
| Q1 24 | $3.7B | $5.5B |
股东权益CLFQVCGA
| Q4 25 | $6.1B | $-3.1B | ||
| Q3 25 | $5.5B | $-3.1B | ||
| Q2 25 | $5.8B | $-3.0B | ||
| Q1 25 | $6.3B | $-981.0M | ||
| Q4 24 | $6.7B | $-971.0M | ||
| Q3 24 | $6.9B | $397.0M | ||
| Q2 24 | $7.1B | $328.0M | ||
| Q1 24 | $7.2B | $255.0M |
总资产CLFQVCGA
| Q4 25 | $20.0B | $7.6B | ||
| Q3 25 | $20.3B | $7.6B | ||
| Q2 25 | $20.5B | $6.7B | ||
| Q1 25 | $20.8B | $9.0B | ||
| Q4 24 | $20.9B | $9.2B | ||
| Q3 24 | $16.8B | $10.8B | ||
| Q2 24 | $16.9B | $10.9B | ||
| Q1 24 | $17.2B | $11.0B |
负债/权益比CLFQVCGA
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.55× | 12.74× | ||
| Q2 24 | 0.49× | 16.28× | ||
| Q1 24 | 0.51× | 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 | $-13.0M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $191.0M |
| 自由现金流率自由现金流/营收 | -3.5% | 7.1% |
| 资本支出强度资本支出/营收 | 3.2% | 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 | $-1.0B | $118.0M |
8季度趋势，按日历期对齐
经营现金流CLFQVCGA
| Q4 25 | $-13.0M | $244.0M | ||
| Q3 25 | $-143.0M | $4.0M | ||
| Q2 25 | $45.0M | $86.0M | ||
| Q1 25 | $-351.0M | $-60.0M | ||
| Q4 24 | $-472.0M | $212.0M | ||
| Q3 24 | $-84.0M | $20.0M | ||
| Q2 24 | $519.0M | $267.0M | ||
| Q1 24 | $142.0M | $26.0M |
自由现金流CLFQVCGA
| Q4 25 | $-153.0M | $191.0M | ||
| Q3 25 | $-300.0M | $-27.0M | ||
| Q2 25 | $-67.0M | $48.0M | ||
| Q1 25 | $-503.0M | $-94.0M | ||
| Q4 24 | $-677.0M | $150.0M | ||
| Q3 24 | $-235.0M | $-23.0M | ||
| Q2 24 | $362.0M | $213.0M | ||
| Q1 24 | $-40.0M | $-14.0M |
自由现金流率CLFQVCGA
| Q4 25 | -3.5% | 7.1% | ||
| Q3 25 | -6.3% | -1.2% | ||
| Q2 25 | -1.4% | 2.1% | ||
| Q1 25 | -10.9% | -4.5% | ||
| Q4 24 | -15.7% | 5.1% | ||
| Q3 24 | -5.1% | -1.0% | ||
| Q2 24 | 7.1% | 8.8% | ||
| Q1 24 | -0.8% | -0.6% |
资本支出强度CLFQVCGA
| Q4 25 | 3.2% | 2.0% | ||
| Q3 25 | 3.3% | 1.4% | ||
| Q2 25 | 2.3% | 1.7% | ||
| Q1 25 | 3.3% | 1.6% | ||
| Q4 24 | 4.7% | 2.1% | ||
| Q3 24 | 3.3% | 1.8% | ||
| Q2 24 | 3.1% | 2.2% | ||
| Q1 24 | 3.5% | 1.7% |
现金转化率CLFQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 259.50× | 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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
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% |
