vs
CSX Corporation（CSX）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
CSX Corporation的季度营收约是QVC Group, Inc.的1.3倍（$3.5B vs $2.7B），CSX Corporation净利率更高（23.2% vs -1.4%，领先24.6%），CSX Corporation同比增速更快（1.7% vs -9.1%），CSX Corporation自由现金流更多（$793.0M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
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。
CSX vs QVCGA — 直观对比
营收规模更大
CSX
是对方的1.3倍
$2.7B
营收增速更快
CSX
高出10.8%
-9.1%
净利率更高
CSX
高出24.6%
-1.4%
自由现金流更多
CSX
多$602.0M
$191.0M
两年增速更快
QVCGA
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.7B |
| 净利润 | $807.0M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | 36.0% | 3.7% |
| 净利率 | 23.2% | -1.4% |
| 营收同比 | 1.7% | -9.1% |
| 净利润同比 | 24.9% | 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CSXQVCGA
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.7B | ||
| Q3 25 | $3.6B | $2.2B | ||
| Q2 25 | $3.6B | $2.2B | ||
| Q1 25 | $3.4B | $2.1B | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | $3.6B | $2.3B | ||
| Q2 24 | $3.7B | $2.4B |
净利润CSXQVCGA
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $-37.0M | ||
| Q3 25 | $694.0M | $-80.0M | ||
| Q2 25 | $829.0M | $-2.2B | ||
| Q1 25 | $646.0M | $-100.0M | ||
| Q4 24 | $720.0M | $-1.3B | ||
| Q3 24 | $894.0M | $-23.0M | ||
| Q2 24 | $963.0M | $20.0M |
毛利率CSXQVCGA
| 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CSXQVCGA
| Q1 26 | 36.0% | — | ||
| Q4 25 | 31.6% | 3.7% | ||
| Q3 25 | 30.3% | 2.7% | ||
| Q2 25 | 35.9% | -101.6% | ||
| Q1 25 | 30.4% | 0.7% | ||
| Q4 24 | 30.8% | -43.2% | ||
| Q3 24 | 37.4% | 6.5% | ||
| Q2 24 | 39.1% | 6.9% |
净利率CSXQVCGA
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | -1.4% | ||
| Q3 25 | 19.3% | -3.6% | ||
| Q2 25 | 23.2% | -99.4% | ||
| Q1 25 | 18.9% | -4.8% | ||
| Q4 24 | 20.3% | -43.7% | ||
| Q3 24 | 24.7% | -1.0% | ||
| Q2 24 | 26.0% | 0.8% |
每股收益（稀释后）CSXQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $-17.37 | ||
| Q3 25 | $0.37 | $-9.89 | ||
| Q2 25 | $0.44 | $-275.46 | ||
| Q1 25 | $0.34 | $-0.25 | ||
| Q4 24 | $0.38 | — | ||
| Q3 24 | $0.46 | $-0.06 | ||
| Q2 24 | $0.49 | $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 | $1.1B | $2.0B |
| 总债务越低越好 | $18.9B | $790.0M |
| 股东权益账面价值 | $13.6B | $-3.1B |
| 总资产 | $44.2B | $7.6B |
| 负债/权益比越低杠杆越低 | 1.39× | — |
8季度趋势，按日历期对齐
现金及短期投资CSXQVCGA
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | $2.0B | ||
| Q3 25 | $6.0M | $1.8B | ||
| Q2 25 | $6.0M | $897.0M | ||
| Q1 25 | $8.0M | $833.0M | ||
| Q4 24 | $72.0M | $905.0M | ||
| Q3 24 | $12.0M | $873.0M | ||
| Q2 24 | $4.0M | $1.2B |
总债务CSXQVCGA
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | $790.0M | ||
| Q3 25 | $18.6B | $5.9B | ||
| Q2 25 | $18.6B | $4.9B | ||
| Q1 25 | $18.5B | $5.0B | ||
| Q4 24 | $17.9B | $4.1B | ||
| Q3 24 | $18.5B | $5.1B | ||
| Q2 24 | $18.0B | $5.3B |
股东权益CSXQVCGA
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | $-3.1B | ||
| Q3 25 | $12.8B | $-3.1B | ||
| Q2 25 | $12.4B | $-3.0B | ||
| Q1 25 | $12.2B | $-981.0M | ||
| Q4 24 | $12.5B | $-971.0M | ||
| Q3 24 | $12.9B | $397.0M | ||
| Q2 24 | $12.6B | $328.0M |
总资产CSXQVCGA
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $7.6B | ||
| Q3 25 | $43.3B | $7.6B | ||
| Q2 25 | $42.9B | $6.7B | ||
| Q1 25 | $43.2B | $9.0B | ||
| Q4 24 | $42.8B | $9.2B | ||
| Q3 24 | $43.1B | $10.8B | ||
| Q2 24 | $42.4B | $10.9B |
负债/权益比CSXQVCGA
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.43× | 12.74× | ||
| Q2 24 | 1.42× | 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 | $1.3B | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 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 | 1.58× | — |
| 过去12个月自由现金流最近4个季度 | $2.0B | $118.0M |
8季度趋势，按日历期对齐
经营现金流CSXQVCGA
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $244.0M | ||
| Q3 25 | $1.3B | $4.0M | ||
| Q2 25 | $635.0M | $86.0M | ||
| Q1 25 | $1.3B | $-60.0M | ||
| Q4 24 | $1.4B | $212.0M | ||
| Q3 24 | $1.7B | $20.0M | ||
| Q2 24 | $1.1B | $267.0M |
自由现金流CSXQVCGA
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $191.0M | ||
| Q3 25 | $607.0M | $-27.0M | ||
| Q2 25 | $-141.0M | $48.0M | ||
| Q1 25 | $536.0M | $-94.0M | ||
| Q4 24 | $550.0M | $150.0M | ||
| Q3 24 | $1.1B | $-23.0M | ||
| Q2 24 | $547.0M | $213.0M |
自由现金流率CSXQVCGA
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | 7.1% | ||
| Q3 25 | 16.9% | -1.2% | ||
| Q2 25 | -3.9% | 2.1% | ||
| Q1 25 | 15.7% | -4.5% | ||
| Q4 24 | 15.5% | 5.1% | ||
| Q3 24 | 29.3% | -1.0% | ||
| Q2 24 | 14.8% | 8.8% |
资本支出强度CSXQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 2.0% | ||
| Q3 25 | 20.4% | 1.4% | ||
| Q2 25 | 21.7% | 1.7% | ||
| Q1 25 | 21.0% | 1.6% | ||
| Q4 24 | 23.7% | 2.1% | ||
| Q3 24 | 17.3% | 1.8% | ||
| Q2 24 | 14.6% | 2.2% |
现金转化率CSXQVCGA
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 1.94× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 1.13× | 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
CSX
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% |
