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高知特（CTSH）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
高知特的季度营收约是QVC Group, Inc.的2.0倍（$5.3B vs $2.7B），高知特净利率更高（12.2% vs -1.4%，领先13.5%），高知特同比增速更快（4.9% vs -9.1%），高知特自由现金流更多（$781.0M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs 5.8%）
高知特是美国跨国信息技术咨询与外包服务商，1994年成立于印度金奈，最初是邓白氏旗下内部技术部门，1996年起对外开展服务，现总部位于美国新泽西州蒂内克，为纳斯达克100指数成分股，股票代码CTSH。
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。
CTSH vs QVCGA — 直观对比
营收规模更大
CTSH
是对方的2.0倍
$2.7B
营收增速更快
CTSH
高出14.0%
-9.1%
净利率更高
CTSH
高出13.5%
-1.4%
自由现金流更多
CTSH
多$590.0M
$191.0M
两年增速更快
QVCGA
近两年复合增速
5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $2.7B |
| 净利润 | $648.0M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | 16.0% | 3.7% |
| 净利率 | 12.2% | -1.4% |
| 营收同比 | 4.9% | -9.1% |
| 净利润同比 | 18.7% | 97.1% |
| 每股收益（稀释后） | $1.35 | $-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CTSHQVCGA
| Q4 25 | $5.3B | $2.7B | ||
| Q3 25 | $5.4B | $2.2B | ||
| Q2 25 | $5.2B | $2.2B | ||
| Q1 25 | $5.1B | $2.1B | ||
| Q4 24 | $5.1B | $2.9B | ||
| Q3 24 | $5.0B | $2.3B | ||
| Q2 24 | $4.8B | $2.4B | ||
| Q1 24 | $4.8B | $2.3B |
净利润CTSHQVCGA
| Q4 25 | $648.0M | $-37.0M | ||
| Q3 25 | $274.0M | $-80.0M | ||
| Q2 25 | $645.0M | $-2.2B | ||
| Q1 25 | $663.0M | $-100.0M | ||
| Q4 24 | $546.0M | $-1.3B | ||
| Q3 24 | $582.0M | $-23.0M | ||
| Q2 24 | $566.0M | $20.0M | ||
| Q1 24 | $546.0M | $-1.0M |
毛利率CTSHQVCGA
| 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% | ||
| Q1 24 | — | 35.5% |
营业利润率CTSHQVCGA
| Q4 25 | 16.0% | 3.7% | ||
| Q3 25 | 16.0% | 2.7% | ||
| Q2 25 | 15.6% | -101.6% | ||
| Q1 25 | 16.7% | 0.7% | ||
| Q4 24 | 14.8% | -43.2% | ||
| Q3 24 | 14.6% | 6.5% | ||
| Q2 24 | 14.6% | 6.9% | ||
| Q1 24 | 14.6% | 6.2% |
净利率CTSHQVCGA
| Q4 25 | 12.2% | -1.4% | ||
| Q3 25 | 5.1% | -3.6% | ||
| Q2 25 | 12.3% | -99.4% | ||
| Q1 25 | 13.0% | -4.8% | ||
| Q4 24 | 10.7% | -43.7% | ||
| Q3 24 | 11.5% | -1.0% | ||
| Q2 24 | 11.7% | 0.8% | ||
| Q1 24 | 11.5% | -0.0% |
每股收益（稀释后）CTSHQVCGA
| Q4 25 | $1.35 | $-17.37 | ||
| Q3 25 | $0.56 | $-9.89 | ||
| Q2 25 | $1.31 | $-275.46 | ||
| Q1 25 | $1.34 | $-0.25 | ||
| Q4 24 | $1.10 | — | ||
| Q3 24 | $1.17 | $-0.06 | ||
| Q2 24 | $1.14 | $2.57 | ||
| Q1 24 | $1.10 | — |
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 | $1.9B | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $15.0B | $-3.1B |
| 总资产 | $20.7B | $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CTSHQVCGA
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $1.8B | $897.0M | ||
| Q1 25 | $2.0B | $833.0M | ||
| Q4 24 | $2.2B | $905.0M | ||
| Q3 24 | $2.0B | $873.0M | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.2B | $1.1B |
总债务CTSHQVCGA
| 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 | — | $5.3B | ||
| Q1 24 | — | $5.5B |
股东权益CTSHQVCGA
| Q4 25 | $15.0B | $-3.1B | ||
| Q3 25 | $14.9B | $-3.1B | ||
| Q2 25 | $15.3B | $-3.0B | ||
| Q1 25 | $14.9B | $-981.0M | ||
| Q4 24 | $14.4B | $-971.0M | ||
| Q3 24 | $14.5B | $397.0M | ||
| Q2 24 | $13.9B | $328.0M | ||
| Q1 24 | $13.5B | $255.0M |
总资产CTSHQVCGA
| Q4 25 | $20.7B | $7.6B | ||
| Q3 25 | $20.1B | $7.6B | ||
| Q2 25 | $20.2B | $6.7B | ||
| Q1 25 | $20.0B | $9.0B | ||
| Q4 24 | $20.0B | $9.2B | ||
| Q3 24 | $20.2B | $10.8B | ||
| Q2 24 | $18.6B | $10.9B | ||
| Q1 24 | $18.4B | $11.0B |
负债/权益比CTSHQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 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 | $858.0M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $781.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 14.6% | 7.1% |
| 资本支出强度资本支出/营收 | 1.4% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.32× | — |
| 过去12个月自由现金流最近4个季度 | $2.6B | $118.0M |
8季度趋势，按日历期对齐
经营现金流CTSHQVCGA
| Q4 25 | $858.0M | $244.0M | ||
| Q3 25 | $1.2B | $4.0M | ||
| Q2 25 | $398.0M | $86.0M | ||
| Q1 25 | $400.0M | $-60.0M | ||
| Q4 24 | $920.0M | $212.0M | ||
| Q3 24 | $847.0M | $20.0M | ||
| Q2 24 | $262.0M | $267.0M | ||
| Q1 24 | $95.0M | $26.0M |
自由现金流CTSHQVCGA
| Q4 25 | $781.0M | $191.0M | ||
| Q3 25 | $1.2B | $-27.0M | ||
| Q2 25 | $331.0M | $48.0M | ||
| Q1 25 | $323.0M | $-94.0M | ||
| Q4 24 | $837.0M | $150.0M | ||
| Q3 24 | $791.0M | $-23.0M | ||
| Q2 24 | $183.0M | $213.0M | ||
| Q1 24 | $16.0M | $-14.0M |
自由现金流率CTSHQVCGA
| Q4 25 | 14.6% | 7.1% | ||
| Q3 25 | 21.4% | -1.2% | ||
| Q2 25 | 6.3% | 2.1% | ||
| Q1 25 | 6.3% | -4.5% | ||
| Q4 24 | 16.5% | 5.1% | ||
| Q3 24 | 15.7% | -1.0% | ||
| Q2 24 | 3.8% | 8.8% | ||
| Q1 24 | 0.3% | -0.6% |
资本支出强度CTSHQVCGA
| Q4 25 | 1.4% | 2.0% | ||
| Q3 25 | 1.2% | 1.4% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 1.5% | 1.6% | ||
| Q4 24 | 1.6% | 2.1% | ||
| Q3 24 | 1.1% | 1.8% | ||
| Q2 24 | 1.6% | 2.2% | ||
| Q1 24 | 1.7% | 1.7% |
现金转化率CTSHQVCGA
| Q4 25 | 1.32× | — | ||
| Q3 25 | 4.48× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 0.46× | 13.35× | ||
| Q1 24 | 0.17× | — |
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
CTSH
| Health Sciences | $1.4B | 25% |
| Financial Services | $1.1B | 21% |
| Consulting And Technology Services | $944.0M | 18% |
| Productsand Resources | $921.0M | 17% |
| Outsourcing Services | $677.0M | 13% |
| Transaction Or Volume Based | $308.0M | 6% |
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% |
