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CVR ENERGY INC（CVI）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CVR ENERGY INC的1.5倍（$2.7B vs $1.8B），QVC Group, Inc.净利率更高（-1.4% vs -6.1%，领先4.7%），CVR ENERGY INC同比增速更快（-7.0% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -1.4%）
CVR能源是总部位于美国的能源控股企业，主营石油炼制与氮肥制造两大核心业务，生产汽油、柴油、航空燃油及农用化肥等产品，主要面向北美地区的商业、工业及农业客户供货。
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。
CVI vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.5倍
$1.8B
营收增速更快
CVI
高出2.1%
-9.1%
净利率更高
QVCGA
高出4.7%
-6.1%
两年增速更快
QVCGA
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.7B |
| 净利润 | $-110.0M | $-37.0M |
| 毛利率 | -3.1% | 32.9% |
| 营业利润率 | -5.3% | 3.7% |
| 净利率 | -6.1% | -1.4% |
| 营收同比 | -7.0% | -9.1% |
| 净利润同比 | -492.9% | 97.1% |
| 每股收益（稀释后） | $-1.09 | $-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CVIQVCGA
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $2.0B | $2.4B | ||
| Q1 24 | $1.9B | $2.3B |
净利润CVIQVCGA
| Q4 25 | $-110.0M | $-37.0M | ||
| Q3 25 | $374.0M | $-80.0M | ||
| Q2 25 | $-114.0M | $-2.2B | ||
| Q1 25 | $-123.0M | $-100.0M | ||
| Q4 24 | $28.0M | $-1.3B | ||
| Q3 24 | $-124.0M | $-23.0M | ||
| Q2 24 | $21.0M | $20.0M | ||
| Q1 24 | $82.0M | $-1.0M |
毛利率CVIQVCGA
| Q4 25 | -3.1% | 32.9% | ||
| Q3 25 | 28.8% | 34.0% | ||
| Q2 25 | -3.7% | 36.4% | ||
| Q1 25 | -5.5% | 34.2% | ||
| Q4 24 | 3.0% | 33.3% | ||
| Q3 24 | -3.9% | 35.3% | ||
| Q2 24 | 2.9% | 36.4% | ||
| Q1 24 | 8.6% | 35.5% |
营业利润率CVIQVCGA
| Q4 25 | -5.3% | 3.7% | ||
| Q3 25 | 26.3% | 2.7% | ||
| Q2 25 | -5.8% | -101.6% | ||
| Q1 25 | -8.0% | 0.7% | ||
| Q4 24 | 1.1% | -43.2% | ||
| Q3 24 | -6.2% | 6.5% | ||
| Q2 24 | 1.4% | 6.9% | ||
| Q1 24 | 6.6% | 6.2% |
净利率CVIQVCGA
| Q4 25 | -6.1% | -1.4% | ||
| Q3 25 | 19.2% | -3.6% | ||
| Q2 25 | -6.5% | -99.4% | ||
| Q1 25 | -7.5% | -4.8% | ||
| Q4 24 | 1.4% | -43.7% | ||
| Q3 24 | -6.8% | -1.0% | ||
| Q2 24 | 1.1% | 0.8% | ||
| Q1 24 | 4.4% | -0.0% |
每股收益（稀释后）CVIQVCGA
| Q4 25 | $-1.09 | $-17.37 | ||
| Q3 25 | $3.72 | $-9.89 | ||
| Q2 25 | $-1.14 | $-275.46 | ||
| Q1 25 | $-1.22 | $-0.25 | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $-1.24 | $-0.06 | ||
| Q2 24 | $0.21 | $2.57 | ||
| Q1 24 | $0.81 | — |
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 | $511.0M | $2.0B |
| 总债务越低越好 | $1.8B | $790.0M |
| 股东权益账面价值 | $730.0M | $-3.1B |
| 总资产 | $3.7B | $7.6B |
| 负债/权益比越低杠杆越低 | 2.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CVIQVCGA
| Q4 25 | $511.0M | $2.0B | ||
| Q3 25 | $670.0M | $1.8B | ||
| Q2 25 | $596.0M | $897.0M | ||
| Q1 25 | $695.0M | $833.0M | ||
| Q4 24 | $987.0M | $905.0M | ||
| Q3 24 | $534.0M | $873.0M | ||
| Q2 24 | $586.0M | $1.2B | ||
| Q1 24 | $644.0M | $1.1B |
总债务CVIQVCGA
| Q4 25 | $1.8B | $790.0M | ||
| Q3 25 | $1.8B | $5.9B | ||
| Q2 25 | $1.8B | $4.9B | ||
| Q1 25 | $1.9B | $5.0B | ||
| Q4 24 | $1.9B | $4.1B | ||
| Q3 24 | $1.6B | $5.1B | ||
| Q2 24 | $1.6B | $5.3B | ||
| Q1 24 | $1.6B | $5.5B |
股东权益CVIQVCGA
| Q4 25 | $730.0M | $-3.1B | ||
| Q3 25 | $840.0M | $-3.1B | ||
| Q2 25 | $466.0M | $-3.0B | ||
| Q1 25 | $580.0M | $-981.0M | ||
| Q4 24 | $703.0M | $-971.0M | ||
| Q3 24 | $675.0M | $397.0M | ||
| Q2 24 | $849.0M | $328.0M | ||
| Q1 24 | $879.0M | $255.0M |
总资产CVIQVCGA
| Q4 25 | $3.7B | $7.6B | ||
| Q3 25 | $4.0B | $7.6B | ||
| Q2 25 | $4.0B | $6.7B | ||
| Q1 25 | $4.3B | $9.0B | ||
| Q4 24 | $4.3B | $9.2B | ||
| Q3 24 | $3.9B | $10.8B | ||
| Q2 24 | $4.0B | $10.9B | ||
| Q1 24 | $4.1B | $11.0B |
负债/权益比CVIQVCGA
| Q4 25 | 2.40× | — | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 2.71× | — | ||
| Q3 24 | 2.33× | 12.74× | ||
| Q2 24 | 1.86× | 16.28× | ||
| Q1 24 | 1.79× | 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 | $0 | $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 | 3.0% | 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CVIQVCGA
| Q4 25 | $0 | $244.0M | ||
| Q3 25 | $163.0M | $4.0M | ||
| Q2 25 | $176.0M | $86.0M | ||
| Q1 25 | $-195.0M | $-60.0M | ||
| Q4 24 | $98.0M | $212.0M | ||
| Q3 24 | $48.0M | $20.0M | ||
| Q2 24 | $81.0M | $267.0M | ||
| Q1 24 | $177.0M | $26.0M |
自由现金流CVIQVCGA
| Q4 25 | — | $191.0M | ||
| Q3 25 | $125.0M | $-27.0M | ||
| Q2 25 | $135.0M | $48.0M | ||
| Q1 25 | $-246.0M | $-94.0M | ||
| Q4 24 | $43.0M | $150.0M | ||
| Q3 24 | $14.0M | $-23.0M | ||
| Q2 24 | $38.0M | $213.0M | ||
| Q1 24 | $130.0M | $-14.0M |
自由现金流率CVIQVCGA
| Q4 25 | — | 7.1% | ||
| Q3 25 | 6.4% | -1.2% | ||
| Q2 25 | 7.7% | 2.1% | ||
| Q1 25 | -14.9% | -4.5% | ||
| Q4 24 | 2.2% | 5.1% | ||
| Q3 24 | 0.8% | -1.0% | ||
| Q2 24 | 1.9% | 8.8% | ||
| Q1 24 | 7.0% | -0.6% |
资本支出强度CVIQVCGA
| Q4 25 | 3.0% | 2.0% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 2.3% | 1.7% | ||
| Q1 25 | 3.1% | 1.6% | ||
| Q4 24 | 2.8% | 2.1% | ||
| Q3 24 | 1.9% | 1.8% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 2.5% | 1.7% |
现金转化率CVIQVCGA
| Q4 25 | — | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.86× | 13.35× | ||
| Q1 24 | 2.16× | — |
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
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 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% |
