vs
格罗方德（GFS）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.的季度营收约是格罗方德的1.6倍（$2.7B vs $1.7B），格罗方德净利率更高（14.8% vs -1.4%，领先16.1%），格罗方德同比增速更快（-2.9% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
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。
GFS vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.6倍
$1.7B
营收增速更快
GFS
高出6.2%
-9.1%
净利率更高
GFS
高出16.1%
-1.4%
两年增速更快
QVCGA
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | $249.0M | $-37.0M |
| 毛利率 | 24.8% | 32.9% |
| 营业利润率 | 11.6% | 3.7% |
| 净利率 | 14.8% | -1.4% |
| 营收同比 | -2.9% | -9.1% |
| 净利润同比 | 39.9% | 97.1% |
| 每股收益（稀释后） | $0.44 | $-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GFSQVCGA
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $1.7B | $2.3B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.5B | $2.3B |
净利润GFSQVCGA
| Q4 25 | — | $-37.0M | ||
| Q3 25 | $249.0M | $-80.0M | ||
| Q2 25 | $228.0M | $-2.2B | ||
| Q1 25 | $211.0M | $-100.0M | ||
| Q4 24 | — | $-1.3B | ||
| Q3 24 | $178.0M | $-23.0M | ||
| Q2 24 | $155.0M | $20.0M | ||
| Q1 24 | $134.0M | $-1.0M |
毛利率GFSQVCGA
| Q4 25 | — | 32.9% | ||
| Q3 25 | 24.8% | 34.0% | ||
| Q2 25 | 24.2% | 36.4% | ||
| Q1 25 | 22.4% | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | 23.8% | 35.3% | ||
| Q2 24 | 24.2% | 36.4% | ||
| Q1 24 | 25.4% | 35.5% |
营业利润率GFSQVCGA
| Q4 25 | — | 3.7% | ||
| Q3 25 | 11.6% | 2.7% | ||
| Q2 25 | 11.6% | -101.6% | ||
| Q1 25 | 9.5% | 0.7% | ||
| Q4 24 | — | -43.2% | ||
| Q3 24 | 10.6% | 6.5% | ||
| Q2 24 | 9.5% | 6.9% | ||
| Q1 24 | 9.5% | 6.2% |
净利率GFSQVCGA
| Q4 25 | — | -1.4% | ||
| Q3 25 | 14.8% | -3.6% | ||
| Q2 25 | 13.5% | -99.4% | ||
| Q1 25 | 13.3% | -4.8% | ||
| Q4 24 | — | -43.7% | ||
| Q3 24 | 10.2% | -1.0% | ||
| Q2 24 | 9.5% | 0.8% | ||
| Q1 24 | 8.7% | -0.0% |
每股收益（稀释后）GFSQVCGA
| Q4 25 | — | $-17.37 | ||
| Q3 25 | $0.44 | $-9.89 | ||
| Q2 25 | $0.41 | $-275.46 | ||
| Q1 25 | $0.38 | $-0.25 | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.32 | $-0.06 | ||
| Q2 24 | $0.28 | $2.57 | ||
| Q1 24 | $0.24 | — |
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 | $2.0B | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $11.8B | $-3.1B |
| 总资产 | $16.7B | $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GFSQVCGA
| Q4 25 | — | $2.0B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $1.8B | $897.0M | ||
| Q1 25 | $1.6B | $833.0M | ||
| Q4 24 | — | $905.0M | ||
| Q3 24 | $2.3B | $873.0M | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.2B | $1.1B |
总债务GFSQVCGA
| 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GFSQVCGA
| Q4 25 | — | $-3.1B | ||
| Q3 25 | $11.8B | $-3.1B | ||
| Q2 25 | $11.5B | $-3.0B | ||
| Q1 25 | $11.1B | $-981.0M | ||
| Q4 24 | — | $-971.0M | ||
| Q3 24 | $11.6B | $397.0M | ||
| Q2 24 | $11.3B | $328.0M | ||
| Q1 24 | $11.3B | $255.0M |
总资产GFSQVCGA
| Q4 25 | — | $7.6B | ||
| Q3 25 | $16.7B | $7.6B | ||
| Q2 25 | $16.8B | $6.7B | ||
| Q1 25 | $16.5B | $9.0B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | $18.1B | $10.8B | ||
| Q2 24 | — | $10.9B | ||
| Q1 24 | — | $11.0B |
负债/权益比GFSQVCGA
| 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 | $595.0M | $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 | 2.39× | — |
| 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GFSQVCGA
| Q4 25 | — | $244.0M | ||
| Q3 25 | $595.0M | $4.0M | ||
| Q2 25 | $431.0M | $86.0M | ||
| Q1 25 | $331.0M | $-60.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $375.0M | $20.0M | ||
| Q2 24 | $402.0M | $267.0M | ||
| Q1 24 | $488.0M | $26.0M |
自由现金流GFSQVCGA
| Q4 25 | — | $191.0M | ||
| Q3 25 | — | $-27.0M | ||
| Q2 25 | — | $48.0M | ||
| Q1 25 | — | $-94.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $213.0M | ||
| Q1 24 | — | $-14.0M |
自由现金流率GFSQVCGA
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | -1.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -4.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -0.6% |
资本支出强度GFSQVCGA
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.7% |
现金转化率GFSQVCGA
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 2.59× | 13.35× | ||
| Q1 24 | 3.64× | — |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
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% |
