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Globe Life（GL）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Globe Life的1.7倍（$2.7B vs $1.6B），Globe Life净利率更高（17.3% vs -1.4%，领先18.7%），Globe Life同比增速更快（5.3% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs 4.1%）
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
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。
GL vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.7倍
$1.6B
营收增速更快
GL
高出14.5%
-9.1%
净利率更高
GL
高出18.7%
-1.4%
两年增速更快
QVCGA
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.7B |
| 净利润 | $270.5M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | — | 3.7% |
| 净利率 | 17.3% | -1.4% |
| 营收同比 | 5.3% | -9.1% |
| 净利润同比 | — | 97.1% |
| 每股收益（稀释后） | $3.39 | $-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GLQVCGA
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.5B | $2.9B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.4B | $2.4B |
净利润GLQVCGA
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $-37.0M | ||
| Q3 25 | $387.8M | $-80.0M | ||
| Q2 25 | $252.7M | $-2.2B | ||
| Q1 25 | $254.6M | $-100.0M | ||
| Q4 24 | $255.2M | $-1.3B | ||
| Q3 24 | $303.0M | $-23.0M | ||
| Q2 24 | $258.4M | $20.0M |
毛利率GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | 26.1% | 35.3% | ||
| Q2 24 | 23.3% | 36.4% |
营业利润率GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 3.7% | ||
| Q3 25 | 31.5% | 2.7% | ||
| Q2 25 | 21.2% | -101.6% | ||
| Q1 25 | 21.4% | 0.7% | ||
| Q4 24 | 21.3% | -43.2% | ||
| Q3 24 | 26.3% | 6.5% | ||
| Q2 24 | 23.5% | 6.9% |
净利率GLQVCGA
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | -1.4% | ||
| Q3 25 | 25.6% | -3.6% | ||
| Q2 25 | 17.1% | -99.4% | ||
| Q1 25 | 17.2% | -4.8% | ||
| Q4 24 | 17.4% | -43.7% | ||
| Q3 24 | 20.8% | -1.0% | ||
| Q2 24 | 17.9% | 0.8% |
每股收益（稀释后）GLQVCGA
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $-17.37 | ||
| Q3 25 | $4.73 | $-9.89 | ||
| Q2 25 | $3.05 | $-275.46 | ||
| Q1 25 | $3.01 | $-0.25 | ||
| Q4 24 | $3.00 | — | ||
| Q3 24 | $3.44 | $-0.06 | ||
| Q2 24 | $2.83 | $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 | $183.8M | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $6.1B | $-3.1B |
| 总资产 | — | $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GLQVCGA
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $2.0B | ||
| Q3 25 | $62.8M | $1.8B | ||
| Q2 25 | $116.7M | $897.0M | ||
| Q1 25 | $134.1M | $833.0M | ||
| Q4 24 | $85.0M | $905.0M | ||
| Q3 24 | $100.5M | $873.0M | ||
| Q2 24 | $100.6M | $1.2B |
总债务GLQVCGA
| Q1 26 | — | — | ||
| 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 |
股东权益GLQVCGA
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $-3.1B | ||
| Q3 25 | $5.7B | $-3.1B | ||
| Q2 25 | $5.4B | $-3.0B | ||
| Q1 25 | $5.4B | $-981.0M | ||
| Q4 24 | $5.3B | $-971.0M | ||
| Q3 24 | $4.6B | $397.0M | ||
| Q2 24 | $5.2B | $328.0M |
总资产GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $7.6B | ||
| Q3 25 | $30.5B | $7.6B | ||
| Q2 25 | $29.8B | $6.7B | ||
| Q1 25 | $29.7B | $9.0B | ||
| Q4 24 | $29.1B | $9.2B | ||
| Q3 24 | $29.6B | $10.8B | ||
| Q2 24 | $28.3B | $10.9B |
负债/权益比GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 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 | — | $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 | — | — |
| 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GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $244.0M | ||
| Q3 25 | $306.0M | $4.0M | ||
| Q2 25 | $307.9M | $86.0M | ||
| Q1 25 | $431.9M | $-60.0M | ||
| Q4 24 | $336.9M | $212.0M | ||
| Q3 24 | $340.6M | $20.0M | ||
| Q2 24 | $374.1M | $267.0M |
自由现金流GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $191.0M | ||
| Q3 25 | $208.7M | $-27.0M | ||
| Q2 25 | $295.0M | $48.0M | ||
| Q1 25 | $420.1M | $-94.0M | ||
| Q4 24 | $321.9M | $150.0M | ||
| Q3 24 | $311.3M | $-23.0M | ||
| Q2 24 | $356.5M | $213.0M |
自由现金流率GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 7.1% | ||
| Q3 25 | 13.8% | -1.2% | ||
| Q2 25 | 19.9% | 2.1% | ||
| Q1 25 | 28.4% | -4.5% | ||
| Q4 24 | 22.0% | 5.1% | ||
| Q3 24 | 21.4% | -1.0% | ||
| Q2 24 | 24.8% | 8.8% |
资本支出强度GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 2.0% | ||
| Q3 25 | 6.4% | 1.4% | ||
| Q2 25 | 0.9% | 1.7% | ||
| Q1 25 | 0.8% | 1.6% | ||
| Q4 24 | 1.0% | 2.1% | ||
| Q3 24 | 2.0% | 1.8% | ||
| Q2 24 | 1.2% | 2.2% |
现金转化率GLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.45× | 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
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
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% |
