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哈特福德（HIG）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
哈特福德的季度营收约是QVC Group, Inc.的1.5倍（$4.1B vs $2.7B），哈特福德净利率更高（13.2% vs -1.4%，领先14.6%），QVC Group, Inc.同比增速更快（-9.1% vs -43.7%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -20.8%）
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
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。
HIG vs QVCGA — 直观对比
营收规模更大
HIG
是对方的1.5倍
$2.7B
营收增速更快
QVCGA
高出34.6%
-43.7%
净利率更高
HIG
高出14.6%
-1.4%
两年增速更快
QVCGA
近两年复合增速
-20.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $2.7B |
| 净利润 | $536.0M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | — | 3.7% |
| 净利率 | 13.2% | -1.4% |
| 营收同比 | -43.7% | -9.1% |
| 净利润同比 | 12.0% | 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HIGQVCGA
| Q1 26 | $4.1B | — | ||
| Q4 25 | $7.3B | $2.7B | ||
| Q3 25 | $7.2B | $2.2B | ||
| Q2 25 | $7.0B | $2.2B | ||
| Q1 25 | $6.8B | $2.1B | ||
| Q4 24 | $6.9B | $2.9B | ||
| Q3 24 | $6.8B | $2.3B | ||
| Q2 24 | $6.5B | $2.4B |
净利润HIGQVCGA
| Q1 26 | $536.0M | — | ||
| Q4 25 | — | $-37.0M | ||
| Q3 25 | $1.1B | $-80.0M | ||
| Q2 25 | $995.0M | $-2.2B | ||
| Q1 25 | $630.0M | $-100.0M | ||
| Q4 24 | — | $-1.3B | ||
| Q3 24 | $767.0M | $-23.0M | ||
| Q2 24 | $738.0M | $20.0M |
毛利率HIGQVCGA
| 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HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 3.7% | ||
| Q3 25 | 18.2% | 2.7% | ||
| Q2 25 | 17.8% | -101.6% | ||
| Q1 25 | 11.5% | 0.7% | ||
| Q4 24 | 15.6% | -43.2% | ||
| Q3 24 | 14.1% | 6.5% | ||
| Q2 24 | 14.1% | 6.9% |
净利率HIGQVCGA
| Q1 26 | 13.2% | — | ||
| Q4 25 | — | -1.4% | ||
| Q3 25 | 14.9% | -3.6% | ||
| Q2 25 | 14.2% | -99.4% | ||
| Q1 25 | 9.3% | -4.8% | ||
| Q4 24 | — | -43.7% | ||
| Q3 24 | 11.4% | -1.0% | ||
| Q2 24 | 11.4% | 0.8% |
每股收益（稀释后）HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $3.96 | $-17.37 | ||
| Q3 25 | $3.77 | $-9.89 | ||
| Q2 25 | $3.44 | $-275.46 | ||
| Q1 25 | $2.15 | $-0.25 | ||
| Q4 24 | $2.88 | — | ||
| Q3 24 | $2.56 | $-0.06 | ||
| Q2 24 | $2.44 | $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 | $1.7M | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $16.8M | $-3.1B |
| 总资产 | $86.3M | $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HIGQVCGA
| Q1 26 | $1.7M | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $897.0M | ||
| Q1 25 | — | $833.0M | ||
| Q4 24 | — | $905.0M | ||
| Q3 24 | — | $873.0M | ||
| Q2 24 | — | $1.2B |
总债务HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $790.0M | ||
| Q3 25 | $4.4B | $5.9B | ||
| Q2 25 | $4.4B | $4.9B | ||
| Q1 25 | $4.4B | $5.0B | ||
| Q4 24 | $4.4B | $4.1B | ||
| Q3 24 | $4.4B | $5.1B | ||
| Q2 24 | $4.4B | $5.3B |
股东权益HIGQVCGA
| Q1 26 | $16.8M | — | ||
| Q4 25 | $19.0B | $-3.1B | ||
| Q3 25 | $18.4B | $-3.1B | ||
| Q2 25 | $17.5B | $-3.0B | ||
| Q1 25 | $16.8B | $-981.0M | ||
| Q4 24 | $16.4B | $-971.0M | ||
| Q3 24 | $17.0B | $397.0M | ||
| Q2 24 | $15.7B | $328.0M |
总资产HIGQVCGA
| Q1 26 | $86.3M | — | ||
| Q4 25 | $86.0B | $7.6B | ||
| Q3 25 | $85.0B | $7.6B | ||
| Q2 25 | $83.6B | $6.7B | ||
| Q1 25 | $82.3B | $9.0B | ||
| Q4 24 | $80.9B | $9.2B | ||
| Q3 24 | $81.2B | $10.8B | ||
| Q2 24 | $79.0B | $10.9B |
负债/权益比HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | 0.26× | 12.74× | ||
| Q2 24 | 0.28× | 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HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $244.0M | ||
| Q3 25 | $1.8B | $4.0M | ||
| Q2 25 | $1.3B | $86.0M | ||
| Q1 25 | $985.0M | $-60.0M | ||
| Q4 24 | $5.9B | $212.0M | ||
| Q3 24 | $1.7B | $20.0M | ||
| Q2 24 | $1.3B | $267.0M |
自由现金流HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $191.0M | ||
| Q3 25 | $1.8B | $-27.0M | ||
| Q2 25 | $1.3B | $48.0M | ||
| Q1 25 | $947.0M | $-94.0M | ||
| Q4 24 | $5.8B | $150.0M | ||
| Q3 24 | $1.6B | $-23.0M | ||
| Q2 24 | $1.2B | $213.0M |
自由现金流率HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 78.4% | 7.1% | ||
| Q3 25 | 24.8% | -1.2% | ||
| Q2 25 | 17.9% | 2.1% | ||
| Q1 25 | 13.9% | -4.5% | ||
| Q4 24 | 83.8% | 5.1% | ||
| Q3 24 | 24.0% | -1.0% | ||
| Q2 24 | 18.5% | 8.8% |
资本支出强度HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 2.0% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 0.6% | 1.7% | ||
| Q1 25 | 0.6% | 1.6% | ||
| Q4 24 | 2.1% | 2.1% | ||
| Q3 24 | 0.9% | 1.8% | ||
| Q2 24 | 0.9% | 2.2% |
现金转化率HIGQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.19× | — | ||
| Q2 24 | 1.71× | 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
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 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% |
