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Jacobs Solutions（J）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
Jacobs Solutions的季度营收约是QVC Group, Inc.的1.2倍（$3.3B vs $2.7B），Jacobs Solutions净利率更高（3.8% vs -1.4%，领先5.2%），Jacobs Solutions同比增速更快（12.3% vs -9.1%），Jacobs Solutions自由现金流更多（$364.9M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -12.2%）
Jacobs Solutions是总部位于美国得克萨斯州达拉斯市的国际技术专业服务企业，面向全球各类企业、社会组织及政府机构客户，提供工程、技术、专业及施工服务，同时开展科学研究与专项咨询业务，在所属行业长期处于领先地位。
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。
J vs QVCGA — 直观对比
营收规模更大
J
是对方的1.2倍
$2.7B
营收增速更快
J
高出21.4%
-9.1%
净利率更高
J
高出5.2%
-1.4%
自由现金流更多
J
多$173.9M
$191.0M
两年增速更快
QVCGA
近两年复合增速
-12.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.7B |
| 净利润 | $125.5M | $-37.0M |
| 毛利率 | 23.2% | 32.9% |
| 营业利润率 | 7.1% | 3.7% |
| 净利率 | 3.8% | -1.4% |
| 营收同比 | 12.3% | -9.1% |
| 净利润同比 | 792.3% | 97.1% |
| 每股收益（稀释后） | $1.12 | $-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JQVCGA
| Q4 25 | $3.3B | $2.7B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.0B | $2.2B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $2.9B | $2.9B | ||
| Q3 24 | $-1.2B | $2.3B | ||
| Q2 24 | $4.2B | $2.4B | ||
| Q1 24 | $4.3B | $2.3B |
净利润JQVCGA
| Q4 25 | $125.5M | $-37.0M | ||
| Q3 25 | $122.2M | $-80.0M | ||
| Q2 25 | $179.6M | $-2.2B | ||
| Q1 25 | $5.6M | $-100.0M | ||
| Q4 24 | $-18.1M | $-1.3B | ||
| Q3 24 | $325.4M | $-23.0M | ||
| Q2 24 | $146.9M | $20.0M | ||
| Q1 24 | $162.1M | $-1.0M |
毛利率JQVCGA
| Q4 25 | 23.2% | 32.9% | ||
| Q3 25 | 24.3% | 34.0% | ||
| Q2 25 | 25.0% | 36.4% | ||
| Q1 25 | 25.4% | 34.2% | ||
| Q4 24 | 24.6% | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | 21.7% | 36.4% | ||
| Q1 24 | 21.2% | 35.5% |
营业利润率JQVCGA
| Q4 25 | 7.1% | 3.7% | ||
| Q3 25 | 6.7% | 2.7% | ||
| Q2 25 | 7.8% | -101.6% | ||
| Q1 25 | 7.2% | 0.7% | ||
| Q4 24 | 7.1% | -43.2% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | 6.2% | 6.9% | ||
| Q1 24 | 6.6% | 6.2% |
净利率JQVCGA
| Q4 25 | 3.8% | -1.4% | ||
| Q3 25 | 3.9% | -3.6% | ||
| Q2 25 | 5.9% | -99.4% | ||
| Q1 25 | 0.2% | -4.8% | ||
| Q4 24 | -0.6% | -43.7% | ||
| Q3 24 | -28.1% | -1.0% | ||
| Q2 24 | 3.5% | 0.8% | ||
| Q1 24 | 3.8% | -0.0% |
每股收益（稀释后）JQVCGA
| Q4 25 | $1.12 | $-17.37 | ||
| Q3 25 | $0.88 | $-9.89 | ||
| Q2 25 | $1.55 | $-275.46 | ||
| Q1 25 | $0.06 | $-0.25 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $2.50 | $-0.06 | ||
| Q2 24 | $1.17 | $2.57 | ||
| Q1 24 | $1.28 | — |
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 | $1.6B | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $3.4B | $-3.1B |
| 总资产 | $11.6B | $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JQVCGA
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.3B | $897.0M | ||
| Q1 25 | $1.2B | $833.0M | ||
| Q4 24 | $1.3B | $905.0M | ||
| Q3 24 | $1.1B | $873.0M | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.0B | $1.1B |
总债务JQVCGA
| 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JQVCGA
| Q4 25 | $3.4B | $-3.1B | ||
| Q3 25 | $3.6B | $-3.1B | ||
| Q2 25 | $3.8B | $-3.0B | ||
| Q1 25 | $3.9B | $-981.0M | ||
| Q4 24 | $4.2B | $-971.0M | ||
| Q3 24 | $4.5B | $397.0M | ||
| Q2 24 | $6.6B | $328.0M | ||
| Q1 24 | $6.6B | $255.0M |
总资产JQVCGA
| Q4 25 | $11.6B | $7.6B | ||
| Q3 25 | $11.3B | $7.6B | ||
| Q2 25 | $11.4B | $6.7B | ||
| Q1 25 | $11.2B | $9.0B | ||
| Q4 24 | $11.6B | $9.2B | ||
| Q3 24 | $11.8B | $10.8B | ||
| Q2 24 | $15.0B | $10.9B | ||
| Q1 24 | $14.9B | $11.0B |
负债/权益比JQVCGA
| 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 | $380.8M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $364.9M | $191.0M |
| 自由现金流率自由现金流/营收 | 11.1% | 7.1% |
| 资本支出强度资本支出/营收 | 0.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.03× | — |
| 过去12个月自由现金流最近4个季度 | $875.3M | $118.0M |
8季度趋势，按日历期对齐
经营现金流JQVCGA
| Q4 25 | $380.8M | $244.0M | ||
| Q3 25 | $383.1M | $4.0M | ||
| Q2 25 | $292.6M | $86.0M | ||
| Q1 25 | $-96.4M | $-60.0M | ||
| Q4 24 | $107.5M | $212.0M | ||
| Q3 24 | $196.5M | $20.0M | ||
| Q2 24 | $482.6M | $267.0M | ||
| Q1 24 | $-42.8M | $26.0M |
自由现金流JQVCGA
| Q4 25 | $364.9M | $191.0M | ||
| Q3 25 | $353.5M | $-27.0M | ||
| Q2 25 | $270.5M | $48.0M | ||
| Q1 25 | $-113.7M | $-94.0M | ||
| Q4 24 | $97.1M | $150.0M | ||
| Q3 24 | $158.2M | $-23.0M | ||
| Q2 24 | $444.9M | $213.0M | ||
| Q1 24 | $-70.6M | $-14.0M |
自由现金流率JQVCGA
| Q4 25 | 11.1% | 7.1% | ||
| Q3 25 | 11.2% | -1.2% | ||
| Q2 25 | 8.9% | 2.1% | ||
| Q1 25 | -3.9% | -4.5% | ||
| Q4 24 | 3.3% | 5.1% | ||
| Q3 24 | -13.6% | -1.0% | ||
| Q2 24 | 10.5% | 8.8% | ||
| Q1 24 | -1.7% | -0.6% |
资本支出强度JQVCGA
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 0.9% | 1.4% | ||
| Q2 25 | 0.7% | 1.7% | ||
| Q1 25 | 0.6% | 1.6% | ||
| Q4 24 | 0.4% | 2.1% | ||
| Q3 24 | -3.3% | 1.8% | ||
| Q2 24 | 0.9% | 2.2% | ||
| Q1 24 | 0.7% | 1.7% |
现金转化率JQVCGA
| Q4 25 | 3.03× | — | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | -17.18× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 3.28× | 13.35× | ||
| Q1 24 | -0.26× | — |
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
J
| Infrastructure Advanced Facilities | $2.9B | 89% |
| PA Consulting | $354.4M | 11% |
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% |
