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KeyCorp（KEY）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KeyCorp的1.4倍（$2.7B vs $1.9B），KeyCorp净利率更高（26.8% vs -1.4%，领先28.2%），KeyCorp同比增速更快（10.2% vs -9.1%），过去两年KeyCorp的营收复合增速更高（12.9% vs 6.9%）
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
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。
KEY vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.4倍
$1.9B
营收增速更快
KEY
高出19.3%
-9.1%
净利率更高
KEY
高出28.2%
-1.4%
两年增速更快
KEY
近两年复合增速
6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.7B |
| 净利润 | $522.0M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | — | 3.7% |
| 净利率 | 26.8% | -1.4% |
| 营收同比 | 10.2% | -9.1% |
| 净利润同比 | 28.9% | 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KEYQVCGA
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $865.0M | $2.9B | ||
| Q3 24 | $695.0M | $2.3B | ||
| Q2 24 | $1.5B | $2.4B |
净利润KEYQVCGA
| Q1 26 | $522.0M | — | ||
| Q4 25 | $510.0M | $-37.0M | ||
| Q3 25 | $489.0M | $-80.0M | ||
| Q2 25 | $425.0M | $-2.2B | ||
| Q1 25 | $405.0M | $-100.0M | ||
| Q4 24 | $-244.0M | $-1.3B | ||
| Q3 24 | $-410.0M | $-23.0M | ||
| Q2 24 | $274.0M | $20.0M |
毛利率KEYQVCGA
| 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KEYQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 32.3% | 3.7% | ||
| Q3 25 | 31.8% | 2.7% | ||
| Q2 25 | 29.3% | -101.6% | ||
| Q1 25 | 29.0% | 0.7% | ||
| Q4 24 | -92.6% | -43.2% | ||
| Q3 24 | -72.8% | 6.5% | ||
| Q2 24 | 22.0% | 6.9% |
净利率KEYQVCGA
| Q1 26 | 26.8% | — | ||
| Q4 25 | 25.4% | -1.4% | ||
| Q3 25 | 25.8% | -3.6% | ||
| Q2 25 | 23.1% | -99.4% | ||
| Q1 25 | 22.8% | -4.8% | ||
| Q4 24 | -54.7% | -43.7% | ||
| Q3 24 | -59.0% | -1.0% | ||
| Q2 24 | 18.0% | 0.8% |
每股收益（稀释后）KEYQVCGA
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.43 | $-17.37 | ||
| Q3 25 | $0.41 | $-9.89 | ||
| Q2 25 | $0.35 | $-275.46 | ||
| Q1 25 | $0.33 | $-0.25 | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.47 | $-0.06 | ||
| Q2 24 | $0.25 | $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 | $11.8B | $2.0B |
| 总债务越低越好 | $10.9B | $790.0M |
| 股东权益账面价值 | $20.0B | $-3.1B |
| 总资产 | $188.7B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资KEYQVCGA
| Q1 26 | $11.8B | — | ||
| Q4 25 | $10.2B | $2.0B | ||
| Q3 25 | $13.3B | $1.8B | ||
| Q2 25 | $11.6B | $897.0M | ||
| Q1 25 | $15.3B | $833.0M | ||
| Q4 24 | $17.5B | $905.0M | ||
| Q3 24 | $22.8B | $873.0M | ||
| Q2 24 | $15.5B | $1.2B |
总债务KEYQVCGA
| Q1 26 | $10.9B | — | ||
| Q4 25 | $9.9B | $790.0M | ||
| Q3 25 | $10.9B | $5.9B | ||
| Q2 25 | $12.1B | $4.9B | ||
| Q1 25 | $12.4B | $5.0B | ||
| Q4 24 | $12.1B | $4.1B | ||
| Q3 24 | $15.7B | $5.1B | ||
| Q2 24 | $16.9B | $5.3B |
股东权益KEYQVCGA
| Q1 26 | $20.0B | — | ||
| Q4 25 | $20.4B | $-3.1B | ||
| Q3 25 | $20.1B | $-3.1B | ||
| Q2 25 | $19.5B | $-3.0B | ||
| Q1 25 | $19.0B | $-981.0M | ||
| Q4 24 | $18.2B | $-971.0M | ||
| Q3 24 | $16.9B | $397.0M | ||
| Q2 24 | $14.8B | $328.0M |
总资产KEYQVCGA
| Q1 26 | $188.7B | — | ||
| Q4 25 | $184.4B | $7.6B | ||
| Q3 25 | $187.4B | $7.6B | ||
| Q2 25 | $185.5B | $6.7B | ||
| Q1 25 | $188.7B | $9.0B | ||
| Q4 24 | $187.2B | $9.2B | ||
| Q3 24 | $189.8B | $10.8B | ||
| Q2 24 | $187.4B | $10.9B |
负债/权益比KEYQVCGA
| Q1 26 | 0.54× | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.93× | 12.74× | ||
| Q2 24 | 1.14× | 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KEYQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $244.0M | ||
| Q3 25 | $396.0M | $4.0M | ||
| Q2 25 | $1.2B | $86.0M | ||
| Q1 25 | $-140.0M | $-60.0M | ||
| Q4 24 | $664.0M | $212.0M | ||
| Q3 24 | $-1.2B | $20.0M | ||
| Q2 24 | $-217.0M | $267.0M |
自由现金流KEYQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $191.0M | ||
| Q3 25 | $367.0M | $-27.0M | ||
| Q2 25 | $1.2B | $48.0M | ||
| Q1 25 | $-150.0M | $-94.0M | ||
| Q4 24 | $599.0M | $150.0M | ||
| Q3 24 | $-1.2B | $-23.0M | ||
| Q2 24 | $-230.0M | $213.0M |
自由现金流率KEYQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 104.8% | 7.1% | ||
| Q3 25 | 19.4% | -1.2% | ||
| Q2 25 | 65.8% | 2.1% | ||
| Q1 25 | -8.5% | -4.5% | ||
| Q4 24 | 69.2% | 5.1% | ||
| Q3 24 | -175.8% | -1.0% | ||
| Q2 24 | -15.1% | 8.8% |
资本支出强度KEYQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 2.0% | ||
| Q3 25 | 1.5% | 1.4% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 0.6% | 1.6% | ||
| Q4 24 | 7.5% | 2.1% | ||
| Q3 24 | 2.4% | 1.8% | ||
| Q2 24 | 0.9% | 2.2% |
现金转化率KEYQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 4.33× | — | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 2.90× | — | ||
| Q1 25 | -0.35× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.79× | 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
KEY
| Net Interest Income | $1.2B | 63% |
| Noninterest Income | $723.0M | 37% |
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% |
