vs
Masco（MAS）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Masco的1.4倍（$2.7B vs $1.9B），Masco净利率更高（11.9% vs -1.4%，领先13.3%），Masco同比增速更快（6.5% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
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。
MAS 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
MAS
高出15.6%
-9.1%
净利率更高
MAS
高出13.3%
-1.4%
两年增速更快
QVCGA
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.7B |
| 净利润 | $228.0M | $-37.0M |
| 毛利率 | 35.8% | 32.9% |
| 营业利润率 | 16.5% | 3.7% |
| 净利率 | 11.9% | -1.4% |
| 营收同比 | 6.5% | -9.1% |
| 净利润同比 | 14.5% | 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MASQVCGA
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $2.0B | $2.3B | ||
| Q2 24 | $2.1B | $2.4B |
净利润MASQVCGA
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $-37.0M | ||
| Q3 25 | $189.0M | $-80.0M | ||
| Q2 25 | $270.0M | $-2.2B | ||
| Q1 25 | $186.0M | $-100.0M | ||
| Q4 24 | $182.0M | $-1.3B | ||
| Q3 24 | $167.0M | $-23.0M | ||
| Q2 24 | $258.0M | $20.0M |
毛利率MASQVCGA
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 32.9% | ||
| Q3 25 | 34.2% | 34.0% | ||
| Q2 25 | 37.6% | 36.4% | ||
| Q1 25 | 35.8% | 34.2% | ||
| Q4 24 | 34.8% | 33.3% | ||
| Q3 24 | 36.6% | 35.3% | ||
| Q2 24 | 37.5% | 36.4% |
营业利润率MASQVCGA
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 3.7% | ||
| Q3 25 | 15.8% | 2.7% | ||
| Q2 25 | 20.1% | -101.6% | ||
| Q1 25 | 15.9% | 0.7% | ||
| Q4 24 | 15.9% | -43.2% | ||
| Q3 24 | 18.0% | 6.5% | ||
| Q2 24 | 19.0% | 6.9% |
净利率MASQVCGA
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | -1.4% | ||
| Q3 25 | 9.9% | -3.6% | ||
| Q2 25 | 13.2% | -99.4% | ||
| Q1 25 | 10.3% | -4.8% | ||
| Q4 24 | 10.0% | -43.7% | ||
| Q3 24 | 8.4% | -1.0% | ||
| Q2 24 | 12.3% | 0.8% |
每股收益（稀释后）MASQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $-17.37 | ||
| Q3 25 | $0.90 | $-9.89 | ||
| Q2 25 | $1.28 | $-275.46 | ||
| Q1 25 | $0.87 | $-0.25 | ||
| Q4 24 | $0.85 | — | ||
| Q3 24 | $0.77 | $-0.06 | ||
| Q2 24 | $1.17 | $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 | — | $2.0B |
| 总债务越低越好 | $2.9B | $790.0M |
| 股东权益账面价值 | $27.0M | $-3.1B |
| 总资产 | $5.2B | $7.6B |
| 负债/权益比越低杠杆越低 | 109.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MASQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $2.0B | ||
| Q3 25 | $559.0M | $1.8B | ||
| Q2 25 | $390.0M | $897.0M | ||
| Q1 25 | $377.0M | $833.0M | ||
| Q4 24 | $634.0M | $905.0M | ||
| Q3 24 | $646.0M | $873.0M | ||
| Q2 24 | $398.0M | $1.2B |
总债务MASQVCGA
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $2.9B | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B |
股东权益MASQVCGA
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $-3.1B | ||
| Q3 25 | $-78.0M | $-3.1B | ||
| Q2 25 | $-84.0M | $-3.0B | ||
| Q1 25 | $-254.0M | $-981.0M | ||
| Q4 24 | $-279.0M | $-971.0M | ||
| Q3 24 | $-88.0M | $397.0M | ||
| Q2 24 | $-26.0M | $328.0M |
总资产MASQVCGA
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $7.6B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.3B | $6.7B | ||
| Q1 25 | $5.1B | $9.0B | ||
| Q4 24 | $5.0B | $9.2B | ||
| Q3 24 | $5.3B | $10.8B | ||
| Q2 24 | $5.4B | $10.9B |
负债/权益比MASQVCGA
| Q1 26 | 109.07× | — | ||
| 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 | 1.8% | 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MASQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $244.0M | ||
| Q3 25 | $456.0M | $4.0M | ||
| Q2 25 | $306.0M | $86.0M | ||
| Q1 25 | $-158.0M | $-60.0M | ||
| Q4 24 | $407.0M | $212.0M | ||
| Q3 24 | $416.0M | $20.0M | ||
| Q2 24 | $346.0M | $267.0M |
自由现金流MASQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $191.0M | ||
| Q3 25 | $415.0M | $-27.0M | ||
| Q2 25 | $270.0M | $48.0M | ||
| Q1 25 | $-190.0M | $-94.0M | ||
| Q4 24 | $351.0M | $150.0M | ||
| Q3 24 | $378.0M | $-23.0M | ||
| Q2 24 | $303.0M | $213.0M |
自由现金流率MASQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 7.1% | ||
| Q3 25 | 21.6% | -1.2% | ||
| Q2 25 | 13.2% | 2.1% | ||
| Q1 25 | -10.5% | -4.5% | ||
| Q4 24 | 19.2% | 5.1% | ||
| Q3 24 | 19.1% | -1.0% | ||
| Q2 24 | 14.5% | 8.8% |
资本支出强度MASQVCGA
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 2.0% | ||
| Q3 25 | 2.1% | 1.4% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 1.8% | 1.6% | ||
| Q4 24 | 3.1% | 2.1% | ||
| Q3 24 | 1.9% | 1.8% | ||
| Q2 24 | 2.1% | 2.2% |
现金转化率MASQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.34× | 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
MAS
暂无分部数据
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% |
