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MERCURY GENERAL CORP（MCY）与QVC INC（QVCD）财务数据对比。点击上方公司名可切换其他公司
QVC INC的季度营收约是MERCURY GENERAL CORP的1.6倍（$2.4B vs $1.5B），MERCURY GENERAL CORP净利率更高（13.2% vs 1.5%，领先11.7%），MERCURY GENERAL CORP同比增速更快（12.4% vs -8.9%），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs 7.1%）
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
MCY vs QVCD — 直观对比
营收规模更大
QVCD
是对方的1.6倍
$1.5B
营收增速更快
MCY
高出21.4%
-8.9%
净利率更高
MCY
高出11.7%
1.5%
两年增速更快
MCY
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.4B |
| 净利润 | $202.5M | $37.0M |
| 毛利率 | 99.7% | 32.5% |
| 营业利润率 | 16.2% | 5.6% |
| 净利率 | 13.2% | 1.5% |
| 营收同比 | 12.4% | -8.9% |
| 净利润同比 | 100.4% | 103.0% |
| 每股收益（稀释后） | $3.66 | — |
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MCYQVCD
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | $2.7B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.3B | $2.1B | ||
| Q1 24 | $1.3B | $2.1B |
净利润MCYQVCD
| Q4 25 | $202.5M | $37.0M | ||
| Q3 25 | $280.4M | $2.0M | ||
| Q2 25 | $166.5M | $-2.2B | ||
| Q1 25 | $-108.3M | $-42.0M | ||
| Q4 24 | $101.1M | $-1.2B | ||
| Q3 24 | $230.9M | $51.0M | ||
| Q2 24 | $62.6M | $53.0M | ||
| Q1 24 | $73.5M | $51.0M |
毛利率MCYQVCD
| Q4 25 | 99.7% | 32.5% | ||
| Q3 25 | 99.8% | 33.6% | ||
| Q2 25 | 99.8% | 35.4% | ||
| Q1 25 | 99.7% | 33.3% | ||
| Q4 24 | 99.7% | 32.6% | ||
| Q3 24 | 99.8% | 34.7% | ||
| Q2 24 | 99.8% | 35.6% | ||
| Q1 24 | 99.7% | 35.0% |
营业利润率MCYQVCD
| Q4 25 | 16.2% | 5.6% | ||
| Q3 25 | 22.1% | 4.6% | ||
| Q2 25 | 14.0% | -114.5% | ||
| Q1 25 | -10.2% | 1.5% | ||
| Q4 24 | 9.0% | -47.1% | ||
| Q3 24 | 18.8% | 7.8% | ||
| Q2 24 | 5.8% | 7.6% | ||
| Q1 24 | 7.0% | 7.4% |
净利率MCYQVCD
| Q4 25 | 13.2% | 1.5% | ||
| Q3 25 | 17.7% | 0.1% | ||
| Q2 25 | 11.3% | -109.1% | ||
| Q1 25 | -7.8% | -2.2% | ||
| Q4 24 | 7.4% | -46.0% | ||
| Q3 24 | 15.1% | 2.4% | ||
| Q2 24 | 4.8% | 2.5% | ||
| Q1 24 | 5.8% | 2.4% |
每股收益（稀释后）MCYQVCD
| Q4 25 | $3.66 | — | ||
| Q3 25 | $5.06 | — | ||
| Q2 25 | $3.01 | — | ||
| Q1 25 | $-1.96 | — | ||
| Q4 24 | $1.82 | — | ||
| Q3 24 | $4.17 | — | ||
| Q2 24 | $1.13 | — | ||
| Q1 24 | $1.33 | — |
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 | — | $1.5B |
| 总债务越低越好 | $575.0M | $1.0M |
| 股东权益账面价值 | $2.4B | $1.2B |
| 总资产 | $9.6B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.24× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MCYQVCD
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $297.0M | ||
| Q3 24 | — | $297.0M | ||
| Q2 24 | — | $315.0M | ||
| Q1 24 | — | $311.0M |
总债务MCYQVCD
| Q4 25 | $575.0M | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | $575.0M | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
股东权益MCYQVCD
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.8B | $3.3B | ||
| Q4 24 | $1.9B | $3.3B | ||
| Q3 24 | $1.9B | $4.6B | ||
| Q2 24 | $1.6B | $4.3B | ||
| Q1 24 | $1.6B | $4.2B |
总资产MCYQVCD
| Q4 25 | $9.6B | $8.5B | ||
| Q3 25 | $9.4B | $8.3B | ||
| Q2 25 | $9.1B | $7.4B | ||
| Q1 25 | $9.0B | $9.7B | ||
| Q4 24 | $8.3B | $9.9B | ||
| Q3 24 | $8.2B | $9.9B | ||
| Q2 24 | $7.7B | $11.2B | ||
| Q1 24 | $7.4B | $11.4B |
负债/权益比MCYQVCD
| Q4 25 | 0.24× | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | 0.30× | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $287.9M | $245.0M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | — |
| 自由现金流率自由现金流/营收 | 17.8% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 1.42× | 6.62× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流MCYQVCD
| Q4 25 | $287.9M | $245.0M | ||
| Q3 25 | $496.4M | $76.0M | ||
| Q2 25 | $371.6M | $52.0M | ||
| Q1 25 | $-68.7M | $46.0M | ||
| Q4 24 | $248.3M | $189.0M | ||
| Q3 24 | $318.1M | $98.0M | ||
| Q2 24 | $278.0M | $164.0M | ||
| Q1 24 | $192.6M | $84.0M |
自由现金流MCYQVCD
| Q4 25 | $273.9M | — | ||
| Q3 25 | $479.5M | — | ||
| Q2 25 | $357.2M | — | ||
| Q1 25 | $-81.9M | — | ||
| Q4 24 | $236.0M | — | ||
| Q3 24 | $306.2M | — | ||
| Q2 24 | $266.5M | — | ||
| Q1 24 | $182.4M | — |
自由现金流率MCYQVCD
| Q4 25 | 17.8% | — | ||
| Q3 25 | 30.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 20.4% | — | ||
| Q1 24 | 14.3% | — |
资本支出强度MCYQVCD
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 0.8% | — |
现金转化率MCYQVCD
| Q4 25 | 1.42× | 6.62× | ||
| Q3 25 | 1.77× | 38.00× | ||
| Q2 25 | 2.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 1.38× | 1.92× | ||
| Q2 24 | 4.44× | 3.09× | ||
| Q1 24 | 2.62× | 1.65× |
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
MCY
暂无分部数据
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
