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NetApp（NTAP）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NetApp的1.6倍（$2.7B vs $1.7B），NetApp净利率更高（17.9% vs -1.4%，领先19.3%），NetApp同比增速更快（2.8% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $78.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs 3.0%）
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
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。
NTAP vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.6倍
$1.7B
营收增速更快
NTAP
高出11.9%
-9.1%
净利率更高
NTAP
高出19.3%
-1.4%
自由现金流更多
QVCGA
多$113.0M
$78.0M
两年增速更快
QVCGA
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | $305.0M | $-37.0M |
| 毛利率 | 72.0% | 32.9% |
| 营业利润率 | 23.4% | 3.7% |
| 净利率 | 17.9% | -1.4% |
| 营收同比 | 2.8% | -9.1% |
| 净利润同比 | 2.0% | 97.1% |
| 每股收益（稀释后） | $1.51 | $-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NTAPQVCGA
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.6B | $2.3B |
净利润NTAPQVCGA
| Q4 25 | $305.0M | $-37.0M | ||
| Q3 25 | $233.0M | $-80.0M | ||
| Q2 25 | $340.0M | $-2.2B | ||
| Q1 25 | $299.0M | $-100.0M | ||
| Q4 24 | $299.0M | $-1.3B | ||
| Q3 24 | $248.0M | $-23.0M | ||
| Q2 24 | $291.0M | $20.0M | ||
| Q1 24 | $313.0M | $-1.0M |
毛利率NTAPQVCGA
| Q4 25 | 72.0% | 32.9% | ||
| Q3 25 | 70.4% | 34.0% | ||
| Q2 25 | 68.9% | 36.4% | ||
| Q1 25 | 69.8% | 34.2% | ||
| Q4 24 | 71.0% | 33.3% | ||
| Q3 24 | 71.3% | 35.3% | ||
| Q2 24 | 70.5% | 36.4% | ||
| Q1 24 | 71.7% | 35.5% |
营业利润率NTAPQVCGA
| Q4 25 | 23.4% | 3.7% | ||
| Q3 25 | 19.8% | 2.7% | ||
| Q2 25 | 20.1% | -101.6% | ||
| Q1 25 | 22.1% | 0.7% | ||
| Q4 24 | 20.8% | -43.2% | ||
| Q3 24 | 18.3% | 6.5% | ||
| Q2 24 | 21.9% | 6.9% | ||
| Q1 24 | 22.8% | 6.2% |
净利率NTAPQVCGA
| Q4 25 | 17.9% | -1.4% | ||
| Q3 25 | 14.9% | -3.6% | ||
| Q2 25 | 19.6% | -99.4% | ||
| Q1 25 | 18.2% | -4.8% | ||
| Q4 24 | 18.0% | -43.7% | ||
| Q3 24 | 16.1% | -1.0% | ||
| Q2 24 | 17.4% | 0.8% | ||
| Q1 24 | 19.5% | -0.0% |
每股收益（稀释后）NTAPQVCGA
| Q4 25 | $1.51 | $-17.37 | ||
| Q3 25 | $1.15 | $-9.89 | ||
| Q2 25 | $1.64 | $-275.46 | ||
| Q1 25 | $1.44 | $-0.25 | ||
| Q4 24 | $1.42 | — | ||
| Q3 24 | $1.17 | $-0.06 | ||
| Q2 24 | $1.36 | $2.57 | ||
| Q1 24 | $1.48 | — |
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 | $3.0B | $2.0B |
| 总债务越低越好 | $2.5B | $790.0M |
| 股东权益账面价值 | $986.0M | $-3.1B |
| 总资产 | $9.6B | $7.6B |
| 负债/权益比越低杠杆越低 | 2.52× | — |
8季度趋势，按日历期对齐
现金及短期投资NTAPQVCGA
| Q4 25 | $3.0B | $2.0B | ||
| Q3 25 | $3.3B | $1.8B | ||
| Q2 25 | $3.8B | $897.0M | ||
| Q1 25 | $2.3B | $833.0M | ||
| Q4 24 | $2.2B | $905.0M | ||
| Q3 24 | $3.0B | $873.0M | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $2.9B | $1.1B |
总债务NTAPQVCGA
| Q4 25 | $2.5B | $790.0M | ||
| Q3 25 | $2.5B | $5.9B | ||
| Q2 25 | $3.2B | $4.9B | ||
| Q1 25 | $2.0B | $5.0B | ||
| Q4 24 | $2.0B | $4.1B | ||
| Q3 24 | $2.4B | $5.1B | ||
| Q2 24 | $2.4B | $5.3B | ||
| Q1 24 | $2.4B | $5.5B |
股东权益NTAPQVCGA
| Q4 25 | $986.0M | $-3.1B | ||
| Q3 25 | $975.0M | $-3.1B | ||
| Q2 25 | $1.0B | $-3.0B | ||
| Q1 25 | $995.0M | $-981.0M | ||
| Q4 24 | $892.0M | $-971.0M | ||
| Q3 24 | $929.0M | $397.0M | ||
| Q2 24 | $1.1B | $328.0M | ||
| Q1 24 | $994.0M | $255.0M |
总资产NTAPQVCGA
| Q4 25 | $9.6B | $7.6B | ||
| Q3 25 | $9.7B | $7.6B | ||
| Q2 25 | $10.8B | $6.7B | ||
| Q1 25 | $9.0B | $9.0B | ||
| Q4 24 | $9.0B | $9.2B | ||
| Q3 24 | $9.3B | $10.8B | ||
| Q2 24 | $9.9B | $10.9B | ||
| Q1 24 | $9.4B | $11.0B |
负债/权益比NTAPQVCGA
| Q4 25 | 2.52× | — | ||
| Q3 25 | 2.55× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 2.00× | — | ||
| Q4 24 | 2.23× | — | ||
| Q3 24 | 2.58× | 12.74× | ||
| Q2 24 | 2.09× | 16.28× | ||
| Q1 24 | 2.41× | 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 | $127.0M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $78.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 4.6% | 7.1% |
| 资本支出强度资本支出/营收 | 2.9% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.42× | — |
| 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NTAPQVCGA
| Q4 25 | $127.0M | $244.0M | ||
| Q3 25 | $673.0M | $4.0M | ||
| Q2 25 | — | $86.0M | ||
| Q1 25 | $385.0M | $-60.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $341.0M | $20.0M | ||
| Q2 24 | $613.0M | $267.0M | ||
| Q1 24 | $484.0M | $26.0M |
自由现金流NTAPQVCGA
| Q4 25 | $78.0M | $191.0M | ||
| Q3 25 | $620.0M | $-27.0M | ||
| Q2 25 | — | $48.0M | ||
| Q1 25 | $338.0M | $-94.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | $300.0M | $-23.0M | ||
| Q2 24 | $567.0M | $213.0M | ||
| Q1 24 | $448.0M | $-14.0M |
自由现金流率NTAPQVCGA
| Q4 25 | 4.6% | 7.1% | ||
| Q3 25 | 39.8% | -1.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | 20.6% | -4.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 19.5% | -1.0% | ||
| Q2 24 | 34.0% | 8.8% | ||
| Q1 24 | 27.9% | -0.6% |
资本支出强度NTAPQVCGA
| Q4 25 | 2.9% | 2.0% | ||
| Q3 25 | 3.4% | 1.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | 2.9% | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 2.7% | 1.8% | ||
| Q2 24 | 2.8% | 2.2% | ||
| Q1 24 | 2.2% | 1.7% |
现金转化率NTAPQVCGA
| Q4 25 | 0.42× | — | ||
| Q3 25 | 2.89× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 2.11× | 13.35× | ||
| Q1 24 | 1.55× | — |
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
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
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% |
