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欧文斯科宁（OC）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的季度营收约是欧文斯科宁的1.1倍（$2.4B vs $2.1B），QVC INC净利率更高（1.5% vs -13.9%，领先15.4%），QVC INC同比增速更快（-8.9% vs -24.6%），过去两年QVC INC的营收复合增速更高（7.1% vs -3.5%）
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
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。
OC vs QVCD — 直观对比
营收规模更大
QVCD
是对方的1.1倍
$2.1B
营收增速更快
QVCD
高出15.6%
-24.6%
净利率更高
QVCD
高出15.4%
-13.9%
两年增速更快
QVCD
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.4B |
| 净利润 | $-298.0M | $37.0M |
| 毛利率 | 23.2% | 32.5% |
| 营业利润率 | -10.5% | 5.6% |
| 净利率 | -13.9% | 1.5% |
| 营收同比 | -24.6% | -8.9% |
| 净利润同比 | -15.5% | 103.0% |
| 每股收益（稀释后） | $-3.47 | — |
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OCQVCD
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.5B | $1.9B | ||
| Q4 24 | $2.8B | $2.7B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $2.8B | $2.1B | ||
| Q1 24 | $2.3B | $2.1B |
净利润OCQVCD
| Q4 25 | $-298.0M | $37.0M | ||
| Q3 25 | $-494.0M | $2.0M | ||
| Q2 25 | $363.0M | $-2.2B | ||
| Q1 25 | $-93.0M | $-42.0M | ||
| Q4 24 | $-258.0M | $-1.2B | ||
| Q3 24 | $321.0M | $51.0M | ||
| Q2 24 | $285.0M | $53.0M | ||
| Q1 24 | $299.0M | $51.0M |
毛利率OCQVCD
| Q4 25 | 23.2% | 32.5% | ||
| Q3 25 | 28.2% | 33.6% | ||
| Q2 25 | 31.2% | 35.4% | ||
| Q1 25 | 28.7% | 33.3% | ||
| Q4 24 | 28.1% | 32.6% | ||
| Q3 24 | 29.8% | 34.7% | ||
| Q2 24 | 31.1% | 35.6% | ||
| Q1 24 | 29.6% | 35.0% |
营业利润率OCQVCD
| Q4 25 | -10.5% | 5.6% | ||
| Q3 25 | -12.2% | 4.6% | ||
| Q2 25 | 18.4% | -114.5% | ||
| Q1 25 | 16.1% | 1.5% | ||
| Q4 24 | -8.5% | -47.1% | ||
| Q3 24 | 16.7% | 7.8% | ||
| Q2 24 | 16.4% | 7.6% | ||
| Q1 24 | 17.5% | 7.4% |
净利率OCQVCD
| Q4 25 | -13.9% | 1.5% | ||
| Q3 25 | -18.4% | 0.1% | ||
| Q2 25 | 13.2% | -109.1% | ||
| Q1 25 | -3.7% | -2.2% | ||
| Q4 24 | -9.1% | -46.0% | ||
| Q3 24 | 10.5% | 2.4% | ||
| Q2 24 | 10.2% | 2.5% | ||
| Q1 24 | 13.0% | 2.4% |
每股收益（稀释后）OCQVCD
| Q4 25 | $-3.47 | — | ||
| Q3 25 | $-5.92 | — | ||
| Q2 25 | $4.25 | — | ||
| Q1 25 | $-1.08 | — | ||
| Q4 24 | $-2.92 | — | ||
| Q3 24 | $3.65 | — | ||
| Q2 24 | $3.24 | — | ||
| Q1 24 | $3.40 | — |
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 | $345.0M | $1.5B |
| 总债务越低越好 | $4.7B | $1.0M |
| 股东权益账面价值 | $3.9B | $1.2B |
| 总资产 | $13.0B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.22× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资OCQVCD
| Q4 25 | $345.0M | $1.5B | ||
| Q3 25 | $286.0M | — | ||
| Q2 25 | $230.0M | — | ||
| Q1 25 | $400.0M | — | ||
| Q4 24 | $361.0M | $297.0M | ||
| Q3 24 | $499.0M | $297.0M | ||
| Q2 24 | $254.0M | $315.0M | ||
| Q1 24 | $1.3B | $311.0M |
总债务OCQVCD
| Q4 25 | $4.7B | $1.0M | ||
| Q3 25 | $4.7B | $5.0B | ||
| Q2 25 | $5.1B | $4.0B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.0B | $3.4B | ||
| Q2 24 | $5.0B | $3.7B | ||
| Q1 24 | $2.6B | $3.8B |
股东权益OCQVCD
| Q4 25 | $3.9B | $1.2B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $5.2B | $1.2B | ||
| Q1 25 | $4.9B | $3.3B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.6B | $4.6B | ||
| Q2 24 | $5.5B | $4.3B | ||
| Q1 24 | $5.2B | $4.2B |
总资产OCQVCD
| Q4 25 | $13.0B | $8.5B | ||
| Q3 25 | $13.5B | $8.3B | ||
| Q2 25 | $14.5B | $7.4B | ||
| Q1 25 | $14.3B | $9.7B | ||
| Q4 24 | $14.1B | $9.9B | ||
| Q3 24 | $15.1B | $9.9B | ||
| Q2 24 | $15.0B | $11.2B | ||
| Q1 24 | $11.3B | $11.4B |
负债/权益比OCQVCD
| Q4 25 | 1.22× | 0.00× | ||
| Q3 25 | 1.06× | 4.30× | ||
| Q2 25 | 0.98× | 3.42× | ||
| Q1 25 | 1.03× | 1.22× | ||
| Q4 24 | 1.01× | 1.01× | ||
| Q3 24 | 0.89× | 0.73× | ||
| Q2 24 | 0.92× | 0.87× | ||
| Q1 24 | 0.51× | 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 | $590.0M | $245.0M |
| 自由现金流经营现金流 - 资本支出 | $333.0M | — |
| 自由现金流率自由现金流/营收 | 15.5% | — |
| 资本支出强度资本支出/营收 | 12.0% | — |
| 现金转化率经营现金流/净利润 | — | 6.62× |
| 过去12个月自由现金流最近4个季度 | $962.0M | — |
8季度趋势，按日历期对齐
经营现金流OCQVCD
| Q4 25 | $590.0M | $245.0M | ||
| Q3 25 | $918.0M | $76.0M | ||
| Q2 25 | $327.0M | $52.0M | ||
| Q1 25 | $-49.0M | $46.0M | ||
| Q4 24 | $676.0M | $189.0M | ||
| Q3 24 | $699.0M | $98.0M | ||
| Q2 24 | $493.0M | $164.0M | ||
| Q1 24 | $24.0M | $84.0M |
自由现金流OCQVCD
| Q4 25 | $333.0M | — | ||
| Q3 25 | $752.0M | — | ||
| Q2 25 | $129.0M | — | ||
| Q1 25 | $-252.0M | — | ||
| Q4 24 | $479.0M | — | ||
| Q3 24 | $558.0M | — | ||
| Q2 24 | $336.0M | — | ||
| Q1 24 | $-128.0M | — |
自由现金流率OCQVCD
| Q4 25 | 15.5% | — | ||
| Q3 25 | 28.0% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | -10.0% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.3% | — | ||
| Q2 24 | 12.0% | — | ||
| Q1 24 | -5.6% | — |
资本支出强度OCQVCD
| Q4 25 | 12.0% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | 6.6% | — |
现金转化率OCQVCD
| Q4 25 | — | 6.62× | ||
| Q3 25 | — | 38.00× | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.18× | 1.92× | ||
| Q2 24 | 1.73× | 3.09× | ||
| Q1 24 | 0.08× | 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
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
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% |
