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QVC INC（QVCD）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是QVC INC的1.3倍（$3.1B vs $2.4B），RYDER SYSTEM INC净利率更高（3.0% vs 1.5%，领先1.4%），RYDER SYSTEM INC同比增速更快（1.0% vs -8.9%），过去两年QVC INC的营收复合增速更高（7.1% vs -0.9%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
QVCD vs R — 直观对比
营收规模更大
R
是对方的1.3倍
$2.4B
营收增速更快
R
高出9.9%
-8.9%
净利率更高
R
高出1.4%
1.5%
两年增速更快
QVCD
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.1B |
| 净利润 | $37.0M | $93.0M |
| 毛利率 | 32.5% | — |
| 营业利润率 | 5.6% | — |
| 净利率 | 1.5% | 3.0% |
| 营收同比 | -8.9% | 1.0% |
| 净利润同比 | 103.0% | -5.1% |
| 每股收益（稀释后） | — | $2.34 |
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QVCDR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.4B | $3.2B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $2.0B | $3.2B | ||
| Q1 25 | $1.9B | $3.1B | ||
| Q4 24 | $2.7B | $3.2B | ||
| Q3 24 | $2.1B | $3.2B | ||
| Q2 24 | $2.1B | $3.2B |
净利润QVCDR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $37.0M | $132.0M | ||
| Q3 25 | $2.0M | $138.0M | ||
| Q2 25 | $-2.2B | $131.0M | ||
| Q1 25 | $-42.0M | $98.0M | ||
| Q4 24 | $-1.2B | $135.0M | ||
| Q3 24 | $51.0M | $142.0M | ||
| Q2 24 | $53.0M | $127.0M |
毛利率QVCDR
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | — | ||
| Q3 25 | 33.6% | — | ||
| Q2 25 | 35.4% | — | ||
| Q1 25 | 33.3% | — | ||
| Q4 24 | 32.6% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 35.6% | — |
营业利润率QVCDR
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 5.6% | ||
| Q3 25 | 4.6% | 6.0% | ||
| Q2 25 | -114.5% | 5.8% | ||
| Q1 25 | 1.5% | 4.3% | ||
| Q4 24 | -47.1% | 5.7% | ||
| Q3 24 | 7.8% | 5.9% | ||
| Q2 24 | 7.6% | 5.6% |
净利率QVCDR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 1.5% | 4.2% | ||
| Q3 25 | 0.1% | 4.4% | ||
| Q2 25 | -109.1% | 4.1% | ||
| Q1 25 | -2.2% | 3.1% | ||
| Q4 24 | -46.0% | 4.2% | ||
| Q3 24 | 2.4% | 4.5% | ||
| Q2 24 | 2.5% | 4.0% |
每股收益（稀释后）QVCDR
| Q1 26 | — | $2.34 | ||
| Q4 25 | — | $3.22 | ||
| Q3 25 | — | $3.32 | ||
| Q2 25 | — | $3.13 | ||
| Q1 25 | — | $2.27 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | — | $3.24 | ||
| Q2 24 | — | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $1.0M | — |
| 股东权益账面价值 | $1.2B | $2.9B |
| 总资产 | $8.5B | — |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资QVCDR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.5B | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | $297.0M | $154.0M | ||
| Q3 24 | $297.0M | $162.0M | ||
| Q2 24 | $315.0M | $164.0M |
总债务QVCDR
| Q1 26 | — | — | ||
| Q4 25 | $1.0M | $6.8B | ||
| Q3 25 | $5.0B | $7.3B | ||
| Q2 25 | $4.0B | $7.0B | ||
| Q1 25 | $4.0B | $6.7B | ||
| Q4 24 | $3.3B | $6.7B | ||
| Q3 24 | $3.4B | $6.6B | ||
| Q2 24 | $3.7B | $6.5B |
股东权益QVCDR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $1.2B | $3.1B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $3.3B | $3.0B | ||
| Q4 24 | $3.3B | $3.1B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.3B | $3.1B |
总资产QVCDR
| Q1 26 | — | — | ||
| Q4 25 | $8.5B | $16.4B | ||
| Q3 25 | $8.3B | $16.5B | ||
| Q2 25 | $7.4B | $16.5B | ||
| Q1 25 | $9.7B | $16.4B | ||
| Q4 24 | $9.9B | $16.7B | ||
| Q3 24 | $9.9B | $16.5B | ||
| Q2 24 | $11.2B | $16.4B |
负债/权益比QVCDR
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | 2.24× | ||
| Q3 25 | 4.30× | 2.35× | ||
| Q2 25 | 3.42× | 2.27× | ||
| Q1 25 | 1.22× | 2.21× | ||
| Q4 24 | 1.01× | 2.14× | ||
| Q3 24 | 0.73× | 2.17× | ||
| Q2 24 | 0.87× | 2.09× |
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 | $245.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | 6.62× | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流QVCDR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $245.0M | $749.0M | ||
| Q3 25 | $76.0M | $442.0M | ||
| Q2 25 | $52.0M | $752.0M | ||
| Q1 25 | $46.0M | $651.0M | ||
| Q4 24 | $189.0M | $558.0M | ||
| Q3 24 | $98.0M | $629.0M | ||
| Q2 24 | $164.0M | $552.0M |
自由现金流QVCDR
| Q1 26 | — | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率QVCDR
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度QVCDR
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率QVCDR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 6.62× | 5.67× | ||
| Q3 25 | 38.00× | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | 1.92× | 4.43× | ||
| Q2 24 | 3.09× | 4.35× |
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
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
