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QVC INC（QVCD）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
QVC INC的季度营收约是罗致恒富的1.9倍（$2.4B vs $1.3B），罗致恒富同比增速更快（-5.8% vs -8.9%），过去两年QVC INC的营收复合增速更高（7.1% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
QVCD vs RHI — 直观对比
营收规模更大
QVCD
是对方的1.9倍
$1.3B
营收增速更快
RHI
高出3.2%
-8.9%
两年增速更快
QVCD
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.3B |
| 净利润 | $37.0M | — |
| 毛利率 | 32.5% | 37.6% |
| 营业利润率 | 5.6% | 1.7% |
| 净利率 | 1.5% | — |
| 营收同比 | -8.9% | -5.8% |
| 净利润同比 | 103.0% | — |
| 每股收益（稀释后） | — | $0.32 |
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QVCDRHI
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $2.1B | $1.5B | ||
| Q1 24 | $2.1B | $1.5B |
净利润QVCDRHI
| Q4 25 | $37.0M | — | ||
| Q3 25 | $2.0M | $42.9M | ||
| Q2 25 | $-2.2B | $41.0M | ||
| Q1 25 | $-42.0M | $17.4M | ||
| Q4 24 | $-1.2B | — | ||
| Q3 24 | $51.0M | $65.5M | ||
| Q2 24 | $53.0M | $68.2M | ||
| Q1 24 | $51.0M | $63.7M |
毛利率QVCDRHI
| Q4 25 | 32.5% | 37.6% | ||
| Q3 25 | 33.6% | 37.2% | ||
| Q2 25 | 35.4% | 37.2% | ||
| Q1 25 | 33.3% | 36.9% | ||
| Q4 24 | 32.6% | 38.8% | ||
| Q3 24 | 34.7% | 39.0% | ||
| Q2 24 | 35.6% | 39.2% | ||
| Q1 24 | 35.0% | 38.1% |
营业利润率QVCDRHI
| Q4 25 | 5.6% | 1.7% | ||
| Q3 25 | 4.6% | 1.0% | ||
| Q2 25 | -114.5% | 0.1% | ||
| Q1 25 | 1.5% | 2.9% | ||
| Q4 24 | -47.1% | 4.7% | ||
| Q3 24 | 7.8% | 4.1% | ||
| Q2 24 | 7.6% | 5.1% | ||
| Q1 24 | 7.4% | 2.8% |
净利率QVCDRHI
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.1% | 3.2% | ||
| Q2 25 | -109.1% | 3.0% | ||
| Q1 25 | -2.2% | 1.3% | ||
| Q4 24 | -46.0% | — | ||
| Q3 24 | 2.4% | 4.5% | ||
| Q2 24 | 2.5% | 4.6% | ||
| Q1 24 | 2.4% | 4.3% |
每股收益（稀释后）QVCDRHI
| Q4 25 | — | $0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.61 |
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 | $464.4M |
| 总债务越低越好 | $1.0M | — |
| 股东权益账面价值 | $1.2B | $1.3B |
| 总资产 | $8.5B | $2.9B |
| 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QVCDRHI
| Q4 25 | $1.5B | $464.4M | ||
| Q3 25 | — | $365.3M | ||
| Q2 25 | — | $380.5M | ||
| Q1 25 | — | $342.5M | ||
| Q4 24 | $297.0M | $537.6M | ||
| Q3 24 | $297.0M | $570.5M | ||
| Q2 24 | $315.0M | $547.4M | ||
| Q1 24 | $311.0M | $540.9M |
总债务QVCDRHI
| Q4 25 | $1.0M | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.8B | — |
股东权益QVCDRHI
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $3.3B | $1.3B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $4.3B | $1.5B | ||
| Q1 24 | $4.2B | $1.5B |
总资产QVCDRHI
| Q4 25 | $8.5B | $2.9B | ||
| Q3 25 | $8.3B | $2.8B | ||
| Q2 25 | $7.4B | $2.8B | ||
| Q1 25 | $9.7B | $2.7B | ||
| Q4 24 | $9.9B | $2.9B | ||
| Q3 24 | $9.9B | $3.0B | ||
| Q2 24 | $11.2B | $2.9B | ||
| Q1 24 | $11.4B | $2.9B |
负债/权益比QVCDRHI
| Q4 25 | 0.00× | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 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 | $245.0M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | — | $170.8M |
| 自由现金流率自由现金流/营收 | — | 13.1% |
| 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 | 6.62× | — |
| 过去12个月自由现金流最近4个季度 | — | $266.8M |
8季度趋势，按日历期对齐
经营现金流QVCDRHI
| Q4 25 | $245.0M | $182.5M | ||
| Q3 25 | $76.0M | $77.4M | ||
| Q2 25 | $52.0M | $119.4M | ||
| Q1 25 | $46.0M | $-59.3M | ||
| Q4 24 | $189.0M | $154.8M | ||
| Q3 24 | $98.0M | $129.6M | ||
| Q2 24 | $164.0M | $142.0M | ||
| Q1 24 | $84.0M | $-15.9M |
自由现金流QVCDRHI
| Q4 25 | — | $170.8M | ||
| Q3 25 | — | $63.6M | ||
| Q2 25 | — | $104.2M | ||
| Q1 25 | — | $-71.7M | ||
| Q4 24 | — | $140.5M | ||
| Q3 24 | — | $111.8M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | — | $-27.7M |
自由现金流率QVCDRHI
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -1.9% |
资本支出强度QVCDRHI
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.8% |
现金转化率QVCDRHI
| Q4 25 | 6.62× | — | ||
| Q3 25 | 38.00× | 1.80× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.92× | 1.98× | ||
| Q2 24 | 3.09× | 2.08× | ||
| Q1 24 | 1.65× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
