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QVC INC（QVCD）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是QVC INC的1.1倍（$2.6B vs $2.4B），维谛技术净利率更高（14.7% vs 1.5%，领先13.2%），维谛技术同比增速更快（30.1% vs -8.9%），过去两年维谛技术的营收复合增速更高（16.5% vs 7.1%）
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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
QVCD vs VRT — 直观对比
营收规模更大
VRT
是对方的1.1倍
$2.4B
营收增速更快
VRT
高出39.1%
-8.9%
净利率更高
VRT
高出13.2%
1.5%
两年增速更快
VRT
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $2.6B |
| 净利润 | $37.0M | $390.1M |
| 毛利率 | 32.5% | 37.7% |
| 营业利润率 | 5.6% | — |
| 净利率 | 1.5% | 14.7% |
| 营收同比 | -8.9% | 30.1% |
| 净利润同比 | 103.0% | 137.1% |
| 每股收益（稀释后） | — | $0.99 |
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QVCDVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.4B | $2.9B | ||
| Q3 25 | $2.0B | $2.7B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $1.9B | $2.0B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.1B | $2.0B |
净利润QVCDVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $37.0M | $445.6M | ||
| Q3 25 | $2.0M | $398.5M | ||
| Q2 25 | $-2.2B | $324.2M | ||
| Q1 25 | $-42.0M | $164.5M | ||
| Q4 24 | $-1.2B | $147.0M | ||
| Q3 24 | $51.0M | $176.6M | ||
| Q2 24 | $53.0M | $178.1M |
毛利率QVCDVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 32.5% | 38.9% | ||
| Q3 25 | 33.6% | 37.8% | ||
| Q2 25 | 35.4% | 34.0% | ||
| Q1 25 | 33.3% | 33.7% | ||
| Q4 24 | 32.6% | 37.1% | ||
| Q3 24 | 34.7% | 36.5% | ||
| Q2 24 | 35.6% | 38.0% |
营业利润率QVCDVRT
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 20.1% | ||
| Q3 25 | 4.6% | 19.3% | ||
| Q2 25 | -114.5% | 16.8% | ||
| Q1 25 | 1.5% | 14.3% | ||
| Q4 24 | -47.1% | 19.5% | ||
| Q3 24 | 7.8% | 17.9% | ||
| Q2 24 | 7.6% | 17.2% |
净利率QVCDVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 1.5% | 15.5% | ||
| Q3 25 | 0.1% | 14.9% | ||
| Q2 25 | -109.1% | 12.3% | ||
| Q1 25 | -2.2% | 8.1% | ||
| Q4 24 | -46.0% | 6.3% | ||
| Q3 24 | 2.4% | 8.5% | ||
| Q2 24 | 2.5% | 9.1% |
每股收益（稀释后）QVCDVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | — | $1.14 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $0.83 | ||
| Q1 25 | — | $0.42 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.46 | ||
| Q2 24 | — | $0.46 |
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 | $2.5B |
| 总债务越低越好 | $1.0M | $0 |
| 股东权益账面价值 | $1.2B | $4.2B |
| 总资产 | $8.5B | $13.4B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资QVCDVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $297.0M | $1.2B | ||
| Q3 24 | $297.0M | $908.7M | ||
| Q2 24 | $315.0M | $579.7M |
总债务QVCDVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $1.0M | $2.9B | ||
| Q3 25 | $5.0B | $2.9B | ||
| Q2 25 | $4.0B | $2.9B | ||
| Q1 25 | $4.0B | $2.9B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $3.4B | $2.9B | ||
| Q2 24 | $3.7B | $2.9B |
股东权益QVCDVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.2B | $3.9B | ||
| Q3 25 | $1.2B | $3.5B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $3.3B | $2.7B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.3B | $1.5B |
总资产QVCDVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $8.5B | $12.2B | ||
| Q3 25 | $8.3B | $10.8B | ||
| Q2 25 | $7.4B | $10.4B | ||
| Q1 25 | $9.7B | $9.5B | ||
| Q4 24 | $9.9B | $9.1B | ||
| Q3 24 | $9.9B | $8.9B | ||
| Q2 24 | $11.2B | $8.1B |
负债/权益比QVCDVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.00× | 0.74× | ||
| Q3 25 | 4.30× | 0.83× | ||
| Q2 25 | 3.42× | 0.93× | ||
| Q1 25 | 1.22× | 1.10× | ||
| Q4 24 | 1.01× | 1.20× | ||
| Q3 24 | 0.73× | 1.62× | ||
| Q2 24 | 0.87× | 1.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $652.8M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 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 | — | $2.3B |
8季度趋势，按日历期对齐
经营现金流QVCDVRT
| Q1 26 | — | — | ||
| Q4 25 | $245.0M | $978.9M | ||
| Q3 25 | $76.0M | $508.7M | ||
| Q2 25 | $52.0M | $322.9M | ||
| Q1 25 | $46.0M | $303.3M | ||
| Q4 24 | $189.0M | $425.2M | ||
| Q3 24 | $98.0M | $378.2M | ||
| Q2 24 | $164.0M | $378.4M |
自由现金流QVCDVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | — | $885.6M | ||
| Q3 25 | — | $463.5M | ||
| Q2 25 | — | $277.9M | ||
| Q1 25 | — | $266.8M | ||
| Q4 24 | — | $364.5M | ||
| Q3 24 | — | $341.8M | ||
| Q2 24 | — | $344.3M |
自由现金流率QVCDVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | — | 30.8% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 13.1% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 17.6% |
资本支出强度QVCDVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 1.7% |
现金转化率QVCDVRT
| Q1 26 | — | — | ||
| Q4 25 | 6.62× | 2.20× | ||
| Q3 25 | 38.00× | 1.28× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 1.92× | 2.14× | ||
| Q2 24 | 3.09× | 2.12× |
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% |
VRT
暂无分部数据
