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QVC Group, Inc.（QVCGA）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是罗布乐思的1.9倍（$2.7B vs $1.4B），QVC Group, Inc.净利率更高（-1.4% vs -22.3%，领先20.9%），罗布乐思同比增速更快（43.2% vs -9.1%），罗布乐思自由现金流更多（$308.6M vs $191.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.9%）
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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
QVCGA vs RBLX — 直观对比
营收规模更大
QVCGA
是对方的1.9倍
$1.4B
营收增速更快
RBLX
高出52.3%
-9.1%
净利率更高
QVCGA
高出20.9%
-22.3%
自由现金流更多
RBLX
多$117.6M
$191.0M
两年增速更快
RBLX
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $-37.0M | $-316.0M |
| 毛利率 | 32.9% | 77.7% |
| 营业利润率 | 3.7% | -25.3% |
| 净利率 | -1.4% | -22.3% |
| 营收同比 | -9.1% | 43.2% |
| 净利润同比 | 97.1% | -43.9% |
| 每股收益（稀释后） | $-17.37 | $-0.44 |
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QVCGARBLX
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.9B | $988.2M | ||
| Q3 24 | $2.3B | $919.0M | ||
| Q2 24 | $2.4B | $893.5M | ||
| Q1 24 | $2.3B | $801.3M |
净利润QVCGARBLX
| Q4 25 | $-37.0M | $-316.0M | ||
| Q3 25 | $-80.0M | $-255.6M | ||
| Q2 25 | $-2.2B | $-278.4M | ||
| Q1 25 | $-100.0M | $-215.1M | ||
| Q4 24 | $-1.3B | $-219.6M | ||
| Q3 24 | $-23.0M | $-239.3M | ||
| Q2 24 | $20.0M | $-205.9M | ||
| Q1 24 | $-1.0M | $-270.6M |
毛利率QVCGARBLX
| Q4 25 | 32.9% | 77.7% | ||
| Q3 25 | 34.0% | 78.2% | ||
| Q2 25 | 36.4% | 78.2% | ||
| Q1 25 | 34.2% | 78.3% | ||
| Q4 24 | 33.3% | 77.9% | ||
| Q3 24 | 35.3% | 77.7% | ||
| Q2 24 | 36.4% | 77.8% | ||
| Q1 24 | 35.5% | 77.7% |
营业利润率QVCGARBLX
| Q4 25 | 3.7% | -25.3% | ||
| Q3 25 | 2.7% | -21.8% | ||
| Q2 25 | -101.6% | -29.8% | ||
| Q1 25 | 0.7% | -24.6% | ||
| Q4 24 | -43.2% | -24.7% | ||
| Q3 24 | 6.5% | -30.4% | ||
| Q2 24 | 6.9% | -26.6% | ||
| Q1 24 | 6.2% | -37.7% |
净利率QVCGARBLX
| Q4 25 | -1.4% | -22.3% | ||
| Q3 25 | -3.6% | -18.8% | ||
| Q2 25 | -99.4% | -25.8% | ||
| Q1 25 | -4.8% | -20.8% | ||
| Q4 24 | -43.7% | -22.2% | ||
| Q3 24 | -1.0% | -26.0% | ||
| Q2 24 | 0.8% | -23.0% | ||
| Q1 24 | -0.0% | -33.8% |
每股收益（稀释后）QVCGARBLX
| Q4 25 | $-17.37 | $-0.44 | ||
| Q3 25 | $-9.89 | $-0.37 | ||
| Q2 25 | $-275.46 | $-0.41 | ||
| Q1 25 | $-0.25 | $-0.32 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | $-0.06 | $-0.37 | ||
| Q2 24 | $2.57 | $-0.32 | ||
| Q1 24 | — | $-0.43 |
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 | $2.0B | $3.1B |
| 总债务越低越好 | $790.0M | $1.2B |
| 股东权益账面价值 | $-3.1B | $394.5M |
| 总资产 | $7.6B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资QVCGARBLX
| Q4 25 | $2.0B | $3.1B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $897.0M | $2.6B | ||
| Q1 25 | $833.0M | $2.7B | ||
| Q4 24 | $905.0M | $2.4B | ||
| Q3 24 | $873.0M | $2.3B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $1.1B | $2.4B |
总债务QVCGARBLX
| Q4 25 | $790.0M | $1.2B | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
股东权益QVCGARBLX
| Q4 25 | $-3.1B | $394.5M | ||
| Q3 25 | $-3.1B | $407.6M | ||
| Q2 25 | $-3.0B | $353.2M | ||
| Q1 25 | $-981.0M | $310.7M | ||
| Q4 24 | $-971.0M | $221.4M | ||
| Q3 24 | $397.0M | $189.9M | ||
| Q2 24 | $328.0M | $121.5M | ||
| Q1 24 | $255.0M | $71.6M |
总资产QVCGARBLX
| Q4 25 | $7.6B | $9.6B | ||
| Q3 25 | $7.6B | $8.6B | ||
| Q2 25 | $6.7B | $7.8B | ||
| Q1 25 | $9.0B | $7.5B | ||
| Q4 24 | $9.2B | $7.2B | ||
| Q3 24 | $10.8B | $6.7B | ||
| Q2 24 | $10.9B | $6.5B | ||
| Q1 24 | $11.0B | $6.3B |
负债/权益比QVCGARBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | 12.74× | — | ||
| Q2 24 | 16.28× | — | ||
| Q1 24 | 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 | $244.0M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 7.1% | 21.8% |
| 资本支出强度资本支出/营收 | 2.0% | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $118.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流QVCGARBLX
| Q4 25 | $244.0M | $607.0M | ||
| Q3 25 | $4.0M | $546.2M | ||
| Q2 25 | $86.0M | $199.3M | ||
| Q1 25 | $-60.0M | $443.9M | ||
| Q4 24 | $212.0M | $184.5M | ||
| Q3 24 | $20.0M | $247.4M | ||
| Q2 24 | $267.0M | $151.4M | ||
| Q1 24 | $26.0M | $238.9M |
自由现金流QVCGARBLX
| Q4 25 | $191.0M | $308.6M | ||
| Q3 25 | $-27.0M | $443.6M | ||
| Q2 25 | $48.0M | $176.7M | ||
| Q1 25 | $-94.0M | $426.5M | ||
| Q4 24 | $150.0M | $120.6M | ||
| Q3 24 | $-23.0M | $218.0M | ||
| Q2 24 | $213.0M | $111.7M | ||
| Q1 24 | $-14.0M | $192.3M |
自由现金流率QVCGARBLX
| Q4 25 | 7.1% | 21.8% | ||
| Q3 25 | -1.2% | 32.6% | ||
| Q2 25 | 2.1% | 16.3% | ||
| Q1 25 | -4.5% | 41.2% | ||
| Q4 24 | 5.1% | 12.2% | ||
| Q3 24 | -1.0% | 23.7% | ||
| Q2 24 | 8.8% | 12.5% | ||
| Q1 24 | -0.6% | 24.0% |
资本支出强度QVCGARBLX
| Q4 25 | 2.0% | 21.1% | ||
| Q3 25 | 1.4% | 7.5% | ||
| Q2 25 | 1.7% | 2.1% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 2.1% | 6.5% | ||
| Q3 24 | 1.8% | 3.2% | ||
| Q2 24 | 2.2% | 4.4% | ||
| Q1 24 | 1.7% | 5.8% |
现金转化率QVCGARBLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.35× | — | ||
| Q1 24 | — | — |
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
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% |
RBLX
暂无分部数据
