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QVC Group, Inc.（QVCGA）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是QVC Group, Inc.的1.0倍（$2.7B vs $2.7B），Rocket Companies, Inc.净利率更高（2.5% vs -1.4%，领先3.9%），Rocket Companies, Inc.同比增速更快（52.2% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
QVCGA vs RKT — 直观对比
营收规模更大
RKT
是对方的1.0倍
$2.7B
营收增速更快
RKT
高出61.3%
-9.1%
净利率更高
RKT
高出3.9%
-1.4%
自由现金流更多
QVCGA
多$1.5B
$-1.3B
两年增速更快
RKT
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.7B |
| 净利润 | $-37.0M | $68.0M |
| 毛利率 | 32.9% | — |
| 营业利润率 | 3.7% | 6.3% |
| 净利率 | -1.4% | 2.5% |
| 营收同比 | -9.1% | 52.2% |
| 净利润同比 | 97.1% | 100.8% |
| 每股收益（稀释后） | $-17.37 | $0.10 |
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QVCGARKT
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.3B | $646.9M | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.3B | $1.4B |
净利润QVCGARKT
| Q4 25 | $-37.0M | $68.0M | ||
| Q3 25 | $-80.0M | $-123.9M | ||
| Q2 25 | $-2.2B | $-1.8M | ||
| Q1 25 | $-100.0M | $-10.4M | ||
| Q4 24 | $-1.3B | $33.9M | ||
| Q3 24 | $-23.0M | $-22.0M | ||
| Q2 24 | $20.0M | $1.3M | ||
| Q1 24 | $-1.0M | $16.2M |
毛利率QVCGARKT
| Q4 25 | 32.9% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 33.3% | 58.9% | ||
| Q3 24 | 35.3% | -8.4% | ||
| Q2 24 | 36.4% | 47.4% | ||
| Q1 24 | 35.5% | 51.2% |
营业利润率QVCGARKT
| Q4 25 | 3.7% | 6.3% | ||
| Q3 25 | 2.7% | -11.5% | ||
| Q2 25 | -101.6% | 1.8% | ||
| Q1 25 | 0.7% | -21.5% | ||
| Q4 24 | -43.2% | 38.1% | ||
| Q3 24 | 6.5% | -76.9% | ||
| Q2 24 | 6.9% | 14.8% | ||
| Q1 24 | 6.2% | 21.6% |
净利率QVCGARKT
| Q4 25 | -1.4% | 2.5% | ||
| Q3 25 | -3.6% | -7.7% | ||
| Q2 25 | -99.4% | -0.1% | ||
| Q1 25 | -4.8% | -1.0% | ||
| Q4 24 | -43.7% | 1.9% | ||
| Q3 24 | -1.0% | -3.4% | ||
| Q2 24 | 0.8% | 0.1% | ||
| Q1 24 | -0.0% | 1.2% |
每股收益（稀释后）QVCGARKT
| Q4 25 | $-17.37 | $0.10 | ||
| Q3 25 | $-9.89 | $-0.06 | ||
| Q2 25 | $-275.46 | $-0.01 | ||
| Q1 25 | $-0.25 | $-0.08 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | $-0.06 | $-0.19 | ||
| Q2 24 | $2.57 | $0.01 | ||
| Q1 24 | — | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $790.0M | — |
| 股东权益账面价值 | $-3.1B | $22.9B |
| 总资产 | $7.6B | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资QVCGARKT
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $897.0M | $5.1B | ||
| Q1 25 | $833.0M | $1.4B | ||
| Q4 24 | $905.0M | $1.3B | ||
| Q3 24 | $873.0M | $1.2B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.1B | $861.4M |
总债务QVCGARKT
| Q4 25 | $790.0M | — | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
股东权益QVCGARKT
| Q4 25 | $-3.1B | $22.9B | ||
| Q3 25 | $-3.1B | $8.9B | ||
| Q2 25 | $-3.0B | $7.4B | ||
| Q1 25 | $-981.0M | $8.6B | ||
| Q4 24 | $-971.0M | $9.0B | ||
| Q3 24 | $397.0M | $8.4B | ||
| Q2 24 | $328.0M | $8.8B | ||
| Q1 24 | $255.0M | $8.6B |
总资产QVCGARKT
| Q4 25 | $7.6B | $60.7B | ||
| Q3 25 | $7.6B | $33.6B | ||
| Q2 25 | $6.7B | $30.4B | ||
| Q1 25 | $9.0B | $25.3B | ||
| Q4 24 | $9.2B | $24.5B | ||
| Q3 24 | $10.8B | $25.1B | ||
| Q2 24 | $10.9B | $23.6B | ||
| Q1 24 | $11.0B | $22.2B |
负债/权益比QVCGARKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 7.1% | -47.2% |
| 资本支出强度资本支出/营收 | 2.0% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $118.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流QVCGARKT
| Q4 25 | $244.0M | $-1.2B | ||
| Q3 25 | $4.0M | $-50.3M | ||
| Q2 25 | $86.0M | $-1.9B | ||
| Q1 25 | $-60.0M | $-797.0M | ||
| Q4 24 | $212.0M | $1.8B | ||
| Q3 24 | $20.0M | $-1.3B | ||
| Q2 24 | $267.0M | $-122.3M | ||
| Q1 24 | $26.0M | $-3.0B |
自由现金流QVCGARKT
| Q4 25 | $191.0M | $-1.3B | ||
| Q3 25 | $-27.0M | $-71.8M | ||
| Q2 25 | $48.0M | $-1.9B | ||
| Q1 25 | $-94.0M | $-811.0M | ||
| Q4 24 | $150.0M | $1.8B | ||
| Q3 24 | $-23.0M | $-1.4B | ||
| Q2 24 | $213.0M | $-138.3M | ||
| Q1 24 | $-14.0M | $-3.0B |
自由现金流率QVCGARKT
| Q4 25 | 7.1% | -47.2% | ||
| Q3 25 | -1.2% | -4.5% | ||
| Q2 25 | 2.1% | -137.2% | ||
| Q1 25 | -4.5% | -78.2% | ||
| Q4 24 | 5.1% | 103.1% | ||
| Q3 24 | -1.0% | -209.6% | ||
| Q2 24 | 8.8% | -10.6% | ||
| Q1 24 | -0.6% | -218.7% |
资本支出强度QVCGARKT
| Q4 25 | 2.0% | 1.5% | ||
| Q3 25 | 1.4% | 1.3% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 1.6% | 1.4% | ||
| Q4 24 | 2.1% | 1.1% | ||
| Q3 24 | 1.8% | 2.9% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 1.7% | 1.0% |
现金转化率QVCGARKT
| Q4 25 | — | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.35× | -94.46× | ||
| Q1 24 | — | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
