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QVC Group, Inc.（QVCGA）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是瑞思迈的1.9倍（$2.7B vs $1.4B），瑞思迈净利率更高（27.6% vs -1.4%，领先29.0%），瑞思迈同比增速更快（11.0% vs -9.1%），过去两年瑞思迈的营收复合增速更高（7.8% 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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
QVCGA vs RMD — 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
RMD
高出20.1%
-9.1%
净利率更高
RMD
高出29.0%
-1.4%
两年增速更快
RMD
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $-37.0M | $392.6M |
| 毛利率 | 32.9% | 61.8% |
| 营业利润率 | 3.7% | 34.6% |
| 净利率 | -1.4% | 27.6% |
| 营收同比 | -9.1% | 11.0% |
| 净利润同比 | 97.1% | 13.9% |
| 每股收益（稀释后） | $-17.37 | $2.68 |
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QVCGARMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.3B | $1.2B |
净利润QVCGARMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | — | $398.7M | ||
| Q4 25 | $-37.0M | $392.6M | ||
| Q3 25 | $-80.0M | $348.5M | ||
| Q2 25 | $-2.2B | $379.7M | ||
| Q1 25 | $-100.0M | $365.0M | ||
| Q4 24 | $-1.3B | $344.6M | ||
| Q3 24 | $-23.0M | $311.4M |
毛利率QVCGARMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | — | 62.2% | ||
| Q4 25 | 32.9% | 61.8% | ||
| Q3 25 | 34.0% | 61.5% | ||
| Q2 25 | 36.4% | 60.8% | ||
| Q1 25 | 34.2% | 59.3% | ||
| Q4 24 | 33.3% | 58.6% | ||
| Q3 24 | 35.3% | 58.6% |
营业利润率QVCGARMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | — | 34.9% | ||
| Q4 25 | 3.7% | 34.6% | ||
| Q3 25 | 2.7% | 33.4% | ||
| Q2 25 | -101.6% | 33.7% | ||
| Q1 25 | 0.7% | 33.0% | ||
| Q4 24 | -43.2% | 32.5% | ||
| Q3 24 | 6.5% | 31.6% |
净利率QVCGARMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | — | 27.9% | ||
| Q4 25 | -1.4% | 27.6% | ||
| Q3 25 | -3.6% | 26.1% | ||
| Q2 25 | -99.4% | 28.2% | ||
| Q1 25 | -4.8% | 28.3% | ||
| Q4 24 | -43.7% | 26.9% | ||
| Q3 24 | -1.0% | 25.4% |
每股收益（稀释后）QVCGARMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | — | $2.74 | ||
| Q4 25 | $-17.37 | $2.68 | ||
| Q3 25 | $-9.89 | $2.37 | ||
| Q2 25 | $-275.46 | $2.58 | ||
| Q1 25 | $-0.25 | $2.48 | ||
| Q4 24 | — | $2.34 | ||
| Q3 24 | $-0.06 | $2.11 |
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 | $1.4B |
| 总债务越低越好 | $790.0M | $663.8M |
| 股东权益账面价值 | $-3.1B | $6.3B |
| 总资产 | $7.6B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资QVCGARMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $897.0M | $1.2B | ||
| Q1 25 | $833.0M | $932.7M | ||
| Q4 24 | $905.0M | $521.9M | ||
| Q3 24 | $873.0M | $426.4M |
总债务QVCGARMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | $664.1M | ||
| Q4 25 | $790.0M | $403.9M | ||
| Q3 25 | $5.9B | $408.7M | ||
| Q2 25 | $4.9B | $658.4M | ||
| Q1 25 | $5.0B | $663.1M | ||
| Q4 24 | $4.1B | $662.9M | ||
| Q3 24 | $5.1B | $667.6M |
股东权益QVCGARMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | $-3.1B | $6.3B | ||
| Q3 25 | $-3.1B | $6.1B | ||
| Q2 25 | $-3.0B | $6.0B | ||
| Q1 25 | $-981.0M | $5.5B | ||
| Q4 24 | $-971.0M | $5.3B | ||
| Q3 24 | $397.0M | $5.2B |
总资产QVCGARMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | — | $8.8B | ||
| Q4 25 | $7.6B | $8.5B | ||
| Q3 25 | $7.6B | $8.3B | ||
| Q2 25 | $6.7B | $8.2B | ||
| Q1 25 | $9.0B | $7.6B | ||
| Q4 24 | $9.2B | $7.1B | ||
| Q3 24 | $10.8B | $7.2B |
负债/权益比QVCGARMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | 12.74× | 0.13× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $191.0M | — |
| 自由现金流率自由现金流/营收 | 7.1% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流QVCGARMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $244.0M | $339.7M | ||
| Q3 25 | $4.0M | $457.3M | ||
| Q2 25 | $86.0M | $538.8M | ||
| Q1 25 | $-60.0M | $578.7M | ||
| Q4 24 | $212.0M | $308.6M | ||
| Q3 24 | $20.0M | $325.5M |
自由现金流QVCGARMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $191.0M | $311.2M | ||
| Q3 25 | $-27.0M | $414.4M | ||
| Q2 25 | $48.0M | $508.2M | ||
| Q1 25 | $-94.0M | $557.9M | ||
| Q4 24 | $150.0M | $288.0M | ||
| Q3 24 | $-23.0M | $307.7M |
自由现金流率QVCGARMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 21.9% | ||
| Q3 25 | -1.2% | 31.0% | ||
| Q2 25 | 2.1% | 37.7% | ||
| Q1 25 | -4.5% | 43.2% | ||
| Q4 24 | 5.1% | 22.5% | ||
| Q3 24 | -1.0% | 25.1% |
资本支出强度QVCGARMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 2.0% | ||
| Q3 25 | 1.4% | 3.2% | ||
| Q2 25 | 1.7% | 2.3% | ||
| Q1 25 | 1.6% | 1.6% | ||
| Q4 24 | 2.1% | 1.6% | ||
| Q3 24 | 1.8% | 1.5% |
现金转化率QVCGARMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 1.05× |
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% |
RMD
暂无分部数据
