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QVC Group, Inc.（QVCGA）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的1.4倍（$2.7B vs $1.9B），RPM INTERNATIONAL INC净利率更高（8.4% vs -1.4%，领先9.8%），RPM INTERNATIONAL INC同比增速更快（3.5% vs -9.1%），RPM INTERNATIONAL INC自由现金流更多（$296.4M vs $191.0M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
QVCGA vs RPM — 直观对比
营收规模更大
QVCGA
是对方的1.4倍
$1.9B
营收增速更快
RPM
高出12.6%
-9.1%
净利率更高
RPM
高出9.8%
-1.4%
自由现金流更多
RPM
多$105.4M
$191.0M
两年增速更快
RPM
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.9B |
| 净利润 | $-37.0M | $161.2M |
| 毛利率 | 32.9% | 40.8% |
| 营业利润率 | 3.7% | 11.0% |
| 净利率 | -1.4% | 8.4% |
| 营收同比 | -9.1% | 3.5% |
| 净利润同比 | 97.1% | -12.0% |
| 每股收益（稀释后） | $-17.37 | $1.26 |
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QVCGARPM
| Q4 25 | $2.7B | $1.9B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.3B | $1.5B |
净利润QVCGARPM
| Q4 25 | $-37.0M | $161.2M | ||
| Q3 25 | $-80.0M | $227.6M | ||
| Q2 25 | $-2.2B | $225.8M | ||
| Q1 25 | $-100.0M | $52.0M | ||
| Q4 24 | $-1.3B | $183.2M | ||
| Q3 24 | $-23.0M | $227.7M | ||
| Q2 24 | $20.0M | $180.6M | ||
| Q1 24 | $-1.0M | $61.2M |
毛利率QVCGARPM
| Q4 25 | 32.9% | 40.8% | ||
| Q3 25 | 34.0% | 42.3% | ||
| Q2 25 | 36.4% | 42.4% | ||
| Q1 25 | 34.2% | 38.4% | ||
| Q4 24 | 33.3% | 41.4% | ||
| Q3 24 | 35.3% | 42.5% | ||
| Q2 24 | 36.4% | 41.4% | ||
| Q1 24 | 35.5% | 39.9% |
营业利润率QVCGARPM
| Q4 25 | 3.7% | 11.0% | ||
| Q3 25 | 2.7% | 14.1% | ||
| Q2 25 | -101.6% | 11.9% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | -43.2% | 11.5% | ||
| Q3 24 | 6.5% | 14.8% | ||
| Q2 24 | 6.9% | 11.9% | ||
| Q1 24 | 6.2% | 5.5% |
净利率QVCGARPM
| Q4 25 | -1.4% | 8.4% | ||
| Q3 25 | -3.6% | 10.8% | ||
| Q2 25 | -99.4% | 10.8% | ||
| Q1 25 | -4.8% | 3.5% | ||
| Q4 24 | -43.7% | 9.9% | ||
| Q3 24 | -1.0% | 11.6% | ||
| Q2 24 | 0.8% | 9.0% | ||
| Q1 24 | -0.0% | 4.0% |
每股收益（稀释后）QVCGARPM
| Q4 25 | $-17.37 | $1.26 | ||
| Q3 25 | $-9.89 | $1.77 | ||
| Q2 25 | $-275.46 | $1.76 | ||
| Q1 25 | $-0.25 | $0.40 | ||
| Q4 24 | — | $1.42 | ||
| Q3 24 | $-0.06 | $1.77 | ||
| Q2 24 | $2.57 | $1.40 | ||
| Q1 24 | — | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $790.0M | $2.5B |
| 股东权益账面价值 | $-3.1B | $3.1B |
| 总资产 | $7.6B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资QVCGARPM
| Q4 25 | $2.0B | $316.6M | ||
| Q3 25 | $1.8B | $297.1M | ||
| Q2 25 | $897.0M | $302.1M | ||
| Q1 25 | $833.0M | $241.9M | ||
| Q4 24 | $905.0M | $268.7M | ||
| Q3 24 | $873.0M | $231.6M | ||
| Q2 24 | $1.2B | $237.4M | ||
| Q1 24 | $1.1B | $248.9M |
总债务QVCGARPM
| Q4 25 | $790.0M | $2.5B | ||
| Q3 25 | $5.9B | $2.7B | ||
| Q2 25 | $4.9B | $2.6B | ||
| Q1 25 | $5.0B | $2.1B | ||
| Q4 24 | $4.1B | $2.0B | ||
| Q3 24 | $5.1B | $2.0B | ||
| Q2 24 | $5.3B | $2.0B | ||
| Q1 24 | $5.5B | $2.2B |
股东权益QVCGARPM
| Q4 25 | $-3.1B | $3.1B | ||
| Q3 25 | $-3.1B | $3.1B | ||
| Q2 25 | $-3.0B | $2.9B | ||
| Q1 25 | $-981.0M | $2.7B | ||
| Q4 24 | $-971.0M | $2.7B | ||
| Q3 24 | $397.0M | $2.6B | ||
| Q2 24 | $328.0M | $2.5B | ||
| Q1 24 | $255.0M | $2.3B |
总资产QVCGARPM
| Q4 25 | $7.6B | $7.9B | ||
| Q3 25 | $7.6B | $7.9B | ||
| Q2 25 | $6.7B | $7.8B | ||
| Q1 25 | $9.0B | $6.6B | ||
| Q4 24 | $9.2B | $6.7B | ||
| Q3 24 | $10.8B | $6.6B | ||
| Q2 24 | $10.9B | $6.6B | ||
| Q1 24 | $11.0B | $6.4B |
负债/权益比QVCGARPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | 12.74× | 0.77× | ||
| Q2 24 | 16.28× | 0.79× | ||
| Q1 24 | 21.53× | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $296.4M |
| 自由现金流率自由现金流/营收 | 7.1% | 15.5% |
| 资本支出强度资本支出/营收 | 2.0% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.14× |
| 过去12个月自由现金流最近4个季度 | $118.0M | $582.9M |
8季度趋势，按日历期对齐
经营现金流QVCGARPM
| Q4 25 | $244.0M | $345.7M | ||
| Q3 25 | $4.0M | $237.5M | ||
| Q2 25 | $86.0M | $149.2M | ||
| Q1 25 | $-60.0M | $91.5M | ||
| Q4 24 | $212.0M | $279.4M | ||
| Q3 24 | $20.0M | $248.1M | ||
| Q2 24 | $267.0M | $181.2M | ||
| Q1 24 | $26.0M | $173.4M |
自由现金流QVCGARPM
| Q4 25 | $191.0M | $296.4M | ||
| Q3 25 | $-27.0M | $175.0M | ||
| Q2 25 | $48.0M | $78.2M | ||
| Q1 25 | $-94.0M | $33.3M | ||
| Q4 24 | $150.0M | $229.5M | ||
| Q3 24 | $-23.0M | $197.3M | ||
| Q2 24 | $213.0M | $105.3M | ||
| Q1 24 | $-14.0M | $124.6M |
自由现金流率QVCGARPM
| Q4 25 | 7.1% | 15.5% | ||
| Q3 25 | -1.2% | 8.3% | ||
| Q2 25 | 2.1% | 3.8% | ||
| Q1 25 | -4.5% | 2.3% | ||
| Q4 24 | 5.1% | 12.4% | ||
| Q3 24 | -1.0% | 10.0% | ||
| Q2 24 | 8.8% | 5.2% | ||
| Q1 24 | -0.6% | 8.2% |
资本支出强度QVCGARPM
| Q4 25 | 2.0% | 2.6% | ||
| Q3 25 | 1.4% | 3.0% | ||
| Q2 25 | 1.7% | 3.4% | ||
| Q1 25 | 1.6% | 3.9% | ||
| Q4 24 | 2.1% | 2.7% | ||
| Q3 24 | 1.8% | 2.6% | ||
| Q2 24 | 2.2% | 3.8% | ||
| Q1 24 | 1.7% | 3.2% |
现金转化率QVCGARPM
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 1.53× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | 13.35× | 1.00× | ||
| Q1 24 | — | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
