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QVC Group, Inc.（QVCGA）与SONOCO PRODUCTS CO（SON）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SONOCO PRODUCTS CO的1.6倍（$2.7B vs $1.7B），SONOCO PRODUCTS CO净利率更高（4.1% vs -1.4%，领先5.4%），SONOCO PRODUCTS CO同比增速更快（-1.9% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $-428.3B），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs 1.2%）
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。
索诺科产品公司是美国多元化包装服务商，主营消费包装、工业产品、防护包装及包装供应链服务，是全球最大的复合罐、纸管和纸芯生产商。公司成立于1889年，年净销售额约73亿美元，在33个国家设有超335个运营点，员工1.99万名，业务覆盖超85个国家，总部位于南卡罗来纳州哈茨维尔。
QVCGA vs SON — 直观对比
营收规模更大
QVCGA
是对方的1.6倍
$1.7B
营收增速更快
SON
高出7.2%
-9.1%
净利率更高
SON
高出5.4%
-1.4%
自由现金流更多
QVCGA
多$428.5B
$-428.3B
两年增速更快
QVCGA
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.7B |
| 净利润 | $-37.0M | $68.0M |
| 毛利率 | 32.9% | 20.6% |
| 营业利润率 | 3.7% | 7.6% |
| 净利率 | -1.4% | 4.1% |
| 营收同比 | -9.1% | -1.9% |
| 净利润同比 | 97.1% | 25.9% |
| 每股收益（稀释后） | $-17.37 | $0.68 |
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QVCGASON
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.4B | $1.6B |
净利润QVCGASON
| Q1 26 | — | $68.0M | ||
| Q4 25 | $-37.0M | $332.2M | ||
| Q3 25 | $-80.0M | $122.9M | ||
| Q2 25 | $-2.2B | $493.4M | ||
| Q1 25 | $-100.0M | $54.4M | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | $-23.0M | $50.9M | ||
| Q2 24 | $20.0M | $90.8M |
毛利率QVCGASON
| Q1 26 | — | 20.6% | ||
| Q4 25 | 32.9% | 19.6% | ||
| Q3 25 | 34.0% | 21.9% | ||
| Q2 25 | 36.4% | 21.3% | ||
| Q1 25 | 34.2% | 20.7% | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 35.3% | 21.4% | ||
| Q2 24 | 36.4% | 22.0% |
营业利润率QVCGASON
| Q1 26 | — | 7.6% | ||
| Q4 25 | 3.7% | 29.4% | ||
| Q3 25 | 2.7% | 9.1% | ||
| Q2 25 | -101.6% | 9.2% | ||
| Q1 25 | 0.7% | 7.4% | ||
| Q4 24 | -43.2% | — | ||
| Q3 24 | 6.5% | 7.6% | ||
| Q2 24 | 6.9% | 8.6% |
净利率QVCGASON
| Q1 26 | — | 4.1% | ||
| Q4 25 | -1.4% | 18.8% | ||
| Q3 25 | -3.6% | 5.8% | ||
| Q2 25 | -99.4% | 25.8% | ||
| Q1 25 | -4.8% | 3.2% | ||
| Q4 24 | -43.7% | — | ||
| Q3 24 | -1.0% | 3.0% | ||
| Q2 24 | 0.8% | 5.6% |
每股收益（稀释后）QVCGASON
| Q1 26 | — | $0.68 | ||
| Q4 25 | $-17.37 | $3.33 | ||
| Q3 25 | $-9.89 | $1.23 | ||
| Q2 25 | $-275.46 | $4.96 | ||
| Q1 25 | $-0.25 | $0.55 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.06 | $0.51 | ||
| Q2 24 | $2.57 | $0.92 |
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 | $224.5M |
| 总债务越低越好 | $790.0M | $3.5B |
| 股东权益账面价值 | $-3.1B | $3.6B |
| 总资产 | $7.6B | $11.1B |
| 负债/权益比越低杠杆越低 | — | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资QVCGASON
| Q1 26 | — | $224.5M | ||
| Q4 25 | $2.0B | $378.4M | ||
| Q3 25 | $1.8B | $244.9M | ||
| Q2 25 | $897.0M | $329.8M | ||
| Q1 25 | $833.0M | $181.8M | ||
| Q4 24 | $905.0M | — | ||
| Q3 24 | $873.0M | $1.9B | ||
| Q2 24 | $1.2B | $140.2M |
总债务QVCGASON
| Q1 26 | — | $3.5B | ||
| Q4 25 | $790.0M | $3.8B | ||
| Q3 25 | $5.9B | $3.8B | ||
| Q2 25 | $4.9B | $5.0B | ||
| Q1 25 | $5.0B | $5.0B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $5.1B | $4.3B | ||
| Q2 24 | $5.3B | $2.5B |
股东权益QVCGASON
| Q1 26 | — | $3.6B | ||
| Q4 25 | $-3.1B | $3.6B | ||
| Q3 25 | $-3.1B | $3.3B | ||
| Q2 25 | $-3.0B | $3.2B | ||
| Q1 25 | $-981.0M | $2.4B | ||
| Q4 24 | $-971.0M | — | ||
| Q3 24 | $397.0M | $2.5B | ||
| Q2 24 | $328.0M | $2.4B |
总资产QVCGASON
| Q1 26 | — | $11.1B | ||
| Q4 25 | $7.6B | $11.2B | ||
| Q3 25 | $7.6B | $11.7B | ||
| Q2 25 | $6.7B | $12.0B | ||
| Q1 25 | $9.0B | $12.7B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $10.8B | $9.0B | ||
| Q2 24 | $10.9B | $7.2B |
负债/权益比QVCGASON
| Q1 26 | — | 0.97× | ||
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.74× | 1.74× | ||
| Q2 24 | 16.28× | 1.04× |
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 | $-428.3B |
| 自由现金流率自由现金流/营收 | 7.1% | -25547.4% |
| 资本支出强度资本支出/营收 | 2.0% | 3600.5% |
| 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 | $-427.6B |
8季度趋势，按日历期对齐
经营现金流QVCGASON
| Q1 26 | — | — | ||
| Q4 25 | $244.0M | $412.9M | ||
| Q3 25 | $4.0M | $291.5M | ||
| Q2 25 | $86.0M | $193.4M | ||
| Q1 25 | $-60.0M | $-208.1M | ||
| Q4 24 | $212.0M | — | ||
| Q3 24 | $20.0M | $162.1M | ||
| Q2 24 | $267.0M | $109.3M |
自由现金流QVCGASON
| Q1 26 | — | $-428.3B | ||
| Q4 25 | $191.0M | $322.3M | ||
| Q3 25 | $-27.0M | $225.6M | ||
| Q2 25 | $48.0M | $98.6M | ||
| Q1 25 | $-94.0M | $-300.8M | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | $-23.0M | $70.5M | ||
| Q2 24 | $213.0M | $16.0M |
自由现金流率QVCGASON
| Q1 26 | — | -25547.4% | ||
| Q4 25 | 7.1% | 18.2% | ||
| Q3 25 | -1.2% | 10.6% | ||
| Q2 25 | 2.1% | 5.2% | ||
| Q1 25 | -4.5% | -17.6% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | -1.0% | 4.2% | ||
| Q2 24 | 8.8% | 1.0% |
资本支出强度QVCGASON
| Q1 26 | — | 3600.5% | ||
| Q4 25 | 2.0% | 5.1% | ||
| Q3 25 | 1.4% | 3.1% | ||
| Q2 25 | 1.7% | 5.0% | ||
| Q1 25 | 1.6% | 5.4% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.8% | 5.5% | ||
| Q2 24 | 2.2% | 5.7% |
现金转化率QVCGASON
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | -3.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | 13.35× | 1.20× |
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% |
SON
| Consumer Packaging | $1.1B | 65% |
| Industrial Paper Packaging | $587.5M | 35% |
| All Other | $55.1M | 3% |
