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QVC Group, Inc.（QVCGA）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是QVC Group, Inc.的1.4倍（$3.8B vs $2.7B），史丹利百得净利率更高（1.4% vs -1.4%，领先2.8%），史丹利百得同比增速更快（0.1% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $155.3M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
QVCGA vs SWK — 直观对比
营收规模更大
SWK
是对方的1.4倍
$2.7B
营收增速更快
SWK
高出9.2%
-9.1%
净利率更高
SWK
高出2.8%
-1.4%
自由现金流更多
QVCGA
多$35.7M
$155.3M
两年增速更快
QVCGA
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.8B |
| 净利润 | $-37.0M | $51.4M |
| 毛利率 | 32.9% | 31.4% |
| 营业利润率 | 3.7% | — |
| 净利率 | -1.4% | 1.4% |
| 营收同比 | -9.1% | 0.1% |
| 净利润同比 | 97.1% | -43.6% |
| 每股收益（稀释后） | $-17.37 | $0.34 |
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QVCGASWK
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.2B | $3.8B | ||
| Q2 25 | $2.2B | $3.9B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.9B | $3.7B | ||
| Q3 24 | $2.3B | $3.8B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.3B | $3.9B |
净利润QVCGASWK
| Q4 25 | $-37.0M | — | ||
| Q3 25 | $-80.0M | $51.4M | ||
| Q2 25 | $-2.2B | $101.9M | ||
| Q1 25 | $-100.0M | $90.4M | ||
| Q4 24 | $-1.3B | $194.9M | ||
| Q3 24 | $-23.0M | $91.1M | ||
| Q2 24 | $20.0M | $-11.2M | ||
| Q1 24 | $-1.0M | $19.5M |
毛利率QVCGASWK
| Q4 25 | 32.9% | — | ||
| Q3 25 | 34.0% | 31.4% | ||
| Q2 25 | 36.4% | 27.0% | ||
| Q1 25 | 34.2% | 29.9% | ||
| Q4 24 | 33.3% | 30.8% | ||
| Q3 24 | 35.3% | 29.9% | ||
| Q2 24 | 36.4% | 28.4% | ||
| Q1 24 | 35.5% | 28.6% |
营业利润率QVCGASWK
| Q4 25 | 3.7% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | -101.6% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | -43.2% | 3.4% | ||
| Q3 24 | 6.5% | 10.6% | ||
| Q2 24 | 6.9% | 9.5% | ||
| Q1 24 | 6.2% | 8.3% |
净利率QVCGASWK
| Q4 25 | -1.4% | — | ||
| Q3 25 | -3.6% | 1.4% | ||
| Q2 25 | -99.4% | 2.6% | ||
| Q1 25 | -4.8% | 2.4% | ||
| Q4 24 | -43.7% | 5.2% | ||
| Q3 24 | -1.0% | 2.4% | ||
| Q2 24 | 0.8% | -0.3% | ||
| Q1 24 | -0.0% | 0.5% |
每股收益（稀释后）QVCGASWK
| Q4 25 | $-17.37 | — | ||
| Q3 25 | $-9.89 | $0.34 | ||
| Q2 25 | $-275.46 | $0.67 | ||
| Q1 25 | $-0.25 | $0.60 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | $-0.06 | $0.60 | ||
| Q2 24 | $2.57 | $-0.07 | ||
| Q1 24 | — | $0.13 |
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 | $268.3M |
| 总债务越低越好 | $790.0M | $5.3B |
| 股东权益账面价值 | $-3.1B | $9.0B |
| 总资产 | $7.6B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资QVCGASWK
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.8B | $268.3M | ||
| Q2 25 | $897.0M | $311.8M | ||
| Q1 25 | $833.0M | $344.8M | ||
| Q4 24 | $905.0M | $290.5M | ||
| Q3 24 | $873.0M | $298.7M | ||
| Q2 24 | $1.2B | $318.5M | ||
| Q1 24 | $1.1B | $476.6M |
总债务QVCGASWK
| Q4 25 | $790.0M | — | ||
| Q3 25 | $5.9B | $5.3B | ||
| Q2 25 | $4.9B | $5.6B | ||
| Q1 25 | $5.0B | $5.6B | ||
| Q4 24 | $4.1B | $6.1B | ||
| Q3 24 | $5.1B | $6.1B | ||
| Q2 24 | $5.3B | $6.1B | ||
| Q1 24 | $5.5B | $6.1B |
股东权益QVCGASWK
| Q4 25 | $-3.1B | — | ||
| Q3 25 | $-3.1B | $9.0B | ||
| Q2 25 | $-3.0B | $9.1B | ||
| Q1 25 | $-981.0M | $8.8B | ||
| Q4 24 | $-971.0M | $8.7B | ||
| Q3 24 | $397.0M | $8.9B | ||
| Q2 24 | $328.0M | $8.7B | ||
| Q1 24 | $255.0M | $8.9B |
总资产QVCGASWK
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.6B | $21.8B | ||
| Q2 25 | $6.7B | $22.5B | ||
| Q1 25 | $9.0B | $22.5B | ||
| Q4 24 | $9.2B | $21.8B | ||
| Q3 24 | $10.8B | $22.5B | ||
| Q2 24 | $10.9B | $22.5B | ||
| Q1 24 | $11.0B | $23.9B |
负债/权益比QVCGASWK
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | 12.74× | 0.69× | ||
| Q2 24 | 16.28× | 0.70× | ||
| Q1 24 | 21.53× | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $155.3M |
| 自由现金流率自由现金流/营收 | 7.1% | 4.1% |
| 资本支出强度资本支出/营收 | 2.0% | 1.8% |
| 现金转化率经营现金流/净利润 | — | 4.30× |
| 过去12个月自由现金流最近4个季度 | $118.0M | $369.6M |
8季度趋势，按日历期对齐
经营现金流QVCGASWK
| Q4 25 | $244.0M | — | ||
| Q3 25 | $4.0M | $221.2M | ||
| Q2 25 | $86.0M | $214.3M | ||
| Q1 25 | $-60.0M | $-420.0M | ||
| Q4 24 | $212.0M | $679.1M | ||
| Q3 24 | $20.0M | $285.8M | ||
| Q2 24 | $267.0M | $573.0M | ||
| Q1 24 | $26.0M | $-431.0M |
自由现金流QVCGASWK
| Q4 25 | $191.0M | — | ||
| Q3 25 | $-27.0M | $155.3M | ||
| Q2 25 | $48.0M | $134.7M | ||
| Q1 25 | $-94.0M | $-485.0M | ||
| Q4 24 | $150.0M | $564.6M | ||
| Q3 24 | $-23.0M | $199.3M | ||
| Q2 24 | $213.0M | $485.8M | ||
| Q1 24 | $-14.0M | $-496.7M |
自由现金流率QVCGASWK
| Q4 25 | 7.1% | — | ||
| Q3 25 | -1.2% | 4.1% | ||
| Q2 25 | 2.1% | 3.4% | ||
| Q1 25 | -4.5% | -13.0% | ||
| Q4 24 | 5.1% | 15.2% | ||
| Q3 24 | -1.0% | 5.3% | ||
| Q2 24 | 8.8% | 12.1% | ||
| Q1 24 | -0.6% | -12.8% |
资本支出强度QVCGASWK
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 1.7% | 2.0% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 2.1% | 3.1% | ||
| Q3 24 | 1.8% | 2.3% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 1.7% | 1.7% |
现金转化率QVCGASWK
| Q4 25 | — | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | -4.65× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | — | 3.14× | ||
| Q2 24 | 13.35× | — | ||
| Q1 24 | — | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
