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QVC Group, Inc.（QVCGA）与摩森康胜饮品公司（TAP）财务数据对比。点击上方公司名可切换其他公司
摩森康胜饮品公司的季度营收约是QVC Group, Inc.的1.2倍（$3.1B vs $2.7B），摩森康胜饮品公司净利率更高（7.6% vs -1.4%，领先9.0%），摩森康胜饮品公司同比增速更快（-3.6% vs -9.1%），摩森康胜饮品公司自由现金流更多（$357.8M vs $191.0M），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。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
QVCGA vs TAP — 直观对比
营收规模更大
TAP
是对方的1.2倍
$2.7B
营收增速更快
TAP
高出5.5%
-9.1%
净利率更高
TAP
高出9.0%
-1.4%
自由现金流更多
TAP
多$166.8M
$191.0M
两年增速更快
QVCGA
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.1B |
| 净利润 | $-37.0M | $238.3M |
| 毛利率 | 32.9% | 31.0% |
| 营业利润率 | 3.7% | 10.4% |
| 净利率 | -1.4% | 7.6% |
| 营收同比 | -9.1% | -3.6% |
| 净利润同比 | 97.1% | -17.2% |
| 每股收益（稀释后） | $-17.37 | $1.32 |
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QVCGATAP
| Q4 25 | $2.7B | $3.1B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $2.2B | $3.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.9B | $3.2B | ||
| Q3 24 | $2.3B | $3.6B | ||
| Q2 24 | $2.4B | $3.8B | ||
| Q1 24 | $2.3B | $3.0B |
净利润QVCGATAP
| Q4 25 | $-37.0M | $238.3M | ||
| Q3 25 | $-80.0M | $-2.9B | ||
| Q2 25 | $-2.2B | $428.7M | ||
| Q1 25 | $-100.0M | $121.0M | ||
| Q4 24 | $-1.3B | $287.8M | ||
| Q3 24 | $-23.0M | $199.8M | ||
| Q2 24 | $20.0M | $427.0M | ||
| Q1 24 | $-1.0M | $207.8M |
毛利率QVCGATAP
| Q4 25 | 32.9% | 31.0% | ||
| Q3 25 | 34.0% | 33.7% | ||
| Q2 25 | 36.4% | 34.3% | ||
| Q1 25 | 34.2% | 31.6% | ||
| Q4 24 | 33.3% | 32.0% | ||
| Q3 24 | 35.3% | 33.4% | ||
| Q2 24 | 36.4% | 34.6% | ||
| Q1 24 | 35.5% | 31.6% |
营业利润率QVCGATAP
| Q4 25 | 3.7% | 10.4% | ||
| Q3 25 | 2.7% | -98.5% | ||
| Q2 25 | -101.6% | 15.6% | ||
| Q1 25 | 0.7% | 6.9% | ||
| Q4 24 | -43.2% | 12.0% | ||
| Q3 24 | 6.5% | 12.5% | ||
| Q2 24 | 6.9% | 15.6% | ||
| Q1 24 | 6.2% | 10.3% |
净利率QVCGATAP
| Q4 25 | -1.4% | 7.6% | ||
| Q3 25 | -3.6% | -84.0% | ||
| Q2 25 | -99.4% | 11.5% | ||
| Q1 25 | -4.8% | 4.5% | ||
| Q4 24 | -43.7% | 8.9% | ||
| Q3 24 | -1.0% | 5.5% | ||
| Q2 24 | 0.8% | 11.1% | ||
| Q1 24 | -0.0% | 6.8% |
每股收益（稀释后）QVCGATAP
| Q4 25 | $-17.37 | $1.32 | ||
| Q3 25 | $-9.89 | $-14.79 | ||
| Q2 25 | $-275.46 | $2.13 | ||
| Q1 25 | $-0.25 | $0.59 | ||
| Q4 24 | — | $1.39 | ||
| Q3 24 | $-0.06 | $0.96 | ||
| Q2 24 | $2.57 | $2.03 | ||
| Q1 24 | — | $0.97 |
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 | $896.5M |
| 总债务越低越好 | $790.0M | $6.3B |
| 股东权益账面价值 | $-3.1B | $10.2B |
| 总资产 | $7.6B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资QVCGATAP
| Q4 25 | $2.0B | $896.5M | ||
| Q3 25 | $1.8B | $950.2M | ||
| Q2 25 | $897.0M | $613.8M | ||
| Q1 25 | $833.0M | $412.7M | ||
| Q4 24 | $905.0M | $969.3M | ||
| Q3 24 | $873.0M | $1.0B | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $1.1B | $458.4M |
总债务QVCGATAP
| Q4 25 | $790.0M | $6.3B | ||
| Q3 25 | $5.9B | $6.3B | ||
| Q2 25 | $4.9B | $6.3B | ||
| Q1 25 | $5.0B | $6.2B | ||
| Q4 24 | $4.1B | $6.1B | ||
| Q3 24 | $5.1B | $6.2B | ||
| Q2 24 | $5.3B | $7.0B | ||
| Q1 24 | $5.5B | $6.2B |
股东权益QVCGATAP
| Q4 25 | $-3.1B | $10.2B | ||
| Q3 25 | $-3.1B | $10.3B | ||
| Q2 25 | $-3.0B | $13.4B | ||
| Q1 25 | $-981.0M | $13.1B | ||
| Q4 24 | $-971.0M | $13.1B | ||
| Q3 24 | $397.0M | $13.3B | ||
| Q2 24 | $328.0M | $13.2B | ||
| Q1 24 | $255.0M | $13.1B |
总资产QVCGATAP
| Q4 25 | $7.6B | $22.7B | ||
| Q3 25 | $7.6B | $22.9B | ||
| Q2 25 | $6.7B | $26.8B | ||
| Q1 25 | $9.0B | $25.9B | ||
| Q4 24 | $9.2B | $26.1B | ||
| Q3 24 | $10.8B | $26.6B | ||
| Q2 24 | $10.9B | $27.4B | ||
| Q1 24 | $11.0B | $26.1B |
负债/权益比QVCGATAP
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | 12.74× | 0.47× | ||
| Q2 24 | 16.28× | 0.53× | ||
| Q1 24 | 21.53× | 0.47× |
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 | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $357.8M |
| 自由现金流率自由现金流/营收 | 7.1% | 11.4% |
| 资本支出强度资本支出/营收 | 2.0% | 5.9% |
| 现金转化率经营现金流/净利润 | — | 2.27× |
| 过去12个月自由现金流最近4个季度 | $118.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流QVCGATAP
| Q4 25 | $244.0M | $540.7M | ||
| Q3 25 | $4.0M | $616.1M | ||
| Q2 25 | $86.0M | $718.3M | ||
| Q1 25 | $-60.0M | $-90.7M | ||
| Q4 24 | $212.0M | $494.5M | ||
| Q3 24 | $20.0M | $521.2M | ||
| Q2 24 | $267.0M | $869.2M | ||
| Q1 24 | $26.0M | $25.4M |
自由现金流QVCGATAP
| Q4 25 | $191.0M | $357.8M | ||
| Q3 25 | $-27.0M | $483.0M | ||
| Q2 25 | $48.0M | $555.0M | ||
| Q1 25 | $-94.0M | $-328.0M | ||
| Q4 24 | $150.0M | $383.4M | ||
| Q3 24 | $-23.0M | $350.4M | ||
| Q2 24 | $213.0M | $691.7M | ||
| Q1 24 | $-14.0M | $-189.3M |
自由现金流率QVCGATAP
| Q4 25 | 7.1% | 11.4% | ||
| Q3 25 | -1.2% | 13.9% | ||
| Q2 25 | 2.1% | 14.8% | ||
| Q1 25 | -4.5% | -12.2% | ||
| Q4 24 | 5.1% | 11.8% | ||
| Q3 24 | -1.0% | 9.7% | ||
| Q2 24 | 8.8% | 18.0% | ||
| Q1 24 | -0.6% | -6.2% |
资本支出强度QVCGATAP
| Q4 25 | 2.0% | 5.9% | ||
| Q3 25 | 1.4% | 3.8% | ||
| Q2 25 | 1.7% | 4.4% | ||
| Q1 25 | 1.6% | 8.8% | ||
| Q4 24 | 2.1% | 3.4% | ||
| Q3 24 | 1.8% | 4.7% | ||
| Q2 24 | 2.2% | 4.6% | ||
| Q1 24 | 1.7% | 7.0% |
现金转化率QVCGATAP
| Q4 25 | — | 2.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | -0.75× | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | 13.35× | 2.04× | ||
| Q1 24 | — | 0.12× |
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% |
TAP
暂无分部数据
