vs
QVC Group, Inc.（QVCGA）与Take-Two Interactive（TTWO）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Take-Two Interactive的1.6倍（$2.7B vs $1.7B），QVC Group, Inc.净利率更高（-1.4% vs -5.5%，领先4.1%），Take-Two Interactive同比增速更快（24.9% vs -9.1%），Take-Two Interactive自由现金流更多（$236.2M vs $191.0M），过去两年Take-Two Interactive的营收复合增速更高（10.2% 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。
Take-Two Interactive是总部位于美国纽约的电子游戏控股企业，由瑞安·布兰特于1993年9月创立，在全球互动娱乐领域拥有较高影响力，业务覆盖游戏研发、发行与运营等核心环节。
QVCGA vs TTWO — 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
TTWO
高出34.0%
-9.1%
净利率更高
QVCGA
高出4.1%
-5.5%
自由现金流更多
TTWO
多$45.2M
$191.0M
两年增速更快
TTWO
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.7B |
| 净利润 | $-37.0M | $-92.9M |
| 毛利率 | 32.9% | 55.7% |
| 营业利润率 | 3.7% | -2.3% |
| 净利率 | -1.4% | -5.5% |
| 营收同比 | -9.1% | 24.9% |
| 净利润同比 | 97.1% | 25.8% |
| 每股收益（稀释后） | $-17.37 | $-0.50 |
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QVCGATTWO
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.3B | $1.4B |
净利润QVCGATTWO
| Q4 25 | $-37.0M | $-92.9M | ||
| Q3 25 | $-80.0M | $-133.9M | ||
| Q2 25 | $-2.2B | $-11.9M | ||
| Q1 25 | $-100.0M | $-3.7B | ||
| Q4 24 | $-1.3B | $-125.2M | ||
| Q3 24 | $-23.0M | $-365.5M | ||
| Q2 24 | $20.0M | $-262.0M | ||
| Q1 24 | $-1.0M | $-2.9B |
毛利率QVCGATTWO
| Q4 25 | 32.9% | 55.7% | ||
| Q3 25 | 34.0% | 55.3% | ||
| Q2 25 | 36.4% | 62.8% | ||
| Q1 25 | 34.2% | 50.8% | ||
| Q4 24 | 33.3% | 55.9% | ||
| Q3 24 | 35.3% | 53.8% | ||
| Q2 24 | 36.4% | 57.6% | ||
| Q1 24 | 35.5% | 33.5% |
营业利润率QVCGATTWO
| Q4 25 | 3.7% | -2.3% | ||
| Q3 25 | 2.7% | -5.5% | ||
| Q2 25 | -101.6% | 1.4% | ||
| Q1 25 | 0.7% | -238.7% | ||
| Q4 24 | -43.2% | -9.7% | ||
| Q3 24 | 6.5% | -22.0% | ||
| Q2 24 | 6.9% | -13.8% | ||
| Q1 24 | 6.2% | -193.9% |
净利率QVCGATTWO
| Q4 25 | -1.4% | -5.5% | ||
| Q3 25 | -3.6% | -7.5% | ||
| Q2 25 | -99.4% | -0.8% | ||
| Q1 25 | -4.8% | -235.5% | ||
| Q4 24 | -43.7% | -9.2% | ||
| Q3 24 | -1.0% | -27.0% | ||
| Q2 24 | 0.8% | -19.6% | ||
| Q1 24 | -0.0% | -207.4% |
每股收益（稀释后）QVCGATTWO
| Q4 25 | $-17.37 | $-0.50 | ||
| Q3 25 | $-9.89 | $-0.73 | ||
| Q2 25 | $-275.46 | $-0.07 | ||
| Q1 25 | $-0.25 | $-21.27 | ||
| Q4 24 | — | $-0.71 | ||
| Q3 24 | $-0.06 | $-2.08 | ||
| Q2 24 | $2.57 | $-1.52 | ||
| Q1 24 | — | $-17.05 |
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 | $2.4B |
| 总债务越低越好 | $790.0M | — |
| 股东权益账面价值 | $-3.1B | $3.5B |
| 总资产 | $7.6B | $10.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资QVCGATTWO
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $897.0M | $2.0B | ||
| Q1 25 | $833.0M | $1.5B | ||
| Q4 24 | $905.0M | $1.2B | ||
| Q3 24 | $873.0M | $879.6M | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.1B | $776.0M |
总债务QVCGATTWO
| Q4 25 | $790.0M | — | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
股东权益QVCGATTWO
| Q4 25 | $-3.1B | $3.5B | ||
| Q3 25 | $-3.1B | $3.4B | ||
| Q2 25 | $-3.0B | $3.5B | ||
| Q1 25 | $-981.0M | $2.1B | ||
| Q4 24 | $-971.0M | $5.7B | ||
| Q3 24 | $397.0M | $5.8B | ||
| Q2 24 | $328.0M | $6.0B | ||
| Q1 24 | $255.0M | $5.7B |
总资产QVCGATTWO
| Q4 25 | $7.6B | $10.0B | ||
| Q3 25 | $7.6B | $10.1B | ||
| Q2 25 | $6.7B | $9.7B | ||
| Q1 25 | $9.0B | $9.2B | ||
| Q4 24 | $9.2B | $12.7B | ||
| Q3 24 | $10.8B | $13.1B | ||
| Q2 24 | $10.9B | $12.9B | ||
| Q1 24 | $11.0B | $12.2B |
负债/权益比QVCGATTWO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.74× | — | ||
| Q2 24 | 16.28× | — | ||
| Q1 24 | 21.53× | — |
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 | $305.2M |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $236.2M |
| 自由现金流率自由现金流/营收 | 7.1% | 13.9% |
| 资本支出强度资本支出/营收 | 2.0% | 4.1% |
| 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 | $487.8M |
8季度趋势，按日历期对齐
经营现金流QVCGATTWO
| Q4 25 | $244.0M | $305.2M | ||
| Q3 25 | $4.0M | $128.4M | ||
| Q2 25 | $86.0M | $-44.7M | ||
| Q1 25 | $-60.0M | $279.0M | ||
| Q4 24 | $212.0M | $-4.8M | ||
| Q3 24 | $20.0M | $-128.4M | ||
| Q2 24 | $267.0M | $-191.0M | ||
| Q1 24 | $26.0M | $-8.9M |
自由现金流QVCGATTWO
| Q4 25 | $191.0M | $236.2M | ||
| Q3 25 | $-27.0M | $96.5M | ||
| Q2 25 | $48.0M | $-69.8M | ||
| Q1 25 | $-94.0M | $224.9M | ||
| Q4 24 | $150.0M | $-48.2M | ||
| Q3 24 | $-23.0M | $-165.2M | ||
| Q2 24 | $213.0M | $-226.1M | ||
| Q1 24 | $-14.0M | $-55.1M |
自由现金流率QVCGATTWO
| Q4 25 | 7.1% | 13.9% | ||
| Q3 25 | -1.2% | 5.4% | ||
| Q2 25 | 2.1% | -4.6% | ||
| Q1 25 | -4.5% | 14.2% | ||
| Q4 24 | 5.1% | -3.5% | ||
| Q3 24 | -1.0% | -12.2% | ||
| Q2 24 | 8.8% | -16.9% | ||
| Q1 24 | -0.6% | -3.9% |
资本支出强度QVCGATTWO
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 1.6% | 3.4% | ||
| Q4 24 | 2.1% | 3.2% | ||
| Q3 24 | 1.8% | 2.7% | ||
| Q2 24 | 2.2% | 2.6% | ||
| Q1 24 | 1.7% | 3.3% |
现金转化率QVCGATTWO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.35× | — | ||
| Q1 24 | — | — |
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% |
TTWO
暂无分部数据
