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QVC Group, Inc.（QVCGA）与Workday, Inc.（WDAY）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Workday, Inc.的1.1倍（$2.7B vs $2.4B），Workday, Inc.净利率更高（10.4% vs -1.4%，领先11.7%），Workday, Inc.同比增速更快（12.6% vs -9.1%），Workday, Inc.自由现金流更多（$550.0M vs $191.0M），过去两年Workday, Inc.的营收复合增速更高（12.5% 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。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
QVCGA vs WDAY — 直观对比
营收规模更大
QVCGA
是对方的1.1倍
$2.4B
营收增速更快
WDAY
高出21.7%
-9.1%
净利率更高
WDAY
高出11.7%
-1.4%
自由现金流更多
WDAY
多$359.0M
$191.0M
两年增速更快
WDAY
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.4B |
| 净利润 | $-37.0M | $252.0M |
| 毛利率 | 32.9% | — |
| 营业利润率 | 3.7% | 10.6% |
| 净利率 | -1.4% | 10.4% |
| 营收同比 | -9.1% | 12.6% |
| 净利润同比 | 97.1% | 30.6% |
| 每股收益（稀释后） | $-17.37 | $0.94 |
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QVCGAWDAY
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.9B | $2.2B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.3B | $1.9B |
净利润QVCGAWDAY
| Q4 25 | $-37.0M | $252.0M | ||
| Q3 25 | $-80.0M | $228.0M | ||
| Q2 25 | $-2.2B | $68.0M | ||
| Q1 25 | $-100.0M | $94.0M | ||
| Q4 24 | $-1.3B | $193.0M | ||
| Q3 24 | $-23.0M | $132.0M | ||
| Q2 24 | $20.0M | $107.0M | ||
| Q1 24 | $-1.0M | $1.2B |
毛利率QVCGAWDAY
| Q4 25 | 32.9% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 36.4% | — | ||
| Q1 24 | 35.5% | — |
营业利润率QVCGAWDAY
| Q4 25 | 3.7% | 10.6% | ||
| Q3 25 | 2.7% | 10.6% | ||
| Q2 25 | -101.6% | 1.7% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | -43.2% | 7.6% | ||
| Q3 24 | 6.5% | 5.3% | ||
| Q2 24 | 6.9% | 3.2% | ||
| Q1 24 | 6.2% | 4.1% |
净利率QVCGAWDAY
| Q4 25 | -1.4% | 10.4% | ||
| Q3 25 | -3.6% | 9.7% | ||
| Q2 25 | -99.4% | 3.0% | ||
| Q1 25 | -4.8% | 4.3% | ||
| Q4 24 | -43.7% | 8.9% | ||
| Q3 24 | -1.0% | 6.3% | ||
| Q2 24 | 0.8% | 5.4% | ||
| Q1 24 | -0.0% | 61.8% |
每股收益（稀释后）QVCGAWDAY
| Q4 25 | $-17.37 | $0.94 | ||
| Q3 25 | $-9.89 | $0.84 | ||
| Q2 25 | $-275.46 | $0.25 | ||
| Q1 25 | $-0.25 | $0.34 | ||
| Q4 24 | — | $0.72 | ||
| Q3 24 | $-0.06 | $0.49 | ||
| Q2 24 | $2.57 | $0.40 | ||
| Q1 24 | — | $4.48 |
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 | $6.8B |
| 总债务越低越好 | $790.0M | — |
| 股东权益账面价值 | $-3.1B | $8.9B |
| 总资产 | $7.6B | $17.8B |
| 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QVCGAWDAY
| Q4 25 | $2.0B | $6.8B | ||
| Q3 25 | $1.8B | $8.2B | ||
| Q2 25 | $897.0M | $8.0B | ||
| Q1 25 | $833.0M | $8.0B | ||
| Q4 24 | $905.0M | $7.2B | ||
| Q3 24 | $873.0M | $7.4B | ||
| Q2 24 | $1.2B | $7.2B | ||
| Q1 24 | $1.1B | $7.8B |
总债务QVCGAWDAY
| 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 | $3.0B | ||
| Q1 24 | $5.5B | $3.0B |
股东权益QVCGAWDAY
| Q4 25 | $-3.1B | $8.9B | ||
| Q3 25 | $-3.1B | $9.2B | ||
| Q2 25 | $-3.0B | $8.9B | ||
| Q1 25 | $-981.0M | $9.0B | ||
| Q4 24 | $-971.0M | $8.6B | ||
| Q3 24 | $397.0M | $8.3B | ||
| Q2 24 | $328.0M | $8.2B | ||
| Q1 24 | $255.0M | $8.1B |
总资产QVCGAWDAY
| Q4 25 | $7.6B | $17.8B | ||
| Q3 25 | $7.6B | $18.0B | ||
| Q2 25 | $6.7B | $17.2B | ||
| Q1 25 | $9.0B | $18.0B | ||
| Q4 24 | $9.2B | $16.4B | ||
| Q3 24 | $10.8B | $16.2B | ||
| Q2 24 | $10.9B | $15.9B | ||
| Q1 24 | $11.0B | $16.5B |
负债/权益比QVCGAWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.74× | — | ||
| Q2 24 | 16.28× | 0.37× | ||
| Q1 24 | 21.53× | 0.37× |
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 | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $550.0M |
| 自由现金流率自由现金流/营收 | 7.1% | 22.6% |
| 资本支出强度资本支出/营收 | 2.0% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $118.0M | $2.6B |
8季度趋势，按日历期对齐
经营现金流QVCGAWDAY
| Q4 25 | $244.0M | $588.0M | ||
| Q3 25 | $4.0M | $616.0M | ||
| Q2 25 | $86.0M | $457.0M | ||
| Q1 25 | $-60.0M | $1.1B | ||
| Q4 24 | $212.0M | $406.0M | ||
| Q3 24 | $20.0M | $571.0M | ||
| Q2 24 | $267.0M | $372.0M | ||
| Q1 24 | $26.0M | $995.6M |
自由现金流QVCGAWDAY
| Q4 25 | $191.0M | $550.0M | ||
| Q3 25 | $-27.0M | $588.0M | ||
| Q2 25 | $48.0M | $421.0M | ||
| Q1 25 | $-94.0M | $1.0B | ||
| Q4 24 | $150.0M | $359.0M | ||
| Q3 24 | $-23.0M | $516.0M | ||
| Q2 24 | $213.0M | $291.0M | ||
| Q1 24 | $-14.0M | $947.6M |
自由现金流率QVCGAWDAY
| Q4 25 | 7.1% | 22.6% | ||
| Q3 25 | -1.2% | 25.0% | ||
| Q2 25 | 2.1% | 18.8% | ||
| Q1 25 | -4.5% | 46.4% | ||
| Q4 24 | 5.1% | 16.6% | ||
| Q3 24 | -1.0% | 24.7% | ||
| Q2 24 | 8.8% | 14.6% | ||
| Q1 24 | -0.6% | 49.3% |
资本支出强度QVCGAWDAY
| Q4 25 | 2.0% | 1.6% | ||
| Q3 25 | 1.4% | 1.2% | ||
| Q2 25 | 1.7% | 1.6% | ||
| Q1 25 | 1.6% | 3.9% | ||
| Q4 24 | 2.1% | 2.2% | ||
| Q3 24 | 1.8% | 2.6% | ||
| Q2 24 | 2.2% | 4.1% | ||
| Q1 24 | 1.7% | 2.5% |
现金转化率QVCGAWDAY
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | — | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | 13.35× | 3.48× | ||
| Q1 24 | — | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
