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QVC Group, Inc.（QVCGA）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是惠好的1.7倍（$2.7B vs $1.5B），惠好净利率更高（4.8% vs -1.4%，领先6.2%），QVC Group, Inc.同比增速更快（-9.1% vs -9.8%），QVC Group, Inc.自由现金流更多（$191.0M vs $-128.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
QVCGA vs WY — 直观对比
营收规模更大
QVCGA
是对方的1.7倍
$1.5B
营收增速更快
QVCGA
高出0.7%
-9.8%
净利率更高
WY
高出6.2%
-1.4%
自由现金流更多
QVCGA
多$319.0M
$-128.0M
两年增速更快
QVCGA
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.5B |
| 净利润 | $-37.0M | $74.0M |
| 毛利率 | 32.9% | 10.4% |
| 营业利润率 | 3.7% | 16.3% |
| 净利率 | -1.4% | 4.8% |
| 营收同比 | -9.1% | -9.8% |
| 净利润同比 | 97.1% | -8.6% |
| 每股收益（稀释后） | $-17.37 | $0.11 |
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QVCGAWY
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.4B | $1.9B | ||
| Q1 24 | $2.3B | $1.8B |
净利润QVCGAWY
| Q4 25 | $-37.0M | $74.0M | ||
| Q3 25 | $-80.0M | $80.0M | ||
| Q2 25 | $-2.2B | $87.0M | ||
| Q1 25 | $-100.0M | $83.0M | ||
| Q4 24 | $-1.3B | $81.0M | ||
| Q3 24 | $-23.0M | $28.0M | ||
| Q2 24 | $20.0M | $173.0M | ||
| Q1 24 | $-1.0M | $114.0M |
毛利率QVCGAWY
| Q4 25 | 32.9% | 10.4% | ||
| Q3 25 | 34.0% | 11.9% | ||
| Q2 25 | 36.4% | 17.3% | ||
| Q1 25 | 34.2% | 19.0% | ||
| Q4 24 | 33.3% | 17.8% | ||
| Q3 24 | 35.3% | 14.9% | ||
| Q2 24 | 36.4% | 20.8% | ||
| Q1 24 | 35.5% | 19.8% |
营业利润率QVCGAWY
| Q4 25 | 3.7% | 16.3% | ||
| Q3 25 | 2.7% | 7.2% | ||
| Q2 25 | -101.6% | 9.4% | ||
| Q1 25 | 0.7% | 10.2% | ||
| Q4 24 | -43.2% | 8.3% | ||
| Q3 24 | 6.5% | 4.6% | ||
| Q2 24 | 6.9% | 13.9% | ||
| Q1 24 | 6.2% | 10.9% |
净利率QVCGAWY
| Q4 25 | -1.4% | 4.8% | ||
| Q3 25 | -3.6% | 4.7% | ||
| Q2 25 | -99.4% | 4.6% | ||
| Q1 25 | -4.8% | 4.7% | ||
| Q4 24 | -43.7% | 4.7% | ||
| Q3 24 | -1.0% | 1.7% | ||
| Q2 24 | 0.8% | 8.9% | ||
| Q1 24 | -0.0% | 6.3% |
每股收益（稀释后）QVCGAWY
| Q4 25 | $-17.37 | $0.11 | ||
| Q3 25 | $-9.89 | $0.11 | ||
| Q2 25 | $-275.46 | $0.12 | ||
| Q1 25 | $-0.25 | $0.11 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $-0.06 | $0.04 | ||
| Q2 24 | $2.57 | $0.24 | ||
| Q1 24 | — | $0.16 |
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 | $464.0M |
| 总债务越低越好 | $790.0M | $5.6B |
| 股东权益账面价值 | $-3.1B | $9.4B |
| 总资产 | $7.6B | $16.6B |
| 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QVCGAWY
| Q4 25 | $2.0B | $464.0M | ||
| Q3 25 | $1.8B | $401.0M | ||
| Q2 25 | $897.0M | $592.0M | ||
| Q1 25 | $833.0M | $560.0M | ||
| Q4 24 | $905.0M | $684.0M | ||
| Q3 24 | $873.0M | $877.0M | ||
| Q2 24 | $1.2B | $997.0M | ||
| Q1 24 | $1.1B | $871.0M |
总债务QVCGAWY
| Q4 25 | $790.0M | $5.6B | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $4.1B | $5.1B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
股东权益QVCGAWY
| Q4 25 | $-3.1B | $9.4B | ||
| Q3 25 | $-3.1B | $9.4B | ||
| Q2 25 | $-3.0B | $9.5B | ||
| Q1 25 | $-981.0M | $9.6B | ||
| Q4 24 | $-971.0M | $9.7B | ||
| Q3 24 | $397.0M | $9.9B | ||
| Q2 24 | $328.0M | $10.0B | ||
| Q1 24 | $255.0M | $10.1B |
总资产QVCGAWY
| Q4 25 | $7.6B | $16.6B | ||
| Q3 25 | $7.6B | $16.7B | ||
| Q2 25 | $6.7B | $16.5B | ||
| Q1 25 | $9.0B | $16.5B | ||
| Q4 24 | $9.2B | $16.5B | ||
| Q3 24 | $10.8B | $16.7B | ||
| Q2 24 | $10.9B | $16.8B | ||
| Q1 24 | $11.0B | $16.8B |
负债/权益比QVCGAWY
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $191.0M | $-128.0M |
| 自由现金流率自由现金流/营收 | 7.1% | -8.3% |
| 资本支出强度资本支出/营收 | 2.0% | 0.9% |
| 现金转化率经营现金流/净利润 | — | -1.54× |
| 过去12个月自由现金流最近4个季度 | $118.0M | $511.0M |
8季度趋势，按日历期对齐
经营现金流QVCGAWY
| Q4 25 | $244.0M | $-114.0M | ||
| Q3 25 | $4.0M | $210.0M | ||
| Q2 25 | $86.0M | $396.0M | ||
| Q1 25 | $-60.0M | $70.0M | ||
| Q4 24 | $212.0M | $218.0M | ||
| Q3 24 | $20.0M | $234.0M | ||
| Q2 24 | $267.0M | $432.0M | ||
| Q1 24 | $26.0M | $124.0M |
自由现金流QVCGAWY
| Q4 25 | $191.0M | $-128.0M | ||
| Q3 25 | $-27.0M | $203.0M | ||
| Q2 25 | $48.0M | $388.0M | ||
| Q1 25 | $-94.0M | $48.0M | ||
| Q4 24 | $150.0M | $205.0M | ||
| Q3 24 | $-23.0M | $226.0M | ||
| Q2 24 | $213.0M | $423.0M | ||
| Q1 24 | $-14.0M | $102.0M |
自由现金流率QVCGAWY
| Q4 25 | 7.1% | -8.3% | ||
| Q3 25 | -1.2% | 11.8% | ||
| Q2 25 | 2.1% | 20.6% | ||
| Q1 25 | -4.5% | 2.7% | ||
| Q4 24 | 5.1% | 12.0% | ||
| Q3 24 | -1.0% | 13.4% | ||
| Q2 24 | 8.8% | 21.8% | ||
| Q1 24 | -0.6% | 5.7% |
资本支出强度QVCGAWY
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.7% | 0.4% | ||
| Q1 25 | 1.6% | 1.2% | ||
| Q4 24 | 2.1% | 0.8% | ||
| Q3 24 | 1.8% | 0.5% | ||
| Q2 24 | 2.2% | 0.5% | ||
| Q1 24 | 1.7% | 1.2% |
现金转化率QVCGAWY
| Q4 25 | — | -1.54× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 4.55× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 2.69× | ||
| Q3 24 | — | 8.36× | ||
| Q2 24 | 13.35× | 2.50× | ||
| Q1 24 | — | 1.09× |
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% |
WY
暂无分部数据
