vs
QVC Group, Inc.（QVCGA）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是赛莱默的1.3倍（$2.7B vs $2.1B），赛莱默净利率更高（8.9% vs -1.4%，领先10.3%），赛莱默同比增速更快（2.7% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% vs -1.0%）
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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
QVCGA vs XYL — 直观对比
营收规模更大
QVCGA
是对方的1.3倍
$2.1B
营收增速更快
XYL
高出11.8%
-9.1%
净利率更高
XYL
高出10.3%
-1.4%
两年增速更快
QVCGA
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.1B |
| 净利润 | $-37.0M | $189.0M |
| 毛利率 | 32.9% | 37.8% |
| 营业利润率 | 3.7% | 11.5% |
| 净利率 | -1.4% | 8.9% |
| 营收同比 | -9.1% | 2.7% |
| 净利润同比 | 97.1% | 13.2% |
| 每股收益（稀释后） | $-17.37 | $0.79 |
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QVCGAXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.4B | $2.2B |
净利润QVCGAXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $-37.0M | $335.0M | ||
| Q3 25 | $-80.0M | $227.0M | ||
| Q2 25 | $-2.2B | $226.0M | ||
| Q1 25 | $-100.0M | $169.0M | ||
| Q4 24 | $-1.3B | $326.0M | ||
| Q3 24 | $-23.0M | $217.0M | ||
| Q2 24 | $20.0M | $194.0M |
毛利率QVCGAXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | 32.9% | 38.9% | ||
| Q3 25 | 34.0% | 38.9% | ||
| Q2 25 | 36.4% | 38.8% | ||
| Q1 25 | 34.2% | 37.1% | ||
| Q4 24 | 33.3% | 38.0% | ||
| Q3 24 | 35.3% | 37.3% | ||
| Q2 24 | 36.4% | 37.8% |
营业利润率QVCGAXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 3.7% | 14.7% | ||
| Q3 25 | 2.7% | 14.7% | ||
| Q2 25 | -101.6% | 13.3% | ||
| Q1 25 | 0.7% | 11.2% | ||
| Q4 24 | -43.2% | 11.8% | ||
| Q3 24 | 6.5% | 13.3% | ||
| Q2 24 | 6.9% | 11.7% |
净利率QVCGAXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | -1.4% | 14.0% | ||
| Q3 25 | -3.6% | 10.0% | ||
| Q2 25 | -99.4% | 9.8% | ||
| Q1 25 | -4.8% | 8.2% | ||
| Q4 24 | -43.7% | 14.5% | ||
| Q3 24 | -1.0% | 10.3% | ||
| Q2 24 | 0.8% | 8.9% |
每股收益（稀释后）QVCGAXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $-17.37 | $1.37 | ||
| Q3 25 | $-9.89 | $0.93 | ||
| Q2 25 | $-275.46 | $0.93 | ||
| Q1 25 | $-0.25 | $0.69 | ||
| Q4 24 | — | $1.33 | ||
| Q3 24 | $-0.06 | $0.89 | ||
| Q2 24 | $2.57 | $0.80 |
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 | $808.0M |
| 总债务越低越好 | $790.0M | $1.9B |
| 股东权益账面价值 | $-3.1B | $11.0B |
| 总资产 | $7.6B | $17.0B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资QVCGAXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $897.0M | $1.2B | ||
| Q1 25 | $833.0M | $1.1B | ||
| Q4 24 | $905.0M | $1.1B | ||
| Q3 24 | $873.0M | $989.0M | ||
| Q2 24 | $1.2B | $815.0M |
总债务QVCGAXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $790.0M | $2.0B | ||
| Q3 25 | $5.9B | $2.0B | ||
| Q2 25 | $4.9B | $2.0B | ||
| Q1 25 | $5.0B | $2.0B | ||
| Q4 24 | $4.1B | $2.0B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — |
股东权益QVCGAXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $-3.1B | $11.5B | ||
| Q3 25 | $-3.1B | $11.2B | ||
| Q2 25 | $-3.0B | $11.1B | ||
| Q1 25 | $-981.0M | $10.8B | ||
| Q4 24 | $-971.0M | $10.6B | ||
| Q3 24 | $397.0M | $10.6B | ||
| Q2 24 | $328.0M | $10.3B |
总资产QVCGAXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $7.6B | $17.6B | ||
| Q3 25 | $7.6B | $17.3B | ||
| Q2 25 | $6.7B | $17.2B | ||
| Q1 25 | $9.0B | $16.6B | ||
| Q4 24 | $9.2B | $16.5B | ||
| Q3 24 | $10.8B | $16.0B | ||
| Q2 24 | $10.9B | $15.8B |
负债/权益比QVCGAXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | 12.74× | — | ||
| Q2 24 | 16.28× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $191.0M | — |
| 自由现金流率自由现金流/营收 | 7.1% | — |
| 资本支出强度资本支出/营收 | 2.0% | 4.2% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流QVCGAXYL
| Q1 26 | — | — | ||
| Q4 25 | $244.0M | $543.0M | ||
| Q3 25 | $4.0M | $360.0M | ||
| Q2 25 | $86.0M | $305.0M | ||
| Q1 25 | $-60.0M | $33.0M | ||
| Q4 24 | $212.0M | $575.0M | ||
| Q3 24 | $20.0M | $311.0M | ||
| Q2 24 | $267.0M | $288.0M |
自由现金流QVCGAXYL
| Q1 26 | — | — | ||
| Q4 25 | $191.0M | $460.0M | ||
| Q3 25 | $-27.0M | $281.0M | ||
| Q2 25 | $48.0M | $207.0M | ||
| Q1 25 | $-94.0M | $-38.0M | ||
| Q4 24 | $150.0M | $475.0M | ||
| Q3 24 | $-23.0M | $237.0M | ||
| Q2 24 | $213.0M | $215.0M |
自由现金流率QVCGAXYL
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 19.2% | ||
| Q3 25 | -1.2% | 12.4% | ||
| Q2 25 | 2.1% | 9.0% | ||
| Q1 25 | -4.5% | -1.8% | ||
| Q4 24 | 5.1% | 21.1% | ||
| Q3 24 | -1.0% | 11.3% | ||
| Q2 24 | 8.8% | 9.9% |
资本支出强度QVCGAXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 2.0% | 3.5% | ||
| Q3 25 | 1.4% | 3.5% | ||
| Q2 25 | 1.7% | 4.3% | ||
| Q1 25 | 1.6% | 3.4% | ||
| Q4 24 | 2.1% | 4.4% | ||
| Q3 24 | 1.8% | 3.5% | ||
| Q2 24 | 2.2% | 3.4% |
现金转化率QVCGAXYL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | 13.35× | 1.48× |
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% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
