Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE -27.7%. (2013–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | — | — | — | — | — | — | — | — | — | — | — |
| Enterprise Value | — | — | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | — | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.3% | 92.3% | 33.6% | 30.8% | 35.1% | 35.3% | 34.9% | 35.8% | 36.2% | 36.2% | 36.8% |
| Operating Margin | -8.6% | -8.6% | 6.8% | -14.1% | 13.3% | 13.7% | 13.4% | 14.2% | 15.4% | 13.9% | 14.6% |
| Net Profit Margin | -11.9% | -11.9% | 1.7% | -18.9% | 6.9% | 7.4% | 7.0% | 7.8% | 10.3% | 7.0% | 7.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -27.7% | -27.7% | 3.6% | -30.4% | 9.9% | 11.3% | 11.3% | 14.0% | 18.6% | 15.1% | 13.7% |
| ROA | -9.9% | -9.9% | 1.3% | -13.1% | 4.8% | 5.4% | 5.2% | 6.0% | 7.0% | 5.1% | 5.2% |
| ROIC | -7.1% | -7.1% | 5.2% | -9.5% | 9.0% | 9.7% | 9.6% | 10.6% | 10.1% | 10.0% | 10.4% |
| ROCE | -9.0% | -9.0% | 6.5% | -11.6% | 11.0% | 11.8% | 11.6% | 13.0% | 12.1% | 11.7% | 12.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.31 | 1.31 | 1.12 | 1.17 | 0.68 | 0.64 | 0.78 | 0.75 | 0.97 | 1.36 | 1.31 |
| Debt / EBITDA | — | — | 5.46 | — | 2.86 | 2.68 | 2.85 | 2.67 | 3.18 | 3.10 | 3.05 |
| Net Debt / Equity | — | 1.22 | 1.05 | 1.08 | 0.61 | 0.55 | 0.70 | 0.67 | 0.93 | 1.28 | 1.23 |
| Net Debt / EBITDA | — | — | 5.12 | — | 2.56 | 2.30 | 2.55 | 2.39 | 3.03 | 2.93 | 2.86 |
| Debt / FCF | — | 11.33 | 4.98 | 25.67 | 4.89 | 2.21 | 4.59 | 4.93 | 5.11 | 5.01 | 6.23 |
| Interest Coverage | -3.07 | -3.07 | 2.82 | -6.14 | 6.25 | 6.10 | 6.15 | 6.54 | 6.30 | 5.78 | 6.13 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.12 | 1.12 | 1.17 | 1.44 | 1.50 | 1.30 | 1.91 | 1.56 | 1.60 | 1.74 | 1.74 |
| Quick Ratio | 1.12 | 1.12 | 0.79 | 0.93 | 0.95 | 0.91 | 1.30 | 1.04 | 1.00 | 1.09 | 1.14 |
| Cash Ratio | 0.13 | 0.13 | 0.14 | 0.18 | 0.21 | 0.24 | 0.28 | 0.22 | 0.14 | 0.19 | 0.21 |
| Asset Turnover | — | 0.91 | 0.81 | 0.80 | 0.70 | 0.69 | 0.74 | 0.76 | 0.61 | 0.75 | 0.73 |
| Inventory Turnover | 7.29 | — | 7.29 | 6.61 | 5.44 | 6.63 | 5.89 | 5.66 | 4.65 | 5.83 | 5.95 |
| Days Sales Outstanding | — | 42.64 | 46.08 | 44.93 | 45.71 | 47.92 | 56.81 | 54.68 | 66.58 | 49.52 | 54.40 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 274.8% | — | 122.4% | 140.3% | 114.6% | 41.6% | 96.1% | 116.4% | 236.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | — | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | — | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Linear television audience erosion
As reported in recent financial statements, QVCC's ROIC has exhibited extreme volatility, swinging from a negative 69.3% in 2025Q2 to a positive 7.6% in 2025Q3, which suggests that the company is struggling to maintain consistent value creation as its core broadcasting asset base continues to shrink.
The erratic nature of these returns indicates that the company's capital allocation is currently dominated by non-recurring charges and impairment cycles rather than operational compounding. Investors should monitor whether the recent uptick in ROIC represents a sustainable improvement in asset utilization or merely a temporary artifact of aggressive debt reduction and asset write-downs.
Based on the provided quarterly data, the company's Days Sales Outstanding (DSO) has remained stubbornly high, averaging approximately 153 days over the last ten quarters, which indicates significant friction in converting sales into cash compared to more agile, digital-first retail competitors in the broader broadcasting sector.
This prolonged collection cycle suggests that the company may be offering extended payment terms to maintain customer loyalty or that its internal fulfillment processes are creating bottlenecks. The lack of improvement in these efficiency metrics implies that the company's working capital management is not currently optimized to offset the ongoing revenue contraction.
According to recent SEC filings, the company's interest coverage ratio has fluctuated wildly, reaching a negative 36.06 in 2025Q2 before recovering to 1.38 in 2025Q3, which highlights the precarious nature of its debt service capacity in the face of declining operating income and shifting capital structures.
The extreme variance in coverage ratios suggests that the company's ability to meet its obligations is highly sensitive to quarterly operational performance rather than a stable, long-term cash flow profile. This volatility warrants further investigation into the specific terms of the senior secured debt and the potential for future covenant pressure if operating margins fail to stabilize.
As indicated by the latest quarterly balance sheet, the current ratio has improved to 2.54 in 2025Q3 from 1.11 in 2024Q3, yet this apparent liquidity strength appears to be driven more by the reduction of current liabilities than by a robust expansion of liquid assets.
While the headline liquidity ratios suggest a more comfortable position, the underlying trend of asset contraction implies that the company is shrinking its way to solvency. Investors should monitor whether this liquidity buffer is sufficient to sustain operations through the next cycle of debt maturities without further eroding the company's competitive market position.
The most commonly misapplied metric for this business model is the standard P/E ratio, which fails to account for the massive non-cash impairment charges and volatile depreciation schedules that frequently distort the company's reported net income and obscure its true underlying cash-generating capacity.
Analysts should instead focus on free cash flow yield or EV/EBITDA, as these metrics better capture the company's ability to service its debt and maintain its broadcasting infrastructure. Relying on earnings-based multiples in this context may lead to a fundamental misunderstanding of the company's solvency risk and its potential to function as a cash-generative entity despite declining top-line growth.
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying QVCC stock.
QVC, Inc. 6.250% Senior Secured's return on equity (ROE) is -27.7%. The historical average is 4.9%.
Based on historical data, QVC, Inc. 6.250% Senior Secured is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
QVC, Inc. 6.250% Senior Secured has 92.3% gross margin and -8.6% operating margin.