QVC Group Inc. (QVCGP) 10-Year Financial Performance & Capital Metrics

QVCGP • • Industrial / General

Consumer CyclicalSpecialty RetailE-commerce MarketplacesGeneral E-commerce Platforms

AboutQVC Group Inc. is a media and e-commerce company that owns and operates a portfolio of retail brands, including QVC, HSN, and Zulily. The company specializes in video commerce, leveraging television, digital streaming, and online platforms to engage consumers and drive sales. QVC Group Inc. focuses on interactive shopping experiences, offering a wide range of products across fashion, home, electronics, and beauty categories.Show more

Revenue $10.04B -8.0%
EBITDA -$426M -142.7%
Net Income -$1.29B -789.7%
EPS (Diluted) -162.88 -789.6%
Gross Margin 35% +3.7%
EBITDA Margin -4.24% -146.5%
Operating Margin -8.06% -249.1%
Net Margin -12.85% -867.5%
ROE -
ROIC -13.34% -272.5%
Debt/Equity -
Interest Coverage -1.73 -232.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak momentum: RS Rating 7 (bottom 7%)
✗Sales declining 5.7% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.01%

5Y-5.7%

3Y-10.59%

TTM-7.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1231.41%

EPS CAGR

10Y-

5Y-

3Y-

TTM-15860.34%

ROCE

10Y Avg3.92%

5Y Avg-0.38%

3Y Avg-7.72%

Latest-10.6%

Peer Comparison

General E-commerce Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SESea Limited	67.77B	124.00	169.86	28.75%	6.23%	12.35%	4.36%	0.49
AMZNAmazon.com, Inc.	2.55T	238.18	43.07	10.99%	11.06%	20.69%	1.29%	0.46
LQDTLiquidity Services, Inc.	975.26M	31.83	36.59	31.2%	5.89%	13.82%	6.05%	0.07
ETSYEtsy, Inc.	6.28B	63.63	27.08	2.18%	6.38%		11.75%
CARTInstacart (Maplebear Inc.)	10.45B	39.81	25.20	11.05%	14.15%	14.86%	5.96%	0.01
EBAYeBay Inc.	43.42B	96.07	24.38	1.69%	20.37%	46.24%	4.5%	1.52
PDDPDD Holdings Inc.	152.56B	107.46	1.41	59.04%	24.43%	26.13%	79.29%	0.03
VIPSVipshop Holdings Limited	7.56B	18.22	1.27	-3.93%	6.53%	16.84%	73.58%	0.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.17B	10.65B	10.4B	14.07B	13.46B	14.18B	14.04B	12.11B	10.91B	10.04B
Revenue Growth %	-0.09%	0.16%	-0.02%	0.35%	-0.04%	0.05%	-0.01%	-0.14%	-0.1%	-0.08%
Cost of Goods Sold+	5.85B	6.91B	6.79B	10.82B	10.35B	9.29B	9.23B	8.42B	8.43B	6.52B
COGS % of Revenue	0.64%	0.65%	0.65%	0.77%	0.77%	0.66%	0.66%	0.7%	0.77%	0.65%
Gross Profit+	3.32B	3.74B	3.62B	3.25B	4.56B	4.89B	4.81B	3.69B	3.69B	3.51B
Gross Margin %	0.36%	0.35%	0.35%	0.23%	0.34%	0.34%	0.34%	0.3%	0.34%	0.35%
Gross Profit Growth %	-0.09%	0.13%	-0.03%	-0.1%	0.4%	0.07%	-0.01%	-0.23%	-0%	-0.05%
Operating Expenses+	2.15B	2.77B	2.57B	1.9B	1.76B	3.31B	3.73B	1.95B	1.87B	4.32B
OpEx % of Revenue	0.23%	0.26%	0.25%	0.13%	0.13%	0.23%	0.27%	0.16%	0.17%	0.43%
Selling, General & Admin	875M	1.19B	1.19B	1.9B	1.76B	1.89B	1.93B	1.95B	1.87B	1.71B
SG&A % of Revenue	0.1%	0.11%	0.11%	0.13%	0.13%	0.13%	0.14%	0.16%	0.17%	0.17%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.28B	1.58B	1.38B	0	2.62B	1.43B	1.8B	3.79B	0	2.61B
Operating Income+	1.17B	968M	1.04B	1.32B	1.35B	1.57B	1.09B	-2.04B	590M	-809M
Operating Margin %	0.13%	0.09%	0.1%	0.09%	0.1%	0.11%	0.08%	-0.17%	0.05%	-0.08%
Operating Income Growth %	-0.03%	-0.17%	0.08%	0.27%	0.02%	0.16%	-0.31%	-2.88%	1.29%	-2.37%
EBITDA+	1.87B	1.84B	1.77B	1.96B	1.96B	2.13B	1.62B	-1.56B	997M	-426M
EBITDA Margin %	0.2%	0.17%	0.17%	0.14%	0.15%	0.15%	0.12%	-0.13%	0.09%	-0.04%
EBITDA Growth %	0.01%	-0.02%	-0.04%	0.11%	-0%	0.09%	-0.24%	-1.96%	1.64%	-1.43%
D&A (Non-Cash Add-back)	703M	874M	725M	637M	606M	562M	537M	481M	407M	383M
EBIT	1.26B	1.45B	1.41B	1.26B	-248M	1.46B	1.11B	-1.85B	517M	-823M
Net Interest Income+	-283M	-363M	-355M	-381M	-374M	-408M	-468M	-456M	-451M	-418M
Interest Income	0	0	0	0	0	0	0	0	0	50M
Interest Expense	283M	363M	355M	381M	374M	408M	468M	456M	451M	468M
Other Income/Expense	-192M	123M	7M	-441M	-1.97B	-521M	-449M	-267M	-524M	-482M
Pretax Income+	978M	1.09B	1.05B	883M	-622M	1.05B	638M	-2.31B	66M	-1.29B
Pretax Margin %	0.11%	0.1%	0.1%	0.06%	-0.05%	0.07%	0.05%	-0.19%	0.01%	-0.13%
Income Tax+	304M	316M	-985M	60M	-217M	-203M	217M	224M	160M	-41M
Effective Tax Rate %	0.65%	1.13%	2.32%	1.04%	0.73%	1.14%	0.53%	1.12%	-2.2%	1%
Net Income+	640M	1.24B	2.44B	916M	-456M	1.2B	340M	-2.59B	-145M	-1.29B
Net Margin %	0.07%	0.12%	0.23%	0.07%	-0.03%	0.08%	0.02%	-0.21%	-0.01%	-0.13%
Net Income Growth %	0.23%	0.93%	0.98%	-0.62%	-1.5%	3.62%	-0.72%	-8.63%	0.94%	-7.9%
Net Income (Continuing)	674M	775M	2.04B	823M	-405M	1.25B	421M	-2.53B	-94M	-1.25B
Discontinued Operations	0	499M	452M	141M	0	0	0	0	0	0
Minority Interest	88M	99M	99M	120M	132M	135M	136M	113M	104M	86M
EPS (Diluted)+	0.00	0.00	0.00	0.00	0.00	151.01	42.93	-327.53	-18.31	-162.88
EPS Growth %	-	-	-	-	-	-	-0.72%	-8.63%	0.94%	-7.9%
EPS (Basic)	0.00	0.00	0.00	0.00	0.00	151.01	42.93	-327.53	-18.31	-162.88
Diluted Shares Outstanding	0	0	0	0	0	7.92M	7.92M	7.92M	7.92M	7.92M
Basic Shares Outstanding	0	0	0	0	0	7.92M	7.92M	7.92M	7.92M	7.92M
Dividend Payout Ratio	-	-	-	-	-	1.05%	1.48%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.83B	2.64B	4.17B	4.19B	4.58B	4.57B	4.45B	4.28B	3.68B	3.3B
Cash & Short-Term Investments	438M	338M	903M	653M	673M	806M	587M	1.27B	1.12B	905M
Cash Only	426M	338M	903M	653M	673M	806M	587M	1.27B	1.12B	905M
Short-Term Investments	12M	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.38B	1.27B	1.73B	1.83B	2.06B	1.99B	2B	1.44B	1.31B	1.14B
Days Sales Outstanding	54.9	43.54	60.55	47.6	55.76	51.11	52.06	43.54	43.74	41.57
Inventory	945M	968M	1.41B	1.47B	1.41B	1.3B	1.62B	1.35B	1.04B	1.06B
Days Inventory Outstanding	58.99	51.15	75.86	49.74	49.84	51.11	64.17	58.37	45.19	59.36
Other Current Assets	65M	66M	125M	224M	434M	473M	235M	210M	209M	190M
Total Non-Current Assets+	12.31B	11.71B	19.96B	13.65B	12.73B	12.43B	11.75B	8.3B	7.69B	5.94B
Property, Plant & Equipment	1.14B	1.13B	1.34B	1.32B	1.35B	1.3B	1.38B	1.16B	1.15B	1.1B
Fixed Asset Turnover	8.04x	9.41x	7.76x	10.64x	9.96x	10.91x	10.17x	10.48x	9.52x	9.11x
Goodwill	6.11B	0	7.08B	7.02B	6.58B	6.64B	6.34B	3.5B	3.16B	2.22B
Intangible Assets	4.68B	10.33B	5.18B	4.95B	4.12B	3.95B	3.78B	3.33B	3.22B	2.52B
Long-Term Investments	212M	228M	2.36B	96M	76M	0	0	0	0	0
Other Non-Current Assets	33M	30M	3.99B	267M	603M	549M	251M	310M	151M	103M
Total Assets+	15.14B	14.36B	24.12B	17.84B	17.3B	17B	16.2B	12.57B	11.37B	9.24B
Asset Turnover	0.61x	0.74x	0.43x	0.79x	0.78x	0.83x	0.87x	0.96x	0.96x	1.09x
Asset Growth %	0.19%	-0.05%	0.68%	-0.26%	-0.03%	-0.02%	-0.05%	-0.22%	-0.1%	-0.19%
Total Current Liabilities+	2.1B	1.76B	3.44B	3.95B	4B	4.7B	4.22B	3.1B	2.62B	2.72B
Accounts Payable	736M	789M	1.15B	1.2B	1.09B	1.3B	1.43B	976M	895M	776M
Days Payables Outstanding	45.94	41.69	61.88	40.63	38.48	51.27	56.5	42.32	38.74	43.42
Short-Term Debt	358M	14M	996M	1.41B	1.56B	1.75B	1.31B	828M	642M	867M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	219M	160M	169M	155M	180M	231M	244M	162M	97M	128M
Current Ratio	1.34x	1.50x	1.21x	1.06x	1.14x	0.97x	1.05x	1.38x	1.41x	1.21x
Quick Ratio	0.89x	0.95x	0.80x	0.69x	0.79x	0.69x	0.67x	0.95x	1.01x	0.82x
Cash Conversion Cycle	67.94	53	74.53	56.71	67.12	50.95	59.73	59.58	50.19	57.51
Total Non-Current Liabilities+	7.75B	7.64B	10.6B	8.15B	8.33B	8.56B	8.99B	8.95B	8.26B	7.4B
Long-Term Debt	6.18B	6.36B	7.55B	5.96B	5.86B	5.19B	5.67B	5.53B	4.7B	4.1B
Capital Lease Obligations	0	0	0	0	0	0	303M	518M	615M	598M
Deferred Tax Liabilities	1.36B	1.12B	2.5B	1.93B	1.72B	1.36B	1.35B	1.44B	1.53B	1.31B
Other Non-Current Liabilities	209M	161M	545M	258M	761M	2.02B	1.67B	1.46B	1.42B	1.39B
Total Liabilities	9.85B	9.4B	14.04B	12.1B	12.33B	13.27B	13.22B	12.05B	10.88B	10.13B
Total Debt+	6.54B	6.38B	8.55B	7.37B	7.41B	6.94B	7.29B	6.87B	5.96B	5.57B
Net Debt	6.11B	6.04B	7.65B	6.72B	6.74B	6.13B	6.71B	5.6B	4.83B	4.66B
Debt / Equity	1.23x	1.29x	0.85x	1.28x	1.49x	1.86x	2.44x	13.09x	12.18x	-
Debt / EBITDA	3.49x	3.46x	4.84x	3.76x	3.79x	3.25x	4.49x	-	5.97x	-
Net Debt / EBITDA	3.26x	3.28x	4.32x	3.43x	3.44x	2.87x	4.13x	-	4.85x	-
Interest Coverage	4.13x	2.67x	2.94x	3.48x	3.61x	3.85x	2.32x	-4.48x	1.31x	-1.73x
Total Equity+	5.29B	4.96B	10.08B	5.74B	4.97B	3.73B	2.99B	525M	489M	-885M
Equity Growth %	0.21%	-0.06%	1.03%	-0.43%	-0.13%	-0.25%	-0.2%	-0.82%	-0.07%	-2.81%
Book Value per Share	-	-	-	-	-	471.34	377.02	66.29	61.74	-111.74
Total Shareholders' Equity	5.2B	4.86B	9.98B	5.62B	4.84B	3.6B	2.85B	412M	385M	-971M
Common Stock	6M	0	5M	4M	4M	4M	4M	4M	4M	4M
Retained Earnings	6.63B	0	9.07B	5.67B	4.89B	3.52B	2.92B	337M	196M	-1.09B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-215M	0	-133M	-55M	-55M	72M	-79M	18M	86M	-15M
Minority Interest	88M	99M	99M	120M	132M	135M	136M	113M	104M	86M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1B	1.44B	1.49B	1.27B	1.28B	2.46B	1.23B	194M	919M	525M
Operating CF Margin %	0.11%	0.14%	0.14%	0.09%	0.1%	0.17%	0.09%	0.02%	0.08%	0.05%
Operating CF Growth %	-0.18%	0.44%	0.03%	-0.15%	0.01%	0.91%	-0.5%	-0.84%	3.74%	-0.43%
Net Income	674M	775M	2.04B	823M	-405M	1.25B	421M	-2.53B	-94M	-1.25B
Depreciation & Amortization	657M	874M	725M	637M	606M	562M	537M	481M	407M	383M
Stock-Based Compensation	60M	97M	123M	88M	71M	64M	72M	60M	53M	32M
Deferred Taxes	-122M	191M	-1.16B	-185M	-243M	-348M	-4M	12M	80M	-211M
Other Non-Cash Items	-22M	-513M	-316M	151M	1.59B	97M	481M	2.44B	363M	1.54B
Working Capital Changes	-242M	19M	80M	-241M	-337M	826M	-282M	-269M	110M	31M
Change in Receivables	0	0	0	-75M	-18M	232M	27M	124M	36M	144M
Change in Inventory	0	0	0	-106M	62M	133M	-440M	254M	257M	-28M
Change in Payables	3M	-117M	225M	56M	-122M	185M	147M	-446M	-34M	-104M
Cash from Investing+	-909M	908M	-391M	47M	-600M	-161M	-501M	601M	-54M	-225M
Capital Expenditures	-258M	-233M	-204M	-275M	-325M	-313M	-431M	-313M	-343M	-236M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-76M	-36M	106M	-140M	7M	119M	51M	901M	271M	-2M
Cash from Financing+	-89M	-1.57B	-1.04B	-1.57B	-661M	-2.18B	-914M	-72M	-1.01B	-498M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-1.25B	-503M	-12M	-8M	-4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-29M	-1M	-109M	-412M	-156M	-81M	-489M	-81M	-11M	-54M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	787M	1.21B	1.24B	858M	825M	2.14B	794M	-119M	576M	289M
FCF Margin %	0.09%	0.11%	0.12%	0.06%	0.06%	0.15%	0.06%	-0.01%	0.05%	0.03%
FCF Growth %	-0.21%	0.54%	0.02%	-0.31%	-0.04%	1.6%	-0.63%	-1.15%	5.84%	-0.5%
FCF per Share	-	-	-	-	-	270.45	100.25	-15.03	72.73	36.49
FCF Conversion (FCF/Net Income)	1.57x	1.17x	0.61x	1.39x	-2.82x	2.05x	3.60x	-0.07x	-6.34x	-0.41x
Interest Paid	0	0	0	0	0	0	0	447M	471M	458M
Taxes Paid	0	0	0	0	0	0	0	284M	107M	153M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.23%	24.09%	32.46%	11.58%	-8.51%	27.48%	10.12%	-147.76%	-28.6%	-
Return on Invested Capital (ROIC)	8.29%	6.48%	5.45%	6.58%	8.39%	10.93%	8.34%	-19.36%	7.73%	-13.34%
Gross Margin	36.23%	35.12%	34.75%	23.13%	33.88%	34.46%	34.27%	30.47%	33.76%	35%
Net Margin	6.98%	11.6%	23.46%	6.51%	-3.39%	8.44%	2.42%	-21.43%	-1.33%	-12.85%
Debt / Equity	1.23x	1.29x	0.85x	1.28x	1.49x	1.86x	2.44x	13.09x	12.18x	-
Interest Coverage	4.13x	2.67x	2.94x	3.48x	3.61x	3.85x	2.32x	-4.48x	1.31x	-1.73x
FCF Conversion	1.57x	1.17x	0.61x	1.39x	-2.82x	2.05x	3.60x	-0.07x	-6.34x	-0.41x
Revenue Growth	-8.57%	16.12%	-2.28%	35.24%	-4.35%	5.34%	-0.94%	-13.8%	-9.84%	-8.04%

Frequently Asked Questions

Growth & Financials

QVC Group Inc. (QVCGP) reported $9.50B in revenue for fiscal year 2024. This represents a 1% decrease from $9.62B in 2011.

QVC Group Inc. (QVCGP) saw revenue decline by 8.0% over the past year.

QVC Group Inc. (QVCGP) reported a net loss of $3.69B for fiscal year 2024.

Dividend & Returns

Yes, QVC Group Inc. (QVCGP) pays a dividend with a yield of 12.53%. This makes it attractive for income-focused investors.

QVC Group Inc. (QVCGP) had negative free cash flow of $25.0M in fiscal year 2024, likely due to heavy capital investments.

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QVC Group Inc. (QVCGP) 10-Year Financial Performance & Capital Metrics

QVCGP • • Industrial / General

Consumer CyclicalSpecialty RetailE-commerce MarketplacesGeneral E-commerce Platforms

Revenue $10.04B -8.0%
EBITDA -$426M -142.7%
Net Income -$1.29B -789.7%
EPS (Diluted) -162.88 -789.6%
Gross Margin 35% +3.7%
EBITDA Margin -4.24% -146.5%
Operating Margin -8.06% -249.1%
Net Margin -12.85% -867.5%
ROE -
ROIC -13.34% -272.5%
Debt/Equity -
Interest Coverage -1.73 -232.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak momentum: RS Rating 7 (bottom 7%)
✗Sales declining 5.7% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.01%

5Y-5.7%

3Y-10.59%

TTM-7.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1231.41%

EPS CAGR

10Y-

5Y-

3Y-

TTM-15860.34%

ROCE

10Y Avg3.92%

5Y Avg-0.38%

3Y Avg-7.72%

Latest-10.6%

Peer Comparison

General E-commerce Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SESea Limited	67.77B	124.00	169.86	28.75%	6.23%	12.35%	4.36%	0.49
AMZNAmazon.com, Inc.	2.55T	238.18	43.07	10.99%	11.06%	20.69%	1.29%	0.46
LQDTLiquidity Services, Inc.	975.26M	31.83	36.59	31.2%	5.89%	13.82%	6.05%	0.07
ETSYEtsy, Inc.	6.28B	63.63	27.08	2.18%	6.38%		11.75%
CARTInstacart (Maplebear Inc.)	10.45B	39.81	25.20	11.05%	14.15%	14.86%	5.96%	0.01
EBAYeBay Inc.	43.42B	96.07	24.38	1.69%	20.37%	46.24%	4.5%	1.52
PDDPDD Holdings Inc.	152.56B	107.46	1.41	59.04%	24.43%	26.13%	79.29%	0.03
VIPSVipshop Holdings Limited	7.56B	18.22	1.27	-3.93%	6.53%	16.84%	73.58%	0.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.17B	10.65B	10.4B	14.07B	13.46B	14.18B	14.04B	12.11B	10.91B	10.04B
Revenue Growth %	-0.09%	0.16%	-0.02%	0.35%	-0.04%	0.05%	-0.01%	-0.14%	-0.1%	-0.08%
Cost of Goods Sold+	5.85B	6.91B	6.79B	10.82B	10.35B	9.29B	9.23B	8.42B	8.43B	6.52B
COGS % of Revenue	0.64%	0.65%	0.65%	0.77%	0.77%	0.66%	0.66%	0.7%	0.77%	0.65%
Gross Profit+	3.32B	3.74B	3.62B	3.25B	4.56B	4.89B	4.81B	3.69B	3.69B	3.51B
Gross Margin %	0.36%	0.35%	0.35%	0.23%	0.34%	0.34%	0.34%	0.3%	0.34%	0.35%
Gross Profit Growth %	-0.09%	0.13%	-0.03%	-0.1%	0.4%	0.07%	-0.01%	-0.23%	-0%	-0.05%
Operating Expenses+	2.15B	2.77B	2.57B	1.9B	1.76B	3.31B	3.73B	1.95B	1.87B	4.32B
OpEx % of Revenue	0.23%	0.26%	0.25%	0.13%	0.13%	0.23%	0.27%	0.16%	0.17%	0.43%
Selling, General & Admin	875M	1.19B	1.19B	1.9B	1.76B	1.89B	1.93B	1.95B	1.87B	1.71B
SG&A % of Revenue	0.1%	0.11%	0.11%	0.13%	0.13%	0.13%	0.14%	0.16%	0.17%	0.17%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.28B	1.58B	1.38B	0	2.62B	1.43B	1.8B	3.79B	0	2.61B
Operating Income+	1.17B	968M	1.04B	1.32B	1.35B	1.57B	1.09B	-2.04B	590M	-809M
Operating Margin %	0.13%	0.09%	0.1%	0.09%	0.1%	0.11%	0.08%	-0.17%	0.05%	-0.08%
Operating Income Growth %	-0.03%	-0.17%	0.08%	0.27%	0.02%	0.16%	-0.31%	-2.88%	1.29%	-2.37%
EBITDA+	1.87B	1.84B	1.77B	1.96B	1.96B	2.13B	1.62B	-1.56B	997M	-426M
EBITDA Margin %	0.2%	0.17%	0.17%	0.14%	0.15%	0.15%	0.12%	-0.13%	0.09%	-0.04%
EBITDA Growth %	0.01%	-0.02%	-0.04%	0.11%	-0%	0.09%	-0.24%	-1.96%	1.64%	-1.43%
D&A (Non-Cash Add-back)	703M	874M	725M	637M	606M	562M	537M	481M	407M	383M
EBIT	1.26B	1.45B	1.41B	1.26B	-248M	1.46B	1.11B	-1.85B	517M	-823M
Net Interest Income+	-283M	-363M	-355M	-381M	-374M	-408M	-468M	-456M	-451M	-418M
Interest Income	0	0	0	0	0	0	0	0	0	50M
Interest Expense	283M	363M	355M	381M	374M	408M	468M	456M	451M	468M
Other Income/Expense	-192M	123M	7M	-441M	-1.97B	-521M	-449M	-267M	-524M	-482M
Pretax Income+	978M	1.09B	1.05B	883M	-622M	1.05B	638M	-2.31B	66M	-1.29B
Pretax Margin %	0.11%	0.1%	0.1%	0.06%	-0.05%	0.07%	0.05%	-0.19%	0.01%	-0.13%
Income Tax+	304M	316M	-985M	60M	-217M	-203M	217M	224M	160M	-41M
Effective Tax Rate %	0.65%	1.13%	2.32%	1.04%	0.73%	1.14%	0.53%	1.12%	-2.2%	1%
Net Income+	640M	1.24B	2.44B	916M	-456M	1.2B	340M	-2.59B	-145M	-1.29B
Net Margin %	0.07%	0.12%	0.23%	0.07%	-0.03%	0.08%	0.02%	-0.21%	-0.01%	-0.13%
Net Income Growth %	0.23%	0.93%	0.98%	-0.62%	-1.5%	3.62%	-0.72%	-8.63%	0.94%	-7.9%
Net Income (Continuing)	674M	775M	2.04B	823M	-405M	1.25B	421M	-2.53B	-94M	-1.25B
Discontinued Operations	0	499M	452M	141M	0	0	0	0	0	0
Minority Interest	88M	99M	99M	120M	132M	135M	136M	113M	104M	86M
EPS (Diluted)+	0.00	0.00	0.00	0.00	0.00	151.01	42.93	-327.53	-18.31	-162.88
EPS Growth %	-	-	-	-	-	-	-0.72%	-8.63%	0.94%	-7.9%
EPS (Basic)	0.00	0.00	0.00	0.00	0.00	151.01	42.93	-327.53	-18.31	-162.88
Diluted Shares Outstanding	0	0	0	0	0	7.92M	7.92M	7.92M	7.92M	7.92M
Basic Shares Outstanding	0	0	0	0	0	7.92M	7.92M	7.92M	7.92M	7.92M
Dividend Payout Ratio	-	-	-	-	-	1.05%	1.48%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.83B	2.64B	4.17B	4.19B	4.58B	4.57B	4.45B	4.28B	3.68B	3.3B
Cash & Short-Term Investments	438M	338M	903M	653M	673M	806M	587M	1.27B	1.12B	905M
Cash Only	426M	338M	903M	653M	673M	806M	587M	1.27B	1.12B	905M
Short-Term Investments	12M	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.38B	1.27B	1.73B	1.83B	2.06B	1.99B	2B	1.44B	1.31B	1.14B
Days Sales Outstanding	54.9	43.54	60.55	47.6	55.76	51.11	52.06	43.54	43.74	41.57
Inventory	945M	968M	1.41B	1.47B	1.41B	1.3B	1.62B	1.35B	1.04B	1.06B
Days Inventory Outstanding	58.99	51.15	75.86	49.74	49.84	51.11	64.17	58.37	45.19	59.36
Other Current Assets	65M	66M	125M	224M	434M	473M	235M	210M	209M	190M
Total Non-Current Assets+	12.31B	11.71B	19.96B	13.65B	12.73B	12.43B	11.75B	8.3B	7.69B	5.94B
Property, Plant & Equipment	1.14B	1.13B	1.34B	1.32B	1.35B	1.3B	1.38B	1.16B	1.15B	1.1B
Fixed Asset Turnover	8.04x	9.41x	7.76x	10.64x	9.96x	10.91x	10.17x	10.48x	9.52x	9.11x
Goodwill	6.11B	0	7.08B	7.02B	6.58B	6.64B	6.34B	3.5B	3.16B	2.22B
Intangible Assets	4.68B	10.33B	5.18B	4.95B	4.12B	3.95B	3.78B	3.33B	3.22B	2.52B
Long-Term Investments	212M	228M	2.36B	96M	76M	0	0	0	0	0
Other Non-Current Assets	33M	30M	3.99B	267M	603M	549M	251M	310M	151M	103M
Total Assets+	15.14B	14.36B	24.12B	17.84B	17.3B	17B	16.2B	12.57B	11.37B	9.24B
Asset Turnover	0.61x	0.74x	0.43x	0.79x	0.78x	0.83x	0.87x	0.96x	0.96x	1.09x
Asset Growth %	0.19%	-0.05%	0.68%	-0.26%	-0.03%	-0.02%	-0.05%	-0.22%	-0.1%	-0.19%
Total Current Liabilities+	2.1B	1.76B	3.44B	3.95B	4B	4.7B	4.22B	3.1B	2.62B	2.72B
Accounts Payable	736M	789M	1.15B	1.2B	1.09B	1.3B	1.43B	976M	895M	776M
Days Payables Outstanding	45.94	41.69	61.88	40.63	38.48	51.27	56.5	42.32	38.74	43.42
Short-Term Debt	358M	14M	996M	1.41B	1.56B	1.75B	1.31B	828M	642M	867M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	219M	160M	169M	155M	180M	231M	244M	162M	97M	128M
Current Ratio	1.34x	1.50x	1.21x	1.06x	1.14x	0.97x	1.05x	1.38x	1.41x	1.21x
Quick Ratio	0.89x	0.95x	0.80x	0.69x	0.79x	0.69x	0.67x	0.95x	1.01x	0.82x
Cash Conversion Cycle	67.94	53	74.53	56.71	67.12	50.95	59.73	59.58	50.19	57.51
Total Non-Current Liabilities+	7.75B	7.64B	10.6B	8.15B	8.33B	8.56B	8.99B	8.95B	8.26B	7.4B
Long-Term Debt	6.18B	6.36B	7.55B	5.96B	5.86B	5.19B	5.67B	5.53B	4.7B	4.1B
Capital Lease Obligations	0	0	0	0	0	0	303M	518M	615M	598M
Deferred Tax Liabilities	1.36B	1.12B	2.5B	1.93B	1.72B	1.36B	1.35B	1.44B	1.53B	1.31B
Other Non-Current Liabilities	209M	161M	545M	258M	761M	2.02B	1.67B	1.46B	1.42B	1.39B
Total Liabilities	9.85B	9.4B	14.04B	12.1B	12.33B	13.27B	13.22B	12.05B	10.88B	10.13B
Total Debt+	6.54B	6.38B	8.55B	7.37B	7.41B	6.94B	7.29B	6.87B	5.96B	5.57B
Net Debt	6.11B	6.04B	7.65B	6.72B	6.74B	6.13B	6.71B	5.6B	4.83B	4.66B
Debt / Equity	1.23x	1.29x	0.85x	1.28x	1.49x	1.86x	2.44x	13.09x	12.18x	-
Debt / EBITDA	3.49x	3.46x	4.84x	3.76x	3.79x	3.25x	4.49x	-	5.97x	-
Net Debt / EBITDA	3.26x	3.28x	4.32x	3.43x	3.44x	2.87x	4.13x	-	4.85x	-
Interest Coverage	4.13x	2.67x	2.94x	3.48x	3.61x	3.85x	2.32x	-4.48x	1.31x	-1.73x
Total Equity+	5.29B	4.96B	10.08B	5.74B	4.97B	3.73B	2.99B	525M	489M	-885M
Equity Growth %	0.21%	-0.06%	1.03%	-0.43%	-0.13%	-0.25%	-0.2%	-0.82%	-0.07%	-2.81%
Book Value per Share	-	-	-	-	-	471.34	377.02	66.29	61.74	-111.74
Total Shareholders' Equity	5.2B	4.86B	9.98B	5.62B	4.84B	3.6B	2.85B	412M	385M	-971M
Common Stock	6M	0	5M	4M	4M	4M	4M	4M	4M	4M
Retained Earnings	6.63B	0	9.07B	5.67B	4.89B	3.52B	2.92B	337M	196M	-1.09B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-215M	0	-133M	-55M	-55M	72M	-79M	18M	86M	-15M
Minority Interest	88M	99M	99M	120M	132M	135M	136M	113M	104M	86M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1B	1.44B	1.49B	1.27B	1.28B	2.46B	1.23B	194M	919M	525M
Operating CF Margin %	0.11%	0.14%	0.14%	0.09%	0.1%	0.17%	0.09%	0.02%	0.08%	0.05%
Operating CF Growth %	-0.18%	0.44%	0.03%	-0.15%	0.01%	0.91%	-0.5%	-0.84%	3.74%	-0.43%
Net Income	674M	775M	2.04B	823M	-405M	1.25B	421M	-2.53B	-94M	-1.25B
Depreciation & Amortization	657M	874M	725M	637M	606M	562M	537M	481M	407M	383M
Stock-Based Compensation	60M	97M	123M	88M	71M	64M	72M	60M	53M	32M
Deferred Taxes	-122M	191M	-1.16B	-185M	-243M	-348M	-4M	12M	80M	-211M
Other Non-Cash Items	-22M	-513M	-316M	151M	1.59B	97M	481M	2.44B	363M	1.54B
Working Capital Changes	-242M	19M	80M	-241M	-337M	826M	-282M	-269M	110M	31M
Change in Receivables	0	0	0	-75M	-18M	232M	27M	124M	36M	144M
Change in Inventory	0	0	0	-106M	62M	133M	-440M	254M	257M	-28M
Change in Payables	3M	-117M	225M	56M	-122M	185M	147M	-446M	-34M	-104M
Cash from Investing+	-909M	908M	-391M	47M	-600M	-161M	-501M	601M	-54M	-225M
Capital Expenditures	-258M	-233M	-204M	-275M	-325M	-313M	-431M	-313M	-343M	-236M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-76M	-36M	106M	-140M	7M	119M	51M	901M	271M	-2M
Cash from Financing+	-89M	-1.57B	-1.04B	-1.57B	-661M	-2.18B	-914M	-72M	-1.01B	-498M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-1.25B	-503M	-12M	-8M	-4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-29M	-1M	-109M	-412M	-156M	-81M	-489M	-81M	-11M	-54M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	787M	1.21B	1.24B	858M	825M	2.14B	794M	-119M	576M	289M
FCF Margin %	0.09%	0.11%	0.12%	0.06%	0.06%	0.15%	0.06%	-0.01%	0.05%	0.03%
FCF Growth %	-0.21%	0.54%	0.02%	-0.31%	-0.04%	1.6%	-0.63%	-1.15%	5.84%	-0.5%
FCF per Share	-	-	-	-	-	270.45	100.25	-15.03	72.73	36.49
FCF Conversion (FCF/Net Income)	1.57x	1.17x	0.61x	1.39x	-2.82x	2.05x	3.60x	-0.07x	-6.34x	-0.41x
Interest Paid	0	0	0	0	0	0	0	447M	471M	458M
Taxes Paid	0	0	0	0	0	0	0	284M	107M	153M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.23%	24.09%	32.46%	11.58%	-8.51%	27.48%	10.12%	-147.76%	-28.6%	-
Return on Invested Capital (ROIC)	8.29%	6.48%	5.45%	6.58%	8.39%	10.93%	8.34%	-19.36%	7.73%	-13.34%
Gross Margin	36.23%	35.12%	34.75%	23.13%	33.88%	34.46%	34.27%	30.47%	33.76%	35%
Net Margin	6.98%	11.6%	23.46%	6.51%	-3.39%	8.44%	2.42%	-21.43%	-1.33%	-12.85%
Debt / Equity	1.23x	1.29x	0.85x	1.28x	1.49x	1.86x	2.44x	13.09x	12.18x	-
Interest Coverage	4.13x	2.67x	2.94x	3.48x	3.61x	3.85x	2.32x	-4.48x	1.31x	-1.73x
FCF Conversion	1.57x	1.17x	0.61x	1.39x	-2.82x	2.05x	3.60x	-0.07x	-6.34x	-0.41x
Revenue Growth	-8.57%	16.12%	-2.28%	35.24%	-4.35%	5.34%	-0.94%	-13.8%	-9.84%	-8.04%

Frequently Asked Questions

Growth & Financials

QVC Group Inc. (QVCGP) reported $9.50B in revenue for fiscal year 2024. This represents a 1% decrease from $9.62B in 2011.

QVC Group Inc. (QVCGP) saw revenue decline by 8.0% over the past year.

QVC Group Inc. (QVCGP) reported a net loss of $3.69B for fiscal year 2024.

Dividend & Returns

Yes, QVC Group Inc. (QVCGP) pays a dividend with a yield of 12.53%. This makes it attractive for income-focused investors.

QVC Group Inc. (QVCGP) had negative free cash flow of $25.0M in fiscal year 2024, likely due to heavy capital investments.