InsiderClue
Stocks · Consumer discretionary · Retail-Catalog & Mail-Order Houses

QVC Group, Inc.

QVCG Clue Score23
United States Fiscal year ends December CIK 0001254699
$12.87 +0.55% Close, 9 Oct 2026
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Price $12.87 −23.67% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 10 Aug 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue8.68Operating income1.20Net income0.60Fiscal year 2017Revenue8.77 +1.0%Operating income1.31Net income0.90 +49.2%Fiscal year 2018Revenue11.28 +28.6%Operating income1.51Net income0.88 −2.1%Fiscal year 2019Revenue10.99 −2.6%Operating income1.33Net income0.77 −13.0%Fiscal year 2020Revenue11.47 +4.4%Operating income1.57Net income0.84 +10.0%Fiscal year 2021Revenue11.35 −1.0%Operating income1.51Net income0.79 −6.8%Fiscal year 2022Revenue9.89 −12.9%Operating income−1.40Net income−1.87 −337.2%Fiscal year 2023Revenue9.45 −4.4%Operating income0.65Net income0.16Fiscal year 2024Revenue9.00 −4.8%Operating income−0.77Net income−1.07 −772.3%Fiscal year 2025Revenue8.29 −7.8%Operating income−2.02Net income−2.17
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 8.68 8.77 11.28 10.99 11.47 11.35 9.89 9.45 9.00 8.29
Growth +1.0% +28.6% −2.6% +4.4% −1.0% −12.9% −4.4% −4.8% −7.8%
Operating income 1.20 1.31 1.51 1.33 1.57 1.51 −1.40 0.65 −0.77 −2.02
Net income 0.60 0.90 0.88 0.77 0.84 0.79 −1.87 0.16 −1.07 −2.17
Growth +49.2% −2.1% −13.0% +10.0% −6.8% −337.2% −772.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin36.2%Operating margin13.9%Net margin7.0%Fiscal year 2017Operating margin14.9%Net margin10.3%Fiscal year 2018Operating margin13.4%Net margin7.8%Fiscal year 2019Operating margin12.1%Net margin7.0%Free cash flow margin9.4%Fiscal year 2020Operating margin13.7%Net margin7.4%Free cash flow margin17.6%Fiscal year 2021Operating margin13.3%Net margin6.9%Free cash flow margin8.4%Fiscal year 2022Gross margin31.7%Operating margin−14.1%Net margin−18.9%Free cash flow margin2.0%Fiscal year 2023Gross margin33.6%Operating margin6.8%Net margin1.7%Free cash flow margin9.7%Fiscal year 2024Gross margin34.4%Operating margin−8.6%Net margin−11.9%Free cash flow margin4.0%Fiscal year 2025Gross margin33.6%Operating margin−24.3%Net margin−26.1%Free cash flow margin3.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 36.2% n/a n/a n/a n/a n/a 31.7% 33.6% 34.4% 33.6%
Operating margin 13.9% 14.9% 13.4% 12.1% 13.7% 13.3% −14.1% 6.8% −8.6% −24.3%
Net margin 7.0% 10.3% 7.8% 7.0% 7.4% 6.9% −18.9% 1.7% −11.9% −26.1%
Free cash flow margin n/a n/a n/a 9.4% 17.6% 8.4% 2.0% 9.7% 4.0% 3.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.18Dividends paid−0.70Fiscal year 2017Operating cash flow1.20Dividends paid−0.87Fiscal year 2018Operating cash flow1.16Dividends paid−0.37Fiscal year 2019Operating cash flow1.32Capital expenditure−0.29Free cash flow1.03Dividends paid−0.88Fiscal year 2020Operating cash flow2.23Capital expenditure−0.22Free cash flow2.02 +95.5%Fiscal year 2021Operating cash flow1.17Capital expenditure−0.21Free cash flow0.96 −52.4%Fiscal year 2022Operating cash flow0.41Capital expenditure−0.22Free cash flow0.19 −79.9%Fiscal year 2023Operating cash flow1.09Capital expenditure−0.18Free cash flow0.91 +372.5%Fiscal year 2024Operating cash flow0.54Capital expenditure−0.17Free cash flow0.36 −60.3%Fiscal year 2025Operating cash flow0.42Capital expenditure−0.13Free cash flow0.29 −20.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.18 1.20 1.16 1.32 2.23 1.17 0.41 1.09 0.54 0.42
Capital expenditure n/a n/a n/a −0.29 −0.22 −0.21 −0.22 −0.18 −0.17 −0.13
Free cash flow n/a n/a n/a 1.03 2.02 0.96 0.19 0.91 0.36 0.29
Growth +95.5% −52.4% −79.9% +372.5% −60.3% −20.7%
Dividends paid −0.70 −0.87 −0.37 −0.88 n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.28Shareholders’ equity3.80Fiscal year 2017Cash0.28Shareholders’ equity5.69Fiscal year 2018Cash0.54Shareholders’ equity6.71Fiscal year 2019Cash0.56Total debt5.10Net cash (debt)−4.54Shareholders’ equity6.67Debt to equity0.76Fiscal year 2020Cash0.68Total debt4.55Net cash (debt)−3.87Shareholders’ equity8.00Debt to equity0.57Fiscal year 2021Cash0.51Total debt5.02Net cash (debt)−4.51Shareholders’ equity7.60Debt to equity0.66Fiscal year 2022Cash0.36Total debt4.72Net cash (debt)−4.36Shareholders’ equity4.48Debt to equity1.05Fiscal year 2023Cash0.31Total debt3.91Net cash (debt)−3.60Shareholders’ equity4.25Debt to equity0.92Fiscal year 2024Cash0.30Total debt3.31Net cash (debt)−3.02Shareholders’ equity3.29Debt to equity1.01Fiscal year 2025Cash1.50Total debt5.05Net cash (debt)−3.55Shareholders’ equity1.20Debt to equity4.22
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.28 0.28 0.54 0.56 0.68 0.51 0.36 0.31 0.30 1.50
Total debt n/a n/a n/a 5.10 4.55 5.02 4.72 3.91 3.31 5.05
Net cash (debt) n/a n/a n/a −4.54 −3.87 −4.51 −4.36 −3.60 −3.02 −3.55
Shareholders’ equity 3.80 5.69 6.71 6.67 8.00 7.60 4.48 4.25 3.29 1.20
Debt to equity n/a n/a n/a 0.76 0.57 0.66 1.05 0.92 1.01 4.22

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
36.2% n/a n/a n/a n/a n/a 31.7% 33.6% 34.4% 33.6%
13.9% 14.9% 13.4% 12.1% 13.7% 13.3% −14.1% 6.8% −8.6% −24.3%
11.8% 12.4% 11.2% 9.8% 10.9% 11.1% −16.1% 4.4% −11.3% −27.5%
7.0% 10.3% 7.8% 7.0% 7.4% 6.9% −18.9% 1.7% −11.9% −26.1%
n/a n/a n/a 9.4% 17.6% 8.4% 2.0% 9.7% 4.0% 3.5%
Spending
8.4% 8.5% n/a n/a n/a n/a n/a n/a n/a n/a
n/a n/a n/a 2.6% 1.9% 1.8% 2.2% 1.9% 1.9% 1.6%
37.5% 12.8% 26.5% 24.3% 27.7% 32.4% n/a 49.3% n/a n/a
Returns
15.9% 15.8% 13.1% 11.5% 10.5% 10.4% −41.7% 3.7% −32.5% −181.4%
5.2% 6.3% 5.9% 5.1% 5.1% 4.9% −15.1% 1.4% −10.8% −25.6%
Balance and payout
n/a n/a n/a 0.76 0.57 0.66 1.05 0.92 1.01 4.22
66.3% 59.5% 54.0% 54.4% 50.9% 52.2% 63.1% 63.0% 65.9% 85.0%
116.4% 96.1% 41.6% 114.6% n/a n/a n/a n/a n/a n/a
n/a n/a n/a 85.3% n/a n/a n/a n/a n/a n/a