QVC, Inc.
QVCG · Consumer Discretionary · $17 mkt cap · FY2025 filings · · No moat ·
Price verdict withheld — value if growth stopped today unreliable
The five investor questions
Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend.
Median gross margin 35.0% over 10y, very stable.
Median ROIC 8.6%, above the 12% hurdle in 0% of years.
Net debt/EBITDA n/ax, interest coverage -7x.
Owner earnings changed trend unclear over up to the ten most recent annual observations.
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- Not reported
- Unavailable — insufficient owner-earnings data
- Unavailable — insufficient growth-model data
- $16.75
- No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. QVCG revenue fell in each of the three most recent year-over-year FY comparisons, so this estimate is flagged as unreliable for this company.
Among the current top-score group, the median current price is 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Score records captured Sep 4, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
16 years of fundamentals
The business, in plain English
QVC, Inc. booked $8.3B of revenue in FY2025 in the Consumer Discretionary sector and kept 33.6% of it as gross profit — a moderate-margin business by that measure. After every other cost, −26.1% of each revenue dollar reached the bottom line.
Across the filed record, revenue held roughly flat, from $8.3B (FY2011) to $8.3B (FY2025) — about 0.0% a year compounded over 14 years.
It earned −33.7% on invested capital in the latest filed year, FY2025. Across the full 15-year measurable filed record, median ROIC was 8.9%. Over the v3 recent window (10 measurable filed years), median ROIC was 8.6%. The Returns on Capital filter above scores it 16/100.
The balance sheet carried $5.0B of total debt in FY2025. Balance-Sheet Safety scores it 28/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Exact FY and FY-1 financing invested-capital inputs are required.
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Score history begins Sep 4, 2026 — the record builds forward from here.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
None yet — QVCG has read No moat for every logged capture since Sep 4, 2026.
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for QVCG.
Consumer Discretionary context
#322 of 486 scored Consumer Discretionary companies, ranked by Moat Score.
Nearest peers by Moat Score
- #320PENN PENN ENTERTAINMENT, INC.37.0 out of 100, No moatNo moat
- #321ARKR ARK RESTAURANTS CORP.36.9 out of 100, No moatNo moat
- #323NDLS NOODLES & COMPANY36.7 out of 100, No moatNo moat
- #324ONMD ONEMEDNET CORPORATION36.7 out of 100, No moatNo moat
Compare QVCG with its nearest peers →All Consumer Discretionary companies on the Index →
Common questions about QVCG
- Does QVC, Inc. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores QVC, Inc. (QVCG) 36.8 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend not measurable from the filings, pricing power 60, returns on capital 16, balance-sheet safety 28, capital allocation 44.
- How has QVCG's Moat Score changed over time?
- The record logs 1 reading since Sep 4, 2026; the latest reads 36.8 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.