Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| QVC Group, Inc.QVCG · shops | |
|---|---|
| Grade |  Eweakest fifth of 258 graded peers; percentile 91.4, sampling error 2.9 points; lower is stronger |
| Rank | 236 of 258 |
| Profitability | Cpercentile 55.4 |
| Solvency | Epercentile 89.5 |
| Growth and financing | Dpercentile 65.9 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $8.5B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | late filer · fortress balance sheetnot computable: dilution, short runway, distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Apr 15, 2026177 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $12.812026-10-08; market equity $0; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Apr 15, 2026; the document on sec.gov.
Certain statements in this Annual Report on Form 10-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business, product and marketing strategies, including the outcome and effects of the Chapter 11 Cases (as defined below) (including our ability to successfully emerge from the process and the timing thereof); our WIN strategy; capital expenditures, revenue growth; statements regarding the recoverability of our goodwill and other long-lived assets; our projected sources and uses of cash; repayment of debt; economic and macroeconomic trends; and the anticipated impact of certain contingent l...
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 55.4 | |||||||
| Gross profitability | 33.0% | [1,5] | 42.6% | 63.1 | 242 | 2025-12-31 | |
| Return on invested capital | (62.6%) | [3-4,6-12] | 10.9% | 97.6 | 84 | 2025-12-31 | |
| Accruals ratio | (28.2%) | [1,13-15] | (4.9%) | 5.6 | 287 | 2025-12-31 | |
| Gross margin stability, five years | 1.5 pts | [2,5,16-23] | 1.2 pts | 55.5 | 219 | 2025-12-31 | |
| Solvency, sleeve percentile 89.5 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| market price is missing at 2026-06-30 | |||||||
| Altman Z double-prime | (7.44) | [1,6,9,24-27] | 1.92 | 87.9 | 208 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 1.84x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 2.26x | |||||
| latest aligned inputs end 2013-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 0.55x | [24-25] | 1.37x | 91.2 | 295 | 2025-12-31 | |
| Growth and financing, sleeve percentile 65.9 | |||||||
| Revenue growth, three-year compound | (5.7%) | [2,17-18,20] | 1.5% | 78.0 | 269 | 2025-12-31 | |
| Free cash flow growth, three-year compound | 14.1% | [14,28-34] | 5.6% | 32.2 | 147 | 2025-12-31 | |
| Reinvestment rate | not computable | 7.3% | |||||
| NOPAT must exceed $100,000 | |||||||
| Asset growth, three years | (12.0%) | [1,15,35-36] | 3.4% | 87.5 | 272 | 2025-12-31 | |
| Net share issuance, one year | not computable | (0.6%) | |||||
| raw and split-adjusted prices do not align at 2025-12-31 | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.418; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 231 | Childrens Place, Inc. (PLCE) Childrens Place, Inc. (PLCE) Eweakest fifth; percentile 89.5 Nasdaq · Retail-Family Clothing Stores market equity $42.7M; last close $1.91 No active warnings; 8 of 14 inputs | 89.5 | E | |
| 232 | Portillo's Inc. (PTLO) Portillo's Inc. (PTLO) Eweakest fifth; percentile 89.9 Nasdaq · Retail-Eating Places market equity $241.0M; last close $3.89 No active warnings; 7 of 14 inputs | 89.9 | E | |
| 233 | Neighborhood Intelligence, Inc. (BBBYW) Neighborhood Intelligence, Inc. (BBBYW) Eweakest fifth; percentile 90.5 Nasdaq · Retail-Catalog & Mail-Order Houses last close $0.17 Warnings: fortress balance sheet; 7 of 14 inputs | 90.5 | E | fortress balance sheet |
| 234 | Neighborhood Intelligence, Inc. (NXH) Neighborhood Intelligence, Inc. (NXH) Eweakest fifth; percentile 90.5 Nasdaq · Retail-Catalog & Mail-Order Houses last close $1.72 Warnings: fortress balance sheet; 7 of 14 inputs | 90.5 | E | fortress balance sheet |
| 235 | Lulu's Fashion Lounge Holdings, Inc. (LVLU) Lulu's Fashion Lounge Holdings, Inc. (LVLU) Eweakest fifth; percentile 91.1 Nasdaq · Retail-Catalog & Mail-Order Houses market equity $35.0M; last close $12.12 No active warnings; 9 of 14 inputs | 91.1 | E | |
| 236 | QVC Group, Inc. (QVCG) QVC Group, Inc. (QVCG) Eweakest fifth; percentile 91.4 Nasdaq · Retail-Catalog & Mail-Order Houses last close $12.81 Warnings: late filer, fortress balance sheet; 9 of 14 inputs | 91.4 | E | late filer, fortress balance sheet |
| 237 | Universal Safety Products, Inc. (UUU) Universal Safety Products, Inc. (UUU) Eweakest fifth; percentile 91.8 NYSE · Wholesale-Electronic Parts & Equipment, NEC market equity $15.8M; last close $5.21 Warnings: dilution, late filer, fortress balance sheet; 8 of 14 inputs | 91.8 | E | dilution, late filer, fortress balance sheet |
| 238 | Accendra Health (ACH) Accendra Health (ACH) Eweakest fifth; percentile 92.2 NYSE · Wholesale-Medical, Dental & Hospital Equipment & Supplies market equity $34.1M; last close $0.45 Warnings: short runway; 10 of 14 inputs | 92.2 | E | short runway |
| 239 | CHS Inc. (CHSCL) CHS Inc. (CHSCL) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $25.06 No active warnings; 10 of 14 inputs | 93.4 | E | |
| 240 | CHS Inc. (CHSCM) CHS Inc. (CHSCM) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $23.55 No active warnings; 10 of 14 inputs | 93.4 | E | |
| 241 | CHS Inc. (CHSCN) CHS Inc. (CHSCN) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $23.94 No active warnings; 10 of 14 inputs | 93.4 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 88.7 | 2204 |
| sector peers, equal sleeves (the grade) | E | 91.4 | 258 |
| same exchange, equal sleeves | E | 85.9 | 1219 |
| sector peers, equal inputs | E | 88.3 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | not computable | (0.1%) | missing required 12-1 monthly returns: 2026-08, 2026-07, 2026-06, 2026-05, 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10 | |
| Distance from 52-week high | (34.3%) | (24.1%) | 36 | closer to its high than 36 of 100 peers |
| EBIT to enterprise value | not computable | 5.3% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 4.2% | required accounting or market input is missing | |
| Book value to price | not computable | 0.36 | required accounting or market input is missing | |
| Sales to price | not computable | 1.75 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (16.7%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | not computable | 0.02 | missing required 12-1 monthly returns: 2026-08, 2026-07, 2026-06, 2026-05, 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10 |
Inputs: EBIT -$2.0B; free cash flow $287.0M; book equity -$645.0M; sales $8.3B; debt $0; cash $1.5B[37].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (21.9%) | ✗ fail[13,15] |
| Operating cash flow above zero | $419.0M | ✓ pass[14] |
| Return on assets improved | (12.8 pts) | ✗ fail[13,15,35,38] |
| Operating cash flow exceeds net income | $2.6B | ✓ pass[13-14] |
| Long-term leverage fell | (30.7 pts) | ✓ pass[1,15,35,39-40] |
| Current ratio improved | (57.0 pts) | ✗ fail[24-25,41-42] |
| No new shares issued | n/a[43-44] | |
| Gross margin improved | (0.7 pts) | ✗ fail[2,5,16-17] |
| Asset turnover improved | 7.1 pts | ✓ pass[2,15,17,35] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[14,45-48] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 1 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 66 |
| 10-Q received Aug 4, 2026 | |
| Median daily dollar volume | $2.5M |
| 63 sessions | |
| Days since newest grade input | 177 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $8.5B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $8.3B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $1.5B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $1.0M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $2.8B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 6 | operating income | us-gaap:OperatingIncomeLoss | -$2.0B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 7 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -$2.3B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 8 | income tax | us-gaap:IncomeTaxExpenseBenefit | -$153.0M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 9 | book equity | us-gaap:StockholdersEquity | $1.2B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $3.3B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $3.3B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $297.0M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | -$2.2B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $419.0M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $9.9B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $3.1B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $9.0B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 18 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $9.4B | 2023-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 19 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $6.3B | 2023-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 20 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $9.9B | 2022-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 21 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $6.8B | 2022-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 22 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $11.4B | 2021-12-31 | 2024-02-28 | 10-K | filing · viewer · series |
| 23 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $7.4B | 2021-12-31 | 2024-02-28 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $3.6B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $6.5B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 26 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$9.7B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 27 | liabilities | us-gaap:Liabilities | $7.2B | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 28 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $132.0M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $535.0M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 30 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $173.0M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.1B | 2023-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 32 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $182.0M | 2023-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $409.0M | 2022-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 34 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $216.0M | 2022-12-31 | 2024-02-28 | 10-K | filing · viewer · series |
| 35 | assets | us-gaap:Assets | $11.7B | 2023-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 36 | assets | us-gaap:Assets | $12.4B | 2022-12-31 | 2024-02-28 | 10-K | filing · viewer · series |
| 37 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1 | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 38 | net income | us-gaap:NetIncomeLoss | -$1.1B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 39 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.0M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 40 | long term debt | us-gaap:LongTermDebtNoncurrent | $3.3B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 41 | current assets | us-gaap:AssetsCurrent | $2.5B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 42 | current liabilities | us-gaap:LiabilitiesCurrent | $2.2B | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 43 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1 | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 44 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1 | 2024-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 45 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $56.0M | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 46 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$98.0M | 2026-03-31 | 2026-05-15 | 10-Q | filing · viewer · series |
| 47 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $174.0M | 2025-09-30 | 2025-11-05 | 10-Q | filing · viewer · series |
| 48 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $98.0M | 2025-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 91.4 is 11.4 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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