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Financials · Q

Qnity Electronics Inc. (Q) financials

For the twelve months ended Sep 30, 2026, Qnity Electronics Inc. reported $5.49B of revenue and $558.00M of net income.

Revenue, TTM
$5.49B
Revenue growth, YoY
+17.7%
Net income, TTM
$558.00M
Net income growth, YoY
-30.7%
Net margin
10.2%
Free cash flow, TTM
$777.00M
EPS, diluted, TTM
$2.65
Cash
$1.12B
Total debt
$4.02B
P/E
43.83
P/S
4.45
Market cap
$24.46B
Annual revenue$4.75B
FY2023FY2025
Annual net income$692.00M
FY2023FY2025
Annual free cash flow$988.00M
FY2023FY2025

Q revenue and earnings growth

Q revenueQ3 2026$1.56B

Quarter YoY
+21.9%
QoQ
+8.9%
FY YoY
+9.7%

Q revenue was $1.56B in fiscal Q3 2026 (ended Sep 30, 2026), up 21.9% from a year earlier and up 8.9% from the prior quarter. For the full fiscal 2025 it was $4.75B, up 9.7% from fiscal 2024.

Q net incomeQ3 2026$183.00M

Quarter YoY
-13.3%
QoQ
+47.6%
FY YoY
-0.1%

Q net income was $183.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 13.3% from a year earlier and up 47.6% from the prior quarter. For the full fiscal 2025 it was $692.00M, down 0.1% from fiscal 2024.

Q EPSQ3 2026$0.87

Quarter YoY
-13.9%
QoQ
+47.5%
FY YoY
-0.3%

Q diluted EPS was $0.87 in fiscal Q3 2026 (ended Sep 30, 2026), down 13.9% from a year earlier and up 47.5% from the prior quarter. For the full fiscal 2025 it was $3.30, down 0.3% from fiscal 2024.

Q free cash flowQ3 2026$193.00M

Quarter YoY
-19.9%
QoQ
+27.8%
FY YoY
+14.8%

Q free cash flow was $193.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 19.9% from a year earlier and up 27.8% from the prior quarter. For the full fiscal 2025 it was $988.00M, up 14.8% from fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue$4.75B$4.33B$4.04B
Cost of revenue$2.56B$2.34B$2.28B
Gross profit$2.19B$2.00B$1.75B
Research and development$354.00M$314.00M$303.00M
Selling, general and admin$620.00M$603.00M$533.00M
Pre-tax income$962.00M$901.00M$632.00M
Income tax$233.00M$177.00M$99.00M
Net income$692.00M$693.00M$507.00M
EPS, basic$3.30$3.31$2.42
EPS, diluted$3.30$3.31$2.42
Diluted shares209.8M209.4M209.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Cash and equivalents$915.00M$166.00M-
Receivables$992.00M$580.00M-
Inventory$661.00M$597.00M-
Current assets$2.64B$1.48B-
Goodwill$7.52B$7.38B$7.46B
Total assets$14.07B$12.27B-
Current liabilities$1.36B$839.00M-
Short-term debt$24.00M$0-
Long-term debt$4.00B$0-
Total debt$4.03B$0-
Total liabilities$6.70B$1.38B-
Shareholders' equity$7.09B$10.90B$11.18B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Operating cash flow$1.27B$1.06B$882.00M
Capital expenditures$285.00M$200.00M$231.00M
Free cash flow$988.00M$861.00M$651.00M
Investing cash flow-$285.00M-$172.00M-$226.00M
Financing cash flow-$248.00M-$848.00M-$628.00M
Dividends paid$13.00M$0$0
Stock-based compensation$20.00M$13.00M$13.00M
Depreciation and amortization$376.00M$394.00M$403.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue growth, YoY9.7%7.4%-
Net income growth, YoY-0.1%36.7%-
EPS growth, YoY-0.3%36.8%-
Gross margin46.2%46.0%43.5%
Net margin14.6%16.0%12.6%
Free cash flow margin20.8%19.9%16.1%
Return on equity9.8%6.4%4.5%
Return on assets4.9%5.6%-
Current ratio1.951.77-
Debt to equity0.570.00-

Source: XBRL data Qnity Electronics Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Q peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
Q$5.49B+17.7%$558.00M10.2%$24.46B
NVDA$302.97B+83.4%$192.88B63.7%$4.50T
TSMNT$3.81T+31.6%NT$1.70T44.6%$1.95T
AVGO$89.10B+48.7%$38.27B42.9%$1.40T
MU$133.19B+256.3%$84.97B63.8%$780.68B
AMD$45.44B+41.9%$7.62B16.8%$736.46B
INTC$59.89B+12.1%-$12.03B-20.1%$299.10B
AMAT$30.84B+7.8%$9.27B30.1%$264.05B

Q FAQ

9 questions
  • What is Q revenue?
    Qnity Electronics Inc. (Q) reported $5.49B of revenue for the twelve months ended Sep 30, 2026. That is up 17.7% from the year before. Revenue for fiscal 2025 was $4.75B.
  • Is Q profitable?
    Yes. Qnity Electronics Inc. earned $558.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 10.2%.
  • How much cash and debt does Q have?
    Qnity Electronics Inc. reported $1.12B in cash and cash equivalents and $4.02B of debt on its most recent balance sheet in SEC filings.
  • How fast is Q revenue growing?
    Qnity Electronics Inc.'s revenue changed +9.7% in fiscal 2025, to $4.75B.
  • What is Q gross margin?
    Qnity Electronics Inc.'s gross profit was $2.58B on $5.49B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 46.9%.
  • What is Q free cash flow?
    Qnity Electronics Inc. generated $777.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.14B less capital expenditures.
  • What is Q earnings per share?
    Diluted earnings per share were $2.65 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did Q last report financial results?
    The latest statements here come from Qnity Electronics Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this Q financial data come from?
    Quantisnow builds these statements from the structured XBRL data Qnity Electronics Inc. files with the SEC. It is provided for information only and is not investment advice.