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Qnity Electronics, Inc. (Q) 10-Year Financial Performance & Capital Metrics

Q • • Industrial / General
TechnologySemiconductorsSemiconductor Materials & SubstratesProcess Chemicals & Materials
AboutQnity Electronics, Inc. focuses on the provision of electronic solutions and materials used in semiconductor chip manufacturing and advanced electronic materials. The company was formerly known as Novus SpinCo 1, Inc. and changed its name to Qnity Electronics, Inc. in April 2025. Qnity Electronics, Inc. is based in Wilmington, Delaware.Show more
  • Revenue $4.33B +7.4%
  • EBITDA $1.24B +17.1%
  • Net Income $693M +36.7%
  • EPS (Diluted) 3.31 +36.7%
  • Gross Margin 46.11% +6.0%
  • EBITDA Margin 28.63% +9.0%
  • Operating Margin 19.54% +20.0%
  • Net Margin 15.99% +27.2%
  • ROE 6.28% +38.5%
  • ROIC 5.73% +30.9%
  • Debt/Equity 0.02 -11.7%
  • Interest Coverage 3.03
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 19.9% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 14.3%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg6.41%
5Y Avg6.41%
3Y Avg6.41%
Latest7.28%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ENTGEntegris, Inc.17.21B113.5458.83-8.02%8.95%7.41%1.84%1.10
QQnity Electronics, Inc.19.51B93.1228.147.43%15.99%6.28%4.41%0.02
SMTKSmartKem, Inc.7.55M1.23-0.39203.7%-62.62%-140.51%0.01
ATOMAtomera Incorporated76.35M2.41-3.54-75.45%-537%-107.23%0.08

Profit & Loss

Dec 2023Dec 2024
Sales/Revenue+4.04B4.33B
Revenue Growth %-0.07%
Cost of Goods Sold+2.28B2.34B
COGS % of Revenue0.57%0.54%
Gross Profit+1.75B2B
Gross Margin %0.43%0.46%
Gross Profit Growth %-0.14%
Operating Expenses+1.1B1.16B
OpEx % of Revenue0.27%0.27%
Selling, General & Admin533M617M
SG&A % of Revenue0.13%0.14%
Research & Development303M311M
R&D % of Revenue0.08%0.07%
Other Operating Expenses262M232M
Operating Income+657M847M
Operating Margin %0.16%0.2%
Operating Income Growth %-0.29%
EBITDA+1.06B1.24B
EBITDA Margin %0.26%0.29%
EBITDA Growth %-0.17%
D&A (Non-Cash Add-back)403M394M
EBIT657M898M
Net Interest Income+0-280M
Interest Income00
Interest Expense0280M
Other Income/Expense-25M54M
Pretax Income+632M901M
Pretax Margin %0.16%0.21%
Income Tax+99M177M
Effective Tax Rate %0.8%0.77%
Net Income+507M693M
Net Margin %0.13%0.16%
Net Income Growth %-0.37%
Net Income (Continuing)533M724M
Discontinued Operations00
Minority Interest246M252M
EPS (Diluted)+2.423.31
EPS Growth %-0.37%
EPS (Basic)2.423.31
Diluted Shares Outstanding209.43M209.43M
Basic Shares Outstanding209.43M209.43M
Dividend Payout Ratio--

Balance Sheet

Dec 2023Dec 2024
Total Current Assets+1.36B1.48B
Cash & Short-Term Investments139M166M
Cash Only139M166M
Short-Term Investments00
Accounts Receivable657M682M
Days Sales Outstanding59.4357.42
Inventory534M597M
Days Inventory Outstanding85.4993.28
Other Current Assets34M38M
Total Non-Current Assets+11.15B10.79B
Property, Plant & Equipment1.71B1.68B
Fixed Asset Turnover2.37x2.59x
Goodwill7.46B7.38B
Intangible Assets1.54B1.29B
Long-Term Investments399M394M
Other Non-Current Assets13M14M
Total Assets+12.52B12.27B
Asset Turnover0.32x0.35x
Asset Growth %--0.02%
Total Current Liabilities+677M839M
Accounts Payable385M450M
Days Payables Outstanding61.6370.31
Short-Term Debt53M61M
Deferred Revenue (Current)01000K
Other Current Liabilities67M73M
Current Ratio2.01x1.77x
Quick Ratio1.23x1.06x
Cash Conversion Cycle83.2880.39
Total Non-Current Liabilities+655M538M
Long-Term Debt00
Capital Lease Obligations169M130M
Deferred Tax Liabilities341M259M
Other Non-Current Liabilities124M114M
Total Liabilities1.33B1.38B
Total Debt+222M191M
Net Debt83M25M
Debt / Equity0.02x0.02x
Debt / EBITDA0.21x0.15x
Net Debt / EBITDA0.08x0.02x
Interest Coverage-3.03x
Total Equity+11.18B10.9B
Equity Growth %--0.03%
Book Value per Share53.4052.03
Total Shareholders' Equity10.94B10.64B
Common Stock11.18B11.06B
Retained Earnings00
Treasury Stock00
Accumulated OCI-245M-414M
Minority Interest246M252M

Cash Flow

Dec 2023Dec 2024
Cash from Operations+882M1.06B
Operating CF Margin %0.22%0.24%
Operating CF Growth %-0.2%
Net Income533M724M
Depreciation & Amortization403M394M
Stock-Based Compensation13M13M
Deferred Taxes-79M-81M
Other Non-Cash Items55M-3M
Working Capital Changes-43M14M
Change in Receivables12M-53M
Change in Inventory86M-84M
Change in Payables-54M78M
Cash from Investing+-226M-172M
Capital Expenditures-231M-200M
CapEx % of Revenue0.06%0.05%
Acquisitions--
Investments--
Other Investing5M28M
Cash from Financing+-628M-848M
Debt Issued (Net)--
Equity Issued (Net)--
Dividends Paid00
Share Repurchases--
Other Financing-628M-848M
Net Change in Cash--
Free Cash Flow+651M861M
FCF Margin %0.16%0.2%
FCF Growth %-0.32%
FCF per Share3.114.11
FCF Conversion (FCF/Net Income)1.74x1.53x
Interest Paid00
Taxes Paid80M62M

Key Ratios

Metric20232024
Return on Equity (ROE)4.53%6.28%
Return on Invested Capital (ROIC)4.37%5.73%
Gross Margin43.49%46.11%
Net Margin12.57%15.99%
Debt / Equity0.02x0.02x
Interest Coverage-3.03x
FCF Conversion1.74x1.53x
Revenue Growth-7.43%

Frequently Asked Questions

Valuation & Price

Qnity Electronics, Inc. (Q) has a price-to-earnings (P/E) ratio of 28.1x. This suggests investors expect higher future growth.

Growth & Financials

Qnity Electronics, Inc. (Q) reported $4.33B in revenue for fiscal year 2024. This represents a 7% increase from $4.04B in 2023.

Qnity Electronics, Inc. (Q) grew revenue by 7.4% over the past year. This is steady growth.

Yes, Qnity Electronics, Inc. (Q) is profitable, generating $693.0M in net income for fiscal year 2024 (16.0% net margin).

Dividend & Returns

Qnity Electronics, Inc. (Q) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.

Qnity Electronics, Inc. (Q) generated $861.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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