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Qnity Electronics, Inc.(Q)Earnings, Financials & Key Ratios
Q•NYSE
$149.41
$31.3B mkt cap·45.2× P/E·Price updated May 6, 2026
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 Margin46.11%+6.0%
- EBITDA Margin28.63%+9.0%
- Operating Margin19.54%+20.0%
- Net Margin15.99%+27.2%
- ROE6.28%+38.5%
- ROIC5.73%+30.9%
- Debt/Equity0.02-11.7%
- Interest Coverage3.03
Q Key Insights
Qnity Electronics, Inc. (Q) fundamental analysis — strengths, weaknesses & financial health based on 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%
- ✓Trading near 52-week high
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Q Price & Volume
Qnity Electronics, Inc. (Q) stock price & volume — 10-year historical chart
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Q Growth Metrics
Qnity Electronics, Inc. (Q) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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Profit CAGR
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EPS CAGR
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Return on Capital
10 Years6.41%
5 Years6.41%
3 Years6.41%
Last Year7.28%
Q Recent Earnings
Qnity Electronics, Inc. (Q) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/6 qtrs (100%)●Beat Revenue 2/6 qtrs (100%)
Q1 2026Latest
Feb 26, 2026EPS
$0.82
Est $0.63
+30.6%
Revenue
$1.2B
Est $1.2B
+2.8%
Q4 2025
Nov 6, 2025EPS
$0.74
Est $0.66
+13.0%
Revenue
$1.3B
Est $1.2B
+6.9%
Q3 2025
Jun 30, 2025EPS
$0.90
Revenue
$1.2B
Q2 2025
Mar 31, 2025EPS
$0.92
Revenue
$1.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.82vs $0.63+30.6% | $1.2Bvs $1.2B+2.8% |
| Q4 2025 | Nov 6, 2025 | $0.74vs $0.66+13.0% | $1.3Bvs $1.2B+6.9% |
| Q3 2025 | Jun 30, 2025 | $0.90 | $1.2B |
| Q2 2025 | Mar 31, 2025 | $0.92 | $1.1B |
Based on last 6 quarters of dataView full earnings history →
Q Peer Comparison
Qnity Electronics, Inc. (Q) competitors in Semiconductor Materials and Fab Consumables — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AVT | 6.85B | 83.70 | 30.44 | -6.55% | 0.86% | 4.33% | 0.57 | |
 ARW | 9.8B | 191.85 | 17.55 | 10.49% | 1.85% | 8.58% | 0.46 | |
 SNX | 18.89B | 233.99 | 23.52 | 6.94% | 1.32% | 9.79% | 0.55 | |
 BHE | 3.11B | 86.60 | 127.35 | 0.11% | 1.27% | 3.1% | 0.37 | |
 PLXS | 7.1B | 265.04 | 42.34 | 1.82% | 4.35% | 12.83% | 0.12 | |
 JBL | 40.02B | 372.34 | 62.90 | 3.18% | 2.48% | 58.84% | 2.22 | |
 CLS | 47.58B | 413.87 | 56.77 | 30.71% | 6.95% | 47.71% | 0.41 | |
 FLEX | 49.54B | 134.73 | 63.85 | -2.28% | 3.17% | 16.83% | 0.83 |
Compare Q vs Peers
Qnity Electronics, Inc. (Q) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Q Income Statement
Qnity Electronics, Inc. (Q) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'23 | Dec'24 | TTM |
|---|---|---|---|
| Sales/Revenue | 4.04B | 4.33B | 3.56B |
| Revenue Growth % | - | 7.43% | - |
| Cost of Goods Sold | 2.28B | 2.34B | 2.02B |
| COGS % of Revenue | 56.51% | 53.89% | - |
| Gross Profit | 1.75B▲ 0% | 2B▲ 13.9% | 1.54B▲ 0% |
| Gross Margin % | 43.49% | 46.11% | - |
| Gross Profit Growth % | - | 13.9% | - |
| Operating Expenses | 1.1B | 1.16B | 770M |
| OpEx % of Revenue | 27.21% | 26.76% | - |
| Selling, General & Admin | 533M | 617M | 456M |
| SG&A % of Revenue | 13.21% | 14.23% | - |
| Research & Development | 303M | 311M | 263M |
| R&D % of Revenue | 7.51% | 7.17% | - |
| Other Operating Expenses | 262M | 232M | 1000K |
| Operating Income | 657M▲ 0% | 847M▲ 28.9% | 773M▲ 0% |
| Operating Margin % | 16.28% | 19.54% | - |
| Operating Income Growth % | - | 28.92% | - |
| EBITDA | 1.06B | 1.24B | 1.05B |
| EBITDA Margin % | 26.27% | 28.63% | - |
| EBITDA Growth % | - | 17.08% | - |
| D&A (Non-Cash Add-back) | 403M | 394M | 280M |
| EBIT | 657M | 898M | 786M |
| Net Interest Income | 0 | -280M | -139M |
| Interest Income | 0 | 0 | 0 |
| Interest Expense | 0 | 280M | 139M |
| Other Income/Expense | -25M | 54M | 0 |
| Pretax Income | 632M▲ 0% | 901M▲ 42.6% | 773M▲ 0% |
| Pretax Margin % | 15.66% | 20.78% | 21.69% |
| Income Tax | 99M | 177M | 153M |
| Effective Tax Rate % | 15.66% | 19.64% | 19.79% |
| Net Income | 507M▲ 0% | 693M▲ 36.7% | 592M▲ 0% |
| Net Margin % | 12.57% | 15.99% | - |
| Net Income Growth % | - | 36.69% | - |
| Net Income (Continuing) | 533M | 724M | 620M |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 246M | 252M | 264M |
| EPS (Diluted) | 2.42▲ 0% | 3.31▲ 36.7% | -▲ 0% |
| EPS Growth % | - | 36.69% | - |
| EPS (Basic) | 2.42 | 3.31 | - |
| Diluted Shares Outstanding | 209.43M | 209.43M | 209.46M |
| Basic Shares Outstanding | 209.43M | 209.43M | 209.46M |
| Dividend Payout Ratio | - | - | - |
Q Balance Sheet
Qnity Electronics, Inc. (Q) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'23 | Dec'24 | TTM |
|---|---|---|---|
| Total Current Assets | 1.36B | 1.48B | 1.62B |
| Cash & Short-Term Investments | 139M | 166M | 128M |
| Cash Only | 139M | 166M | 128M |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 657M | 682M | 802M |
| Days Sales Outstanding | 59.43 | 57.42 | 88.72 |
| Inventory | 534M | 597M | 647M |
| Days Inventory Outstanding | 85.49 | 93.28 | 117.09 |
| Other Current Assets | 34M | 38M | 44M |
| Total Non-Current Assets | 11.15B | 10.79B | 10.89B |
| Property, Plant & Equipment | 1.71B | 1.68B | 1.74B |
| Fixed Asset Turnover | 2.37x | 2.59x | 2.16x |
| Goodwill | 7.46B | 7.38B | 7.5B |
| Intangible Assets | 1.54B | 1.29B | 1.16B |
| Long-Term Investments | 399M | 394M | 1.25B |
| Other Non-Current Assets | 13M | 14M | 832M |
| Total Assets | 12.52B▲ 0% | 12.27B▼ 1.9% | 12.51B▲ 0% |
| Asset Turnover | 0.32x | 0.35x | 0.28x |
| Asset Growth % | - | -1.94% | 0% |
| Total Current Liabilities | 677M | 839M | 910M |
| Accounts Payable | 385M | 450M | 590M |
| Days Payables Outstanding | 61.63 | 70.31 | 100.43 |
| Short-Term Debt | 53M | 61M | 28M |
| Deferred Revenue (Current) | 0 | 1M | 1M |
| Other Current Liabilities | 67M | 73M | 51M |
| Current Ratio | 2.01x | 1.77x | 1.77x |
| Quick Ratio | 1.23x | 1.06x | 1.06x |
| Cash Conversion Cycle | 83.28 | 80.39 | 105.39 |
| Total Non-Current Liabilities | 655M | 538M | 2.21B |
| Long-Term Debt | 0 | 0 | 1.72B |
| Capital Lease Obligations | 169M | 130M | 200M |
| Deferred Tax Liabilities | 341M | 259M | 707M |
| Other Non-Current Liabilities | 124M | 114M | 1.32B |
| Total Liabilities | 1.33B | 1.38B | 3.13B |
| Total Debt | 222M | 191M | 1.85B |
| Net Debt | 83M | 25M | 1.72B |
| Debt / Equity | 0.02x | 0.02x | 0.02x |
| Debt / EBITDA | 0.21x | 0.15x | 1.75x |
| Net Debt / EBITDA | 0.08x | 0.02x | 0.02x |
| Interest Coverage | - | 3.03x | 5.65x |
| Total Equity | 11.18B▲ 0% | 10.9B▼ 2.6% | 9.39B▲ 0% |
| Equity Growth % | - | -2.58% | 0% |
| Book Value per Share | 53.40 | 52.03 | 44.81 |
| Total Shareholders' Equity | 10.94B | 10.64B | 9.12B |
| Common Stock | 11.18B | 11.06B | 9.35B |
| Retained Earnings | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | -245M | -414M | -224M |
| Minority Interest | 246M | 252M | 264M |
Q Cash Flow Statement
Qnity Electronics, Inc. (Q) cash flow — operating, investing & free cash flow history
| Line item | Dec'23 | Dec'24 | TTM |
|---|---|---|---|
| Cash from Operations | 882M | 1.06B | 1.06B |
| Operating CF Margin % | 21.86% | 24.48% | - |
| Operating CF Growth % | - | 20.29% | 0% |
| Net Income | 533M | 724M | 608M |
| Depreciation & Amortization | 403M | 394M | 280M |
| Stock-Based Compensation | 13M | 13M | 8M |
| Deferred Taxes | -79M | -81M | -61M |
| Other Non-Cash Items | 55M | -3M | 1M |
| Working Capital Changes | -43M | 14M | -54M |
| Change in Receivables | 12M | -53M | -69M |
| Change in Inventory | 86M | -84M | -33M |
| Change in Payables | -54M | 78M | 81M |
| Cash from Investing | -226M | -172M | -214M |
| Capital Expenditures | -231M | -200M | -214M |
| CapEx % of Revenue | 5.72% | 4.61% | - |
| Acquisitions | 0 | 0 | 0 |
| Investments | - | - | - |
| Other Investing | 5M | 28M | 0 |
| Cash from Financing | -628M | -848M | -616M |
| Debt Issued (Net) | 0 | 0 | 1.72B |
| Equity Issued (Net) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 |
| Other Financing | -628M | -848M | -2.33B |
| Net Change in Cash | 24M▲ 0% | 27M▲ 12.5% | -38M▲ 0% |
| Free Cash Flow | 651M▲ 0% | 861M▲ 32.3% | 568M▲ 0% |
| FCF Margin % | 16.13% | 19.86% | - |
| FCF Growth % | - | 32.26% | - |
| FCF per Share | 3.11 | 4.11 | 4.11 |
| FCF Conversion (FCF/Net Income) | 1.74x | 1.53x | 0.96x |
| Interest Paid | 0 | 0 | 0 |
| Taxes Paid | 80M | 62M | 0 |
Q Key Ratios
Qnity Electronics, Inc. (Q) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2024 | TTM |
|---|---|---|
| Return on Equity (ROE) | 6.28% | 6.47% |
| Return on Invested Capital (ROIC) | 5.73% | 5.73% |
| Gross Margin | 46.11% | 43.27% |
| Net Margin | 15.99% | 16.61% |
| Debt / Equity | 0.02x | 0.02x |
| Interest Coverage | 3.03x | 5.65x |
| FCF Conversion | 1.53x | 0.96x |
| Revenue Growth | 7.43% | - |
Q SEC Filings & Documents
Qnity Electronics, Inc. (Q) SEC filings — annual & quarterly reports (10-K, 10-Q)
Q Frequently Asked Questions
Qnity Electronics, Inc. (Q) stock FAQ — growth, dividends, profitability & financials explained
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.
Explore More Q
Qnity Electronics, Inc. (Q) financial analysis — history, returns, DCA and operating performance tools
Full Q Stock Analysis
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Price History
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Valuation
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