Qnity Electronics (Q) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the Q SEC filings page.
Qnity Electronics, Inc. (Q) reported $5.2B in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth has translated into cash, but FY2025 also marks a sharp shift toward debt-funded balance-sheet expansion.
From FY2023 to FY2025, revenue rose17.8% while free cash flow rose51.8% ; that divergence indicates improving cash capture rather than sales growth alone. In FY2025, operating cash flow reached184.0% of net income and capital expenditures consumed22.4% of operating cash flow, so accounting earnings converted into cash after reinvestment.
Financing structure changed more dramatically than operations: FY2025 current ratio was 1.9x, indicating current assets exceeded near-term obligations. Meanwhile, liabilities rose
Gross economics remained stable, but bottom-line conversion weakened. Gross margin reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Qnity Electronics, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Qnity Electronics, Inc.'s revenue grew 9.7% year-over-year to $4.8B, a solid pace of expansion. This earns a growth score of 61/100.
Qnity Electronics, Inc. has a moderate D/E ratio of 0.56. This balance of debt and equity financing earns a leverage score of 58/100.
Qnity Electronics, Inc.'s current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.
Qnity Electronics, Inc. converts 20.8% of revenue into free cash flow ($988.0M). This strong cash generation earns a score of 85/100.
Qnity Electronics, Inc. earns a strong 9.8% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is up from 6.5% the prior year.
Qnity Electronics, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Qnity Electronics, Inc. generates $1.84 in operating cash flow ($1.3B OCF vs $692.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Qnity Electronics, Inc. generated $1.4B in revenue in Q2 2026. This represents an increase of 22.1% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
Qnity Electronics, Inc. reported $124.0M in net income in Q2 2026. This represents a decrease of 34.0% from the same quarter a year earlier. Against the prior quarter it is down 17.9%.
Qnity Electronics, Inc. earned $0.59 per diluted share (EPS) in Q2 2026. This represents a decrease of 34.4% from the same quarter a year earlier. Against the prior quarter it is down 18.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
Qnity Electronics, Inc. generated $151.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 32.6% from the same quarter a year earlier. Against the prior quarter it is up 1061.5%.
Qnity Electronics, Inc. held $961.0M in cash against $4.0B in long-term debt as of Q2 2026.
Qnity Electronics, Inc. paid $0.08 per share in dividends in Q2 2026.
Margins & Returns
Qnity Electronics, Inc.'s gross margin was 46.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.
Qnity Electronics, Inc.'s net profit margin was 8.7% in Q2 2026, showing the share of revenue converted to profit. This is down 7.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.8 percentage points.
Qnity Electronics, Inc.'s quarterly ROE was 1.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is down 0.4 percentage points.
Not reported for Q2 2026.
Capital Allocation
Qnity Electronics, Inc. invested $98.0M in research and development in Q2 2026. This represents an increase of 11.4% from the same quarter a year earlier. Against the prior quarter it is up 4.3%.
Qnity Electronics, Inc. spent $25.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. It is unchanged from the prior quarter.
Qnity Electronics, Inc. invested $90.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 83.7% from the same quarter a year earlier. Against the prior quarter it is down 26.2%.
Q Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B+22.1% | $1.3B+17.6% | $1.2B | $1.3B+11.1% | $1.2B | $1.1B | N/A | $1.1B |
| Cost of Revenue | $763.0M+21.1% | $697.0M+18.7% | $641.0M | $701.0M+15.1% | $630.0M | $587.0M | N/A | $609.0M |
| Gross Profit | $666.0M+23.3% | $618.0M+16.4% | $549.0M | $575.0M+6.7% | $540.0M | $531.0M | N/A | $539.0M |
| R&D Expenses | $98.0M+11.4% | $94.0M+11.9% | $90.0M | $92.0M+13.6% | $88.0M | $84.0M | N/A | $81.0M |
| SG&A Expenses | $200.0M+29.9% | $173.0M+23.6% | $167.0M | $159.0M+1.9% | $154.0M | $140.0M | N/A | $156.0M |
| Interest Expense | $61.0Mn/m | $61.0Mn/m | $51.0M | $14.0Mn/m | $0 | $0 | N/A | $0 |
| Income Tax | $63.0M+10.5% | $56.0M+19.1% | $80.0M | $49.0M+14.0% | $57.0M | $47.0M | N/A | $43.0M |
| Net Income | $124.0M-34.0% | $151.0M-21.8% | $100.0M | $211.0M+6.0% | $188.0M | $193.0M | N/A | $199.0M |
| EPS (Basic) | $0.59-34.4% | $0.72-21.7% | $0.47-53.5% | $1.01+6.3% | $0.90 | $0.92 | $1.01 | $0.95 |
| EPS (Diluted) | $0.59-34.4% | $0.72-21.7% | $0.47-53.5% | $1.01+6.3% | $0.90 | $0.92 | $1.01 | $0.95 |
| Diluted Shares (Avg) | 210M+0.4% | 210M+0.4% | N/A | 209M0.0% | 209M | 209M | N/A | 209M |
Not reported in any period shown, so not listed: Operating Income, EBITDA.
Q Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.3B | $14.1B | $14.1B+14.6% | $12.5B | N/A | N/A | $12.3B | N/A |
| Current Assets | $2.9B | $2.7B | $2.6B+77.9% | $1.6B | N/A | N/A | $1.5B | N/A |
| Cash & Equivalents | $961.0M | $857.0M | $915.0M+451.2% | $128.0M | N/A | N/A | $166.0M | N/A |
| Short-Term Investments | $0 | $0 | $0n/m | $0 | N/A | N/A | $0 | N/A |
| Inventory | $730.0M | $696.0M | $661.0M+10.7% | $647.0M | N/A | N/A | $597.0M | N/A |
| Accounts Receivable | N/A | N/A | $656.0M+13.1% | N/A | N/A | N/A | $580.0M | N/A |
| Long-Term Investments | $0 | $0 | $0n/m | $0 | N/A | N/A | $0 | N/A |
| Goodwill | $7.5B | $7.5B | $7.5B+1.9% | $7.5B | N/A | N/A | $7.4B | N/A |
| Total Liabilities | $6.8B | $6.6B | $6.7B+386.9% | $3.1B | N/A | N/A | $1.4B | N/A |
| Current Liabilities | $1.4B | $1.3B | $1.4B+61.6% | $910.0M | N/A | N/A | $839.0M | N/A |
| Non-Current Liabilities | $5.3B | $5.3B | $5.3B+894.1% | $2.2B | N/A | N/A | $538.0M | N/A |
| Long-Term Debt | $4.0B | $4.0B | $4.0Bn/m | $1.7B | N/A | N/A | $0 | N/A |
| Total Equity | $7.3B | $7.2B | $7.1B-33.3% | $9.1B | N/A | N/A | $10.6B | N/A |
| Retained Earnings | $260.0M | $170.0M | $18.0Mn/m | N/A | N/A | N/A | $0 | N/A |
Q Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $241.0M-11.7% | $135.0M-34.8% | $491.0M+71.7% | $302.0M | $273.0M | $207.0M | $286.0M | N/A |
| Depreciation & Amortization | $97.0M+5.4% | $98.0M+4.3% | $96.0M-1.0% | $94.0M-7.8% | $92.0M | $94.0M | $97.0M | $102.0M |
| Stock-Based Compensation | $15.0M+275.0% | $10.0M+150.0% | N/A | N/A | $4.0M | $4.0M | N/A | N/A |
| Capital Expenditures | $90.0M+83.7% | $122.0M+17.3% | $71.0M+7.6% | $61.0M | $49.0M | $104.0M | $66.0M | N/A |
| Free Cash Flow | $151.0M-32.6% | $13.0M-87.4% | $420.0M+90.9% | $241.0M | $224.0M | $103.0M | $220.0M | N/A |
| Investing Cash Flow | -$82.0Mn/m | -$123.0Mn/m | -$71.0Mn/m | -$61.0M | -$49.0M | -$104.0M | -$39.0M | N/A |
| Financing Cash Flow | -$50.0Mn/m | -$59.0Mn/m | $368.0Mn/m | -$286.0M | -$221.0M | -$109.0M | -$224.0M | N/A |
| Dividends Paid | $34.0Mn/m | $17.0Mn/m | N/A | N/A | $0 | $0 | N/A | N/A |
| Share Buybacks | $25.0Mn/m | $25.0Mn/m | N/A | N/A | $0 | $0 | N/A | N/A |
Q Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.6%+0.5pp | 47.0%-0.5pp | 46.1% | 45.1%-1.9pp | 46.2% | 47.5% | N/A | 46.9% |
| Net Margin | 8.7%-7.4pp | 11.5%-5.8pp | 8.4% | 16.5%-0.8pp | 16.1% | 17.3% | N/A | 17.3% |
| Return on Equity | 1.7% | 2.1% | 1.4% | 2.3% | N/A | N/A | N/A | N/A |
| Return on Assets | 0.9% | 1.1% | 0.7% | 1.7% | N/A | N/A | N/A | N/A |
| Current Ratio | 2.01 | 2.12 | 1.95+0.2x | 1.78 | N/A | N/A | 1.77 | N/A |
| Debt-to-Equity | 0.55 | 0.56 | 0.56+0.6x | 0.19 | N/A | N/A | 0.00 | N/A |
| Liabilities-to-Equity | 0.93 | 0.92 | 0.94+0.8x | 0.34 | N/A | N/A | 0.13 | N/A |
| Asset Turnover | 0.10 | 0.09 | 0.08 | 0.10 | N/A | N/A | N/A | N/A |
| FCF Margin | 10.6%-8.6pp | 1.0%-8.2pp | 35.3% | 18.9% | 19.1% | 9.2% | N/A | N/A |
Not reported in any period shown, so not listed: Operating Margin.
Where Qnity Electronics, Inc. Ranks
Frequently Asked Questions
What is Qnity Electronics, Inc.'s annual revenue?
Qnity Electronics, Inc. (Q) reported $4.8B in total revenue for fiscal year 2025. This represents a 9.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Qnity Electronics, Inc.'s revenue growing?
Qnity Electronics, Inc. (Q) revenue grew by 9.7% year-over-year, from $4.3B to $4.8B in fiscal year 2025.
Is Qnity Electronics, Inc. profitable?
Yes, Qnity Electronics, Inc. (Q) reported a net income of $586.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $692.0M, with a net profit margin of 14.6%.
How much debt does Qnity Electronics, Inc. have?
As of fiscal year 2025, Qnity Electronics, Inc. (Q) had $915.0M in cash and equivalents against $4.0B in long-term debt.
What is Qnity Electronics, Inc.'s gross margin?
Qnity Electronics, Inc. (Q) had a gross margin of 46.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Qnity Electronics, Inc.'s net profit margin?
Qnity Electronics, Inc. (Q) had a net profit margin of 14.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Qnity Electronics, Inc. pay dividends?
Yes, Qnity Electronics, Inc. (Q) paid $0.14 per share in dividends during fiscal year 2025.
What is Qnity Electronics, Inc.'s return on equity (ROE)?
Qnity Electronics, Inc. (Q) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Qnity Electronics, Inc.'s free cash flow?
Qnity Electronics, Inc. (Q) generated $988.0M in free cash flow during fiscal year 2025. This represents a 14.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Qnity Electronics, Inc.'s operating cash flow?
Qnity Electronics, Inc. (Q) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Qnity Electronics, Inc.'s total assets?
Qnity Electronics, Inc. (Q) had $14.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Qnity Electronics, Inc.'s capital expenditures?
Qnity Electronics, Inc. (Q) invested $285.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Qnity Electronics, Inc. spend on research and development?
Qnity Electronics, Inc. (Q) invested $354.0M in research and development during fiscal year 2025.
What is Qnity Electronics, Inc.'s current ratio?
Qnity Electronics, Inc. (Q) had a current ratio of 1.95 as of fiscal year 2025, which is generally considered healthy.
What is Qnity Electronics, Inc.'s debt-to-equity ratio?
Qnity Electronics, Inc. (Q) had a debt-to-equity ratio of 0.56 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Qnity Electronics, Inc.'s liabilities-to-equity ratio?
Qnity Electronics, Inc. (Q) had a liabilities-to-equity ratio of 0.94 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Qnity Electronics, Inc.'s return on assets (ROA)?
Qnity Electronics, Inc. (Q) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Qnity Electronics, Inc.'s P/E ratio?
Qnity Electronics, Inc. (Q) trades at 40.7x earnings, its market capitalization divided by $586.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $23.9B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Qnity Electronics, Inc.'s price-to-sales ratio?
Qnity Electronics, Inc. (Q) trades at 4.6x sales, its market capitalization divided by $5.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $23.9B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Qnity Electronics, Inc.'s Piotroski F-Score?
Qnity Electronics, Inc. (Q) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Qnity Electronics, Inc.'s earnings high quality?
Qnity Electronics, Inc. (Q) has an earnings quality ratio of 1.84x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Qnity Electronics, Inc.?
Qnity Electronics, Inc. (Q) scores 69 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.