What is Qnity Electronics Inc's earnings per share (EPS)?

Qnity Electronics Inc (Q) reported diluted earnings per share of $3.30 for fiscal year 2025. This represents a -0.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Qnity Electronics Inc Financials

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Qnity Electronics Inc (Q) financial statements, including the 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).

Rhea AI Q FY2025 2026-05-12

Cash conversion is strengthening while new leverage reshapes the balance sheet more sharply than the business model itself.

Net income increased less than 1.0% in FY2025 even though revenue rose 9.7%, which can make the business look flatter than it really was. Because gross margin held near 46% and operating cash flow reached $1.27B, the earnings pause looks more like financing and tax pressure below the operating line than deterioration in the core sales engine.

Cash generation has improved faster than accounting profit across the last three years, a pattern that usually signals better earnings quality because less of the profit is being absorbed by day-to-day balance-sheet needs. Operating cash flow reached $1.27B in FY2025 after rising for two straight years, and free cash flow margin reached 20.8%, reinforcing that current sales do not appear to require unusually heavy maintenance reinvestment.

The capital structure changed far more than the operating model in FY2025, with long-term debt moving from $0 to $4.1B, which can alter return metrics even if product economics are unchanged. Goodwill at $7.52B sat slightly above total equity of $7.1B, leaving book value more dependent on intangible assets.

Financial Health Signals

Financial Profile 46/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Growth

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 48/100.

Leverage

Qnity Electronics Inc carries a low D/E ratio of 0.58, meaning only $0.58 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Qnity Electronics Inc's current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Qnity Electronics Inc converts 20.8% of revenue into free cash flow ($988.0M). This strong cash generation earns a score of 74/100.

Returns

Qnity Electronics Inc generates a 10.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from 6.8% the prior year.

Piotroski F-Score Neutral

5/9

Qnity Electronics Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.75x

For every $1 of reported earnings, Qnity Electronics Inc generates $1.75 in operating cash flow ($1.3B OCF vs $729.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.8B

YoY+9.7%

Qnity Electronics Inc generated $4.8B in revenue in fiscal year 2025. This represents an increase of 9.7% from the prior year.

EBITDA

N/A

Net Income

$729.0M

YoY+0.7%

Qnity Electronics Inc reported $729.0M in net income in fiscal year 2025. This represents an increase of 0.7% from the prior year.

EPS (Diluted)

$3.30

YoY-0.3%

Qnity Electronics Inc earned $3.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$988.0M

YoY+14.8%

Qnity Electronics Inc generated $988.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 14.8% from the prior year.

Cash & Debt

$915.0M

YoY+451.2%

Qnity Electronics Inc held $915.0M in cash against $4.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.14

Qnity Electronics Inc paid $0.14 per share in dividends in fiscal year 2025.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

46.2%

YoY+0.1pp

Qnity Electronics Inc's gross margin was 46.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin

N/A

Net Margin

15.3%

YoY-1.4pp

Qnity Electronics Inc's net profit margin was 15.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.4 percentage points from the prior year.

Return on Equity

10.3%

YoY+3.5pp

Qnity Electronics Inc's ROE was 10.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.

Capital Allocation

R&D Spending

$354.0M

YoY+12.7%

Qnity Electronics Inc invested $354.0M in research and development in fiscal year 2025. This represents an increase of 12.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$285.0M

YoY+42.5%

Qnity Electronics Inc invested $285.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 42.5% from the prior year.

Q Income Statement

Metric	FY25	FY24	FY23
Revenue	$4.8B+9.7%	$4.3B+7.4%	$4.0B
Cost of Revenue	$2.6B+9.4%	$2.3B+2.6%	$2.3B
Gross Profit	$2.2B+10.0%	$2.0B+13.7%	$1.8B
R&D Expenses	$354.0M+12.7%	$314.0M+3.6%	$303.0M
SG&A Expenses	$620.0M+2.8%	$603.0M+13.1%	$533.0M
Operating Income	N/A	N/A	N/A
Interest Expense	$65.0M	$0	$0
Income Tax	$233.0M+31.6%	$177.0M+78.8%	$99.0M
Net Income	$729.0M+0.7%	$724.0M+35.8%	$533.0M
EPS (Diluted)	$3.30-0.3%	$3.31+36.8%	$2.42

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Revenue	$1.3B	N/A	$1.3B+14.1%	$1.1B	N/A	$1.1B
Cost of Revenue	$697.0M	N/A	$701.0M+19.4%	$587.0M	N/A	$609.0M
Gross Profit	$618.0M	N/A	$575.0M+8.3%	$531.0M	N/A	$539.0M
R&D Expenses	$94.0M	N/A	$92.0M+9.5%	$84.0M	N/A	$81.0M
SG&A Expenses	$173.0M	N/A	$159.0M+13.6%	$140.0M	N/A	$156.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$61.0M	N/A	$14.0M	$0	N/A	$0
Income Tax	$56.0M	N/A	$49.0M+4.3%	$47.0M	N/A	$43.0M
Net Income	$162.0M	N/A	$211.0M+6.0%	$199.0M	N/A	$199.0M
EPS (Diluted)	$0.72	N/A	$1.01+9.8%	$0.92	N/A	$0.95

Q Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$14.1B+14.6%	$12.3B	N/A
Current Assets	$2.6B+77.9%	$1.5B	N/A
Cash & Equivalents	$915.0M+451.2%	$166.0M	N/A
Inventory	$661.0M+10.7%	$597.0M	N/A
Accounts Receivable	$656.0M+13.1%	$580.0M	N/A
Goodwill	$7.5B+1.9%	$7.4B-1.0%	$7.5B
Total Liabilities	$6.7B+386.9%	$1.4B	N/A
Current Liabilities	$1.4B+61.6%	$839.0M	N/A
Long-Term Debt	$4.1B	$0	N/A
Total Equity	$7.1B-33.3%	$10.6B-4.8%	$11.2B
Retained Earnings	$18.0M	$0	N/A

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Total Assets	$14.1B0.0%	$14.1B+12.5%	$12.5B	N/A	$12.3B	N/A
Current Assets	$2.7B+1.7%	$2.6B+62.7%	$1.6B	N/A	$1.5B	N/A
Cash & Equivalents	$857.0M-6.3%	$915.0M+614.8%	$128.0M	N/A	$166.0M	N/A
Inventory	$696.0M+5.3%	$661.0M+2.2%	$647.0M	N/A	$597.0M	N/A
Accounts Receivable	N/A	$656.0M	N/A	N/A	$580.0M	N/A
Goodwill	$7.5B-0.1%	$7.5B+0.3%	$7.5B	N/A	$7.4B	N/A
Total Liabilities	$6.6B-1.5%	$6.7B+114.5%	$3.1B	N/A	$1.4B	N/A
Current Liabilities	$1.3B-6.9%	$1.4B+49.0%	$910.0M	N/A	$839.0M	N/A
Long-Term Debt	$4.0B-2.4%	$4.1B+138.1%	$1.7B	N/A	$0	N/A
Total Equity	$7.2B+1.3%	$7.1B-22.2%	$9.1B-17.4%	$11.0B+3.7%	$10.6B-3.9%	$11.1B
Retained Earnings	$170.0M+844.4%	$18.0M	N/A	N/A	$0	N/A

Q Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	$1.3B+20.0%	$1.1B+20.3%	$882.0M
Capital Expenditures	$285.0M+42.5%	$200.0M-13.4%	$231.0M
Free Cash Flow	$988.0M+14.8%	$861.0M+32.3%	$651.0M
Investing Cash Flow	-$285.0M-65.7%	-$172.0M+23.9%	-$226.0M
Financing Cash Flow	-$248.0M+70.8%	-$848.0M-35.0%	-$628.0M
Dividends Paid	$13.0M	$0	$0
Share Buybacks	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$135.0M-72.5%	$491.0M	N/A	$207.0M-27.6%	$286.0M	N/A
Capital Expenditures	$122.0M+71.8%	$71.0M	N/A	$104.0M+57.6%	$66.0M	N/A
Free Cash Flow	$13.0M-96.9%	$420.0M	N/A	$103.0M-53.2%	$220.0M	N/A
Investing Cash Flow	-$123.0M-73.2%	-$71.0M	N/A	-$104.0M-166.7%	-$39.0M	N/A
Financing Cash Flow	-$59.0M-116.0%	$368.0M	N/A	-$109.0M+51.3%	-$224.0M	N/A
Dividends Paid	$17.0M	N/A	N/A	$0	N/A	N/A
Share Buybacks	$25.0M	N/A	N/A	$0	N/A	N/A

Q Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	46.2%+0.1pp	46.0%+2.5pp	43.5%
Operating Margin	N/A	N/A	N/A
Net Margin	15.3%-1.4pp	16.7%+3.5pp	13.2%
Return on Equity	10.3%+3.5pp	6.8%+2.0pp	4.8%
Return on Assets	5.2%-0.7pp	5.9%	N/A
Current Ratio	1.95+0.2	1.77	N/A
Debt-to-Equity	0.58+0.6	0.00	N/A
FCF Margin	20.8%+0.9pp	19.9%+3.7pp	16.1%

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Gross Margin	47.0%	N/A	45.1%-2.4pp	47.5%	N/A	46.9%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.3%	N/A	16.5%-1.3pp	17.8%	N/A	17.3%
Return on Equity	2.3%	N/A	2.3%+0.5pp	1.8%	N/A	1.8%
Return on Assets	1.1%	N/A	1.7%	N/A	N/A	N/A
Current Ratio	2.12+0.2	1.95+0.2	1.78	N/A	1.77	N/A
Debt-to-Equity	0.56-0.0	0.58+0.4	0.19	N/A	0.00	N/A
FCF Margin	1.0%	N/A	N/A	9.2%	N/A	N/A

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 $729.0M in fiscal year 2025, with a net profit margin of 15.3%.

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 $4.1B 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 15.3% 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 10.3% 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 0.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Qnity Electronics Inc's return on assets (ROA)?

Qnity Electronics Inc (Q) had a return on assets of 5.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Qnity Electronics Inc's Piotroski F-Score?

Qnity Electronics Inc (Q) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 1.75x, 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 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.