Overview
Qnity Electronics, Inc.
Latest 10-K: FY2025, filed Feb 26, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $4.75B
- 9.7%YoYup from FY2024
- TotalRevenue
- Gross profit
- $2.19B
- 10.0%YoYup from FY2024
- GrossProfit
- Net income
- $0.69B
- 0.1%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $3.30
- 0.3%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 209.8M
- 0.2%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Qnity Electronics, Inc. reported revenue of $4.75B for fiscal 2025, up 9.7% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 2 of the last 2 fiscal years.
Profitability
- Net margin was 14.6%, against a median of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.30, down 0.3% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
3 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | 2Y CAGR |
|---|---|---|---|---|
| Revenue | $4.75B9.7%up Benchmark median 6.4% | $4.33B7.4%up Benchmark median 4.5% | $4.04B Benchmark median 4.8% | 8.5% |
| Gross Profit Median of 315 / 498 | $2.19B10.0%up Benchmark median 6.8% | $2.00B13.7%up Benchmark median 5.5% | $1.75B Benchmark median 5.2% | 11.8% |
| Operating Income Median of 373 / 498 | — | — | — | — |
| Net Income | $692.00M§0.1%down Benchmark median 4.8% | $693.00M§36.7%up Benchmark median 5.7% | $507.00M§ Benchmark median 1.9% | 16.8% |
| EPS (Diluted) | $3.300.3%down Benchmark median 6.2% | $3.3136.8%up Benchmark median 7.9% | $2.42 Benchmark median 1.9% | 16.8% |
§ Net income available to common stockholders; the company files no net-income line.
Balance Sheet
3 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | 2Y CAGR |
|---|---|---|---|---|
| Total Assets | $14.07B14.6%up Benchmark median 5.6% | $12.27B Benchmark median 3.4% | — | — |
| Total Liabilities Median of 357 / 498 | $6.70B386.9%up Benchmark median 6.4% | $1.38B Benchmark median 1.9% | — | — |
| Stockholders' Equity | $7.37B32.4%down Benchmark median 6.8% | $10.90B2.6%down Benchmark median 5.4% | $11.18B Benchmark median 7.3% | -18.8% |
| Cash & Equivalents | $915.00M451.2%up Benchmark median 5.2% | $166.00M Benchmark median 1.9% | — | — |
| Total Debt | $4.03Bn/m Benchmark median 2.1% | $0.00B Benchmark median 0.2% | — | — |
Cash Flow Statement
3 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | 2Y CAGR |
|---|---|---|---|---|
| Operating Cash Flow | $1.27B20.0%up Benchmark median 6.3% | $1.06B20.3%up Benchmark median 4.8% | $0.88B Benchmark median 9.9% | 20.1% |
| Capital Expenditures | $285.00M42.5%up Benchmark median 5.4% | $200.00M13.4%down Benchmark median 2.8% | $231.00M Benchmark median 11.3% | 11.1% |
| Free Cash Flow Median of 378 / 498 | $988.00M14.8%up Benchmark median 7.3% | $861.00M32.3%up Benchmark median 6.1% | $651.00M Benchmark median 8.8% | 23.2% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
4.0%
Wall Street
on net earnings
FY2024 — Not reported
5.8%
Value investor
on free cash flow
FY2024 — Not reported
Gap +1.8 pts: Value-investor figure 1.8 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 24.7×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
43.0%
Wall Street
on book equity
FY2024 — Not reported
n/m
Value investor
on tangible book
FY2024 — Not reported
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 2.3×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
7.6%
Wall Street
ROE: net income ÷ equity
FY2024 6.4%
— Not reported
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 — Not reported
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
— Not reported
Wall Street
EBITDA margin
FY2024 — Not reported
20.8%
Value investor
Free-cash-flow margin
FY2024 19.9%
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.95×
Wall Street
Current ratio
FY2024 1.77×
1.46×
Value investor
Quick ratio, inventory excluded
FY2024 1.06×
Gap −0.49×: Value-investor figure 0.49 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
— Not reported
Wall Street
EBITDA ÷ total debt
FY2024 No debt
0.25×
Value investor
FCF ÷ total debt
FY2024 No debt
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 3 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on Q yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on Q and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/Q
Valuein. (2026, October 31). Qnity Electronics, Inc. (Q) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/Q
@misc{valuein_q_2026,
author = {{Valuein}},
title = {Qnity Electronics, Inc. (Q) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/Q}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 26, 2026 · accession 0002058873-26-000010
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point-in-time · survivorship-free · every number traceable to its SEC filing
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