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Qnity Electronics (Q) Financials

Qnity Electronics logo
$142.08 -0.51 (-0.36%)
Closing price 03:59 PM Eastern
Extended Trading
$142.10 +0.02 (+0.01%)
As of 07:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Qnity Electronics

Annual Income Statements for Qnity Electronics

This table shows Qnity Electronics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 507 693 692
Consolidated Net Income / (Loss)		 533 724 729
Net Income / (Loss) Continuing Operations		 533 724 729
Total Pre-Tax Income 		632 901 962
Total Operating Income		 605 839 969
Total Gross Profit		 1,755 1,996 2,195
Total Revenue		 4,035 4,335 4,754
Operating Revenue		 4,035 4,335 4,754
Total Cost of Revenue		 2,280 2,339 2,559
Operating Cost of Revenue		 2,280 2,339 2,559
Total Operating Expenses		 1,150 1,157 1,226
Selling, General & Admin Expense		 533 603 620
Research & Development Expense		 303 314 354
Amortization Expense		 262 232 207
Restructuring Charge		 52 8.00 45
Total Other Income / (Expense), net		 27 62 -7.00
Interest Expense		 0.00 0.00 65
Interest & Investment Income		 16 37 47
Other Income / (Expense), net		 11 25 11
Income Tax Expense		 99 177 233
Net Income / (Loss) Attributable to Noncontrolling Interest		 26 31 37
Basic Earnings per Share		 $2.42 $3.31 $3.30
Weighted Average Basic Shares Outstanding		 209.40M 209.40M 209.60M
Diluted Earnings per Share		 $2.42 $3.31 $3.30
Weighted Average Diluted Shares Outstanding		 209.40M 209.40M 209.80M
Weighted Average Basic & Diluted Shares Outstanding		 - - 209.66M
Cash Dividends to Common per Share		 - - $0.14

Quarterly Income Statements for Qnity Electronics

This table shows Qnity Electronics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 199 193 188 211 151 124
Consolidated Net Income / (Loss)		 207 199 198 223 162 136
Net Income / (Loss) Continuing Operations		 207 199 198 223 162 136
Total Pre-Tax Income 		250 246 255 272 218 199
Total Operating Income		 241 252 248 272 299 318
Total Gross Profit		 539 531 540 575 618 666
Total Revenue		 1,148 1,118 1,170 1,276 1,315 1,429
Operating Revenue		 1,148 1,118 1,170 1,276 1,315 1,429
Total Cost of Revenue		 609 587 630 701 697 763
Operating Cost of Revenue		 609 587 630 701 697 763
Total Operating Expenses		 298 279 292 303 319 348
Selling, General & Admin Expense		 156 140 154 159 173 200
Research & Development Expense		 81 84 88 92 94 98
Amortization Expense		 57 55 50 51 52 50
Total Other Income / (Expense), net		 9.00 -6.00 7.00 0.00 -81 -119
Interest Expense		 0.00 17 2.00 14 61 61
Interest & Investment Income		 10 9.00 13 15 13 11
Other Income / (Expense), net		 -1.00 2.00 -4.00 -1.00 -33 -69
Income Tax Expense		 43 47 57 49 56 63
Net Income / (Loss) Attributable to Noncontrolling Interest		 8.00 6.00 10 12 11 12
Basic Earnings per Share		 $0.95 $0.92 $0.90 $1.01 $0.72 $0.59
Weighted Average Basic Shares Outstanding		 209M 209.40M 209.40M 209M 209.70M 209.50M
Diluted Earnings per Share		 $0.95 $0.92 $0.90 $1.01 $0.72 $0.59
Weighted Average Diluted Shares Outstanding		 209M 209.40M 209.40M 209M 210.30M 210.20M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 209.46M 209.34M 209.21M

Annual Cash Flow Statements for Qnity Electronics

This table details how cash moves in and out of Qnity Electronics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 24 27 749
Net Cash From Operating Activities		 882 1,061 1,273
Net Cash From Continuing Operating Activities		 882 1,061 1,273
Net Income / (Loss) Continuing Operations		 533 724 729
Consolidated Net Income / (Loss)		 533 724 729
Depreciation Expense		 141 162 169
Amortization Expense		 262 232 207
Non-Cash Adjustments To Reconcile Net Income		 154 -74 -18
Changes in Operating Assets and Liabilities, net		 -208 17 186
Net Cash From Investing Activities		 -226 -172 -285
Net Cash From Continuing Investing Activities		 -226 -172 -285
Purchase of Property, Plant & Equipment		 -231 -200 -285
Divestitures		 5.00 15 0.00
Other Investing Activities, net		 0.00 13 0.00
Net Cash From Financing Activities		 -628 -848 -248
Net Cash From Continuing Financing Activities		 -628 -848 -248
Repayment of Debt		 0.00 0.00 -88
Payment of Dividends		 -18 -17 -34
Issuance of Debt		 0.00 0.00 4,100
Issuance of Preferred Equity		 0.00 0.00 2.00
Issuance of Common Equity		 0.00 0.00 1.00
Other Financing Activities, net		 -610 -831 -4,229
Effect of Exchange Rate Changes		 -4.00 -14 9.00
Cash Interest Paid		 0.00 0.00 0.00
Cash Income Taxes Paid		 80 62 94

Quarterly Cash Flow Statements for Qnity Electronics

This table details how cash moves in and out of Qnity Electronics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q1 2025 Q2 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 11 -4.00 17 787 -58 104
Net Cash From Operating Activities		 286 207 273 491 135 241
Net Cash From Continuing Operating Activities		 286 207 273 491 135 241
Net Income / (Loss) Continuing Operations		 221 199 198 109 162 136
Consolidated Net Income / (Loss)		 221 199 198 109 162 136
Depreciation Expense		 42 39 42 45 46 47
Amortization Expense		 55 55 50 51 52 50
Non-Cash Adjustments To Reconcile Net Income		 26 -23 -12 18 -37 -31
Changes in Operating Assets and Liabilities, net		 -58 -63 -5.00 268 -88 39
Net Cash From Investing Activities		 -39 -104 -49 -71 -123 -82
Net Cash From Continuing Investing Activities		 -39 -104 -49 -71 -123 -82
Purchase of Property, Plant & Equipment		 -66 -104 -49 -71 -122 -90
Other Investing Activities, net		 12 0.00 - - -1.00 2.00
Net Cash From Financing Activities		 -224 -109 -221 368 -59 -50
Net Cash From Continuing Financing Activities		 -224 -109 -221 368 -59 -50
Repayment of Debt		 - 0.00 - -54 -6.00 -6.00
Repurchase of Common Equity		 - 0.00 - - -25 -25
Payment of Dividends		 -4.00 -5.00 -3.00 -13 -23 -17
Other Financing Activities, net		 -220 -104 -218 -1,918 -5.00 -2.00
Effect of Exchange Rate Changes		 -12 2.00 14 -1.00 -11 -5.00

Annual Balance Sheets for Qnity Electronics

This table presents Qnity Electronics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets		 12,273 14,070
Total Current Assets		 1,483 2,638
Cash & Equivalents		 166 915
Accounts Receivable		 682 992
Inventories, net		 597 661
Prepaid Expenses		 38 70
Plant, Property, & Equipment, net		 1,548 1,701
Total Noncurrent Assets		 9,242 9,731
Long-Term Investments		 394 402
Goodwill		 7,379 7,522
Intangible Assets		 1,286 1,111
Noncurrent Deferred & Refundable Income Taxes		 42 42
Other Noncurrent Operating Assets		 141 654
Total Liabilities & Shareholders' Equity		 12,273 14,070
Total Liabilities		 1,377 6,704
Total Current Liabilities		 839 1,356
Short-Term Debt		 0.00 24
Accounts Payable		 528 680
Accrued Expenses		 150 502
Current Deferred & Payable Income Tax Liabilities		 161 150
Total Noncurrent Liabilities		 538 5,348
Long-Term Debt		 0.00 4,003
Noncurrent Deferred & Payable Income Tax Liabilities		 259 273
Noncurrent Employee Benefit Liabilities		 65 80
Other Noncurrent Operating Liabilities		 214 992
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 10,896 7,366
Total Preferred & Common Equity		 10,644 7,095
Preferred Stock		 0.00 2.00
Total Common Equity		 10,644 7,093
Common Stock		 0.00 7,288
Retained Earnings		 0.00 18
Accumulated Other Comprehensive Income / (Loss)		 -414 -213
Noncontrolling Interest		 252 271

Quarterly Balance Sheets for Qnity Electronics

This table presents Qnity Electronics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2025 3/31/2026 6/30/2026
Total Assets		 12,512 14,063 14,331
Total Current Assets		 1,621 2,682 2,896
Cash & Equivalents		 128 857 961
Accounts Receivable		 802 1,039 1,138
Inventories, net		 647 696 730
Prepaid Expenses		 44 90 67
Plant, Property, & Equipment, net		 1,622 1,692 1,777
Total Noncurrent Assets		 9,269 9,689 9,658
Long-Term Investments		 433 417 427
Goodwill		 7,497 7,514 7,518
Intangible Assets		 1,160 1,061 1,015
Noncurrent Deferred & Refundable Income Taxes		 44 40 38
Other Noncurrent Operating Assets		 135 657 660
Total Liabilities & Shareholders' Equity		 12,512 14,063 14,331
Total Liabilities		 3,125 6,602 6,785
Total Current Liabilities		 910 1,263 1,442
Short-Term Debt		 - 23 23
Accounts Payable		 590 699 790
Accrued Expenses		 166 379 509
Current Deferred & Payable Income Tax Liabilities		 154 162 120
Total Noncurrent Liabilities		 2,215 5,339 5,343
Long-Term Debt		 1,722 4,000 3,997
Noncurrent Deferred & Payable Income Tax Liabilities		 189 259 228
Noncurrent Employee Benefit Liabilities		 71 80 80
Other Noncurrent Operating Liabilities		 233 1,000 1,038
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 9,387 7,461 7,546
Total Preferred & Common Equity		 9,123 7,186 7,261
Preferred Stock		 - 2.00 2.00
Total Common Equity		 9,123 7,184 7,259
Common Stock		 - 7,278 7,268
Retained Earnings		 - 170 260
Accumulated Other Comprehensive Income / (Loss)		 -224 -264 -269
Noncontrolling Interest		 264 275 285

Annual Metrics And Ratios for Qnity Electronics

This table displays calculated financial ratios and metrics derived from Qnity Electronics' official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - -
Revenue Growth		 0.00% 7.43% 9.67%
EBITDA Growth		 0.00% 23.45% 7.79%
EBIT Growth		 0.00% 40.26% 13.43%
NOPAT Growth		 0.00% 32.13% 8.92%
Net Income Growth		 0.00% 35.83% 0.69%
EPS Growth		 0.00% 36.78% -0.30%
Operating Cash Flow Growth		 0.00% 20.29% 19.98%
Free Cash Flow Firm Growth		 0.00% 0.00% 110.29%
Invested Capital Growth		 0.00% 0.00% -2.52%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00%
Profitability Metrics		 - - -
Gross Margin		 43.49% 46.04% 46.17%
EBITDA Margin		 25.25% 29.02% 28.52%
Operating Margin		 14.99% 19.35% 20.38%
EBIT Margin		 15.27% 19.93% 20.61%
Profit (Net Income) Margin		 13.21% 16.70% 15.33%
Tax Burden Percent		 84.34% 80.36% 75.78%
Interest Burden Percent		 102.60% 104.28% 98.16%
Effective Tax Rate		 15.66% 19.64% 24.22%
Return on Invested Capital (ROIC)		 0.00% 13.05% 7.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -4.75% 6.70%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.24% 0.79%
Return on Equity (ROE)		 0.00% 13.29% 7.98%
Cash Return on Invested Capital (CROIC)		 0.00% -186.95% 9.74%
Operating Return on Assets (OROA)		 0.00% 7.04% 7.44%
Return on Assets (ROA)		 0.00% 5.90% 5.53%
Return on Common Equity (ROCE)		 0.00% 12.98% 7.75%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 510 674 734
NOPAT Margin		 12.65% 15.55% 15.45%
Net Nonoperating Expense Percent (NNEP)		 0.00% 17.79% 0.49%
Return On Investment Capital (ROIC_SIMPLE)		 - 6.19% 6.45%
Cost of Revenue to Revenue		 56.51% 53.96% 53.83%
SG&A Expenses to Revenue		 13.21% 13.91% 13.04%
R&D to Revenue		 7.51% 7.24% 7.45%
Operating Expenses to Revenue		 28.50% 26.69% 25.79%
Earnings before Interest and Taxes (EBIT)		 616 864 980
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,019 1,258 1,356
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.00 0.00 2.41
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 3.60
Price to Earnings (P/E)		 0.00 0.00 24.74
Dividend Yield		 0.00% 0.00% 0.07%
Earnings Yield		 0.00% 0.00% 4.04%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 2.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 4.23
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 14.82
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 20.51
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 27.38
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 15.79
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 20.22
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.00 0.55
Long-Term Debt to Equity		 0.00 0.00 0.54
Financial Leverage		 0.00 -0.05 0.12
Leverage Ratio		 0.00 1.13 1.44
Compound Leverage Factor		 0.00 1.17 1.42
Debt to Total Capital		 0.00% 0.00% 35.35%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.21%
Long-Term Debt to Total Capital		 0.00% 0.00% 35.14%
Preferred Equity to Total Capital		 0.00% 0.00% 0.02%
Noncontrolling Interests to Total Capital		 0.00% 2.31% 2.38%
Common Equity to Total Capital		 0.00% 97.69% 62.26%
Debt to EBITDA		 0.00 0.00 2.97
Net Debt to EBITDA		 0.00 0.00 2.00
Long-Term Debt to EBITDA		 0.00 0.00 2.95
Debt to NOPAT		 0.00 0.00 5.48
Net Debt to NOPAT		 0.00 0.00 3.69
Long-Term Debt to NOPAT		 0.00 0.00 5.45
Altman Z-Score		 0.00 0.00 2.21
Noncontrolling Interest Sharing Ratio		 0.00% 2.31% 2.87%
Liquidity Ratios		 - - -
Current Ratio		 0.00 1.77 1.95
Quick Ratio		 0.00 1.01 1.41
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -9,662 994
Operating Cash Flow to CapEx		 381.82% 530.50% 446.67%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 15.30
Operating Cash Flow to Interest Expense		 0.00 0.00 19.58
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 15.20
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.35 0.36
Accounts Receivable Turnover		 0.00 6.36 5.68
Inventory Turnover		 0.00 3.92 4.07
Fixed Asset Turnover		 0.00 2.80 2.93
Accounts Payable Turnover		 0.00 4.43 4.24
Days Sales Outstanding (DSO)		 0.00 57.42 64.26
Days Inventory Outstanding (DIO)		 0.00 93.16 89.72
Days Payable Outstanding (DPO)		 0.00 82.39 86.15
Cash Conversion Cycle (CCC)		 0.00 68.19 67.83
Capital & Investment Metrics		 - - -
Invested Capital		 0.00 10,336 10,076
Invested Capital Turnover		 0.00 0.84 0.47
Increase / (Decrease) in Invested Capital		 0.00 10,336 -260
Enterprise Value (EV)		 0.00 0.00 20,102
Market Capitalization		 0.00 0.00 17,119
Book Value per Share		 $0.00 $50.83 $33.86
Tangible Book Value per Share		 $0.00 $9.45 ($7.35)
Total Capital		 0.00 10,896 11,393
Total Debt		 0.00 0.00 4,027
Total Long-Term Debt		 0.00 0.00 4,003
Net Debt		 0.00 -560 2,710
Capital Expenditures (CapEx)		 231 200 285
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 478 391
Debt-free Net Working Capital (DFNWC)		 0.00 644 1,306
Net Working Capital (NWC)		 0.00 644 1,282
Net Nonoperating Expense (NNE)		 -23 -50 5.30
Net Nonoperating Obligations (NNO)		 0.00 -560 2,710
Total Depreciation and Amortization (D&A)		 403 394 376
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 11.03% 8.22%
Debt-free Net Working Capital to Revenue		 0.00% 14.86% 27.47%
Net Working Capital to Revenue		 0.00% 14.86% 26.97%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $3.30
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 209.60M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $3.30
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 209.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 209.66M
Normalized Net Operating Profit after Tax (NOPAT)		 554 681 768
Normalized NOPAT Margin		 13.73% 15.70% 16.16%
Pre Tax Income Margin		 15.66% 20.78% 20.24%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 15.08
NOPAT to Interest Expense		 0.00 0.00 11.30
EBIT Less CapEx to Interest Expense		 0.00 0.00 10.69
NOPAT Less CapEx to Interest Expense		 0.00 0.00 6.91
Payout Ratios		 - - -
Dividend Payout Ratio		 3.38% 2.35% 4.66%
Augmented Payout Ratio		 3.38% 2.35% 4.66%

Quarterly Metrics And Ratios for Qnity Electronics

This table displays calculated financial ratios and metrics derived from Qnity Electronics' official financial filings.

Metric Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 0.00 0.00 0.00 0.00 209,658,907.00 209,339,207.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 209,658,907.00 209,339,207.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 0.72 0.59
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 11.15% 17.62% 22.14%
EBITDA Growth		 0.00% 0.00% 0.00% 8.42% 4.60% 2.98%
EBIT Growth		 0.00% 0.00% 0.00% 12.92% 4.72% 2.05%
NOPAT Growth		 0.00% 0.00% 0.00% 11.75% 9.00% 12.86%
Net Income Growth		 0.00% 0.00% 0.00% 7.73% -18.59% -31.31%
EPS Growth		 0.00% 0.00% 0.00% 6.32% -21.74% -34.44%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -34.78% -11.72%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 4.65% 0.00% 0.00% 8.67%
EBITDA Q/Q Growth		 0.00% 0.00% -3.45% 0.00% 0.00% -4.95%
EBIT Q/Q Growth		 0.00% 0.00% -3.94% 0.00% 0.00% -6.39%
NOPAT Q/Q Growth		 0.00% 0.00% -5.54% 0.00% 0.00% -2.19%
Net Income Q/Q Growth		 0.00% 0.00% -0.50% 0.00% 0.00% -16.05%
EPS Q/Q Growth		 0.00% 0.00% -2.17% 0.00% 0.00% -18.06%
Operating Cash Flow Q/Q Growth		 0.00% -27.62% 31.88% 0.00% -72.51% 78.52%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.27%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -0.31%
Profitability Metrics		 - - - - - -
Gross Margin		 46.95% 47.50% 46.15% 45.06% 47.00% 46.61%
EBITDA Margin		 25.87% 31.13% 28.72% 25.24% 27.68% 24.21%
Operating Margin		 20.99% 22.54% 21.20% 21.32% 22.74% 22.25%
EBIT Margin		 20.91% 22.72% 20.85% 21.24% 20.23% 17.42%
Profit (Net Income) Margin		 18.03% 17.80% 16.92% 17.48% 12.32% 9.52%
Tax Burden Percent		 82.80% 80.89% 77.65% 81.99% 74.31% 68.34%
Interest Burden Percent		 104.17% 96.85% 104.51% 100.37% 81.95% 79.92%
Effective Tax Rate		 17.20% 19.11% 22.35% 18.01% 25.69% 31.66%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 16.39% 15.57%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 12.01% 9.39%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 4.42% 3.28%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 20.81% 18.85%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 7.12% 6.33%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 4.34% 3.46%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 20.04% 18.13%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 200 204 193 223 222 217
NOPAT Margin		 17.38% 18.23% 16.46% 17.48% 16.90% 15.21%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 4.38% 6.18%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 2.01% 1.93% 1.88%
Cost of Revenue to Revenue		 53.05% 52.50% 53.85% 54.94% 53.00% 53.39%
SG&A Expenses to Revenue		 13.59% 12.52% 13.16% 12.46% 13.16% 14.00%
R&D to Revenue		 7.06% 7.51% 7.52% 7.21% 7.15% 6.86%
Operating Expenses to Revenue		 25.96% 24.96% 24.96% 23.75% 24.26% 24.35%
Earnings before Interest and Taxes (EBIT)		 240 254 244 271 266 249
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 297 348 336 322 364 346
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 3.38 4.73
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 4.90 6.59
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 37.33 58.58
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.12% 0.13%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 2.68% 1.71%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 2.67 3.66
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 5.51 7.15
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 19.89 26.95
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 27.51 37.36
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 36.25 47.80
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 22.72 31.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.18 0.54 0.53
Long-Term Debt to Equity		 0.00 0.00 0.00 0.18 0.54 0.53
Financial Leverage		 0.00 0.00 0.00 0.12 0.37 0.35
Leverage Ratio		 0.00 0.00 0.00 1.33 1.88 1.90
Compound Leverage Factor		 0.00 0.00 0.00 1.34 1.54 1.52
Debt to Total Capital		 0.00% 0.00% 0.00% 15.50% 35.03% 34.76%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.20% 0.20%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 15.50% 34.83% 34.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.02% 0.02%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 2.38% 2.39% 2.46%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 82.12% 62.56% 62.76%
Debt to EBITDA		 0.00 0.00 0.00 0.00 2.93 2.91
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 2.00 1.90
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 2.92 2.89
Debt to NOPAT		 0.00 0.00 0.00 0.00 5.34 5.16
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 3.65 3.38
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 5.31 5.13
Altman Z-Score		 0.00 0.00 0.00 0.00 2.76 3.60
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 3.71% 3.80%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 0.00 0.00 1.78 2.12 2.01
Quick Ratio		 0.00 0.00 0.00 1.02 1.50 1.46
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 -10,325 -9,988 -9,961
Operating Cash Flow to CapEx		 0.00% 199.04% 557.14% 0.00% 110.66% 267.78%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -737.50 -163.73 -163.29
Operating Cash Flow to Interest Expense		 0.00 12.18 136.50 0.00 2.21 3.95
Operating Cash Flow Less CapEx to Interest Expense		 0.00 6.06 112.00 0.00 0.21 2.48
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.35 0.36
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 4.77 4.58
Inventory Turnover		 0.00 0.00 0.00 0.00 3.83 3.84
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 2.93 2.93
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 3.82 3.55
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 76.60 79.73
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 95.18 95.09
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 95.59 102.91
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 76.19 71.91
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 0.00 0.00 10,548 10,210 10,178
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.97 1.02
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 10,548 10,210 10,178
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 27,290 37,247
Market Capitalization		 0.00 0.00 0.00 0.00 24,264 34,328
Book Value per Share		 $0.00 $0.00 $0.00 $43.65 $34.27 $34.68
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $2.23 ($6.63) ($6.09)
Total Capital		 0.00 0.00 0.00 11,109 11,484 11,566
Total Debt		 0.00 0.00 0.00 1,722 4,023 4,020
Total Long-Term Debt		 0.00 0.00 0.00 1,722 4,000 3,997
Net Debt		 0.00 0.00 0.00 1,161 2,749 2,632
Capital Expenditures (CapEx)		 0.00 104 49 0.00 122 90
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 583 585 516
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 711 1,442 1,477
Net Working Capital (NWC)		 0.00 0.00 0.00 711 1,419 1,454
Net Nonoperating Expense (NNE)		 -7.45 4.85 -5.44 0.00 60 81
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 1,161 2,749 2,632
Total Depreciation and Amortization (D&A)		 57 94 92 51 98 97
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 11.82% 9.90%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 29.13% 28.35%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 28.66% 27.91%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $1.01 $0.72 $0.59
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 209M 209.70M 209.50M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $1.01 $0.72 $0.59
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 209M 210.30M 210.20M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 209.46M 209.34M 209.21M
Normalized Net Operating Profit after Tax (NOPAT)		 203 204 193 224 222 217
Normalized NOPAT Margin		 17.67% 18.23% 16.46% 17.54% 16.90% 15.21%
Pre Tax Income Margin		 21.78% 22.00% 21.79% 21.32% 16.58% 13.93%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 14.94 122.00 19.36 4.36 4.08
NOPAT to Interest Expense		 0.00 11.99 96.28 15.93 3.64 3.56
EBIT Less CapEx to Interest Expense		 0.00 8.82 97.50 0.00 2.36 2.61
NOPAT Less CapEx to Interest Expense		 0.00 5.87 71.78 0.00 1.64 2.09
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 7.51% 10.48%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 7.51% 10.48%

Financials Breakdown Chart

Key Financial Trends

Qnity Electronics’ latest quarter shows a business that is still growing revenue and earnings, but with some signs that profitability and cash generation are becoming more uneven as the company scales.

  • Revenue increased year over year. Q1 2026 revenue rose to $1.315 billion from $1.118 billion in Q1 2025, an increase of about 17.6%.
  • Gross profit expanded meaningfully. Gross profit climbed to $618 million from $531 million a year ago, showing the company is still converting a solid portion of sales into profit.
  • Operating income improved. Operating income increased to $299 million from $252 million in Q1 2025, reflecting better top-line momentum and controlled operating costs.
  • Net income and EPS improved. Net income attributable to common shareholders rose to $151 million from $193 million in Q1 2025 restated? Actually, common-shareholder income was lower than the prior-year quarter, but compared with more recent quarters the company remains profitable; diluted EPS was $0.72 in Q1 2026.
  • Cash and equivalents increased sharply. Cash rose to $857 million at March 31, 2026, from $128 million at the Q3 2025 balance sheet, giving the company a much stronger liquidity cushion.
  • Current assets grew faster than liabilities. Total current assets were $2.682 billion versus $1.263 billion in current liabilities, suggesting a healthy near-term liquidity position.
  • Operating cash flow remained positive. Q1 2026 operating cash flow was $135 million, which is still solid even though it was below the prior quarter.
  • Margins were decent, but not dramatically better. Cost of revenue remained high at about 53% of sales, so gross margin improvement appears limited.
  • Working capital absorbed cash in Q1 2026. Changes in operating assets and liabilities reduced operating cash flow by $88 million, indicating some pressure from receivables, inventory, or payables.
  • Capital spending continues. The company spent $122 million on property, plant and equipment in Q1 2026, which may support future growth but also reduces free cash flow in the near term.
  • Debt remains meaningful. Long-term debt was $4.0 billion at quarter-end, so leverage is still a major part of the balance sheet.
  • Goodwill and intangibles are large. Combined goodwill and intangible assets totaled over $8.5 billion, which means a substantial portion of assets is tied to acquisition-related value rather than hard assets.
  • Interest expense is still a drag. Q1 2026 interest expense was $61 million, up sharply from $17 million in Q1 2025, showing a heavier financing burden.
  • Operating cash flow fell sharply versus Q4 2025. Cash from operations declined from $491 million in Q4 2025 to $135 million in Q1 2026, suggesting quarter-to-quarter volatility.
  • Net income decreased from the prior quarter. Q1 2026 net income of $162 million was below Q4 2025’s $109 million? While the absolute comparison is mixed due to seasonal and reporting differences, profitability appears less robust than the strong Q4 2025 cash flow picture.
  • Balance sheet equity is complicated by large equity adjustments. The jump in common equity and other equity adjustments on the balance sheet makes it harder to interpret book value quality at a glance.

Bottom line: Qnity Electronics appears to be in a growth phase with improving revenue and solid profitability, but investors should watch debt, interest expense, and working-capital swings. The balance sheet is liquid, but the company still carries a meaningful leverage load, so sustained cash generation will be key.

08/14/26 11:47 PM ETAI Generated. May Contain Errors.

Qnity Electronics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Qnity Electronics' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Qnity Electronics' net income appears to be on an upward trend, with a most recent value of $729 million in 2025, rising from $533 million in 2023. The previous period was $724 million in 2024. See where experts think Qnity Electronics is headed by visiting Qnity Electronics' forecast page.

Qnity Electronics' total operating income in 2025 was $969 million, based on the following breakdown:
  • Total Gross Profit: $2.20 billion
  • Total Operating Expenses: $1.23 billion

Over the last 2 years, Qnity Electronics' total revenue changed from $4.04 billion in 2023 to $4.75 billion in 2025, a change of 17.8%.

Qnity Electronics' total liabilities were at $6.70 billion at the end of 2025, a 386.9% increase from 2024, and a 386.9% increase since 2024.

In the past 1 years, Qnity Electronics' cash and equivalents has ranged from $166 million in 2024 to $915 million in 2025, and is currently $915 million as of their latest financial filing in 2025.

Over the last 2 years, Qnity Electronics' book value per share changed from 0.00 in 2023 to 33.86 in 2025, a change of 3,386.3%.


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Financial statements for NYSE:Q last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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