Qnity Electronics (Q) financial statements
Qnity Electronics reported revenue of $4.8B in fiscal 2025, up 8.5% a year over 2 years.
Net income was $692M.
Free cash flow was $988M, and the company returned $13M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Qnity Electronics's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $4.0B | $4.3B | $4.8B |
| Cost of revenue | $2.3B | $2.3B | $2.6B |
| Gross profit | $1.8B | $2.0B | $2.2B |
| Research and development | $303M | $314M | $354M |
| Selling, general and admin | $533M | $603M | $620M |
| Interest expense | $0 | $0 | $65M |
| Pre-tax income | $632M | $901M | $962M |
| Income tax | $99M | $177M | $233M |
| Net income | $507M | $693M | $692M |
| EPS (diluted) | $2.42 | $3.31 | $3.30 |
| Diluted shares | 209M | 209M | 210M |
| Gross margin | 43.5% | 46.0% | 46.2% |
| Net margin | 12.6% | 16.0% | 14.6% |
Balance sheet
Fiscal years, from Qnity Electronics's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | — | $166M | $915M |
| Receivables | — | $682M | $992M |
| Inventory | — | $597M | $661M |
| Total current assets | — | $1.5B | $2.6B |
| Property, plant and equipment | — | $1.5B | $1.7B |
| Goodwill | $7.5B | $7.4B | $7.5B |
| Total assets | — | $12.3B | $14.1B |
| Total current liabilities | — | $839M | $1.4B |
| Long-term debt | — | $0 | $4.0B |
| Total liabilities | — | $1.4B | $6.7B |
| Shareholders' equity | $11.2B | $10.6B | $7.1B |
| Net debt | — | -$166M | $3.1B |
Cash flow
Fiscal years, from Qnity Electronics's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $882M | $1.1B | $1.3B |
| Capital spending | $231M | $200M | $285M |
| Free cash flow | $651M | $861M | $988M |
| Stock-based compensation | $13M | $13M | $20M |
| Dividends paid | $0 | $0 | $13M |
| Net borrowing | $0 | $0 | $4.1B |
| Free cash flow margin | 16.1% | 19.9% | 20.8% |
| Dividends per share | — | — | $0.06 |
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Open Q in InvestinglyQuestions
What was Qnity Electronics's revenue in 2025?
$4.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Qnity Electronics generate?
$988M in fiscal 2025 (operating cash flow minus capital spending).
From Qnity Electronics's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.