Qnity Electronics, Inc. Q
Qnity is one of the largest global leaders in materials and solutions for the semiconductor and electronics industries. We empower our customers' technology roadmaps to enable advancements in megatrends such as artificial intelligence, high-performance computing and advanced connectivity. We partner with leading semiconductor and advanced device manufacturers to address complex challenges and develop solutions that facilitate next-generation technological innovations. With over 50 years of experience in systems engineering and material science, a global manufacturing footprint and major application labs across the world, we are well-positioned to capitalize on emerging opportunities across various sectors including data centers, communications infrastructure, industrials, automotive, and consumer electronics.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $4.75B | $4.33B | $4.04B | — |
| Cost of revenue | $2.56B | $2.34B | $2.28B | — |
| Gross profit | $2.19B | $2.00B | $1.75B | — |
| R&D | $354.0M | $314.0M | $303.0M | — |
| SG&A | $620.0M | $603.0M | $533.0M | — |
| Pre-tax income | $962.0M | $901.0M | $632.0M | — |
| Income tax | $233.0M | $177.0M | $99.0M | — |
| Net income | $729.0M | $724.0M | $533.0M | — |
| EPS, basic | 3.30 | 3.31 | 2.42 | — |
| EPS, diluted | 3.30 | 3.31 | 2.42 | — |
| Shares, diluted (wtd. avg.) | $209.8M | $209.4M | $209.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $915.0M | $166.0M | — | — |
| Receivables | $656.0M | $580.0M | — | — |
| Inventory | $661.0M | $597.0M | — | — |
| Total current assets | $2.64B | $1.48B | — | — |
| Goodwill | $7.52B | $7.38B | $7.46B | — |
| Other intangibles | $1.11B | $1.29B | — | — |
| Total assets | $14.07B | $12.27B | — | — |
| Accounts payable | $680.0M | $528.0M | — | — |
| Short-term debt | $24.0M | $0 | — | — |
| Total current liabilities | $1.36B | $839.0M | — | — |
| Long-term debt | $4.10B | — | — | — |
| Total liabilities | $6.70B | $1.38B | — | — |
| Retained earnings | $18.0M | $0 | — | — |
| Total equity | $7.09B | $10.64B | $11.18B | $11.31B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $1.27B | $1.06B | $882.0M | — |
| Depreciation and amortisation | $376.0M | $394.0M | $403.0M | — |
| Stock-based compensation | $20.0M | $13.0M | $13.0M | — |
| Capital expenditure | $285.0M | $200.0M | $231.0M | — |
| Investing cash flow | -$285.0M | -$172.0M | -$226.0M | — |
| Financing cash flow | -$248.0M | -$848.0M | -$628.0M | — |
| Dividends paid | $13.0M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024259.
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