Qnity Electronics, Inc. (Q)
Qnity Electronics, Inc. specializes in providing electronic solutions and materials essential for manufacturing semiconductor chips, alongside advanced electronic materials. Previously known as Novus SpinCo 1, Inc., the company officially adopted its current name, Qnity Electronics, Inc., in April 2025. Its operations are headquartered in Wilmington, Delaware.
Sector: Semiconductors & Related Devices
Industry: Semiconductors
Qnity Electronics, Inc.
NYSE:QTechnology · Semiconductors
+0.97%$109.83
AH Close$109.83+0.00%vs close
AH Close$109.83+0.00%vs close
Mkt Cap$22.98B
Float209.3M
O/S209.21M
Inst Own76.7%
SI2.2%
Div Yield0.27%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.75B
Net Income$692M
Total Assets$14.07B
Free Cash Flow$988M
Debt & Equity
Debt 41%
Equity 59%
Preferred 0%
Total Debt$4.98B
Total Equity$7.09B
Preferred Stock$2M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in Q's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$14.07B
Liabilities$6.7B
Accounts Receivable$992M
Accounts Payable$680M
Inventory$661M
PP&E (Net)$3.15B
Goodwill$7.52B
Intangible Assets$1.11B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $4.75B | $4.33B | $4.04B | $4.75B |
| YoY Growth | 9.7% | 7.4% | -15.1% | - |
| Cost of Revenue | $2.77B | $2.34B | $2.28B | $2.6B |
| Gross Profit | $1.99B | $2B | $1.75B | $2.16B |
| Gross Margin | 41.8% | 46.1% | 43.5% | 45.4% |
| Research and Development | $354M | $311M | $303M | $329M |
| Selling, General, and Administrative | $620M | $617M | $533M | $518M |
| Other | $0 | $232M | $262M | $276M |
| Total Operating Expenses | $974M | $1.16B | $1.1B | $1.12B |
| Operating Income (EBIT) | $1.01B | $847M | $657M | $1.03B |
| Operating Margin | 21.3% | 19.5% | 16.3% | 21.7% |
| Interest Expense | $65M | $280M | $0 | $0 |
| Interest Income | $4M | $0 | $0 | $0 |
| Other Income (Expense) | -$52M | $54M | -$25M | -$82M |
| Income Before Tax (EBT) | $962M | $901M | $632M | $952M |
| Income Tax Expense | $233M | $177M | $99M | $151M |
| Net Income | $692M | $693M | $507M | $774M |
| Net Income Margin | 14.6% | 16.0% | 12.6% | 16.3% |
| Supplementary Data | ||||
| EPS | 3.30 | 3.31 | 2.42 | 3.70 |
| Diluted EPS | 3.30 | 3.31 | 2.42 | 3.70 |
| Weighted Average OS | 209.48M | 209.43M | 209.43M | 209.43M |
| EBITDA | $1.4B | $1.29B | $1.03B | $1.37B |
| EBITDA Margin | 29.5% | 29.8% | 25.7% | 28.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $915M | $166M | $139M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $915M | $166M | $139M |
| Accounts Receivable | $992M | $682M | $657M |
| Inventory | $661M | $597M | $534M |
| Other Current Assets | $70M | $38M | $34M |
| Total Current Assets | $2.64B | $1.48B | $1.36B |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $3.15B | $1.68B | $1.71B |
| Goodwill | $7.52B | $7.38B | $7.46B |
| Intangible Assets | $1.11B | $1.29B | $1.54B |
| Long-Term Investments | $402M | $394M | $399M |
| Deferred Tax Assets | $42M | $42M | $42M |
| Other Long-Term Assets | -$796M | $14M | $13M |
| Total Long-Term Assets | $11.43B | $10.79B | $11.15B |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $14.07B | $12.27B | $12.52B |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $680M | $450M | $385M |
| Short-Term Debt | $67M | $61M | $53M |
| Current Income Tax Payable | $150M | $0 | $0 |
| Current Unearned Revenue | $0 | $1M | $0 |
| Other Current Liabilities | $609M | $73M | $67M |
| Total Current Liabilities | $1.36B | $839M | $677M |
| Long-Term Liabilities | |||
| Long-Term Debt | $4.46B | $0 | $0 |
| Long-Term Unearned Revenue | $46M | $35M | $21M |
| Long-Term Deferred Tax Liabilities | $273M | $259M | $341M |
| Other Long-Term Liabilities | $116M | $114M | $124M |
| Total Long-Term Liabilities | $5.35B | $538M | $655M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $6.7B | $1.38B | $1.33B |
| Stockholders' Equity | |||
| Preferred Stock | $2M | $0 | $0 |
| Common Stock | $2M | $11.06B | $11.18B |
| Retained Earnings | $18M | $0 | $0 |
| Comprehensive Income & Other | -$213M | -$414M | -$245M |
| Other Stockholders' Equity | $7.08B | -$414M | -$245M |
| Total Equity | $7.09B | $10.64B | $10.94B |
| Minority Interest | $271M | $252M | $246M |
| Total Liabilities and Equity | $13.8B | $12.02B | $12.27B |
| Supplementary Data | |||
| Total Debt | $4.98B | $191M | $222M |
| Net Debt | $4.07B | $25M | $83M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | $729M | $724M | $533M | $801M |
| Depreciation & Amortization | $376M | $394M | $403M | $414M |
| Deferred Income Tax | -$79M | -$81M | -$79M | -$121M |
| Stock-Based Compensation | $20M | $13M | $13M | $12M |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$12M | -$53M | $12M | $20M |
| Inventory | -$51M | -$84M | $86M | -$90M |
| Accounts Payable | $119M | $78M | -$54M | -$70M |
| Other Working Capital | $158M | $73M | -$87M | $64M |
| Total Working Capital Change | $214M | $14M | -$43M | -$76M |
| Other Non-Cash Items | $13M | -$3M | $55M | $123M |
| Net Cash from Operating | $1.27B | $1.06B | $882M | $1.15B |
| Investing Activities | ||||
| Capital Expenditures | -$285M | -$200M | -$231M | -$202M |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $28M | $5M | $0 |
| Net Cash from Investing | -$285M | -$172M | -$226M | -$202M |
| Financing Activities | ||||
| Debt Repaid | -$4.01B | - | - | - |
| Common Stock Issuance | $3M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | -$13M | $0 | $0 | $0 |
| Other Financing Activities | -$4.25B | -$848M | -$628M | -$932M |
| Net Cash from Financing | -$248M | -$848M | -$628M | -$932M |
| Forex Effect | $9M | -$14M | -$4M | -$10M |
| Net Change in Cash | $749M | $27M | $24M | $9M |
| Supplementary Data | ||||
| Operating Cash Flow | $1.27B | $1.06B | $882M | $1.15B |
| Capital Expenditure | -$285M | -$200M | -$231M | -$202M |
| Free Cash Flow | $988M | $861M | $651M | $951M |
| Cash at Beginning | $166M | $139M | $115M | $106M |
| Cash at End | $915M | $166M | $139M | $115M |