Qnity Electronics IncQnity Electronics Inc
Qnity Electronics Inc

Qnity Electronics Inc

Q
Technology·Semiconductors

Qnity Electronics, Inc. engages in the manufacturing of electronic materials to the semiconductor and electronics industries. Its brands include Acuplane, Circuposit, Duroptix, EPIC, Ikonic, Kalrez, Kapton, Laird, Microfill, Pyralux, Riston, Solderon Tin, and Silveron Silver. Its products include printed circuit board materials, display materials, electrical insulation materials, electronic components, semiconductor fabrication and packaging materials, thermal management materials, general metal finishing, plating on plastics, silver nanowire technologies, and other related products. It operates through the Semiconductor Technologies and Interconnect Solutions segments. The Semiconductor Technologies segment provides a portfolio of innovative materials and solutions utilized across multiple stages of the semiconductor manufacturing process. The Interconnect Solutions segment offers solutions for advanced electronics hardware, including complex printed circuit boards and advanced semiconductor packaging. The company was founded on December 6, 2024 and is headquartered in Wilmington, DE.

Delaware; U.S.A
Market cap
$26.5BNo data
Revenue
$4.8B+9.7% YoY
Net income
$729M+5.2% YoY
Free cash flow
$988M+12.8% YoY

Market

Listed stock
QPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$4.8B+9.7% YoY
Operating income
$-3.8B−550.2% YoY
Net income
$729M+5.2% YoY
Free cash flow
$988M+12.8% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2022 $4.8B, 2023 $4B, 2024 $4.3B, 2025 $4.8B. Operating income: 2022 $921M, 2023 $605M, 2024 $839M, 2025 $-3.8B. Net income: 2022 $774M, 2023 $507M, 2024 $693M, 2025 $729M. Free cash flow: 2022 $951M, 2023 $656M, 2024 $876M, 2025 $988M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
9.7%+223 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2022-12-31 $921M, 2023-12-31 $605M, 2024-12-31 $839M, 2025-12-31 $-3.8B. Net income: 2022-12-31 $774M, 2023-12-31 $507M, 2024-12-31 $693M, 2025-12-31 $729M. Free cash flow: 2022-12-31 $951M, 2023-12-31 $656M, 2024-12-31 $876M, 2025-12-31 $988M

Growth heatmap

202320242025CAGR
Revenue
-15.1%
+7.4%
+9.7%
No data
Gross profit
-18.6%
+13.7%
+10.0%
No data
Operating income
-34.3%
+38.7%
-550.2%
No data
Free cash flow
-31.0%
+33.5%
+12.8%
No data

Earnings quality

Operating cash flow
$1.3B+20.0% YoY
Net income
$729M+5.2% YoY
Free cash flow
$988M+12.8% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 175%, 2024-12-31 153%, 2023-12-31 174%, 2022-12-31 149%. Free cash flow: 2025-12-31 136%, 2024-12-31 126%, 2023-12-31 129%, 2022-12-31 123%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
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Free cash flow yield
No data
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No data