Profit is backed by cash. Free cash flow is 131% of reported profit.
Qnity Electronics's free cash flow is 131% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins.Operating margin 17% (12 months to Jun 2026) vs a peer median of 6.3%.Operating margin 17% vs peers 6.3%.
Qnity Electronics keeps 17% of revenue as operating profit, more than 81% of peers (median 6.3%).
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 53 → 51
Peer companies moved-2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth-0.3%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.37Sector median: 0.1108 · MAD: 0.3050
3-year revenue growth-0.0%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score -0.61Sector median: 0.0483 · MAD: 0.0793
Revenue growth9.7%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score 0.11Sector median: 0.0853 · MAD: 0.1017
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Qnity Electronics
Is Qnity Electronics getting weaker?
Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 48/100 since Oct 28, 2026.
How is Qnity Electronics valued vs its peers?
Priced about in line with its peers. Valuation scores 51/100 against 1,711 technology peers.
Is Qnity Electronics growing?
More slowly than most of its peers. Growth scores 39/100 against 1,711 technology peers.3-year revenue growth -0.0% vs a peer median of 4.8% (weaker than 68% of peers).3-year revenue growth -0.0% vs peers 4.8% (weaker than 68% of peers).
How profitable is Qnity Electronics?
More profitable than most of its peers. Profitability scores 64/100 against 1,711 technology peers.Operating margin 17.2% vs a peer median of 6.3% (stronger than 81% of peers).Operating margin 17.2% vs peers 6.3% (stronger than 81% of peers).
How risky is Qnity Electronics?
Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings.Debt / equity 0.55× vs a peer median of 0.25× (weaker than 69% of peers).Debt / equity 0.55× vs peers 0.25× (weaker than 69% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
5.0B USD
5.2B USD
+5.2%
Net income (12 months)
692.0M USD
630.0M USD
−9.0%
Operating margin
18.8%
17.2%
−1.6 pts
Free cash flow (12 months)
898.0M USD
825.0M USD
−8.1%
Debt
4.0B USD
4.0B USD
−0.1%
Cash
857.0M USD
961.0M USD
+12.1%
Shares outstanding
209.3M
209.2M
−0.1%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Valuations in Semiconductor Equipment & Materials are near the top of their range since Feb 2021.
84% of months since Feb 2021 were valued lower than now.
81% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is +95% vs the whole market, against a usual +84%.
Feb 2021Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since Feb 2021; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2023
FY 2024
FY 2025
Change
Gross margin
43.5%
46.0%
46.2%
▲ 0.1 pts
Operating margin
15.4%
20.2%
20.0%
▼ 0.2 pts
Net margin
13.2%
16.7%
15.3%
▼ 1.4 pts
Return on assets (ROA)
—
5.9%
5.2%
▼ 0.7 pts
Return on equity (ROE)
4.8%
6.8%
10.3%
▲ 3.5 pts
Free cash flow margin
16.1%
19.9%
20.8%
▲ 0.9 pts
Current ratio
—
1.77×
1.95×
▲ 10%
Quick ratio
—
1.06×
1.46×
▲ 38%
Debt to equity
—
0.00×
0.58×
—
Q price history
Price history is added with the daily price update and will appear after the next one.