Qnity Electronics, Inc. (Q)

Qnity Electronics Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	4,665	4,335	4,035	4,755
Revenue Growth (YoY)	15.61%	7.43%	-15.14%	-
Cost of Revenue	2,504	2,339	2,280	2,598
Gross Profit	2,161	1,996	1,755	2,157
Selling, General & Admin	589	602	535	514
Research & Development	348	314	303	329
Amortization of Goodwill & Intangibles	211	232	262	276
Operating Expenses	1,148	1,148	1,100	1,119
Operating Income	1,013	848	655	1,038
Earnings From Equity Investments	41	37	16	31
Currency Exchange Gain (Loss)	-2	5	-1	6
Other Non Operating Income (Expenses)	-2	3	6	7
EBT Excluding Unusual Items	1,038	893	676	1,082
Merger & Restructuring Charges	-21	-8	-52	-130
Gain (Loss) on Sale of Assets	15	16	8	-
Pretax Income	1,026	901	632	952
Income Tax Expense	185	177	99	151
Earnings From Continuing Operations	841	724	533	801
Minority Interest in Earnings	-36	-31	-26	-27
Net Income	805	693	507	774
Net Income to Common	805	693	507	774
Net Income Growth	58.78%	36.69%	-34.50%	-
Free Cash Flow	788	861	651	951
Gross Margin	46.32%	46.04%	43.49%	45.36%
Operating Margin	21.71%	19.56%	16.23%	21.83%
Profit Margin	17.26%	15.99%	12.57%	16.28%
Free Cash Flow Margin	16.89%	19.86%	16.13%	20.00%
EBITDA	1,390	1,242	1,058	1,452
EBITDA Margin	29.80%	28.65%	26.22%	30.54%
D&A For EBITDA	377	394	403	414
EBIT	1,013	848	655	1,038
EBIT Margin	21.71%	19.56%	16.23%	21.83%
Effective Tax Rate	18.03%	19.65%	15.67%	15.86%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.