Qnity Electronics Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	4,754	4,335	4,035	4,755
Revenue Growth (YoY)	9.67%	7.43%	-15.14%	-
Cost of Revenue	2,559	2,339	2,280	2,598
Gross Profit	2,195	1,996	1,755	2,157
Selling, General & Admin	620	603	533	518
Depreciation & Amortization Expenses	207	232	262	276
Research & Development	354	314	303	329
Other Operating Expenses	45	8	52	130
Total Operating Expenses	1,226	1,157	1,150	1,253
Operating Income	969	839	605	904
Interest Expense	-65	-	-	-
Other Non-Operating Income (Expense)	58	62	27	48
Total Non-Operating Income (Expense)	-7	62	27	48
Pretax Income	962	901	632	952
Provision for Income Taxes	233	177	99	151
Net Income	692	693	507	774
Minority Interest in Earnings	37	31	26	27
Net Income to Common	692	693	507	774
Net Income Growth	-0.14%	36.69%	-34.50%	-
Shares Outstanding (Basic)	210	209	209	-
Shares Outstanding (Diluted)	210	209	209	-
Shares Change (YoY)	0.19%	-	-	-
EPS (Basic)	3.30	3.31	2.42	-
EPS (Diluted)	3.30	3.31	2.42	-
EPS Growth	-0.30%	36.78%	-	-
Shares Outstanding	209.48	-	-	-
Free Cash Flow	988	861	651	0
Free Cash Flow Growth	14.75%	32.26%	-	-
Free Cash Flow Per Share	4.71	4.11	3.11	-
Dividends Per Share	0.060	-	-	-
Gross Margin	46.17%	46.04%	43.49%	45.36%
Operating Margin	20.38%	19.35%	14.99%	19.01%
Profit Margin	15.33%	16.70%	13.21%	16.85%
FCF Margin	20.78%	19.86%	16.13%	0.00%
EBITDA	1,345	1,233	1,008	904
EBITDA Margin	28.29%	28.44%	24.98%	19.01%
EBIT	969	839	605	904
EBIT Margin	20.38%	19.35%	14.99%	19.01%
Effective Tax Rate	24.22%	19.64%	15.66%	15.86%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.