Qnity Electronics, Inc. (Q)

Qnity Electronics Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	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	613	579	535	514
Research & Development	354	314	303	329
Amortization of Goodwill & Intangibles	207	232	262	276
Operating Expenses	1,174	1,125	1,100	1,119
Operating Income	1,021	871	655	1,038
Interest Expense	-65	-	-	-
Interest & Investment Income	4	-	-	-
Earnings From Equity Investments	47	37	16	31
Currency Exchange Gain (Loss)	-4	5	-1	6
Other Non Operating Income (Expenses)	3	3	6	7
EBT Excluding Unusual Items	1,006	916	676	1,082
Merger & Restructuring Charges	-45	-8	-52	-130
Gain (Loss) on Sale of Assets	1	16	8	-
Legal Settlements	-	-23	-	-
Pretax Income	962	901	632	952
Income Tax Expense	233	177	99	151
Earnings From Continuing Operations	729	724	533	801
Minority Interest in Earnings	-37	-31	-26	-27
Net Income	692	693	507	774
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	-0.29%	36.75%	-	-
Free Cash Flow	988	861	651	951
Free Cash Flow Per Share	4.71	4.11	3.11	-
Dividend Per Share	0.060	-	-	-
Gross Margin	46.17%	46.04%	43.49%	45.36%
Operating Margin	21.48%	20.09%	16.23%	21.83%
Profit Margin	14.56%	15.99%	12.57%	16.28%
Free Cash Flow Margin	20.78%	19.86%	16.13%	20.00%
EBITDA	1,397	1,265	1,058	1,452
EBITDA Margin	29.39%	29.18%	26.22%	30.54%
D&A For EBITDA	376	394	403	414
EBIT	1,021	871	655	1,038
EBIT Margin	21.48%	20.09%	16.23%	21.83%
Effective Tax Rate	24.22%	19.65%	15.67%	15.86%

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.