Qnity Electronics Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	4,951	4,754	4,335	4,035	4,755
Revenue Growth (YoY)	14.21%	9.67%	7.43%	-15.14%	-
Cost of Revenue	2,669	2,559	2,339	2,280	2,598
Gross Profit	2,282	2,195	1,996	1,755	2,157
Selling, General & Admin	653	620	603	533	518
Depreciation & Amortization Expenses	204	207	232	262	276
Research & Development	364	354	314	303	329
Other Operating Expenses	28	45	8	52	130
Total Operating Expenses	1,249	1,226	1,157	1,150	1,253
Operating Income	1,033	969	839	605	904
Interest Expense	-126	-65	-	-	-
Other Non-Operating Income (Expense)	55	58	62	27	48
Total Non-Operating Income (Expense)	-71	-7	62	27	48
Pretax Income	934	962	901	632	952
Provision for Income Taxes	242	233	177	99	151
Net Income	650	692	693	507	774
Minority Interest in Earnings	42	37	31	26	27
Net Income to Common	650	692	693	507	774
Net Income Growth	-6.21%	-0.14%	36.69%	-34.50%	-
Shares Outstanding (Basic)	209	210	209	209	-
Shares Outstanding (Diluted)	210	210	209	209	-
Shares Change (YoY)	0.13%	0.19%	-	-	-
EPS (Basic)	2.55	3.30	3.31	2.42	-
EPS (Diluted)	2.55	3.30	3.31	2.42	-
EPS Growth	-22.96%	-0.30%	36.78%	-	-
Shares Outstanding	209.7	209.48	-	-	-
Free Cash Flow	898	988	861	651	0
Free Cash Flow Growth	-9.11%	14.75%	32.26%	-	-
Free Cash Flow Per Share	4.28	4.71	4.11	3.11	-
Dividends Per Share	0.140	0.060	-	-	-
Dividend Growth	133.33%	-	-	-	-
Gross Margin	46.09%	46.17%	46.04%	43.49%	45.36%
Operating Margin	20.86%	20.38%	19.35%	14.99%	19.01%
Profit Margin	13.98%	15.33%	16.70%	13.21%	16.85%
FCF Margin	18.14%	20.78%	19.86%	16.13%	0.00%
EBITDA	1,413	1,345	1,233	1,008	904
EBITDA Margin	28.54%	28.29%	28.44%	24.98%	19.01%
EBIT	1,033	969	839	605	904
EBIT Margin	20.86%	20.38%	19.35%	14.99%	19.01%
Effective Tax Rate	25.91%	24.22%	19.64%	15.66%	15.86%