Qnity Electronics, Inc.

QQnity Electronics, Inc. US flag

New York Stock Exchange

155.06

USD

-0.68

- -

32.46BMarket Cap

Income Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	4,755	4,035	4,335	4,754
+ Sales & Services Revenue	4,755	4,035	4,335	4,754
- Cost of Revenue	2,598	2,280	2,339	2,559
+ Cost of Goods & Services	2,598	2,280	2,339	2,559
Gross Profit	2,157	1,755	1,996	2,195
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	1,123	1,098	1,149	1,181
+ Selling, General & Admin	518	533	603	620
+ Research & Development	329	303	314	354
+ Other Operating Expense	276	262	232	207
Operating Income (Loss)	1,034	657	847	1,014
- Non-Operating (Income) Loss	82	25	-54	52
+ Interest Expense, Net	- -	- -	- -	65
+ Interest Expense	- -	- -	- -	65
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	82	25	-54	-13
Pretax Income	952	632	901	962
- Income Tax Expense (Benefit)	151	99	177	233
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	801	533	724	729
- Net Extraordinary Losses (Gains)	54	52	62	74
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	54	52	62	74
Income (Loss) Incl. MI	747	481	662	655
- Minority Interest	-27	-26	-31	-37
Net Income, GAAP	774	507	693	692
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	774	507	693	692
EBIT	1,034	657	847	1,014
EBITDA	1,448	1,060	1,241	1,390
EBITDA Margin (%)	30.45	26.27	28.63	29.24
EBITA	1,034	657	847	1,014
Gross Margin (%)	45.36	43.49	46.04	46.17
Operating Margin (%)	21.75	16.28	19.54	21.33
Profit Margin (%)	16.28	12.57	15.99	14.56
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	0.06
Depreciation Expense	414	403	394	376
Basic Weighted Avg Shares	- -	- -	- -	210
Basic EPS, GAAP	- -	- -	- -	3.3
Basic EPS from Cont Ops	- -	- -	- -	3.48
Diluted Weighted Avg Shares	- -	- -	- -	210
Diluted EPS, GAAP	- -	- -	- -	3.3
Diluted EPS from Cont Ops	- -	- -	- -	3.47

Balance Sheet (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	1,364	1,483	2,638
+ Cash, Cash Equivalents & STI	- -	139	166	915
+ Cash & Cash Equivalents	- -	139	166	915
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	657	682	992
+ Accounts Receivable, Net	- -	561	580	656
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	- -	96	102	336
+ Inventories	- -	534	597	661
+ Raw Materials	- -	147	174	172
+ Work In Process	- -	190	209	221
+ Finished Goods	- -	197	242	292
+ Inventory Adjustments	- -	- -	-28	-24
+ Other Inventory	- -	- -	- -	- -
+ Other ST Assets	- -	34	38	70
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	- -	11,152	10,790	11,432
+ Property, Plant & Equip, Net	- -	1,540	1,548	1,701
+ Property, Plant & Equip	- -	2,591	2,669	3,151
- Accumulated Depreciation	- -	1,051	1,121	1,450
+ LT Investments & Receivables	- -	399	394	402
+ LT Investments	- -	399	394	402
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	- -	9,213	8,848	9,329
+ Total Intangible Assets	- -	8,992	8,665	8,633
+ Goodwill	- -	7,456	7,379	7,522
+ Other Intangible Assets	- -	1,536	1,286	1,111
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	- -	221	183	696
Total Assets	- -	12,516	12,273	14,070
+ Payables & Accruals	- -	604	782	1,175
+ Accounts Payable	- -	432	528	680
+ Accrued Taxes	- -	142	161	150
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	- -	30	93	345
+ ST Debt	- -	- -	- -	24
+ ST Borrowings	- -	- -	- -	24
+ ST Finance Leases	- -	- -	- -	- -
+ Other ST Liabilities	- -	73	57	157
+ Deferred Revenue	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	- -	73	57	157
Total Current Liabilities	- -	677	839	1,356
+ LT Debt	- -	- -	- -	4,003
+ LT Borrowings	- -	- -	- -	4,003
+ LT Finance Leases	- -	- -	- -	- -
+ Other LT Liabilities	- -	655	538	1,345
+ Accrued Liabilities	- -	341	259	273
+ Pension Liabilities	- -	73	65	80
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	- -	241	214	992
Total Noncurrent Liabilities	- -	655	538	5,348
Total Liabilities	- -	1,332	1,377	6,704
+ Preferred Equity and Hybrid Capital	- -	- -	- -	2
+ Share Capital & APIC	- -	- -	- -	7,288
+ Common Stock	- -	- -	- -	2
+ Additional Paid in Capital	- -	- -	- -	7,286
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	- -	- -	- -	18
+ Other Equity	- -	-245	-414	-213
Equity Before Minority Interest	- -	10,938	10,644	7,095
+ Minority/Non Controlling Interest	- -	246	252	271
Total Equity	- -	11,184	10,896	7,366
Total Liabilities & Equity	- -	12,516	12,273	14,070
Shares Outstanding	- -	- -	- -	209
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -
Net Debt	- -	-139	-166	3,112
Net Debt to Equity	- -	-1.24	-1.52	42.25
Tangible Common Equity Ratio	- -	62.2	61.83	-23.34
Current Ratio	- -	2.01	1.77	1.95
Cash Conversion Cycle	- -	40.1	63.34	53.12

Cash Flow Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	801	533	724	729
+ Depreciation & Amortization	414	403	394	376
+ Non-Cash Items	14	-11	-71	-46
+ Stock-Based Compensation	12	13	13	20
+ Deferred Income Taxes	-121	-79	-81	-79
+ Asset Impairment Charge	- -	- -	- -	- -
+ Other Non-Cash Adj	123	55	-3	13
+ Chg in Non-Cash Work Cap	-76	-43	14	214
+ (Inc) Dec in Accts Receiv	20	12	-53	-12
+ (Inc) Dec in Inventories	-90	86	-84	-51
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-28	-164	145	287
+ Inc (Dec) in Other	22	23	6	-10
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	1,153	882	1,061	1,273
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	5	15	- -
+ Disp of Fixed Prod Assets	- -	5	15	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	1
+ Increase in Capital Stock	- -	- -	- -	1
+ Decrease in Capital Stock	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	-202	-231	-187	-285
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	-202	-226	-172	-285
+ Dividends Paid	- -	- -	- -	-13
+ Net Cash From Debt	- -	- -	- -	4,100
+ Cash From Debt	- -	- -	- -	4,100
+ Repayments of Debt	- -	- -	- -	- -
+ Other Financing Activities	-932	-628	-848	-4,336
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	-932	-628	-848	-248
Effect of Foreign Exchange Rates	-10	-4	-14	9
Net Changes in Cash	19	28	41	740
EBITDA	1,448	1,060	1,241	1,390
EBITDA Margin (%)	30.45	26.27	28.63	29.24
Free Cash Flow	1,153	882	1,061	1,273
Net Cash Paid for Acquisitions	- -	- -	- -	- -
Free Cash Flow to Firm	1,153	882	1,061	1,322
Free Cash Flow to Equity	- -	887	1,076	5,375
Free Cash Flow per Basic Share	- -	- -	- -	6.07
Price/Free Cash Flow	- -	- -	- -	13.46
Cash Flow to Net Income	1.49	1.74	1.53	1.84
Capital Expenditures	- -	- -	- -	- -