Qnity Electronics, Inc. key statistics and ratios

In fiscal 2025, Qnity Electronics, Inc. had return on equity of 7.8%, a net margin of 14.6%, debt equal to 57.8% of equity and a current ratio of 1.95. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Qnity Electronics, Inc.: financial ratios, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	43.5%	46.0%	46.2%	46.2%
Net margin	12.6%	16.0%	14.6%	11.2%
Free-cash-flow margin	16.1%	19.9%	20.8%	15.8%
Return on equity	4.5%	6.3%	7.8%	8.2%
Return on assets	—	5.6%	5.3%	4.1%
Asset turnover	—	0.35	0.36	0.37
Current ratio	—	1.77	1.95	2.01
Debt to equity	—	0.0%	57.8%	55.4%
Effective tax rate	15.7%	19.6%	24.2%	28.2%
R&D as % of revenue	7.5%	7.2%	7.4%	7.2%
SG&A as % of revenue	13.2%	13.9%	13.0%	13.4%
Capital spending as % of revenue	5.7%	4.6%	6.0%	6.6%
Free cash flow ÷ net income	128.4%	124.2%	142.8%	140.8%
Dividends ÷ net income	0.0%	0.0%	1.9%	—
Dividends and buybacks ÷ free cash flow	0.0%	0.0%	1.3%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Qnity Electronics, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	47.0%	46.8%	47.5%	46.2%	45.1%	46.1%	47.0%	46.6%
Net margin	17.3%	19.3%	17.3%	16.1%	16.5%	8.4%	11.5%	8.7%
Free-cash-flow margin	—	20.0%	9.2%	19.1%	18.9%	35.3%	1.0%	10.6%
Current ratio	—	1.77	—	—	1.78	1.95	2.12	2.01
Debt to equity	—	0.0%	—	—	18.9%	58.1%	56.0%	55.4%
R&D as % of revenue	7.1%	7.6%	7.5%	7.5%	7.2%	7.6%	7.1%	6.9%
SG&A as % of revenue	13.6%	12.9%	12.5%	13.2%	12.5%	14.0%	13.2%	14.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 5 checks passed · June 30, 2026

What it owns · $14.3bn

Short-term assets $2.9bnLonger-term assets $11.4bn

What it owes, and who funded it · $14.0bn

Short-term liabilities $1.4bnLonger-term liabilities $5.3bnShareholders' equity $7.3bn

Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $1.4bn of liabilities due within a year.
Short-term assets cover long-term liabilities $2.9bn short-term assets against $5.3bn of longer-dated liabilities.
More cash than debt $961m of cash against $4.0bn of debt.
Debt below 40% of shareholders' equity Debt is 55% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $4.0bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Qnity Electronics, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Qnity Electronics, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Qnity Electronics, Inc.