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Qnity Electronics (Q) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Qnity Electronics
NYSE•Technology•Semiconductor Equipment & Materials
$117.13+2.27(0.02%)After hours
Market Cap
$24.54B
P/E
23.9x
P/S
3.3x
P/B
3.4x

Qnity Electronics, Inc. provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally. The company operates in two segments, Semiconductor Technologies and Interconnect Solutions. Its Semiconductor Technologies segment offers chemical mechanical planarization (CMP) pads and slurries, photoresists, functional sub-layers, advanced overcoats, post-CMP cleaners, post-etch residue removers, and emerging cleans. The Interconnect Solutions segment provides copper pillar plating, copper redistribution layer, solder bump plating, under bump metallization, photoresists, packaging dielectrics, gap fillers, phase change, specialty thermal interface materials, thermally conductive insulators, copper playing solutions, dry film photoresists, and laminates and polyimide films. The company was formerly known as Novus SpinCo 1, Inc. and changed its name to Qnity Electronics, Inc. in April 2025. The company was incorporated in 2024 and is headquartered in Wilmington, Delaware.

C

How this company scores

AverageMetricSide Score: 53/100

Strongest: Profitability (17/25); weakest: Growth (10/25).

Profitability17/25
Growth10/25
Balance Sheet & Red Flags12/25
Cash & Earnings Quality14/25
Strengths
Strong margins

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.9x5y range 23.9x – 23.9x
P/E 23.9x
P/S · 3.3x5y range 3.3x – 3.3x
P/S 3.3x
P/B · 3.4x5y range 2.2x – 3.4x
P/B 3.4x · near its 4-quarter median

Currently near its 4-quarter median.

Price & Volume
Market Cap $24.54B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$7.50B
Q. Revenue
$1.43B
TTM EBITDA
$1.97B
TTM Op. Income
$1.40B
Q. Op. Income
$226.00M
TTM Net Income
$1.03B
Q. Net Income
$136.00M
2Q
EPS
$0.59
2Q
Shares Out.
$209.50M

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
22.6%
Op. Margin
15.8%
3Q
Net Margin
9.5%
3Q

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
23.9x
P/S Ratio
3.3x
P/B Ratio
3.4x
3Q
At 23.9x P/E, the stock trades within typical market levels. P/S of 3.3x and P/B of 3.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$14.33B
Cash
$961.00M
Long-Term Debt
$4.00B
2Q
Book Value
$7.26B
2Q
D/E Ratio
0.6
2Q
Debt/EBITDA
12.4
With $14.33B in assets and $4.00B in long-term debt, D/E is 0.6and book value is $7.26B — a conservative capital structure with a cushion to weather downturns. Across the last 4 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$241.00M
TTM Free Cash Flow
$1.15B
FCF Margin
15.4%
FCF / Net Income
1.1
TTM FCF of $1.15B on $241.00M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 0% — an improving trend.

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