Qnity Electronics, Inc. (Q) Key Metrics
Q valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $24.15B
- Enterprise value
- $29.11B
- P/E (TTM)
- 41.2
- Forward P/E
- 24.8
- PEG ratio
- 1.32
- Price / sales
- 4.6
- Price / book
- 3.6
- EV / EBITDA
- 20.1
- Dividend yield
- 0.28% $0.32 a year
- Beta
- —
Q key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsQ returns How much profit the business earns on the capital it uses.
Q per-share figures Results divided by the shares outstanding at year-end.
Q financial health Debt, liquidity and how easily interest is covered.
Q efficiency & capital use Working capital cycle and where the cash goes.
Q valuation history
Q returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
Q debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
Q cash returned to shareholders
Q price vs earnings per share
Q key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $17.10B | — | — | — |
| Enterprise value | $21.17B | — | — | — |
| P/E ratio | 24.7 | — | — | — |
| Price / sales | 3.6 | — | — | — |
| Price / book | 2.4 | — | — | — |
| Price / free cash flow | 17.3 | — | — | — |
| Price / operating cash flow | 13.4 | — | — | — |
| EV / sales | 4.5 | — | — | — |
| EV / EBITDA | 15.1 | — | — | — |
| EV / free cash flow | 21.4 | — | — | — |
| Earnings yield | 4.0% | — | — | — |
| Free cash flow yield | 5.8% | — | — | — |
| Dividend yield | 0.1% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.1% | — | — | — |
| Share price at fiscal year-end | $81.65 | — | — | — |
| Per share | ||||
| Revenue per share | $22.69 | $20.70 | $19.27 | $22.70 |
| Earnings per share | $3.30 | $3.31 | $2.42 | $3.70 |
| Operating cash flow per share | $6.08 | $5.07 | $4.21 | $5.51 |
| Free cash flow per share | $4.72 | $4.11 | $3.11 | $4.54 |
| Cash per share | $4.37 | $0.79 | $0.66 | — |
| Book value per share | $33.87 | $50.82 | $52.23 | — |
| Tangible book value per share | −$7.34 | $9.45 | $9.29 | — |
| Dividends per share | $0.06 | $0.00 | $0.00 | — |
| Capex per share | $1.36 | $0.95 | $1.10 | $0.96 |
| Debt per share | $23.77 | $0.91 | $1.06 | — |
| Shares outstanding | 209.5M | 209.4M | 209.4M | 209.4M |
| Change in shares outstanding | +0.0% | 0.0% | 0.0% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | 7.8% | 6.4% | 4.6% | — |
| Return on invested capital (ROIC) | 7.0% | 6.3% | 5.0% | — |
| Return on assets (ROA) | 5.3% | 5.6% | 4.1% | — |
| Return on tangible assets | 12.7% | 19.2% | 14.4% | — |
| Free cash flow margin | 20.8% | 19.9% | 16.1% | 20.0% |
| Income quality (OCF / net income) | 1.84 | 1.53 | 1.74 | 1.49 |
| Financial health | ||||
| Total debt | $4.98B | $191.0M | $222.0M | — |
| Cash & short-term investments | $915.0M | $166.0M | $139.0M | — |
| Net debt | $4.07B | $25.0M | $83.0M | — |
| Debt / equity | 0.70 | 0.02 | 0.02 | — |
| Debt / assets | 0.35 | 0.02 | 0.02 | — |
| Net debt / EBITDA | 2.90 | 0.02 | 0.08 | — |
| Current ratio | 1.95 | 1.77 | 2.01 | — |
| Quick ratio | 1.46 | 1.06 | 1.23 | — |
| Interest coverage | 15.6 | 3.0 | 41.1 | 33.4 |
| Working capital | $1.28B | $644.0M | $687.0M | — |
| Invested capital | $11.16B | $10.67B | $11.02B | — |
| Tangible asset value | −$1.27B | $2.23B | $2.19B | — |
| Net current asset value | −$4.07B | $106.0M | $32.0M | — |
| Graham number | $50.17 | $61.51 | $53.34 | — |
| Graham net-net per share | −$22.51 | −$1.91 | −$2.07 | — |
| Capital allocation | ||||
| Dividends paid | $13.0M | $0 | $0 | — |
| Dividend payout ratio | 1.9% | 0.0% | 0.0% | — |
| Dividends + buybacks / free cash flow | 1.3% | 0.0% | 0.0% | — |
| Capex / revenue | 6.0% | 4.6% | 5.7% | 4.2% |
| Capex / operating cash flow | 22.4% | 18.9% | 26.2% | 17.5% |
| Capex / depreciation | 0.76 | 0.51 | 0.57 | 0.49 |
| Stock-based compensation / revenue | 0.4% | 0.3% | 0.3% | 0.3% |
| R&D / revenue | 7.4% | 7.2% | 7.5% | 6.9% |
| SG&A / revenue | 13.0% | 14.2% | 13.2% | 10.9% |
| Efficiency | ||||
| Days sales outstanding | 64.3 | 56.4 | 59.4 | — |
| Days of inventory on hand | 83.0 | 88.4 | 85.5 | — |
| Days payables outstanding | 74.6 | 65.2 | 61.6 | — |
| Cash conversion cycle (days) | 72.7 | 79.5 | 83.3 | — |
| Receivables turnover | 5.68 | 6.47 | 6.14 | — |
| Payables turnover | 4.90 | 5.60 | 5.92 | — |
| Inventory turnover | 4.40 | 4.13 | 4.27 | — |
| Asset turnover | 0.36 | 0.35 | 0.32 | — |
| Average receivables | $837.0M | $669.5M | $657.0M | — |
| Average payables | $565.0M | $417.5M | $385.0M | — |
| Average inventory | $629.0M | $565.5M | $534.0M | — |
| Intangibles / total assets | 61.4% | 70.6% | 71.8% | — |
Computed from Q's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
Q valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Qnity Electronics traded at 24.7 times earnings. Based on the latest twelve months, the trailing P/E is 41.2 and the forward P/E is 24.8. Qnity Electronics earned a return on equity of 7.8% and a return on invested capital of 7.0% in fiscal 2025. It ended the year with $5.0 billion of debt and $915.0 million in cash and short-term investments, net debt of $4.1 billion. It returned $13.0 million to shareholders: $13.0 million in dividends and $0 in share buybacks, 1% of free cash flow.
See the Q income statement, the Q chart for price history, or the Q stock overview for the latest quote and news.
Q key metrics FAQ
What is Qnity Electronics's P/E ratio?
Qnity Electronics's trailing P/E ratio is 41.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.8. At the end of fiscal 2025 it was 24.7.
What is Qnity Electronics's EV/EBITDA?
Qnity Electronics's enterprise value was 15.1 times EBITDA at the end of fiscal 2025 (enterprise value $21.2 billion, EBITDA $1.4 billion); the current EV/EBITDA is 20.1.
What is Qnity Electronics's return on equity?
Qnity Electronics's return on equity (ROE) was 7.8% in fiscal 2025: net income of $692.0 million on average shareholders' equity of $8.9 billion.
What is Qnity Electronics's ROIC?
Qnity Electronics's return on invested capital was 7.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Qnity Electronics have?
Qnity Electronics had total debt of $5.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.70 and $4.1 billion of net debt (2.90 times EBITDA).
What is Qnity Electronics's dividend yield?
Qnity Electronics's forward dividend yield is 0.28%. Qnity Electronics paid $13.0 million in dividends in fiscal 2025 ($0.06 per share), a payout ratio of 1.9%.
What is Qnity Electronics's free cash flow yield?
Qnity Electronics generated $988.0 million of free cash flow in fiscal 2025, a free cash flow yield of 5.8% on its market value at year-end ($17.1 billion).
What is Qnity Electronics's current ratio?
Qnity Electronics's current ratio was 1.95 at the end of fiscal 2025: current assets were 1.95 times current liabilities.