QQnity Electronics

$126.68

Is the business good?

Mixed

The checks split: 5 of 9 health tests passed and returns not propped up by debt.

2 neutral, 2 without data
Fundamental health (F-score)5 / 9SEC EDGAR · Dec 31, 2025

Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.

Where ROE comes from5% ROAderived

A balanced mix of margins, efficiency, and leverage. ROE 9% = margin × turnover × leverage.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversionbetter than 66% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is Q?

Qnity Electronics keeps 12% of every revenue dollar as profit after everything, against 12% for the median Semiconductor Equipment & Materials name.

12%

Net margin · Semiconductor Equipment & Materials median 12% · 12 months to Q2 2026

Share count, year on year
+0.38%

Share count, year on year · flat: no meaningful dilution

R&D as % of revenue
7.2%

R&D as % of revenue

Gross margin
46%

Gross margin

Details›
Gross margin12 months to Q2 2026
46%
Net margin12 months to Q2 2026
12%
Free cash flow margin
16%
R&D as % of revenue
7.2%
Revenue, trailing twelve months
$5.21B
Free cash flow, trailing twelve months
$825M
Net income, trailing twelve months
$630M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.