Qnity Electronics (Q)
Market Price (12/18/2025): $76.29 | Market Cap: $16.0 BilSector: Information Technology | Industry: Semiconductor Materials & Equipment
Qnity Electronics (Q)
Market Price (12/18/2025): $76.29Market Cap: $16.0 BilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% | Key risksQ key risks include [1] intensifying competition and [2] the impact of China's de-stocking due to U.S. Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Key risksQ key risks include [1] intensifying competition and [2] the impact of China's de-stocking due to U.S. Show more. |
Valuation, Metrics & Events
Q Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Spin-off and Independent Trading. Qnity Electronics completed its separation from DuPont on November 1, 2025, and subsequently began "regular way" trading on the NYSE under the symbol "Q". This event established Qnity as an independent public company, leading to significant initial stock price discovery and movement as the market reacted to the newly independent entity. 2. Third Quarter 2025 Earnings Report. On November 6, 2025, Qnity released an update on its estimated Q3 2025 results. The company reported net sales of $1.3 billion and adjusted pro forma operating EBITDA of $370 million. Despite raising its full-year 2025 net sales guidance to $4.7 billion, the stock experienced a 6.34% decline following the earnings announcement, suggesting a mixed or cautious market reaction.
Show moreStock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| Q Return | � | � | � | � | � | � | � |
| Peers Return | 71% | 56% | -39% | 97% | 59% | 24% | 536% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| Q Win Rate | � | � | � | � | � | 0% | |
| Peers Win Rate | 67% | 67% | 28% | 73% | 67% | 57% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| Q Max Drawdown | � | � | � | � | � | � | |
| Peers Max Drawdown | -17% | -8% | -44% | -3% | -6% | -25% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: AAPL, MSFT, GOOGL, AMZN, NVDA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
Q has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to Q. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 9.6% | 9.6% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 10.1% | 10.1% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 13.5% | 13.5% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 9.1% | 9.1% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 11.5% | 11.5% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 9.6% | 9.6% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 10.1% | 10.1% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 13.5% | 13.5% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 9.1% | 9.1% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 11.5% | 11.5% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Qnity Electronics
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 246.56 |
| Mkt Cap | 3,586.2 |
| Rev LTM | 339,644 |
| Op Inc LTM | 117,100 |
| FCF LTM | 75,438 |
| FCF 3Y Avg | 68,998 |
| CFO LTM | 114,851 |
| CFO 3Y Avg | 111,559 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.4% |
| Rev Chg 3Y Avg | 11.3% |
| Rev Chg Q | 14.6% |
| QoQ Delta Rev Chg LTM | 3.4% |
| Op Mgn LTM | 32.0% |
| Op Mgn 3Y Avg | 30.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 32.9% |
| CFO/Rev 3Y Avg | 35.3% |
| FCF/Rev LTM | 21.3% |
| FCF/Rev 3Y Avg | 25.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3,586.2 |
| P/S | 9.3 |
| P/EBIT | 28.3 |
| P/E | 36.7 |
| P/CFO | 26.2 |
| Total Yield | 3.0% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 2.7% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.6% |
| 3M Rtn | 0.4% |
| 6M Rtn | 17.5% |
| 12M Rtn | 7.7% |
| 3Y Rtn | 151.8% |
| 1M Excs Rtn | -6.3% |
| 3M Excs Rtn | -4.4% |
| 6M Excs Rtn | 5.1% |
| 12M Excs Rtn | -1.0% |
| 3Y Excs Rtn | 75.9% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -1.1% | -8.0% | -8.8% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 1 | 1 | 1 |
| Median Positive | |||
| Median Negative | -1.1% | -8.0% | -8.8% |
| Max Positive | |||
| Max Negative | -1.1% | -8.0% | -8.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11182025 | 10-Q 9/30/2025 |
| 6302025 | 9242025 | 10-12B/A 6/30/2025 |
| 12312024 | 6182025 | 10-12B/A 12/31/2024 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |