Tearsheet

Qnity Electronics (Q)


Market Price (12/4/2025): $81.9 | Market Cap: $17.2 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Qnity Electronics (Q)


Market Price (12/4/2025): $81.9
Market Cap: $17.2 Bil
Sector: Information Technology
Industry: 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


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
 
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%

Valuation, Metrics & Events

Q Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points for Qnity Electronics (symbol: Q) stock movement from August 31, 2025, to December 4, 2025: 1. Qnity Electronics officially commenced "regular-way" trading on the NYSE on November 3, 2025, following its spin-off from DuPont de Nemours, Inc. on November 1, 2025. This marked its debut as an independent technology solutions leader focused on the semiconductor industry.

2. The company was immediately included in the prestigious S&P 500 index on its debut day. This inclusion is generally seen as a positive factor that can generate immediate demand from index-tracking funds.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
Q Return0%0%0%0%0%- 
Peers Return46%48%-27%47%4%65%302%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
Q Win Rate0%0%0%0%0%10% 
Peers Win Rate50%53%32%52%40%50% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
Q Max Drawdown0%0%0%0%0%0% 
Peers Max Drawdown-29%-3%-41%-2%-7%-19% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: Q, AMAT, LRCX, KLAC, TER.
[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 12/3/2025 (YTD)

How Low Can It Go

Q has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

Unique KeyEventXLKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven51.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven278 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-31.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven46.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven79 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven31.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-53.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven115.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1183 days1480 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.

About Qnity Electronics (Q)

Better Bets than Qnity Electronics (Q)

Trade Ideas

Select past ideas related to Q. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.9%0.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.8%0.8%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.3%3.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.1%5.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.0%4.0%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.9%0.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.8%0.8%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.3%3.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.1%5.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.0%4.0%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Qnity Electronics

Peers to compare with:

Financials

QAMATLRCXKLACTERMedian
NameQnity El.Applied .Lam Rese.KLA Teradyne  
Mkt Price80.28268.63159.751,211.75195.08195.08
Mkt Cap-214.4202.0159.730.9180.8
Rev LTM4,37428,61319,59212,5242,86012,524
Op Inc LTM8638,6236,4665,2315395,231
FCF LTM6585,8235,5503,8734573,873
FCF 3Y Avg-6,4574,9643,4134274,188
CFO LTM9167,7056,3844,2486754,248
CFO 3Y Avg-7,7885,5313,7376114,634

Growth & Margins

QAMATLRCXKLACTERMedian
NameQnity El.Applied .Lam Rese.KLA Teradyne  
Rev Chg LTM-6.6%25.7%22.1%4.5%14.3%
Rev Chg 3Y Avg-4.4%4.0%8.7%-4.3%4.2%
Rev Chg Q-7.7%27.7%13.0%4.3%10.3%
QoQ Delta Rev Chg LTM-1.9%6.3%3.0%1.1%2.4%
Op Mgn LTM19.7%30.1%33.0%41.8%18.8%30.1%
Op Mgn 3Y Avg-29.4%30.2%38.9%19.4%29.8%
QoQ Delta Op Mgn LTM-0.5%1.0%0.5%-0.4%0.5%
CFO/Rev LTM20.9%26.9%32.6%33.9%23.6%26.9%
CFO/Rev 3Y Avg-28.5%32.5%34.0%22.0%30.5%
FCF/Rev LTM15.0%20.4%28.3%30.9%16.0%20.4%
FCF/Rev 3Y Avg-23.7%29.3%31.1%15.4%26.5%

Valuation

QAMATLRCXKLACTERMedian
NameQnity El.Applied .Lam Rese.KLA Teradyne  
Mkt Cap-214.4202.0159.730.9180.8
P/S-5.18.611.37.68.1
P/EBIT-15.925.327.541.626.4
P/E-21.429.133.549.331.3
P/CFO-19.026.533.532.329.4
Total Yield-5.6%4.1%3.7%2.4%3.9%
Dividend Yield-0.9%0.7%0.7%0.4%0.7%
FCF Yield 3Y Avg-4.4%4.4%3.6%2.2%4.0%
D/E-0.00.00.00.00.0
Net D/E--0.0-0.00.0-0.0-0.0

Returns

QAMATLRCXKLACTERMedian
NameQnity El.Applied .Lam Rese.KLA Teradyne  
1M Rtn-13.2%-0.8%-0.4%6.6%3.1%
3M Rtn-72.3%64.0%43.8%63.4%63.7%
6M Rtn-66.7%89.6%55.5%138.1%78.1%
12M Rtn-48.1%106.4%83.6%69.7%76.6%
3Y Rtn-158.6%261.5%220.3%113.2%189.5%
1M Excs Rtn-13.3%-0.7%-0.4%6.7%3.1%
3M Excs Rtn-64.7%54.3%33.6%58.3%56.3%
6M Excs Rtn-52.0%74.9%40.8%123.4%63.4%
12M Excs Rtn-41.7%105.3%75.3%64.6%69.9%
3Y Excs Rtn-93.9%200.5%160.0%46.2%127.0%

Financials

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity2,449,856
Short Interest: % Change Since 10312025457817.0%
Average Daily Volume4,605,111
Days-to-Cover Short Interest1
Basic Shares Quantity209,433,618
Short % of Basic Shares1.2%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025924202510-12B/A 6/30/2025
12312024618202510-12B/A 12/31/2024