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Side-by-side financial comparison of AMERICOLD REALTY TRUST (COLD) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.

Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $643.1M, roughly 2.0× AMERICOLD REALTY TRUST). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -13.7%, a 30.3% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -0.7%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $-12.2M).

Americold Realty Trust, Inc. is an American temperature controlled warehousing and transportation company based in Atlanta, Georgia, United States. It is in the business of modern commercialized temperature controlled warehousing for the storage of perishable goods via a cold chain, one of the forms of food preservation. Americold is the 2nd largest temperature-controlled warehousing and distribution services provider in the world.

COLD vs Q — Head-to-Head

Bigger by revenue
Q
Q
2.0× larger
Q
$1.3B
$643.1M
COLD
Growing faster (revenue YoY)
Q
Q
+11.8% gap
Q
11.1%
-0.7%
COLD
Higher net margin
Q
Q
30.3% more per $
Q
16.5%
-13.7%
COLD
More free cash flow
Q
Q
$580.2M more FCF
Q
$568.0M
$-12.2M
COLD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
COLD
COLD
Q
Q
Revenue
$643.1M
$1.3B
Net Profit
$-88.3M
$211.0M
Gross Margin
31.3%
45.1%
Operating Margin
-10.8%
21.3%
Net Margin
-13.7%
16.5%
Revenue YoY
-0.7%
11.1%
Net Profit YoY
-143.9%
6.0%
EPS (diluted)
$-0.31
$1.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COLD
COLD
Q
Q
Q4 25
$643.1M
Q3 25
$649.0M
$1.3B
Q2 25
$635.1M
Q1 25
$613.7M
Q4 24
$647.4M
Q3 24
$660.4M
$1.1B
Q2 24
$645.6M
Q1 24
$651.4M
Net Profit
COLD
COLD
Q
Q
Q4 25
$-88.3M
Q3 25
$-11.4M
$211.0M
Q2 25
$1.5M
Q1 25
$-16.4M
Q4 24
$-36.2M
Q3 24
$-3.7M
$199.0M
Q2 24
$-64.1M
Q1 24
$9.7M
Gross Margin
COLD
COLD
Q
Q
Q4 25
31.3%
Q3 25
29.3%
45.1%
Q2 25
30.9%
Q1 25
31.1%
Q4 24
29.7%
Q3 24
29.6%
47.0%
Q2 24
31.0%
Q1 24
30.3%
Operating Margin
COLD
COLD
Q
Q
Q4 25
-10.8%
Q3 25
2.6%
21.3%
Q2 25
5.9%
Q1 25
3.6%
Q4 24
-1.8%
Q3 24
4.6%
21.8%
Q2 24
9.8%
Q1 24
6.4%
Net Margin
COLD
COLD
Q
Q
Q4 25
-13.7%
Q3 25
-1.8%
16.5%
Q2 25
0.2%
Q1 25
-2.7%
Q4 24
-5.6%
Q3 24
-0.6%
17.3%
Q2 24
-9.9%
Q1 24
1.5%
EPS (diluted)
COLD
COLD
Q
Q
Q4 25
$-0.31
Q3 25
$-0.04
$1.01
Q2 25
$0.01
Q1 25
$-0.06
Q4 24
$-0.12
Q3 24
$-0.01
$0.95
Q2 24
$-0.23
Q1 24
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COLD
COLD
Q
Q
Cash + ST InvestmentsLiquidity on hand
$136.9M
$128.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$2.9B
$9.1B
Total Assets
$8.1B
$12.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLD
COLD
Q
Q
Q4 25
$136.9M
Q3 25
$33.3M
$128.0M
Q2 25
$101.4M
Q1 25
$38.9M
Q4 24
$47.7M
Q3 24
$61.3M
Q2 24
$44.2M
Q1 24
$59.2M
Total Debt
COLD
COLD
Q
Q
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
COLD
COLD
Q
Q
Q4 25
$2.9B
Q3 25
$3.0B
$9.1B
Q2 25
$3.1B
Q1 25
$3.2B
Q4 24
$3.3B
Q3 24
$3.4B
$11.1B
Q2 24
$3.4B
Q1 24
$3.6B
Total Assets
COLD
COLD
Q
Q
Q4 25
$8.1B
Q3 25
$8.1B
$12.5B
Q2 25
$8.1B
Q1 25
$7.8B
Q4 24
$7.7B
Q3 24
$7.9B
Q2 24
$7.8B
Q1 24
$7.8B
Debt / Equity
COLD
COLD
Q
Q
Q4 25
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COLD
COLD
Q
Q
Operating Cash FlowLast quarter
$130.2M
$782.0M
Free Cash FlowOCF − Capex
$-12.2M
$568.0M
FCF MarginFCF / Revenue
-1.9%
44.5%
Capex IntensityCapex / Revenue
22.1%
16.8%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$-217.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLD
COLD
Q
Q
Q4 25
$130.2M
Q3 25
$78.9M
$782.0M
Q2 25
$120.3M
Q1 25
$30.2M
Q4 24
$162.6M
Q3 24
$50.6M
Q2 24
$136.7M
Q1 24
$62.0M
Free Cash Flow
COLD
COLD
Q
Q
Q4 25
$-12.2M
Q3 25
$-65.4M
$568.0M
Q2 25
$-57.4M
Q1 25
$-82.3M
Q4 24
$57.4M
Q3 24
$-44.5M
Q2 24
$73.3M
Q1 24
$16.2M
FCF Margin
COLD
COLD
Q
Q
Q4 25
-1.9%
Q3 25
-10.1%
44.5%
Q2 25
-9.0%
Q1 25
-13.4%
Q4 24
8.9%
Q3 24
-6.7%
Q2 24
11.4%
Q1 24
2.5%
Capex Intensity
COLD
COLD
Q
Q
Q4 25
22.1%
Q3 25
22.2%
16.8%
Q2 25
28.0%
Q1 25
18.3%
Q4 24
16.3%
Q3 24
14.4%
Q2 24
9.8%
Q1 24
7.0%
Cash Conversion
COLD
COLD
Q
Q
Q4 25
Q3 25
3.71×
Q2 25
78.18×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
6.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COLD
COLD

Warehouse Services$269.0M42%
Warehouse Rent And Storage$199.9M31%
Other Facilities Costs$60.0M9%
Transportation Segment$48.3M8%
Power$34.7M5%
Transportation$22.0M3%
Third Party Managed Segment$9.5M1%
Third Party Managed$2.4M0%

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

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