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Side-by-side financial comparison of Capri Holdings Ltd (CPRI) 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 $1.0B, roughly 1.2× Capri Holdings Ltd). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 11.3%, a 5.2% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -18.7%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $183.0M).

Capri Holdings Limited is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York. It was founded in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories. In 2015, the company had more than 550 stores and over 1,500 in-store boutiques in various countries.

CPRI vs Q — Head-to-Head

Bigger by revenue
Q
Q
1.2× larger
Q
$1.3B
$1.0B
CPRI
Growing faster (revenue YoY)
Q
Q
+29.9% gap
Q
11.1%
-18.7%
CPRI
Higher net margin
Q
Q
5.2% more per $
Q
16.5%
11.3%
CPRI
More free cash flow
Q
Q
$385.0M more FCF
Q
$568.0M
$183.0M
CPRI

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
CPRI
CPRI
Q
Q
Revenue
$1.0B
$1.3B
Net Profit
$116.0M
$211.0M
Gross Margin
60.8%
45.1%
Operating Margin
4.5%
21.3%
Net Margin
11.3%
16.5%
Revenue YoY
-18.7%
11.1%
Net Profit YoY
121.2%
6.0%
EPS (diluted)
$0.96
$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
CPRI
CPRI
Q
Q
Q4 25
$1.0B
Q3 25
$856.0M
$1.3B
Q2 25
$797.0M
Q1 25
$1.6B
Q4 24
$1.1B
Q3 24
$878.0M
$1.1B
Q2 24
$848.0M
Q4 23
$1.4B
Net Profit
CPRI
CPRI
Q
Q
Q4 25
$116.0M
Q3 25
$-28.0M
$211.0M
Q2 25
$53.0M
Q1 25
$-645.0M
Q4 24
$-547.0M
Q3 24
$24.0M
$199.0M
Q2 24
$-14.0M
Q4 23
$105.0M
Gross Margin
CPRI
CPRI
Q
Q
Q4 25
60.8%
Q3 25
61.0%
45.1%
Q2 25
63.0%
Q1 25
64.9%
Q4 24
63.1%
Q3 24
62.3%
47.0%
Q2 24
63.1%
Q4 23
65.0%
Operating Margin
CPRI
CPRI
Q
Q
Q4 25
4.5%
Q3 25
-1.4%
21.3%
Q2 25
2.0%
Q1 25
-47.5%
Q4 24
2.4%
Q3 24
-0.7%
21.8%
Q2 24
1.3%
Q4 23
8.5%
Net Margin
CPRI
CPRI
Q
Q
Q4 25
11.3%
Q3 25
-3.3%
16.5%
Q2 25
6.6%
Q1 25
-39.1%
Q4 24
-51.2%
Q3 24
2.7%
17.3%
Q2 24
-1.7%
Q4 23
7.4%
EPS (diluted)
CPRI
CPRI
Q
Q
Q4 25
$0.96
Q3 25
$-0.22
$1.01
Q2 25
$0.44
Q1 25
$-5.47
Q4 24
$-4.61
Q3 24
$0.20
$0.95
Q2 24
$-0.12
Q4 23
$0.88

Balance Sheet & Financial Strength

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

Metric
CPRI
CPRI
Q
Q
Cash + ST InvestmentsLiquidity on hand
$154.0M
$128.0M
Total DebtLower is stronger
$234.0M
$1.7B
Stockholders' EquityBook value
$105.0M
$9.1B
Total Assets
$3.3B
$12.5B
Debt / EquityLower = less leverage
2.23×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPRI
CPRI
Q
Q
Q4 25
$154.0M
Q3 25
$120.0M
$128.0M
Q2 25
$129.0M
Q1 25
$107.0M
Q4 24
$356.0M
Q3 24
$182.0M
Q2 24
$213.0M
Q4 23
$249.0M
Total Debt
CPRI
CPRI
Q
Q
Q4 25
$234.0M
Q3 25
$1.8B
$1.7B
Q2 25
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.7B
Q2 24
$1.7B
Q4 23
$1.8B
Stockholders' Equity
CPRI
CPRI
Q
Q
Q4 25
$105.0M
Q3 25
$-74.0M
$9.1B
Q2 25
$-17.0M
Q1 25
$368.0M
Q4 24
$1.1B
Q3 24
$1.5B
$11.1B
Q2 24
$1.6B
Q4 23
$1.9B
Total Assets
CPRI
CPRI
Q
Q
Q4 25
$3.3B
Q3 25
$5.6B
$12.5B
Q2 25
$5.5B
Q1 25
$5.2B
Q4 24
$5.9B
Q3 24
$6.8B
Q2 24
$6.6B
Q4 23
$7.6B
Debt / Equity
CPRI
CPRI
Q
Q
Q4 25
2.23×
Q3 25
0.19×
Q2 25
Q1 25
4.05×
Q4 24
1.38×
Q3 24
1.15×
Q2 24
1.08×
Q4 23
0.95×

Cash Flow & Capital Efficiency

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

Metric
CPRI
CPRI
Q
Q
Operating Cash FlowLast quarter
$202.0M
$782.0M
Free Cash FlowOCF − Capex
$183.0M
$568.0M
FCF MarginFCF / Revenue
17.9%
44.5%
Capex IntensityCapex / Revenue
1.9%
16.8%
Cash ConversionOCF / Net Profit
1.74×
3.71×
TTM Free Cash FlowTrailing 4 quarters
$-134.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPRI
CPRI
Q
Q
Q4 25
$202.0M
Q3 25
$-52.0M
$782.0M
Q2 25
$-8.0M
Q1 25
$-161.0M
Q4 24
$309.0M
Q3 24
$50.0M
Q2 24
$83.0M
Q4 23
$362.0M
Free Cash Flow
CPRI
CPRI
Q
Q
Q4 25
$183.0M
Q3 25
$-65.0M
$568.0M
Q2 25
$-21.0M
Q1 25
$-231.0M
Q4 24
$287.0M
Q3 24
$30.0M
Q2 24
$67.0M
Q4 23
$313.0M
FCF Margin
CPRI
CPRI
Q
Q
Q4 25
17.9%
Q3 25
-7.6%
44.5%
Q2 25
-2.6%
Q1 25
-14.0%
Q4 24
26.9%
Q3 24
3.4%
Q2 24
7.9%
Q4 23
21.9%
Capex Intensity
CPRI
CPRI
Q
Q
Q4 25
1.9%
Q3 25
1.5%
16.8%
Q2 25
1.6%
Q1 25
4.2%
Q4 24
2.1%
Q3 24
2.3%
Q2 24
1.9%
Q4 23
3.4%
Cash Conversion
CPRI
CPRI
Q
Q
Q4 25
1.74×
Q3 25
3.71×
Q2 25
-0.15×
Q1 25
Q4 24
Q3 24
2.08×
Q2 24
Q4 23
3.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CPRI
CPRI

Michael Kors Segment$593.0M58%
Other$379.0M37%
Jimmy Choo Segment$53.0M5%

Q
Q

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

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