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Side-by-side financial comparison of CrowdStrike (CRWD) 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 $1.2B, roughly 1.0× CrowdStrike). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -2.8%, a 19.3% gap on every dollar of revenue. On growth, CrowdStrike posted the faster year-over-year revenue change (22.2% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $314.1M).
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services.
CRWD vs Q — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $-34.0M | $211.0M |
| Gross Margin | 75.1% | 45.1% |
| Operating Margin | -5.6% | 21.3% |
| Net Margin | -2.8% | 16.5% |
| Revenue YoY | 22.2% | 11.1% |
| Net Profit YoY | -102.1% | 6.0% |
| EPS (diluted) | $-0.14 | $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.
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $963.9M | $1.1B | ||
| Q2 24 | $921.0M | — | ||
| Q1 24 | $845.3M | — |
| Q4 25 | $-34.0M | — | ||
| Q3 25 | $-77.7M | $211.0M | ||
| Q2 25 | $-110.2M | — | ||
| Q1 25 | $-92.3M | — | ||
| Q4 24 | $-16.8M | — | ||
| Q3 24 | $47.0M | $199.0M | ||
| Q2 24 | $42.8M | — | ||
| Q1 24 | $53.7M | — |
| Q4 25 | 75.1% | — | ||
| Q3 25 | 73.5% | 45.1% | ||
| Q2 25 | 73.8% | — | ||
| Q1 25 | 74.1% | — | ||
| Q4 24 | 74.7% | — | ||
| Q3 24 | 75.4% | 47.0% | ||
| Q2 24 | 75.6% | — | ||
| Q1 24 | 75.3% | — |
| Q4 25 | -5.6% | — | ||
| Q3 25 | -9.7% | 21.3% | ||
| Q2 25 | -11.3% | — | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | -5.5% | — | ||
| Q3 24 | 1.4% | 21.8% | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | -2.8% | — | ||
| Q3 25 | -6.6% | 16.5% | ||
| Q2 25 | -10.0% | — | ||
| Q1 25 | -8.7% | — | ||
| Q4 24 | -1.7% | — | ||
| Q3 24 | 4.9% | 17.3% | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 6.4% | — |
| Q4 25 | $-0.14 | — | ||
| Q3 25 | $-0.31 | $1.01 | ||
| Q2 25 | $-0.44 | — | ||
| Q1 25 | $-0.37 | — | ||
| Q4 24 | $-0.07 | — | ||
| Q3 24 | $0.19 | $0.95 | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $0.23 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.8B | $128.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $4.0B | $9.1B |
| Total Assets | $10.0B | $12.5B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.8B | — | ||
| Q3 25 | $5.0B | $128.0M | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.5B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $4.0B | — | ||
| Q3 25 | $3.8B | $9.1B | ||
| Q2 25 | $3.5B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.9B | $11.1B | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $10.0B | — | ||
| Q3 25 | $9.3B | $12.5B | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $7.2B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $6.6B | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $397.5M | $782.0M |
| Free Cash FlowOCF − Capex | $314.1M | $568.0M |
| FCF MarginFCF / Revenue | 25.5% | 44.5% |
| Capex IntensityCapex / Revenue | 6.8% | 16.8% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $397.5M | — | ||
| Q3 25 | $332.8M | $782.0M | ||
| Q2 25 | $384.1M | — | ||
| Q1 25 | $345.7M | — | ||
| Q4 24 | $326.1M | — | ||
| Q3 24 | $326.6M | — | ||
| Q2 24 | $383.2M | — | ||
| Q1 24 | $347.0M | — |
| Q4 25 | $314.1M | — | ||
| Q3 25 | $302.3M | $568.0M | ||
| Q2 25 | $298.4M | — | ||
| Q1 25 | $258.5M | — | ||
| Q4 24 | $247.4M | — | ||
| Q3 24 | $287.4M | — | ||
| Q2 24 | $333.5M | — | ||
| Q1 24 | $294.4M | — |
| Q4 25 | 25.5% | — | ||
| Q3 25 | 25.9% | 44.5% | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 34.8% | — |
| Q4 25 | 6.8% | — | ||
| Q3 25 | 2.6% | 16.8% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.71× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | — | ||
| Q2 24 | 8.95× | — | ||
| Q1 24 | 6.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
