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Side-by-side financial comparison of Designer Brands Inc. (DBI) 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 $752.4M, roughly 1.7× Designer Brands Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 2.4%, a 14.1% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -3.2%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $57.5M).

Designer Brands Inc. is an American company that sells designer and name brand shoes and fashion accessories. It owns the Designer Shoe Warehouse (DSW) store chain, and operates over 500 stores in the United States and an e-commerce website.

DBI vs Q — Head-to-Head

Bigger by revenue
Q
Q
1.7× larger
Q
$1.3B
$752.4M
DBI
Growing faster (revenue YoY)
Q
Q
+14.3% gap
Q
11.1%
-3.2%
DBI
Higher net margin
Q
Q
14.1% more per $
Q
16.5%
2.4%
DBI
More free cash flow
Q
Q
$510.5M more FCF
Q
$568.0M
$57.5M
DBI

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
DBI
DBI
Q
Q
Revenue
$752.4M
$1.3B
Net Profit
$18.2M
$211.0M
Gross Margin
45.1%
45.1%
Operating Margin
5.7%
21.3%
Net Margin
2.4%
16.5%
Revenue YoY
-3.2%
11.1%
Net Profit YoY
40.0%
6.0%
EPS (diluted)
$0.35
$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
DBI
DBI
Q
Q
Q4 25
$752.4M
Q3 25
$739.8M
$1.3B
Q2 25
$686.9M
Q1 25
$713.6M
Q4 24
$777.2M
Q3 24
$771.9M
$1.1B
Q2 24
$746.6M
Q1 24
$754.3M
Net Profit
DBI
DBI
Q
Q
Q4 25
$18.2M
Q3 25
$10.8M
$211.0M
Q2 25
$-17.4M
Q1 25
$-38.2M
Q4 24
$13.0M
Q3 24
$13.8M
$199.0M
Q2 24
$783.0K
Q1 24
$-29.6M
Gross Margin
DBI
DBI
Q
Q
Q4 25
45.1%
Q3 25
43.7%
45.1%
Q2 25
43.0%
Q1 25
75.7%
Q4 24
43.0%
Q3 24
44.0%
47.0%
Q2 24
44.2%
Q1 24
38.8%
Operating Margin
DBI
DBI
Q
Q
Q4 25
5.7%
Q3 25
3.6%
21.3%
Q2 25
-1.1%
Q1 25
-3.6%
Q4 24
2.9%
Q3 24
3.7%
21.8%
Q2 24
1.3%
Q1 24
-4.8%
Net Margin
DBI
DBI
Q
Q
Q4 25
2.4%
Q3 25
1.5%
16.5%
Q2 25
-2.5%
Q1 25
-5.3%
Q4 24
1.7%
Q3 24
1.8%
17.3%
Q2 24
0.1%
Q1 24
-3.9%
EPS (diluted)
DBI
DBI
Q
Q
Q4 25
$0.35
Q3 25
$0.22
$1.01
Q2 25
$-0.36
Q1 25
$-0.69
Q4 24
$0.24
Q3 24
$0.24
$0.95
Q2 24
$0.01
Q1 24
$-899.54

Balance Sheet & Financial Strength

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

Metric
DBI
DBI
Q
Q
Cash + ST InvestmentsLiquidity on hand
$51.4M
$128.0M
Total DebtLower is stronger
$463.1M
$1.7B
Stockholders' EquityBook value
$298.6M
$9.1B
Total Assets
$2.1B
$12.5B
Debt / EquityLower = less leverage
1.55×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBI
DBI
Q
Q
Q4 25
$51.4M
Q3 25
$44.9M
$128.0M
Q2 25
$46.0M
Q1 25
$44.8M
Q4 24
$36.2M
Q3 24
$38.8M
Q2 24
$43.4M
Q1 24
$49.2M
Total Debt
DBI
DBI
Q
Q
Q4 25
$463.1M
Q3 25
$509.6M
$1.7B
Q2 25
$516.2M
Q1 25
$484.3M
Q4 24
$529.6M
Q3 24
$459.0M
Q2 24
$469.3M
Q1 24
$420.3M
Stockholders' Equity
DBI
DBI
Q
Q
Q4 25
$298.6M
Q3 25
$280.8M
$9.1B
Q2 25
$266.9M
Q1 25
$278.5M
Q4 24
$318.5M
Q3 24
$355.5M
$11.1B
Q2 24
$358.5M
Q1 24
$359.2M
Total Assets
DBI
DBI
Q
Q
Q4 25
$2.1B
Q3 25
$2.1B
$12.5B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.2B
Q1 24
$2.1B
Debt / Equity
DBI
DBI
Q
Q
Q4 25
1.55×
Q3 25
1.81×
0.19×
Q2 25
1.93×
Q1 25
1.74×
Q4 24
1.66×
Q3 24
1.29×
Q2 24
1.31×
Q1 24
1.17×

Cash Flow & Capital Efficiency

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

Metric
DBI
DBI
Q
Q
Operating Cash FlowLast quarter
$66.5M
$782.0M
Free Cash FlowOCF − Capex
$57.5M
$568.0M
FCF MarginFCF / Revenue
7.6%
44.5%
Capex IntensityCapex / Revenue
1.2%
16.8%
Cash ConversionOCF / Net Profit
3.65×
3.71×
TTM Free Cash FlowTrailing 4 quarters
$99.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBI
DBI
Q
Q
Q4 25
$66.5M
Q3 25
$21.4M
$782.0M
Q2 25
$-20.4M
Q1 25
$70.1M
Q4 24
$-9.8M
Q3 24
$41.6M
Q2 24
$-19.7M
Q1 24
$-40.1M
Free Cash Flow
DBI
DBI
Q
Q
Q4 25
$57.5M
Q3 25
$11.9M
$568.0M
Q2 25
$-27.6M
Q1 25
$58.1M
Q4 24
$-19.2M
Q3 24
$28.0M
Q2 24
$-35.6M
Q1 24
$-52.8M
FCF Margin
DBI
DBI
Q
Q
Q4 25
7.6%
Q3 25
1.6%
44.5%
Q2 25
-4.0%
Q1 25
8.1%
Q4 24
-2.5%
Q3 24
3.6%
Q2 24
-4.8%
Q1 24
-7.0%
Capex Intensity
DBI
DBI
Q
Q
Q4 25
1.2%
Q3 25
1.3%
16.8%
Q2 25
1.1%
Q1 25
1.7%
Q4 24
1.2%
Q3 24
1.8%
Q2 24
2.1%
Q1 24
1.7%
Cash Conversion
DBI
DBI
Q
Q
Q4 25
3.65×
Q3 25
1.98×
3.71×
Q2 25
Q1 25
Q4 24
-0.75×
Q3 24
3.01×
Q2 24
-25.13×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DBI
DBI

Womens$280.7M37%
Athletic Footwear$188.6M25%
Wholesale$89.8M12%
Canada Retail Segment$77.3M10%
Mens$76.1M10%
Kids$24.2M3%
Commission Income$10.8M1%
Directto Consumer$1.3M0%

Q
Q

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

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