vs
Side-by-side financial comparison of Digital Realty (DLR) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.3× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 6.0%, a 10.5% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 11.1%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
DLR vs Q — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $98.6M | $211.0M |
| Gross Margin | — | 45.1% |
| Operating Margin | 6.9% | 21.3% |
| Net Margin | 6.0% | 16.5% |
| Revenue YoY | 16.1% | 11.1% |
| Net Profit YoY | -10.3% | 6.0% |
| EPS (diluted) | $0.22 | $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.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | — | ||
| Q3 25 | $67.8M | $211.0M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $110.0M | — | ||
| Q4 24 | $189.6M | — | ||
| Q3 24 | $51.2M | $199.0M | ||
| Q2 24 | $80.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 45.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | — |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 8.8% | 21.3% | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 13.9% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 11.8% | 21.8% | ||
| Q2 24 | 0.7% | — |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 4.3% | 16.5% | ||
| Q2 25 | 69.1% | — | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 3.6% | 17.3% | ||
| Q2 24 | 5.9% | — |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.15 | $1.01 | ||
| Q2 25 | $2.94 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.50 | — | ||
| Q3 24 | $0.09 | $0.95 | ||
| Q2 24 | $0.20 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | $128.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $22.9B | $9.1B |
| Total Assets | $49.4B | $12.5B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | $128.0M | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | — | ||
| Q3 25 | $23.0B | $9.1B | ||
| Q2 25 | $22.9B | — | ||
| Q1 25 | $21.3B | — | ||
| Q4 24 | $21.3B | — | ||
| Q3 24 | $21.2B | $11.1B | ||
| Q2 24 | $20.5B | — |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | — | ||
| Q3 25 | $48.7B | $12.5B | ||
| Q2 25 | $48.7B | — | ||
| Q1 25 | $45.1B | — | ||
| Q4 24 | $45.3B | — | ||
| Q3 24 | $45.3B | — | ||
| Q2 24 | $43.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $782.0M |
| Free Cash FlowOCF − Capex | — | $568.0M |
| FCF MarginFCF / Revenue | — | 44.5% |
| Capex IntensityCapex / Revenue | — | 16.8% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | — | ||
| Q3 25 | $652.9M | $782.0M | ||
| Q2 25 | $641.2M | — | ||
| Q1 25 | $399.1M | — | ||
| Q4 24 | $769.5M | — | ||
| Q3 24 | $566.5M | — | ||
| Q2 24 | $573.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $568.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | — | ||
| Q3 25 | 9.63× | 3.71× | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 3.63× | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | 11.07× | — | ||
| Q2 24 | 7.15× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLR
Segment breakdown not available.
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
