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Side-by-side financial comparison of Fabrinet (FN) 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 $1.1B, roughly 1.1× Fabrinet). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 9.9%, a 6.6% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $-5.3M).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
FN vs Q — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.3B |
| Net Profit | $112.6M | $211.0M |
| Gross Margin | 12.2% | 45.1% |
| Operating Margin | 10.1% | 21.3% |
| Net Margin | 9.9% | 16.5% |
| Revenue YoY | 35.9% | 11.1% |
| Net Profit YoY | 30.0% | 6.0% |
| EPS (diluted) | $3.11 | $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 | $1.1B | — | ||
| Q3 25 | $978.1M | $1.3B | ||
| Q2 25 | $909.7M | — | ||
| Q1 25 | $871.8M | — | ||
| Q4 24 | $833.6M | — | ||
| Q3 24 | $804.2M | $1.1B | ||
| Q2 24 | $753.3M | — | ||
| Q1 24 | $731.5M | — |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $95.9M | $211.0M | ||
| Q2 25 | $87.2M | — | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $77.4M | $199.0M | ||
| Q2 24 | $81.1M | — | ||
| Q1 24 | $80.9M | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | 45.1% | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | 47.0% | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 9.6% | 21.3% | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.6% | 21.8% | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 9.7% | — |
| Q4 25 | 9.9% | — | ||
| Q3 25 | 9.8% | 16.5% | ||
| Q2 25 | 9.6% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 9.6% | 17.3% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 11.1% | — |
| Q4 25 | $3.11 | — | ||
| Q3 25 | $2.66 | $1.01 | ||
| Q2 25 | $2.41 | — | ||
| Q1 25 | $2.25 | — | ||
| Q4 24 | $2.38 | — | ||
| Q3 24 | $2.13 | $0.95 | ||
| Q2 24 | $2.22 | — | ||
| Q1 24 | $2.21 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.8M | $128.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $2.2B | $9.1B |
| Total Assets | $3.3B | $12.5B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | — | ||
| Q3 25 | $968.8M | $128.0M | ||
| Q2 25 | $934.2M | — | ||
| Q1 25 | $950.7M | — | ||
| Q4 24 | $934.6M | — | ||
| Q3 24 | $908.9M | — | ||
| Q2 24 | $858.6M | — | ||
| Q1 24 | $794.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $9.1B | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $11.1B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.0B | $12.5B | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | — |
| 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 | $46.3M | $782.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $568.0M |
| FCF MarginFCF / Revenue | -0.5% | 44.5% |
| Capex IntensityCapex / Revenue | 4.6% | 16.8% |
| Cash ConversionOCF / Net Profit | 0.41× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | — | ||
| Q3 25 | $102.6M | $782.0M | ||
| Q2 25 | $55.1M | — | ||
| Q1 25 | $74.2M | — | ||
| Q4 24 | $115.9M | — | ||
| Q3 24 | $83.2M | — | ||
| Q2 24 | $83.1M | — | ||
| Q1 24 | $100.9M | — |
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $57.3M | $568.0M | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | — | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $87.3M | — |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.9% | 44.5% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 11.9% | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.6% | 16.8% | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | 3.71× | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 1.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
