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Side-by-side financial comparison of GLOBALFOUNDRIES Inc. (GFS) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.

GLOBALFOUNDRIES Inc. is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 14.8%, a 1.8% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -2.9%).

GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company domiciled in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021. Mubadala remains the majority owner of the company with an 82% stake.

GFS vs Q — Head-to-Head

Bigger by revenue
GFS
GFS
1.3× larger
GFS
$1.7B
$1.3B
Q
Growing faster (revenue YoY)
Q
Q
+14.1% gap
Q
11.1%
-2.9%
GFS
Higher net margin
Q
Q
1.8% more per $
Q
16.5%
14.8%
GFS

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
GFS
GFS
Q
Q
Revenue
$1.7B
$1.3B
Net Profit
$249.0M
$211.0M
Gross Margin
24.8%
45.1%
Operating Margin
11.6%
21.3%
Net Margin
14.8%
16.5%
Revenue YoY
-2.9%
11.1%
Net Profit YoY
39.9%
6.0%
EPS (diluted)
$0.44
$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
GFS
GFS
Q
Q
Q3 25
$1.7B
$1.3B
Q2 25
$1.7B
Q1 25
$1.6B
Q3 24
$1.7B
$1.1B
Q2 24
$1.6B
Q1 24
$1.5B
Q3 23
$1.9B
Q2 23
$1.8B
Net Profit
GFS
GFS
Q
Q
Q3 25
$249.0M
$211.0M
Q2 25
$228.0M
Q1 25
$211.0M
Q3 24
$178.0M
$199.0M
Q2 24
$155.0M
Q1 24
$134.0M
Q3 23
$249.0M
Q2 23
$237.0M
Gross Margin
GFS
GFS
Q
Q
Q3 25
24.8%
45.1%
Q2 25
24.2%
Q1 25
22.4%
Q3 24
23.8%
47.0%
Q2 24
24.2%
Q1 24
25.4%
Q3 23
28.6%
Q2 23
28.8%
Operating Margin
GFS
GFS
Q
Q
Q3 25
11.6%
21.3%
Q2 25
11.6%
Q1 25
9.5%
Q3 24
10.6%
21.8%
Q2 24
9.5%
Q1 24
9.5%
Q3 23
14.1%
Q2 23
14.9%
Net Margin
GFS
GFS
Q
Q
Q3 25
14.8%
16.5%
Q2 25
13.5%
Q1 25
13.3%
Q3 24
10.2%
17.3%
Q2 24
9.5%
Q1 24
8.7%
Q3 23
13.4%
Q2 23
12.8%
EPS (diluted)
GFS
GFS
Q
Q
Q3 25
$0.44
$1.01
Q2 25
$0.41
Q1 25
$0.38
Q3 24
$0.32
$0.95
Q2 24
$0.28
Q1 24
$0.24
Q3 23
$0.45
Q2 23
$0.43

Balance Sheet & Financial Strength

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

Metric
GFS
GFS
Q
Q
Cash + ST InvestmentsLiquidity on hand
$2.0B
$128.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$11.8B
$9.1B
Total Assets
$16.7B
$12.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFS
GFS
Q
Q
Q3 25
$2.0B
$128.0M
Q2 25
$1.8B
Q1 25
$1.6B
Q3 24
$2.3B
Q2 24
$2.2B
Q1 24
$2.2B
Q3 23
$1.9B
Q2 23
$1.8B
Total Debt
GFS
GFS
Q
Q
Q3 25
$1.7B
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Stockholders' Equity
GFS
GFS
Q
Q
Q3 25
$11.8B
$9.1B
Q2 25
$11.5B
Q1 25
$11.1B
Q3 24
$11.6B
$11.1B
Q2 24
$11.3B
Q1 24
$11.3B
Q3 23
$10.8B
Q2 23
$10.6B
Total Assets
GFS
GFS
Q
Q
Q3 25
$16.7B
$12.5B
Q2 25
$16.8B
Q1 25
$16.5B
Q3 24
$18.1B
Q2 24
Q1 24
Q3 23
$17.8B
Q2 23
$17.8B
Debt / Equity
GFS
GFS
Q
Q
Q3 25
0.19×
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23

Cash Flow & Capital Efficiency

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

Metric
GFS
GFS
Q
Q
Operating Cash FlowLast quarter
$595.0M
$782.0M
Free Cash FlowOCF − Capex
$568.0M
FCF MarginFCF / Revenue
44.5%
Capex IntensityCapex / Revenue
16.8%
Cash ConversionOCF / Net Profit
2.39×
3.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFS
GFS
Q
Q
Q3 25
$595.0M
$782.0M
Q2 25
$431.0M
Q1 25
$331.0M
Q3 24
$375.0M
Q2 24
$402.0M
Q1 24
$488.0M
Q3 23
$416.0M
Q2 23
$546.0M
Free Cash Flow
GFS
GFS
Q
Q
Q3 25
$568.0M
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
FCF Margin
GFS
GFS
Q
Q
Q3 25
44.5%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Capex Intensity
GFS
GFS
Q
Q
Q3 25
16.8%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Cash Conversion
GFS
GFS
Q
Q
Q3 25
2.39×
3.71×
Q2 25
1.89×
Q1 25
1.57×
Q3 24
2.11×
Q2 24
2.59×
Q1 24
3.64×
Q3 23
1.67×
Q2 23
2.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GFS
GFS

Smart Mobile Devices$752.0M45%
Automotive$306.0M18%
Home And Industrial Io T$258.0M15%
Goods Or Services Transferred Over Time$198.0M12%
Communications Infrastructure Datacenter$175.0M10%

Q
Q

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

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