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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) 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× Grocery Outlet Holding Corp.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -18.5%, a 35.0% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 10.7%).
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
GO vs Q — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $-224.9M | $211.0M |
| Gross Margin | 29.7% | 45.1% |
| Operating Margin | — | 21.3% |
| Net Margin | -18.5% | 16.5% |
| Revenue YoY | 10.7% | 11.1% |
| Net Profit YoY | -669.9% | 6.0% |
| EPS (diluted) | $-2.22 | $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 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | — |
| Q1 26 | $-224.9M | — | ||
| Q3 25 | $11.6M | $211.0M | ||
| Q2 25 | $5.0M | — | ||
| Q1 25 | $-23.3M | — | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | $24.2M | $199.0M | ||
| Q2 24 | $14.0M | — | ||
| Q1 24 | $-1.0M | — |
| Q1 26 | 29.7% | — | ||
| Q3 25 | 30.4% | 45.1% | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 31.1% | 47.0% | ||
| Q2 24 | 30.9% | — | ||
| Q1 24 | 29.3% | — |
| Q1 26 | — | — | ||
| Q3 25 | 2.0% | 21.3% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 3.6% | 21.8% | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 0.1% | — |
| Q1 26 | -18.5% | — | ||
| Q3 25 | 1.0% | 16.5% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 2.2% | 17.3% | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | -0.1% | — |
| Q1 26 | $-2.22 | — | ||
| Q3 25 | $0.12 | $1.01 | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.24 | — | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $0.24 | $0.95 | ||
| Q2 24 | $0.14 | — | ||
| Q1 24 | $-0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.6M | $128.0M |
| Total DebtLower is stronger | $15.0M | $1.7B |
| Stockholders' EquityBook value | $983.7M | $9.1B |
| Total Assets | $3.1B | $12.5B |
| Debt / EquityLower = less leverage | 0.02× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q3 25 | $52.1M | $128.0M | ||
| Q2 25 | $55.2M | — | ||
| Q1 25 | $50.9M | — | ||
| Q4 24 | $62.8M | — | ||
| Q3 24 | $68.7M | — | ||
| Q2 24 | $67.1M | — | ||
| Q1 24 | $66.9M | — |
| Q1 26 | $15.0M | — | ||
| Q3 25 | $500.3M | $1.7B | ||
| Q2 25 | $473.9M | — | ||
| Q1 25 | $475.7M | — | ||
| Q4 24 | $477.5M | — | ||
| Q3 24 | $429.3M | — | ||
| Q2 24 | $379.2M | — | ||
| Q1 24 | $291.0M | — |
| Q1 26 | $983.7M | — | ||
| Q3 25 | $1.2B | $9.1B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $11.1B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q1 26 | $3.1B | — | ||
| Q3 25 | $3.4B | $12.5B | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.0B | — |
| Q1 26 | 0.02× | — | ||
| Q3 25 | 0.42× | 0.19× | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.24× | — |
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 | $222.1M | $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 | $222.1M | — | ||
| Q3 25 | $17.3M | $782.0M | ||
| Q2 25 | $73.6M | — | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $39.5M | — | ||
| Q3 24 | $23.0M | — | ||
| Q2 24 | $41.6M | — | ||
| Q1 24 | $7.8M | — |
| Q1 26 | — | — | ||
| Q3 25 | $-21.6M | $568.0M | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $-1.5M | — | ||
| Q4 24 | $-19.6M | — | ||
| Q3 24 | $-19.3M | — | ||
| Q2 24 | $2.7M | — | ||
| Q1 24 | $-38.4M | — |
| Q1 26 | — | — | ||
| Q3 25 | -1.8% | 44.5% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -3.7% | — |
| Q1 26 | — | — | ||
| Q3 25 | 3.3% | 16.8% | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 4.5% | — |
| Q1 26 | — | — | ||
| Q3 25 | 1.49× | 3.71× | ||
| Q2 25 | 14.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 17.09× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 2.97× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
