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Side-by-side financial comparison of iQIYI, Inc. (IQ) 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 $971.6M, roughly 1.3× iQIYI, Inc.).

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

IQ vs Q — Head-to-Head

Bigger by revenue
Q
Q
1.3× larger
Q
$1.3B
$971.6M
IQ

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
IQ
IQ
Q
Q
Revenue
$971.6M
$1.3B
Net Profit
$211.0M
Gross Margin
45.1%
Operating Margin
0.8%
21.3%
Net Margin
16.5%
Revenue YoY
11.1%
Net Profit YoY
6.0%
EPS (diluted)
$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
IQ
IQ
Q
Q
Q1 26
$971.6M
Q3 25
$1.3B
Q1 25
$906.0M
Q3 24
$1.1B
Q1 24
$1.1B
Q1 22
$1.2B
Net Profit
IQ
IQ
Q
Q
Q1 26
Q3 25
$211.0M
Q1 25
Q3 24
$199.0M
Q1 24
Q1 22
Gross Margin
IQ
IQ
Q
Q
Q1 26
Q3 25
45.1%
Q1 25
Q3 24
47.0%
Q1 24
Q1 22
Operating Margin
IQ
IQ
Q
Q
Q1 26
0.8%
Q3 25
21.3%
Q1 25
4.3%
Q3 24
21.8%
Q1 24
9.9%
Q1 22
Net Margin
IQ
IQ
Q
Q
Q1 26
Q3 25
16.5%
Q1 25
Q3 24
17.3%
Q1 24
Q1 22
EPS (diluted)
IQ
IQ
Q
Q
Q1 26
Q3 25
$1.01
Q1 25
Q3 24
$0.95
Q1 24
Q1 22

Balance Sheet & Financial Strength

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

Metric
IQ
IQ
Q
Q
Cash + ST InvestmentsLiquidity on hand
$4.4M
$128.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$13.3M
$9.1B
Total Assets
$46.7M
$12.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
Q
Q
Q1 26
$4.4M
Q3 25
$128.0M
Q1 25
$3.5M
Q3 24
Q1 24
$4.4M
Q1 22
$3.0M
Total Debt
IQ
IQ
Q
Q
Q1 26
Q3 25
$1.7B
Q1 25
Q3 24
Q1 24
Q1 22
Stockholders' Equity
IQ
IQ
Q
Q
Q1 26
$13.3M
Q3 25
$9.1B
Q1 25
$13.4M
Q3 24
$11.1B
Q1 24
$12.2M
Q1 22
$5.3M
Total Assets
IQ
IQ
Q
Q
Q1 26
$46.7M
Q3 25
$12.5B
Q1 25
$45.8M
Q3 24
Q1 24
$44.6M
Q1 22
$42.5M
Debt / Equity
IQ
IQ
Q
Q
Q1 26
Q3 25
0.19×
Q1 25
Q3 24
Q1 24
Q1 22

Cash Flow & Capital Efficiency

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

Metric
IQ
IQ
Q
Q
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.

Operating Cash Flow
IQ
IQ
Q
Q
Q1 26
Q3 25
$782.0M
Q1 25
Q3 24
Q1 24
Q1 22
Free Cash Flow
IQ
IQ
Q
Q
Q1 26
Q3 25
$568.0M
Q1 25
Q3 24
Q1 24
Q1 22
FCF Margin
IQ
IQ
Q
Q
Q1 26
Q3 25
44.5%
Q1 25
Q3 24
Q1 24
Q1 22
Capex Intensity
IQ
IQ
Q
Q
Q1 26
Q3 25
16.8%
Q1 25
Q3 24
Q1 24
Q1 22
Cash Conversion
IQ
IQ
Q
Q
Q1 26
Q3 25
3.71×
Q1 25
Q3 24
Q1 24
Q1 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQ
IQ

Segment breakdown not available.

Q
Q

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

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