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Side-by-side financial comparison of Liberty Global Ltd. (LBTYA) 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× Liberty Global Ltd.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -237.0%, a 253.5% gap on every dollar of revenue. On growth, Liberty Global Ltd. posted the faster year-over-year revenue change (187.2% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $193.3M).

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

LBTYA vs Q — Head-to-Head

Bigger by revenue
Q
Q
1.0× larger
Q
$1.3B
$1.2B
LBTYA
Growing faster (revenue YoY)
LBTYA
LBTYA
+176.0% gap
LBTYA
187.2%
11.1%
Q
Higher net margin
Q
Q
253.5% more per $
Q
16.5%
-237.0%
LBTYA
More free cash flow
Q
Q
$374.7M more FCF
Q
$568.0M
$193.3M
LBTYA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LBTYA
LBTYA
Q
Q
Revenue
$1.2B
$1.3B
Net Profit
$-2.9B
$211.0M
Gross Margin
66.8%
45.1%
Operating Margin
-8.6%
21.3%
Net Margin
-237.0%
16.5%
Revenue YoY
187.2%
11.1%
Net Profit YoY
-230.0%
6.0%
EPS (diluted)
$-8.66
$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
LBTYA
LBTYA
Q
Q
Q4 25
$1.2B
Q3 25
$1.2B
$1.3B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$-1.4B
Q3 24
$1.9B
$1.1B
Q2 24
$1.9B
Q1 24
$1.9B
Net Profit
LBTYA
LBTYA
Q
Q
Q4 25
$-2.9B
Q3 25
$-90.7M
$211.0M
Q2 25
$-2.8B
Q1 25
$-1.3B
Q4 24
$2.2B
Q3 24
$-1.4B
$199.0M
Q2 24
$268.1M
Q1 24
$510.0M
Gross Margin
LBTYA
LBTYA
Q
Q
Q4 25
66.8%
Q3 25
67.5%
45.1%
Q2 25
63.3%
Q1 25
65.6%
Q4 24
Q3 24
69.4%
47.0%
Q2 24
68.5%
Q1 24
65.4%
Operating Margin
LBTYA
LBTYA
Q
Q
Q4 25
-8.6%
Q3 25
-0.7%
21.3%
Q2 25
2.3%
Q1 25
5.2%
Q4 24
Q3 24
5.2%
21.8%
Q2 24
1.0%
Q1 24
1.2%
Net Margin
LBTYA
LBTYA
Q
Q
Q4 25
-237.0%
Q3 25
-7.5%
16.5%
Q2 25
-220.1%
Q1 25
-114.2%
Q4 24
-158.9%
Q3 24
-74.1%
17.3%
Q2 24
14.3%
Q1 24
26.2%
EPS (diluted)
LBTYA
LBTYA
Q
Q
Q4 25
$-8.66
Q3 25
$-0.27
$1.01
Q2 25
$-8.09
Q1 25
$-3.84
Q4 24
$6.15
Q3 24
$-3.95
$0.95
Q2 24
$0.71
Q1 24
$1.32

Balance Sheet & Financial Strength

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

Metric
LBTYA
LBTYA
Q
Q
Cash + ST InvestmentsLiquidity on hand
$2.2B
$128.0M
Total DebtLower is stronger
$7.8B
$1.7B
Stockholders' EquityBook value
$9.7B
$9.1B
Total Assets
$22.6B
$12.5B
Debt / EquityLower = less leverage
0.80×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBTYA
LBTYA
Q
Q
Q4 25
$2.2B
Q3 25
$1.7B
$128.0M
Q2 25
$3.1B
Q1 25
$2.0B
Q4 24
$2.2B
Q3 24
$3.3B
Q2 24
$3.2B
Q1 24
$2.8B
Total Debt
LBTYA
LBTYA
Q
Q
Q4 25
$7.8B
Q3 25
$7.8B
$1.7B
Q2 25
$7.8B
Q1 25
$8.2B
Q4 24
$8.2B
Q3 24
$14.9B
Q2 24
$14.7B
Q1 24
$14.8B
Stockholders' Equity
LBTYA
LBTYA
Q
Q
Q4 25
$9.7B
Q3 25
$12.7B
$9.1B
Q2 25
$13.0B
Q1 25
$12.6B
Q4 24
$12.4B
Q3 24
$18.7B
$11.1B
Q2 24
$18.3B
Q1 24
$18.4B
Total Assets
LBTYA
LBTYA
Q
Q
Q4 25
$22.6B
Q3 25
$25.4B
$12.5B
Q2 25
$27.2B
Q1 25
$26.0B
Q4 24
$25.4B
Q3 24
$41.8B
Q2 24
$40.8B
Q1 24
$40.6B
Debt / Equity
LBTYA
LBTYA
Q
Q
Q4 25
0.80×
Q3 25
0.61×
0.19×
Q2 25
0.60×
Q1 25
0.65×
Q4 24
0.66×
Q3 24
0.80×
Q2 24
0.80×
Q1 24
0.80×

Cash Flow & Capital Efficiency

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

Metric
LBTYA
LBTYA
Q
Q
Operating Cash FlowLast quarter
$630.9M
$782.0M
Free Cash FlowOCF − Capex
$193.3M
$568.0M
FCF MarginFCF / Revenue
15.7%
44.5%
Capex IntensityCapex / Revenue
35.5%
16.8%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$-132.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBTYA
LBTYA
Q
Q
Q4 25
$630.9M
Q3 25
$301.8M
$782.0M
Q2 25
$149.2M
Q1 25
$129.2M
Q4 24
$791.6M
Q3 24
$449.5M
Q2 24
$546.1M
Q1 24
$245.7M
Free Cash Flow
LBTYA
LBTYA
Q
Q
Q4 25
$193.3M
Q3 25
$-41.1M
$568.0M
Q2 25
$-170.1M
Q1 25
$-114.1M
Q4 24
$712.9M
Q3 24
$102.4M
Q2 24
$256.8M
Q1 24
$-105.1M
FCF Margin
LBTYA
LBTYA
Q
Q
Q4 25
15.7%
Q3 25
-3.4%
44.5%
Q2 25
-13.4%
Q1 25
-9.7%
Q4 24
-50.5%
Q3 24
5.3%
Q2 24
13.7%
Q1 24
-5.4%
Capex Intensity
LBTYA
LBTYA
Q
Q
Q4 25
35.5%
Q3 25
28.4%
16.8%
Q2 25
25.2%
Q1 25
20.8%
Q4 24
-5.6%
Q3 24
17.9%
Q2 24
15.4%
Q1 24
18.0%
Cash Conversion
LBTYA
LBTYA
Q
Q
Q4 25
Q3 25
3.71×
Q2 25
Q1 25
Q4 24
0.35×
Q3 24
Q2 24
2.04×
Q1 24
0.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LBTYA
LBTYA

Segment breakdown not available.

Q
Q

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

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