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Side-by-side financial comparison of Legence Corp. (LGN) 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 $708.0M, roughly 1.8× Legence Corp.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -0.1%, a 16.6% gap on every dollar of revenue. On growth, Legence Corp. posted the faster year-over-year revenue change (26.2% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $137.4M).
Legence Corp is a leading sustainable building and decarbonization solution provider. It delivers energy efficiency optimization, building automation design, renewable energy integration, and low-carbon retrofit services for commercial, industrial, and institutional clients, with core operations across North America to help customers cut costs and reduce carbon footprints.
LGN vs Q — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $708.0M | $1.3B |
| Net Profit | $-576.0K | $211.0M |
| Gross Margin | 20.9% | 45.1% |
| Operating Margin | 5.3% | 21.3% |
| Net Margin | -0.1% | 16.5% |
| Revenue YoY | 26.2% | 11.1% |
| Net Profit YoY | 46.8% | 6.0% |
| EPS (diluted) | $-0.02 | $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.
| Q3 25 | $708.0M | $1.3B | ||
| Q3 24 | $560.8M | $1.1B |
| Q3 25 | $-576.0K | $211.0M | ||
| Q3 24 | $-1.1M | $199.0M |
| Q3 25 | 20.9% | 45.1% | ||
| Q3 24 | 21.1% | 47.0% |
| Q3 25 | 5.3% | 21.3% | ||
| Q3 24 | 4.8% | 21.8% |
| Q3 25 | -0.1% | 16.5% | ||
| Q3 24 | -0.2% | 17.3% |
| Q3 25 | $-0.02 | $1.01 | ||
| Q3 24 | — | $0.95 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $176.0M | $128.0M |
| Total DebtLower is stronger | $812.6M | $1.7B |
| Stockholders' EquityBook value | $387.9M | $9.1B |
| Total Assets | $2.6B | $12.5B |
| Debt / EquityLower = less leverage | 2.10× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $176.0M | $128.0M | ||
| Q3 24 | — | — |
| Q3 25 | $812.6M | $1.7B | ||
| Q3 24 | — | — |
| Q3 25 | $387.9M | $9.1B | ||
| Q3 24 | — | $11.1B |
| Q3 25 | $2.6B | $12.5B | ||
| Q3 24 | — | — |
| Q3 25 | 2.10× | 0.19× | ||
| Q3 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 | $162.1M | $782.0M |
| Free Cash FlowOCF − Capex | $137.4M | $568.0M |
| FCF MarginFCF / Revenue | 19.4% | 44.5% |
| Capex IntensityCapex / Revenue | 3.5% | 16.8% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $162.1M | $782.0M | ||
| Q3 24 | — | — |
| Q3 25 | $137.4M | $568.0M | ||
| Q3 24 | — | — |
| Q3 25 | 19.4% | 44.5% | ||
| Q3 24 | — | — |
| Q3 25 | 3.5% | 16.8% | ||
| Q3 24 | — | — |
| Q3 25 | — | 3.71× | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LGN
| Installation And Fabrication | $408.7M | 58% |
| Engineering And Design | $110.9M | 16% |
| Program And Project Management | $101.2M | 14% |
| Maintenance And Service | $87.1M | 12% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
