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

Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -7.3%, a 23.8% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 3.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $35.0M).

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

LINE vs Q — Head-to-Head

Bigger by revenue
LINE
LINE
1.1× larger
LINE
$1.4B
$1.3B
Q
Growing faster (revenue YoY)
Q
Q
+8.0% gap
Q
11.1%
3.1%
LINE
Higher net margin
Q
Q
23.8% more per $
Q
16.5%
-7.3%
LINE
More free cash flow
Q
Q
$533.0M more FCF
Q
$568.0M
$35.0M
LINE

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
LINE
LINE
Q
Q
Revenue
$1.4B
$1.3B
Net Profit
$-100.0M
$211.0M
Gross Margin
32.3%
45.1%
Operating Margin
2.5%
21.3%
Net Margin
-7.3%
16.5%
Revenue YoY
3.1%
11.1%
Net Profit YoY
79.4%
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
LINE
LINE
Q
Q
Q3 25
$1.4B
$1.3B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
$1.1B
Q2 24
$1.3B
Q1 24
$1.3B
Net Profit
LINE
LINE
Q
Q
Q3 25
$-100.0M
$211.0M
Q2 25
$-6.0M
Q1 25
$0
Q4 24
$-71.0M
Q3 24
$-485.0M
$199.0M
Q2 24
$-68.0M
Q1 24
$-40.0M
Gross Margin
LINE
LINE
Q
Q
Q3 25
32.3%
45.1%
Q2 25
31.9%
Q1 25
32.2%
Q4 24
32.3%
Q3 24
32.8%
47.0%
Q2 24
33.4%
Q1 24
33.4%
Operating Margin
LINE
LINE
Q
Q
Q3 25
2.5%
21.3%
Q2 25
1.7%
Q1 25
4.3%
Q4 24
-1.6%
Q3 24
-38.6%
21.8%
Q2 24
5.5%
Q1 24
7.6%
Net Margin
LINE
LINE
Q
Q
Q3 25
-7.3%
16.5%
Q2 25
-0.4%
Q1 25
Q4 24
-5.3%
Q3 24
-36.3%
17.3%
Q2 24
-5.1%
Q1 24
-3.0%
EPS (diluted)
LINE
LINE
Q
Q
Q3 25
$-0.44
$1.01
Q2 25
$-0.03
Q1 25
$0.01
Q4 24
$-0.52
Q3 24
$-2.44
$0.95
Q2 24
$-0.46
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
LINE
LINE
Q
Q
Cash + ST InvestmentsLiquidity on hand
$128.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$8.4B
$9.1B
Total Assets
$19.2B
$12.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LINE
LINE
Q
Q
Q3 25
$128.0M
Q2 25
Q1 25
Q4 24
$173.0M
Q3 24
$409.0M
Q2 24
$73.0M
Q1 24
Total Debt
LINE
LINE
Q
Q
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LINE
LINE
Q
Q
Q3 25
$8.4B
$9.1B
Q2 25
$8.6B
Q1 25
$8.6B
Q4 24
$8.6B
Q3 24
$9.0B
$11.1B
Q2 24
$4.9B
Q1 24
$5.6B
Total Assets
LINE
LINE
Q
Q
Q3 25
$19.2B
$12.5B
Q2 25
$19.4B
Q1 25
$18.8B
Q4 24
$18.7B
Q3 24
$19.3B
Q2 24
$18.8B
Q1 24
Debt / Equity
LINE
LINE
Q
Q
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
LINE
LINE
Q
Q
Operating Cash FlowLast quarter
$230.0M
$782.0M
Free Cash FlowOCF − Capex
$35.0M
$568.0M
FCF MarginFCF / Revenue
2.5%
44.5%
Capex IntensityCapex / Revenue
14.2%
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
LINE
LINE
Q
Q
Q3 25
$230.0M
$782.0M
Q2 25
$258.0M
Q1 25
$139.0M
Q4 24
Q3 24
$186.0M
Q2 24
$155.0M
Q1 24
$105.0M
Free Cash Flow
LINE
LINE
Q
Q
Q3 25
$35.0M
$568.0M
Q2 25
$95.0M
Q1 25
$-12.0M
Q4 24
Q3 24
$33.0M
Q2 24
$-31.0M
Q1 24
$-42.0M
FCF Margin
LINE
LINE
Q
Q
Q3 25
2.5%
44.5%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
Q3 24
2.5%
Q2 24
-2.3%
Q1 24
-3.2%
Capex Intensity
LINE
LINE
Q
Q
Q3 25
14.2%
16.8%
Q2 25
12.1%
Q1 25
11.7%
Q4 24
Q3 24
11.5%
Q2 24
13.9%
Q1 24
11.1%
Cash Conversion
LINE
LINE
Q
Q
Q3 25
3.71×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LINE
LINE

Warehousing Operations$883.0M64%
Other$308.0M22%
Warehouse Lease$60.0M4%
Food Sales$52.0M4%
E Commerce And Other$46.0M3%
Railcar Lease$23.0M2%
Service Other$5.0M0%

Q
Q

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

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