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Side-by-side financial comparison of Magnera Corp (MAGN) 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 $792.0M, roughly 1.6× Magnera Corp). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -4.3%, a 20.8% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $-13.0M).
MAGN vs Q — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.3B |
| Net Profit | $-34.0M | $211.0M |
| Gross Margin | 12.2% | 45.1% |
| Operating Margin | 1.8% | 21.3% |
| Net Margin | -4.3% | 16.5% |
| Revenue YoY | 12.8% | 11.1% |
| Net Profit YoY | 43.3% | 6.0% |
| EPS (diluted) | $-0.95 | $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.
| Q4 25 | $792.0M | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $839.0M | — | ||
| Q1 25 | $824.0M | — | ||
| Q4 24 | $702.0M | — | ||
| Q3 24 | $332.1M | $1.1B | ||
| Q2 24 | $556.0M | — | ||
| Q1 24 | $558.0M | — |
| Q4 25 | $-34.0M | — | ||
| Q3 25 | — | $211.0M | ||
| Q2 25 | $-18.0M | — | ||
| Q1 25 | $-41.0M | — | ||
| Q4 24 | $-60.0M | — | ||
| Q3 24 | $-15.2M | $199.0M | ||
| Q2 24 | $19.0M | — | ||
| Q1 24 | $14.0M | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | 45.1% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | 47.0% | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | 21.8% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 3.8% | — |
| Q4 25 | -4.3% | — | ||
| Q3 25 | — | 16.5% | ||
| Q2 25 | -2.1% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | -8.5% | — | ||
| Q3 24 | -4.6% | 17.3% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 2.5% | — |
| Q4 25 | $-0.95 | — | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | $-0.51 | — | ||
| Q1 25 | $-1.15 | — | ||
| Q4 24 | $-1.69 | — | ||
| Q3 24 | $-0.33 | $0.95 | ||
| Q2 24 | $0.60 | — | ||
| Q1 24 | $0.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $264.0M | $128.0M |
| Total DebtLower is stronger | $1.9B | $1.7B |
| Stockholders' EquityBook value | $1.0B | $9.1B |
| Total Assets | $3.9B | $12.5B |
| Debt / EquityLower = less leverage | 1.86× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | — | ||
| Q3 25 | — | $128.0M | ||
| Q2 25 | $276.0M | — | ||
| Q1 25 | $282.0M | — | ||
| Q4 24 | $215.0M | — | ||
| Q3 24 | $230.0M | — | ||
| Q2 24 | $33.9M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
| Q4 25 | $1.0B | — | ||
| Q3 25 | — | $9.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $2.1B | $11.1B | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $3.9B | — | ||
| Q3 25 | — | $12.5B | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
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 | $2.0M | $782.0M |
| Free Cash FlowOCF − Capex | $-13.0M | $568.0M |
| FCF MarginFCF / Revenue | -1.6% | 44.5% |
| Capex IntensityCapex / Revenue | 1.9% | 16.8% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | — | ||
| Q3 25 | — | $782.0M | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $65.0M | — | ||
| Q4 24 | $-58.0M | — | ||
| Q3 24 | $12.2M | — | ||
| Q2 24 | $38.0M | — | ||
| Q1 24 | $20.0M | — |
| Q4 25 | $-13.0M | — | ||
| Q3 25 | — | $568.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | $42.0M | — | ||
| Q4 24 | $-74.0M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $12.5M | — |
| Q4 25 | -1.6% | — | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -10.5% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.71× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
