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Side-by-side financial comparison of MKS INC (MKSI) 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 $1.0B, roughly 1.2× MKS INC). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 10.3%, a 6.2% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 10.6%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $92.0M).
MKS, Inc is a subsidiary of PTC, Inc. It was previously a multinational independent software vendor that was acquired by Parametric Technology Corporation on May 31, 2011. MKS operated in the Application Lifecycle Management (ALM) and Systems Administration market segments.
MKSI vs Q — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.3B |
| Net Profit | $107.0M | $211.0M |
| Gross Margin | 46.3% | 45.1% |
| Operating Margin | 13.9% | 21.3% |
| Net Margin | 10.3% | 16.5% |
| Revenue YoY | 10.6% | 11.1% |
| Net Profit YoY | 18.9% | 6.0% |
| EPS (diluted) | $1.58 | $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 | $1.0B | — | ||
| Q3 25 | $988.0M | $1.3B | ||
| Q2 25 | $973.0M | — | ||
| Q1 25 | $936.0M | — | ||
| Q4 24 | $935.0M | — | ||
| Q3 24 | $896.0M | $1.1B | ||
| Q2 24 | $887.0M | — | ||
| Q1 24 | $868.0M | — |
| Q4 25 | $107.0M | — | ||
| Q3 25 | $74.0M | $211.0M | ||
| Q2 25 | $62.0M | — | ||
| Q1 25 | $52.0M | — | ||
| Q4 24 | $90.0M | — | ||
| Q3 24 | $62.0M | $199.0M | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $15.0M | — |
| Q4 25 | 46.3% | — | ||
| Q3 25 | 46.7% | 45.1% | ||
| Q2 25 | 46.6% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | 48.2% | 47.0% | ||
| Q2 24 | 47.2% | — | ||
| Q1 24 | 47.8% | — |
| Q4 25 | 13.9% | — | ||
| Q3 25 | 14.0% | 21.3% | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 11.9% | — | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 14.3% | 21.8% | ||
| Q2 24 | 14.3% | — | ||
| Q1 24 | 12.2% | — |
| Q4 25 | 10.3% | — | ||
| Q3 25 | 7.5% | 16.5% | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 6.9% | 17.3% | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | $1.58 | — | ||
| Q3 25 | $1.10 | $1.01 | ||
| Q2 25 | $0.92 | — | ||
| Q1 25 | $0.77 | — | ||
| Q4 24 | $1.34 | — | ||
| Q3 24 | $0.92 | $0.95 | ||
| Q2 24 | $0.33 | — | ||
| Q1 24 | $0.22 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $418.0M | $128.0M |
| Total DebtLower is stronger | $4.2B | $1.7B |
| Stockholders' EquityBook value | $2.7B | $9.1B |
| Total Assets | $8.8B | $12.5B |
| Debt / EquityLower = less leverage | 1.53× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $418.0M | — | ||
| Q3 25 | $413.0M | $128.0M | ||
| Q2 25 | $498.0M | — | ||
| Q1 25 | $407.0M | — | ||
| Q4 24 | $420.0M | — | ||
| Q3 24 | $439.0M | — | ||
| Q2 24 | $506.0M | — | ||
| Q1 24 | $1.0M | — |
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.3B | $1.7B | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $4.7B | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.6B | $9.1B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | $11.1B | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $8.8B | — | ||
| Q3 25 | $8.8B | $12.5B | ||
| Q2 25 | $8.8B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $8.6B | — | ||
| Q3 24 | $9.0B | — | ||
| Q2 24 | $8.9B | — | ||
| Q1 24 | $8.9B | — |
| Q4 25 | 1.53× | — | ||
| Q3 25 | 1.64× | 0.19× | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 1.98× | — | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 1.94× | — |
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 | $142.0M | $782.0M |
| Free Cash FlowOCF − Capex | $92.0M | $568.0M |
| FCF MarginFCF / Revenue | 8.9% | 44.5% |
| Capex IntensityCapex / Revenue | 4.8% | 16.8% |
| Cash ConversionOCF / Net Profit | 1.33× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $497.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.0M | — | ||
| Q3 25 | $197.0M | $782.0M | ||
| Q2 25 | $165.0M | — | ||
| Q1 25 | $141.0M | — | ||
| Q4 24 | $176.0M | — | ||
| Q3 24 | $163.0M | — | ||
| Q2 24 | $122.0M | — | ||
| Q1 24 | $67.0M | — |
| Q4 25 | $92.0M | — | ||
| Q3 25 | $146.0M | $568.0M | ||
| Q2 25 | $136.0M | — | ||
| Q1 25 | $123.0M | — | ||
| Q4 24 | $125.0M | — | ||
| Q3 24 | $141.0M | — | ||
| Q2 24 | $95.0M | — | ||
| Q1 24 | $49.0M | — |
| Q4 25 | 8.9% | — | ||
| Q3 25 | 14.8% | 44.5% | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 13.1% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 5.6% | — |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 5.2% | 16.8% | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 1.33× | — | ||
| Q3 25 | 2.66× | 3.71× | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.71× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 2.63× | — | ||
| Q2 24 | 5.30× | — | ||
| Q1 24 | 4.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKSI
| Electronics And Packaging | $303.0M | 29% |
| Specialty Industrial | $295.0M | 29% |
| Photonics Solutions Division | $274.0M | 26% |
| Services | $125.0M | 12% |
| Other | $37.0M | 4% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
