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Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) 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 $755.6M, roughly 1.7× BLUE OWL CAPITAL INC.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 6.3%, a 10.2% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $359.1M).
Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.
OWL vs Q — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $755.6M | $1.3B |
| Net Profit | $47.7M | $211.0M |
| Gross Margin | — | 45.1% |
| Operating Margin | 22.2% | 21.3% |
| Net Margin | 6.3% | 16.5% |
| Revenue YoY | 19.7% | 11.1% |
| Net Profit YoY | 129.8% | 6.0% |
| EPS (diluted) | $0.07 | $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 | $755.6M | — | ||
| Q3 25 | $728.0M | $1.3B | ||
| Q2 25 | $703.1M | — | ||
| Q1 25 | $683.5M | — | ||
| Q4 24 | $631.4M | — | ||
| Q3 24 | $600.9M | $1.1B | ||
| Q2 24 | $549.8M | — | ||
| Q1 24 | $513.3M | — |
| Q4 25 | $47.7M | — | ||
| Q3 25 | $6.3M | $211.0M | ||
| Q2 25 | $17.4M | — | ||
| Q1 25 | $7.4M | — | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $29.8M | $199.0M | ||
| Q2 24 | $33.9M | — | ||
| Q1 24 | $25.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 45.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 22.2% | — | ||
| Q3 25 | 7.6% | 21.3% | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 18.7% | 21.8% | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 24.7% | — |
| Q4 25 | 6.3% | — | ||
| Q3 25 | 0.9% | 16.5% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 5.0% | 17.3% | ||
| Q2 24 | 6.2% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.01 | $1.01 | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.04 | $0.95 | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $0.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $194.5M | $128.0M |
| Total DebtLower is stronger | $3.3B | $1.7B |
| Stockholders' EquityBook value | $2.2B | $9.1B |
| Total Assets | $12.5B | $12.5B |
| Debt / EquityLower = less leverage | 1.51× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.5M | — | ||
| Q3 25 | $137.3M | $128.0M | ||
| Q2 25 | $117.6M | — | ||
| Q1 25 | $97.6M | — | ||
| Q4 24 | $152.1M | — | ||
| Q3 24 | $115.9M | — | ||
| Q2 24 | $436.8M | — | ||
| Q1 24 | $155.8M | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.3B | $9.1B | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | $11.1B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $12.5B | — | ||
| Q3 25 | $12.5B | $12.5B | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $12.3B | — | ||
| Q4 24 | $11.0B | — | ||
| Q3 24 | $10.8B | — | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $9.0B | — |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | 0.19× | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
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 | $382.9M | $782.0M |
| Free Cash FlowOCF − Capex | $359.1M | $568.0M |
| FCF MarginFCF / Revenue | 47.5% | 44.5% |
| Capex IntensityCapex / Revenue | 3.1% | 16.8% |
| Cash ConversionOCF / Net Profit | 8.03× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $382.9M | — | ||
| Q3 25 | $433.1M | $782.0M | ||
| Q2 25 | $422.5M | — | ||
| Q1 25 | $17.6M | — | ||
| Q4 24 | $324.0M | — | ||
| Q3 24 | $326.0M | — | ||
| Q2 24 | $302.3M | — | ||
| Q1 24 | $47.2M | — |
| Q4 25 | $359.1M | — | ||
| Q3 25 | $422.5M | $568.0M | ||
| Q2 25 | $412.5M | — | ||
| Q1 25 | $4.2M | — | ||
| Q4 24 | $310.1M | — | ||
| Q3 24 | $314.8M | — | ||
| Q2 24 | $269.4M | — | ||
| Q1 24 | $41.1M | — |
| Q4 25 | 47.5% | — | ||
| Q3 25 | 58.0% | 44.5% | ||
| Q2 25 | 58.7% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 49.1% | — | ||
| Q3 24 | 52.4% | — | ||
| Q2 24 | 49.0% | — | ||
| Q1 24 | 8.0% | — |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 1.5% | 16.8% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | 3.71× | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
