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Side-by-side financial comparison of PHINIA INC. (PHIN) 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 $889.0M, roughly 1.4× PHINIA INC.). On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 6.7%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $67.0M).
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
PHIN vs Q — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $889.0M | $1.3B |
| Net Profit | — | $211.0M |
| Gross Margin | 21.7% | 45.1% |
| Operating Margin | 7.8% | 21.3% |
| Net Margin | — | 16.5% |
| Revenue YoY | 6.7% | 11.1% |
| Net Profit YoY | — | 6.0% |
| EPS (diluted) | $1.14 | $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 | $889.0M | — | ||
| Q3 25 | $908.0M | $1.3B | ||
| Q2 25 | $890.0M | — | ||
| Q1 25 | $796.0M | — | ||
| Q4 24 | $833.0M | — | ||
| Q3 24 | $839.0M | $1.1B | ||
| Q2 24 | $868.0M | — | ||
| Q1 24 | $863.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | $13.0M | $211.0M | ||
| Q2 25 | $46.0M | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $31.0M | $199.0M | ||
| Q2 24 | $14.0M | — | ||
| Q1 24 | $29.0M | — |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 22.0% | 45.1% | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 22.3% | 47.0% | ||
| Q2 24 | 21.7% | — | ||
| Q1 24 | 22.2% | — |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | 21.3% | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 7.9% | 21.8% | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 8.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.4% | 16.5% | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.7% | 17.3% | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | $1.14 | — | ||
| Q3 25 | $0.33 | $1.01 | ||
| Q2 25 | $1.14 | — | ||
| Q1 25 | $0.63 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.70 | $0.95 | ||
| Q2 24 | $0.31 | — | ||
| Q1 24 | $0.62 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $359.0M | $128.0M |
| Total DebtLower is stronger | $970.0M | $1.7B |
| Stockholders' EquityBook value | $1.6B | $9.1B |
| Total Assets | $3.8B | $12.5B |
| Debt / EquityLower = less leverage | 0.61× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $359.0M | — | ||
| Q3 25 | $349.0M | $128.0M | ||
| Q2 25 | $347.0M | — | ||
| Q1 25 | $373.0M | — | ||
| Q4 24 | $484.0M | — | ||
| Q3 24 | $477.0M | — | ||
| Q2 24 | $339.0M | — | ||
| Q1 24 | $325.0M | — |
| Q4 25 | $970.0M | — | ||
| Q3 25 | $990.0M | $1.7B | ||
| Q2 25 | $990.0M | — | ||
| Q1 25 | $989.0M | — | ||
| Q4 24 | $988.0M | — | ||
| Q3 24 | $987.0M | — | ||
| Q2 24 | $821.0M | — | ||
| Q1 24 | $706.0M | — |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $9.1B | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | $11.1B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $4.0B | $12.5B | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $4.0B | — |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.62× | 0.19× | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.38× | — |
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 | $96.0M | $782.0M |
| Free Cash FlowOCF − Capex | $67.0M | $568.0M |
| FCF MarginFCF / Revenue | 7.5% | 44.5% |
| Capex IntensityCapex / Revenue | 3.3% | 16.8% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $188.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.0M | — | ||
| Q3 25 | $119.0M | $782.0M | ||
| Q2 25 | $57.0M | — | ||
| Q1 25 | $40.0M | — | ||
| Q4 24 | $73.0M | — | ||
| Q3 24 | $95.0M | — | ||
| Q2 24 | $109.0M | — | ||
| Q1 24 | $31.0M | — |
| Q4 25 | $67.0M | — | ||
| Q3 25 | $93.0M | $568.0M | ||
| Q2 25 | $23.0M | — | ||
| Q1 25 | $5.0M | — | ||
| Q4 24 | $53.0M | — | ||
| Q3 24 | $70.0M | — | ||
| Q2 24 | $92.0M | — | ||
| Q1 24 | $-12.0M | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 10.2% | 44.5% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 10.6% | — | ||
| Q1 24 | -1.4% | — |
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.9% | 16.8% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 5.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 9.15× | 3.71× | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.54× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | 7.79× | — | ||
| Q1 24 | 1.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
