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

SIGNET JEWELERS LTD 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 1.4%, a 15.1% 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 $-1.5M).

Signet Jewelers Ltd. is, as of 2015, the world's largest retailer of diamond jewellery. The company is domiciled in Bermuda and headquartered in Akron, Ohio through the Fairlawn suburb, and is listed on the New York Stock Exchange. The group operates in the middle-market jewellery segment and holds number one positions in the US, Canada, and UK speciality jewellery markets. Certain brands operate in the upper middle market. Signet Jewelers owns and operates the companies Blue Nile, Zales, Kay...

Q vs SIG — Head-to-Head

Bigger by revenue
SIG
SIG
1.1× larger
SIG
$1.4B
$1.3B
Q
Growing faster (revenue YoY)
Q
Q
+8.0% gap
Q
11.1%
3.1%
SIG
Higher net margin
Q
Q
15.1% more per $
Q
16.5%
1.4%
SIG
More free cash flow
Q
Q
$569.5M more FCF
Q
$568.0M
$-1.5M
SIG

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
Q
Q
SIG
SIG
Revenue
$1.3B
$1.4B
Net Profit
$211.0M
$20.0M
Gross Margin
45.1%
37.3%
Operating Margin
21.3%
1.7%
Net Margin
16.5%
1.4%
Revenue YoY
11.1%
3.1%
Net Profit YoY
6.0%
185.7%
EPS (diluted)
$1.01
$0.49

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
Q
Q
SIG
SIG
Q4 25
$1.4B
Q3 25
$1.3B
$1.5B
Q2 25
$1.5B
Q1 25
$2.4B
Q4 24
$1.3B
Q3 24
$1.1B
$1.5B
Q2 24
$1.5B
Q1 24
$2.5B
Net Profit
Q
Q
SIG
SIG
Q4 25
$20.0M
Q3 25
$211.0M
$-9.1M
Q2 25
$33.5M
Q1 25
$100.6M
Q4 24
$7.0M
Q3 24
$199.0M
$-98.5M
Q2 24
$52.1M
Q1 24
$626.2M
Gross Margin
Q
Q
SIG
SIG
Q4 25
37.3%
Q3 25
45.1%
38.6%
Q2 25
38.8%
Q1 25
42.6%
Q4 24
36.0%
Q3 24
47.0%
38.0%
Q2 24
37.9%
Q1 24
43.3%
Operating Margin
Q
Q
SIG
SIG
Q4 25
1.7%
Q3 25
21.3%
0.2%
Q2 25
3.1%
Q1 25
6.5%
Q4 24
0.7%
Q3 24
21.8%
-6.8%
Q2 24
3.3%
Q1 24
16.7%
Net Margin
Q
Q
SIG
SIG
Q4 25
1.4%
Q3 25
16.5%
-0.6%
Q2 25
2.2%
Q1 25
4.3%
Q4 24
0.5%
Q3 24
17.3%
-6.6%
Q2 24
3.4%
Q1 24
25.1%
EPS (diluted)
Q
Q
SIG
SIG
Q4 25
$0.49
Q3 25
$1.01
$-0.22
Q2 25
$0.78
Q1 25
$2.25
Q4 24
$0.12
Q3 24
$0.95
$-2.28
Q2 24
$-0.90
Q1 24
$11.77

Balance Sheet & Financial Strength

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

Metric
Q
Q
SIG
SIG
Cash + ST InvestmentsLiquidity on hand
$128.0M
$234.7M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$9.1B
$1.7B
Total Assets
$12.5B
$5.4B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
Q
Q
SIG
SIG
Q4 25
$234.7M
Q3 25
$128.0M
$281.4M
Q2 25
$264.1M
Q1 25
$604.0M
Q4 24
$157.7M
Q3 24
$403.1M
Q2 24
$729.3M
Q1 24
$1.4B
Total Debt
Q
Q
SIG
SIG
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
Q
Q
SIG
SIG
Q4 25
$1.7B
Q3 25
$9.1B
$1.7B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$11.1B
$1.9B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
Q
Q
SIG
SIG
Q4 25
$5.4B
Q3 25
$12.5B
$5.3B
Q2 25
$5.5B
Q1 25
$5.7B
Q4 24
$5.7B
Q3 24
$5.6B
Q2 24
$6.2B
Q1 24
$6.8B
Debt / Equity
Q
Q
SIG
SIG
Q4 25
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
Q
Q
SIG
SIG
Operating Cash FlowLast quarter
$782.0M
$31.0M
Free Cash FlowOCF − Capex
$568.0M
$-1.5M
FCF MarginFCF / Revenue
44.5%
-0.1%
Capex IntensityCapex / Revenue
16.8%
2.3%
Cash ConversionOCF / Net Profit
3.71×
1.55×
TTM Free Cash FlowTrailing 4 quarters
$591.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
Q
Q
SIG
SIG
Q4 25
$31.0M
Q3 25
$782.0M
$86.3M
Q2 25
$-175.3M
Q1 25
$780.7M
Q4 24
$-75.4M
Q3 24
$43.8M
Q2 24
$-158.2M
Q1 24
$752.2M
Free Cash Flow
Q
Q
SIG
SIG
Q4 25
$-1.5M
Q3 25
$568.0M
$62.3M
Q2 25
$-211.9M
Q1 25
$742.1M
Q4 24
$-138.5M
Q3 24
$15.8M
Q2 24
$-181.5M
Q1 24
$716.1M
FCF Margin
Q
Q
SIG
SIG
Q4 25
-0.1%
Q3 25
44.5%
4.1%
Q2 25
-13.7%
Q1 25
31.5%
Q4 24
-10.3%
Q3 24
1.1%
Q2 24
-12.0%
Q1 24
28.7%
Capex Intensity
Q
Q
SIG
SIG
Q4 25
2.3%
Q3 25
16.8%
1.6%
Q2 25
2.4%
Q1 25
1.6%
Q4 24
4.7%
Q3 24
1.9%
Q2 24
1.5%
Q1 24
1.4%
Cash Conversion
Q
Q
SIG
SIG
Q4 25
1.55×
Q3 25
3.71×
Q2 25
-5.23×
Q1 25
7.76×
Q4 24
-10.77×
Q3 24
Q2 24
-3.04×
Q1 24
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

Q
Q

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

SIG
SIG

Other$571.9M41%
Zale Jewelry$243.4M17%
Extended Service Plan$129.6M9%
Diamonds Direct$87.9M6%
Blue Nile$74.3M5%
Extended Service Plan And Other Deferred Revenue$69.9M5%
Banter By Piercing Pagoda$69.2M5%
Watches$48.7M3%
Peoples$42.2M3%
James Allen$27.8M2%

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