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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and SONOCO PRODUCTS CO (SON). Click either name above to swap in a different company.

SONOCO PRODUCTS CO is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 4.1%, a 12.5% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -1.9%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $-428.3B).

Sonoco Products Company is an American provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of composite cans, tubes, and cores. The company was founded in 1889 as Southern Novelty Company with annualized net sales of approximately $7.3 billion. Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations. The company is headquartered in Hartsville, S...

Q vs SON — Head-to-Head

Bigger by revenue
SON
SON
1.3× larger
SON
$1.7B
$1.3B
Q
Growing faster (revenue YoY)
Q
Q
+13.1% gap
Q
11.1%
-1.9%
SON
Higher net margin
Q
Q
12.5% more per $
Q
16.5%
4.1%
SON
More free cash flow
Q
Q
$428.9B more FCF
Q
$568.0M
$-428.3B
SON

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
Q
Q
SON
SON
Revenue
$1.3B
$1.7B
Net Profit
$211.0M
$68.0M
Gross Margin
45.1%
20.6%
Operating Margin
21.3%
7.6%
Net Margin
16.5%
4.1%
Revenue YoY
11.1%
-1.9%
Net Profit YoY
6.0%
25.9%
EPS (diluted)
$1.01
$0.68

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
SON
SON
Q1 26
$1.7B
Q4 25
$1.8B
Q3 25
$1.3B
$2.1B
Q2 25
$1.9B
Q1 25
$1.7B
Q3 24
$1.1B
$1.7B
Q2 24
$1.6B
Q1 24
$1.6B
Net Profit
Q
Q
SON
SON
Q1 26
$68.0M
Q4 25
$332.2M
Q3 25
$211.0M
$122.9M
Q2 25
$493.4M
Q1 25
$54.4M
Q3 24
$199.0M
$50.9M
Q2 24
$90.8M
Q1 24
$65.2M
Gross Margin
Q
Q
SON
SON
Q1 26
20.6%
Q4 25
19.6%
Q3 25
45.1%
21.9%
Q2 25
21.3%
Q1 25
20.7%
Q3 24
47.0%
21.4%
Q2 24
22.0%
Q1 24
20.6%
Operating Margin
Q
Q
SON
SON
Q1 26
7.6%
Q4 25
29.4%
Q3 25
21.3%
9.1%
Q2 25
9.2%
Q1 25
7.4%
Q3 24
21.8%
7.6%
Q2 24
8.6%
Q1 24
6.9%
Net Margin
Q
Q
SON
SON
Q1 26
4.1%
Q4 25
18.8%
Q3 25
16.5%
5.8%
Q2 25
25.8%
Q1 25
3.2%
Q3 24
17.3%
3.0%
Q2 24
5.6%
Q1 24
4.0%
EPS (diluted)
Q
Q
SON
SON
Q1 26
$0.68
Q4 25
$3.33
Q3 25
$1.01
$1.23
Q2 25
$4.96
Q1 25
$0.55
Q3 24
$0.95
$0.51
Q2 24
$0.92
Q1 24
$0.66

Balance Sheet & Financial Strength

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

Metric
Q
Q
SON
SON
Cash + ST InvestmentsLiquidity on hand
$128.0M
$224.5M
Total DebtLower is stronger
$1.7B
$3.5B
Stockholders' EquityBook value
$9.1B
$3.6B
Total Assets
$12.5B
$11.1B
Debt / EquityLower = less leverage
0.19×
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
Q
Q
SON
SON
Q1 26
$224.5M
Q4 25
$378.4M
Q3 25
$128.0M
$244.9M
Q2 25
$329.8M
Q1 25
$181.8M
Q3 24
$1.9B
Q2 24
$140.2M
Q1 24
$172.2M
Total Debt
Q
Q
SON
SON
Q1 26
$3.5B
Q4 25
$3.8B
Q3 25
$1.7B
$3.8B
Q2 25
$5.0B
Q1 25
$5.0B
Q3 24
$4.3B
Q2 24
$2.5B
Q1 24
Stockholders' Equity
Q
Q
SON
SON
Q1 26
$3.6B
Q4 25
$3.6B
Q3 25
$9.1B
$3.3B
Q2 25
$3.2B
Q1 25
$2.4B
Q3 24
$11.1B
$2.5B
Q2 24
$2.4B
Q1 24
$2.4B
Total Assets
Q
Q
SON
SON
Q1 26
$11.1B
Q4 25
$11.2B
Q3 25
$12.5B
$11.7B
Q2 25
$12.0B
Q1 25
$12.7B
Q3 24
$9.0B
Q2 24
$7.2B
Q1 24
$7.2B
Debt / Equity
Q
Q
SON
SON
Q1 26
0.97×
Q4 25
1.05×
Q3 25
0.19×
1.15×
Q2 25
1.54×
Q1 25
2.03×
Q3 24
1.74×
Q2 24
1.04×
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
SON
SON
Operating Cash FlowLast quarter
$782.0M
Free Cash FlowOCF − Capex
$568.0M
$-428.3B
FCF MarginFCF / Revenue
44.5%
-25547.4%
Capex IntensityCapex / Revenue
16.8%
3600.5%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$-427.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
Q
Q
SON
SON
Q1 26
Q4 25
$412.9M
Q3 25
$782.0M
$291.5M
Q2 25
$193.4M
Q1 25
$-208.1M
Q3 24
$162.1M
Q2 24
$109.3M
Q1 24
$166.2M
Free Cash Flow
Q
Q
SON
SON
Q1 26
$-428.3B
Q4 25
$322.3M
Q3 25
$568.0M
$225.6M
Q2 25
$98.6M
Q1 25
$-300.8M
Q3 24
$70.5M
Q2 24
$16.0M
Q1 24
$79.8M
FCF Margin
Q
Q
SON
SON
Q1 26
-25547.4%
Q4 25
18.2%
Q3 25
44.5%
10.6%
Q2 25
5.2%
Q1 25
-17.6%
Q3 24
4.2%
Q2 24
1.0%
Q1 24
4.9%
Capex Intensity
Q
Q
SON
SON
Q1 26
3600.5%
Q4 25
5.1%
Q3 25
16.8%
3.1%
Q2 25
5.0%
Q1 25
5.4%
Q3 24
5.5%
Q2 24
5.7%
Q1 24
5.3%
Cash Conversion
Q
Q
SON
SON
Q1 26
Q4 25
1.24×
Q3 25
3.71×
2.37×
Q2 25
0.39×
Q1 25
-3.82×
Q3 24
3.18×
Q2 24
1.20×
Q1 24
2.55×

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%

SON
SON

Consumer Packaging$1.1B65%
Industrial Paper Packaging$587.5M35%
All Other$55.1M3%

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