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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and Spectrum Brands Holdings, Inc. (SPB). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $677.0M, roughly 1.9× Spectrum Brands Holdings, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 4.2%, a 12.3% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -3.3%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $59.3M).
Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.
Q vs SPB — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $677.0M |
| Net Profit | $211.0M | $28.4M |
| Gross Margin | 45.1% | 35.7% |
| Operating Margin | 21.3% | 4.0% |
| Net Margin | 16.5% | 4.2% |
| Revenue YoY | 11.1% | -3.3% |
| Net Profit YoY | 6.0% | 20.9% |
| EPS (diluted) | $1.01 | $1.21 |
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 | — | $677.0M | ||
| Q3 25 | $1.3B | $733.5M | ||
| Q2 25 | — | $699.6M | ||
| Q1 25 | — | $675.7M | ||
| Q4 24 | — | $700.2M | ||
| Q3 24 | $1.1B | $773.8M | ||
| Q2 24 | — | $779.4M | ||
| Q1 24 | — | $718.5M |
| Q4 25 | — | $28.4M | ||
| Q3 25 | $211.0M | $55.6M | ||
| Q2 25 | — | $19.9M | ||
| Q1 25 | — | $900.0K | ||
| Q4 24 | — | $23.5M | ||
| Q3 24 | $199.0M | $28.5M | ||
| Q2 24 | — | $6.1M | ||
| Q1 24 | — | $61.1M |
| Q4 25 | — | 35.7% | ||
| Q3 25 | 45.1% | 35.0% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | — | 37.5% | ||
| Q4 24 | — | 36.8% | ||
| Q3 24 | 47.0% | 37.2% | ||
| Q2 24 | — | 38.9% | ||
| Q1 24 | — | 38.1% |
| Q4 25 | — | 4.0% | ||
| Q3 25 | 21.3% | 4.0% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 21.8% | 2.8% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 10.6% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 16.5% | 7.6% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 17.3% | 3.7% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 8.5% |
| Q4 25 | — | $1.21 | ||
| Q3 25 | $1.01 | $2.19 | ||
| Q2 25 | — | $0.80 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.84 | ||
| Q3 24 | $0.95 | $1.03 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $2.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.0M | $126.6M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $9.1B | $1.9B |
| Total Assets | $12.5B | $3.4B |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $126.6M | ||
| Q3 25 | $128.0M | $123.6M | ||
| Q2 25 | — | $122.0M | ||
| Q1 25 | — | $96.0M | ||
| Q4 24 | — | $179.9M | ||
| Q3 24 | — | $368.9M | ||
| Q2 24 | — | $306.8M | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | $1.7B | $496.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $496.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $9.1B | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $11.1B | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | — | $3.4B | ||
| Q3 25 | $12.5B | $3.4B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $4.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.19× | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $782.0M | $67.4M |
| Free Cash FlowOCF − Capex | $568.0M | $59.3M |
| FCF MarginFCF / Revenue | 44.5% | 8.8% |
| Capex IntensityCapex / Revenue | 16.8% | 1.2% |
| Cash ConversionOCF / Net Profit | 3.71× | 2.37× |
| TTM Free Cash FlowTrailing 4 quarters | — | $302.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $67.4M | ||
| Q3 25 | $782.0M | $171.1M | ||
| Q2 25 | — | $81.8M | ||
| Q1 25 | — | $23.1M | ||
| Q4 24 | — | $-72.4M | ||
| Q3 24 | — | $80.7M | ||
| Q2 24 | — | $82.7M | ||
| Q1 24 | — | $3.5M |
| Q4 25 | — | $59.3M | ||
| Q3 25 | $568.0M | $157.9M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | — | $-78.3M | ||
| Q3 24 | — | $67.7M | ||
| Q2 24 | — | $72.6M | ||
| Q1 24 | — | $-9.0M |
| Q4 25 | — | 8.8% | ||
| Q3 25 | 44.5% | 21.5% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | -11.2% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | -1.3% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | 16.8% | 1.8% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | 2.37× | ||
| Q3 25 | 3.71× | 3.08× | ||
| Q2 25 | — | 4.11× | ||
| Q1 25 | — | 25.67× | ||
| Q4 24 | — | -3.08× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 13.56× | ||
| Q1 24 | — | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
SPB
| HPC Segment | $321.5M | 47% |
| Global Pet Supplies | $168.7M | 25% |
| Home And Personal Care | $109.8M | 16% |
| HG Segment | $73.9M | 11% |
