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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.6× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 14.4%, a 2.2% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 3.9%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $-155.0M).
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
Q vs UGI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.1B |
| Net Profit | $211.0M | $297.0M |
| Gross Margin | 45.1% | — |
| Operating Margin | 21.3% | 22.0% |
| Net Margin | 16.5% | 14.4% |
| Revenue YoY | 11.1% | 3.9% |
| Net Profit YoY | 6.0% | -20.8% |
| EPS (diluted) | $1.01 | $1.34 |
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 | — | $2.1B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | — | $297.0M | ||
| Q3 25 | $211.0M | $-13.0M | ||
| Q2 25 | — | $-163.0M | ||
| Q1 25 | — | $479.0M | ||
| Q4 24 | — | $375.0M | ||
| Q3 24 | $199.0M | $-273.0M | ||
| Q2 24 | — | $-48.0M | ||
| Q1 24 | — | $496.0M |
| Q4 25 | — | — | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 22.0% | ||
| Q3 25 | 21.3% | 1.1% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | 26.6% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | 21.8% | -20.4% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 29.7% |
| Q4 25 | — | 14.4% | ||
| Q3 25 | 16.5% | -1.1% | ||
| Q2 25 | — | -12.0% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | 17.3% | -22.6% | ||
| Q2 24 | — | -3.6% | ||
| Q1 24 | — | 20.6% |
| Q4 25 | — | $1.34 | ||
| Q3 25 | $1.01 | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | — | $2.19 | ||
| Q4 24 | — | $1.74 | ||
| Q3 24 | $0.95 | $-1.26 | ||
| Q2 24 | — | $-0.23 | ||
| Q1 24 | — | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | $1.7B | $6.0B |
| Stockholders' EquityBook value | $9.1B | $5.0B |
| Total Assets | $12.5B | $15.8B |
| Debt / EquityLower = less leverage | 0.19× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $251.0M | ||
| Q3 25 | $128.0M | $335.0M | ||
| Q2 25 | — | $350.0M | ||
| Q1 25 | — | $426.0M | ||
| Q4 24 | — | $240.0M | ||
| Q3 24 | — | $213.0M | ||
| Q2 24 | — | $183.0M | ||
| Q1 24 | — | $263.0M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | $1.7B | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | — | $5.0B | ||
| Q3 25 | $9.1B | $4.8B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | $11.1B | $4.3B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | — | $4.8B |
| Q4 25 | — | $15.8B | ||
| Q3 25 | $12.5B | $15.5B | ||
| Q2 25 | — | $15.4B | ||
| Q1 25 | — | $15.7B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $15.1B | ||
| Q2 24 | — | $15.1B | ||
| Q1 24 | — | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 0.19× | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $568.0M | $-155.0M |
| FCF MarginFCF / Revenue | 44.5% | -7.5% |
| Capex IntensityCapex / Revenue | 16.8% | 10.7% |
| Cash ConversionOCF / Net Profit | 3.71× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.0M | ||
| Q3 25 | $782.0M | $90.0M | ||
| Q2 25 | — | $289.0M | ||
| Q1 25 | — | $684.0M | ||
| Q4 24 | — | $164.0M | ||
| Q3 24 | — | $151.0M | ||
| Q2 24 | — | $390.0M | ||
| Q1 24 | — | $522.0M |
| Q4 25 | — | $-155.0M | ||
| Q3 25 | $568.0M | $-168.0M | ||
| Q2 25 | — | $67.0M | ||
| Q1 25 | — | $538.0M | ||
| Q4 24 | — | $-47.0M | ||
| Q3 24 | — | $-115.0M | ||
| Q2 24 | — | $185.0M | ||
| Q1 24 | — | $353.0M |
| Q4 25 | — | -7.5% | ||
| Q3 25 | 44.5% | -14.4% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | -9.5% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 14.6% |
| Q4 25 | — | 10.7% | ||
| Q3 25 | 16.8% | 22.1% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | — | 0.22× | ||
| Q3 25 | 3.71× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.05× |
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% |
UGI
Segment breakdown not available.
