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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and WERNER ENTERPRISES INC (WERN). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $808.6M, roughly 1.6× WERNER ENTERPRISES INC). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -0.5%, a 17.1% gap on every dollar of revenue. On growth, WERNER ENTERPRISES INC posted the faster year-over-year revenue change (13.6% vs 11.1%).
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
Q vs WERN — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $808.6M |
| Net Profit | $211.0M | $-4.3M |
| Gross Margin | 45.1% | — |
| Operating Margin | 21.3% | 75.5% |
| Net Margin | 16.5% | -0.5% |
| Revenue YoY | 11.1% | 13.6% |
| Net Profit YoY | 6.0% | 57.8% |
| EPS (diluted) | $1.01 | $-0.07 |
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.
| Q1 26 | — | $808.6M | ||
| Q4 25 | — | $719.9M | ||
| Q3 25 | $1.3B | $752.2M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $693.4M | ||
| Q4 24 | — | $736.6M | ||
| Q3 24 | $1.1B | $726.3M | ||
| Q2 24 | — | $742.7M |
| Q1 26 | — | $-4.3M | ||
| Q4 25 | — | $-27.8M | ||
| Q3 25 | $211.0M | $-20.6M | ||
| Q2 25 | — | $44.1M | ||
| Q1 25 | — | $-10.1M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | $199.0M | $6.6M | ||
| Q2 24 | — | $9.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 75.5% | ||
| Q4 25 | — | -5.0% | ||
| Q3 25 | 21.3% | -1.7% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 21.8% | 2.4% | ||
| Q2 24 | — | 2.6% |
| Q1 26 | — | -0.5% | ||
| Q4 25 | — | -3.9% | ||
| Q3 25 | 16.5% | -2.7% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 17.3% | 0.9% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | — | $-0.46 | ||
| Q3 25 | $1.01 | $-0.34 | ||
| Q2 25 | — | $0.72 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | $0.95 | $0.11 | ||
| Q2 24 | — | $0.15 |
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 | $61.5M |
| Total DebtLower is stronger | $1.7B | $878.2M |
| Stockholders' EquityBook value | $9.1B | $1.4B |
| Total Assets | $12.5B | $3.3B |
| Debt / EquityLower = less leverage | 0.19× | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.5M | ||
| Q4 25 | — | $59.9M | ||
| Q3 25 | $128.0M | $51.0M | ||
| Q2 25 | — | $51.4M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $70.4M |
| Q1 26 | — | $878.2M | ||
| Q4 25 | — | $752.0M | ||
| Q3 25 | $1.7B | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $9.1B | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $11.1B | $1.4B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $12.5B | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B |
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.55× | ||
| Q3 25 | 0.19× | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× |
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 | — |
| Free Cash FlowOCF − Capex | $568.0M | — |
| FCF MarginFCF / Revenue | 44.5% | — |
| Capex IntensityCapex / Revenue | 16.8% | 0.2% |
| Cash ConversionOCF / Net Profit | 3.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $62.3M | ||
| Q3 25 | $782.0M | $44.1M | ||
| Q2 25 | — | $46.0M | ||
| Q1 25 | — | $29.4M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | — | $61.0M | ||
| Q2 24 | — | $109.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-23.5M | ||
| Q3 25 | $568.0M | $-8.6M | ||
| Q2 25 | — | $-42.3M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $-9.8M | ||
| Q3 24 | — | $-73.4M | ||
| Q2 24 | — | $-31.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -3.3% | ||
| Q3 25 | 44.5% | -1.1% | ||
| Q2 25 | — | -5.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | -1.3% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | — | 11.9% | ||
| Q3 25 | 16.8% | 7.0% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 18.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.71× | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.97× | ||
| Q3 24 | — | 9.30× | ||
| Q2 24 | — | 11.52× |
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% |
WERN
Segment breakdown not available.
