QQnity Electronics, Inc.
Semiconductors & Related Devices
- Revenue
- $4.8B
- 9.7% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $24.4B
- Employees
- 10,000
- $475K revenue each
- Net debt / EBITDA
- —
- $3.0B net debt
- AI in 10-K
- 3.3
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 1 of 7
- TSR below peersNo1 of 1 years3+ of last 5 years
- High CEO pay despite TSRNo$21M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo175% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes52% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$475K · 56th pctBottom quartile of its SIC industry
- Quiet on AINo3.3 per 10K words · 73rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$24.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$503K netNet sales over $10M in 12 months
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $4.0B | $4.3B | $4.8B | 9.7% |
| Net income | — | — | $729M | |
| Operating cash flow | $882M | $1.1B | $1.3B | 20% |
| Capex | $231M | $200M | $285M | 43% |
| Stock-based comp | $13M | $13M | $20M | 54% |
| Dividends | $0 | $0 | $13M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $468K · 3
- Open-market sells, 12 mo
- $970K · 6
- Net
- −$503K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $21M | $16M | 84 | 94 |