IonQ (IONQ) Stock Analysis
This is a peer-relative look at IonQ (IONQ): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | IONQ |
|---|---|
| Name | IonQ, Inc. |
| Country/Region | United States |
| GICS Sector | Information Technology |
| GICS Industry Group | Technology Hardware & Equipment |
| GICS Industry | Technology Hardware, Storage & Peripherals |
| GICS Sub-Industry | Technology Hardware, Storage & Peripherals |
| Market Capitalization | 15.16 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | January 4, 2021 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| Total Return (1Y) | -40.10% | 19.81% |
| Total Return (3Y, Annualized) | 46.76% | 26.50% |
| Total Return (5Y, Annualized) | 9.52% | 9.52% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 94.72% | 55.75% |
| Beta (5Y) | 3.33 | 1.39 |
| Max Drawdown (5Y) | -90.00% | -58.83% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | -0.47 | 0.28 |
| Sortino Ratio (1Y) | -0.74 | 0.40 |
Profitability
ROE (TTM)
IonQ (IONQ) posts ROE of 6.90%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.
IONQ
Technology Hardware & Equipment industry group
6.90%
Group distribution
- Max
- 42.47%
- Q3
- 19.13%
- Median
- 11.00%
- IONQ
- 6.90%
- Q1
- 1.63%
- Min
- -20.62%
Largest peers
- AAPL
- 142.26%
- SNDK
- 141.17%
- APH
- 40.08%
- ANET
- 33.52%
- CSCO
- 27.32%
- IONQ
- 6.90%
- DELL
- --
Net Margin (TTM)
IonQ (IONQ) keeps 67.09% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.
IONQ
Technology Hardware & Equipment industry group
67.09%
Group distribution
- IONQ
- 67.09%
- Max
- 27.60%
- Q3
- 11.66%
- Median
- 4.08%
- Q1
- 0.00%
- Min
- -11.02%
Largest peers
- IONQ
- 67.09%
- SNDK
- 67.04%
- ANET
- 39.97%
- AAPL
- 27.60%
- CSCO
- 20.95%
- APH
- 17.95%
- DELL
- 7.53%
Operating Margin (TTM)
IonQ (IONQ) has negative operating margin of -249.14%. Core operations were loss-making before interest and taxes over the trailing period.
IONQ
Technology Hardware & Equipment industry group
-249.14%
Group distribution
- Max
- 36.27%
- Q3
- 18.36%
- Median
- 8.84%
- Q1
- 1.46%
- Min
- -21.39%
- IONQ
- -249.14%
Largest peers
- SNDK
- 79.59%
- ANET
- 44.90%
- AAPL
- 31.13%
- APH
- 29.68%
- CSCO
- 27.72%
- DELL
- 12.02%
- IONQ
- -249.14%
Profitability Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| ROE (TTM) | 6.90% | 11.00% |
| ROA (TTM) | -12.60% | 4.78% |
| Net Margin (TTM) | 67.09% | 4.08% |
| Operating Margin (TTM) | -249.14% | 8.84% |
| Gross Margin (TTM) | 24.67% | 39.87% |
Growth
Revenue Growth
IonQ (IONQ) grew revenue 201.85%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.
EPS Growth
No usable EPS growth is available for IonQ (IONQ) this period, so the earnings-momentum read is skipped.
Growth Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 201.85% | 10.87% |
| Revenue Growth (3Y CAGR) | 126.89% | 2.79% |
| EPS Growth (YoY) | -- | 14.29% |
| EPS Growth (3Y CAGR) | -- | 3.49% |
Financial Strength
Current Ratio (MRQ)
IonQ (IONQ) has current ratio of 4.24, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.
IONQ
Technology Hardware & Equipment industry group
4.24
Group distribution
- Max
- 5.34
- IONQ
- 4.24
- Q3
- 3.02
- Median
- 1.95
- Q1
- 1.32
- Min
- 0.17
Largest peers
- IONQ
- 4.24
- ANET
- 3.29
- SNDK
- 2.58
- APH
- 1.94
- AAPL
- 1.02
- DELL
- 0.96
- CSCO
- 0.93
Debt / Equity (MRQ)
IonQ (IONQ) has debt-to-equity ratio of 0.01, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.
IONQ
Technology Hardware & Equipment industry group
0.01
Group distribution
- Max
- 1.76
- Q3
- 0.78
- Median
- 0.24
- Q1
- 0.04
- IONQ
- 0.01
- Min
- 0.01
Largest peers
- APH
- 1.03
- AAPL
- 0.84
- CSCO
- 0.62
- IONQ
- 0.01
- SNDK
- 0.01
- ANET
- --
- DELL
- --
Financial Strength Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 4.24 | 1.95 |
| Debt / Equity (MRQ) | 0.01 | 0.24 |
| Net Debt / EBITDA | -- | 0.16 |
Dividends
Dividend Yield (TTM)
IonQ (IONQ) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
IONQ
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 0.73%
- Q3
- 0.31%
- IONQ
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 1.73%
- DELL
- 0.73%
- APH
- 0.70%
- AAPL
- 0.31%
- IONQ
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Payout Ratio (TTM)
IonQ (IONQ) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
IONQ
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 32.27%
- Q3
- 14.48%
- IONQ
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 49.85%
- APH
- 21.74%
- DELL
- 13.43%
- AAPL
- 11.80%
- IONQ
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
IonQ (IONQ) trades at P/E ratio of 18.86, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.
IONQ
Technology Hardware & Equipment industry group
18.86
Group distribution
- Max
- 69.48
- Q3
- 41.02
- Median
- 26.39
- Q1
- 19.36
- IONQ
- 18.86
- Min
- 6.07
Largest peers
- ANET
- 45.79
- AAPL
- 38.13
- APH
- 32.43
- CSCO
- 28.18
- DELL
- 19.10
- IONQ
- 18.86
- SNDK
- 6.67
P/S Ratio (TTM)
IonQ (IONQ) trades at 39.84 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.
IONQ
Technology Hardware & Equipment industry group
39.84
Group distribution
- IONQ
- 39.84
- Max
- 11.30
- Q3
- 5.82
- Median
- 2.56
- Q1
- 1.05
- Min
- 0.00
Largest peers
- IONQ
- 39.84
- ANET
- 18.15
- AAPL
- 10.39
- CSCO
- 5.84
- APH
- 5.57
- SNDK
- 4.10
- DELL
- 1.38
P/B Ratio (MRQ)
IonQ (IONQ) trades at 2.67 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.
IONQ
Technology Hardware & Equipment industry group
2.67
Group distribution
- Max
- 10.75
- Q3
- 5.52
- Median
- 3.17
- IONQ
- 2.67
- Q1
- 1.79
- Min
- 0.33
Largest peers
- AAPL
- 44.39
- ANET
- 13.12
- APH
- 10.75
- CSCO
- 7.36
- SNDK
- 6.63
- IONQ
- 2.67
- DELL
- -147.32
Valuation Metrics
| Metric | Current stock: IONQ | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 18.86 | 26.39 |
| P/S Ratio (TTM) | 39.84 | 2.56 |
| P/B Ratio (MRQ) | 2.67 | 3.17 |
| Free Cash Flow Yield (TTM) | -2.81% | 2.83% |